ARMONK, N.Y. – International Business Machines (IBM) checked in at number 20 in the annual Fortune 500 rankings , one spot below its 2012 ranking. The company, headquartered at 1 New Orchard Road in Armonk, reported $104.5 billion in revenue in 2012.
The list, which is ranked by a company's 2012 revenue, is a way for investors to gauge the relative size of the operations of companies. Fortune magazine publishes the widely followed list once a year.
Its review of IBM was strong.
“IBM stuck to its formula of strong earnings with flat revenues in 2012,” the report said. “Net income was up 5 percent while revenues decreased 2 percent, reflecting Big Blue’s increased focus on higher margin products like software and data analysis services for companies.”
The report also pointed out that IBM’s most visible group was its Smarter Planet initiative, which tailors solutions for governments that help manage traffic, reduce energy consumption and “curb crime.”
That group’s revenue “grew by 25 percent and its services formed the basis of a much-admired marketing campaign.”
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