International Business Machines Corp (IBM)
IBM shuttering China research labs, laying off 1,000 employees
International Business Machines Corp (NYSE:IBM) has revealed it will be shuttering its research and development (R&D) operation in China, impacting more than 1,000 jobs. The tech company on Monday confirmed earlier media reports about the closure, stating to Reuters: "These changes will not impact our ability to support clients across the Greater China region.
International Business Machines Corporation (IBM) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to IBM (IBM). This makes it worthwhile to examine what the stock has in store.
IBM closing research unit in China: WSJ
IBM Corp. IBM is shutting down its research and development department in China in a move that will affect 1,000 jobs as technology companies continue moving out of the country, the Wall Street Journal reported Monday. IBM broke the news in a virtual meeting with employees in Asia, the WSJ reported. Employees told the WSJ some of the jobs will move to other locations such as Bangalore, India. An IBM China spokesperson did not comment, the WSJ said. IBM's stock fell 0.2% in premarket trading on Monday.
IBM Cuts China R&D Operations. What It Means for the Stock.
International Business Machines is moving the functions to other overseas facilities, The Wall Street Journal reported.
IBM stock analysis: would Peter Lynch buy the Big Blue?
International Business Machines (NYSE: IBM) stock price was little changed on Monday after media reports noted that it was shutting down its R&D division in China, affecting over 1,000 jobs. Some of those jobs will move to Bangalore, India, where the country has a huge operation.
IBM to close China R&D department, affecting over 1,000 jobs, Yicai reports
IBM will completely shutter its China R&D, with resulting layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday, citing a statement from the company.
IBM's Software And GenAI Investments Are Generating Strong Free Cash
IBM, an old company with a history of missed innovation, is now showing growth potential under new management. Software and GenAI business segments are driving high-single digit revenue growth and expanding margins for IBM by 100 bp. Free cash has been growing at one of the healthiest trajectories since 2020, on track to grow 7% in 2024.
IBM (IBM) Up 2.1% Since Last Earnings Report: Can It Continue?
IBM (IBM) reported earnings 30 days ago. What's next for the stock?
What Is the Dividend Payout for IBM Stock?
IBM's free cash flows totaled $12.1 billion over the last four quarters. Of those cash profits, 55% were returned to shareholders in the form of dividends and buybacks.
Better Artificial Intelligence (AI) Stock: Nvidia vs. IBM
Nvidia's sales are skyrocketing thanks to AI chip demand. IBM recently reported $2 billion in orders for its brand-new generative AI services.
IBM Generative AI to Enhance Fan Experience at US Open
The United States Tennis Association opts to utilize IBM AI capabilities to deliver a more comprehensive and engaging digital experience to millions of fans worldwide.
What Is the Dividend Payout for IBM Stock?
IBM pays a dividend that's attractive within the tech sector. The company's growing free cash flow inspires confidence in future dividend payouts.
