With a second consecutive quarter of growth, the IT company contrasts with the inconstancy of past years. Alone in charge after the departure of the former boss of Red Hat, Arvind Krishna unfolds his plan.
Relief at IBM! After years of checkered results, with more lows than highs, the IT company has just concluded its best quarter in three years. Between April and June, revenues for the century-old company determined to modernize to the cloud and artificial intelligence rose 3.4% to $ 18.75 billion.
By beating analysts’ expectations, Arvind Krishna seems poised to succeed in his bet on a return to growth. The growth rate for this second consecutive quarter of turnover growth contrasts with the inconstancy of previous years. Appointed boss of the group in April 2020 at the start of the Covid-19 pandemic, the leader could not avoid a declining 2020 fiscal year (-4.5% for $ 73 billion in revenue).