IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025.Andy Wenstrand | Sxsw Conference & Festivals | Getty ImagesIBM reported better-than-expected earnings and revenue for the first quarter on Wednesday.Here's how the company performed:Earnings per share: $1.60 adjusted vs. $1.40 expectedRevenue: $14.54 billion vs. $14.4 billion expectedRevenue increased 0.6% in the quarter from $14.5 billion a year earlier, according to a statement. Net income slid to $1.06 bi...