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International Business Machines

CEO Arvind Krishna told CNBC on Wednesday that the Iran war and other geopolitical uncertainty are leading the company to guide cautiously.

IBM beat analyst first-quarter earnings estimates on the top and bottom lines, but maintained guidance due to the macro uncertainty.

“Is there going to be an issue around oil as inflation goes up? Will that drive people to spend a bit less? If they spend a bit less, it’s not a direct impact on me, but a lot of consumer companies are my clients, like Walmart