IBM to acquire Rego Consulting's Adobe Workfront business

  • IBM (NYSE: IBM ) is advancing its hybrid cloud and AI strategy with plans to acquire the Adobe Workfront consulting unit and assets from Rego Consulting.
  • Financial details of the deal were not disclosed.
  • The deal represents the 17th overall acquisition for IBM - and the ninth acquisition in cloud and AI services - since Arvind Krishna took over as IBM CEO in April 2020. The technology firm has been investing heavily to strengthen its hybrid cloud and AI strategy and capabilities, with a focus on acquiring high-value consultative services.
  • Rego has been recognized as the Adobe Workfront Partner of the year over the past two years and has achieved Adobe Workfront Specialization. The Rego team being acquired by IBM has wide expertise in end-to-end Workfront services, delivering strategy formulation to implementation to management and support to Fortune 500 companies.
  • With this acquisition, IBM expands its rich Adobe service offering to meet the rising client demand for experience-led business transformation backed by intelligent workflows. Upon deal closing, the Adobe Workfront business of Rego will join the growing Adobe practice within IBM iX - IBM Consulting's customer and experience transformation group.

    Over the current book year the company from Armonk could achieve a revenue around 74.6 billion USD (consensus estimates). This is slightly more than 2021's revenue of 73.62 billion USD.

    Historical revenues and results IBM plus estimates 2021

    historische koersen

    The analysts expect for 2021 a net profit of 9.4 billion USD. According to most of the analysts the company will have a profit per share for this book year of 10.43 USD. The price/earnings-ratio is then 11.99.

    Huge dividend IBM

    Analysts expect a dividend of 6.6 USD per share. IBM 's dividend yield thus equals 5.28 percent. The average dividend yield of the hardware & equipment companies is a poor 1.41 percent.

    Most recent target prices around 129 USD

    KBC Securities, Independent Research and A.G. Edwards recently provided recommendations for the stock.

    IBM 's market capitalization is based on the number of outstanding shares around 110.98 billion USD. 18

    On Friday the stock closed at 125.1 USD.

    Historical stock prices IBM period 2007-2021

    stock price ibm News Wire & Equity Research: +31 084-0032-842

    Copyright B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.