Iran · CNBC Technology
IBM CEO Krishna tells Iran, other uncertainty is weighing on company's outlook
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International Business Machines CEO Arvind Krishna told CNBC on Wednesday that the Iran war and other geopolitical uncertainty are leading the company to guide cautiously.
Key facts
- The company reported first-quarter revenue of $15.92 billion, beating the $15.62 billion consensus estimate from LSEG
- Earnings per share came in at an adjusted $1.91, 10 cents better than expectations
- International Business Machines CEO Arvind Krishna told CNBC on Wednesday that the Iran war and other geopolitical uncertainty are leading the company to guide cautiously
- Krishna noted that despite the Iran conflict, IBM's Middle East business did well
Summary
IBM beat analyst first-quarter earnings estimates on the top and bottom lines, but maintained guidance due to the macro uncertainty. "Is there going to be an issue around oil as inflation goes up? Krishna noted that despite the Iran conflict, IBM's Middle East business did well. The company reported first-quarter revenue of $15.92 billion, beating the $15.62 billion consensus estimate from LSEG.