IBM reports Q1 revenue of $17.73B, up 1% YoY, vs. $17.35B est., after four quarters of declines; total cloud revenue was $6.5B, up 21% YoY, Red Hat was up 17% (Jordan Novet/CNBC)

19
Apr

Jordan Novet / CNBC:

IBM reports Q1 revenue of $17.73B, up 1% YoY, vs. $17.35B est., after four quarters of declines; total cloud revenue was $6.5B, up 21% YoY, Red Hat was up 17% — – IBM reported revenue growth after four quarters of declines. — The company announced acquisitions of two cloud consulting firms in the quarter.