Vi e w p o i n t | 29 Jul 2026 07:28:04 ET │ 16 pages International Business Machines Corp (IBM.N) An Afternoon with IBM's Head of Software & Chief Commercial Officer CITI'S TAKE We broached several topics with IBM's Chief Commercial Officer and SVP Software, Rob Thomas, walking away with a crisper sense of the temporal/idiosyncratic nature of 2Q execution hiccups/ELA seasonality, inputs to organic software growth rehabilitation, M&A philosophy/framework, and SKU-level growth-upside opportunities. Product/G ...