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IBM CEO Says Internal Execution Failures Drove Q2 Shortfall
📅 - IBM CEO Arvind Krishna has blamed the company's second-quarter shortfall on execution failures inside IBM, saying teams reacted too slowly as customers redirected spending and delayed transactions. The admission is unusually direct for a technology incumbent and shifts attention from macroeconomic excuses toward sales discipline, account management and IBM's ability to respond when enterprise buying patterns change.
Krishna did cite external disruption. Customers moved capital toward servers, storage and memory during the final weeks of June, apparently trying to secure constrained equipment before anticipated price increases. Cybersecurity concerns also consumed management attention [...][... Check source for end of article ...]
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📅 - IBM CEO Arvind Krishna has blamed the company's second-quarter shortfall on execution failures inside IBM, saying teams reacted too slowly as customers redirected spending and delayed transactions. The admission is unusually direct for a technology incumbent and shifts attention from macroeconomic excuses toward sales discipline, account management and IBM's ability to respond when enterprise buying patterns change.
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