Evaluation of Corporate Performance
Evaluation of Corporate Performance
Edgar P. Lucas, Jr.
BUS 401 Principles of Finance
Instructor: Richard Burke
September 1, 2014
History
Incorporated in New York on June 16, 1911 as The Computing-Tabulating-Recording Company as a result of a consolidation of The Computing Scale Company of America, The Tabulating Machine Company and The International Time Recording Company of New York. Present name adopted in 1924 as a result of a merger with International Business Machines Corporation.
In Mar. 1922, Co. absorbed Peirce Accounting Machine Company.
On Feb. 14, 1924, Co. merged International Business Machines Corporation and assumed the name of that company.
Business Summary
International Business Machines operates in five business segments: global technology services, which provides information technology infrastructure and business process services; global business services, which provides business outcomes to Co. 's clients across two primary business areas: Consulting and Application Management Services; software, which consists primarily of middleware and operating systems software; systems and technology, which provides clients with business solutions requiring computing power and storage capabilities; and global financing, which facilitates clients ' acquisition of Co. 's systems, software and services.
When one examines the financial statements of IBM, they have been a steadily performing corporation for many years. In 2014, their revenue was 98.2 billion dollars.
Their net income was 16.7 billion dollars. Current liabilities was 40.1 million dollars and their total liabilities was 103.2 million. Retained earnings were 130 million and total equity is 22.9 million.
After reviewing IBM’s financials, there ae several documented facts:
IBM after all expenses, cleared 16,746,000,000. Their basic earnings per share is $15.85. As of February, 2014, IBM has 473,872 shareholders.
Edgar P. Lucas, Jr.
BUS 401 Principles of Finance
Instructor: Richard Burke
September 1, 2014
History
Incorporated in New York on June 16, 1911 as The Computing-Tabulating-Recording Company as a result of a consolidation of The Computing Scale Company of America, The Tabulating Machine Company and The International Time Recording Company of New York. Present name adopted in 1924 as a result of a merger with International Business Machines Corporation.
In Mar. 1922, Co. absorbed Peirce Accounting Machine Company.
On Feb. 14, 1924, Co. merged International Business Machines Corporation and assumed the name of that company.
Business Summary
International Business Machines operates in five business segments: global technology services, which provides information technology infrastructure and business process services; global business services, which provides business outcomes to Co. 's clients across two primary business areas: Consulting and Application Management Services; software, which consists primarily of middleware and operating systems software; systems and technology, which provides clients with business solutions requiring computing power and storage capabilities; and global financing, which facilitates clients ' acquisition of Co. 's systems, software and services.
When one examines the financial statements of IBM, they have been a steadily performing corporation for many years. In 2014, their revenue was 98.2 billion dollars.
Their net income was 16.7 billion dollars. Current liabilities was 40.1 million dollars and their total liabilities was 103.2 million. Retained earnings were 130 million and total equity is 22.9 million.
After reviewing IBM’s financials, there ae several documented facts:
IBM after all expenses, cleared 16,746,000,000. Their basic earnings per share is $15.85. As of February, 2014, IBM has 473,872 shareholders.
References: Hickman, K.A., Byrd, J.W., McPherson, M. (2013). Essentials of Finance, Bridgepoint Education (Hickman, Byrd, McPherson, 2013) Lawson, R., Toby Hatch, T, Desroches, D. (2013), How Corporate Culture Affects Performance Management, Strategic Finance Hagos, T.,Guban, P. (2010),The Means Of Analysis And Evaluation For Corporate Performances Johnson, E., Reckers, P., Bartlett, G. (2014) Influences of Timeline and Perceived Strategy, Journal of Management Accounting Research Aburas, H., (2010), An Intergrated Performance Management Framework For A Multi-business Company, South African Journal of Industrial Engineering