...Good afternoon, everyone, and welcome. I'm Toni Sacconaghi, Bernstein's IT hardware analyst. And I'm very pleased today to welcome Arvind Krishna, Chairman and CEO of IBM. Arvind has been at IBM for 30 years and was previously the SVP of Cloud & Cognitive Software. He also headed IBM Research and the Systems and Technology group. He was appointed CEO of IBM in April 2020, so just over 14 months ago, and we're thrilled to have Arvind join us this afternoon. Welcome, Arvind, and thanks for participating in Bernstein's SDC. Arvind Krishna ...