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IBM revenue misses as server, software sales slow



By Pushkala Aripaka

(Reuters) – IBM Corp reported a bigger-than-expected drop in revenue on Tuesday, hit by slowing software sales and wavering demand for mainframe servers, pointing to a bumpy recovery for the technology services giant that is in the midst of a turnaround.

Chief Executive Officer Ginni Rometty has been refocusing International Business Machines Corp toward faster-growing cloud and analytics services to lower dependence on its traditional hardware products and reverse years of revenue declines.

The Armonk, New York-based company’s overall revenue slipped 2 percent in the third quarter ended September, with almost all of its businesses missing Wall Street’s revenue estimates.

Revenue at its systems unit, which includes mainframe servers and data storage systems sold to large organizations, climbed only 1 percent, compared with a 25 percent jump in the previous quarter.

Sales growth of z14 mainframe servers, introduced about a year ago, have slowed as customers await the launch of new machines before they upgrade.

IBM’s cognitive software business, which houses artificial intelligence platform Watson, analytics and cybersecurity services, had sales of $4.15 billion, down 6 percent from a year earlier.

Seasonal factors affecting demand for software such as transaction processing platforms hurt revenue, IBM Chief Financial Officer James Kavanaugh said in an interview, adding that there were signs demand was recovering.

“We have a good pipeline in transaction processing software as we enter the fourth quarter,” he said.

IBM, which gets over 60 percent of its revenue from outside the United States, said a stronger dollar also weighed on results.

The company said it made $39.5 billion in revenue over the last 12 months from its “strategic imperatives” — high-growth businesses including cloud services that are spread across its divisions.

Overall revenue slipped to $18.76 billion, missing analysts’ average estimate of $19.10 billion, according to I/B/E/S data from Refinitiv.

Net income fell to $2.69 billion, from $2.73 billion a year earlier. On a per-share basis, earnings rose to $2.94 from $2.92 due to a lower number of outstanding shares.

Excluding one-time items, IBM earned $3.42 per share, while analysts had expected $3.40.

IBM shares were down 4.7 percent to $138.29 in extended trading. The Dow component has fallen about 8 percent this year.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Sai Sachin Ravikumar)


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The World’s Most Innovative Universities – 2018



Reuters ranked the top 100 of the world’s most innovative colleges based on advances in science and new tech.

United States continues to dominate the list, with 46 universities in the top 100. Germany and Japan are tied for second best performing country, with nine universities each.

South Korea has eight universities on the list;  China, France and the United Kingdom each have 5; Switzerland has 3; Belgium, Canada, Israel and the Netherlands have 2, and Denmark and Singapore each have 1.

Here are the top 12:

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Exclusive: U.S. senators urge India to soften data localization stance





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Swiss investigate alleged Russian cyber attack on World Anti-Doping Agency




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Tencent shuts poker platform amid widening gaming crackdown



By Pei Li and Adam Jourdan

BEIJING/SHANGHAI (Reuters) – Tencent Holdings will shut a popular Texas Hold’Em poker video game, the Chinese tech giant said to its users on Monday, in a further step to comply with intensifying government scrutiny hitting the country’s gaming industry.

Tencent said it would formally begin to shutter “Everyday Texas Hold’Em” from Monday and would closer the game’s server from Sept 25. Tencent would compensate users in accordance with regulations of Ministry of Culture.

The Shenzhen-based company, which draws a huge amount of its profit from gaming, is facing mounting challenges this year from stringent regulation and government censorship. It has had to pull one blockbuster game and seen others censured.

The company’s market value slumped by around $20 billion in one day last month over concerns that China would limit gaming after a crackdown on online games citing rising levels of myopia.

A Tencent spokesman said the plan to shutter the game was a “business adjustment” but declined to comment further.

Tencent logged its first quarterly profit decline in nearly 13 years in August, citing issues about getting popular games approved.

Founded in 1998, the firm’s main business is video games but it also runs China’s dominant social network, WeChat, with more than 1 billion users.

A person in Tencent’s gaming division, who did not want to be named because they were not authorized to speak publicly, told Reuters it was not a surprise that chess and card games were falling victim first as they were more closely associated with gambling, which is illegal in mainland China.

Texas Hold’Em is one of the most popular forms of poker, where multiple players use mind games, bluff and predict their opponents’ behavior to win money in the pot. The game originated in Texas in the early 1900s.

Last year, Tencent had to amend a gory, battle royale-style game, “Playerunknown’s Battleground”, because it “severely deviated from socialist core values”.

(Reporting by Pei Li and Adam Jourdan, Editing by Sherry Jacob-Phillips)

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Top 5 Tallest Athletes In The World



When sports buffs open a debate about the tallest athlete of all time, the first name tends to be Manute Bol.

Standing 7 feet and 7 inches, the former NBA star who played for the Washington Bullets, Golden State Warriors, Miami Heat and others is actually the second tallest NBA player of all time.

If that bit of trivia piques your interest, these are the tallest athletes in a variety of sports.

Metcalf Towered Over Rugby

Rugby is well-known for its tough guys and speedsters. But Richard Metcalf was head and shoulders above the rest.


Born in Leeds, Scotland, Metcalf was an imposing 7 feet playing on teams that included the Newcastle Falcons, Northampton Saints, Edinburgh, Scotland and The Borders.

He earned 13 Scotland caps from 2000 to 2002 and was approximately six inches taller than the average league player from 1995 to 2003.

Tallest Pro Wrestler Was A Giant

Trivia buffs routinely name Andre the Giant as the tallest professional wrestler of all time. Although he was wonderful in “The Princess Bride” film, the king of the ring was actually Jorge “Giant Gonzales.”


Andre was an imposing 7 feet 4 inches. Gonzales hit the 8-foot mark and was a former basketball player. Although drafted by the NBA Atlanta Hawks, he could not adapt to pro basketball and turned to wrestling. Born in Argentina, his pro career spanned from 1989 to 1995.

Haymakers From Above

The boxing world has seen its share of mighty mites. But none topped Russia’s Nikolai Valuev.


The 7-foot heavyweight champion won the WBA belt in 2005 after a 12-round decision over John Ruiz. From 1993 to 2009, he amassed a record of 50 wins, 2 losses and 1 no contest with 34 KOs. At 328 pounds, he also remains the heaviest heavyweight of all time.

A Tad Taller Than Bol

Yes, the tallest NBA player of all time was Gheorghe Mureșan, who also stood at 7 feet 7 inches. Official measurements put Muresan just a tad taller than Manute Bol.

Gheorghe Mureșan – NBA Record Il 14 Febbraio del 1971 nasceva nella remota regione rumena della Transilvania Gheorghe Mureșan, ovvero il giocatore più alto in assoluto ad aver mai calcato un parquet NBA. Nella stagione 1995/1996, giocata tra le fila degli allora Washington Bullets, il gigante rumeno riuscì a portarsi a casa il premio di Most Improved Player, ovvero di giocatore più migliorato rispetto alla stagione precedente, tenendo delle medie di tutto rispetto: 14,5 punti, 9,6 rimbalzi (di cui 3,3 offensivi) e 2,3 stoppate con il 58% dal campo in appena 29,5 minuti di impiego. A dispetto di quanto si possa pensare, il suo fisico è stato più un ostacolo che un aiuto per poter giocare a basket. La sua notevole mole, infatti, lo rese soggetto ad innumerevoli infortuni nel corso della sua carriera, a causa dei quali fu costretto al ritiro nemmeno trentenne. Dopo aver tentato, con poco successo a dire il vero, la carriera cinematografica, si è stabilizzato con la famiglia negli Stati Uniti, collaborando di tanto in tanto con l’area marketing degli Washington Wizards. Ad ogni modo, qualunque cosa farà nella sua vita, e fino a quando un altro super gigante non busserà alla porta della NBA, Gheorghe Muresan verrà sempre ricordato per essere il giocatore più alto (231 cm) ad aver mai giocato nella più importante lega di basket al mondo. #nba #nbahistory #gheorghemuresan #muresan #romania #washingtonbullets #1995 #hollywood #mip #basket #basketball #sports

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The Romanian star also played for the Washington Bullets in 1993. Although the pair crossed paths, they didn’t take the court together in what could have been an epic show of height.

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