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International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, [6] is an American multinational technology company headquartered in Armonk, New York and present in over 175 countries. [7] [8] It is a publicly traded company and one of the 30 companies in the Dow Jones Industrial Average.
Companies have prioritized spending on longer-term consulting projects centered on their AI businesses - revenue from which is yet to be reflected in IBM's books. IBM reported revenue of $15.77 ...
IBM reported revenue rose 4% last quarter, driven in part by demand for its AI products and services as well as its hybrid cloud. The computing giant also said free cash flow will improve this year.
IBM shares, however, fell 3% after the company stayed away from issuing a forecast for the current quarter, citing uncertainty around a global economic recovery due to the COVID-19 pandemic.
IBM logo. IBM has undergone a large number of mergers and acquisitions during a corporate history lasting over a century; the company has also produced a number of spinoffs during that time. The acquisition date listed is the date of the agreement between IBM and the subject of the acquisition.
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 ...
In January 2018, she announced IBM's first quarter of year-over-year revenue increase since 2012, with particular growth in areas such as data, blockchain, and the cloud. [32] By 2018, she stated that around half of IBM's 9,043 patents in 2017 were in AI, cloud computing, cybersecurity, blockchain and quantum computing. [33]
International Business Machines (IBM) Q3 results reflect steady adoption of the company's hybrid cloud business.