IBM beats on earnings and revenue, maintains full-year guidance
1. IBM reported Q1 earnings surpassing expectations, but stock fell 2%. 2. Revenue rose 0.6% year-over-year to $14.54 billion, above forecasts. 3. CEO maintains long-term revenue growth outlook amid macroeconomic fluidity. 4. Acquisitions of HashiCorp and DataStax aim to boost cloud software capabilities. 5. IBM's software revenue increased, while consulting and infrastructure divisions declined.