'We Did Not Adapt': IBM CEO Admits Slow Response To Client Capex Shifts

IBM "did not anticipate the magnitude of the capex reprioritisation," and said clients were also distracted by "rapidly-evolving, industry-wide cybersecurity concerns," the letter stated.

'We Did Not Adapt': IBM CEO Admits Slow Response To Client Capex Shifts
IBM "did not anticipate the magnitude of the capex reprioritisation," and said clients were also distracted by "rapidly-evolving, industry-wide cybersecurity concerns," the letter stated.