UPDATE 1-IBM to sell some of its software products to HCL for $1.8 bln [Reuters]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
Check Earnings Report
US:NYSE Investor Relations:
ibm.com/investor
Company Research
Source: Reuters
IBM to sell some of its software products to HCL for $1.8 billion | Reuters 2 Min Read (Reuters) - International Business Machines Corp ( IBM.N ) said on Thursday it will sell some of its software products business to Indian software services exporter HCL Technologies ( HCLT.NS ) for $1.80 billion. The software products in scope represent a total addressable market of more than $50 billion, IBM said in a statement. The company will divest seven of its products, including its secure device management product BigFix, marketing automation product Unica and workstream collaboration product Connections. “The products that we are acquiring are in large growing market areas like security, marketing and commerce which are strategic segments for HCL,” said C Vijayakumar, Chief Executive Officer of HCL. The transacti here is expected to close by mid-2019. IBM’s software sales, which have slowed down in the past, also weighed on its latest quarterly revenue. HCL’s revenue from software servi
Show less
Read more
Impact Snapshot
Event Time:
IBM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBM alerts
High impacting International Business Machines Corporation news events
Weekly update
A roundup of the hottest topics
IBM
News
- IBM: Embedding Our Net Zero Goal in Our Business Operations Using AI [Yahoo! Finance]Yahoo! Finance
- Meta releases Llama 3, claims it's among the best open models available [Yahoo! Finance]Yahoo! Finance
- Meta releases Llama 3, claims it's among the best open models available [TechCrunch]TechCrunch
- Protocol Village: Safe, for 'Smart Accounts,' Completes Acquisition of Crypto Business Wallet Multis [Yahoo! Finance]Yahoo! Finance
- Red Hat Expands Red Hat Trusted Software Supply Chain for a Developer-First Experience [Yahoo! Finance]Yahoo! Finance
IBM
Earnings
- 1/24/24 - Beat
IBM
Sec Filings
- 4/5/24 - Form DEFA14A
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- IBM's page on the SEC website