IBM: IBM Plays Down Trump Tariff Concerns: DOGE Could Affect Consulting Business, But Its 'US Federal Business Is Less Than 5%,' Says CEO

International Business Machines Corporation (NYSE:IBM) has forecasted a "minimal" tariff impact on its business while acknowledging not being "immune" to the Department of Government Efficiency-related initiatives during its first quarter earnings call.What Happened: IBM's CFO and Senior Vice President, James Kavanaugh, said that the company was exploring alternatives to mitigate any indirect effects because the direct tariff impact was "minimal.""Goods imported to the U.S. represent less than 5% of our overall spend, and under current U.S. tariff policy, the impact to IBM is minimal. While we have limited direct exposure outside the United States, we are tactically evaluating alternative sources and other strategy to mitigate tariffs," he said.Talking about the impact of DOGE-related initiatives, its Chairman, President, and CEO, Arvind Krishna, highlighted that its consulting business was "susceptible to discretionary pullbacks and DOGE-related initiatives.""We are not immune from all those activities just like everybody else," he said, adding that few ...Full story available on Benzinga.com