Software IBM boss fears consequences of "America First" policy
IBM's business has grown again after a long dry spell. The expectations of analysts were exceeded for the current quarter. But the company boss is worried about politics.
23.04.2025, 23:16
SDA
IBM CEO Arvind Krishna fears that President Donald Trump's "America First" policy could harm US companies internationally. "If the perception prevails that American companies only do what is good for America as a country, that will cause a problem," Krishna told the US business channel CNBC. However, IBM does not yet see any signs of this in the data, he qualified.
IBM exceeded analysts' expectations with its revenue forecast for the current quarter. The Group expects revenues of between 16.40 and 16.75 billion dollars. On average, the market had expected a good 16.3 billion dollars.
Expectations exceeded, share price falls
In the past quarter, turnover increased by one percent year-on-year to 14.54 billion dollars. This was slightly more than analysts had expected. Profit fell by a good third to just under 1.06 billion dollars. With adjusted earnings per share of 1.60 dollars, IBM exceeded market expectations of 1.40 dollars.
However, the share price fell by more than five percent at times in after-hours trading, after an initial reaction that saw it rise.
Commenting on the possible consequences of Trump's tariff crackdown, Krishna said that while no one is immune to it, IBM has optimized its supply chains internationally.
