Flash Report 2 minutesRegister for Free AccessIBM Investor Briefing: Red Hat Enables Cloud-Native Software to Run on Any Platform; Updates Guidance Coresight Research August 6, 2019 Executive SummaryOn August 2, 2019, IBM held an investor briefing to detail plans for its acquisition of Red Hat and provide a guidance update. IBM has transformed its software to be cloud-native and run on any cloud platform by leveraging the technology of recently acquired Red Hat. The company stated that enterprises can build mission-critical applications and run them on all leading public or private cloud platforms. IBM also announced the availability of its OpenShift foundation for building containerized applications on IBM Cloud, IBM Z and LinuxONE, in addition to related consulting and technology services for Red Hat. IBM expects the acquisition to add 200 bps to revenue growth over the next five years, but to also dilute 2019 EPS to at least $12.80 from at least $13.90 previously, to be less dilutive in 2020 and be accretive to operating EPS in 2021. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Home and Home-Improvement Retail: Key Factors Influencing US ShoppersWeinswig’s Weekly: New Year’s Resolutions for Retail in 2024August 2023 US Retail Traffic and In-Store Metrics: Apparel Sector Registers Strongest Growth Amid Store-Based Traffic DeclineEarnings Insights 1Q23, Week 6: Five Below, Lululemon and PVH Post Strong Results; Capri Holdings, Macy’s and Nordstrom See Sales Decline