IBM Earns $2.78 Share in Q1, Boosts Forecast

International Business Machines Corp. (NYSE:IBM) reported its earnings for the quarter ending in January today. The company earned $2.78 in the first quarter and managed to take in in revenues of $24.67 billion in the period. Analysts had expected the company to earn $2.78 and take in revenues of $24.8 billion. In the same period last year the company reported revenue of $24.6 billion and turned that into earnings of $2.31 per share. That puts them with a healthy increase in earnings year on year that will keep investors happy for the time being. Investors are reacting favorably to the news, shares…