12 Best Big Data Stocks To Buy According to Hedge Funds

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6. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 56

The tech giant International Business Machines Corporation (NYSE:IBM) provides integrated solutions and services worldwide. The firm operates through the Software, Consulting, Infrastructure, and Financing segments. IBM was incorporated in 1911 and is headquartered in Armonk, New York.

IBM offers a comprehensive, integrated, and industrial-strength big data platform that addresses the full spectrum of big data business challenges. The IBM big data platform has distinct advantages. It is designed to be a complete platform for managing and analyzing the volume, variety, and velocity of big data, boasts enterprise-class capabilities, provides users visualization tools to explore all available data for ad hoc analysis, and integrates analytic engines optimized for big data, as well as pre-built accelerators for industry-specific and cross-industry applications. It also helps organizations understand their data, improve it, and then allow business users to act on it.

The firm’s third-quarter performance was driven by broad-based growth in the Software segment which represents nearly 45% of the total revenue. The firm recorded revenue of $15.0 billion, up 1 % over the year. Software revenue was up 10%, Consulting revenue remained flat, while Infrastructure revenue and Financing revenue declined, year-over-year. The cash flow was strong as IBM generated net cash from operating activities of $9.1 billion for the first nine months of the year.

Clients globally are increasingly turning to IBM to transform their operations with technology. The firm recently announced new collaborations with NatWest, Telefonica, Samsung SDS, and Toyota Systems among other companies. Simultaneously, the firm continues to strengthen its relationships with key technology partners such as Dell, Intel, Microsoft, Oracle, Salesforce, SAP, and ServiceNow.

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