IBM to acquire hybrid cloud consultancy Nordcloud

  • IBM announced an agreement to acquire Nordcloud, a European leader in cloud implementation, application transformation and managed services
  • The acquisition further advances IBM 's cloud migration and transformation capabilities, an important aspect of its hybrid cloud platform growth strategy
  • Headquartered in Finland, Nordcloud is recognized as a leader in public cloud services. It is one of the few providers triple certified in Amazon Web Services, Alphabet Cloud Platform and Microsoft Azure
  • This acquisition is the latest example of how IBM is expanding the breadth and depth of its hybrid cloud offerings to manage complex integrations - of technologies, people and processes
  • Leading IT industry analysts estimate the market for cloud professional services will exceed $200bn by 2024

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    Over the current book year the total revenue will be 73,95 billion USD (consensus estimates). This is slightly lower than 2019's revenue of 77,15 billion USD.

    Historical revenues and results IBM plus estimates 2020

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    The analysts expect for 2020 a net profit of 7,51 billion USD. The majority of the analysts expects for this year a profit per share of 8,43 USD. Based on this the price/earnings-ratio is 14,79.

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    Per share the analysts expect a dividend of 6,49 USD per share. The dividend yield is then 5,2 percent. The average dividend yield of the hardware & equipment companies is a poor 0,33 percent.

    Based on the current number of outstanding shares IBM 's market capitalization is 111,28 billion USD. The IBM stock was the past 12 months quite unstable. Since last December the stock is 3 percent lower. This year the stock price moved between 91 and 159 dollar.

    Historical stock prices IBM

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