Corporations large and small are not yet showing any signs of clipping their enterprise technology spending says IBM's boss, despite mounting fears about the parlous state of economies around the world. Maybe it's wishful thinking.
Blue Blue CEO Arvind Krishna was yesterday speaking at an Economic Club of New York event and said that short of a "catastrophic recession," he anticipates no change to companies' tech budgets. “As I talk to CEOs and CIOs across the globe, almost none of them are talking about cutting down technology spending," he said. One potential trouble spot highlighted is the energy crisis in Europe.
Cisco rolled out results this week and CEO Chuck Robbins said the energy issue was "forcing" local organizations to "take a look at their P&L as you would have to and where they spend their dollars." The winter in the region remains mild, though, and that is a "positive sign." Businesses flocked to the cloud during the pandemic as employees were forced to work remotely, and although IBM wasn't the major beneficiary of this splurge – AWS, Microsoft and Google were in the infrastructure segment – IBM is in the right wheelhouse.
www.theregister.com
