International Business Machines Corp (NYSE:IBM)

$ 167.36 -0.2 (-0.12%) Market Cap: 153.74 Bil Enterprise Value: 197.68 Bil PE Ratio: 18.95 PB Ratio: 6.61 GF Score: 75/100

International Business Machines Corp at KeyBanc Capital Markets Tech Leadership Forum Transcript

Aug 13, 2019 / 05:30PM GMT

Release Date Price: $129.7 (+1.25%)

Transcript

Arvind Anil Ramnani

KeyBanc Capital Markets Inc., Research Division - Senior Research Analyst

Great. Let's get started. Thank you for taking the time to be here. From IBM, we have John Granger, Senior Vice President for Cloud Application Innovation, Head of IBM Global Business Services. We also have Eric Smith from IR in the room. Really appreciate you making it (inaudible). [It's not easy] to make it here.

I guess I'm going to start up with a quick background, and I have a number of questions I'm going to run through. I mean I really don't think we really need to fully introduce IBM, but IBM does get a lot of slack. But if you look at it actually -- through the test of time, company was formed 108 years ago, which really speaks to its ability to innovate through multiple cycles. And tech, as you know, is just a very vicious industry. If you can get 10, 20 years kind of lifespan for tech company, you're doing pretty good. 108 is, I think, pretty remarkable.

Certainly, the company, even as it's grown, it's certainly not timid. Just look at recent acquisition of Red Hat. But if you

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