BRIEF-IBM CFO - Expect Q3 Constant Currency Revenue Growth Consistent With The Full Year

BRIEF-IBM CFO - Expect Q3 Constant Currency Revenue Growth Consistent With The Full Year - Conf Call

IBM Corp

IBM

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July 22 (Reuters) - International Business Machines Corp IBM.N:

IBM CFO: EXPECT Q3 CONSTANT CURRENCY REVENUE GROWTH CONSISTENT WITH THE FULL YEAR - CONF CALL
IBM CFO: GIVEN STRENGTHENING OF DOLLAR, NOW EXPECT CURRENCY TO BE A 1.5 POINT HEADWIND TO REVENUE GROWTH IN Q3
IBM CFO: GENERATIVE AI REPRESENTED ABOUT 50% OF CONSULTING SIGNINGS IN Q2, NOW MAKES UP OVER 30% OF BACKLOG
IBM CEO: MAJORITY OF WHAT DIDN'T HAPPEN IN Q2 WAS LARGE CAPEX DEALS AT LARGE CLIENTS
IBM CEO: THE VOLUME OR THE NUMBER OF THOSE DEALS WAS IN THE LOW 10S, VERY PLEASED TO SEE THAT ABOUT A THIRD OF THOSE HAVE ALREADY CLOSED

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