“All of us know the big job is how to manage it, access controls, security, know what data is where, and how much data you want flowing,” says IBM CEO Ginni Rometty. “We will be number one in what the world calls hybrid cloud.”
Box CEO Aaron Levie says that the IBM-Red Hat Deal showed what the underlying value of incumbent technology companies like Salesforce, ServiceNow, and “hopefully Box” is potentially worth.
IBM’s $33 billion all-cash deal for Red Hat is expected to literally reset the cloud landscape says IBM CEO Ginni Rometty. “This now changes the cloud battle to open, which is what we both are together, to proprietary. This allows them to move mission-critical work safely and securely,” said Rometty.
IBM released its Q4 and full-year earnings report today, posting $29.3 billion in revenue (down 1%, flat adjusting for currency, up 1% excluding divested RSS business adjusting for currency) for the quarter, and $104.5 billion for the year (down 2%,…