IBM Q2 strong across AI, software, infrastructure
IBM reported strong second quarter results, a revenue pop for its infrastructure business due to its new mainframe system and a growing backlog for its AI business.
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New economic realities and shrinking IT budgets necessitate that IT organizations become better at justifying new projects, more efficient in delivering IT services, and smarter at adopting new technologies that can deliver business value while reducing costs.
Organizations must work together to optimize the cost reduction that funds innovation, and learn how to balance the needs of business with the responsibilities of IT. Is your organization ready for the shift to innovation? Have you developed a strategy to fund innovation with optimization?
IBM reported strong second quarter results, a revenue pop for its infrastructure business due to its new mainframe system and a growing backlog for its AI business.
Systems integrators and services companies are launching AI agents, releasing frameworks and trying to help enterprises build multi-agent systems. The big question is whether AI agents turn out to be a boon or a bust for systems integrators in the long run.
Amazon Web Services launched Kiro, an integrated development environment (IDE) that uses AI agents to move from prompt to prototype to production.
The view from the C-suite is increasingly gloomy as executives navigate policy, inflation and the economy that's a reality show with two-week story arcs. It's hard to plan when your conditions change every other day. Yet, technology companies--including a few that barely have revenue--live in a world full of unicorns and rainbows.
HPE raised its savings target for the Juniper Networks acquisition, set its integration teams, said no customer will be left behind and provided the first installment of vision for the combined companies.
Apple said Jeff Williams, chief operating officer, will retire at the end of the year and Sabibh Khan, senior vice president of operations and architect of the company's supply chain, will take over this month.
Chief financial officers are paring expectations for the economy, revenue, earnings and capital investments for the second quarter as they become more risk averse, according to Deloitte's latest CFO Signals report.
According to CoreWeave, the acquisition of Core Scientific will eliminate about $10 billion of future leases, create $500 million annual run rate cost savings by the end of 2027 and simplify operations.