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IBM's AI book is dominated by its consulting business, which accounts for about 80% of it. Software forms the rest. But revenue from the consulting segment fell about 2% to $5.2 billion in the ...
After all, IBM says it generated $12.7 billion in positive free cash flow in 2024 -- twice its reported $6 billion in GAAP net income. And profit margins are ticking up as well. And profit margins ...
Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2023. [1] All data in the table is taken from the Fortune Global 500 list of technology sector companies for 2023 [2] unless otherwise specified.
Profits (USD millions) 1 Apple: Electronics 96,995 2 Berkshire Hathaway: Conglomerate 96,223 3 Alphabet: Technology 73,795 4 Microsoft: Technology 72,361 5 JPMorgan Chase: Financials 49,552 6 Meta Platforms: Technology 39,098 7 ExxonMobil: Petroleum industry 36,010 8 Johnson & Johnson: Pharmaceutical industry 35,153 9 Amazon: Retail/Technology ...
IBM's Global Technology Services unit, its biggest business by revenue that includes infrastructure, cloud and technology support services, reported a 6.7% drop in revenue to $6.84 billion ...
IBM SoftLayer is a dedicated server, managed hosting and cloud computing provider, which in 2011 reported hosting more than 81,000 servers for more than 26,000 customers. [152] IBM also provides Cloud Data Encryption Services (ICDES), using cryptographic splitting to secure customer data. [153]
IBM (NYSE: IBM) on Thursday raised its full-year outlook and reported higher-than-expected quarterly profit as its growing focus on higher-margin software and services businesses helped it cope ...
Reporting its Q4 and 2012 results today,IBM (NYSE: IBM) posted net income of $5.8 billion, or $5.13 per share, on a diluted basis. That was a 6% improvement over the same period the previous year.