IBM

International Business Machines Corporate
TypePublic
Traded as
Industry
When it was createdJune 16, 1911; 107 years ago (1911-06-16) (as Computing-Tabulating-Recording Company)
Endicott, New York, U.S.[1]
People who started itCharles Ranlett Flint
HeadquartersArmonk, New York, U.S.
Area served177 countries[2]
Key peopleGinni Rometty
(Chairwoman, President and CEO)
Money earnedDecrease US$ 79.139 billion (2017)[3]
Operating incomeDecrease US$11.400 billion (2017)[3]
Net incomeDecrease US$5.753 billion (2017)[3]
Total assetsIncrease US$125.35 billion (2017)[3]
Total equityDecrease US$17.594 billion (2017)[3]
Employees380,300 (2017)[4]
Websitewww.ibm.com

International Business Machines Corporation (IBM) is a technology company from the United States that makes and sells software, computer hardware, infrastructure services, and consulting services. IBM is one of the biggest Information Technology companies in the world. IBM has had the most patents of any technology company for many years, and has made many important inventions and discoveries that have improved computers.

IBM began in 1911, it was called the "Computing-Tabulating-Recording Company". It was set up by a man named Charles Flint. There were no computers at that time, so IBM made other machines, such as typewriters. In 1924, the company changed its name to International Business Machines (IBM). In 1937, the company's Tabulating Machines were used by the United States government to record information about Americans, so they could make a new law called the Social Security Act.

During World War II, IBM made guns for the American army. During the 1960s and 1970s IBM dominated the mainframe computer market. IBM computers were used for American space exploration. From the 1980s until 2005, IBM made personal computers. In 2005, IBM sold their personal computer manufacturing to a Chinese company called Lenovo. Today, IBM mostly makes software, and some powerful supercomputers.

References

  1. Certificate of Incorporation of Computing-Tabulating-Recording-Co, 14th day of June 1911
  2. "IBM Is Blowing Up Its Annual Performance Review". fortune.com. Retrieved July 22, 2016.
  3. 3.0 3.1 3.2 3.3 3.4 "IBM Corporation Financials Statements". United States Securities and Exchange Commission.
  4. "2016 IBM Annual Report" (PDF). IBM.com.
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