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New CEO Named 'For The Next Era At IBM,' Company Says New CEO Named 'For The Next Era At IBM,' Company Says
New CEO Named 'For The Next Era At IBM,' Company Says A prominent IBM executive has been named as the company’s new chief executive officer. Arvind Krishna, IBM’s current Senior Vice President for Cloud and Cognitive Software, was announced as the company’s new CEO and member of its board of directors, effective as of Monday, April 6. Virginia Rommetty, IBM chairman, the company’s president and current CEO, will continue as executive chairman of the Board and serve through the end of the year, when she will retire after almost 40 years with the company. "I am thrilled and humbled to be elected as the next dhief executive officer of IBM, and a…

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by Zak Failla
Business
Westchester-Based IBM Fourth Quarter Earnings Exceed Estimates Westchester-Based IBM Fourth Quarter Earnings Exceed Estimates
Westchester-Based IBM Fourth Quarter Earnings Exceed Estimates ARMONK, N.Y. -- The fourth quarter was a good one for IBM, which is headquartered in Armonk. The company announced revenue of $22.5 billion, an increase of 4 percent. The revenue beat investor expectations. The company earned about $5.18 per share, also beating investor expectations.  The company earned $36.5 billion in revenue in full-year strategic imperatives, an increase of 11 percent. Fourth quarter strategic imperatives revenues increased 17 percent. IBM earned $17 billion in full-year cloud revenue, an increase of 24 percent from last year.  "During 2017, we strengthened our p…

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by Sam Barron