International Business Machines Corp. (NYSE: IBM) reports earnings Monday afternoon. The company's conference call is scheduled to begin at 4:30PM ET. Below is a live blog of the events.
04:49:47pm: IBM has returned to revenue growth in Europe.
04:48:22pm: IBM is increasing hiring in mobile and security businesses.
04:43:18pm: IBM had growth in Brazil and India, declines in China. But Schroeter insisted China is a profitable business.
04:41:47pm: IBM generated $1.1 billion in free cash flow during the quarter.
04:39:12pm: Schroeter said that IBM's results this quarter reflect the "transformation in our business."
04:38:51pm: Schroeter said the value of cloud is hybrid.
04:36:47pm: Martin Schroeter, Senior VP and CFO: "We continue to reinvent and innovate" to deliver value.
04:34:20pm: The call has begun.
04:29:01pm: IBM isn't moving much in after hours trading. At this moment the stock is down less than one percent.
04:05:46pm: IBM Reports Q1 EPS $2.91 Vs Est $2.86, Sales $19.59B Vs Est $19.86B
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