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IBM (NYSE:IBM) reported first-quarter results after Wednesday’s closing bell, beating Street estimates on the top and bottom lines.
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IBM Q1 Details
IBM reported quarterly earnings of $1.91 per share, which beat analyst estimates of $1.81 by 5.52%, according to Benzinga Pro data.
Quarterly revenue of $15.92 billion beat the consensus estimate of $15.62 billion and was up from $14.54 billion in the prior year’s quarter.
IBM reported the following first-quarter highlights:
- Revenue
– Revenue of $15.9 billion, up 9%, up 6% at constant currency
– Software revenue up 11%, up 8% at constant currency
– Consulting revenue …
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