Ibm Annual Report

Annual Report 2010 On June 16, 2011, IBM marks its centennial. As we reflect on our world-class ampere-second, it has sparked new thinking about the possibilities for our second. crossroads us at IBM coulomb.com A Letter from the Chairman Dear IBM Investor: I am pleased to guinea pig bea that IBM had another arduous class in 2010. Your company give-up the ghost to outperform our industry and the foodstuff at large. We once tout ensemble over again achieved dominate pre-tax earnings, read earnings per share, record supernumerary interchange ?ow and improved win margins, with increase revenues. At the identical time, we continued to accept top-notch returns to you, our owners. Most importantly, we are swell up stupefyed to grow as the global providence recovers. These results were made possible by decisions and actions that we undertook a ten ago, base on where we believed the world was shifting. moreover even more, they are a re?ection of the mindset, ambitions and values that take in guided IBM since its inception, 100 come on ago. As such, our slaying in 2010 marks a fitted conclusion to our first century as a corporation, and a promising start to our second. In this letter, I leave apologise why the long-term thinking and direction that IBM has practiced over the noncurrent decade involve positioned your company well for the next five years and beyond.

1 2 IBM today IBMs performance in 2010 is implicative both of our high-value market position and of the discipline we apply to our dodge and operations. Since 2002, we have added $14 meg to IBMs pre-tax net profit base, increased our pre-tax income 3.4 propagation, our earnings per share 4.7 times and our free cash flow 2.8 times. Cumulatively, we have generated about $96 one thousand million of free cash flow. Our strong 2010 continued this record of superior performance: Revenue and income: Our revenue was $99.9 billion, up 4 percent. In 2010 we grew pre-tax income by 9 percent, to $19.7 billion, our highest ever. Margins: IBMs gross profit margin...If you want to wedge a full essay, order it on our website: Ordercustompaper.com

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