IBM's global revenue rose in the first quarter of this year to $14.2 billion, compared to analysts' expectations, which were hovering around $13.85 billion .
The company said in a statement, yesterday, Tuesday, that the revenues for this period increased by 7.7% over the previous year.
The company's earnings per share at the end of the first quarter of this year amounted to $1.40 per share, compared to expectations of $1.38 per share, according to Refinitiv.
Net income from continuing operations jumped 64% from the previous year to $662 million, while total net income fell 23%.
The company's stock reacted to the results that exceeded expectations; To rise at the close of trading yesterday by 3%.
