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IBM's net income 1999-2018
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IBM's net income 1999-2018
IBM's net income in the fiscal years from 1999 to 2018 (in billion U.S. dollars)
by Arne Holst,
last edited
Aug 9, 2019
IBM achieved a net income of 8.73 billion U.S. dollars in 2018, an increase of about three billion U.S. dollars from 2017’s decade low of 5.75 billion U.S. dollars. After experiencing a steady increase of net income over roughly a decade up to 2013, the company’s performance over the past five years has been somewhat uneven. Some of this can be attributed to a quickly evolving market environment. IBM is transforming its business following an industry wide change of digital transformation, shifting away from being a hardware, software and services company, towards becoming a cognitive solutions and cloud platform company. In 2016, IBM changed its segment reporting to reflect this directional modification, and realigned the software portfolio.
Adjusting to the era of cloud computing
IBM is now focusing on hybrid and multi-cloud, as well as artificial intelligence (AI) to better align its portfolio to market demands, and emphasizes strong integration between the two subjects. This combination is exemplified by IBM’s 34 billion U.S. dollar acquisition of AI open-source software company Red Hat, which is set to be completed sometime in mid-2019. Other significant acquisitions include data analytics and management services company Truven Health Analytics, and cloud object storage system company Cleversafe. IBM is aggressively expanding into cloud computing and data analytics, though it faces strong competition with cloud providers Alphabet and Amazon.
IBM's net income in the fiscal years from 1999 to 2018 (in billion U.S. dollars)
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by Arne Holst,
last edited
Aug 9, 2019
IBM achieved a net income of 8.73 billion U.S. dollars in 2018, an increase of about three billion U.S. dollars from 2017’s decade low of 5.75 billion U.S. dollars. After experiencing a steady increase of net income over roughly a decade up to 2013, the company’s performance over the past five years has been somewhat uneven. Some of this can be attributed to a quickly evolving market environment. IBM is transforming its business following an industry wide change of digital transformation, shifting away from being a hardware, software and services company, towards becoming a cognitive solutions and cloud platform company. In 2016, IBM changed its segment reporting to reflect this directional modification, and realigned the software portfolio.
Adjusting to the era of cloud computing
IBM is now focusing on hybrid and multi-cloud, as well as artificial intelligence (AI) to better align its portfolio to market demands, and emphasizes strong integration between the two subjects. This combination is exemplified by IBM’s 34 billion U.S. dollar acquisition of AI open-source software company Red Hat, which is set to be completed sometime in mid-2019. Other significant acquisitions include data analytics and management services company Truven Health Analytics, and cloud object storage system company Cleversafe. IBM is aggressively expanding into cloud computing and data analytics, though it faces strong competition with cloud providers Alphabet and Amazon.
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- Release date
- February 2019
- Region
- Worldwide
- Survey time period
- 2010 to 2018
- Supplementary notes
- * Includes charges of 2.0 billion U.S. dollars in 2018 and 5.5 billion U.S. dollars in 2017 associated with U.S. tax reform.
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- As a Premium user you get access to the detailed source references and background information about this statistic.
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- Release date
- February 2019
More information
- Region
- Worldwide
- Survey time period
- 2010 to 2018
- Supplementary notes
- * Includes charges of 2.0 billion U.S. dollars in 2018 and 5.5 billion U.S. dollars in 2017 associated with U.S. tax reform.
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