What are the expected growth rates for IBM mentioned in the discussion?
IBM Expects Strong Sales Growth in 2023
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The video discusses IBM's sales forecast of 3-5% growth for 2023, which is slightly better than expected. Despite a soft market, IBM maintains its free cash flow guidance. The company benefits from its focus on software and services, which constitute 70% of its revenue. IT spending is slowing, but IBM's cloud pivot offers some resilience. Future growth depends on tech spending recovery. IBM is also considering divestitures to focus on core infrastructure products.
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What strategy is IBM considering regarding its non-core businesses?
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