IM

International Business Machines

IBM
NYSEInformation Technology
$227.57
USD
+0.47(+0.20%)
At close: Apr 30, 14:36 UTC
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Open

$227.68

Prev. Close

$227.59

High

$227.68

Low

$227.57

Market Snapshot

Market Cap

$213.03B

P/E Ratio

19.8

EPS

6.54

Revenue

$62.75B

Why IBM moved

IBM has launched AI partner 'IBM Bob' to improve software development; however, shares fell 2.55% despite earnings of $1.91 per share, surpassing estimates.

About

International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. The company is headquartered in Armonk, New York and currently employs 286,800 full-time employees. The Company’s segments include Software, Consulting, Infrastructure and Financing. The Software segment includes hybrid cloud and AI platforms, which allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment is focused on the hybrid cloud infrastructure market, providing on-premises and cloud-based server and storage solutions. In addition, it offers a portfolio of life-cycle services for hybrid cloud infrastructure deployment. The Financing segment provides client and commercial financing, facilitating its clients’ acquisition of hardware, software and services. The company helps clients in more than 175 countries.

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