IBM shares fall 23%: CEO says Q2 earnings fell short as customers spent more on AI

The article says software revenue rose 5% and highlights Lightwell built with Red Hat. If enterprises are still spending on ...
wdef.com

IBM to buy Red Hat in $34 billion deal, adding Linux distributor

IBM is acquiring North Carolina-based open-source software company Red Hat in a $34 billion stock deal that the technology and consulting giant’s chief executive says will advance the company to the ...

IBM Stock Fell 25% But The Brand May Be The Real Problem

IBM stock fell 25% after weak preliminary results. The deeper issue may be its brand, as investors struggle to understand ...
The Business Journals

Red Hat revenue has doubled since IBM buyout

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Raleigh's Red Hat has become a ...
Raleigh News & Observer

Raleigh’s Red Hat has delivered in five years under IBM. Keeping it going only gets harder.

What IBM sought, Red Hat has largely delivered. Software platforms with higher profit margins and more reliable, reoccurring subscriptions. Growth that outpaces its parent company, quarter after ...

IBM: Timely Buying Opportunity After The Collapse

IBM remains resilient despite mainframe headwinds; Red Hat growth and strong cash flow support a Buy at $210. Read here for a ...
WRAL

IBM to Buy Red Hat, the Top Linux Distributor, for $34 Billion

IBM is making a big move to bring more software developers under its wing by acquiring Red Hat, the largest distributor of the popular open-source operating system Linux, for $34 billion. The purchase ...