International Business Machines Corporation (IBM) provides integrated solutions and services to clients across the globe. The company consists of four segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers a range of hybrid cloud platform and software solutions, such as enterprise open-source solutions, business automation software, AIOps and management, integration, and application servers, data and artificial intelligence solutions, and security software and services. It also provides transaction processing software for banking, airline, and retail industries. The Consulting segment offers business transformation services, technology consulting services, and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions, as well as support services and solutions for hybrid cloud infrastructure, and remanufacturing and remarketing services for used equipment. The Financing segment offers leasing, installment payment, loan financing, and short-term working capital financing services. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
as of February 14, 2023
Remember Watson? The AI that crushed Jeopardy? Yeah, neither do ChatGPT users. IBM is a consulting firm, not a technology firm,. It’s closer to Accenture than Apple or Google. That’s the biggest problem it has. That is why the firm only gets $190k per employee on the top line and about $6,000 in bottom line net profit. That’s horrific. Apple generates 100x more per employee. Yet, with a $120 billion market cap, for some reason IBM looks cheap. I want to cheer for this company, but they’ve got to figure out how to become a technology company again.