The Drill Down
Ep. 238: Samsara CEO Sanjit Biswas, IBM, ServiceNow and ASML.
Jan 25, 2024
Sanjit Biswas, CEO of Samsara, discusses AI in logistics, connecting physical operations to the cloud, and the challenges of starting a company from scratch. IBM and ServiceNow's financial performance is explored, along with the impact of export controls on chip equipment sales to China. The flexibility of work and access to talent is also discussed.
33:04
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Quick takeaways
- IBM reports strong quarterly results, attributing its growth to acquisitions such as the purchase of Red Hat
- ServiceNow's generative AI solutions are making a significant impact in industries like pharmaceuticals, automating processes and improving regulatory compliance
Deep dives
IBM's Turnaround: Revenue and Profits Increase
IBM has reported strong quarterly results, with revenue up 4% and profits up 21%. This is a significant turnaround for a company that had been experiencing shrinking growth for many years. The growth is attributed to acquisitions made by IBM, such as the purchase of Red Hat in 2020 for $33 billion. IBM's CFO hints at future acquisitions and predicts strong free cash flow in the upcoming years.
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