IBM’s quarterly revenue falls 1.3 percent

International Business Machines Corp forecast full-year earnings above Wall Street estimates and reported better-than-expected quarterly revenue, helped by growth in newer areas such as cloud-based services and analytics. The Armonk, New York-based company forecast adjusted earnings of at least $13.80 per share for fiscal 2017, beating the average analyst estimate of $13.74, according to Thomson Reuters I/B/E/S.

Schaeffler and IBM Sign Watson IoT Partnership for New Industrial Era

Armonk, NY, and Ehningen, Germany - 03 Oct 2016: Schaeffler, one of the world's leading automotive and industrial suppliers, has signed a multi-year strategic partnership agreement with IBM to accelerate the digital transformation of its entire operations and customer solutions using Watson's cognitive intelligence and insight from billions of sensors that make up the Internet of Things . Schaeffler manufactures millions of precision-engineered products that help to keep the world's machines moving from those that go into automotive clutch systems, to those in hybrid engines and the huge industrial bearings used in wind turbines.