IBM net rises 13% in first quarter

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IBM net rises 13% in first quarter
from MarketWatch.com - MarketPulse SAN FRANCISCO (MarketWatch) - International Business Machines Corp. said Monday its first-quarter net income rose to $2.6 billion, or $1.97 a share, from $2.3 billion, or $1.70 a share in the same period a year earlier. Revenue for the period ended in March rose 5% to $22.9 billion. Wall Street analysts polled by Thomson Reuters had expected IBM to report first-quarter earnings of $1.93 a share, and $22.8 billion in revenue.

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