Does IBM still make money?
IBM generated around 62 billion U.S. dollars in revenue in 2023, an increase of around 1.5 billion U.S. dollars on the previous year. The firm's yearly revenue has trended downward over the past decade, having previously exceeded the 100 billion U.S. dollar mark.
Does IBM make anything anymore?
IBM focuses now on offering primarily network services, application services, cloud services, digital workplace services, business processes and operations, technology consulting services, and AI services.
How is IBM doing financially?
For the year, IBM generated $61.9 billion in revenue, up 3% at constant currency, and $11.2 billion of free cash flow, up $1.9 billion year-over-year. We experienced growing demand for our new watsonx platform, marked by thousands of client interactions.
Is IBM still a viable company?
IBM is one of a handful of stocks that have increased their value in each of the last 3 years, but that still wasn't enough for it to consistently beat the market. Returns for the stock were 6% in 2021, 5% in 2022, and 16% in 2023.
What is happening with IBM?
IBM is announcing that it has signed a definitive agreement to acquire Modern Systems and other application modernization capabilities from Advanced, bringing a combination of talent, tools... “IBM applauds EU negotiators for reaching a provisional agreement on the world's first comprehensive AI legislation.
What caused the downfall of IBM?
Instead, the company squandered R&D on building a larger mainframe. Second, IBM shifted its relationships with customers and lost touch with their interests and concerns. Thus a partial explanation of IBM's difficulties is that its profit margins on mainframes declined precipitously.
Is IBM bigger than Apple?
Apple is an enormous component of the S&P 500, but IBM was once far larger. With a market cap just over $730 billion, Apple (AAPL -0.81%) is the largest company in corporate history.
Is IBM financially stable?
IBM is one of a handful of stocks that have increased their value in each of the last 3 years, but that still wasn't enough for it to consistently beat the market. Returns for the stock were 6% in 2021, 5% in 2022, and 16% in 2023.
How much debt is IBM in?
Total debt on the balance sheet as of December 2023 : $59.93 B. According to IBM's latest financial reports the company's total debt is $59.93 B. A company's total debt is the sum of all current and non-current debts.
What is IBM's biggest product?
Software has become IBM's single biggest source of revenue as the company turns up the heat on hybrid cloud computing. Its consulting business is still sizable, but it's a distant second now, with infrastructure (hardware) running a close third in terms of sales. Data source: IBM.
Who is the biggest competitor of IBM?
IT Services: IBM's main competitors are Accenture, Hewlett Packard, and Wipro Technologies. Infrastructure Software: IBM's biggest competitors are Microsoft, Oracle, and Amazon. Hardware: IBM mainly competes against Oracle, Dell, and HP.
Who owns IBM now?
The ownership structure of International Business Machines (IBM) stock is a mix of institutional, retail and individual investors. Approximately 36.70% of the company's stock is owned by Institutional Investors, 0.39% is owned by Insiders and 62.91% is owned by Public Companies and Individual Investors.
Does IBM have a future?
IBM expects 2024 revenue to grow in the mid-single-digits, at around 4%-6%, compared with Wall Street expectations of about 3%, according to LSEG data. "Technology budgets should stay in line with 2023 going into '24," CEO Krishna said on a post-earnings call.
Is IBM making a comeback?
Here Are 3 Reasons Why. Investors who wrote off International Business Machines (NYSE: IBM) after years of decline and stagnation may need to take another look. The 112-year-old company has worked to return itself to the cutting edge of today's technology industry.
Is IBM laying off employees 2024?
Tech giant IBM (IBM) is cutting jobs in its marketing and communications division. Big Blue is attempting to play catch-up with rivals in the enterprise AI arena. The IBM layoffs have occurred amid a complex debate.
Is IBM laying off employees?
IBM has joined list of 204 tech companies who announced job cuts this year. As per Layoffs. fyi website, so far 204 tech companies have cut jobs affecting 49,978 employees.
What was IBM's big mistake?
IBM had many regulation issues back then with their monopolistic position. They decided not to have exclusivity over the operating system. That decision would prove to be a costly mistake, maybe the biggest ever made.
What is IBM accused of?
Xinuos sued International Business Machines Corp in Virgin Islands federal court on Wednesday, alleging IBM stole source code related to its server operating system software and used it to improve its competing product and corner the market.
Did IBM own Lenovo?
IBM also acquired an 18.9% share of Lenovo in 2005 as part of Lenovo's purchase of IBM's personal computing division. In the years following the deal, IBM sold their stake in Lenovo, with a final sale in 2011 completing their divestment.
What is the richest company in the world?
After a strong start to 2024, Microsoft (NASDAQ:MSFT) is the most valuable company in the world. It passed longtime rival Apple (NASDAQ:AAPL) in January, when it also became just the second company to reach a market capitalization of $3 million. Seven of the largest companies have a market cap of at least $1 trillion.
Who is richer Disney or Apple?
Going by net worth (assets minus liabilities), Disney (at $122.18 billion) is twice as rich as Apple (at $65.34 billion). Going by market capitalization (the total market value of all outstanding stock at current market price), Apple (at $2.08 trillion ) is seven times richer than Disney (at $308 billion).
Is IBM still a top tech company?
With a focus on enterprise solutions, cloud computing, AI and consulting, IBM has consistently pushed the boundaries of technology, helping businesses worldwide achieve their digital transformation goals and pioneering groundbreaking research in various fields.
Are IBM employees happy?
The employee experience below at IBM, compared to a typical company. 72% of employees at IBM say it is a great place to work compared to 57% of employees at a typical U.S.-based company.
Does IBM have a lot of debt?
IBM long term debt for 2023 was $50.121B, a 8.51% increase from 2022. IBM long term debt for 2022 was $46.189B, a 2.83% increase from 2021. IBM long term debt for 2021 was $44.917B, a 17.15% decline from 2020.
Is IBM debt free?
IBM's free cash flow was $11.2 billion, up $1.9 billion year to year. IBM ended the fourth quarter with $13.5 billion of cash and marketable securities, up $4.6 billion from year-end 2022. Debt, including IBM Financing debt of $11.9 billion, totaled $56.5 billion, up $5.6 billion since the end of 2022.
