Financial Statement Analysis of IBM
I. Company Facts
IBM – International Business Machines Corporation
The home office of IBM is located in Armonk, Town of North Castle, New York, United States.
IBM was founded in 1911 as the Computing Tabulating Recording Company (CTR) through a merger of three companies: the Tabulating Machine Company, the International Time Recording Company, and the Computing Scale Company. CTR adopted the name International Business Machines in 1924, using a name previously designated to CTR 's subsidiary in Canada and later South America.
Standard Industrial Classification Codes are 7379 which are mainly on computer and relative stuff.
Chief Executive Officer (CEO) of IBM now is Virginia M. Rometty.
Chairman of the Board of IBM now is Samuel J. Palmisano.
The end date of recent fiscal year of IBM is Dec. 31st 2011.
Main services IBM provides include business consulting, IT related services, outsourcing service and training. Main products IBM provides include mainframe, software, system and storage.
IBM’s major operations consist of five business segments: Global Technology Services, Global Business Services, Software, Systems and Technology and Global Financing.
In the latest fiscal year, IBM has an amount of 433,362 wholly owned employees all over the world.
PricewaterhouseCoopers LLP (PwC) is the independent auditor retained to audit IBM’s consolidated financial Statements and the effectiveness of the company 's internal control over financial reporting.
The stock ticker symbol is IBM. IBM common stock is listed on the New York Stock Exchange, the Chicago Stock Exchange, and outside the United States. And the latest stock price was $188.32 on Nov. 14th 2012 on NYSE. II. Business and Strategy Analysis 1. Industry Description and Competitive Anlysis
Since IBM is a highly diversified company, it concentrates on several industries at the same time. So let’s say IBM mainly