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114

International Business Machines

Graham Carlow
  • Previous Rank92
  • Country
    U.S.
  • Revenues ($M)$79,591.00
  • Revenue Percent Change0.6%
  • Profits ($M)$8,728.00
  • Profits Percent Change51.7%
  • Assets ($M)$123,382.00
  • Employees381,100

In 2018, IBM accomplished a feat that had eluded it since Ginni Rometty became CEO in 2012: annual revenue growth. The Armonk, N.Y. tech giant generated $79.6 billion last year, up 1% from the year prior. Big Blue has spent the past several years turning an existential corner. IBM has shed dwindling divisions as it has plowed many billions of dollars into cloud computing, artificial intelligence, and cybersecurity for business. It has spent many more to acquire leading practitioners in those categories, topped by its $34 billion deal for business software maker Red Hat, the largest buy in IBM’s 108-year history. Such sweeping efforts appeared to pay off in 2018: IBM’s cloud business reached $19.2 billion, up 12% year over year, and its analytics business totaled $21.7 billion, up 5% for the year. (Elsewhere, security was up 28%, to $4.1 billion.) Will IBM’s relative success last? Investors seem to be suspending judgment—at least for now. The race continues.

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Company Information

CEO
Virginia M. Rometty
Sector
Technology
Industry
Information Technology Services
HQ Location
Armonk, N.Y.
Websitehttps://www.ibm.com
Years on Global 500 List25
Employees381,100

International Business Machines Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$79,591.000.6%
Profits ($M)$8,728.0051.7%
Assets ($M)$123,382.00-
Total Stockholder Equity ($M)$16,796.00-

Profit Ratios

Profit as % of Revenues11%
Profits as % of Assets7.1%
Profits as % of Stockholder Equity52%