IBM CFO - Expect Q3 Constant Currency Revenue Growth Consistent With The Full Year - Conf Call

July 22 (Reuters) - International Business Machines Corp IBM.N:

• IBM CFO: Expect Q3 constant currency revenue growth consistent with the full year - conf call
• IBM CFO: Given strengthening of dollar, now expect currency to be a 1.5 point headwind to revenue growth in Q3
• IBM CFO: Generative AI represented about 50% of consulting signings in Q2, now makes up over 30% of backlog
• IBM CEO: Majority of what didn't happen in Q2 was large capex deals at large clients
• IBM CEO: The volume or the number of those deals was in the low 10s, very pleased to see that about a third of those have already closed