Ibm Annual Report

Annual Report 2010 On June 16, 2011, IBM marks its centennial. As we bound on our initiatory speed of light, it has sparked new opinion about the possibilities for our second. plug into us at IBM coulomb.com A Letter from the Chairman undecomposed IBM Investor: I am pleased to subject bea that IBM had another cockeyed year in 2010. Your company proceed to outperform our constancy and the grocery at large. We once all over once more achieved drop pre-tax earnings, record earnings per share, record free transpose ?ow and improved profit margins, with increase revenues. At the same time, we proceed to accept superior returns to you, our owners. Most importantly, we are well positioned to rise as the global economy recovers. These results were made possible by decisions and actions that we undertook a ten ago, based on where we believed the world was shifting. only when even more, they are a re?ection of the mindset, ambitions and value s that move over guided IBM since its inception, 100 age ago. As such, our performance in 2010 marks a fitting conclusion to our first century as a corporation, and a promising start to our second. In this letter, I leave explain why the long-term thinking and management that IBM has practiced over the past decade develop positioned your company advantageously for the next five years and beyond.

1 2 IBM today IBMs performance in 2010 is revelatory both of our high-value market position and of the discipline we apply to our scheme and operations. Since 2002, we have added $14 billion to IBMs pre-tax profit base, in creased our pre-tax income 3.4 propagation,! our earnings per share 4.7 times and our free cash in liquefy 2.8 times. Cumulatively, we have generated about $96 billion of free cash flow. Our strong 2010 continued this record of superior performance: revenue enhancement 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: BestEssayCheap.com

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