IBM Builds $38 Million Data Center in Singapore

Big Blue is building out its cloud footprint in Asia as part of a plan to make 30 percent of revenue in emerging growth markets by 2015.

IBM's Net Rises 13 Percent

International Business Machines Corp. showed further evidence of a recovery in technology spending, posting a 13 percent rise in profit for the first quarter driven by growth in the company’s software business and emerging markets. The wide-ranging conglomerate said it is seeing broad improvement in its business lines and raised its outlook for the full year.

Live-Blogging IBM Earnings

IBM posted first-quarter earnings of $2.3 billion, down 1 percent from its profit a year earlier, while revenue fell 11 percent to $21.71 billion. Highlights from the company’s conference call with analysts: 4:33: CFO Mark Loughridge will be flying solo on the call today.