If you hold IBM shares, you may be interested in knowing IBM’s net worth in 2023. IBM is one of the world’s top companies in the information technology industry. And it has been creating revolutionary solutions since 1911.
As a publicly-traded company with multiple investors, the company’s net worth in 2023 remains an ongoing hot topic. As of Q1, its net worth stands at $113 billion. Which is a 4.8% increase from the previous fiscal year. And considering the progress made by IBM in AI and automated coding, this net worth will likely continue to increase.
What is IBM’s Net Worth in 2023?
IBM is a multinational information technology company that operates in over 170 countries. It provides technology solutions to its clients and offers them consulting services. The company is ranked as one of the most valuable brands in the world.
Over the years, IBM has grown to become one of the largest technology companies in the world. It has made breakthroughs in several areas, such as storage systems, cloud computing platforms, and supercomputers.
To work out ones net worth, one needs to know how much the company’s assets are worth. You must also know the value of its liabilities. When you subtract the total of the liabilities from the total worth of the assets, you’re left with the net worth figure.
In 2017, the gross revenue generated by IBM was $79.1 billion, and their net annual income was $5.7 billion. Since then, the company’s net worth has grown significantly from $23 billion in 2011 to $113 billion in 2023.
The History of IBM
IBM, often referred to as “Big Blue,” was founded in 1911 by Charles Ranlett Flint, an American businessman and banker. He merged two companies to form the Computing Tabulating Recording Company (CTR). CTR was later renamed International Business Machines (IBM) in 1924.
The initial IBM concept was to bring different businesses under one brand name. And the company launched its first PC with an Intel processor in 1981. Before PCs gained market share, it was already a very successful product with more than 10 million units sold.
In 1985 Microsoft Windows 1.0 was launched on an IBM computer. This marked the beginning of Windows’ history and helped grow this operating system’s popularity. The software was soon adopted on IBM desktop computers worldwide over the years that followed.
Conclusion
IBM has been honored with numerous awards and achievements throughout its history. This includes its 56 entries in Corporate Responsibility Magazine’s 100 Best Corporate Citizens List.
Forbes has also recognized IBM as one of the World’s Most Respected Companies for eight consecutive years. And they named IBM one of America’s Best Employers for three years running.
These achievements, along with a stable net worth and steady annual revenue, paint the picture of a company with a solid foundation. All of these make IBM a good investment opportunity over the long term. That’s why it isn’t surprising to learn that the company’s net worth in 2023 is estimated to be about $113 billion.
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