IBM 2015 Annual Report Download - page 3

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Please find page 3 of the 2015 IBM annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Dear IBM Investor:
IBM is unique. It is the only company in our industry that
has reinvented itself through multiple technology eras and
economic cycles. We do so for one reason: to create
differentiating value for our clients and for you, our owners.
We are doing so again, in an IT industry that is
fundamentally reordering at an unprecedented pace.
In important ways, our industry is unrecognizable from
what it looked like just a few years ago. So is your company.
Today, IBM is much more than a “hardware, software,
services” company. IBM is now emerging as a cognitive
solutions and cloud platform company.