IBM’s first-quarter revenue of $14.2 billion, net profit of $700 million increased 64% year-on-year

According to the financial report, IBM’s revenue in the first quarter was $14.2 billion, an increase of 8% year-on-year; net profit was $700 million, a year-on-year increase of 64%; earnings per share were $0.73, a year-on-year increase of 62%. IBM shares rose more than 1 percent in after-hours trading after the earnings report.
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