IBM forecasts upbeat 2022 revenue on cloud strength; flags Russia hit ...Middle East

IBM said on Tuesday it expects to hit the top end of its revenue growth forecast for 2022 even as it accounted for a hit of a "few hundred million dollars" from the suspension of its business in Russia. IBM expects the impact from Russia to be less than "half a percent" of total revenue last year, or a little over $200 million, Chief Financial Officer James Kavanaugh told Reuters.

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