Yahoo Finance IBM and EY Expand Alliance to Ease Workforce Challenges
International Business Machines Corporation IBM and EY recently set up Talent Center of Excellence (COE) to help organizations worldwide overcome some of the most pressing workforce challenges by navigating this new talent landscape via digital innovation and greater resilience. This expanded alliance will merge the EY Organization and Workforce, Mobility and HR Transformation business solutions with IBM Talent Transformation business and hybrid cloud and AI capabilities.
The COE, offering aids in areas like regulatory compliance, digital trust and security to help clients leverage the cloud at scale, will be a centralized virtual hub. Built with Red Hat OpenShift, it will be available on the IBM cloud. The organizations will now be able to focus on cost reduction and resilience and, at the same time, remain competitive in the digital age. Additionally, the clients will be able to overcome the urgent need to attract, retain and improve their workforce while transforming their HR function.
Using the human resource data and market metrics, IBM’s talent acquisition consulting services deliver better experiences and more predictable outcomes throughout the hiring cycle. Studying the hiring patterns of an organization allows IBM to design dynamic, intelligent workflows for the human resources operation model. The predictive workforce can make a more consistent and engaging candidate experience.
IBM is poised to gain from strong demand for hybrid cloud and AI, driving growth in Software and Consulting. The company’s growth is expected to be driven primarily by analytics, cloud computing and security in the long haul. A combination of a better business mix, improving operating leverage through productivity gains and increased investment in growth opportunities will drive profitability.
Image Source: Zacks Investment Research
IBM has lost 8.8% over the past year compared with the industry’s decline of 16.1%.
It currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coupa Software Incorporated COUP is a better-ranked stock in the broader Zacks Computer and Technology sector, carrying a Zacks Rank #2 (Buy). Coupa Software has a long-term earnings growth expectation of 22.32%.
Coupa Software’s smart and efficient spend-control programs that provide enhanced reporting and analytics have been the primary reason behind its expanding clientele.
SAP SE SAP, carrying a Zacks Rank #2, is a key pick for stock investors. SAP has a long-term earnings growth expectation of 5.89%.
SAP, with its Rise with SAP solution, was adopted by clients, including Accenture, Canon Production Printing, Exide Industries Limited, NEC Corporation, Qinqin Food, Rising Auto and TELUS.
Silicon Motion Technology SIMO also carries a Zacks Rank #2. It has a long-term earnings growth expectation of 9%, with an earnings surprise of 1.05% on average in the trailing four quarters.
Silicon Motion has established itself as the leading merchant supplier of client SSD controller to module makers, including most leaders in the United States.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
International Business Machines Corporation (IBM) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report
Coupa Software, Inc. (COUP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
