IBM

International Business Machines Corporate
	Logo as of 1972
	IBM Watson system in 2011
Company type	Public company
Traded as	NYSE: IBM; DJIA Component; S&P 100 Component; S&P 500 Component;
ISIN	US4592001014
Industry	Cloud computing; Cognitive computing;
Founded	June 16, 1911; 113 years ago (as Computing-Tabulating-Recording Company); Endicott, New York, U.S.
Founder	Charles Ranlett Flint
Headquarters	Armonk, New York, U.S.
Area served	177 countries
Key people	Ginni Rometty; (Chairwoman, President and CEO)
Revenue	US $79.139 billion (2017)
Operating income	US $11.400 billion (2017)
Net income	US $5.753 billion (2017)
Total assets	US $125.35 billion (2017)
Total equity	US $17.594 billion (2017)
Number of employees	380,300 (2017)
Website	www.ibm.com

International Business Machines Corporation (IBM) is a multinational 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 starting in 1981 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

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

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