CLAIM #31018 · IBM (IBM) · 2023Q1 earnings call · Apr 19, 2023 · due Dec 31, 2023
“All of this supports our revenue growth expectations for the year.”
Arvind Krishna · CEO
In context
“ting as clients continue to accelerate their digital transformations, modernize their applications, automate their workflows, and create flexible and secure hybrid cloud environments. More recently, clients are prioritizing digital transformation projects that focus on cost takeout, productivity and quick returns. While demand for our offerings that support these priorities remains solid, we are seeing some deceleration in Consulting from the previous robust growth levels, especially in the United States. Globally, our clients continue to see technology as a fundamental source of competitive advantage. Technology helps them scale and enhance productivity, which is especially important in the face of inflation, demographic shift, cybersecurity, supply chain issues and sustainability goals. All of this supports our revenue growth expectations for the year. Our focus remains on revenue growth and free cash flow. 90 days ago, I shared that in 2023, we continue to unlock more productivity, expand our strategic partnerships and put more investment in specific growth markets. Productivity has always been an important part of our business model. It frees up spending and increases financial flexibility to enable investments. We have started to see some of this pay back in our results, which gives us confidence in our ability to achieve our full year free cash flow objectives. Let me spend a few minutes on the progress we have made in the execution of our strategy. Our focus is on hybrid cloud and artificial intelligence, the two most influential technologies for business. In tandem, these technologies drive both business outcomes and innovation. H”
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SEC filings for IBM ↗ · Claim quote is verbatim from the 2023Q1 earnings call.