IBM Expects Strong Sales Growth in 2023

The video discusses IBM's sales forecast of 3-5% growth for 2023, which is slightly better than expected. Despite a soft market, IBM maintains its free cash flow guidance. The company benefits from its focus on software and services, which constitute 70% of its revenue. IT spending is slowing, but IBM's cloud pivot offers some resilience. Future growth depends on tech spending recovery. IBM is also considering divestitures to focus on core infrastructure products.

What was the sales increase forecast for IBM in 2023?

• 2 to 4%

• 5 to 7%

• 3 to 5%

• 6 to 8%

Which company's performance was noted as a negative aspect in IBM's report?

• Microsoft

• Extreme Networks

• CDW

• Red Hat

What percentage of IBM's revenue comes from software and services?

• 80%

• 50%

• 60%

• 70%

What is one of the strategic moves IBM is considering under its new CEO?

• Focusing on hardware products

• Expanding its weather business

• Divesting non-core businesses

• Entering the retail market

What is IBM's strategy to maintain profitability?

• Increase hardware sales

• Reduce workforce

• Focus on infrastructure software

• Expand into new markets