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IBM reports Q1 revenue of $17.73B, up 1% YoY, vs. $17.35B est., after four quarters of declines; total cloud revenue was $6.5B, up 21% YoY, Red Hat was up 17% (Jordan Novet/CNBC)

Jordan Novet / CNBC:
IBM reports Q1 revenue of $17.73B, up 1% YoY, vs. $17.35B est., after four quarters of declines; total cloud revenue was $6.5B, up 21% YoY, Red Hat was up 17%  —  – IBM reported revenue growth after four quarters of declines.  — The company announced acquisitions of two cloud consulting firms in the quarter.

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