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Stock impact report

New IBM CEO emphasizes growth, not just EPS, in first earnings call with analysts [CNBC]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: CNBC
Monday was a big day forIBMIt was the first time Arvind Krishna, the company's newly appointed CEO, spoke to analysts, telling them directly about how the company has been faring in the age of coronavirus (hint:not perfectlyBeyond that, though, Krishna delivered a bold proclamation. He said he wants the company to grow, and not just on the bottom line."We can talk about which is important, is it growth, or is it only EPS [earnings per share], or is it only liquidity," Krishna said on Monday's call."Liquidity is essential, and without that, no company is going to survive through the next period. I don't know how long that period is going to be, so I think our obsession with that is going to serve us well in this period, but what you're hearing me say is that growth has to be an equal obsession to other metrics that are there if we're going to go do that."The remarks are notable given the way IBM performed under his predecessor, without an economic crisis. In the past five years, accord Show less Read more
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