[Top 30 technology company in the world] (P.9) IBM: Hold the record for most annual U.S. patents generated by a business

29-07-2021

(WorldKings.org) For the fiscal year 2020, IBM reported earnings of $5.6 billion, with an annual revenue of $73.6 billion. IBM's revenue has fallen for 8 of the last 9 years. IBM's market capitalization was valued at over $127 billion as of April 2021. IBM ranked No. 38 on the 2020 Fortune 500 rankings of the largest United States corporations by total revenue.

International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York, with operations in over 170 countries. 


IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most annual U.S. patents generated by a business (as of 2020) for 28 consecutive years. Inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 1970s.


Nicknamed Big Blue, IBM is one of 30 companies included in the Dow Jones Industrial Average and one of the world's largest employers, with over 345,000 employees as of 2020. At least 70% of IBM employees are based outside the United States, and the country with the largest number of IBM employees is India. IBM employees have been awarded five Nobel Prizes, six Turing Awards, ten National Medals of Technology (USA) and five National Medals of Science (USA).


IBM was founded in 1911 in Endicott, New York, as the Computing-Tabulating-Recording Company (CTR) and was renamed "International Business Machines" in 1924. IBM is incorporated in New York and has operations in over 170 countries.


For the fiscal year 2020, IBM reported earnings of $5.6 billion, with an annual revenue of $73.6 billion. IBM's revenue has fallen for 8 of the last 9 years. IBM's market capitalization was valued at over $127 billion as of April 2021. IBM ranked No. 38 on the 2020 Fortune 500 rankings of the largest United States corporations by total revenue. IBM has been criticized for using "financial engineering" to hit its quarterly earnings targets, rather than investing for the longer term.


According to wikipedia.org 


Brian (Collect & Edit) - WORLDKINGS (Source of photos : internet )

 

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