Last $190.01 USD
Change Today -6.39 / -3.25%
Volume 11.3M
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

intl business machines corp (IBM) Snapshot

Open
$187.25
Previous Close
$196.40
Day High
$190.70
Day Low
$187.01
52 Week High
05/31/13 - $211.98
52 Week Low
02/5/14 - $172.19
Market Cap
197.9B
Average Volume 10 Days
6.7M
EPS TTM
$15.89
Shares Outstanding
1.0B
EX-Date
02/6/14
P/E TM
12.0x
Dividend
$3.80
Dividend Yield
2.00%
Current Stock Chart for INTL BUSINESS MACHINES CORP (IBM)

intl business machines corp (IBM) Details

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, including outsourcing, process, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting solutions for strategy and transformation, application innovation, enterprise applications, and smarter analytics; and application management, maintenance, and support services. International Business Machines Corporation’s Software segment offers middleware and operating systems software, such as WebSphere software to integrate and manage business processes; and information management software for database and enterprise content management, information integration, data governance, data warehousing and analytics, business analytics and intelligence, and predictive analytics. This segment also provides Tivoli software for cloud and datacenter management, enterprise endpoint and mobile device management, asset and facilities management, storage management, and security systems; Rational software that supports software development; and Mobile Software for platform and application development, mobile security, and mobile device management. The company’s Systems and Technology segment provides computing power and storage solutions; and semiconductor technology, products, and packaging solutions. Its Global Financing segment provides lease and loan financing to end users; commercial financing to dealers and remarketers of IT products; and remanufacturing and remarketing services for equipment. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. International Business Machines Corporation was founded in 1910 and is headquartered in Armonk, New York.

431,212 Employees
Last Reported Date: 02/25/14
Founded in 1910

intl business machines corp (IBM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.5M
Senior Vice President and Group Executive of ...
Total Annual Compensation: $716.0K
Senior Vice President of Legal & Regulatory A...
Total Annual Compensation: $650.0K
Senior Vice President and Director of Researc...
Total Annual Compensation: $625.9K
Compensation as of Fiscal Year 2013.

intl business machines corp (IBM) Key Developments

International Business Machines Corporation Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year of 2014 and 2015

International Business Machines Corporation reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $22,484 million compared to $23,408 million a year ago. Income before income taxes was $2,980 million compared to $3,606 million a year ago. Net income was $2,384 million or $2.29 per diluted share compared to $3,032 million or $2.70 per diluted share a year ago. Net cash from operating activities per GAAP was $3,326 million compared to $4,023 million a year ago. Net cash from operating activities (Excluding GF Receivables) was $1,518 million compared to $2,425 million a year ago. Capital expenditures, net were $887 million compared to $729 million a year ago. Free cash flow was $631 million compared to $1,696 million a year ago. Non-GAAP pretax income was $3,304 million compared to $4,084 million a year ago. Non GAAP net income was $2,643 million or $2.54 per diluted share compared to $3,376 million or 3.00 per diluted share a year ago. The results include the impact of a charge of approximately $870 million for workforce rebalancing and a gain of nearly $100 million for the divestiture of the customer care outsourcing business, consistent with the company's full-year guidance in January 2014. The biggest drop was in its systems and technology unit, or hardware, where revenue tumbled 23% to $2.39 billion from $3.11 billion. The company provided earnings guidance for the full year 2014, for the full year, the company expects GAAP diluted earnings per share of at least $17.00, and operating (non-GAAP) diluted earnings per share of at least $18.00. The 2014 operating (non-GAAP) earnings expectations exclude $1.00 per share of charges for amortization of purchased intangible assets, other acquisition-related charges, and retirement-related charges. Annual effective tax rate for 2014 is 20%. The company continues to expect good performance in the key growth areas, though overall revenue growth will be impacted by the challenges in Hardware business and the customer care divestiture. The company still expects to deliver at least $20 of operating EPS in 2015.

The Hartford Signs Agreement with IBM to Move IT to the Cloud

The Hartford and IBM announced a new six-year technology services agreement to implement a new service model that includes a private cloud infrastructure. The partnership supports The Hartford's strategy to drive profitable growth and increase operational effectiveness as it continues to focus on its property and casualty, group benefits and mutual funds businesses. The Hartford will move to a private cloud-based infrastructure on IBM's PureFlex System. Under the $500 million agreement, IBM will also provide a number of other services related to mainframe, storage, backup and resiliency. The Hartford will define the services it requires, and IBM will be responsible for the solution and delivery of those services. As part of the agreement, The Hartford and IBM will also partner on the creation of a joint innovation committee to foster collaboration on strategic initiatives. The project will leverage the expertise of both firms, market insights and research to build new business models and competitive capabilities that will enhance The Hartford's ability to anticipate and meet the needs of customers and agents.

IBM Unveils New Enterprise Cloud Offerings for Mainframe

IBM has announced a series of new enterprise cloud offerings for the mainframe which will reportedly help clients and service providers reduce the cost of operations and deploy trusted cloud services with mainframe technology. The announcement includes the first System z-based integrated system offering, the IBM Enterprise Cloud System. The new IBM Enterprise Cloud System provides an integrated platform, built upon open standards, for clients and service providers looking to rapidly build out a trusted cloud environment capable of supporting mission-critical workloads. Additionally, a new flexible utility pricing model being announced that will provide service providers with the ability to pay for Linux based mainframe cloud infrastructure over time based on compute consumption, rather than system capacity. With the ability to support up to 6,000 Virtual Machines in a single system, provide a secure multi-tenant environment and dynamically share resources across workloads, the mainframe is uniquely positioned to meet the enterprise cloud infrastructure needs of cloud service providers and dynamic private cloud deployments. Thanks to higher system efficiency and greater scalability, the total cost of some Linux on System z cloud deployments can by up to 55% less than comparable x86-based cloud infrastructure. Building upon these strengths, the IBM Enterprise Cloud System is factory built and configured with automated cloud orchestration and monitoring to allow clients to rapidly deploy enterprise-grade cloud services. Combining System z hardware, IBM storage and IBM cloud management software into a single IaaS solution, this offering will help IT organizations and cloud service providers deliver a differentiated level of service capable of supporting mission critical workloads. Bringing these mainframe qualities of service to the cloud will also allow providers to address many of the common concerns regarding security and downtime that have been associated with the cloud. The new "IBM MSP Utility Pricing for System z" pricing model, delivered through IBM Global Financing, provides consumption-based pricing designed especially to make mainframe technologies more widely accessible to Managed Service Providers. This consumption-based approach allows an MSP to focus on building their business rather than on the cost of their infrastructure. The analytic capabilities of the mainframe are also being applied to key research projects.

 

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IBM

Industry Average

Valuation IBM Industry Range
Price/Earnings 13.0x
Price/Sales 2.0x
Price/Book 11.8x
Price/Cash Flow 12.5x
TEV/Sales 1.5x
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