Portfolio123 - Company Profile for International Business Machines Corp. (IBM )

International Business Machines Corporation (IBM) is an information technology (IT) company. The Company+IBk-s major operations include a Global Technology Services (GTS) segment, a Global Business Services (GBS) segment, a Systems and Technology segment, a Software segment and a Global Financing segment. In February 2008, the Company acquired Arsenal Digital Solutions and Net Integration Technologies Inc. Arsenal is a privately held company based in Cary, North Carolina, with a suite of on-demand data protection solutions. In January 2008, IBM announced that it has completed its acquisition of Cognos Incorporated. In January 2008, IBM acquired XIV, a privately held storage technology company based in Tel Aviv, Israel. In September 2007, IBM completed the acquisition of DataMirror Corporation. In August 2007, IBM acquired WebDialogs, Inc. In April 2008, the Company completed the acquisition of Telelogic AB, Diligent Technologies, FilesX and InfoDyne Corporation.

FINANCIAL SUMMARY - Last Updated: 04/30/08

BRIEF: For the three months ended 31 March 2008, International Business Machines Corporation's revenues increased 11% to $24.5B. Net income from continuing operations increased 26% to $2.32B. Revenues reflect an increase in income from Global Technology Services segment, higher sales from Software segment and Global Business services segment. Net income also reflects higher gross margin and increased intellectual property income.