International Business Machines
Sector: Information Technology
Beta Coefficient: 0.63
10 Yr Compound EPS Growth: 13.0%
10 Yr Compound DPS Growth: 19.5%
IBM (NYSE)
Website: www.ibm.com
Sector: Information Technology
Beta Coefficient: 0.63
10 Yr Compound EPS Growth: 13.0%
10 Yr Compound DPS Growth: 19.5%
Dividend raises, past 10 years: 10 times.
Financial Result Year 2014
Revenues (b) 92.8
Net Income (b) 15.7
EPS 15.59
DPS 4.25
Cash flow per share 20.44
Financial Result Year 2014
Revenues (b) 92.8
Net Income (b) 15.7
EPS 15.59
DPS 4.25
Cash flow per share 20.44
Current yield 2.7%
High Price 199.2 P/E 12.8 DY 2.1%
Low Price 150.5 P/E 9.7 DY 2.8%
High Price 199.2 P/E 12.8 DY 2.1%
Low Price 150.5 P/E 9.7 DY 2.8%
IBM historically has made a broad range of computers, mainframes, and network servers.
But the company has morphed over the years into a software and services company.
As a consequence, fewer folks than ever talk about an "IBM computer" anymore; they talk about an "IBM business solution" or some such.
IBM is divided into four principal business units and a financing unit:
- The Global Technology Services unit: This is the largest, at 38% of revenues.
- The Global Business Services unit (18%)
- The Software unit (32%).
- The Systems and Technology group (10%)
- The Financing Unit (2%) helps the company market it all.
Overseas sales make up about 55% of revenues.
The company has kept "strategic" large systems but little else; it is now offering cloud-based and integrated hardware/software/service solutions for diverse needs such as business analytics and data security.
It recently invested $4 billion in "new" core strategic areas in cloud and mobile computing, analytics and information security.
It is buying up its own stock, almost 6% of its float last year.
Its business mix is shifting from less profitable hardware to more profitable services, first came consulting, then outsourcing and now, leading-edge analytics, security and cloud services.
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