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Tech and advice was not immune to the Giant IBM Government’s Efficiency (DOGE).
According to the report, IBM was canceled due to the cuts associated with the Doge in the first quarter of 2025 Reuters and Bloomberg. These cuts per Bloomberg reach $ 100 million in future payments. Federal contracts between 5% and only 10% of IBM consulting experience.
On Wednesday, Arvind Krishna, Arvind Krishna, IBM CEO, Cancellation of the IBM was relevant to the USAID in USAID. IBM’s CFO, Both Krishna and James Kavanaugh, then began to reduce the potential impact on the company’s future work.
“We have a lot of contract, or a statement of work, or over $ 30 billion in the general consulting,” Kavanaugh, “This is like a return of less than $ 100 million in a few years. Thus, although no one is immunity, it is focused on the identity dynamic process.
IBM consulting work was 34% of the company’s Q1. Krishna added that the company’s federal government consulting contracts focus on important areas.
“The vast majority is critical work – we actually process the claims of the benefits of veterans,” Krishna said. “How do we help the process [General Services Administration] Purchase. We help carry out payroll systems. I do not think of them. Now, are there some areas around the edges that may seem like a conflict? Yes. But in our situation, the minority of our work is not the majority. “
According to the results of the first quarter, the IBM consultation was 2% lower in Q1. The Q1 consulting was more than $ 5 billion.
“The diversity in our work is a good attitude to us to walk the current climate,” Krishna said. “Our portfolio and executive record increase in this next chapter of this season. I look forward to sharing our progress while passing through the rest of the year.”
