Company Profile For International Business Machines Corporation

International Business Machines Corporation (IBM), is an information technology (IT) company. The Company's major operations include Global Technology Services segment (GTS), Global Business Services segment (GBS), Software segment, Systems and Technology segment, and Global Financing segment. On January 31, 2008, the Company acquired 100% of Cognos, Inc. On April 3, 2008, IBM acquired 100% of Telelogic, AB. In July 2008, the Company acquired Platform Solutions, Inc. In December 2008, its internal global logistics operations were acquired by SNCF Transport and logistics division of Geodis. In July 2009, IBM acquired Ounce Labs, Inc., a privately held company based in Waltham, Massachusetts, whose software helps companies to reduce the risks and costs associated with security and compliance concerns. In August 2009, the Company announced the launch of its China Analytics Solution Center, part of a network of global centers.

BRIEF: For the nine months 30 September 2009, International Business Machines Corporation's revenues decreased 11% to $68.53B. Net income increased 9% to $8.6B. Revenues reflect a decrease in the income from Global Technology Services, lower income from strategic outsourcing and a decrease in income from Global Business Service segment. Net income was partially offset by a decrease in research & development expenses and lower general & administrative expenses.