News | Latest Breaking News Stories & Headlines

IBM's slowing cloud growth eclipses upbeat Q3 results

IBM has recorded a slowdown in growth in its key cloud software segment, overshadowing booming AI-driven demand for the company's new mainframe that pushed third-quarter sales and profit above market estimates.

Business • 23 Oct

HSBC says quantum computing trial helps bond trading

Europe's biggest bank HSBC said today that a trial use of quantum computers to aid bond trading had produced promising results, in a rare example of a major finance company finding early benefits from the emerging technology.

Business • 25 Sep

IBM's software sales disappoint in second quarter

IBM has beaten Wall Street estimates for second-quarter revenue and profit, but lower-than-expected sales in its mainstay software segment overshadowed a renewal in demand for the mainframe business spurred by AI upgrades.

Business • 24 Jul

IBM operates one of the world's largest fleet of quantum computing systems and will continue to design, build and assemble quantum computers in the US

IBM to invest $150 billion in US over next five years

IBM will invest $150 billion in the US, including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump administration's push for local manufacturing.

Business • 28 Apr

Nathan Cullen is the new Country General Manager and Technology Leader at IBM Ireland

IBM Ireland names Cullen as Country General Manager

IBM has appointed Nathan Cullen as Country General Manager and Technology Leader, IBM Ireland.

Business • 04 Nov 24

IBM said its AI model offers a flexible, scalable way to address a variety of challenges related to short-term weather as well as long-term climate projection

IBM's new AI model for weather and climate applications

IBM has launched a new artificial intelligence (AI) model for a variety of weather and climate use cases.

Business • 23 Sep 24

The research shows that recovery from a breach took more than 100 days

Average cost of a data breach rises to €4.5m

The global average cost of a data breach has reached €4.49 million in 2024, an increase of 10% on the previous year.

Business • 30 Jul 24

'Big Blue's' shares rose about 3% in extended trading on Wall Street last night

IBM gets lift from software, AI demand as consulting dips

IBM has beaten analysts' estimates for second-quarter revenue and raised its annual growth forecast for its software business, riding on higher AI-linked spending by clients looking to adopt the technology.

Business • 25 Jul 24

The new IBM roles will be in Dublin, Cork and Waterford

IBM to create 800 roles in Ireland over three years

IBM is to create an additional 800 jobs across Ireland over the next three years.

Business • 16 May 24

IBM said it expects 2024 revenue to grow in the mid-single-digits, at around 4%-6%, compared with Wall Street expectations of about 3%

IBM forecasts annual revenue growth above estimates

IBM has forecast full-year revenue growth above market estimates, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI).

Business • 25 Jan 24

The AI Alliance will focus on fostering an open community and enabling developers and researchers to accelerate responsible innovation in AI

Tech giants IBM and Meta launch new AI alliance

IBM and Meta have launched a new artificial intelligence (AI) alliance to support open innovation and science in AI.

Business • 05 Dec 23

IBM said it has has zero tolerance for hate speech and discrimination

IBM says it is suspending ads on X

IBM said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ads were placed next to content promoting Adolf Hitler and the Nazi Party.

Business • 17 Nov 23

IBM, like the rest of the IT services industry, is operating in a tough macroeconomic environment that has triggered a further tightening of client budgets

IBM's Q2 results beat estimates on resilient demand

IT software and consultancy services provider IBM has reported third-quarter revenue and profit above Wall Street targets, buoyed by stable demand for its software solutions.

Business • 26 Oct 23

IBM has joined tech firms in boosting its artificial intelligence offerings

IBM misses Q2 revenue estimates as tech spending cools

Enterprise software provider IBM's second-quarter revenue fell short of Wall Street expectations last night, bogged down by a decline in sales of its mainframe computers as businesses cut tech spending.

Business • 20 Jul 23

IBM has launched watsonx, a new artificial intelligence and data platform to help companies integrate AI in their business

IBM unveils new watsonx, AI and data platform

International Business Machines has today launched watsonx, a new artificial intelligence and data platform to help companies integrate AI in their business.

Business • 09 May 23

IBM's software and consulting businesses rose 6% and 8.2% in the first quarter

IBM beats first-quarter profit estimates

IBM has beaten Wall Street expectations for first-quarter profit and signaled demand for IT services was better than feared, sending shares up 3.5% after the bell on Wall Street last night.

Business • 20 Apr 23

According to IBM's latest X-Force Threat Intelligence Index, the level of attempted email thread hijacks doubled last year

Big rise in 'email thread hijacking' by cybercriminals

There has been a big rise in email thread hijacking around the world according to a new cybersecurity report from IBM Security.

Business • 22 Feb 23

IBM recorded revenue growth of 5.5% for 2022 - its highest in a decade

IBM cuts 3,900 jobs as it misses annual cash target

IBM last night announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.

Business • 26 Jan 23

Dario Gil, Director of IBM Research, standing in front of IBM Q System One computer

IBM launches its most powerful quantum computer

International Business Machines (IBM) said today it had launched its most powerful quantum computer to date called the Osprey.

Business • 09 Nov 22

Under the scheme, IBM Service Corps volunteers will work with schools to help them proactively prepare for and respond to cyber threats

Dublin ETB to receive $500,000 cybersecurity support

The City of Dublin Education Training Board is to receive $500,000 worth of cybersecurity support from IBM.

Business • 25 Oct 22

IBM has been focusing on the 'hybrid cloud' after spinning off its legacy IT-managed infrastructure business.

IBM expects to exceed annual revenue target

IBM beat quarterly earnings estimates last night and said it expects to exceed full-year revenue growth targets as robust demand for the company's digital services helps cushion the blow from a strong dollar.

Business • 20 Oct 22

IBM expects a foreign exchange hit to revenue of about 6% this year

IBM beats quarterly expectations but warns on forex

IT hardware and services company IBM Corp beat quarterly revenue expectations but warned the hit from forex for the year could be about $3.5 billion due to a strong dollar.

Business • 19 Jul 22

IBM suspended its operations in March following Moscow's invasion of Ukraine

IBM forecasts upbeat 2022 revenue on cloud strength

IBM expects to hit the top end of its revenue growth forecast for 2022, the company said last night, even as it flagged a $300 million knock to revenue from the suspension of its business in Russia.

Business • 20 Apr 22

IBM has reiterated its forecast for mid-single-digit revenue growth in 2022, compared with 3.9% last year

IBM marks strong start to new chapter

IT giant IBM has beaten Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue's first earnings after exiting the slow-growing managed infrastructure business.

Business • 25 Jan 22

Fergal Coburn, Group Chief Technology Officer at AIB, Graham Fagan, Group Director of Enterprise Technology & Cloud Engineering at AIB and Deborah Threadgold, Country General Manager, IBM Ireland

AIB in €65m deal with IBM for digital transformation

AIB has signed a €65m three-year contract with IBM to provide it with enhanced cyber resilience and fraud detection capabilities.

Business • 15 Dec 21