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Power and Strength through Diversity
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Today we watched Barack Obama get inaugurated as the 44th President of the United States, and he reminded all Americans that the power and strength of this country comes through its diversity.To some extent, this is also what gives IBM its power and strength as well. While not quite the orator of President Obama, IBM's own CFO, Mark Loughridge, gave a rousing speech about IBM's 4Q08 and year-end financial results.
In 2008, IBM was not just successful because it had a wide diversity of servers and storage hardware products, but also a diversity of software, and a diversity of service offerings.And lastly, IBM sells to a diversity of clients in different industries, throughout a diversity of markets. While the current economic meltdown might have affected businesses focused on the US and other major markets, IBM did particularly well last year in growth markets, including the so-called BRIC countries (Brazil, Russia, India and China).
IBM's approach to invest in R&D and its nearly 400,000 employees for long-term success continues to pay off. Where "Cash is King", IBM can also afford all those acquisitions and strategic initiatives, positioning the company for a brighter future.
Where there are challenges, IBM finds opportunity.