IBM beats in Q1 with revenue of $14.2B, up 7.7% YoY, vs. $13.85B est., and its software segment bringing in $5.77B in revenue, up 12% YoY, vs. $5.63B est. (Jordan Novet/CNBC)

Jordan Novet / CNBC:
IBM beats in Q1 with revenue of $14.2B, up 7.7% YoY, vs. $13.85B est., and its software segment bringing in $5.77B in revenue, up 12% YoY, vs. $5.63B est.  —  – IBM beat consensus on the top and bottom lines.  — The technology services company offloaded Watson health-care assets to a private-equity firm in the quarter.