IBM Net Worth

Net Worth:	$115 Billion

What is IBM’s net worth? How does IBM make its money? Below is the current net worth of IBM and how IBM makes its money.

What Is IBM’s Net Worth?

IBM is an American global technology company that has a market value of $124 billion.  IBM is an acronym for International Business Machines Corporation. It has its headquarters in Armonk, New York, and operates in more than 171 countries. It was founded in 1911, by Charles Ranlett Flint, a businessman, in Endicott, New York.

Brief History of IBM

IBM is one of the biggest universal technology firms which was established just a little after the 20th century by Charles Flint. It was initially named Computing Tabulating Recording Company (CTR) but in 1924, it became known as International Business Machines.

Between the 1960s and the 1970s, the prominent digital platform was the IBM mainframe represented by the System/360. The magnetic stripe card, the floppy disk, the UPC barcode, the relational database, the SQL programming language, the automated teller machine, the hard disk drive, and the dynamic random-access memory (DRAM) are some of the major IBM innovations.

The key foundation of IBM was inventions by four distinct personalities namely; the computing scale by Julius E. Pitrap in 1885, the dial recorder by Alexander Dey in 1888, the Electric Tabulating Machine by Herman Hollerith between 1860 – 1929, and a time clock that tracked the arrival and departure of a worker on a paper tape by Willard Bundy in 1889.

The four companies run by these inventors were merged on June 11, 1911, to form a fifth. Charles Flint named the conglomerate Computing Tabulating Recording Company (CTR) and it was based in New York State. It had 1,300 employees at the time.

The Dow Jones Industrial Average listed IBM as one of 30 companies on its stock exchanges list, in 1979. IBM is also one of the global biggest employers, with more than 282,100 workers as of the time of this writing.

Thomas Watson served as IBM’s first CEO from 1914 to 1956. Presently, Arvind Krishna is the CEO and Chairman.

IBM Subsidiaries

IBM’s commercial products and services include computer hardware, middleware, and software. It also gives consultatory and anchoring services on various issues concerning nanotech, mainframes, etc. IBM is also a dominant research institute and by 2021, it recorded 29 years of patent leadership, surpassing other US companies.

Some of its subsidiaries include:

• Red Hat Software
• Aspera
• FileNet
• Fiberlink Communications Corporation
• Instana
• Weather Underground
• Trusteer
• Turbonomic
• Kenexa
• The Weather Company
• Datacap
• Merative
• IBM Clinical Development
• Urbancode
• Nordcloud Oy
• Netezza
• Sterling Commerce, etc.

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While we always strive to ensure that our figures are as accurate as possible, please note that they are only estimates, unless otherwise indicated.

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