Tech industry
fromTechCrunch
1 week agoIBM effected by DOGE cuts, downplays impact during Q1 earnings call | TechCrunch
IBM's federal contracts worth $100 million were cut due to DOGE, impacting its consulting practice.
The majority of IBM's government contracts focus on essential services.
IBM's consulting backlog remains strong despite cancellations, as stated by CFO Kavanaugh.