News recap: International Business Machines Corp. (NYSE:IBM), Lexmark International Inc (NYSE:LXK)

On Monday, shares of International Business Machines Corp. (NYSE:IBM), included1.48 % and shut at $162.77 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $160.37 and $163.00. IBM (NYSE: IBM) recently declared that it is adding four new cloud data centers infused with cognitive intelligence in the UK, to keep pace with growing client demand. The investment in the new facilities underscores IBM’s long-standing commitment to providing innovative solutions to the UK market and triples its cloud center capacity in the UK.

“We are already among the most digitally connected countries in the world, with a globally successful digital economy worth more than £118billion a year and strong cyber security defences to protect consumers and business,” said Matt Hancock, Minister of State for Digital and Culture. “Recently’s declarement by IBM is a further boost for this thriving area, and another vote of confidence which shows Britain is open for business. These new cloud data centers will assist our firms work smarter and quicker to become the world-leading businesses of tomorrow.”

Shares of Lexmark International Inc (NYSE:LXK), added 0.62 % and shut at $40.45 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $40.17 and $40.46. The association’s commercial center capitalization is $2.54 Billion with the general uncommon loads of 62.91 million. Lexmark International, Inc., together with its auxiliaries, develops, manufactures, and supplies printing, imaging, device administration, managed print services (MPS), document workflow, and business process and content administration solutions worldwide. It operates through two segments, Imaging Solutions and Services (ISS), and Enterprise Software. The ISS segment offers a portfolio of color and monochrome laser printers and laser multifunction products, and dot matrix printers, in addition to various cartridges, service parts, and other supplies for use in the installed base of laser, inkjet, and dot matrix printers. It also provides maintenance, consulting, and systems integration services, in addition to MPS offerings, such as asset lifecycle administration, implementation and decommissioning services, consumables administration, remote device monitoring and administration, and business process optimization services.

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