International Business Machines Corporation
IBM Updates Software and Consulting Segment Revenue Categories
Summary
International Business Machines Corporation (IBM) announced changes to its reported revenue categories within its Software and Consulting segments, effective from the first quarter of 2025. These changes are designed to better reflect market opportunities and the company's core strategy. The Software segment will now report revenue for Hybrid Cloud, Automation, Data, and Transaction Processing. The Consulting segment will report revenue for Strategy and Technology and Intelligent Operations. These updates do not impact IBM's Consolidated Financial Statements or its reportable segments. Recast historical segment financials for 2024 and 2023, along with reconciliations of non-GAAP financial measures, are provided in Exhibit 99.1.
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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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