IBM, or International Business Machines, perhaps the oldest tech company in existence, is about to report earnings 22.01.2019 after market close.
International Business Machines Corporation (IBM) is an American multinational information technology company headquartered in Armonk, New York, with operations in over 170 countries. The company began in 1911 as the Computing-Tabulating-Recording Company (CTR) and was renamed “International Business Machines” in 1924.
IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
Here are some fun facts about IBM:
- IBM was founded in 1880 when 3 companies merged into one. The company was ahead of its time in terms of gender equality, promoting its first female vice president back in 1934.
- While IBM history is full of technological innovation, it will be a surprise to most that company employees have won Nobel Prizes on 5 different occasions. The top honors were awarded for technical excellence in research and science.
- Most of us don’t realize how important and influential IBM has been to humanity. The company has reshaped our world with inventions such barcodes, floppy disks, and RAM memory. IBM can also claim inventions in medicine, sports, astronautics and arguably the first smartphone.
- IBM stock plunged by 5% when the 2018 Q3 revenue results came in below analyst expectations even though earnings per share were positive.
How will the #IBM stock perform this time?
*Your capital is at risk. This is not investment advice. Past performance is not an indication of future results.