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IBM to Unveil Cloud Multizone Region for Canada-Based Clients
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International Business Machines Corporation (IBM - Free Report) recently announced the expansion of its cloud operations in Canada with the opening of a new Cloud Multizone Region (MZR) in Montreal, Quebec.
IBM highlighted that a secure cloud platform will aid its Canada-based clients in complying with stringent regulatory guidelines and utilize innovative technologies like Generative AI.
The state-of-the-art facility encompasses three Availability Zones as “isolated locations” within a single data center/cloud infrastructure platform. These are specifically engineered to provide steady cloud services to help clients process critical workloads smoothly.
IBM highlighted the positive impacts of MZR on the local economy in Montreal and across Quebec. The advanced Cloud infrastructure is likely to aid in fostering digital transformation with sustained economic development across the province.
The newest addition to IBM Cloud's delivery of global next-generation MZRs and data centers is committed to providing secure and resilient cloud services. Montreal MZR is slated to open in the first half of 2025.
Furthermore, IBM Montreal MZR will allow its clients to adhere to data sovereignty and regulatory compliance requirements by deploying AI and mission-critical workloads with enhanced security solutions.
The MZR facility will be powered by renewable electricity. Clients will also have access to MZR’s hybrid cloud capabilities, including access to IBM Power Virtual Server and VMware as a Service, in addition to SAP and HPC as a Service.
Headquartered in Armonk, NY, IBM is a provider of cloud and data platforms. In addition, it offers advanced information technology solutions, computer systems, quantum computing and supercomputing solutions, enterprise software, storage systems and microelectronics. It primarily operates under four segments - Software, Consulting, Infrastructure and Financing.
In the last reported quarter, IBM posted healthy performance backed by strength across hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth. Its quarterly revenues of $17,381 million beat the consensus estimate of $17,279 million.
The stock has gained 44.9% in the past year compared with the industry's growth of 33.7%.
Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which appears to be one of the best ad platforms for consumer discretionary brands looking for ways to reach customers and stretch smaller ad budgets.
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 13.3%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
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IBM to Unveil Cloud Multizone Region for Canada-Based Clients
International Business Machines Corporation (IBM - Free Report) recently announced the expansion of its cloud operations in Canada with the opening of a new Cloud Multizone Region (MZR) in Montreal, Quebec.
IBM highlighted that a secure cloud platform will aid its Canada-based clients in complying with stringent regulatory guidelines and utilize innovative technologies like Generative AI.
The state-of-the-art facility encompasses three Availability Zones as “isolated locations” within a single data center/cloud infrastructure platform. These are specifically engineered to provide steady cloud services to help clients process critical workloads smoothly.
IBM highlighted the positive impacts of MZR on the local economy in Montreal and across Quebec. The advanced Cloud infrastructure is likely to aid in fostering digital transformation with sustained economic development across the province.
The newest addition to IBM Cloud's delivery of global next-generation MZRs and data centers is committed to providing secure and resilient cloud services. Montreal MZR is slated to open in the first half of 2025.
Furthermore, IBM Montreal MZR will allow its clients to adhere to data sovereignty and regulatory compliance requirements by deploying AI and mission-critical workloads with enhanced security solutions.
The MZR facility will be powered by renewable electricity. Clients will also have access to MZR’s hybrid cloud capabilities, including access to IBM Power Virtual Server and VMware as a Service, in addition to SAP and HPC as a Service.
Headquartered in Armonk, NY, IBM is a provider of cloud and data platforms. In addition, it offers advanced information technology solutions, computer systems, quantum computing and supercomputing solutions, enterprise software, storage systems and microelectronics. It primarily operates under four segments - Software, Consulting, Infrastructure and Financing.
In the last reported quarter, IBM posted healthy performance backed by strength across hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth. Its quarterly revenues of $17,381 million beat the consensus estimate of $17,279 million.
The stock has gained 44.9% in the past year compared with the industry's growth of 33.7%.
IBM carries a Zacks Rank #2 (Buy) at present.
Image Source: Zacks Investment Research
Other Stocks to Consider
Pinterest (PINS - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, it delivered an earnings surprise of 3.92%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which appears to be one of the best ad platforms for consumer discretionary brands looking for ways to reach customers and stretch smaller ad budgets.
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 13.3%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.