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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 ...
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 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 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.
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.
And as World War II began, a similar regime came into being, with the Nazi government of Germany appointing custodians over foreign companies, including IBM. There were also sometimes management changes. For example, IBM's German subsidiary Dehomag got the notable Dr Edmund Veesenmayer, who, amongst other things, oversaw the holocaust in ...
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 ...
International Business Machines Corporation (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card-based data tabulating machines and time clocks.