at the dRC unless otherwise advertised. Contact Tanya Stephens at firstname.lastname@example.org ; or 540/373-2559. Youth Transition SAIL Classes, for students with disabilities between 17 and 21 years old and in the last two years of high school, help members learn about and plan for life after high school and meets Wednesdays from 6 to 8 p.m. at the dRC. For information or an application contact Linda Galloway at email@example.com ; or call 540/373-2559. NONPROFITS CAN APPLY FOR REC FUNDS Operation Round Up funds are now available from Rappahannock Electric Cooperative. Nonprofit organizations and charities are encouraged to apply. More than 10,000 members of REC voluntarily allow the Cooperative to round up their electric payment to the nearest dollar, with that extra change contributed to Operation Round Up. click here for moreDozens of local non-profit organizations have received funding from the program since its inception in 2005. This funding has made a significant impact on improving community services, economic development, education and emergency response in RECs service territory.
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In a statement about the earnings, chairman and CEO Ginni Rometty claimed that the results of the past year established IBM as “the industry’s leading cognitive solutions and cloud platform company.” She credited IBM Watson and IBM Blockchain as two areas for growth. “More and more clients are choosing the IBM Cloud because of its differentiated capabilities, which are helping to transform industries, such as financial services, airlines and retail,” Rometty added. In the group of businesses centered around cloud, mobile and analytics that IBM calls its “strategic imperatives,” Big Blueincreased revenue by 13% to $32.8 billion. Cloud revenue itself grew 35% to $13.7 billion. The company slightly raised its full-year earnings expectations for 2017 to non-GAAP EPS of at least $13.80. IBM’s segment results were roughly on par with what analysts expected in its Cognitive Solutions group, which grew 1.4% and 2.2% in constant currency, an expected boost for its IBM Watson unit as it brings in more recurring revenue from scale. IBM’s consulting business called its Global Business Services, meanwhile, continued to bleed money with revenue of $4.1 billion, a 4.1% or 3.6% loss in constant currency about on par with anticipations. Infrastructure services grew modestly at 1.7% or 2.4% in CC, while the Systems group of hardware dropped 12.5% or 12.1% in CC at $2.5 billion. Why the drop-off in the stock despite the beat and Rometty declaring victory in the quarter?
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