IBM’s one-quarter growth streak is already in doubt. Shares of the technology company fell in early trading on Wednesday after it reported narrower profit margins and no revenue growth, excluding help from a weak US dollar. That cast a shadow over an effort to sell more profitable cloud-based software to revive growth after five years of revenue declines. Though heading in the right direction, the rebirth of International Business Machines had yet to materialise, Daniel Ives, an analyst with GBH Insights, said in a note to clients. "Patience is wearing thin on the [Wall] Street around the IBM turnaround story, which continues to be elusive," he said. First-quarter revenue came in at $19.1bn, beating the average analyst estimate of $18.8bn. That is 5% higher than a year earlier, but flat without currency fluctuations. Margins slipped 0.6 percentage points to 43.2%. Earlier in 2018, chief financial officer James Kavanaugh said margins would stabilise "immediately" in the first quarter...
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