IBM Earnings Live Blog: Q1 Conference Call

International Business Machines Corp. 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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