IBM (NYSE:IBM) reported quarterly earnings of $2.93 per share which beat the analyst consensus estimate of $2.86 by 2.45 percent. This is a 4.64 percent increase over earnings of $2.80 per share from the same period last year. The company reported quarterly sales of $17.162 billion which beat the analyst consensus estimate of $16.860 billion by 1.79 percent. This is a 1.09 percent increase over sales of $16.977 billion the same period last year.