International Business Machines Corporation
IBM Updates Reportable Segments for First Quarter 2024
Summary
On February 26, 2024, IBM announced an update to its reportable segments to better reflect its operational management and resource allocation for the first quarter 2024. This change does not affect IBM's consolidated financial results. Recast historical segment financials for 2022 and 2023, along with reconciliations of non-GAAP financial measures, are available on IBM's Investor Relations website and as part of this filing.
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About International Business Machines Corporation
International Business Machines Corporation, commonly known as IBM, is a global technology and consulting company primarily known for its enterprise solutions. IBM operates in various segments including cloud computing, artificial intelligence (AI), blockchain, and quantum computing, providing critical infrastructure to businesses and governments worldwide. A pivotal player in the IT services industry, IBM offers software products like Watson, a powerful AI system, and collaborates on large-scale data management and analytics projects. IBM is also heavily involved in the IT consulting sector, helping organizations modernize operations through digital transformation initiatives. Headquartered in Armonk, New York since its founding in 1911, the company has been instrumental in driving advancements in computing technology. IBM's contributions significantly impact sectors ranging from healthcare to finance, making it an integral entity within the tech industry and global economy.
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