The above graph represents IBM revenue vs net income, by year. In 2018, IBM posted total revenue of $79.59 billion, globally, with a net income of $8.7 billion. The year-over-year growth in IBM’s revenue was just 0.6% while its net income jumped up a whopping 51.7% in 2018.
It is important to note that in 2011, IBM posted its highest-ever revenue of $106.9 billion, globally, while a year later, the company posted its highest-ever net income of $16.6 billion.
Surprisingly in 1993, the company reported a net loss of $8.1 billion – the highest in the last 27 years.
IBM Corporation: 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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