IBM (NYSE:IBM) reported quarterly earnings of $1.91 per share which beat the analyst consensus estimate of $1.81 by 5.52 percent. This is a 19.37 percent increase over earnings of $1.60 per share from the same period last year. The company reported quarterly sales of $15.917 billion which beat the analyst consensus estimate of $15.623 billion by 1.88 percent. This is a 9.46 percent increase over sales of $14.541 billion the same period last year.