IBM 2002 Annual Report Download - page 25

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23
IBM Global Financing
IBM Global Financing is the largest IT financier
in the world, with an asset base of $35 billion.
If it were a commercial bank, it would rank among
the top 25 in the United States.
$35 billion
in new financial agreements signed in 2002.
Of that total, $22 billion
in commercial financing was provided primarily
to business partners.
e-business On Demand
Hosting Services
IBM is the leader in e-business hosting,
with revenue equal to that of its three largest
competitors combined.
20 percent increase
in hosting revenue for 2002
500 new customers
worldwide in 2002—
350 were first-time IBM customers
mark loughridge
Senior Vice President
IBM Global Financing
Strategic Outsourcing
Customers who are increasingly interested in focusing on
core competencies are turning to strategic partners to manage and
operate their IT infrastructures. In 2002, IBM was awarded
42 strategic outsourcing contracts exceeding $100 million each,
and 5 contracts exceeding $1billion.
In 2002, IBM won the
largest outsourcing contract in its history.
JPMorgan Chase will invest $5 billion over seven years
to reduce operational costs, increase internal efficiencies, accelerate innovation,
and improve its ability to respond to changing market conditions
by using on demand technologies and services.
daria schuster
Pricing Manager
e-business Hosting Services
albert han kiat lee
Vice President, e-business
Hosting Services, Asia Pacific
jim corgel
General Manager
e-business Hosting Services
eric ray
Vice President
Strategic Outsourcing, Financial Markets