The document discusses IBM's focus on innovation to drive future growth. It highlights IBM's investments in research and development through its 10 research labs and 42 innovation centers. IBM has acquired 116 companies since 2000 and continues to lead in areas like patents, the breadth of its portfolio, brand value, and financial results. The document promotes IBM's vision of building a smarter planet by using technology to instrument, interconnect and intelligently analyze data across various industries. IBM aims to solve industry problems through its smarter planet principles and deliver value to clients.