IBM acquires Waeg, a Salesforce Consulting Partner in Europe

  • To extend the company's portfolio of Salesforce services and advance hybrid cloud and AI strategy, IBM (NYSE: IBM ) has acquired Waeg, a leading Salesforce Consulting Partner in Europe.
  • "Salesforce continues to play a critical role in companies' digital transformations as they adapt to the conditions created by the pandemic. Trust is the new currency of customer and employment engagement, and every touchpoint is an opportunity to personalize the relationship," said Mark Foster, Senior Vice President, IBM Services and Global Business Services. "Waeg's strength in Salesforce consulting services will be key to creating intelligent workflows that allow our clients to keep pace with changing customer and employee needs and expectations."
  • The acquisition will deepen IBM 's investments in hybrid cloud and AI to manage complex integrations and unify people, processes and technology.
  • Deal terms were not disclosed. The transaction is expected to close this quarter.

    For this year the company from Armonk could earn a total revenue around 74.38 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 73.62 billion USD.

    Historical revenues and results IBM plus estimates 2020

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    The analysts expect for 2021 a net profit of 9.78 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 10.9 USD. The price/earnings-ratio is then 13.14.

    Huge dividend IBM

    Per share the analysts expect a dividend of 6.66 USD per share. IBM 's dividend yield thus equals 4.65 percent. The average dividend yield of the hardware & equipment companies equals an attractive 1.61 percent.

    Latest estimates around 23 USD

    Barclays , Societe Generale and UBS recently provided recommendations for the stock.

    IBM 's market capitalization is based on the number of outstanding shares around 127.03 billion USD. The IBM stock was the past 12 months quite volatile. Since last May the stock is even 24 percent higher. This year the stock price moved between 106 and 149 dollar.

    Historical stock prices IBM

    stock price ibm

    At 15.30 the stock trades 0.08 percent lower at 143.19 USD.

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