IBM's Q1 2013 earnings release is out.
Earnings came in slightly below estimates at $3.00 per share (versus the $3.05 expected).
Revenues were $23.41 billion, versus estimates for $24.62 billion.
The numbers were dragged down by the systems and technology unit, which reported a 17% decline in revenues, and the services unit, which saw revenues fall 4%.
Business analytics revenues, on the other hand, were up 7% during the quarter.
The company re-affirmed its previous forecast for full-year earnings.
The stock is trading lower in the after-hours session.
More From Business Insider