Saudi Payments selects Mastercard (MA) to assist in unveiling the region's instant payments system, 'sarie'.
International Business Machines (NYSE: IBM) didn't disappoint when it announced its first-quarter results on Monday. IBM offers a public cloud platform similar to market leaders Amazon Web Services and Microsoft Azure, but the company's main focus is on hybrid cloud computing. IBM is betting that its base of large customers will benefit from mixing on-premises hardware and public cloud services, instead of simply going all-in on public cloud.
IBM (IBM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.