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2. International Business Machines
International Business Machines
Fortune 500 rank: 14

IBM's Global Business Services and Global Technology Services divisions pushed profits to $12.3 billion -- an 18.4% jump -- on record sales of $103.6 billion. Asia in particular showed strong growth for Big Blue.

As the downturn drags on, the company's Smarter Planet initiative is creating technology to capitalize on government programs to create smart power grids and add networked intelligence to water and traffic systems.

NEXT: Hewlett-Packard
Last updated April 29 2009: 1:31 PM ET
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