IBM NZ expressed optimism about future prospects, noting that they have renewed their focus on core offerings and strengthened partnerships with other businesses. The company’s strategy includes investments in areas such as hybrid cloud and AI, which Harris believes will drive growth and lead to stronger financial outcomes in the coming years.
WatsonX, IBM’s AI platform, has gained popularity in New Zealand and across the APAC region for its ability to help businesses address challenges and seize new opportunities. Harris highlighted the positive impact of AI on local businesses, showcasing the transformative potential of this technology.
Despite facing challenges in the 2022 financial year, IBM NZ remains committed to delivering value to its customers and partners. The decline in revenue and profits was a setback, but the company is taking proactive steps to enhance its financial performance. By making strategic investments and focusing on key areas of growth, IBM NZ aims to build a sustainable business model that will drive long-term success.
The sale of IBM Global Financing New Zealand’s business to IBM NZ represents a strategic move to streamline operations and consolidate financial services. This transaction will enable the company to better align its resources and improve operational efficiency. By integrating commercial and client finance functions, IBM NZ can provide a more comprehensive suite of services to its clients and enhance its value proposition in the market.
Looking ahead, IBM NZ is well-positioned to capitalize on emerging opportunities in the technology sector. With a renewed focus on innovation and customer value, the company is poised for growth and success in the years to come. By leveraging its core strengths and investing in key areas of growth, IBM NZ is confident in its ability to deliver sustainable financial performance and drive long-term value for its stakeholders.
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https://www.reseller.co.nz/article/2138882/sales-and-profits-lift-as-ibm-new-zealand-reports-a-bumper-year.html