International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure services, such as IT outsourcing, integrated technology, cloud, and technology support services. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and analytics; application management, maintenance, and support services; and processing platforms and business process outsourcing services. The company’s Software segment provides middleware and operating systems software, including WebSphere software to integrate and manage business processes; information management software that enables clients to integrate, manage, and analyze data from various sources; Tivoli software that manages business infrastructure in real time; Workforce Solutions, which enables businesses to connect people and processes; and Rational software that supports software development. This segment also provides Watson software to interact in natural language, process big data, and learn from interactions with people and computers; Watson Health that offers data analytics and insights of individual health; and Watson Internet of Things that allows direct sensing and communication of data. Its Systems Hardware segment offers infrastructure technologies, such as servers for businesses, organizations, and technical computing applications; and data storage products and solutions. The company’s Global Financing segment provides lease and loan financing; commercial financing to suppliers, distributors, and remarketers; and remanufacturing and remarketing services. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. The company was founded in 1910 and is headquartered in Armonk, New York.
International Business Machines Corporation earnings per share showed a decreasing trend of -12.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 1411%.Analysts project EPS growth over the next 5 years at 2.65%. It has EPS annual growth over the past 5 fiscal years of 3.4% when sales declined -3.9. It reported -4.6% sales drop, and -14% EPS decline in the last quarter.
The stock is trading at $153.74, up 32.89% from 52-week low of $116.9. The stock trades down -8.16% from its peak of $173.78 and -6.13% below the consensus price target of $144.32. Its volume clocked up at 5.83 million shares which is higher than the average volume of 4.29 million shares. Its market capitalization currently stands at $146.72B.
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