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Continuing acquisition streak, IBM buys data management specialist Bluetab

Continuing acquisition streak, IBM buys data management specialist Bluetab
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Top 5 Dividend Stocks To Buy in 2021 - Insider Monkey

Top 5 Dividend Stocks To Buy in 2021 Dividend Yield: 4.59% As a consistent leader in the tech industry, IBM has shown consistent payout ratios and an increase in dividend yields. The tech industry is a sector you’ll want to invest in as it’s only going to continue to change and grow. IBM has proven to be a safe bet. International Business Machines Corp (NYSE: IBM) started as the computing, tabulating, and recording firm in the late 1800s. Its first major contract was to supply equipment for the tabulation and assessment of the U.S. census in 1890. The company grew over the years and become a leading supplier of computer systems in the late 1990s. However, the company has shifted its focus to cloud computing and AI in recent years. Its current product portfolio ranges from IT services and cloud offerings to artificial intelligence and enterprise software.

IBM surprises investors with return to growth in first quarter

IBM surprises investors with return to growth in first quarter SHARE After four consecutive quarters of revenue declines, IBM Corp. surprised investors today with 1% growth in quarterly revenue, sending its stock up more than 3% in after-hours trading and raising hopes that other technology giants could report similar surprises in the coming weeks. Revenue rose to $17.73 billion from the same quarter a year ago and well ahead of analysts’ average estimate of $17.32 billion. Earnings per share of $1.77 also beat analysts’ estimate of $1.69. The surprise was to some extent a matter of timing, since revenues fell 2% when adjusted for constant currency. Still, any good financial news from IBM has been well received as of late and executives painted a bright picture of the upcoming quarter and the full year.

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