International Business Machines Corporation (NYSE: IBM), together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients’ mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients’ mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company has collaboration agreement with Siemens Digital Industri Software to develop a combined software solution. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
- Market Cap: 170.151 Billion
- PE Ratio: 22.89
- EPS: 8.14
- Dividend Yield: 3.56%
International Business Machines is not just a respected name in the field of artificial intelligence but the clear-cut leader in this $156 billion market, according to IDC. Big Blue sowed the seeds to its Watson AI engine decades ago and has nurtured that asset into a problem-solving system with serious business chops. The company’s entire business model is now focused on Watson-powered artificial intelligence, delivered in a variety of hybrid cloud computing models.
The long-term promise of IBM’s artificial intelligence strategy is undeniable, but investors have lost patience with the company’s long-running transformation process. Therefore, IBM is a great long-term investment for long-term investors.