IBM forecasts upbeat 2022 revenue on cloud strength; flags Russia hit

By Chavi Mehta
FILE PHOTO A man stands near an IBM logo at the Mobile World Congress in Barcelona Spain February 25 2019. REUTERSSergio Perez

FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez

(Reuters) -IBM expects to hit the top end of its revenue growth forecast for 2022, the company said on Tuesday, even as it flagged a $300 million knock to revenue from the suspension of its business in Russia.

Servers from IBM, Dell Technologies Inc and Hewlett Packard Enterprise Co dominate the market in Russia. IBM suspended its operations in March following Moscow's invasion of Ukraine.

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