Getty ImagesIBM shares rose to 4% in extended trading on Monday after the business technology and services maker reported first-quarter incomes that came in better than analysts had expected.Heres how the company did: Earnings: $1.77 per share, adjusted, vs. $1.63 per share as expected by experts, according to Refinitiv.Revenue: $17.73 billion, vs. $17.35 billion as expected by analysts, according to Refinitiv.Revenue grew by 0.9% on an annualized basis in the quarter, compared to a 6% decrease in the prior quarter, according to a declaration. The company restated previous guidance of earnings development for the complete year.IBMs Global Technology Services sector, which deals with managed services, outsourcing and assistance, contributed $6.37 billion in revenue. Its revenue was down 1% year over year, however it was more than the FactSet agreement estimate of $6.32 billion. IBM prepares to spin off part of the segment as a standalone public business called Kyndryl by the end of the year.IBMs Cloud and Cognitive Software department, that includes Red Hat, created $5.44 billion in income, which was up 4% and above the $5.30 billion FactSet consensus. IBM reported $529 million in capital expenses in the quarter, down 28%. Global Business Services, the system that includes consulting, contributed $4.23 billion in earnings, which was up 2% and higher than the $4.03 billion consensus.Systems profits of $1.43 billion, from sales of mainframe computers and other hardware, was up 4% and above the $1.29 billion agreement estimate.In the quarter IBM revealed that it was obtaining 7Summits, a Salesforce consulting company, from private-equity-firm Sverica Capital Management, and that it was buying Taos, a consulting group that deals with cloud migrations. IBM likewise stated it had actually sold 250 patents to grocery-delivery company Instacart.Excluding the after-hours move, IBM shares are up around 6% given that the start of 2021, while the S&P 500 index has grown nearly 11% over the very same period.This is breaking news. Please inspect back for updates.WATCH: Watch CNBCs complete interview with IBM CEO Arvind Krishna and Cleveland Clinic CEO Dr. Tomislav Mihaljevic

By