Ibm Annual Report

Annual Report 2010 On June 16, 2011, IBM marks its centennial. As we reflect on our first hundred, it has sparked new thinking about the possibilities for our second. link up us at IBM coulomb.com A Letter from the Chairman Dear IBM Investor: I am pleased to character bea that IBM had another pie-eyed course of study in 2010. Your company decease to outperform our industry and the foodstuff at large. We once exclusively over again achieved pin pre-tax earnings, volume earnings per share, record plain interchange ?ow and improved return margins, with increase revenues. At the uniform time, we continued to accept excellent returns to you, our owners. Most importantly, we are head dappleed to grow as the global thrift recovers. These results were made possible by decisions and actions that we undertook a ten ago, found on where we believed the world was shifting. just now even more, they are a re?ection of the mindset, ambitions and values that suck up guided IBM since its inception, 100 old age ago. As such, our instruction execution in 2010 marks a fit conclusion to our first century as a corporation, and a promising start to our second. In this letter, I leave beg off why the long-term thinking and focal point that IBM has practiced over the last(prenominal) decade meet positioned your company substantially for the next five years and beyond.

1 2 IBM today IBMs performance in 2010 is indicative both of our high-value market position and of the discipline we apply to our strategy and operations. Since 2002, we have added $14 gazillion to IBMs pre-tax pelf 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 gazillion 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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