International Business Machines Corporation
Industry: Computer Hardware

International Business Machines Corporation (IBM) uses advanced information technology to provide customer solutions. The Company operates using several segments that create value by offering a variety of solutions, including, either singularly or in some technologies, systems, products, services, software and financing.Organizationally, the Company's three hardware product segments are comprised of Technology, Personal Systems and Enterprise Systems.IBM's other major operations consist of a Global Services segment, a Software ment, a Global Financing segment and an Enterprise Investments segment.

Business Summary
International Business Machines Corporation (IBM) is an information technology (IT) company. The Company's major operations comprise a Global Services segment, a Systems and Technology Group, a Personal Systems Group, a Software segment, a Global Financing segment and an Enterprise Investments segment. The majority of the company's enterprise business, which excludes the company's original equipment manufacturer (OEM) technology business, occurs in industries that are broadly grouped into six sectors: financial services, public, industrial, distribution, communications, and small and medium business (mainly companies with less than 1,000 employees). In December 2004, the Company acquired Danish companies Maersk Data and DMdata. In January 2005, IBM acquired SRD, a provider of identity resolution software.

Financial Summary
For the nine months ended 30 September 2005, International Business Machines Corp.'s revenues decreased 3% to $66.71B. Net income from continuing operations increased 3% to $4.77B. Revenues reflect the impact of the divested PC business. Higher income for the period reflects an increase in profit margins, a rise in intellectual property and custom development income and higher other income.