IBM reports a surprise increase in revenue in the first quarter.

The tech giant performed better than expected in fiscal Q1.
IBM shares were over 3% up in after-hours trading on Monday.
International Business Machines Inc. (NYSE: IBM) reported an unexpected increase in its first-quarter revenue on Monday. The company said that its financial performance in Q1 was better than what analysts had anticipated.
IBM shares were reported more than 3% up in after-hours trading on Monday. The stock is now exchanging hands at £98.23 per share. In comparison, International Business machines had started the year at a per-share price of a lower £88.61.
IBM’s Q1 financial results versus analysts’ estimates
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