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4-Traders Homepage  >  Equities  >  Nyse  >  International Business Machines Corp.    IBM

Delayed Quote. Delayed  - 07/22 10:02:19 pm
162.07 USD   +1.01%
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Business Machines : IBM Cloud for z Helps CSC Clients Migrate from Legacy Platforms to the Cloud

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07/23/2016 | 11:05pm CEST

CSC and IBM have announced a collaboration in which IBM is providing its Cloud Managed Services for z Systems - IBM Cloud for z - and associated mainframe hardware, software, monitoring and governance support to CSC clients who are moving to the cloud.

As part of the expanded alliance to further CSC`s vision of the "Service-Enabled Enterprise" and IBM`s "as-a-service" strategy, the partnership will provide consumption-based pricing for the IBM z Systems environment to give clients` greater capital investment flexibility.

According to Stephen Hilton, CSCs executive vice president & general manager, Global Infrastructure Services, many of its clients are looking for ways to migrate from legacy platforms to modernized applications and to a cloud enabled infrastructure. The new cloud-based service expands CSCs cloud offering and provides clients with greater choice and capital flexibility while moving legacy computing to a cloud-like service.

The agreement builds on an announcement earlier this year that the IBM Cloud is available to CSC clients as an option through CSCs next generation IT services. Integration of the CSC Agility Platform with the IBM Cloud will enable clients across multiple industries - including healthcare, insurance and finance - to leverage the benefits of the hybrid cloud and deploy some 10,000 applications.

(c) 2016 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 79 522 M
EBIT 2016 14 805 M
Net income 2016 12 037 M
Debt 2016 34 029 M
Yield 2016 3,23%
P/E ratio 2016 13,23
P/E ratio 2017 12,73
EV / Sales 2016 2,38x
EV / Sales 2017 2,40x
Capitalization 155 581 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 154 $
Spread / Average Target -5,0%
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Managers
NameTitle
Virginia M. Rometty Chairman, President & Chief Executive Officer
James J. Kavanaugh Senior Vice President-Transformation & Operations
Martin J. Schroeter Chief Financial Officer & Senior Vice President
Jeff Smith Chief Information Officer
Sidney Taurel Independent Director
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