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IBM

IBM: A Technological Colossus International Business Machines Corporation, or IBM, a multinational technology giant headquartered in Armonk, New York, boasts a presence spanning over 175 countries. A Dow Jones Industrial Average component, IBM's global reach is undeniable. Its massive research infrastructure, comprising 19 facilities across a dozen countries, underscores its commitment to innovation. For 29 consecutive years, from 1993 to 2021, IBM held the record for generating the most annual US patents. Initially founded in 1911 as the Computing-Tabulating-Recording Company, the firm transitioned to International Business Machines in 1924, quickly dominating punch-card technology. The System/360 mainframe cemented its dominance in the 1960s and 70s, controlling a significant portion of the global computer market. The 1981 launch of the IBM Personal Computer, utilizing Microsoft's DOS, revolutionized personal computing. The ThinkPad further solidified its presence in the portable computer market. Following the sale of its microcomputer division to Lenovo in 2005, IBM refocused on services, software, supercomputing, and research. Its supercomputers consistently rank among the world's most powerful, and its contributions to technology are extensive, including the ATM, DRAM, floppy disk, and relational database. In 2018, IBM benefited from tax reforms, paying an effective federal tax rate of 0% or less. The company continues to push boundaries in advanced chip technology, quantum computing, AI, and data infrastructure, a legacy built upon numerous scientific breakthroughs recognized by prestigious awards, including six Nobel Prizes and six Turing Awards.

IBM Overview

Image Source : Wikipedia
  • Company type Public
  • Industry Information technology
  • Founded June 16, 1911
  • Founders George Winthrop Fairchild, Charles Ranlett Flint, Herman Hollerith
  • Headquarters 1 Orchard Road, Armonk, New York, United States
  • Area served 177 countries
  • Key people Arvind Krishna (chairman &amp, Gary Cohn (vice chairman)
  • Services Outsourcing, Professional services, Managed services
  • Revenue US$62.73 billion (2024)
  • Net income US$6.023 billion (2024)
  • Number of employees 270,300 (2024)
  • Subsidiaries Pre-WW2 list of subsidiaries
  • Website www.ibm.com

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IBM history

Last Updated : 23/03/25, 07:05 AM
IBM: A Century of Innovation and Transformation Founded in 1911 as the Computing-Tabulating-Recording Company (CTR), IBM's origins trace back to several late 19th-century technological innovations. Thomas J. Watson Sr.'s leadership solidified the company's foundation, fostering a culture of innovation and customer service. The name change to International Business Machines in 1924 reflected its expanding global reach. The company's early success was marked by the development of pivotal technologies, including the hard disk drive (RAMAC) and the influential System/360 computer family. IBM's involvement in World War II, both as a military contractor and through its German subsidiary's dealings with the Nazi regime, represents a complex chapter in its history. Post-war, IBM dominated the mainframe market, creating industry standards. The latter half of the 20th century saw IBM pioneer technologies like the magnetic stripe card and the Universal Product Code, while also facing antitrust scrutiny. The introduction of the IBM Personal Computer revolutionized personal computing but also initiated a period of intense competition and market share loss. Subsequent restructuring and divestitures saw the creation of numerous independent entities and a shift towards services and software. More recently, IBM has focused on cloud computing, artificial intelligence (AI), and data analytics, highlighted by the development of Watson and acquisitions such as Red Hat. While encountering periods of significant losses and challenges, IBM has continually adapted, acquiring and divesting assets, and navigating a constantly evolving technological landscape. Its recent acquisitions and partnerships demonstrate ongoing efforts to remain a major player in the global technology sector. Recent controversies, including the suspension of ads on Twitter and the divestment of certain divisions, however, also shape the current narrative of the company.
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