IBM 1Q net down on software, mainframe deals delay

In this March 5, 2013, photo, made with a long exposure, visitors walk through the booths of IBM at the world's largest computer expo CeBIT in Hanover, Germany. Union Pacific Corp. reports quarterly financial results before the market opens Thursday, April 18, 2013. (AP Photo/dpa, Julian Stratenschulte)NEW YORK (AP) — IBM Corp.'s first-quarter net income fell 1 percent due to delays in closing several of the technology company's large software and mainframe computer deals. The results fell short of Wall Street's expectations, sending IBM's stock lower in after-hours trading.

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IBM 1Q net down on software, mainframe deals delay

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