Investor Alert

Sept. 22, 2022, 6:04 p.m. EDT

International Business Machines stock up in premarket trading; secures deal with Airtel to deliver edge cloud services

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    International Business Machines Corp. (IBM)

or Cancel Already have a watchlist? Log In

Sep 22, 2022 (PressReach.com via COMTEX) -- As of 10:20 AM EDT IBM stock was up to $128

IBM /zigman2/quotes/203856914/composite IBM +0.21% and Bharti Airtel will jointly implement the latter’s edge computing technology before the latter launches its 5G network in important cities. They will set up 120 network data centers across 20 locations, giving huge businesses in a variety of sectors--including manufacturing and the automobile industry--the ability to speed solutions safely at the edge.

According to Airte l, 5G will dramatically improve edge computing. The largest manufacturer of passenger cars in India, Maruti Suzuki India Ltd, plans to employ the edge platform to improve the precision and effectiveness of quality inspections carried out on the production line. Maruti Suzuki’s initiatives to improve plant productivity and quality operations will be driven by the Airtel platform, which is supported by IBM Cloud Satellite.

IBM Spinoff Kyndryl Bets On Growth With Amazon, Microsoft, And Google

Maruti Suzuki hopes to improve quality control and guarantee that its data is secure at the edge by implementing this platform. The system integration for the IBM platform will be overseen by IBM Consulting. In order to address the urgent business concerns faced by enterprise clients, Airtel and IBM Consulting will also collaborate to build innovative use cases that make use of Airtel’s 5G connectivity and IBM’s hybrid cloud capabilities.

IBM stock is up 0.2% in premarket trading.

Today at Think Mumbai, IBM and Airtel announced their collaboration on embracing 5G. For AI-enabled quality inspection, Airtel’s solution uses IBM Maximo Visual Inspection. Leading the system integration for the IBM platform will be IBM Consulting. The IBM and Airtel Digital engineering teams will develop use cases that take advantage of Airtel’s 5G connectivity and IBM’s hybrid cloud capabilities to address the urgent business issues faced by enterprise clients through the use of this hybrid cloud platform, IBM Consulting’s industry expertise, access to best-in-class technology, and partners.

In the past year, IBM’s stock has outperformed the Zacks Computer – Integrated Systems industry (+4.8% vs. -6.4%). Synergies from the acquisition of Red Hat by the corporation are enhancing its competitiveness in the hybrid cloud industry. Over the long term, analytics, cloud computing, and security are anticipated to be the main drivers of IBM’s growth.

Profitability is anticipated to be fueled by a stronger business mix, higher investment in growth possibilities, and improved operating leverage as a result of productivity increases. However, IBM is up against the fierce competition in the cloud computing space from companies like Microsoft Azure and Amazon Web Services.

For the corporation, increased debt levels and costly restructuring efforts are concerning. Another obstacle is the high risk of integration resulting from an ongoing acquisition binge. Another drawback for the corporation is a muted cash flow expectation for 2022 due to the impact of the strong currency and the winding down of business operations in Russia.

Featured Image - Megapixl (C) Bidermann

Please See Disclaimer

Visit PressReach.com To Get More Articles Like This

Author: Jowi Kwasu
Market Jar Media Inc.
#170 - 422 Richards Street
Vancouver, BC, Canada
V6B 2Z4


Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

$ 146.49
+0.31 +0.21%
Volume: 2.75M
Nov. 29, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$132.17 billion
Rev. per Employee

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.