In 2021, the revenue of IBM reached more than 57 billion U.S. dollars. IBM's revenues have declined since 2011 when it peaked at a record 106.9 billion U.S. dollars. Despite this decline over the past few years, IBM is still one of the most valuable technology brands in the world behind the likes of Apple ,Google, Amazon, and Microsoft.
IBM’s response to a shifting market
A tech giant since the nineties, IBM has faced struggles adjusting to changes in the marketplace. Recently the company has focused on what it terms “strategic imperatives”: getting rid of low-margin businesses and investing in high-margin businesses. At the end of 2018, for example, IBM sold IBM WebSphere Commerce to HCL Technologies for 1.8 billion U.S. dollars. IBM is still very profitable, although not at the level as between 2006 and 2012. Reflecting the changing demands of digital transformation, the largest source of IBM’s revenue for fiscal year 2020 now comes from its technology services and cloud platforms business segment, which specializes in helping organizations integrate their traditional infrastructure into a multicloud environment.
IBM revenue worldwide from 1999 to 2021
(in billion U.S. dollars)
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IBM. (March 7, 2022). IBM revenue worldwide from 1999 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 18, 2022, from https://www.statista.com/statistics/265003/ibms-revenue-since-1999/
IBM. "IBM revenue worldwide from 1999 to 2021 (in billion U.S. dollars)." Chart. March 7, 2022. Statista. Accessed May 18, 2022. https://www.statista.com/statistics/265003/ibms-revenue-since-1999/
IBM. (2022). IBM revenue worldwide from 1999 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 18, 2022. https://www.statista.com/statistics/265003/ibms-revenue-since-1999/
IBM. "Ibm Revenue Worldwide from 1999 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Mar 2022, https://www.statista.com/statistics/265003/ibms-revenue-since-1999/
IBM, IBM revenue worldwide from 1999 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/265003/ibms-revenue-since-1999/ (last visited May 18, 2022)