International Business Machines Corporation (IBM) is a multinational technology company headquartered in Armonk, New York. The company was founded in 1911 as the Computing-Tabulating-Recording Company (CTR) through a merger of four companies: the Computing Scale Company, the Tabulating Machine Company, the International Time Recording Company, and the Bundy Manufacturing Company. In 1924, CTR changed its name to International Business Machines (IBM).
IBM is known for its innovative products and services, which span a wide range of industries, including artificial intelligence (AI), cloud computing, cybersecurity, blockchain, quantum computing, and more. The company's products and services are used by businesses, governments, and individuals around the world.
One of IBM's latest market offerings is its Watson AI platform, which allows users to access advanced AI capabilities through APIs (application programming interfaces) and other tools. Watson provides a range of services, including natural language processing, machine learning, and data analytics, that can help organizations improve decision-making and automate processes.
IBM has also made significant investments in cloud computing, with its IBM Cloud offering a range of services and tools for businesses to build, run, and manage applications and data in the cloud. The company's cloud services include Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).
In terms of the company's financial performance, IBM's latest quarterly results showed revenue of $20.4 billion, which was slightly below the company's expectations. However, the company's cloud revenue grew by 14% year-over-year, and its cognitive solutions segment, which includes Watson and other AI products and services, saw revenue growth of 3%.
Overall, IBM is a technology giant with a long history of innovation and a broad range of products and services that are used by organizations around the world. The company's focus on AI and cloud computing has helped drive growth in recent years, and its latest quarterly results show continued progress in these areas.
Background
International Business Machines, one of the hottest companies on the stock market, located at 1 new orchard road, armonk, ny, us specializes in the computer & office equipment industry. It is currently listed on the exchange NYSE in the country USA.
The company's last annual earnings report on 2022-09-30 showed that it had reached a market capitalization of 132,332,683,000 dollars.
If someone had invested $100 in International Business Machines 10 years ago, their investment would be worth roughly $212.92 today, according to If You Had Invested
If you had invested...
The stock price is a reflection of the company's performance, market value, profitability and growth rate and for IBM, its stock has been amazing. If you had invested $1,000 in International Business Machines 1 year ago and held onto your investment until today , here's what would have happened:
Your investment would now be worth roughly $1332.21 today.
Financials
If you are looking for a company with a strong dividend yield then International Business Machines has a dividend yield of 0.0457 making it a good dividend company to invest in. If you are going to buy some IBM stock for dividends make sure you buy before 2022-11-09
In terms of growth International Business Machines has been on the up and up with a Quarterly earnings growth rate of 0.041. At the same time revenue growth has been to the moon with a rate of 0.065.
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