IBM's first-quarter revenue amounted to $14.55 billion, surpassing analysts' expectations. Notably, software revenue stood at $6.34 billion, while consulting revenue reached $5.07 billion, both figures meeting or exceeding market projections. The company's operating earnings per share (EPS) was $1.60, higher than analysts' anticipated value. IBM maintained its forecast for full-year free cash flow at approximately $13.5 billion and predicted second-quarter revenue to be between $16.40 billion and $16.75 billion, also surpassing analysts' forecasts.
