IBM Celebrates Its 100th Birthday, Set To Pass $100 Billion Annual Revenue Mark
IBM could be forgiven for getting a bit misty eyed, at least on a corporate level, on the auspicious occasion of its 100th birthday this week. 100 years … think about that for a minute. IBM is so old, its Australian division opened shop in 1932.
IBM has topped the list of companies receiving U.S. patents for 18 years running. But on its 100th birthday, IBM focused not on its innovation, but staying power. In an ad that ran in The Wall Street Journal this week, IBM noted that "Nearly all the companies our grandparents admired have disappeared", and that companies that wish to achieve longevity need to "manage for the long term."
Fittingly, IBM this week also said it's on track to pass $100 billion in annual sales this year. A Happy Birthday indeed for a company that has definitely come to win for the vast majority of its history.
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