Business Services

YOUNGSTOWN, Ohio – Join the Business Journal at noon on July 27 for a free live discussion, “Diversity Focus Group: Why Inclusion Matters to Valley Businesses”.

The panel can be viewed on our Facebook, LinkedIn and YouTube pages.

We’ll meet with two local black business owners – Ra’Cole Taltoan from Rockbrook Business Services and Eartha Hopkins from The Literary House – to discuss their journeys as entrepreneurs, what they see happening in the business community. owned by black people, challenges still face entrepreneurs of color and why businesses need to look at what they are doing to support a business community that has historically been underserved.

During the panel discussion, we will also discuss Youngstown Publishing Co.’s new Diversity, Equity and Inclusion Platform and what we are doing to support minority-owned businesses in our region, including the upcoming launch of a free directory.

Even though the events of 2020 shed new light on and encourage minority-owned businesses, there are still significant challenges to be overcome in being an entrepreneur of color.

A Federal Reserve report shows that only 66.4% of minority-owned businesses get at least some of their funding from banks, compared to $ 80.2 of their white counterparts. When minority-owned businesses get financing, the amounts are, on average, about $ 30,000 less than comparable white-owned businesses with about 1.4% higher interest rates.

For startups, the line between success and failure is thinner. Only 1% of black-owned businesses get commercial loans in their first year, compared to 7% of white-owned businesses. Black business owners are also turning to family member financing more often, with 14% of owners reporting having obtained family loans, compared to 9% of white business owners.

As you will read in our August issue, supporting minority-owned businesses is vital for a healthy and thriving business community. Join us July 27 at noon on our Facebook, LinkedIn and YouTube pages for our discussion of what black business owners face and what can be done to support the community of entrepreneurs of color.

Copyright 2021 The Business Journal, Youngstown, Ohio.

ARMONK, NY, July 20, 2021 – IBM has announced its second quarter 2021 results.

“In the second quarter, customer adoption of our hybrid cloud platform contributed to strong performance in global business services and software and led to improved overall revenue growth. At the same time, we have continued to help our customers integrate our AI-based technology offerings into their core workflows, ”said Arvind Krishna, President and CEO of IBM. “We are pleased with our progress and remain on track to generate full year revenue growth and meet our cash flow target. “

Strong points

Second quarter:

• Revenue of $ 18.7 billion, up 3% (fixed adjustment for divested businesses and currency)
  – Cloud & Cognitive Software up 6% (up 2% taking currency into account)
  – Global Business Services up 12% (up 7% taking currency into account)
• Net cash flow from operating activities of $ 17.7 billion and adjusted free cash flow of $ 11.0 billion in the last 12 months
• Total cloud revenue in the last 12 months of $ 27.0 billion, up 15% (up 13% including divested business and currency)
• Total cloud revenue in the quarter of $ 7.0 billion, up 13% (up 9% including divested businesses and currency) thanks to
  – Cloud & Cognitive Software cloud revenue up 29% (up 25% taking currency into account)
  – Global Business Services cloud revenue up 35% (up 30% taking currency into account)
• Red Hat revenue up 20% (up 17% after currency adjustment), normalized for historical comparability
• 48.0% GAAP gross profit margin, stable; Gross operating profit margin (non-GAAP) of 49.3%, up 30 basis points
• Debt reduction of $ 6.4 billion since the end of 2020

BPA GAAP results include impacts related to the amortization of purchased intangible assets and other acquisition-related charges, retirement-related charges, the impacts of US tax reform and transaction costs associated with the separation from Kyndryl. The impact of Kyndryl’s separation costs for the second quarter of 2021 was ($ 0.15) per share.

“We increased our operating margins and increased our profits during the quarter, making a key contribution to our cash performance,” said James Kavanaugh, senior vice president and chief financial officer of IBM. “During the first half of the year, we increased Adjusted Free Cash Flow, invested in strategic acquisitions to strengthen our hybrid cloud and AI capabilities, continued to deleverage and, in line with our commitment, again increased our dividend. “

Cash flow and balance sheet

In the second quarter, the company generated free cash flow from operating activities of $ 2.6 billion. IBM’s free cash flow was $ 1.0 billion, which includes $ 0.6 billion cash impacts from the company’s structural actions initiated in Q4 2020 and transaction costs associated with Kyndryl’s separation. IBM’s adjusted free cash flow, excluding these cash impacts, was $ 1.6 billion. The company returned $ 1.5 billion to shareholders in dividends.

In the first six months of the year, the company generated net cash from operating activities of $ 7.5 billion. Free cash flow for the first six months was $ 2.6 billion. The company’s adjusted free cash flow, excluding cash impacts of $ 1.2 billion for structural actions and transaction separation costs, was $ 3.8 billion.

Over the past 12 months, the company generated free cash flow from operating activities of $ 17.7 billion. IBM’s free cash flow for the past 12 months was $ 9.7 billion. The company’s adjusted free cash flow, excluding cash impacts of $ 1.3 billion for structural actions and transaction separation costs, was $ 11.0 billion.

IBM ended the second quarter with $ 8.2 billion in cash (including marketable securities), down $ 6.1 billion from the end of 2020 mainly due to acquisitions and payments debt reduction. Debt, including $ 17.5 billion global financing debt, amounted to $ 55.2 billion, down $ 6.4 billion from late 2020 and $ 17.9 billion since the closing of the acquisition of Red Hat.

Second Quarter Segment Results

• Cloud and cognitive software (including cloud and data platforms, cognitive applications and transaction processing platforms) – revenue of $ 6.1 billion, up 6.1 percent (up 2.5 percent after adjusting for currency). Cloud and data platforms grew 12% (up 8% considering currency), driven by the company’s hybrid cloud platform and the growth of Cloud Pak. Cognitive apps grew 12% (up 8% when factoring in currency), driven by growth in security and AI apps. Transaction processing platforms fell 7% (down 11% after adjusting for currency). Cloud revenue up 29% (up 25% including currency).
• Global Business Services (includes consulting, application management and global process services) – revenue of $ 4.3 billion, up 11.6 percent (up 7.3 percent after adjusting for currency), with growth in consulting, up 16 percent ( up 11 percent after currency adjustment), Application Management up 5 percent (up 1 percent after currency adjustment) and Global Process Services up 28% (up 25 percent) % after adjustment for currency). Cloud revenue up 35% (up 30% when factoring in currency). The gross profit margin decreased by 60 basis points.
• Global Technology Services (includes infrastructure and cloud services and technology support services) – revenue of $ 6.3 billion, up 0.4 percent (down 4.1 percent after adjusting for currency). Infrastructure and cloud services and technology support services were flat (down 4% after adjusting for currency). Cloud revenue down 1% (down 5% including currency). Gross margin up 110 basis points.
• Systems (including system hardware and operating system software) – revenue of $ 1.7 billion, down 7.3% (down 10.2% after adjusting for currency), due to declines in IBM Z (down 11%; in 13% decrease taking currency into account) and storage systems (down 7%, down 10% taking currency into account). Electrical systems fell 2 percent (down 5 percent after adjusting for currency). Cloud revenue down 16% (down 19% including currency).
• Global financing (includes financing and sale of used equipment) – revenue of $ 242 million, down 8.6 percent (down 11.6 percent after adjusting for currency).

Cumulative 2021 results

Revenue for the six-month period ended June 30, 2021 totaled $ 36.5 billion, an increase of 2% year-over-year (down 1% after adjusting for divested operations and currency) compared to $ 35.7 billion for the first six months of 2020. Net income was $ 2.3 billion, down 10% year-over-year. Diluted earnings per share were $ 2.52 compared to $ 2.83 per diluted share for the 2020 period, a decrease of 11%.

GAAP per share results include an impact ($ 1.58) per share for expenses related to the amortization of purchased intangible assets and other acquisition-related charges, retirement-related charges, US tax reform and the transaction costs associated with the Kyndryl separation. The impact of Kyndryl’s separation costs was ($ 0.20) per share.

Net operating income (non-GAAP) for the six-month period ended June 30, 2021 was $ 3.7 billion compared to $ 3.6 billion for the period of the previous year, an increase by 3%. Diluted (non-GAAP) operating income per share from continuing operations was $ 4.10, compared to $ 4.02 per diluted share for the 2020 period, an increase of 2%.

Expectations for the whole of 2021

The company expects to increase its revenue for the full year 2021 based on the exchange rates of mid-July 2021. The company continues to expect adjusted free cash flow of 11 to $ 12 billion in 2021. The adjusted free cash flow forecast excludes approximately $ 3 billion cash impacts from the company’s structural actions initiated in Q4 2020 and transaction costs associated with the Kyndryl separation .

Click here for the full announcement.

Source: IBM

BOSTON, July 20, 2021 / PRNewswire / – Today, Banjo Health is pleased to announce the signing of a multi-year partnership with AscellaHealth, a global healthcare and specialty pharmaceutical solutions company, to improve patient care by reducing Prior Authorization (PA) review times through the deployment of Banjo’s set of AI-powered PA solutions Health. With Banjo Health teaming up with an expert specialty pharmacy solutions provider that has members across all lines of business from Commercial, Medicaid and Medicare, the AI ​​company is poised for rapid growth and expansion to jointly resolve the dilemma of prior authorization.

“This partnership with Banjo Health allows AscellaHealth to continuously optimize clinical results and improve the patient journey. Streamlined practices that have been proven to work in drug turnaround times align with our patient-centered approach, ”says Dea Belazi, President and CEO, AscellaHealth.

With this partnership, Banjo Health will provide its complete PA management solution, PA Harmony, in addition to its three modular solutions from Virtuoso AI, Concerto Suite and Composer to AscellaHealth. Composer is a recently released solution that automatically generates decision trees directly from clinical guidelines from drug and therapy committees and medical review committees. AscellaHealth and Banjo Health will work in unison to improve the existing PA architecture to improve patient and provider satisfaction.

“As a growing company, we are very excited to announce this partnership with AscellaHealth and to create a path to grow and improve together in the specialty services market,” said Saar Mahna, Founder and CEO of Banjo Health.

About Banjo Health
Banjo Health is a provider of innovative healthcare technology solutions that improves existing practices through artificial intelligence (AI) with a focus on simplifying the complexities of prior authorization. Solution offers, PA Harmony, Virtuoso AI, and Concerto Suite use AI and cloud-based technologies to meet all compliance regulations across all industries to deliver an accurate, streamlined, and transparent PA process.

For more information visit https://www.banjohealth.com/

About AscellaHealth LLC
AscellaHealth is a global pharmacy and specialty healthcare services organization serving payers, providers, life sciences and patients, offering a comprehensive portfolio of personalized, technology-based specialty pharmacy and medical management services. . AscellaHealth’s unique patient-centric approach is based on proprietary technological processes for innovative programs and services that optimize health outcomes and quality of life for patients with complex chronic diseases or rare diseases requiring specialized drugs and / or gene and cell therapies. Visit www.AscellaHealth.com.

SOURCE Banjo Health

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SAN DIEGO, July 19, 2021 / PRNewswire / – Innormax, a leading business consulting, information technology and professional services companies, is proud to announce the launch of its new website at innormax.com. The new site features a streamlined and modern design, improved functionality and easy access to information essential to provide value-added services to customers and business partners.

The revamped website encompasses all Innormax services such as ERP consulting, project management and technical development for organizations around the world.

“Our new website represents our investment not only in the look and feel of Innormax, but also in the Innormax customer experience,” says Tiran Mendis, CEO of Innormax Solutions, “We are improving our communications, web connectivity and other essential online infrastructure to make our website easier to navigate and to underscore our dedication to our customers. “

The new Innormax website will be regularly updated with information on product updates, launches, regulatory changes, essential information, company milestones and useful resources. Visitors are encouraged to explore the website and to contact Innormax for any questions about their commercial offers.

About Innormax
Innormax Solutions combines industry knowledge and technology with exceptional communications to build long-term relationships. The main objective: to enable Innormax customers to unleash their power through the application of best practices and ERP tools. Innormax provides advice to help businesses increase revenue, reduce inefficiencies, reduce costs, and maximize profits.

Media contact
Tiran Mendis

INNORMAX Solutions, LLC

12707 High Bluff Street # 200

San diego, california 92130

Telephone: (619) 241-4100

E-mail: [email protected]

SOURCE Innormax

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“We are extremely honored to be recognized as the Global Learning Partner of the Year. It also confirms our belief that alignment with Microsoft as a strategic partner is critical to our business transformation, resulting in unprecedented 547% year-over-year growth across our Microsoft business as a whole. Since the creation of the ESI programm, Microsoft has provided Trainocate with the optimal platform for wider reach to many new Azure customers, empowering and empowering them with the knowledge and power to fully exploit the potential of Azure Cloud services. Winning the Global Learning Partner of the Year award will only inspire us to reach greater heights with Microsoft,” mentionned Takashi Ozawa, Chairman of the Board and Co-CEO, Trainocate Group.

The Microsoft Partner of the Year awards recognize Microsoft partners who have developed and delivered outstanding Microsoft solutions over the past year. The awards were categorized into various categories, with winners chosen from over 4,400 entries submitted from over 100 countries around the world. Trainocate Holdings has been recognized for providing outstanding solutions and services in Apprenticeship – Business Excellence.

“I am honored to announce the winners and finalists for the 2021 Microsoft Partner of the Year awards,” said Rodney Clark, Corporate Vice President, Global Partner Solutions, Channel Sales and Channel Chief, Microsoft. “These remarkable partners have demonstrated a deep commitment to creating world-class solutions for customers, from the cloud to the edge, and represent some of the best and brightest in our ecosystem. “

About Trainocate Holdings

Trainocate Holdings has over 25 years of experience as one of the most trusted IT training and professional development providers, with a strong presence in the Asia Pacific Region. Trainocate currently operates in 14 countries and regions – Singapore, Malaysia, Indonesia, Thailand, Vietnam, Philippines, Japan, India, Sri Lanka, Mainland China, Hong Kong, Taiwan, Australia and United States. Trainocate empowers individuals and organizations to embrace lifelong learning, as well as acquire digital skills to ensure competitiveness and survival in a dynamic workplace. This belief has resulted in Trainocate and Microsoft working together for half a decade, aligning their efforts to together enable global digital transformations.

For more information :

Candy Liu – Senior Marketing Executive
Mobile: (+65) 9185 1602
E-mail: [email protected]

SOURCE Trainocate Holdings

IBM has announced an agreement to acquire Bluetab Solutions Group to expand its portfolio of hybrid cloud and data consulting services. Bluetab will become a strategic part of IBM’s data services consulting practice to advance its hybrid cloud and AI strategy.

“The external digital transformation of the past is giving way to the internal potential of using company-owned data with AI and automation to drive business value and create intelligent workflows,” said Mark Foster, Senior Vice President, IBM Global Business Services. “Our acquisition of Bluetab will fuel the migration to the cloud and help our customers derive even more value from their critical data. “

Founded in 2005 and headquartered in Madrid, Bluetab has long-standing relationships with leading brands in banking, telecommunications, energy and utilities in Spain, Mexico, Peru and Colombia. . Bluetab enables large enterprises to derive more value from their data by transforming their on-premises data and analytics into multi-cloud hybrid data platforms using a combination of providers and public cloud technologies, including Red Hat OpenShift .

“The key to solving data problems for our customers has been the exceptionally talented and experienced team that we have been able to build and the value-added accelerators that we have developed,” said José Luis López, co-founder of Bluetab. . “We couldn’t be more excited about the opportunity IBM has given us to continue to grow our team, build on our accelerators, and help more customers achieve leadership positions by leveraging their data. “

Organizations deploy data and analytics to support enterprise-wide digital transformation and acceleration. By leveraging IBM Garage, a unique approach to co-create, co-execute and scale business transformation, IBM helps customers unlock and harness the value of their data, to extract information from it, to monetize it and to use this information to reinvent their workflows.

Bluetab’s expertise in data migration and cloud services includes specialized data strategy, data factory and advanced analytics. Bluetab’s highly skilled data experts will join IBM Global Business Services to capitalize on the rapidly growing opportunity in the data services market. According to Gartner, “The global data and analytics services market is expected to reach $ 123 billion in 2020, with a five-year compound annual growth rate (CAGR) of 14.6% to reach $ 232 billion in here 2024 “.

“We have been fortunate to engage and develop lasting relationships with great organizations that value innovation and share our data-driven vision for the future,” said Tom Uhart, co-founder of Bluetab. “Over the years, we’ve partnered with our customers to help them transform hybrid and multi-cloud models to unlock the value of their data assets. “

Financial details were not disclosed. The transaction is subject to customary closing conditions, including regulatory clearance, and is expected to close in the third quarter of 2021.

DUNKIRK – The Fredonia Technological Incubator will host a workshop entitled ” The recipe for success “ with Shannon Prozeller of the Cornell Food Venture Center at Cornell University from noon to 1 p.m. on Wednesday, July 28.

The 1-hour introductory workshop will teach food entrepreneurs the basics of food microbiology, processing techniques and regulatory compliance to create a viable food product that can be sold safely in the market. The workshop will take place via Zoom. To register, visit www.eventbrite.com/e/recipe-for-success-tickets-161904453579. For more information call the incubator at 680-6009 or email [email protected]

Prozeller received his Bachelor of Science in Community Health from Brockport State University. She began her career in the food industry at the Headwater Food Hub in Ontario, NY, as Director of the Good Food Collective, a year-round food membership program, also acting as Director of Food Safety and supply chain, coordinating partnerships with more than 30 farmers and producers across the Finger Lakes region. Since 2015, Prozeller has worked with food companies and entrepreneurs at Cornell’s Food Venture Center at Cornell AgriTech in Geneva; a process authority recognized by state and federal regulators, providing consultation, training, product and process analysis and review of technological feasibility and safety validation of new food products entering the market Prozeller has completed training on HACCP programs for juices, meat and seafood, SQF safety and quality systems, is a Produce Safety Alliance trainer on the FSMA product safety rule and a person qualified in preventive controls for human foods. She is currently studying for a Masters in Public Health at Cornell University.

The Fredonia Technology Incubator is an economic development program of Fredonia State University. It works with external partners to promote economic growth by supporting entrepreneurship and the development of new innovative businesses into successful business ventures. The incubator provides administrative and business services, mentoring, networking, professional advice and training opportunities such as workshops. And access to capital and work space. For more information on Fredonia Technology Incubator, visit their website at fredonia.edu/incubator, find them on Twitter @ Tech – Incubator or on Instagram @fredtechincbtr. Recordings of previous professional workshops are also available online at youtube.com/use/Techincubator214.

July 15, 2021

Preliminary estimates produced by the United States Bureau of Labor Statistics indicate that total nonfarm wage and salary employment in New Jersey increased by 16,600 in June to a seasonally adjusted level of 3,935,600. This represents the sixth consecutive month of job gains in the state’s recovering labor market, and a gain of 33,800 in the past two months.

The June increase was concentrated in the private sector (+14,300) of the state economy. New Jersey has now recovered 423,200 jobs, or about 59% of the number lost in March and April 2020 due to the coronavirus pandemic and the measures taken to respond to it. The state’s unemployment rate edged up to 7.3 percent as more residents entered the workforce in search of work. See the technical notes at the end of this release for more information on the impact of the coronavirus on this month’s employment estimates.

Based on more comprehensive employer reports, previously released estimates of total non-farm employment for May have been revised up to show an increase over the month (April to May) of 17,200 jobs. Preliminary estimates had indicated a gain during the month of 13,600 jobs. The state’s unemployment rate in May was unchanged at 7.2%.

In June, employment increases were recorded in six of the nine largest private sectors. Sectors that saw job gains during the month include trade, transport and utilities (+6,200), leisure and hospitality (+4,500), education and health services (+4,100), professional and business services (+800), financial activities (+ 300), and other services (+200). The sectors that recorded job losses are construction (-1,300), manufacturing (-800) and information (-100). During the month, public sector employment increased by 2,300 positions.

Preliminary BLS data for July 2021 will be released on August 19.

To access more business news, visit NJB News Now.

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PLEASANTON, California, July 14, 2021 / PRNewswire / – We Infosystems today announced that it has earned the Advanced Specialization Modernizing Web Applications to Microsoft Azure, a validation of the in-depth knowledge, extensive experience and proven expertise of a solution partner in Workload Migration and Modernization production web applications and the management of application services in Azure.

Only partners who meet strict criteria for customer success and staff skills, and who pass a third-party audit of their web deployment and workload management practices, including their ability to implement Azure App Service, are able to obtain Web Application Modernization for Microsoft Azure Advanced Specialization.

As businesses look to modernize their applications and take full advantage of the benefits cloud computing can offer, they are looking for a partner with advanced skills to migrate, optimize, and manage their existing web workloads to the cloud.

“Businesses are realizing the need to modernize their applications to adapt to changing customer needs. The world-class capabilities of Us on Azure Application Development Services have helped customers achieve better technology and business outcomes, ”said Ajith Pillai, CEO of Nous Infosystems. “This advanced specialization is another important milestone that demonstrates our expertise in migrating and modernizing web application workloads, implementing secure DevOps practices, and managing application services in Azure for customers. “

Rodney clark, Corporate Vice President, Global Partner Solutions, Channel Sales and Channel Chief at Microsoft added: “The Advanced Specialization Modernization of Web Applications to Microsoft Azure highlights the partners who can be considered the most competent when it comes to migration, modernization and website management. in Microsoft Azure. We Infosystems have clearly demonstrated that they have both the skills and the experience to provide a way for customers to start enjoying the benefits of being in the cloud.

About Us Infosystems

We Infosystems is a Managed Microsoft Gold Partner and CMMI level 5 SVC + SSD v1.3, ISO 9001: 2015, ISO / IEC 27001: 2013 certified global information technology company providing software solutions and services in a wide range of industries. We Infosystems has been providing quality technology outsourcing solutions to its customers for over two decades. The main offerings include digital transformation solutions, business IT consulting, application development and maintenance, business intelligence solutions, infrastructure management services, business application integration , product engineering solutions and independent testing services.

For more information, just press:

Swaroop Chandra
We Infosystems
Public relations
+1 (732) 985-9533
[email protected]

Logo: https://mma.prnewswire.com/media/1191552/Nous_Infosystems_Logo.jpg

SOURCE We Infosystems

Stock symbols
GIB.A (TSX)
GIB (NYSE)

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MONTREAL, July 13, 2021 / PRNewswire / – CGI (TSX: GIB.A) (NYSE: GIB) has signed a managed IT services contract with the international life sciences firm Nexelis. Through the agreement, Nexelis will leverage CGI’s global reach, best practices in IT modernization and its approach to accelerate business transformation.

Following the successful launch of a managed security services platform, CGI developed a three-year IT strategy to support Nexelis’ rapid growth. This IT transformation roadmap includes the delivery of comprehensive managed services for the company’s core IT infrastructure and a portfolio of business applications. Nexelis’ top transformation priorities are the upgrade and international deployment of Infrastructure Managed Services (IMS) and a Laboratory Information Management System (LIMS).

“We believe that success in our field is best achieved by a fusion of scientific discipline, human agility and customer partnership,” said Benoit Bouche, CEO of Nexelis. “CGI’s proven and comprehensive managed IT services will allow us to focus on science, which we do best, while giving us a competitive advantage as we advance our IT modernization and digitize our business. business and IT flows.

“As a trusted advisor and partner of choice for Nexelis, CGI has years of field experience managing security and core business processes in the life sciences and other industries.” , said Guy Vigeant, president of CGI operations in Canada. “We look forward to helping Nexelis create a more secure IT infrastructure as well as a strong portfolio of business applications to drive its agility, performance and growth.

About CGI
Founded in 1976, CGI is one of the largest independent IT and business consulting companies in the world. With 77,000 consultants and other professionals around the world, CGI offers a portfolio of end-to-end capabilities, ranging from strategic IT and business consulting to systems integration, managed IT and management services. business processes and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI’s reported income for fiscal 2020 is C $ 12.16 billion and CGI’s shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more about cgi.com.

About Nexelis
With unparalleled expertise in immunology, 5 operational sites in North America and Europe, and a translational service offering covering the needs of the pharmaceutical industry from the lead selection stage to the advanced clinical stage, Nexelis is a leading provider of advanced laboratory testing and testing development services in the fields infectious diseases, metabolic diseases and oncology. Our versatile team of scientists, working with our cutting-edge technology platforms, have been instrumental in the development, qualification, validation and testing of large-scale assay samples that supported filing with the FDA of nearly 100 new molecular entities, including successful vaccines and biologics, antiviral drugs, immunotherapy, gene and cell therapy products.

SOURCE CGI inc.

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