IBM earnings up 26 percent in first quarter

IBM says its quarterly earnings jumped 26 percent, way past Wall Street forecasts. The technology company showed strength in the U.S., which was surprising considering the faltering economy.

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IBM is a big tech supplier to the troubled financial industry. But the company said it is benefiting from the fact that its customers often sign recurring contracts. Those are less vulnerable to short-term economic dips.

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FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

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FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

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FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

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FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

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FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

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In the first three months of the year, IBM earned $2.32 billion, $1.65 per share. Analysts were expecting $1.45 per share.

Revenue rose 11 percent to $24.5 billion.