IBM prioritizes hybrid-cloud, AI in second quarter

IBM leaned into its hybrid-cloud and artificial intelligence (AI) strategies in the second quarter to offer its partners and clients technical capabilities to improve innovation, productivity and scale their organizations. “Hybrid-cloud is about offering clients a platform that can straddle multiple public cloud, private clouds, and on-premise properties, all the way to the edge,” IBM Chief Executive Arvind Krishna said during Monday’s Q2 earnings call. [caption id="attachment_57363611" align="alignright" width="300"] Photographer: Scott Eells/Bloomberg [/caption] Financial institutions including Barclays , Citi and PNC were among more than 250 clients that implemented IBM’s hybrid-cloud capabilities in Q2 “to unlock more business value and meet rapidly changing client demands,” Krishna said, noting the tech giant currently counts more than 4,000 hybrid-cloud customers. “Those who adopt our platform tend to consume more of our solutions across software, consulting and infrastructure,” he said. To support its hybrid-cloud, IBM launched the Z16 mainframe in April , a technology that offers a real-time AI accelerator into its IBM Telum processor. The Z16 system, which became generally available in Q2, “is designed for cloud-native development, server security resilience, quantum-safe encryption and includes an on-chip accelerator which allows clients to reduce fraud within real-time transactions,” Krishna said. The launch of Z16 improved the company’s infrastructure performance, leading to a 25% year-over-year increase in revenue to $4.2 billion, according to IBM’s earnings presentation. The tech giant’s hybrid infrastructure performance grew 41% YoY, accounting for $2.8 billion in revenue. Meanwhile, IBM added Amazon Web Services as a technology partner in Q2 to enhance automation, data and AI, security and sustainability, according to the earnings call. The company also acquired cybersecurity provider Randori , Jim Kavanaugh, chief financial officer at IBM, said on the call. Looking ahead, IBM plans to continue investing in technology talent, service and product offerings, and go-to-market strategies as “IT has become a high priority on our company’s budget,” Krishna added. Bank Automation Summit Fall, taking place Sept. 19-20 in Seattle, is a crucial event on automation and automation technology in banking. Learn more and register for Bank Automation Summit Fall 2022 .

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