![]() Get Quote: IBM
Financials: Latest Results
Rank: 14 (Previous rank: 15)
Compare tool: International Business Machines vs. Top 10 CEO: Samuel J. Palmisano Address: 1 New Orchard Rd. Armonk, NY 10504 Phone: 914-499-1900 Website: www.ibm.com In a year of bellwether blowouts, IBM held its own -- and more. The company's ongoing shift from hardware to software and services continued to pay off: IBM's profit climbed 18% in 2008, fueled by overseas growth in countries from Argentina to Vietnam. Big Blue's buying binge continued with 15 acquisitions, up from 12 in 2007. But in March, the spending spree hit a snag when the board of Sun Microsystems got cold feet and nixed IBM's $7 billon bid. - J.R.
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Industry: Information Technology Services
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