We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
IBM Cloud Capabilities to Aid Cegid, Expands Europe Presence
Read MoreHide Full Article
International Business Machines (IBM - Free Report) recently entered into an enterprise services deal with France-based, Cegid. Notably, Cegid offers cloud-based management solutions that enhance performance of the financial and accounting related processes. Per the agreement, IBM’s hybrid cloud architecture will provide a platform facilitating Cegid’s service delivery.
IBM’s hybrid cloud IT infrastructure as a service (“IaaS”), cloud capabilities, resources, among other services supported on IBM's Paris-based data center can be leveraged by Cegid.
Per a past deal in 2012, Cegid leveraged IBM France to develop a personalized private cloud. Cegid's Software as a Service (“SaaS”) business has been registering growth of greater than 30% since then. Cegid now projects its SaaS portfolio to quadruple business with IBM’s hybrid cloud architecture, by 2021. This strengthened partnership augurs well for the both the companies in the long haul.
"IBM's unmatched IT Infrastructure and cloud services capabilities provide the perfect foundation for Cegid to create and sell advanced cloud-based services to their clients," said Béatrice Kosowski, General Manager, IBM Global Technology Services, IBM France.
The tech giant's cloud migration methodology will assist Cegid to shift its IT infrastructure business and adopt hybrid cloud architecture. Cegid’s hybrid cloud is proposed to be located in France while being General Data Protection Regulation (“GDPR”) compliant.
We note that IBM’s stock has lost 7.1% year to date, against the S&P 500’s rally of 2.6%.
Efforts to Win Confidence of Europe Based Clientele
IBM’s robust familiarity with managing and implementing cloud platforms has been a tailwind. IBM cloud is witnessing significant adoption across businesses based in Europe.
Moreover, IBM announced 18 new availability zones across Europe, Asia and North America in the recent past. IBM obtained Germany's C5 attestation last month. Given the increasing data related regulations, including the likes of European Union’s (“EU”) GDPR, businesses are pursuing means to control their data better.
Additionally, IBM Cloud offers local EU-based support to its clientele by which access can be confined to solely EU-based IBM employees. These factors are aiding the tech giant expand its foothold in Europe.
IBM Cloud Gaining Traction in Europe
IBM’s sincere efforts seem to be materializing. The company recently entered into agreements with six major European companies leveraging IBM Cloud. The clientele, comprising Munich, Germany-based, Osram AG, France-based, CréditMutuel, Netherlands-based Koopman Logistics, among others, will benefit from IBM Cloud’s blockchain, analytics and artificail intelligence ("AI") capabilities.
For instance, Koopman Logistics will deploy IBM’s Blockchain technology. Crédit Mutuel will tap into IBM’s Watson virtual assistants for its major business segments. Osram AG will utilize the company’s hybrid cloud solution.
"Enterprises across Europe are gravitating to the IBM Cloud because it helps them modernize their existing infrastructures by gaining access to exciting technologies like AI, blockchain, IoT, analytics and more," said Sebastian Krause, General Manager IBM Cloud Europe.
The continued robust adoption of IBM Cloud is expected to drive IBM’s top-line growth. According to latest first quarter data from Synergy Research, IBM Cloud trails only Amazon’s (AMZN - Free Report) Amazon Web Services ("AWS") and Microsoft’s (MSFT - Free Report) Azure in the cloud infrastructure services market.
In the first-quarter of fiscal 2018, IBM’s cloud revenues surged 22% from the year-ago quarter to $17.70 billion. The annual run rate for cloud as-a-service revenue increased 20% at cc on a year-over-year basis to $10.7 billion. We expect that increasing adoption of company's cloud will further boost cloud revenues, going forward.
Our Take
Given the alluring capabilities offered by IBM's hybrid cloud infrastructure, the collaboration with Cegid presents win-win situation for both the parties. The company has been a pioneer when it comes to helping businesses digitally transform and evolve. The tech giant continues to bring innovation to its services to help the enterprises leverage emerging technologies, including the likes of cloud, AI, Internet of Things (“IoT”), among others.
IBM’s advanced AI, IoT, blockchain, cloud, machine learning ("ML") capabilities, among others makes its offerings well poised to gain robust adoption. The traction witnessed by the company’s Watson Ads offering is likely to boost the top line, consequently aiding IBM to better compete against peers.
The projected long-term earnings growth rate for Micron is 8.2%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
IBM Cloud Capabilities to Aid Cegid, Expands Europe Presence
International Business Machines (IBM - Free Report) recently entered into an enterprise services deal with France-based, Cegid. Notably, Cegid offers cloud-based management solutions that enhance performance of the financial and accounting related processes. Per the agreement, IBM’s hybrid cloud architecture will provide a platform facilitating Cegid’s service delivery.
![](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ibmhuhurguguhgu.jpg)
IBM’s hybrid cloud IT infrastructure as a service (“IaaS”), cloud capabilities, resources, among other services supported on IBM's Paris-based data center can be leveraged by Cegid.
Per a past deal in 2012, Cegid leveraged IBM France to develop a personalized private cloud. Cegid's Software as a Service (“SaaS”) business has been registering growth of greater than 30% since then. Cegid now projects its SaaS portfolio to quadruple business with IBM’s hybrid cloud architecture, by 2021. This strengthened partnership augurs well for the both the companies in the long haul.
"IBM's unmatched IT Infrastructure and cloud services capabilities provide the perfect foundation for Cegid to create and sell advanced cloud-based services to their clients," said Béatrice Kosowski, General Manager, IBM Global Technology Services, IBM France.
The tech giant's cloud migration methodology will assist Cegid to shift its IT infrastructure business and adopt hybrid cloud architecture. Cegid’s hybrid cloud is proposed to be located in France while being General Data Protection Regulation (“GDPR”) compliant.
We note that IBM’s stock has lost 7.1% year to date, against the S&P 500’s rally of 2.6%.
Efforts to Win Confidence of Europe Based Clientele
IBM’s robust familiarity with managing and implementing cloud platforms has been a tailwind. IBM cloud is witnessing significant adoption across businesses based in Europe.
Moreover, IBM announced 18 new availability zones across Europe, Asia and North America in the recent past. IBM obtained Germany's C5 attestation last month. Given the increasing data related regulations, including the likes of European Union’s (“EU”) GDPR, businesses are pursuing means to control their data better.
Additionally, IBM Cloud offers local EU-based support to its clientele by which access can be confined to solely EU-based IBM employees. These factors are aiding the tech giant expand its foothold in Europe.
IBM Cloud Gaining Traction in Europe
IBM’s sincere efforts seem to be materializing. The company recently entered into agreements with six major European companies leveraging IBM Cloud. The clientele, comprising Munich, Germany-based, Osram AG, France-based, CréditMutuel, Netherlands-based Koopman Logistics, among others, will benefit from IBM Cloud’s blockchain, analytics and artificail intelligence ("AI") capabilities.
For instance, Koopman Logistics will deploy IBM’s Blockchain technology. Crédit Mutuel will tap into IBM’s Watson virtual assistants for its major business segments. Osram AG will utilize the company’s hybrid cloud solution.
"Enterprises across Europe are gravitating to the IBM Cloud because it helps them modernize their existing infrastructures by gaining access to exciting technologies like AI, blockchain, IoT, analytics and more," said Sebastian Krause, General Manager IBM Cloud Europe.
The continued robust adoption of IBM Cloud is expected to drive IBM’s top-line growth. According to latest first quarter data from Synergy Research, IBM Cloud trails only Amazon’s (AMZN - Free Report) Amazon Web Services ("AWS") and Microsoft’s (MSFT - Free Report) Azure in the cloud infrastructure services market.
In the first-quarter of fiscal 2018, IBM’s cloud revenues surged 22% from the year-ago quarter to $17.70 billion. The annual run rate for cloud as-a-service revenue increased 20% at cc on a year-over-year basis to $10.7 billion. We expect that increasing adoption of company's cloud will further boost cloud revenues, going forward.
Our Take
Given the alluring capabilities offered by IBM's hybrid cloud infrastructure, the collaboration with Cegid presents win-win situation for both the parties. The company has been a pioneer when it comes to helping businesses digitally transform and evolve. The tech giant continues to bring innovation to its services to help the enterprises leverage emerging technologies, including the likes of cloud, AI, Internet of Things (“IoT”), among others.
IBM’s advanced AI, IoT, blockchain, cloud, machine learning ("ML") capabilities, among others makes its offerings well poised to gain robust adoption. The traction witnessed by the company’s Watson Ads offering is likely to boost the top line, consequently aiding IBM to better compete against peers.
Zacks Rank & Key Pick
IBM currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Micron (MU - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The projected long-term earnings growth rate for Micron is 8.2%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>