Since December 31st, 2007, International Business Machines Corp's market capitalization has increased from $92.4 Billion to $119 Billion at March 31st, 2023.
International Business Machines Corp's market capitalization as of March 31st, 2023 of $119 Billion was higher than its peers in the Information Technology Services industry group of March 31st, 2023 of 26 Billion. From December 31st, 2007 to March 31st, 2023, International Business Machines Corp's average market capitalization was 113 Billion compared to an industry average of 31.5 Billion.
International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Global Technology Services, Global Business Services, Software, Systems Hardware, Global Financing, and Other. The Global Technology Services segment provides information technology infrastructure services ranging from strategic outsourcing, integrated technology services, cloud, and technology support services or the maintenance services. The Global Business Services segment delivers a range of solutions including consulting, and systems integration, application management services, and global process services. The Software segment consists primarily of middleware and operating systems software which supports information management, Tivoli, workforce solutions, and others. The Systems Hardware segment refers to infrastructure technologies such as server, and storage. The Global Financing segment relates to the acquisition of information technology systems, software and services by providing financing solutions such as client financing, commercial financing, and remanufacturing and remarketing. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.
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