IBM Corp. says it expects to earn at least $20 per share in 2015.

IBM CEO Sam Palmisano gave the forecast during an investor meeting Wednesday. The company's stock is up $3.27, or 2.6 percent, to $130.16.

IBM, which is expecting earnings of at least $11.20 per share this year, has been benefiting healthier corporate spending on technology as the recession wanes. Its first-quarter earnings climbed 13 percent from the year before to $2.6 billion. Revenue was up 5 percent at $22.9 billion.