110703028
資科三 柏慶銘
IBM
Brief Introduc.on
IBM, a global technology powerhouse founded in 1911 and headquartered
in Armonk, New York, has a storied history marked by pioneering innovaBons in
hardware and soCware soluBons. From the first programmable computer to the
iconic IBM PC, the company has conBnually evolved its offerings.
In recent years, IBM has strategically diversified into consulBng, technology,
and business services, with a parBcular focus on cogniBve soluBons and cloud
compuBng under leaders like Sam Palmisano and Virginia "Ginni" RomeOy.
Notable acquisiBons, such as Red Hat SoCware in 2019, have reinforced its
presence in hybrid cloud compuBng.
Today, IBM's product lineup encompasses server hardware, storage
soluBons, soCware for analyBcs, IT infrastructure, mobile, social, and security,
alongside a suite of services like consulBng, outsourcing, and cloud compuBng.
Renowned for its research and development prowess, IBM conBnues to lead in
areas like blockchain, quantum compuBng, and cogniBve technology.
In the compeBBve landscape, IBM faces formidable rivals across its various
product segments. Companies like HewleO Packard Enterprise (HPE), Dell
Technologies, and Cisco Systems challenge its server hardware dominance. In the
cloud compuBng realm, Amazon Web Services (AWS), MicrosoC Azure, and
Google Cloud Pla[orm (GCP) pose significant compeBBon.
Despite industry rivals, IBM remains a resilient force, conBnually adapBng
to market shiCs and driving innovaBon to maintain its leadership posiBon.
Impact of COVID-19
The COVID-19 pandemic and recent economic shortcomings have had a
significant impact on IBM. The pandemic led to disrupBons in global supply
chains, changes in customer behavior, and a shiC towards remote work, impacBng
IBM's operaBons and revenue streams. Economic challenges resulted in delays or
cancellaBons of projects, reduced spending on IT services, and heightened
uncertainty in the market. Despite these challenges, IBM has demonstrated
resilience by adapBng its strategies, focusing on areas of increased demand like
cloud compuBng and cybersecurity, and conBnuing to innovate to meet evolving
customer needs.
Analysis of Property and Equipment (Fixed Assets)
This comparison of fixed assets between December 31, 2023, and
December 31, 2022, highlights notable changes in IBM's asset por[olio over the
period. While the total gross fixed assets decreased from $18,695 million to
$18,122 million, indicaBng potenBal disposals or reduced investments in new
assets, the accumulated depreciaBon also decreased from $13,361 million to
$12,621 million. This reducBon suggests improved asset management or the
disposal of older assets with higher depreciaBon. Consequently, the net fixed
assets increased from $5,334 million to $5,501 million, signaling a higher net value
of fixed assets for IBM despite the decrease in gross fixed assets.
Analysis of Intangible Assets:
By observing the table of company’s intangible balances from 2022 to 2023,
The difference in total Accumulated AmorBzaBon of both years of 825, and Net
Carrying Amount of 11,036, implied that these assets are highly likely to sBll be
operable in the next couple years.
Reference:
hOps://www.techtarget.com/searchitchannel/definiBon/IBM-InternaBonalBusinessMachines#:~:text=IBM%20(InternaBonal%20Business%20Machines%20C
orporaBon)%20is%20a%20mulBnaBonal%20technology%20company,operaBons%
20in%20over%20170%20countries.