IBM said on Tuesday it expects to hit the top end of its revenue growth forecast for 2022 even as it accounted for a hit of a"few hundred million dollars" from the suspension of its business in Russia.
Servers from IBM, Dell Technologies Inc and Hewlett Packard Enterprise Co top the market in Russia. IBM had generated"a couple hundred million dollars" in profit from the region last year, Kavanaugh said. IBM's revenue grew 3.9 per cent in 2021. Analysts on average expect annual revenue of $60.69 billion, which implies a 5.8 per cent rise from last year, according to IBES data from Refinitiv.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: