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IBM Strengthens USTA Collaboration With 5-Year Renewal Deal

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The 30-year longstanding partnership between International Business Machines (IBM - Free Report) and the United States Tennis Association (“USTA”) has been renewed for five years. Both organizations have a longstanding collaboration and deliver a state-of-the-art platform that provides unparalleled, first-of-its-kind fan experiences through hybrid cloud and AI technologies.

The USTA and IBM iX, which is the experience design arm of IBM Consulting, have worked to develop and design the updated website and app, enabling fans across the world to mark their favorite players and curate their digital experience based on their own selections. Relevant and contextual content and insights have been redeveloped through the updated Scores, Schedule, Draws and Players sections.

The innovative solutions have been brought about by IBM Cloud and Red Hat OpenShift. The flexibility and adaptability of the cloud provide quick innovation each year, with the help of IBM developers who can develop code containing new features.

 

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For this year’s US Open, users will be able to register their own predictions for match outcomes on the US Open app and USOpen.com with the help of the ‘Have Your Say’ function. Further, they will be able to compare their predictions with the aggregated predictions of other fans and the AI-powered Likelihood to Win generated by IBM. The US Open mobile app also introduces a new toggled state called “At the Open” which specifically caters to attendees watching the match. ‘At the Open’ has been developed to provide fans with all their requirements to optimize their visit, including ticket access management, mobile food ordering, ground maps and curated content which outlines each day’s events.

The stock has witnessed no movement in the past year against the industry’s decline of 8%.

IBM currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Arista Networks, Inc. (ANET - Free Report) is a better-ranked stock in the broader Zacks Computer and Technology sector, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 8.7% over the past seven days.

Arista delivered a trailing four-quarter earnings surprise of 10.1%, on average. It has gained 44.7% in the past year.
    
Axcelis Technologies, Inc. (ACLS - Free Report) , sporting a Zacks Rank #1, is another solid pick for investors. The consensus estimate for current-year earnings has been revised upward by 6.6% over the past seven days.

Axcelis delivered a trailing four-quarter earnings surprise of 25%, on average. It has appreciated 76.6% in the past year.

Rambus Inc. (RMBS - Free Report) , sporting a Zacks Rank #1, is another solid pick for investors. The consensus estimate for current-year earnings has been revised upward by 4.5% over the past seven days.
Rambus delivered a trailing four-quarter earnings surprise of 5.3%, on average. It has appreciated 21.5% in the past year.

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