All articles tagged with #hybrid cloud
IBM has launched the Power11 line of servers, offering up to 2048 threads across various configurations, with a focus on reliability, security, and AI integration, including custom accelerators and hybrid cloud support, targeting enterprise customers with scalable hardware options from entry-level to full rack systems.
IBM Power11, the latest generation of IBM servers, offers enhanced performance, resilience, and AI integration, supporting seamless hybrid cloud deployment and delivering up to 55% better core performance, with features like zero planned downtime and rapid ransomware detection, aimed at transforming enterprise IT operations.
Hewlett Packard Enterprise (HPE) CEO Antonio Neri highlights the company's strong Q2 performance and its significant role in AI, with an AI order book of $4.6 billion and $900 million in revenue conversion. Neri emphasizes HPE's unique position in the AI market, particularly in energy-efficient liquid cooling solutions, and anticipates continued demand growth.
HPE has revamped its financial reporting structure, causing storage results to vanish into a new hybrid cloud category. The company's first fiscal quarter revenues were lower than expected, with a $387 million profit, 23 percent less than last year. HPE's new organizational structure includes segments such as Server, Hybrid Cloud, and Intelligent Edge. The company's CFO cited softening demand in the Intelligent Edge segment, while the CEO expressed confidence in the future, particularly in AI systems and GPU-enhanced servers. HPE's next quarter outlook anticipates a 2.5 percent annual decrease in revenues at the midpoint.
IBM's stock surged 11.5% after reporting a 4% revenue increase driven by demand for AI products and hybrid cloud services, with earnings per share beating Wall Street estimates. The company expects free cash flow to improve this year and foresees mid-single-digit revenue growth, particularly in its consulting and software businesses. IBM's CFO highlighted the increasing demand for generative AI offerings, which are being used to enhance various business operations, and emphasized the long-term value potential of AI, with stock reaching a nearly 10-year high.
IBM is set to acquire Software AG's StreamSets and webMethods platforms for $2.3 billion in cash, aiming to enhance its artificial intelligence (AI) and hybrid cloud offerings. The acquisition will enable IBM to add data ingestion capabilities to its AI platform, Watson, through StreamSets, while webMethods will provide integration and application programming interface (API) tools for clients' hybrid multi-cloud environments. The deal is expected to be completed in the second quarter of 2024.
IBM has announced its plans to acquire Software AG's enterprise integration platforms, StreamSets and webMethods, for €2.13 billion ($2.33 billion) in cash. The acquisition aims to strengthen IBM's artificial intelligence and hybrid cloud offerings. Software AG's platforms provide application integration, API management, and data integration services. The deal is subject to regulatory approvals and is expected to be completed in Q2 2024.
Hewlett Packard Enterprise (HPE) is undergoing a restructuring to accelerate its hybrid cloud sales strategy, creating a new Hybrid Cloud organization led by HPE CTO Fidelma Russo. The reorganization includes executive departures and reassignments, with HPE General Manager Vishal Lall leaving the company and HPE Services GM Pradeep Kumar retiring. The changes aim to unify HPE's portfolio and enhance the delivery of a true cloud experience for customers and partners, positioning the company for continued market success. The new Hybrid Cloud business unit will focus on delivering a comprehensive portfolio of storage, software, data, and cloud services on the HPE GreenLake platform.
IBM is set to acquire Apptio, a platform that tracks data in hybrid environments, for $4.6 billion in cash. The acquisition will allow IBM to develop and sell solutions to businesses to manage and optimize spend within their IT stacks. Apptio's products cover spend management and planning within hybrid cloud environments, managing spend around public cloud deployments, and modelling bigger projects. The deal will give IBM access to Apptio's 1,500 enterprise customers, including more than half of the Fortune 100, and key integrations and partnerships with Amazon Web Services, Microsoft Azure, Google Cloud Platform, Salesforce, ServiceNow, Oracle and SAP.