IBM

International Business Machines Corporation (IBM) is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. The company began in 1911, founded in Endicott, New York, by trust businessman Charles Ranlett Flint, as the Computing-Tabulating-Recording Company (CTR) and was renamed "International Business Machines" in 1924. IBM is incorporated in New York.[7]

International Business Machine Corporation
IBM
TypePublic
ISINUS4592001014
IndustryInformation technology
PredecessorsBundy Manufacturing Company
Computing Scale Company of America
International Time Recording Company
Tabulating Machine Company
Computing-Tabulating-Recording Company
FoundedJune 16, 1911; 111 years ago (1911-06-16) (as Computing-Tabulating-Recording Company)
Endicott, New York, U.S.[1]
FounderCharles Ranlett Flint
(Amalgamator of the Computing-Tabulating-Recording Company)
Headquarters,
U.S.
Area served
177 countries[2]
Key people
Arvind Krishna
(Chairman and CEO)[3]
Gary Cohn
(Vice Chairman)[4]
ProductsAutomation
Robotics
Artificial intelligence
Cloud computing
Consulting
Blockchain
Computer hardware
Software
Quantum computing
Brands
Services
Revenue US$57.35 billion (2021)[5]
US$6.86 billion (2021)[5]
US$5.74 billion (2021)[5]
Total assets US$132.00 billion (2021)[5]
Total equity US$18.99 billion (2021)[5]
Number of employees
282,100 (December 2021)[6]
SubsidiariesList of subsidiaries
Websiteibm.com

IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most annual U.S. patents generated by a business (as of 2020) for 28 consecutive years.[8]

Inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 70s.

IBM is one of 30 companies included in the Dow Jones Industrial Average and one of the world's largest employers, with over 282,100 employees as of 2022.


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