IBM Updates Reporting Segments for 2024

Details

These changes better align the company's portfolio with its core strategy and provide more relevant information to investors. IBM also improved segment profitability transparency by removing stock-based compensation and net interest expense allocations from segment profitability. These updates will be reflected in IBM's reported results starting from the first quarter of 2024.

Items reported

Exhibits (1)

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.