News

Business

On HALO

3 days ago

IBM CEO addresses Wall Street tech panic after delayed enterprise software deals surge back

IBM CEO Arvind Krishna set the record straight over fears of a long-term tech slowdown, revealing that one-third of the major enterprise deals delayed during a rocky second quarter have since returned to the company.Speaking on "The Claman Countdown," Krishna explained that a major semiconductor price increase forced enterprise clients to briefly divert spending toward physical servers.While that spending shift hurt IBM’s upfront software sales, Krishna said that artificial intelligence remains a major growth driver and that delayed deals are already coming back."One-third of all the deals tha...