IBM CEO: AI, hybrid cloud ‘most transformative enterprise technology’

IBM Chairman and CEO Arvind Krishna called IBM’s partner ecosystem a “key component” of the technology giant’s market launch, including IBM’s Red Hat business, consulting segments, and products around hybrid cloud, automation and mainframes. highlighted the significant benefits from

These are some of the highlights of Krishna’s remarks to investors on Wednesday in IBM’s earnings release for the third quarter of its fiscal year, the quarter ended September 30.

“Our partner ecosystem is a key element of our strategy,” says Krishna. “Quarterly, we continue to expand our operations with partners to serve our joint customers.”

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Below are the details of what Krishna had to say about IBM’s achievements and future prospects.

IBM Revenue Growth Guidance

Technology remains a fundamental source of competitive advantage. And demand for hybrid cloud and AI solutions remains strong.

IBM Consulting’s continued double-digit revenue growth captures client demand for digital transformation. Software revenue performance was also strong, with growth across all categories. Our infrastructure business also had a strong growth quarter for both Z Systems and Distributed Infrastructure. Our earning power was also geographically broad.

From talking to our clients, it’s clear that there is a real opportunity to help companies leverage technology in today’s environment. Our clients are addressing everything from inflation to demographic change, bottlenecks in their supply chains to sustainability initiatives.

IBM deploys powerful hybrid cloud and AI technologies to help businesses seize new opportunities, overcome today’s challenges, and come out stronger. We, too, are building a stronger company that better fits your needs.

In line with our hybrid cloud and AI strategy, we have continued to focus on our portfolio. Invest in our products, technical talent and ecosystem. Strong performance throughout the first three quarters and a streamlined go-to-market model.

We expect 2022 earnings to outperform the mid-single-digit models.