IBM Mainframe Sales Help Growth

Last October, we talked about that we are going to be in a mid-single-digit revenue growth model and that we will be increasing cash flow each year. And we set out a target of $10 billion for this year and $35 [billion] over the period.

There is nothing that we see right now to alter us from that time. So I’m going to say that those projections stay in place.

As Jim [Kavanaugh, IBM CFO] pointed out, for 2022, we are saying that we will be above our revenue model. And that, we believe, will play out with the demand that you heard me talk about … Mainframe hardware has had a strong start.

We would expect that capacity increases. As the capacity increases, we expect that to follow with a tiny lag, sometimes a month, sometimes three months. into our transaction processing portfolio.