Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
IBM
CEO: Virginia Rometty
Dec. 30, 2016: $165.99
March 31, 2017: $174.14
Change: +4.91%
IBM has been working through a business transformation to focus on high-margin cloud, analytics, mobile, social and security businesses that now account for nearly $33 billion in annual sales – 40 percent of the company's overall revenue.
In January IBM reported that revenue in 2016 declined more than 2 percent to $79.92 billion from $81.74 billion in 2015. Net income for the year declined 11.1 percent to $11.87 billion from $13.36 billion in 2015.