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IBM’s revenue beats estimates on cloud, security services

(Reuters) – International Business Machines Corp s (IBM.N1) shift to newer businesses such as cloud and security services helped it beat Wall Street s quarterly revenue estimates, and the company said its latest mainframe is getting enthusiastic adoption .

The company s shares rose nearly 5 percent to $152.80 (115.92 pounds)in extended trading on Tuesday.

Revenue in the company s mainframe business jumped 60 percent in the third quarter, Chief Financial Officer Martin Schroeter told Reuters, adding that the business benefited from the newly launched Z14.

The company began shipping the new systems toward the end of September.

System Z uptake topped our expectations, and likely helped support gross profit, said Josh Olson, an analyst with Edward Jones.

Under Chief Executive Ginni Rometty, IBM has in recent years shifted focus to growth areas across its businesses, such as cloud, cybersecurity and data analytics, to counter a slowdown in its legacy hardware and software businesses.

Revenue from these businesses, which IBM calls its strategic imperatives , climbed 11 percent to $8.8 billion in the third quarter ended Sept .

30.

Total revenue fell 0.4 percent to $19.15 billion from a year earlier, marking the smallest quarterly drop since the third quarter of 2016.

IBM s revenue declined for the 22nd quarter in a row as the company continues to exit some legacy businesses, while bolstering its strategic imperatives .

Analysts on average had expected revenue of $18.60 billion, according to Thomson Reuters I/B/E/S.

The company s net income fell to $2.73 billion, or $2.92 per share, in the third quarter, from $2.85 billion, or $2.98 per share, a year earlier.

Excluding one-time items, IBM earned $3.30 per share, beating analysts estimates of $3.28.

Reporting by Pushkala A and Laharee Chatterjee in Bengaluru; Editing by Sriraj Kalluvila

References

  1. ^ IBM.N (uk.reuters.com)

Security guard ‘hit over the head’ and robbed at resort supermarket

Published: 10:23 Tuesday 17 October 2017

A security guard was hit over the head by a robber while delivering cash to Morrisons this morning, police said.

The man, who works for private firm G4S, was targeted while making a delivery to the supermarket, in Squires Gate Lane, South Shore, at around 9.20am. “The offenders have grabbed a cash cassette from his hand and made off in a white car,” a force spokeswoman said in a statement. Detectives were called to the scene, while the white Hyundai i20 was found in nearby Sandon Place.1

The scene of the robbery was cordoned off, with police tape stretched around a blue G4S security van. A spokeswoman for the North West Ambulance Service did not find any record of an ambulance being called to the crime scene. Gareth Skinner, head of operational risk for G4S Cash Solutions, said: “One of our cash crews was the victim of a brazen attack during a routine service on Squires Gate Lane in Blackpool . Fortunately our colleague has not suffered any serious injuries but understandably he has been shaken by the attack.

“We are working closely with Lancashire Police and I would urge anyone who may have been nearby and seen this attack to get in touch with the police or dial 101 so that those behind it can be brought to justice. Morrisons has been approached for a comment.


References

  1. ^ Detectives were called to the scene, while the white Hyundai i20 was found in nearby Sandon Place. (www.blackpoolgazette.co.uk)

Las Vegas shooting: Unarmed security guard who led police to gunman Stephen Paddock has ‘vanished’

The security guard who led police to Las Vegas1 shooter Stephen Paddock2 has vanished, his union president said.

Jesus Campos3 had been due to break his media silence following the devastating attack on a music festival that left 58 dead. But the night before his interviews were due to take place he disappeared, according to David Hickey of the Security, Police, and Fire Professionals of America (SPFPA). Mr Hickey said he later received a message saying Mr Campos had been taken to urgent care facility UMC Quick Care, according to Fox News4.

“For the past four days he’s been preparing.. . we had a meeting with MGM officials, and after that meeting was over, we talked about the interviews, we went to a private area, and when we came out, Mr Campos was gone, Mr Hickey said.

“Right now I’m just concerned where my member is, and what his condition is . It’s highly unusual .

I’m hoping everything is OK with him and I’m sure MGM or the union will let (media) know when we hear something.”

A spokesperson for UMC Quick Care say they had “heard nothing” about Mr Campos attending one of their centres. Mr Campos was shot as he approached the 32nd floor suite of the Mandalay Bay hotel, from where 64-year-old gunman Paddock was firing customised automatic weapons into crowds at a festival below. After raising the alarm with police, Mr Campos reportedly remained nearby, helping to evacuate rooms on the same floor before being ordered to leave himself.

He was hit in the right leg by a bullet and was due to be operated on . His injuries were not believed to be serious. Mr Campos was hailed a hero for raising the alarm, and received a union award in the wake of the attack.

But he has also found himself at the centre of conspiracy theories surrounding the shooting.5

Internet forums went into overdrive after police revised the timeline of the shooting after the attack. Online sleuths claimed entirely without basis that Mr Campos was somehow involved in the massacre. Some say they have even visited Mr Campos’ house, and are poring through his online footprint in an attempt to make their theories stick.

False reports have attempted to blame him for the attack, reviving conspiracy theories about there being another shooter on the night of the attack, which have been rejected by police.

Las Vegas Shooting: Unarmed Security Guard Who Led Police To Gunman Stephen Paddock Has 'vanished'Reuse content6

References

  1. ^ Las Vegas (www.independent.co.uk)
  2. ^ Stephen Paddock (www.independent.co.uk)
  3. ^ Jesus Campos (www.independent.co.uk)
  4. ^ Fox News (www.foxnews.com)
  5. ^ centre of conspiracy theories surrounding the shooting. (www.independent.co.uk)
  6. ^ Reuse content (www.independent.co.uk)