IBM Q1 2026 Earnings: CEO Krishna Says AI Is A Tailwind To The Business
IBM CEO Arvind Krishna said AI is a tailwind to the company's business, with its AI platform and related business exceeding $1.5 billion and contributing 2 points of growth on an annualized basis. IBM's AI business eclipsed $4 billion in annual recurring revenue in the first quarter.
IBM's first fiscal quarter saw growth in its AI, software, and hardware portfolios. CEO Arvind Krishna stated that AI is a positive factor for the company's business. As customers scale their AI use, they will rely more on internal data, benefiting IBM's portfolio, including Red Hat and Confluent. IBM's AI business is over $1.5 billion and has contributed 2 points of annualized growth. The company's AI business surpassed $4 billion in annual recurring revenue in the first quarter. IBM Consulting makes up about 40% of AI signings, with 30% of the backlog related to generative AI.
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