International Business Machines Corporation (IBM) is a global technology company offering hybrid cloud and AI solutions. IBM helps clients with digital transformations, modernizing applications, and reimagining workflows to improve agility and drive innovation. IBM leverages its capabilities in software, consulting, and infrastructure, supported by its research organization.

• Employees: Not explicitly stated in the provided 10-K excerpt.
• Geographic Footprint: Operates in over 175 countries
• Headquarters: Armonk, New York
• Founded: 1911 (as Computing-Tabulating-Recording Co.)
• Number of locations/facilities: Approximately 44 million square feet of owned or leased facilities worldwide as of December 31, 2023.
• Revenue: Information not available in provided 10-K excerpt.
• Market Capitalization: $121.9 billion (as of Q2 2023)
• Key Subsidiaries/Brands: Red Hat

• CEO: Arvind Krishna (since 2020)
• CFO: James J. Kavanaugh
• Board Chair: Arvind Krishna
• General Counsel: Michelle H. Browdy
• Vice Chairman: Gary D. Cohn (since 2021)
• Controller: Nicolas A. Fehring
• Chief Human Resources Officer: Nickle J. LaMoreaux
• Chief Commercial Officer: Robert D. Thomas

Financial data not available in the provided 10-K excerpt. Refer to the full 10-K document for detailed financial information.

IBM offers integrated solutions across software, consulting, and infrastructure.

• Software: Hybrid cloud and AI platforms, enabling digital and AI transformations.
• Consulting: Integration of strategy, experience, technology, and operations expertise across various domains and industries.
• Infrastructure: On-premises and cloud-based server and storage solutions, including security, scalability, and reliability features.
• Financing: Client and commercial financing to facilitate the acquisition of IBM hardware, software, and services.

Segment information not available in the provided 10-K excerpt. Refer to the full 10-K document for details on business segments.

IBM's core strategy focuses on leveraging hybrid cloud and AI to drive client value. They prioritize innovation, strategic partnerships (including Adobe, AWS, Microsoft, Oracle, Salesforce, Samsung, and SAP), and optimizing their portfolio through organic and inorganic growth. IBM is also exploring future opportunities in areas like quantum computing.

IBM operates in a highly competitive technology market with competitors varying by segment. Key competitors include hyperscalers, established technology companies, and smaller niche players. Specific competitors mentioned include Alphabet (Google), Amazon, BMC, Broadcom, Informatica, Microsoft, Oracle, Palo Alto Networks, Salesforce, SAP, Splunk, Dell, HPE, Intel, NetApp, and Pure Storage.

• Economic downturn and reduced client spending: Decreases in demand for products/services could impact revenue and profit.
• Failure of innovation initiatives: Inability to innovate or commercialize new technologies could hinder market share and profitability.
• Reputational damage: Negative events could impact client trust and partnerships.
• Risks from growth investments: Uncertain client adoption and evolving business models in high-growth segments could affect profitability.
• Intellectual property challenges: Existing patents may not prevent competition, and obtaining necessary licenses could be difficult.