IBM Stock Jumps After Q1 Earnings Beat, Solid Cloud, Consulting Outlook

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The Street

By Martin Baccardax This solid start to the year reinforces our confidence in our strategy (and) we continue to see a strong demand environment for both technology and consulting,” said CEO Arvind Krishna. International Business Machines (IBM) – Get International Business Machines Corporation Report shares moved higher Wednesday after the cloud-computing focused tech giant posted stronger-than-expected first quarter earnings linked to robust demand from global businesses ramping-up IT spending for the coming year. IBM said revenues for the three months ending in March fell 20% from last year t…

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