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81

IBM

IBM

U.S.

Another quarter, another revenue slide for the tech behemoth. Indeed, IBM reported its twentieth straight quarter of declining sales, which puts CEO Ginni Rometty squarely in the hot seat. A longtime employee of the company, Rometty is working to shift attention away from IBM’s declining businesses and toward its “higher value” opportunities, including cloud computing, artificial intelligence, mobility, analytics, and security. (The company has made several acquisitions to that end.) But 104-year-old IBM is a big ship to turn, and it’s going to take more than green shoots in its cognitive computing division to change course.

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CEO

Virginia M. Rometty

Sector

Technology

Industry

Information Technology Services

HQ Location

Armonk, NY

Years on Global 500 List

23

Employees

414,400

IBM is also featured in these fortune lists
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$79,919-3.1%
Profits ($M)$11,872.0-10.0%
Assets ($M)$117,470
Total Stockholder Equity ($M)$18,246
Profit Ratios
Profit as % of Revenues14.9%
Profits as % of Assets10.1%
Profits as % of Stockholder Equity65.1%
STOCK QUOTE
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