INTERNATIONAL BUSINESS MACHINES CORPORATION

International Business Machines Corporation is one of the world's leading computer services companies. Net sales break down by activity as follows:

- cognitive solutions and transaction processing software development (42.1%);

- IT services (31.1%): consulting (management of logistic chains, financial performance, CRM, human resources, etc.), application management, systems integration, cloud computing, hosting, technical support services, etc.;

- sale of IT infrastructure (24.7%): hybrid IT infrastructure solutions, microcomputers, servers, peripheral devices, networks, data storage equipment, etc.;

- financing of computer equipment (1.4%);

- other (0.7%).

Net sales are distributed geographically as follows: the United States (39.9%), Americas (9.5%), Europe/Middle East/Africa (30.4%) and Asia/Pacific (20.2%).