IBM Surprises Investors with Strong Q1 Earnings Despite Stock Dip 📉

IBM beat Wall Street expectations for Q1, according to Benzinga. The tech company posted earnings of $1.60 per share versus the $1.40 estimate and revenue of $14.54 billion, topping the $14.4 billion forecast. Software led growth, climbing 7% to $6.3 billion, with strong gains in Hybrid Cloud and Automation. Consulting revenue fell 2%, while Infrastructure dropped 6%. Financing dipped 1%. The company sees second-quarter revenue from $16.4 billion to $16.75 billion, versus the $16.33 billion estimate. IBM stock was down 5.45% after-hours on Wednesday.