The US tech company said on Tuesday that it had signed a multiyear contract with AT&T worth “billions of dollars” for a range of cloud and other technologies that included the Red Hat products, though it would not provide more precise details. Ginni Rometty, the IBM chief executive who has gambled on Red Hat reviving growth after years of contraction, claimed the contract was an early sign that the strategy was working. “This is a vindication of the value of the hybrid cloud, and the value of Red Hat,” Ms Rometty said. The telecommunications giant was already using Red Hat technology and has been one of IBM’s biggest customers for the past two decades. Ms Rometty said the effects of the AT&T contract would be felt across IBM’s operations, reflecting the broad impact it hoped to get from the Red Hat deal.

Source: The Irish Times July 16, 2019 15:11 UTC