CLAIM #30903 · IBM (IBM) · 2022Q1 earnings call · Apr 19, 2022 · due Dec 31, 2022
“Even in difficult environments, we believe that the adoption of those platforms is going to continue with all of our clients.”
Arvind Krishna · CEO
In context
“rtfolio of Consulting business and how that might fare in a more, I guess, difficult macro environment where customers may kind of sharpen the pencils on their budgets. Is it different than, say, system integration application engineering Consulting spend? Arvind Krishna: Yeah. So, Brian, thank you for the question. And it is one that we think a lot about and we talk a lot to our clients about to understand where they are. So if you look at the makeup of our Consulting portfolio and that is we have very little of what I would call the Infrastructure Services. Those all went with Kyndryl. So what we have left is helping clients, and Jim, talked about the very high growth rates with some of our ecosystem partners, that is Consulting around topics like Salesforce and Adobe and public Clouds. Even in difficult environments, we believe that the adoption of those platforms is going to continue with all of our clients. Second, as we look at digitization, so digitization is not just taking something and coloring -- just coloring it and making it digital. But if we look at it as being one of the primary ways to address the labor demographics issue, meaning the shortage of high skill labor that is there pretty much globally, then we believe that that actually continues even in a difficult environment, because it gives our clients a way to go address that. If I take, for example, airline scheduling, if you take re-booking of passengers, if I take quote to cash, where you cut across all of the silos, if I take much more real-time impact of revenue and omnichannel, these are all examples of our Consulting projects, which we see carrying on even through a difficult environment. So when I look at that that tell”
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SEC filings for IBM ↗ · Claim quote is verbatim from the 2022Q1 earnings call.