“So we feel pretty good, and that's why we had the confidence entering this year, Arvind, and I, to take up the transaction processing model to actually low single-digit growth from being down mid-singles. So we see that continuing.”

In context

“ccessful program and mainframe that we've had. Now why is it important? Yes, definitely, the value we deliver to clients, whether it's embedded AI, it's scale, cyber resilient security, cloud native development, but it's important internally to us, because it's a platform that drives a multiplier effect, to your question, around transaction processing. And we've been talking about this 2 times installed MIPS shift -- MIPS capacity over the last program. That was actually the z15 program over z14 because we're only 5 quarters into z16. But if you fast forward right now into z16, five quarters in, we're 120% to 130% up on an installed MIPS capacity already. And you know the tail of that usually happens in the outer path of the next three or four quarters before we come out with the new one. So we feel pretty good, and that's why we had the confidence entering this year, Arvind, and I, to take up the transaction processing model to actually low single-digit growth from being down mid-singles. So we see that continuing. Thanks for your question. Patricia Murphy: Okay, we’re at the top of the hour. But let’s squeeze in one more question, please. Operator: Thank you. Our final question comes from Ben Reitzes with Melius Research. You may go ahead. Ben Reitzes: Hey, thanks a lot. Thanks for sneaking me in there. I wanted to ask you, Arvind, in layman's terms with regard to AI, I find a lot of investors want to understand IBM's place better. And in terms of AI, where you have your consulting and then hand it off to software, are you finding that IBM is well positioned to help people pick the right models to train, to lower their cost? What is it about IBM with the consulting and software that has your unique place set for growth and some of the optimism that you sound like you have heading into next year? Ar”