IBM expects to hit the top end of its revenue growth forecast for 2022, the company said on Tuesday, even as it flagged a $300 million knock to revenue from the suspension of its business in Russia.
Having shed its large and laggard IT-managed infrastructure business last year, IBM has bet on high-growth software and consulting businesses with a focus on the so-called "hybrid cloud".The century-old company said it expects to hit the higher end of its mid-single-digit revenue growth forecast for this year, with the growth expected to come from the consulting business.
Kavanaugh told Reuters that clients pushing to digitize operations is fueling strong demand for the consulting business, including in Europe despite the Ukraine crisis.Register now for FREE unlimited access to Reuters.comReporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra Eluri and Sriraj KalluvilaSign up to our tech newsletter to get the latest news and trends in the global technology industry.
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