Here are some current (as of 3Q 2000) financial facts about
IBM:
- IBM is the world's largest information technology company, as well as the world's largest hardware company ($37B); IT Services ($32.2B) and IT rental and financing ($3.1B) company. (1/00)
- 311,566 employees (9/00)
- Corporate headquarters, Armonk, N.Y.
- Business operations in 164 countries (6/00)
For fifth straight year, IBM reported record revenue -- $87.5B in 1999, up 7% over 1998 revenue of $81.7B.
Net income for 1999 rose to $7.7B -- a 22% increase -- or $4.12 per diluted common share compared with net
income of $6.3B, or $3.29 per diluted common share in 1998. 1999 marked another new record in earnings per diluted
common share.
IBM finished 1999 with $5.8B in cash, after spending $7.3B on common share repurchases, acquisitions of $1.5B
and debt reduction of $1B. We increased our dividend to hareholders in '99 to .47 per share.
IBM has repurchased $34B of its common stock since 1/95. (as of 4/18/00)
IBM's OEM (original equipment manufacturer) market (selling IBM technology to third parties) has, over the past
several years, has grown from practically nothing to $7.8B in sales, a 15% increase in FY99. (1/00)
During 1999, IBM made 17 acquisitions. (1/00)
IBM has committed more than $1B to NetGen companies to build relationships with fast-growing Net startups. ('00)
IBM's market value grew $24B in 1999. It has grown by $170B since restructuring in 1993. (3/00)
IndustryWeek Magazine named IBM the world's eighth-best managed company in its fourth annual list
of the world's "100 Best-Managed Companies." (8/16/99)
In its annual ranking of the 500 biggest companies in the United States, Fortune Magazine reports IBM remains
in sixth place with $87.548 in 1999 revenue. GM, Wal-Mart, Exxon Mobil, Ford and GE rank one through five, respectively, based on 1999 revenue.