IBM reports Q1 revenue up 0.4% YoY to $14.25B, vs. $14.35B est., net income up 26% YoY to $927M, and software revenue up 2.6% YoY to $5.92B, vs. $5.83B est. (Jordan Novet/CNBC) 19-04-2023

Jordan Novet / CNBC:
IBM reports Q1 revenue up 0.4% YoY to $14.25B, vs. $14.35B est., net income up 26% YoY to $927M, and software revenue up 2.6% YoY to $5.92B, vs. $5.83B est. — – IBM’s first-quarter earnings surpassed expectations even as revenue was weaker than expected. — Parts of the company’s infrastructure business showed a slowdown.