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IBM Turnaround Questioned on Slow Growth of New Businesses

Gerrit De Vynck
IBM Turnaround Questioned on Slow Growth of New Businesses

Shares of the technology company fell in early trading after it reported narrower profit margins and no revenue growth, excluding help from a weak U.S. dollar. First-quarter revenue came in at $19.1 billion, beating the average analyst estimate of $18.8 billion. Earlier this year, Chief Financial Officer James Kavanaugh said margins would stabilize “immediately” in the first quarter.