IBM says India biz did well in Covid-hit quarter

Bengaluru: India was one of the standout countries in terms of revenue growth for IBM in the second quarter, a quarter in which the company’s topline dropped 5% as clients cut back on IT spends and projects took longer to fructify on account of the pandemic.

“Around the world, there were several positive revenue performances, including from countries like Brazil, France, Spain and India, which were all hit hard with Covid-19,” CEO Arvind Krishna said in an internal email to employees.