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International Business Machines Corporation (IBM - Free Report) recently announced that Praktiker, a home DIY retail chain based in Bulgaria has tripled both its online sales and in-store purchases since its adoption of the company’s omnichannel commerce solution five months ago.
Praktiker’s new website features an online catalogue of more than 40,000 items providing useful information to the end user. The website has been viewed by 750,000 unique users since its launch. Notably, the average number of visits has tripled from approximately 1500 per day initially to 5000 per day at present.
Adoption of IBM’s omnichannel commerce solutions namely WebSphere Commerce (for both for B2B and B2C) and Sterling Order Management (for providing insights on supply and demand, order fulfillment processes) by retail merchants has increased in recent times.
We expect that the growing adoption of IBM solutions (retail, Watson) will continue to boost the top line.
Notably, shares of IBM gained 0.43% on Tuesday. The stock has outperformed the Zacks Computer - Integrated Systems industry on a year-to-date basis. While the industry gained only 3.9% during the period, the stock appreciated 5.1%
Is IBM Poised to Benefit?
We note that competition is intensifying in the software solutions space with the presence of major players such as salesforce.com’s (CRM - Free Report) Salesforce Commerce Cloud, SAP SE’s (SAP - Free Report) SAP Hybris and Oracle’s (ORCL - Free Report) Oracle Commerce.
We believe that the ongoing adoption trend for IBM’s software solutions platforms augurs well for the company in the long run.
As of the last reported quarter, IBM’s Cognitive Solutions (solutions software and transaction processing software) revenues grew 1.4% on a year-over-year basis (up 2.2% at constant currency) to $5.30 billion.
International Business Machines Corporation Revenue (TTM)
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IBM's Solutions Drive Bulgaria-based Praktiker's Sales
International Business Machines Corporation (IBM - Free Report) recently announced that Praktiker, a home DIY retail chain based in Bulgaria has tripled both its online sales and in-store purchases since its adoption of the company’s omnichannel commerce solution five months ago.
Praktiker’s new website features an online catalogue of more than 40,000 items providing useful information to the end user. The website has been viewed by 750,000 unique users since its launch. Notably, the average number of visits has tripled from approximately 1500 per day initially to 5000 per day at present.
Adoption of IBM’s omnichannel commerce solutions namely WebSphere Commerce (for both for B2B and B2C) and Sterling Order Management (for providing insights on supply and demand, order fulfillment processes) by retail merchants has increased in recent times.
We expect that the growing adoption of IBM solutions (retail, Watson) will continue to boost the top line.
Notably, shares of IBM gained 0.43% on Tuesday. The stock has outperformed the Zacks Computer - Integrated Systems industry on a year-to-date basis. While the industry gained only 3.9% during the period, the stock appreciated 5.1%
Is IBM Poised to Benefit?
We note that competition is intensifying in the software solutions space with the presence of major players such as salesforce.com’s (CRM - Free Report) Salesforce Commerce Cloud, SAP SE’s (SAP - Free Report) SAP Hybris and Oracle’s (ORCL - Free Report) Oracle Commerce.
We believe that the ongoing adoption trend for IBM’s software solutions platforms augurs well for the company in the long run.
As of the last reported quarter, IBM’s Cognitive Solutions (solutions software and transaction processing software) revenues grew 1.4% on a year-over-year basis (up 2.2% at constant currency) to $5.30 billion.
International Business Machines Corporation Revenue (TTM)
International Business Machines Corporation Revenue (TTM) | International Business Machines Corporation Quote
Solutions software growth was driven primarily by analytics. (Read More: IBM Corp (IBM - Free Report) Beats on Q4 Earnings; FY17 View Positive).
Zacks Rank
At present IBM has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>