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MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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International Business Machines : IBM investing €10mn at Hungarian IT centre

12/01/2020 | 03:16am EST

IBM is investing HUF3.5bn (€9.7mn) at its IT centre in Szekesfehervar, 40km south of Budapest, it was announced on November 30. The government is supporting the expansion with a HUF1bn grant. The investment will add 300 jobs to the 1,700 at present

IBM Client Innovation Centre provides IT services, server operation, system management. Remote monitoring means the supervision of the functioning of operational and financial activities, teamwork promoting and corresponding, as well as production support systems of foreign clients.

Service centres like IBM are key to providing jobs for well-trained young workers, and to building a research and development-based economy, Minister of Foreign Affairs and Trade Peter Szijjarto said on Monday. Investments during the pandemic  key to keeping the Hungarian economy robust so it withstands the crisis, as it did in 2008, he added.

Hungary has become one of the leading international centres of business services in the Central and Eastern European region over the past decade. Companies in the sector employ 64,000 people.

The SSC industry has seen a more than 10% annual growth in the past decades. This year the core business of some SSC was hit by the virus, yet, in general, the majority of them are still growing, despite the crisis.

IBM Magyarorszag had net revenue of almost HUF18bn last year, up from HUF16.5bn a year earlier. It achieved most of its turnover through foreign sales. After-tax profit was unchanged at HUF2.5bn. The company employs close to 6,000 in Hungary.

 

©2020 bne IntelliNews , source Magazine

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Financials (USD)
Sales 2020 73 958 M - -
Net income 2020 5 393 M - -
Net Debt 2020 53 023 M - -
P/E ratio 2020 19,8x
Yield 2020 5,48%
Capitalization 106 B 106 B -
EV / Sales 2020 2,15x
EV / Sales 2021 2,04x
Nbr of Employees 352 600
Free-Float 39,7%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
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International Business Machines Corporation Technical Analysis Chart | IBM | US4592001014 | MarketScreener
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 137,29 $
Last Close Price 118,58 $
Spread / Highest target 34,9%
Spread / Average Target 15,8%
Spread / Lowest Target -1,33%
EPS Revisions
Managers and Directors
NameTitle
Arvind Krishna Chairman & Chief Executive Officer
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
James J. Kavanaugh Chief Financial Officer & Senior Vice President
Juan Antonio Zufiria Senior VP-IBM Global Technology Services
Fletcher Previn Chief Information Officer
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