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Why IBM Stock Outperformed in April

TheMotleyFool

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Why IBM Stock Outperformed in April: https://g.foolcdn.com/editorial/images/678059/data-center-two-people.jpg

April was a rough month for the stock market as a whole, but International Business Machines (NYSE: IBM) managed to buck the trend. While the S&P 500 was down 8.8% for the month, a strong earnings report pushed IBM stock up 1.7%, according to data provided by S&P Global Market Intelligence.

With IBM's managed infrastructure services business no longer dragging it down, solid demand for software and consulting helped the century-old tech giant beat analyst estimates for both revenue and earnings.

Image source: Getty Images.

Source Fool.com

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