Shulou(Shulou.com)11/24 Report--

On March 13, IBM released its 2022 annual report. In a letter to investors from Arvind Krishna, chairman and CEO, he reintroduced "today's IBM" to the world: a technology company focused on "problem solving" and a "capacity convener" for a wide range of industries, working with employees, customers and partners.

According to reports, in 2022, IBM earned $60.5 billion (currently about 417.3 billion yuan) in revenue and $9.3 billion (currently about 64.1 billion yuan) in free cash flow. More than 70% of full-year revenue comes from software and consulting. Revenue from IBM software business grew by 12% at fixed exchange rates (including sales growth for Kyndryl, about 6 percentage points); consulting revenue from IBM grew by 15% at fixed exchange rates; infrastructure revenue increased by 14% at fixed exchange rates (including sales growth for Kyndryl, about 6 percentage points).

"in 2022, we bought eight companies for more than $2 billion (currently about 13.8 billion yuan) and returned nearly $6 billion (currently about 41.4 billion yuan) to shareholders in the form of dividends," Arvind Krishna stressed.

IBM made eight acquisitions in 2022, strengthening software and consulting services to address specific customer challenges, including environmental performance management software (Envizi), cyber security attack surface management (Randori), and digital transformation services (Octo) for the US federal government.

In addition, Arvind Krishna said in the letter: "our view on technology is consistent: hybrid cloud and artificial intelligence are ushering in a new era of higher productivity, easier insight, more effective decision-making, and better employee and customer experiences. This is the starting point for us to design products and services, that is, to bring greater business value to customers based on hybrid cloud and artificial intelligence technology. Compared to a single public cloud, the hybrid cloud brings more value-scalability, security, ease of use, flexibility, seamless experience and faster innovation cycle-making it the mainstream technology architecture of the enterprise. More and more enterprises are adopting hybrid clouds to unify data and applications in local, edge, and multi-cloud environments. "

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