The above graph represents IBM net income by year. In 2018, IBM reported a total net income of $8.73 billion. Interestingly, that’s a whopping 51.7% YoY increase from the last year.
In 2012 IBM’s net income reached $16.6 billion, which is still the highest net profit IBM has ever posted in a year till date. In the following 2013, IBM once again surprised the industry with $16.5 billion net profit.
However, since then the year net profit of IBM has tanked to a surprisingly low level. In the last two years, IBM’s yearly net profit tumbled to less than $10 billion.
in 1993, the company reported a net loss of $8.1 billion – the highest in the last 27 years.
IBM: Additional Information
IBM (International Business Machines Corporation) is an American multinational information technology company, headquartered in Armonk, New York.
In 1911, IBM was founded by Thomas J. Watson at Endicott, New York, as the Computing-Tabulating-Recording Company (CTR) and later in 1924, it was renamed “International Business Machines” (IBM). As a globally integrated enterprise, the company currently operates in more than 175 countries. As of 2018, the number of employees in IBM/wholly owned subsidiaries crossed 350,000.
The company’s business model is built to support two principal goals: helping enterprise clients to move from one era to the next by bringing together innovative technology and industry expertise, and providing long-term value to shareholders.
IBM’s business segments include Technology Services & Cloud Platforms, Cognitive Solutions, Global Business Services, Systems & Technology, Global Financing and others.
In 2018, for the 26th consecutive year, IBM was awarded more U.S. patents than any other company. IBM’s 9,100 patents awarded in 2018 represent a diverse range of inventions in strategic growth areas for the company. Of the 9,100 patents granted to IBM in 2018, more than 1,600 were related to AI and 1,400 to cybersecurity – more than any other company in either area.
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