Founded back in 1911, International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. Corporation’s scope of activities spreads from manufacturing and marketing of computer hardware, middleware and software, to delivery of hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
Following its strategy of continuous growth and expansion, IBM got actively involved in Blockchain and IoT solutions development.
Company’s major tech-based products include IBM Blockchain, which is a public cloud service for secure blockchain networks development; and IBM Watson IoT Platform – a foundational cloud offering for connection and control over IoT sensors, appliances, homes, and the whole industries.
For the second quarter earnings, IBM benefitted immensely from the activities of its newly spun public-traded information technology infrastructure services offshoot Kyndryl Holdings.
