Sales Tel: +63 945 7983492  |  Email Us    
SMDC Residences

Air Residences

Features and Amenities

Reflective Pool
Function Terrace
Seating Alcoves

Air Residences

Green 2 Residences

Features and Amenities:

Wifi ready study area
Swimming Pool
Gym and Function Room

Green 2 Residences

Bloom Residences

Features and Amenities:

Recreational Area
2 Lap Pools
Ground Floor Commercial Areas

Bloom Residences

Leaf Residences

Features and Amenities:

3 Swimming Pools
Gym and Fitness Center
Outdoor Basketball Court

Leaf Residences

Contact Us

Contact us today for a no obligation quotation:


+63 945 7983492
+63 908 8820391

Copyright © 2018 SMDC :: SM Residences, All Rights Reserved.


































































000-270 dumps with Real exam Questions and Practice Test - smresidences.com.ph

Great Place to download 100% free 000-270 braindumps, real exam questions and practice test with VCE exam simulator to ensure your 100% success in the 000-270 - smresidences.com.ph

Pass4sure 000-270 dumps | Killexams.com 000-270 real questions | http://smresidences.com.ph/

000-270 IBM Business Process Manager Advanced V7.5 Integration Development

Study Guide Prepared by Killexams.com IBM Dumps Experts


Killexams.com 000-270 Dumps and Real Questions

100% Real Questions - Exam Pass Guarantee with High Marks - Just Memorize the Answers



000-270 exam Dumps Source : IBM Business Process Manager Advanced V7.5 Integration Development

Test Code : 000-270
Test Name : IBM Business Process Manager Advanced V7.5 Integration Development
Vendor Name : IBM
: 69 Real Questions

surprised to look 000-270 dumps!
Candidates spend months seeking to get themselves organized for his or her 000-270 checks however for me it was all just a days work. You will wonder how someone might have the capacity to complete this kind of high-quality mission in best a day allow me will let you recognize, all I needed to do turn out to be test in myself in this killexams.Com and everything come to be appropriateafter that. My 000-270 take a look at seemed like a completely clean project due to the fact i used to be so nicely organized for it. I thank this website on-line for lending me a supporting hand.


i'm very happy with this 000-270 study guide.
I in no way thought I may want to bypass the 000-270 examination. But I am a hundred% sure that with out killexams.Com I have now not completed it thoroughly. The astonishing fabric gives me the required functionality to take the examination. Being acquainted with the provided fabric I passed my exam with ninety two%. I never scored this a good deal mark in any examination. It is properly idea out, effective and dependable to use. Thanks for presenting a dynamic fabric for the getting to know.


You sincerely want a weekend to put together 000-270 exam with those dumps.
There isnt a good buy 000-270 exam materials obtainable, so I went in advance and acquired those 000-270 questions and answers. In reality, it obtained my coronary coronary heart with the manner the data is prepared. And yeah, thats right: mostquestions I observed at the exam have been exactly what turned into furnished by way of killexams.Com. Im relieved to have passed 000-270 exam.


Are there top sources for 000-270 study guides?
I need to admit, deciding on killexams.com was the subsequent wise selection I took after choosing the 000-270 exam. The patterns and questions are so nicely spread which permits person raise their bar by the time they reach the ultimate simulation examination. admire the efforts and honest thank you for supporting skip the examination. keep up the best paintings. thank you killexams.


it's miles outstanding to have 000-270 actual test questions.
By using enrolling me for killexams.Com is an opportunity to get myself cleared in 000-270 examination. Its a hazard to get myself viathe tough questions of 000-270 examination. If I couldnt have the hazard to join this website on-line i would havent any longerbeen capable of easy 000-270 examination. It was a glancing opportunity for me that I were given fulfillment in it so with out troubles and made myself so comfy turning into a member of this website. After failing in this exam i was shattered and then i discovered this website on-line that made my manner very clean.


it is unbelieveable questions for 000-270 test.
Like many others, i have currently surpassed the 000-270 exam. In my case, vast majority of 000-270 examination questions got here exactly from this guide. The answers are correct, too, so in case you are making ready to take your 000-270 exam, you could fully rely on this website.


wherein should I searching for to get 000-270 real test questions?
to start with I need to mention way to you people. ive cleared 000-270 exam by subscribing to your take a look at materials. So I wanted to share my fulfillment for your internet site. thanks once more. thanks very tons to your exquisite assist. i have cleared my 000-270 with ninety%.


Passing 000-270 exam was my first experience but Great Experience!
Your questions square measure appallingly the same as real one. Passed the 000-270 tests the inverse day. Id have not done it while not your test homework materials. Various months agene I fizzling that test the essential time I took it. killexams.com and Exam Simulator are a decent thing for me. I finished the test frightfully just this point.


it is terrific ideal to prepare 000-270 exam with dumps.
thanks to killexams.Com team who gives very treasured exercise query bank with motives. I have cleared 000-270 examination with seventy three.Five% score. Thank U very lots for your offerings. I have subcribed to numerous question banks of killexams.Com like 000-270. The query banks have been very useful for me to clean those tests. Your mock exams helped loads in clearing my 000-270 examination with seventy three.Five%. To the factor, precise and nicely explained solutions. Keepup the excellent paintings.


where am i able to find observe guide for exact knowledge of 000-270 exam?
Fine one, it made the 000-270 smooth for me. I used killexams.com and handed my 000-270 examination.


IBM IBM Business Process Manager

IBM (IBM) Down 10.three% seeing that remaining income report: Can It Rebound? | killexams.com Real Questions and Pass4sure dumps

A month has gone by seeing that the closing income file for IBM (IBM). Shares have misplaced about 10.three% in that point body, underperforming the S&P 500.

overseas enterprise Machines Corp

Arlington Asset funding Corp

WisdomTree US revenue 500 ETF

Will the contemporary poor trend continue leading as much as its next salary unencumber, or is IBM due for a breakout? earlier than they dive into how investors and analysts have reacted as of late, let's take a brief seem at the most fresh salary file in an effort to get a much better address on the critical catalysts.

IBM’s Q2 results benefit from cost chopping, reduce Share count

IBM reported third-quarter 2018 non-GAAP profits of $three.forty two per share, which beat the Zacks Consensus Estimate by using couple of cents. earnings per share (EPS) multiplied four.9% from the yr-in the past quarter.

The year-over-yr boom in EPS can also be attributed to solid pre-tax margin working leverage (28 cents contribution) and aggressive share buybacks (19 cents contribution). This became partly offset by using lessen revenues (seven cents negative influence) and better tax fee (17 cents poor impact).

Revenues of $18.76 billion lagged the Zacks Consensus Estimate of $19.10 billion and declined 2.1% on a year-over-year basis. At steady foreign money (cc), revenues remained flat.

IBM mentioned that signings plunged 21% to $eight billion. capabilities backlog declined 3% from the year-ago quarter to $113 billion.

Geographic revenue particulars

Revenues from Americas inched up 1%, pushed through persevered growth in Canada and Latin the united states and modest increase in the united states.

Europe, middle-East and Africa decreased 2% from the year-ago quarter, driven by decline in Germany and France, partly offset by growth in Spain and the UK.

Asia-Pacific revenues declined 1% on a 12 months-over-year basis with modest growth in Japan.

Strategic Imperatives growth Continues

Strategic Imperatives (cloud, analytics, mobility and protection) grew 7% at cc from the 12 months-ago quarter to $9.3 billion. security revenues surged 34%. On a trailing 12-month basis, Strategic Imperatives revenues were $39.5 billion, up 13% (eleven% at cc).

Cloud revenues surged 13% from the 12 months-in the past quarter to $four.6 billion. The annual run price for cloud as-a-provider revenues accelerated 24% at cc on a year-over-12 months foundation to $eleven.four billion.

Cloud revenues of $19 billion on a trailing 12-month basis accelerated 20% (18% at cc) and now bills for 24% of IBM’s total revenues.

Cognitive Revenues Decline

Cognitive options’ revenues-exterior decreased 5.7% 12 months over 12 months (down 5% at cc) to $4.15 billion. Segmental revenues touching on Strategic Imperatives and Cloud declined four% and a couple of%, respectively. Cloud as-a-service profits annual run price was $2 billion.

options utility includes choices in strategic verticals like health, domain-particular capabilities like analytics and protection, and IBM’s rising technologies of AI and blockchain. The segment also includes offerings that handle horizontal domains like collaboration, commerce and talent. options application revenues decreased three% year over 12 months within the quarter.

IBM pointed out that in commerce area the infusion of AI into choices like consumer event analytics helped SaaS signings to grow double digit within the quarter. The recent launch of Notes Domino version 10, which is optimized for mobile, and supports JavaScript and node.js will increase growth collaboration in 2019.

Transaction Processing application contains software that runs mission-important workloads, leveraging IBM’s hardware platforms. Revenues fell 8% on a yr-over-year groundwork.

IBM witnessed growth in business verticals like health, key areas of analytics and protection within the quarter. Watson health witnessed large-based mostly increase in Payer, issuer, Imaging and existence Sciences domains.

during the quarter, the Sugar.IQ application, developed by Medtronic in partnership with IBM, hit the market. The software is designed to simplify and improve each day diabetes administration.

IBM pointed out that analytics carried out neatly in the quarter, pushed via statistics science offerings and IBM Cloud deepest for statistics providing.

all through the quarter, the business introduced bias detection functions and launched new Watson services on the IBM Cloud inner most platform.

safety growth changed into pushed with the aid of offerings in orchestration, statistics protection and endpoint management.

In blockchain, IBM food trust community for food safety went live in the quarter. Reatiler Carrefour joined IBM’s blockchain community. The company also collectively announced TradeLens with Maersk that addresses inefficiencies in the world give chain. IBM at present helps seventy five lively blockchain networks.

global company features Revenues raise

Revenues from global enterprise services-external section have been $4.13 billion, up 0.9% from the 12 months-in the past quarter (up 3% at cc). Segmental revenues relating Strategic Imperatives grew 9%. Cloud apply surged 18%. Cloud as-a-provider profits annual run fee become $1.9 billion.

utility management revenues declined 1% from the year-in the past quarter. despite the fact, global manner features revenues climbed 2%. additionally, Consulting revenues expanded 7% year over 12 months, driven with the aid of amazing efficiency from IBM’s digital business.

expertise functions & Cloud platforms: Revenues Dip

Revenues from know-how capabilities & Cloud platforms-external reduced 2% from the 12 months-ago quarter (flat at cc) to $8.29 billion. Segmental revenues touching on Strategic Imperatives superior 16%, driven with the aid of hybrid cloud services. Cloud surged 22% from the year-in the past quarter. Cloud as-a-provider income annual run cost turned into $7.5 billion.

Integration application extended 1% from the yr-ago quarter. all through the quarter, ninety five businesses world wide selected IBM Cloud inner most offering. Infrastructure functions revenues also accelerated 1% on a yr-over-12 months basis.

besides the fact that children, Technical support services revenues reduced 3% from the yr-in the past quarter.

vigor & z14 pressure systems Revenues

systems revenues improved 0.9% on a 12 months-over-yr groundwork (up 2% at cc) to $1.74 billion. Segmental revenues concerning Strategic Imperatives surged 5%, while Cloud revenues declined eight%.

IBM Z revenues elevated 6% year over 12 months on more than 20% MIPS growth, pushed by means of large-based mostly adoption of the z14 mainframe.

energy revenues elevated 17% from the 12 months-ago quarter. all over the quarter, IBM launched its subsequent technology POWER9 processors for midrange and high-conclusion systems that are designed for coping with superior analytics, cloud environments and facts-intensive workloads in AI, HANA, and UNIX markets.

IBM also introduced new offerings optimizing both hardware and software for AI. management believes that products like PowerAI imaginative and prescient and PowerAI commercial enterprise will help force new consumer adoption.

although, storage hardware revenues declined 6% because of weak efficiency in the midrange and high conclusion, partly offset by means of strong growth in All Flash Arrays. IBM brought up that pricing drive in the immensely aggressive storage market is hurting revenues. The company announced its new FlashSystems with next technology NVMe technology during the quarter.

operating methods software revenues declined 4%, whereas methods Hardware advanced four% from the 12 months-ago quarter.

eventually, global Financing (includes financing and used machine sales) revenues reduced 9.1% at cc to $388 million.

operating details

Non-GAAP gross margin remained unchanged from the year-ago quarter at forty seven.4%. This become IBM’s gold standard gross margin efficiency in years and become basically pushed by means of one hundred sixty foundation features (bps) growth in services margin. youngsters, adverse mix in z14 mainframe and utility thoroughly offset this enlargement.

operating rate declined four% yr over 12 months, as a result of awareness of acquisition synergies and enhancing operational efficiencies. IBM continues to invest in fast growing fields like hybrid cloud, synthetic intelligence (AI), safety and blockchain.

Pre-tax margin from carrying on with operations accelerated 50 bps on a yr-over-yr groundwork to 19.2%.

Cognitive solutions and international enterprise features phase pre-tax margins accelerated 190 bps and 320 bps, respectively, on a 12 months-over-12 months groundwork. youngsters, expertise services & Cloud platforms section pre-tax margin shriveled 100 bps.

methods pre-tax salary become $209 million down 38% year over year. world Financing section pre-tax income jumped 26.7% to $308 million.

balance Sheet & cash circulation details

IBM ended third-quarter 2018 with $14.70 billion in total cash and marketable securities in comparison with $eleven.ninety three billion at the end of 2nd-quarter 2018. complete debt (including international financing) was $46.9 billion, up $1.4 million from the previous quarter.

IBM said cash move from operations (except global Financing receivables) of $3.1 billion and generated free money circulate of $2.2 billion in the quarter.

within the pronounced quarter, the business again $2.1 billion to shareholders via dividends and share repurchases. at the end of the quarter, the company had $1.4 billion ultimate below latest buyback authorization.

advice

IBM reiterated EPS forecast for 2018. Non-GAAP EPS is expected to be at least $13.eighty.

IBM nonetheless anticipates 2018 free cash circulation of $12 billion.

How Have Estimates Been moving considering that Then?

in the past month, buyers have witnessed a downward fashion in fresh estimates.

VGM scores

at the moment, IBM has an average growth score of C, even though it is lagging a little bit on the Momentum rating entrance with a D. youngsters, the inventory changed into allotted a grade of A on the cost facet, inserting it in the top quintile for this funding method.

usual, the stock has an mixture VGM ranking of B. if you aren't focused on one method, this ranking is the one be sure you be interested in.

Outlook

Estimates have been widely trending downward for the inventory, and the magnitude of those revisions indicates a downward shift. peculiarly, IBM has a Zacks Rank #3 (dangle). They are expecting an in-line return from the stock within the following couple of months.


IBM exec named CEO at ratings purveyor Nielsen | killexams.com Real Questions and Pass4sure dumps

No outcome discovered, try new keyword!Nielsen Holdings PLC recruited its new chief govt from foreign enterprise Machines Corp. David Kenny, fifty seven, will be a part of Nielsen on Dec. three after working as a longtime ad and tech government at Armo...

IBM Boosts Cloud Migration, administration | killexams.com Real Questions and Pass4sure dumps

IBM bolstered its cloud presence with updates supporting the migration into and the management of data into its cloud platform. The moves come on the heels of the enterprise’s $34 billion wager on its hybrid cloud ambitions by using buying red Hat.

The migration element of its latest replace comes from new automation elements for its Cloud Migration factory platform. the brand new facets include deep perception algorithms that tap into previous migration and modernization efforts. These are designed to enrich planning accuracy and cut back migration risks by using uncovering advantage challenges past in the method.

That platform is centered at helping organizations move purposes to a cloud environment. This flow can include the want for re-internet hosting, re-platforming, re-architecting, and the modernization of those legacy applications into a cloud native package like containers.

IBM closing year joined an identical push via Docker Inc. and its Modernize average utility (MTA) program. That application uses computerized tooling to containerize current applications devoid of touching source code or re-architecting the app. It then allows IT departments to make use of the Docker Container-as-a-carrier (CaaS) and commercial enterprise edition (EE) items in migrating the now-containerized apps onto a hybrid cloud atmosphere.

management

as soon as within the cloud, IBM’s Multicloud administration Platform now has access to ServiceNow’s IT service administration and IT Operations management products.

That IBM platform makes it possible for corporations to modernize Kubernetes purposes across diverse cloud environments. they can then use the platform to manage, move, and combine those purposes in a multi-cloud environment. whereas the company says it’s “optimized for IBM Cloud,” it also supports different cloud environments like Amazon internet functions (AWS), Microsoft Azure, and purple Hat.

With the ServiceNow addition, the administration platform can cope with agile software construction for managing cloud lifecycle and company components; administration of heterogeneous cloud environments; provide for a common buying experience throughout cloud environments; and visibility into multi-cloud operations.

A contemporary IDC file ranked IBM No. three in the cloud gadget administration utility market behind VMware and Microsoft. The analysis enterprise stated that IBM had a 9.2 percent share of the $4 billion market on the conclusion of 2017.

ServiceNow scored a 2.7 percent market share in that file, although IDC did single out the enterprise – alongside Oracle – as having showed “colossal growth, serving shoppers seeking unified, completely functioning SaaS-primarily based cloud administration systems.”

Jim consolation, commonplace supervisor for IBM’s hybrid cloud provider, explained that the IBM strategy to simplifying cloud administration goes via three motions. the primary is modernizing the existing estate, which he mentioned turned into dominated by means of VMware.

The second was modernizing the new software patterns that he tied to the containers, Docker, and Kubernetes ecosystem. this is additionally independent of whether those functions are running in a public, inner most, or hybrid cloud atmosphere.

The third turned into consolidating management of public cloud consumption that always comprises a few managed as-a-service models.

“customers are going to do some aggregate of all three,” consolation observed. “It’s the system of starting down this whole cloud native and container journey and eat exterior sources. Does a shopper desire three management systems for these three steps or do they want one.”

more Hats

Edwin Yuen, senior analyst at business approach group, pointed out that whereas these are amazing moves by IBM, the open question remained in how it will fit them all collectively.

“We see how the ServiceNow partnership works with the Multicloud supervisor, as [IBM’s IT Service Management] became not part of the IBM solution, but how tied into the IBM solutions will the Cloud manufacturing unit be?” Yuen wondered in an e mail. “I feel all these moves are the right ones that IBM should make however the key's integration of all these accessories with suggestions in specific use circumstances in order that shoppers understand what they should do with IBM Cloud, now not just what they could do with IBM cloud.”

there's additionally the query as to how these moves will play subsequent to IBM’s recent $34 billion plan to acquire red Hat. That deal has been heavily linked to pink Hat’s OpenShift platform that faucets into the Kubernetes ecosystem to guide container deployments.

“I see these moves through IBM, from the purple Hat deal to the Multicloud supervisor to these announcements, as basically filling in the hybrid/on-premises portfolio that they have been lacking of their cloud story,” Yuen introduced. “IBM has been strongly concentrated on the general public cloud facet, however so much of IT continues to be primarily based within the on-premises world and even with migration will still proceed to be a factor. IBM must build up its hybrid capabilities to keep tempo with Microsoft, Oracle, and the AWS/VMware partnership.”

Synergy analysis neighborhood had IBM as No. 3 in market share for cloud infrastructure services on the end of the third quarter. That put it well in the back of market heavyweights AWS and Microsoft Azure, but just forward of Google and Alibaba. despite the fact, these SRG numbers also confirmed that IBM become the simplest participant within the exact 5 to have truly misplaced market share over the past yr.

IBM currently mentioned that its cloud business scored a 22 p.c 12 months over 12 months increase in revenues for its fiscal third quarter. IBM CFO James Kavanaugh noted the enterprise’s hybrid cloud enterprise as riding that growth.


000-270 IBM Business Process Manager Advanced V7.5 Integration Development

Study Guide Prepared by Killexams.com IBM Dumps Experts


Killexams.com 000-270 Dumps and Real Questions

100% Real Questions - Exam Pass Guarantee with High Marks - Just Memorize the Answers



000-270 exam Dumps Source : IBM Business Process Manager Advanced V7.5 Integration Development

Test Code : 000-270
Test Name : IBM Business Process Manager Advanced V7.5 Integration Development
Vendor Name : IBM
: 69 Real Questions

surprised to look 000-270 dumps!
Candidates spend months seeking to get themselves organized for his or her 000-270 checks however for me it was all just a days work. You will wonder how someone might have the capacity to complete this kind of high-quality mission in best a day allow me will let you recognize, all I needed to do turn out to be test in myself in this killexams.Com and everything come to be appropriateafter that. My 000-270 take a look at seemed like a completely clean project due to the fact i used to be so nicely organized for it. I thank this website on-line for lending me a supporting hand.


i'm very happy with this 000-270 study guide.
I in no way thought I may want to bypass the 000-270 examination. But I am a hundred% sure that with out killexams.Com I have now not completed it thoroughly. The astonishing fabric gives me the required functionality to take the examination. Being acquainted with the provided fabric I passed my exam with ninety two%. I never scored this a good deal mark in any examination. It is properly idea out, effective and dependable to use. Thanks for presenting a dynamic fabric for the getting to know.


You sincerely want a weekend to put together 000-270 exam with those dumps.
There isnt a good buy 000-270 exam materials obtainable, so I went in advance and acquired those 000-270 questions and answers. In reality, it obtained my coronary coronary heart with the manner the data is prepared. And yeah, thats right: mostquestions I observed at the exam have been exactly what turned into furnished by way of killexams.Com. Im relieved to have passed 000-270 exam.


Are there top sources for 000-270 study guides?
I need to admit, deciding on killexams.com was the subsequent wise selection I took after choosing the 000-270 exam. The patterns and questions are so nicely spread which permits person raise their bar by the time they reach the ultimate simulation examination. admire the efforts and honest thank you for supporting skip the examination. keep up the best paintings. thank you killexams.


it's miles outstanding to have 000-270 actual test questions.
By using enrolling me for killexams.Com is an opportunity to get myself cleared in 000-270 examination. Its a hazard to get myself viathe tough questions of 000-270 examination. If I couldnt have the hazard to join this website on-line i would havent any longerbeen capable of easy 000-270 examination. It was a glancing opportunity for me that I were given fulfillment in it so with out troubles and made myself so comfy turning into a member of this website. After failing in this exam i was shattered and then i discovered this website on-line that made my manner very clean.


it is unbelieveable questions for 000-270 test.
Like many others, i have currently surpassed the 000-270 exam. In my case, vast majority of 000-270 examination questions got here exactly from this guide. The answers are correct, too, so in case you are making ready to take your 000-270 exam, you could fully rely on this website.


wherein should I searching for to get 000-270 real test questions?
to start with I need to mention way to you people. ive cleared 000-270 exam by subscribing to your take a look at materials. So I wanted to share my fulfillment for your internet site. thanks once more. thanks very tons to your exquisite assist. i have cleared my 000-270 with ninety%.


Passing 000-270 exam was my first experience but Great Experience!
Your questions square measure appallingly the same as real one. Passed the 000-270 tests the inverse day. Id have not done it while not your test homework materials. Various months agene I fizzling that test the essential time I took it. killexams.com and Exam Simulator are a decent thing for me. I finished the test frightfully just this point.


it is terrific ideal to prepare 000-270 exam with dumps.
thanks to killexams.Com team who gives very treasured exercise query bank with motives. I have cleared 000-270 examination with seventy three.Five% score. Thank U very lots for your offerings. I have subcribed to numerous question banks of killexams.Com like 000-270. The query banks have been very useful for me to clean those tests. Your mock exams helped loads in clearing my 000-270 examination with seventy three.Five%. To the factor, precise and nicely explained solutions. Keepup the excellent paintings.


where am i able to find observe guide for exact knowledge of 000-270 exam?
Fine one, it made the 000-270 smooth for me. I used killexams.com and handed my 000-270 examination.


While it is hard errand to pick solid certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. Killexams.com ensure to serve its customers best to its assets as for exam dumps update and validity. The greater part of other's sham report objection customers come to us for the brain dumps and pass their exams cheerfully and effortlessly. They never bargain on their review, reputation and quality because killexams review, killexams reputation and killexams customer certainty is imperative to us. Extraordinarily they deal with killexams.com review, killexams.com reputation, killexams.com sham report grievance, killexams.com trust, killexams.com validity, killexams.com report and killexams.com scam. On the off chance that you see any false report posted by their rivals with the name killexams sham report grievance web, killexams.com sham report, killexams.com scam, killexams.com protestation or something like this, simply remember there are constantly terrible individuals harming reputation of good administrations because of their advantages. There are a great many fulfilled clients that pass their exams utilizing killexams.com brain dumps, killexams PDF questions, killexams questions, killexams exam simulator. Visit Killexams.com, their example questions and test brain dumps, their exam simulator and you will realize that killexams.com is the best brain dumps site.


Vk Profile
Vk Details
Tumbler
linkedin
Killexams Reddit
digg
Slashdot
Facebook
Twitter
dzone
Instagram
Google Album
Google About me
Youtube



HP0-781 sample test | 000-657 questions answers | 1Y1-A19 braindumps | 70-735 cheat sheets | 1Z0-864 practice exam | ST0-114 study guide | 000-053 practice test | 000-797 bootcamp | M2150-810 brain dumps | HH0-050 pdf download | 310-232 questions and answers | 310-150 free pdf download | 9L0-608 study guide | ST0-247 test prep | FN0-100 real questions | 000-151 practice questions | LCAC practice questions | 000-324 exam prep | 7593X real questions | M2050-242 VCE |


000-270 | 000-270 | 000-270 | 000-270 | 000-270 | 000-270

Get high marks in 000-270 exam with these dumps
killexams.com 000-270 Exam PDF consists of Complete Pool of Questions and Answers with Dumps checked and confirmed along with references and explanations (where relevant). Their target to gather the Questions and Answers isnt always only to pass the exam at the first attempt but Really Improve Your Knowledge about the 000-270 exam topics.

killexams.com high quality 000-270 exam simulator is very facilitating for their customers for the exam preparation. All important features, topics and definitions are highlighted in brain dumps pdf. Gathering the data in one place is a true time saver and helps you prepare for the IT certification exam within a short time span. The 000-270 exam offers key points. The killexams.com pass4sure dumps helps to memorize the important features or concepts of the 000-270 exam

At killexams.com, they provide thoroughly reviewed IBM 000-270 training resources which are the best for Passing 000-270 test, and to get certified by IBM. It is a best choice to accelerate your career as a professional in the Information Technology industry. They are proud of their reputation of helping people pass the 000-270 test in their very first attempts. Their success rates in the past two years have been absolutely impressive, thanks to their happy customers who are now able to boost their career in the fast lane. killexams.com is the number one choice among IT professionals, especially the ones who are looking to climb up the hierarchy levels faster in their respective organizations. IBM is the industry leader in information technology, and getting certified by them is a guaranteed way to succeed with IT careers. They help you do exactly that with their high quality IBM 000-270 training materials.

IBM 000-270 is omnipresent all around the world, and the business and software solutions provided by them are being embraced by almost all the companies. They have helped in driving thousands of companies on the sure-shot path of success. Comprehensive knowledge of IBM products are required to certify a very important qualification, and the professionals certified by them are highly valued in all organizations.

killexams.com Huge Discount Coupons and Promo Codes are as under;
WC2017 : 60% Discount Coupon for all exams on website
PROF17 : 10% Discount Coupon for Orders greater than $69
DEAL17 : 15% Discount Coupon for Orders greater than $99
OCTSPECIAL : 10% Special Discount Coupon for All Orders

At killexams.com, they provide thoroughly reviewed IBM 000-270 training resources which are the best for Passing 000-270 test, and to get certified by IBM. It is a best choice to accelerate your career as a professional in the Information Technology industry. They are proud of their reputation of helping people pass the 000-270 test in their very first attempts. Their success rates in the past two years have been absolutely impressive, thanks to their happy customers who are now able to boost their career in the fast lane. killexams.com is the number one choice among IT professionals, especially the ones who are looking to climb up the hierarchy levels faster in their respective organizations. IBM is the industry leader in information technology, and getting certified by them is a guaranteed way to succeed with IT careers. They help you do exactly that with their high quality IBM 000-270 training materials.

IBM 000-270 is omnipresent all around the world, and the business and software solutions provided by them are being embraced by almost all the companies. They have helped in driving thousands of companies on the sure-shot path of success. Comprehensive knowledge of IBM products are required to certify a very important qualification, and the professionals certified by them are highly valued in all organizations.

We provide real 000-270 pdf exam questions and answers braindumps in two formats. Download PDF & Practice Tests. Pass IBM 000-270 real Exam quickly & easily. The 000-270 braindumps PDF type is available for reading and printing. You can print more and practice many times. Their pass rate is high to 98.9% and the similarity percentage between their 000-270 study guide and real exam is 90% based on their seven-year educating experience. Do you want achievements in the 000-270 exam in just one try?

Cause all that matters here is passing the 000-270 - IBM Business Process Manager Advanced V7.5 Integration Development exam. As all that you need is a high score of IBM 000-270 exam. The only one thing you need to do is downloading braindumps of 000-270 exam study guides now. They will not let you down with their money-back guarantee. The professionals also keep pace with the most up-to-date exam in order to present with the the majority of updated materials. Three Months free access to be able to them through the date of buy. Every candidates may afford the 000-270 exam dumps via killexams.com at a low price. Often there is a discount for anyone all.

In the presence of the authentic exam content of the brain dumps at killexams.com you can easily develop your niche. For the IT professionals, it is vital to enhance their skills according to their career requirement. They make it easy for their customers to take certification exam with the help of killexams.com verified and authentic exam material. For a bright future in the world of IT, their brain dumps are the best option.

killexams.com Huge Discount Coupons and Promo Codes are as under;
WC2017 : 60% Discount Coupon for all exams on website
PROF17 : 10% Discount Coupon for Orders greater than $69
DEAL17 : 15% Discount Coupon for Orders greater than $99
OCTSPECIAL : 10% Special Discount Coupon for All Orders


A top dumps writing is a very important feature that makes it easy for you to take IBM certifications. But 000-270 braindumps PDF offers convenience for candidates. The IT certification is quite a difficult task if one does not find proper guidance in the form of authentic resource material. Thus, they have authentic and updated content for the preparation of certification exam.

000-270 | 000-270 | 000-270 | 000-270 | 000-270 | 000-270


Killexams C9060-521 study guide | Killexams 000-426 cheat sheets | Killexams 77-883 dumps questions | Killexams 920-138 practice questions | Killexams ISEB-ITILF questions and answers | Killexams 9A0-310 test questions | Killexams C8010-241 free pdf | Killexams A2040-409 study guide | Killexams 1Z0-966 practice test | Killexams 000-743 study guide | Killexams HP2-E58 VCE | Killexams A2180-178 practice questions | Killexams E20-624 pdf download | Killexams A2030-283 practice exam | Killexams PT0-001 braindumps | Killexams 000-N05 test prep | Killexams HP0-719 real questions | Killexams TU0-001 test prep | Killexams HP5-B04D brain dumps | Killexams FM0-307 exam questions |


killexams.com huge List of Exam Braindumps

View Complete list of Killexams.com Brain dumps


Killexams DSDPS-200 sample test | Killexams 9A0-303 study guide | Killexams 1Z0-403 real questions | Killexams EE0-071 braindumps | Killexams HAT-420 practice questions | Killexams ABEM-EMC real questions | Killexams HP0-063 practice test | Killexams HP0-461 study guide | Killexams 920-330 study guide | Killexams CSQE Practice Test | Killexams GB0-280 braindumps | Killexams 9A0-064 questions answers | Killexams ST0-134 dump | Killexams ST0-247 brain dumps | Killexams 270-551 brain dumps | Killexams HP0-759 questions and answers | Killexams F50-536 pdf download | Killexams HPE2-E67 free pdf | Killexams M2040-641 mock exam | Killexams ST0-147 free pdf |


IBM Business Process Manager Advanced V7.5 Integration Development

Pass 4 sure 000-270 dumps | Killexams.com 000-270 real questions | http://smresidences.com.ph/

IBM delivers new DevOps stack for microservices development | killexams.com real questions and Pass4sure dumps

IBM has added to its portfolio of DevOps tools by introducing a new product for developing microservices known as the IBM Microservice Builder.

IBM's Microservice Builder makes it easier for developers to build, deploy and manage applications built with microservices, and it provides flexibility for users to run microservices on premises or in any cloud environment. The tool simplifies microservices development in a DevOps context.

"Microservices are becoming increasingly popular for building business applications, and with good reason," said Charles King, president and principal analyst with Pund-IT. "Basically, rather than the highly monolithic approach required for traditional enterprise application development, microservices enable apps to be constructed out of individually crafted components that address specific processes and functions. They can also leverage a wide variety of developer tools and programming languages."

Charlotte Dunlap, principal analyst for application platforms at GlobalData, called IBM's Microservice Builder "significant" for its new monitoring capabilities, "which are increasingly important to DevOps as part of [application lifecycle management]," she said. "Developing and deploying advanced apps in a cloud era complicates application performance management (APM) requirements. IBM's been working to leverage its traditional APM technology and offer it via Bluemix through tools and frameworks. [Open source platform] technologies like Istio will play a big role in vendor offerings around these DevOps monitoring tools."

Microservices are hot

IBM officials noted that microservices have become hot among the developer set because they enable developers to work on multiple parts of an application simultaneously without disrupting operations. This way, developers can better integrate common functions for faster app deployment, said Walt Noffsinger, director of app platform and runtimes for IBM Hybrid Cloud.

Along with containers, DevOps aligns well with microservices to support rapid hybrid and cloud-native application development and testing cycles with greater agility and scalability. Walk Noffsingerdirector of app platform and runtimes, IBM Hybrid Cloud

The new tool, according to IBM, helps developers along each step of the microservices development process from writing and testing code to deploying and updating new features. It also helps developers with tasks such as resiliency testing, configuration and security.

"With Microservice Builder, developers can easily learn about the intricacies of microservice apps, quickly compose and build innovative services, and then rapidly deploy them to various stages by using a preintegrated DevOps pipeline. All with step-by-step guidance," Noffsinger said.

IBM is focused on DevOps because it helps both Big Blue and its customers to meet the fast-changing demands of the marketplace and to be able to launch new and enhanced features more quickly.

"DevOps is a key capability that enables the continuous delivery, continuous deployment and continuous monitoring of applications; an approach that promotes closer collaboration between lines of business, development and IT operations," Noffsinger said. "Along with containers, DevOps aligns well with microservices to support rapid hybrid and cloud-native application development and testing cycles with greater agility and scalability."

The WebSphere connection

The Microservice Builder initiative was conceived and driven by the team behind IBM's WebSphere Application Server, an established family of IBM offerings that helps companies create and optimize Java applications.

"Our keen insight into the needs of enterprise developers led to the development of a turnkey solution that would eliminate many of the challenges faced by developers when adopting a microservices architecture," Noffsinger said.

The WebSphere team designed Microservice Builder to enable developers to make use of the IBM Cloud developer tools, including Bluemix Container Service.

The new tool uses a Kubernetes-based container management platform and it also works with Istio, a service IBM built in conjunction with Google and Lyft to facilitate communication and data-sharing between microservices.

Noffsinger said IBM plans to deepen the integration between Microservice Builder and Istio. A deeper integration with Istio, he said, will allow Microservice Builder to include the ability to define flexible routing rules that enable patterns such as canary and A/B testing, along with the ability to inject failures for resiliency testing.

Popular languages and protocols

IBM's Microservice Builder uses popular programming languages and protocols, such as MicroProfile, Java EE, Maven, Jenkins and Docker.

Noffsinger also noted that the MicroProfile programming model extends Java EE to enable microservices to work with each other. It also helps to accelerate microservices development at the code level.

He said the tool's integrated DevOps pipeline automates the development lifecycle and integrates log analytics and monitoring to help with problem diagnosis.

In addition, Noffsinger explained that the tool provides consistent security features through OpenID Connect and JSON Web Token and implements all the security features built into the WebSphere portfolio which have been hardened over years of use.

Meanwhile, Pund-IT's King argued that the sheer variety of skills and resources that can be brought to bear in microservice projects can be something of an Achilles' heel in terms of project management and oversight.

"Those are among the primary challenges that IBM's new Microservice Builder aims to address with its comprehensive collection of developer tools, support for key program languages and flexible management methodologies," he said.


International Business Machines Corporation (IBM) Q3 2018 Results - Earnings Call Transcript | killexams.com real questions and Pass4sure dumps

International Business Machines Corporation (NYSE:IBM) Q3 2018 Results Earnings Conference Call October 16, 2018 5:00 PM ET

Executives

Patricia Murphy - VP, IR

Jim Kavanaugh - SVP and CFO

Analysts

Amit Daryanani - RBC Capital Markets

Katy Huberty - Morgan Stanley

Toni Sacconaghi - Bernstein

Wamsi Mohan - Merrill Lynch

Tien-tsin Huang - JP Morgan

John Roy - UBS

David Grossman - Stifel Financials

Keith Bachman - BMO

Joseph Foresi - Cantor Fitzgerald

Operator

Welcome and thank you for standing by. At this time, all participants are in a listen-only mode. Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

Now, I will turn the meeting over to Patricia Murphy with IBM. Ma’am, you may begin.

Patricia Murphy

Thank you. This is Patricia Murphy, Vice President of Investor Relations for IBM, and I’d like to welcome you to their third quarter earnings presentation. I’m here today with Jim Kavanaugh, IBM’s Senior Vice President and Chief Financial Officer. Their prepared remarks will be available within a couple of hours, and a replay of the webcast will be posted by this time tomorrow.

I’ll also remind you that certain comments made in this presentation may be characterized as forward-looking, under the Private Securities Litigation Reform Act of 1995. Those statements involve a number of factors that could cause actual results to differ materially. Additional information concerning these factors is contained in the Company’s filings with the SEC. Copies are available from the SEC from the IBM website or from us in Investor Relations.

Our presentation also includes certain non-GAAP financial measures in an effort to provide additional information to investors. All non-GAAP measures have been reconciled to the related GAAP measures in accordance with SEC rules. You’ll find reconciliation charts at the end of the presentation and in the Form 8-K submitted to the SEC.

So, with that, I’ll turn the call over to Jim.

Jim Kavanaugh

Thanks, Patricia, and thanks to all of you for joining us.

In the third quarter, they delivered $18.8 billion of revenue, $3.6 billion of operating pretax income and $3.42 of operating earnings per share. And over the last 12 months, they generated $12.2 billion of free cash flow with realization over 100%. As compared to last year, their revenue was flat at constant currency though down 2% with the impact of the stronger dollar. Gross profit margin was flat, which is the best year-to-year performance in years. The improvement was led by services margin expansion. They expanded their overall operating pretax margin and they grew operating profit and earnings per share.

We continue to see strong client demand in the emerging, high-value segments of the IT industry. And their performance this quarter was driven by the offerings in hybrid cloud, in security, in digital, and in analytics and AI, a testament to their ability to deliver differentiated value to their clients through innovative technologies with the skills and expertise to implement these technologies. They see the results in their strategic imperatives revenue growth of 13% over the last 12 months. They also see this playing out in higher operating margin over the last few quarters, which supports both, their long-term investment and return to shareholders. With their success in these higher value areas and their focus on delivering consistent operational performance, they remain on track to their full-year expectations of earnings per share and free cash flow.

Coming into the second half, they said they expected to improve their services revenue trajectory and to expand total services margins for the half. They also said they face some headwinds as they wrap on the new mainframe launch and their strongest software performance in the third quarter of last year.

And so now this quarter, they delivered revenue growth and gross margin expansion in both services segments. In global business services, their revenue growth accelerated, driven by consulting as they help clients with their digital transformations. And they grew revenue again in Technology Services and Cloud Platforms, driven by hybrid cloud implementations. And I should mention that my revenue comments here and throughout will be based on constant currency.

In systems, their IBM Z revenue grew, despite a wrap on new mainframe launch, resulting in what is now the most successful Z program in their history. And then, looking at their software revenue, which spans their segments, they had growth in integration software, driven by offerings that help clients modernize applications and enable hybrid cloud adoption. In solution software, they had good performance in several areas including security, key offerings and analytics like data science, and their Watson health verticals, as they embed AI into more of their offerings. At the same time, they continue to deal with challenges in a few horizontal solution areas and a tougher compare in transaction processing software, both of which impacted overall software revenue growth.

Across their segments, their strategic imperatives revenue has grown to $39.5 billion over the last 12 months. Within that, their cloud revenue is $19 billion, and they exited the third quarter within as-a-service annual run rate of $11.4 billion, which again was up 24%. While that’s already a significant revenue base in the emerging, high-value segments of the IT industry such as cloud and AI, it’s still early in the adoption of these technologies.

For example, it’s estimated that enterprises are only 10% to 20% into their cloud journey, with progress slow by the lack of interoperability across cloud environments and concerns about the ability to manage data privacy and security in multiple cloud environments. And so, clients need a cloud partner that can offer a hybrid cloud for workloads that cut across public, private and traditional, a secure cloud for mission-critical workloads and highly sensitive data and an open cloud to run complex, multi-cloud environments.

12 months ago, they launched IBM Cloud Private, which is a starting point for many companies as they embrace a hybrid, multi-cloud strategy. Already, more than 400 global companies have embraced this platform to manage mission-critical business processes in the cloud, and nearly all of these are competitive wins. Just yesterday, they announced a series of innovations that will help clients scale their cloud, AI and cyber security initiatives. These include IBM Multicloud Manager, which is the industry’s first service to deploy and manage complete applications in any cloud environment. They also announced IBM’s AI OpenScale technology, the first open, interoperable AI platform to manage the lifecycle of all forms of AI applications and models. This includes the management of bias, security and provenance of models and data which are the issues clients are facing with scaling AI in the enterprise.

These are just a few examples of how we’re building their technology innovations and industry expertise with trust and security to help enterprises on their journey to cloud and to AI.

Before getting into the financial metrics, I’ll lay out the drivers of their operating earnings per share growth. As I said, their revenue is flat at constant currency, but with the continued strengthening of the dollar, revenue was down 2%. And at constant margin, this was a headwind to profit and earnings per share growth. Their actions to reposition their cost base and drive operating efficiencies resulted in pretax margin expansion of 50 basis points, despite a headwind from mix. And so, they had modest growth in their pretax income. Their tax rate was down, driven by a discrete benefit in the quarter, and finally, a lower share count contributed to growth. Putting it all together, their operating EPS was up 5%. Year-to-date through September, their operating EPS is also up 5%. And you can see on this chart the contributors to earnings per share growth consistent with how they presented it over the last three quarters.

Looking at their underlying profit and cash metrics. As I said, their gross margin was flat compared to last year, which is an improvement in the year-to-year trajectory. They had solid gross margin improvement in the services segments, together up 160 basis points. And as I talked about last quarter, in services, which is a human capital based business, value is instantiated in gross margin. This was offset by the mix headwinds they discussed 90 days ago, in z14 mainframe and software.

Our operating expense was down 4% year-to-year with half due to currency and half due to the base operational performance. When currency hurts the top-line, it generally helps the expense line due to both translation and the benefit of hedging contracts. The base expense reduction of 2 points was driven by operating efficiencies, including acquisition synergies. They deliver productivity across their business by using automation, leveraging agile processes and changing the way they work. This provides flexibility to increase investment to deliver innovations in areas like hybrid cloud, AI, cyber security and blockchain, while also dropping some to the bottom line.

Within their expense decline, they also absorbed a lower level of IP income. They expanded both operating pretax and net income margins, and net income was up 3%. Their operating tax rate was down 2 points from last year, while their underline rate of 16% is up slightly. As I said the year-to-year dynamic is driven by discrete benefit in the quarter.

Looking at their cash metrics. They generated $2.2 billion of free cash flow in the quarter and $5.4 billion through September, which is year-to-year. As expected, their year-to-date decline is driven by cash tax headwind and growth in CapEx. As always, trailing 12 months is the best way to look at their cash flow performance. And on that basis, they generated $12.2 billion, which a 108% free cash flow realization. They returned about 70% of that to shareholders while increasing their capital investment.

Turning to their segments. Cognitive solutions had $4.1 billion of revenue, which was down 5%. The segment is comprised of a broad set of offerings. So, let me take a minute to break it down. solutions software includes offerings and strategic verticals like health, domain-specific capabilities, like analytics and security, as well as their emerging technologies of AI and blockchain. They had good performance across these areas this quarter, and I’ll come back to these in a minute.

Solutions also includes offerings that address horizontal domains. And over the last three quarters, I’ve been talking about challenges in a few of these areas, specifically collaboration, commerce and talent where we’re dealing with secular shifts in the market. We’ve been taking actions including modernizing their offerings, infusing AI, and enhancing the digital experience. While these three areas continue to weigh on the segment’s overall performance, we’ve made some progress. For example, in commerce, where they infused AI into offerings like customer experience analytics, SaaS signings grew double digits this quarter. And in collaboration, we’ve had very positive reaction to the recent introduction of Notes/Domino Version 10, which is optimized for mobile and supports JavaScript and Node.js. So, we’re starting to see some green shoots. But because the time to value is longer in SaaS, they will start seeing this play out as they get into 2019.

Cognitive Solutions also includes transaction processing software. This includes software that runs mission-critical workloads, leveraging their hardware platforms. While much of the revenue is annuity-based, in any quarter, the performance reflects the timing of larger transactions that are tied to client buying cycles. They have a good pipeline in transaction processing software as they enter the fourth quarter, which supports a return to growth.

So, now, let me turn back to a few of their high-value areas where they continue to scale new platforms and high-value solutions. This quarter, they had growth in industry verticals like health, key areas of analytics and security. In Watson health, where we’ve been infusing AI the longest, they had broad-based growth including in payer, provider, imaging and life sciences. In the area of life sciences, we’ve been working with Medtronic to leverage data and apply intelligence into their glucose monitors. In June, the Sugar.IQ with Medtronic went live, and initial demand and patient results are very strong.

In their underlying analytics platform, they had growth in their data science and IBM Cloud Private for data offerings. They continue to invest in advancing data and AI. They announced bias detection services and introduced new Watson services on the IBM Cloud Private platform as clients seek the benefits of AI and the cloud behind their firewall.

Security growth in the quarter was led by offerings in orchestration, data security and endpoint management. Their momentum is driven by their unique market position, comprehensive integrated portfolio and differentiation with AI. In the emerging area of blockchain, this quarter their IBM Food Trust network for food safety went live, and Carrefour, one of the world’s leading retailers joined the network. They also jointly announced TradeLens with Maersk. Together they will apply blockchain technologies to address inefficiencies in the global supply chain, and signed up over 50 ecosystem participants, and they now have over 75 active blockchain networks.

Looking at profit this quarter. They expanded pre-tax margin by over a point year-to-year. This was driven by operational efficiencies, including acquisition synergies, while continuing to invest at high levels in key strategic areas.

Looking at services. Their global business services revenue grew 3%, building on the progress from first half. Consulting revenue growth accelerated to 7%, led by strength in offerings within the Digital Strategy and iX, as well as Cognitive Process Transformation. And in application management, a decline in traditional enterprise application managed services is being mitigated by the continued strength in areas such as cloud migration factory and cloud application development.

Our consulting performance reflects the fact that enterprises are undergoing a digital transformation and reinvention, leveraging technology to transform the way they operate, to attract the best talent, and to improve engagements with their customers.

Customers are turning to GBS as they are uniquely positioned to infuse IBM’s leading-edge technology and partnerships with their industry expertise to enable clients’ digital transformation. For example, they are partnering with Sally Beauty to provide it innovative digital and in-store customer experience, influenced by deep understanding of the brand, consumer, and retail industry. They are creating virtual assistance for Lloyds Banking Group to enhance the way they communicate with and serve customers. And at the U.S. Open, GBS provided the digital fan experience, which included several innovative features. AI highlights enabled the tournament’s digital team to view and find the most exciting shot of the day or match for distribution, and the AI powered virtual concierges answered fans’ questions on a range of topics.

Turning to gross profit. GBS gross margin expanded 270 basis points year-to-year. They are shifting their revenue mix towards higher value offering such as digital and cognitive, and capturing that price for value. Additionally, they have aligned their resources to key skill areas and are seeing productivity and utilization benefits. Putting it all together, GBS delivered a solid quarter. They are executing well and delivering value to clients in key strategic areas.

In Technology Services and Cloud Platforms, they delivered $8.3 billion of revenue and grew for the second consecutive quarter. Growth was led by hybrid cloud implementations with cloud revenue up 22%. And they exited the quarter with a $7.5 billion as-a-service annual run rate. This reflects IBM’s differentiated value proposition to address cloud for the enterprise. As I said earlier, clients are early in their cloud journey and their needs are evolving. Initial cloud projects focused on the productivity economics of renting IT infrastructure at scale.

More and more however, clients want to move beyond that model and start to shift mission-critical business processes and apps to the cloud. They recognize that cloud can help drive real business value in those processes, launch new applications rapidly and enter new markets. And this all needs to be optimized across public, private and on-prem where many of the workloads will remain. This is why IBM’s approach to cloud is hybrid, secure and open.

I mentioned their announcements yesterday. It’s important to note that they are bringing new, open and interoperable approaches to cloud. This is consistent with their heritage as a leader in open standards and governance. From the early days of Linux and Java to Kubernetes and Hyperledger for blockchain, we’re bringing the same open approach to cloud and AI, which will also help clients overcome the complexity of proprietary technology and vendor lock-in. Within this segment, they see results of this shift in infrastructure services and integration software with strong cloud performance contributing to revenue growth in both of these areas.

I mentioned earlier the strong adoption of IBM Cloud Private, with 95 new companies alone this quarter around the globe. For example, Aflac in Japan is trusting IBM Cloud to help speed the development of new business products and services. Brazil’s Fidelity National Information Services, a global leader in payment processing solutions has adopted IBM Cloud Private to help streamline credit card charge backs for its Brazilian operations. And CNH Industrial, a leader in the capital goods sector will use IBM Cloud Private and Watson Artificial Intelligence to transform its business processes across manufacturing, supply chain, sales and marketing, and financial services.

And now, turning to technical support services, revenue was down 3%, which is a modest sequential improvement from second quarter. Similar to last quarter, this area continued to be impacted by the dynamics of their hardware product cycle, moderated by continued growth in their core multi-vendor services offerings.

Moving on to gross profit for the segment. Margin expanded 120 basis points. This improvement was driven by scale efficiencies in their cloud business as well as a lift in their productivity initiatives. As they continue to drive value in Technology Services and Cloud Platforms, they are making investments to capitalize on the shifts to cloud by adding capacity and expanding their data center footprint around the world as well as expanding their go-to-market capabilities to capture the opportunity in hybrid. We’re also investing in development to drive hybrid cloud innovation that means both private and public technologies. You see this in the introduction of IBM Multicloud Manager and AI OpenScale. And we’re also adding functionality and enhancements to IBM Cloud Private and IBM Cloud.

Before moving on to Systems, let me give you some perspective on their combined services business. As they entered the year, they saw improved revenue from opening backlog, which pointed to an improving revenue trajectory. And the actions we’ve been taking to remix their offerings to higher value, improve price realization and drive productivity and workforce optimization combined with scale efficiencies in the cloud are designed to improve gross profit performance, which in a human capital-based business is where the value is instantiated. In the third quarter for services, the revenue trajectory and gross margins continued to improve, with combined revenue up 1% and gross margins expanding 160 basis points.

In Systems, they grew revenue again this quarter, driven by a combination of a strong z14, a newly introduced POWER9 adoption. This quarter IBM Z revenue grew 6% year-to-year on 20% MIPs growth, and margins expanded. The z14 program continued to track ahead the prior cycle. And in fact, program to-date in terms of shipped capacity, it’s the most successful in their platform’s long history. The z14’s pervasive encryption continues to be a key differentiator. For instance, governments are selecting z14 to protect the sensitive data, including a large U.S. government agency this quarter. The z14 adoption spans many industries and countries. And they added new clients to the platform again this quarter, including several new clients to their new single-frame z14 designed specifically for cloud environments.

Our Power revenue was up double digits, driven by strong growth in Linux, and traction across their new POWER9-based architecture. In the third quarter, they released their next-generation POWER9 processors for a mid-range and a high-end systems, and we’ve seen strong adoption. These systems are designed for handling advanced analytics, cloud environments, and data intensive workloads in AI, HANA and UNIX markets. They also introduced new offerings optimizing both hardware and software for AI. Offering such as PowerAI Vision and PowerAI Enterprise will help to drive new customer adoption. And they continued to deploy their supercomputers at U.S. Department of Energy labs in the quarter.

Storage hardware was down this quarter with declines in mid-range and high-end, mitigated by strong growth in all-flash arrays. Storage is an increasingly competitive environment with continued pricing pressures. So, to differentiate in this environment requires additional investment in innovation. We’ve been releasing new functionality like Safeguarded Copy for cybersecurity to protect critical client data from cyber attack. And they signed their first large deployment of this technology with a major bank this quarter. And their new FlashSystems with next generation NVMe technology was announced earlier this quarter. They will continue to roll out NVMe across the portfolio.

Turning to profit. Systems pretax margin was down over 6 points, reflecting a mixed headwind and lower level of IP income and ongoing investment to drive innovation across the brands.

Turning to cash flow and balance sheet in the quarter. They generated $3.1 billion of cash from operations excluding their financing receivables and $2.2 billion of free cash flow. This brings their year-to-date free cash flow to $5.4 billion, which is down $800 million year-to-year. The decline is driven by a combination of higher capital expenditures and cash taxes. You’ll recall at the beginning of the year, they said they expected three headwinds to their free cash flow growth this year, higher CapEx, higher cash taxes, and their strong working capital performance at the end of last year, driven by the IBM Z introduction. The combined impact from cash taxes and capital investments is in line with what they expected at this point. So, they spent a little more in CapEx and a little less on cash taxes.

Looking at uses of cash over the last three quarters. They returned $6.6 billion to their shareholders, including $4.2 billion in dividends. And they bought back 16 million shares with $1.4 billion remaining in their buyback authorization at the end of September.

Looking at the balance sheet highlights. They ended September with $14.7 billion in cash and non-financing debt of about $16.5 billion. They had just over $30 billion of debt in support of their financing business, which continues to be leveraged at 9 to 1. Their financing portfolio remained strong at 55% investment grade. That’s a point better than December and two points better than a year ago. So, I’m confident in the strength of their balance sheet. We’ve got plenty of flexibility to continue to invest, while returning value to their shareholders as evidenced by 23 consecutive years of dividend increases.

So, let me wrap it up. Their performance through the first three quarters reflects the investments we’ve been making over the last couple years and actions to reposition the business. We’ve been rebuilding their innovation pipeline to address what their enterprise clients value in an IT industry that has been rapidly reordering, technologies like AI, blockchain, cyber security delivered in hybrid cloud environments. And we’ve taken actions to further align their skill base to this opportunity and to drive operating efficiencies.

And so, now, on a year-to-date basis, their revenue is up, their gross margin trajectory has been improving, and then the third quarter was flat year-to-year. Their operating profit is up modestly and they returned a lot of value to shareholders. These all reinforce the fact that we’re a high-value company.

As they look forward as always, there’s more work to do. And the fourth quarter seasonally has a large transaction base. But with the performance in the first three quarters and their focus on consistent operational execution, they continue to expect to deliver at least $13.80 of operating earnings per share. Regarding their free cash flow with the headwinds they expected in cash taxes and capital expenditures largely behind us, they are maintaining their view of about $12 billion of free cash flow for the year, which is over 100% realization.

And with that, let me turn it back to Patricia, so they can get started on mp;A.

Patricia Murphy

Thank you, Jim. Before they begin the mp;A, I’d like to mention a couple of items. First, they have supplemental charts at the end of the slide deck that provide additional information on the quarter. And second, I’d ask you to refrain for multiple questions and multi-part questions, so that they can make the best use of the time they have today. So, operator, let’s please open it up for questions.

Question-and-Answer Session

Operator

Thank you. At this time, they will begin the question-and-answer session of the conference. [Operator Instructions] Their first question comes from Amit Daryanani from RBC Capital Markets.

Amit Daryanani

Thank you. Jim, I guess, when I think about this quarter, there were multiple cross currents that IBM dealt with across the portfolio. So, I guess, it would be helpful just to hear how you would characterize IBM’s performance in September quarter versus what you guys were expecting 90 days ago, and importantly the sustainability of some of the trends that you’re seeing, especially on gross margins, which were flat on a very difficult compare I think versus last year. And then, on the other hand, you had Cognitive was down somewhat more than I thought. So, if you could maybe just characterize the performance and sustainability of some of these trends versus what you thought 90 days ago, that would be really helpful for us.

Jim Kavanaugh

Okay. Thanks, Amit. And it’s a good place to start here talking about the characterization of their quarter, now that we’re through three quarters of 2018. But, I guess from my perspective, I would say, first, they had a solid quarter. They delivered $18.8 billion of revenue, which was consistent with their guidance of a typical quarter-to-quarter seasonality, even in light of a strengthening U.S. dollar, which continues to go against us. But, the headline overall would be, they fundamentally have taken the actions to reposition their business entering 2018. And you see that play out as they enter the second half where they grew operating profit, they expanded operating pretax margins by 50 basis points, they grow EPS 5% consistent with the first half, and they continue to drive strong free cash flow realization to deliver value back to their shareholders.

Now, some of the underpinnings behind that. One, they still see strong demand in key high value segments and you see that play out in their third quarter performance, and they think that will continue moving forward. Areas like hybrid cloud where we’re winning with their hybrid cloud value proposition to the marketplace, data and AI, security, digital, all of these are instantiated in their strategic imperatives, which now from a trailing 12-month perspective were at $39.5 billion, pretty close to that $40 billion target that they put in place well over three years ago, when the IBM company had less than 25% of its portfolio in strategic imperatives; today, we’re roughly at 50%. That’s a massive transformation over a period of time. And that’s led to significant improvement in trajectory of their revenue growth overall, whereas quarter -- year-to-date, we’re up 2%.

But underneath that you see some of the areas of growth around cloud, $19 billion, growing 20%. And within that, it’s being driven by their high-value as-a-service content, driving their cloud component. That’s up now to $11.4 billion on an annualized exit run rate, growing consistently at 24%. But, if you put all that together, yes, we’re seeing the underlying fundamental shifts of their top line. We’ve done the tough work to transform their portfolio. But really, what I would call as an inflection point as they enter the second half of the year is what’s happening with their operating leverage. And you see that play out in their gross margin performance, which is the best we’ve had year-to-year in over three years.

Now, let’s talk a little bit about that, because each of you is analyst; and more importantly, as I go out and meet with many of their investors, it is a very critical signpost in a high-value-based business model. And they’ve been talking about their gross margin performance and when are they going to stabilize and how are they going to get back to expansion towards their model. And they talked about as they entered the year, they knew they had headwinds coming into the second half, predominantly around mix, mix around their successful mainframe launch but also mix is starting to hurt us from a currency perspective as they talked at length 90 days ago on how currency and the strengthening of dollars is actually hurting their product-based businesses in hardware and software where you have a disconnect between your cost base, which is in U.S. dollars versus your actual revenue of local currency. So, they knew that headwind. And now, what we’ve been able to do is we’ve been able to reposition their services base of businesses, and you see not only that they return both units back to growth, they actually delivered 160 basis points of margin improvement year-over-year. That’s the best year-over-year in their services business in over five years. And they see that continuing and they expect that to continue to accelerate as they move into fourth quarter.

So, you combine that margin with their continued enterprise productivity, and you see that we’re able to deliver strong operating pretax margins, and you couple that with their strong free cash flow which on a trailing 12 months is still in excess of $12 billion and free cash flow realization over 100%. And that gives us confidence to reaffirm their expectation of at least $13.80.

Patricia Murphy

Thanks Amit. Can they please go to the next question?

Operator

Our next question is from Katy Huberty from Morgan Stanley.

Katy Huberty

Good afternoon. Jim, I want to get your early thoughts as you think about planning for next year, in particular because you face a number of headwinds, services backlog is down, the mainframe comps get more difficult, the dollars is strong, question of what tariffs do to demand. And so, in the context of all those headwinds, can you talk about what some of the offsets are as you start to plan for 2019? Whether there is a potential to continue to grow PTI as you go into next year, even as some of these headwinds don’t? Thank you.

Jim Kavanaugh

Sure, Katy. Thank you very much for the question. Obviously, we’ve still got a lot of work to do. We’re 16 days into a very important fourth quarter. They are focused on delivering consistent operational performance to deliver value for their clients in the marketplace and also for their shareholders. So, with that said, we’ll give updates on guidance in January. But, let me give you -- and to your point, let me give you kind of what they see as the trajectory of their business in the connotation of a headwind, tailwind as they move forward. So, let me first start with services.

You see, as they entered 2018, they talked about they had a much better position on their backlog near-term runout, and you’ve seen that play out throughout 2018. And I think that’s a combination of us taking some very bold actions about repositioning their services business and capitalizing on a differentiated services model, services practices and services value propositions to capture the growth in digital, cognitive and cloud. And they see great momentum in their GBS base of business, both on top-line and on bottom-line as they move forward.

In their GTS business, again, they continue to make progress, see acceleration in revenue through the third quarter. They are leveraging their differentiated hybrid cloud value proposition. Their clients value their incumbency. They value it because they understand their infrastructure, their workloads, and they trust us to move them to the future. And they talked about in the beginning of the year, when you look at their outsourcing backlog, they were hovering around 25% of a $90 billion outsourcing backlog. But right now, exiting third quarter, that $90 billion backlog give or take, they are now in about 32%, 35% cloud content. So, they are winning in the marketplace and their clients are choosing us to move down to the future. So, I continue to see both of their services business.

Now, with that said, they got a big fourth quarter on signings. They fell short in third quarter on signings. And as you know, signings can vary. And really, all signings are not equal. The reality is, the duration, the mix of signings and also new logo versus just extensions, all can impact overall. But, when they look at their fourth quarter, they got the strongest line-up in greater than $100 million deals lined up that we’ve got a chance to exit the year with a very strong position in their services base of business. And when I couple that with their margin leverage that we’re getting out of that business, once you get the revenue growth, you see the fundamental operating leverage, I definitely see that playing out into ‘19.

Now, on Systems, Systems as you talked about, we’re into their fifth quarter on mainframe. By the way, in terms of shipped MIPs as I said in prepared remarks, this is the most successful mainframe program that we’ve ever had. And they still grew in the third quarter, albeit mid-single-digits. Now, they know they wrap on that in the fourth quarter coming off of a 72% growth last year. But, you see the underlying innovation playing out in their Systems portfolio as they rolled out their new POWER9 architecture and they grew nicely in the third quarter by -- excuse me, 17%, if I remember correctly. And they see that continuing to play out as they rolled out mid-range and high-end late in the third quarter, they see that playing out in fourth quarter and next year also. And we’ve got also innovations coming out in their all-flash systems in storage, which is where we’re gaining share and winning in the marketplace.

So, the innovation of continually modernizing those platforms and systems, power in storage, they should see some continued growth as they move into ‘19, but they will wrap on some very tough compares to mainframe, which leads me to Cognitive. And they focused on Cognitive throughout this year. One, in the third quarter, they dealt with some enterprise client buying seasonality. And as I said earlier, that will come back in the fourth quarter, just given where clients are at in their buying cycles about committing to the platform. But, we’ve been dealing with some issues around their horizontal apps. And as I said, that’s a function of a secular shift in client value and consumption models to as-a-service. And we’ll see that play out as they get into ‘19 and throughout ‘19.

So, their focus has been on the key high-value emerging areas of Cognitive around their industry verticals and around their domains, like security, blockchain, which they see great opportunity, and we’re very pleased with that portfolio overall. So, kind of a posture around headwinds, tailwinds but we’ll give a lot more color as they get into January.

Patricia Murphy

Okay. Thanks, Katy. Can they please go to the next question?

Operator

Next question is from Toni Sacconaghi from Bernstein.

Toni Sacconaghi

Yes. Thank you. I was wondering if you could talk, Jim, a little bit about free cash flow for this year. You mentioned that it will be greater than 100% of GAAP net income this year, despite the fact that you have some headwinds in cash taxes and higher CapEx, and that number is higher than your longer term guidance of 90% to 100% realization. So, I’m wondering if you can help us understand what are the positive tailwinds that you’re seeing that are enabling free cash flow to be higher than 100% of GAAP net income? And can you explicitly comment on what your expected cash pension and retirement contributions are this year, and whether receivables factoring will benefit your free cash flow and to what extent?

Jim Kavanaugh

Okay. Toni, thank you very much. And as always, many very good questions that you bring up. But, I hope I can capture many of them. If not, Patricia can get to all of you after the call. But, first of all, let me start at the big picture. Free cash flow, as they entered 2018, they entered 2018 coming off of a very strong fourth quarter in 2017 where they drew -- they actually contributed significant working capital efficiency through the launch of their mainframe product cycle. And they said in their January call that they expected about $12 billion of free cash flow in 2018 and the drivers of that from 2017 were really going to be centered around, one, incremental cash taxes that would be a headwind to us in ‘18, and by the way, that is playing out, and all of that is behind us now as they exit the third quarter; number two, that they work on a plan on driving that strong working capital efficiency with the introduction of their mainframe as they exit the fourth quarter of 2018, and that would be a headwind; and then third, they said they were going to continue to invest in their business to capitalize on their innovation and differentiate value around their hybrid cloud. And we’ve continued to invest, actually invested more this year, because we’re seeing an accelerated growth in their proud overall. Their CapEx is up, I think year-to-date 21%. So when you put those three headwinds in play, that’s what you’re seeing play out in their free cash flows through nine months.

And by the way, they still feel comfortable and expect about $12 billion for the full-year based on any metric I look at in payment wise and their trailing 12 months is at $12.2 billion et cetera.

Now, let’s get to free cash flow realization. First of all, as you know appropriately so, they draw free cash flow realization compared to GAAP earnings and GAAP net income because they believe that’s the best way of doing realization overall. And you know within that, you’ve got not only their core operating profit but they got working capital efficiencies, you got CapEx, you got tax, you got pension, all of those can be variables in that free cash flow realization. But, if you look at the last couple of years, we’ve seen positive impact to their stated goal of at least 90% free cash flow realization, driven by working capital efficiency, it’s been driving that free cash flow above 100%; and then, also tax and pension, tax about 6 points, pension a couple of points year-over-year.

So, when you take a look at those pieces, they feel comfortable in 2018 looking at both their expectation for non-GAAP and their expectation for GAAP that they will be well north of their realization here in 2018. And I’m factoring -- I would tell you, their factoring is no different from 2018. They use that appropriately as a risk mitigation strategy, to manage credit, to manage concentration and collection risk overall. And we’ll continue to use that judiciously, but I wouldn’t see any major change in that year-over-year.

Patricia Murphy

Great. Could they please go to the next question?

Operator

Next question is from Tien-tsin Huang from JPMorgan. I’m sorry. Their next question is from Wamsi Mohan from Merrill Lynch.

Wamsi Mohan

Thank you. Jim, I was wondering if you can talk a little bit about the strategic imperative performance within Cognitive including the cloud revenues and as-a-service, both of which declined versus overall strategic imperative growth. Can you maybe talk about some of the puts and takes there and some color on what do you think drove that client buying seasonality that you mentioned to a prior question? And if I could, how do you think that some of these new announcements around AI OpenScale and multi-cloud could change the trajectory for Cognitive and when? Thank you.

Jim Kavanaugh

Okay, Wamsi. Thank you very much for your questions. There is a lot there to compact into a one answer. But, let me talk about strategic imperatives first and then I’ll get into Cognitive next. But let’s put the strategic imperatives into perspective. So, as I stated on the call, trailing 12 months, $39.5 billion. They talked about three years ago, they put the signpost out there. They had $40 billion at that point in time, the IBM contribution was less than a quarter of IBM’s revenue. Now, we’re approaching 50%. We’re growing in the mid-teens, 13% I think, if I remember correctly, over the trailing 12 months. And that has lifted IBM’s overall revenue growth. As you’ve seen, year-to-date, we’re growing 2% at the IBM level. But within that strategic imperatives, their cloud business, to your point, is at $19 billion right now, up 20%. And the high-value as-a-service component underneath that is up 24%, consistent with where we’ve been in the first half of the year. And I think that’s an attestation to they are capturing the new and emerging workloads as the secular shift to as-a-service world is happening overall.

Now, when you take a look at their strategic imperatives, let’s put this in perspective, where they were 90 days ago. They knew to hit that $40 billion that they needed to be at basically mid to high-single-digit growth in the second half. And they knew similar to how they laid out their expectation for guidance that they were going to wrap around the most successful mainframe product program that we’ve had in history. So, as they entered the second half, they knew they had a focus on driving that underlying high-value as-a-service content and continue to accelerate that to offset the impacts on that mainframe wrap around on product cycle. And you see in the third quarter, their strategic imperatives basically accomplished that. They did what they expected.

So, as they look going forward then in the fourth quarter, they have to repeat what they just did in the third quarter. And the underlying acceleration in their base services businesses I talked about, the expectation as they have a great pipeline lined up for their software entering the fourth quarter based on those buying cycle seasonality that impact us in third quarter, they do expect to hit the $40 billion at the end of the year. And I’ll remind you, when they set that $40 billion target in 2015, they lost over $2 billion of revenue due to the strengthening of the U.S. dollar. So, you’ve seen what it’s done to transform their portfolio. It’s changed the mindset of how they run their Company, how they allocate capital and investment, and you see how that’s playing up with regard to the improved trajectory.

Now, getting to Cognitive, and I’ll just talk about Cognitive SI, because to be honest with you, it’s a simple answer. They talked about last 90, 120 days about the challenges and headwinds we’re facing with regards to their horizontal application areas of talent, collaboration, and around Watson -- excuse me, marketing and commerce. We’ve been making progress and I’ll talk a little bit about that. But those three areas are still depressing their revenue. And as you know, there are secular shift to SaaS and consumption models, they hurt their as-a-service run rate.

So, while we’ve been maintaining rounding up and down $2 billion of an as-a-service for the last couple of quarters, you’re seeing strength in areas like security in their industry verticals like healthcare and blockchain and Watson, but it’s getting depressed by those three horizontal app areas, and that will not play out until that time to value throughout 2019.

Patricia Murphy

Thanks, Wamsi. Let’s go to next question, please.

Operator

Next question is from Tien-tsin Huang from JP Morgan.

Tien-tsin Huang

Thanks. Can you guys hear me now?

Patricia Murphy

We can hear you now.

Tien-tsin Huang

Sorry about that. I don’t know what happened. Good to hear from you guys. Just want to clarify, I guess on the on the 13.80, at least 13.80, trying of better assess the at least in that comment. And what’s required or how much cushion there is on the transactional side to achieve the outlook? Because if they use 13.80, that suggests 4Q earnings looks like a little below consensus and below each of the last two fourth quarters. So, just trying to understand the at least piece at this stage. Thanks.

Jim Kavanaugh

Sure, Tien-tsin, and thank you very much for the question. I think a little bit below, when you’re doing the math. I mean, they just beat third quarter by $0.02. But, let’s put that aside right now. As always, when they take a look at their following quarter and most importantly for the year, and it’s one of the same right now, they always have multiple scenarios taking into account, one, the trajectory of their business and also the fundamentals and the operational indices that they see. And all support their expectation of the at least -- excuse me, at least $13.80 of earnings per share.

So, if you put that in perspective, how are they entering fourth quarter? Well, if you look at the fundamentals of their business profile through third quarter we’re growing revenue, we’re growing operating profit, we’re growing earnings per share consistently, and we’re still driving that strong free cash flow realization. So, kind of -- let me walk down the I&E and give you a perspective. And again, there are multiple variables here. But the way they kind of see it triangulating each of these pieces.

First on revenue. On revenue, as you’ve seen in their supplemental charts, the dollar continues to go against us and strengthen against foreign currencies. And right now on revenue, they see about a 2-point currency headwind here in the fourth quarter, pretty consistent by the way with the third quarter. But, they would expect a normal historical quarter-to-quarter seasonality probably in the range of somewhere around 3 to 5 years, I mean average seasonality of 3Q to 4Q. But putting that in perspective, year-to-date grown at 2%; and where they think fourth quarter can be, they continue to feel that they expect full year revenue at current spot rates that they will grow. And again, I’ll make the statement, we’ve been saying that throughout the year. And from the trough of the U.S. dollar to FX, we’ve lost $1.5 billion of revenue since that period of time. But, they still feel based on the fundamentals and their underlying business that they will see growth moving forward, with regards to that content.

So, now, let’s turn to margin. Margin though is where they made the most progress. It is how you instantiate value. And when you take a look at, again, 90 days ago, nothing’s different. They expected a headwind on product mix, and now we’re dealing with a headwind on currency with regards to their product based businesses. And we’re more than offsetting that with services. They delivered their best year-to-year margin performance in the third quarter, led by services up 160 basis points year-over-year. The tough work we’ve done around shifting to higher value, we’re starting to see the realization in their margin on that. The momentum that we’ve got on their hybrid cloud value proposition, we’re starting to see the scale efficiencies. And the productivity benefits are playing out as they move forward.

So, when you take a look at margin, they see their margin continue to accelerate and approaching their model here in the fourth quarter. And then, you combine that with the work they have done about fundamentally changing the way they operate this Company and their enterprise productivity. I’m talking about things like embedding agile into all of their methodologies, transforming the way they work, embedding automation, AI, becoming a cognitive enterprise. With that enterprise productivity, they see their fourth quarter operating pretax margins expanding significantly as they move forward.

So, the last thing I’ll bring up is tax. And as you know, on tax, in their third quarter their underlying rate was still 16%. They did have a discrete in the third quarter. But, if you look at their fourth quarter, they continue to expect their underlying rate to be 16% plus or minus to 2 points. And I’ll tell you when you take a look at fourth quarter, fourth quarter always has the biggest variability in tax. Go look at the fourth quarter over the last 5 to 10 years. Why is that the case? Because one, it’s their largest transactional quarter. So, the product mix and geographic mix has a major implication on their underlying rate, but also tax events typically happen in the fourth quarter. Tax closures, audit closures, statute explorations, each tends to drive variability overall. But with that said, consistent with what I’ve said all year along, they expect on a full-year basis that their tax rate all-in printed will be a headwind. So, you put all those elements together, they expect the full-year guidance of at least 13.80; and as I said earlier, about $12 billion of free cash flow.

Patricia Murphy

Excellent. Tien-tsin, thanks. Mark, can they go to the next question, please?

Operator

Next question is from John Roy from UBS.

John Roy

Thanks so much. Jim, I know obviously the mainframe has done very well. Is there any chance you continue to see slower moderation as you go through or is, are they back to the regular mainframe cycles? Thank you.

Jim Kavanaugh

Thank you, John. I appreciate it, a very good question. And to be honest with you, I haven’t talked enough about mainframe because they couldn’t be more pleased with how we’ve been able to leverage their high-value innovation technology, which really is instantiated, and I would argue one of the most enduring platforms that delivers tremendous value to their clients overall. But with that said, mainframe, they had a good quarter in mainframe. It is the 5th quarter we’ve wrapped, they grew 6% on a successful z14 launch. And again, I’ll remind you, that’s of a 62% growth last year. They had double-digit growth in MIPs, 20%. And by the way, as you get to the back half of the mainframe cycle, they drive margin expansion, and that happened here in the quarter. So, again, best program ever. Against the prior cycle, they are still well in excess of that prior cycle. And I would expect us to continue to be well in excess of that prior cycle here in the fourth quarter. Although, I’ll caution you in a GA [ph] plus 5 or 6 quarter in, they typically do not grow. And again, we’re coming off of 71% growth last year on a strong launch. But, they are very pleased with the platform, the pervasive encryption, value proposition is really resonating. Now, as they get into the back half of the cycle, they drive margin expansion and now they start seeing the rest of the platform stack play out with regards to their maintenance base, their IGF base, their software base that’s on top of it.

Patricia Murphy

Thank you, John. Can they go to the next question, please?

Operator

Next question is from David Grossman from Stifel Financials.

David Grossman

Thank you. Jim, you touched on this briefly in one or two of the questions. But, is there anything you can share beyond the quarterly data points that will help us better understand the growth trajectory of the Cognitive segment going forward? I think, I understand the issues, but they seem somewhat open ended, and really having a hard time changing how to model growth of that segment going forward?

Jim Kavanaugh

Okay. David, thank you for the question. Cognitive, so, from a net perspective, then, I’ll expand. They were impacted by enterprise client buying cycles, as I said in prepared remarks. And also challenges that we’ve talked about last quarter around their horizontal apps, in particular, talent collaboration and marketing and commerce where we’re seeing in some green shoots but again, time to value in that as you shift to SaaS, all you know quite well will play out as they get into 2019.

But, let’s take a moment and really unpack this segment. To your point and part of this, I think is on us. But, there are many different pieces of this segment. So, they have a strong portfolio of high-value areas around domains like security, analytics, blockchain. We’ve got industry verticals like healthcare, their FSS portfolio, and IoT. We’ve got horizontal apps, as I talked about, like talent, collaboration and marketing in commerce. And then they have transaction processing software. So, let me unpack this. But, I’ll remind you, this segment’s high-value, high-margin. And they continue to expand even in third quarter and third quarter year-to-date, we’re expanding their pre-tax margins overall. But let me give you the different dynamics and how they’re playing out, I’ll do it kind of headwind, tailwind.

First in terms of headwind, as you could see through the prepared remarks, they were impacted by TPS and by their horizontal apps. So, let’s talk TPS.

TPS, high value business. Strategically important to their clients. By the way, it encompasses mission-critical systems that run many industries like banking, like airlines, like retail, and there is seasonality to this business. And what you saw play out in third quarter was tied to enterprise client buying cycles that really reflect the time of when they commit to choose to go to the platform. And what they see right now, when you look at the last couple years by the way, a 2-year CGR [ph] kind of within their long-term model expectations. They had a strong growth last year, down 8% this quarter, but when they look at their fourth quarter, they actually see a very strong pipeline because we’re in the sweet spot of what that client buying cycle is here in the fourth quarter. And with that, they expect growth in this part of the portfolio here in the fourth quarter, and that will lead to much better software performance overall.

Around their horizontal apps, again, they talked 90 days ago. What did they say? They were going to strategically invest and they were going to take action, action around revitalizing their portfolio to be more digitally consumable, around investing, around high-value embedding AI and Watson to differentiate, and around actions they were going to take around portfolio simplification, and repositioning their platforms for further innovation. And we’ve made progress, I’ll tell you, in collaboration, as I said in the prepared remarks. We’ve had their biggest release ever of Notes/Domino Version 10 focused on mobile, supporting JavaScript, Node.js more open than ever, integrated with other platforms like Salesforce, ServiceNow, Watson, Weather, and they expect that to play out as they get into ‘19 with that innovative technology. And in commerce and talent, we’ve been making innovation and investments on embedding AI so they can differentiate their value proposition in the marketplace to win. And I would tell you early signs -- they got some green shoots. Their SaaS signings are growing, and in particular in commerce and in talent, collectively they are growing significant double-digit in the third quarter. So, there’s some good green shoots starting out, but again, that will play out as they get later into 2019 and they can ramp and scale.

And then, finally, I’ll wrap up on their high-value industry verticals and domain areas. They had good growth in security. They have a differentiated value proposition. We’re gaining market share. We’re the industry leader. They expect that to continue. And in health, they had strong growth in health, pervasive across the platforms and we’re scaling. We’re scaling new emerging areas like blockchain, where again, we’ve got 75 active blockchain networks in production, and we’ve got engagements in over 500 clients around global trade, universal payments, around trade finance, around food safety, et cetera. So, they see that part of the portfolio continue to improve. So, when you bring it all together, they expect with a strong pipeline that they would return IBM software back to an expectation of modest growth in the fourth quarter. And we’ll see as they get through fourth quarter, how that momentum will continue in ‘19, and we’ll talk in January.

Patricia Murphy

Thanks, David. Let’s go to the next question, please.

Operator

Next question is from Keith Bachman from BMO.

Keith Bachman

Hi. Thank you so much for taking my question. I wanted to ask about Technology Services and Cloud Platforms. A little less focused on Q4 but more focused on the outlook say for CY ‘19. And the simple question is, can it grow? The backdrop to the question is, your backlog is down a little bit, but I think your duration is also down. But, against that context, is Technology Services support declined meaningfully this quarter down 3%? With presumably being a harder mainframe cycle next year, can that grow and enable the whole business unit to grow? So, if you could just talk more broadly about the outlook for Technology Services and Cloud Platforms, with particular bias to CY ‘19? Thank you.

Jim Kavanaugh

Sure. Thank you very much for the question. I appreciate it. Remember, within this segment, they got multiple components. And I think you want to get to the services aspect of Technology Services and Cloud Platform. But, let me start first with the integration software, which is essential part of their integrated value proposition around their hybrid cloud strategy, which differentiates us in the marketplace. You’ve seen consistent growth over the last couple quarters. And they think given that differentiated value proposition that we’ve got momentum in that space, and we’ve always focused on being open, a secure platform in driving differentiation around multi cloud as they move forward. That integration software is going to be a critical component of that moving forward. So that’s that.

Now, let’s go to their Technology Services or GTS part of the business. Remember, that’s made up of two primary offering segments, one TSS, which has been a drag on us throughout 2018, and that is entirely aligned to what their expectations would have been with a mainframe product launch cycle. Typically, we’ll see that cycle hurt us in the first 5 to 6 quarters and then it comes back and accelerate, especially coupled with their extension into multi-vendor service where we’ve been quite well as they move forward. And the margin dynamics by the way are very strong in that portfolio. So, as they start accelerating growth, we’ll see better operating leverage in that segment as they go forward.

And then finally, you have your core infrastructure service offering, and that ties right back to their overall outsourcing backlog that you quoted and it ties back to their success in moving their enterprise clients to the cloud. And I talked earlier about over 30% of their backlog now sits in cloud in new SI content is approaching 45% overall. Durations, you’re right, have been reduced as they continue to execute. And again, fourth quarter is huge. They expect a good quarter, and that will position 2019 as they execute to deliver the value for their clients.

Patricia Murphy

Okay. Thank you, Keith. Mark, let’s take just one more question.

Operator

Our last question is coming from Joseph Foresi from Cantor Fitzgerald.

Joseph Foresi

Hi. I think you’ve given a mid-single-digit long-term growth target in Cognitive Solutions. Is that still a target and can you hit it in ‘19? And then, how do you feel about the portfolio at this point? Could you be divesting other pieces? Thanks.

Jim Kavanaugh

Yes. Thanks, Joe. I appreciate the question overall. Obviously, we’ll get into 2019 in January. They got a lot of work to do ahead of us. Again, as I said, we’re 16 days into arguably the most important quarter, given the amount of large transactional business that we’ve got to get done. I talked about my answer on Cognitive. They see a good opportunity pipeline ahead of us right now. They believe in the portfolio, the strength of it, the offerings they have to deliver differentiated value to their enterprise clients overall. And they expect, as I stated, IBM software to return to modest growth here in the fourth quarter.

And as they play fourth quarter out, we’ll see, as they get into January where they move forward. You’re right, their model is mid-single-digit growth. They believe we’ve got the right portfolio for that. But, as always, portfolio optimization has been a critical strategy to their overall business model and their financial model. And you’ve seen that play out over time not only on where they invest their capital organically, but where they leverage M&A and how they create value for their clients and for IBM shareholders and also where they divest in areas that either didn’t meet their strategic fit or their financial requirements on where they see growth and more importantly profit pools move forward. So we’ll continue to evaluate that, and we’ll update you in 2019 on where we’re at.

So, with that, let me close up the call. And I like to thank all of you for joining us here today. So, their results through the third quarter reflect the work we’ve been doing collectively across 366,000 IBMers around the world, around how they reallocated capital, how we’ve taken bold actions around where they placed their investments, and how we’ve repositioned their business. And then we’ve done all the work on how they transform the way they operate in their operating model overall. And you see that play out in their margins, in their level of operating leverage and productivity here in the third quarter, which they expect going into fourth quarter and beyond. You see those results, profit margins are strong. You see it in the innovation and differentiation that we’ll bring into the market, especially in areas like hybrid cloud, how we’re winning in digital with their GBS business and around data and AI and security.

So with that said, we’ll talk more about hybrid cloud in particular at the end of this month, when Arvind and Martin Jetter will host the next webcast in their investor webcast series. So, I’d like to thank you all for joining us today. And as always, it’s back to work for all of us. Take care.

Operator

Thank you for participating on today’s call. The conference is now ended. You may disconnect at this time.

SeekingAlpha

IBM Rolls Out Blockchain Platform Starter Plan and Blockchain Consulting Services | killexams.com real questions and Pass4sure dumps

Apr 4, 2018

Joyce Wells

IBM has launched three new consulting services offerings, as well as an IBM Blockchain Platform Starter Plan, a low-cost plan to help clients, developers, and startups to quickly develop, operate, and govern networks on the IBM Blockchain Platform. The offerings were announced in two IBM blog posts.

Based on its experience from projects spanning industries, including retail, banking and financial services, transportation, government, healthcare, media, supply chain and logistics, IBM Blockchain Services has developed methodologies and practice models to support a variety of organizations at different phases of the blockchain adoption journey, according to Jason Kelley, GM, Blockchain Services - Global Business Services, IBM.

Expertise includes establishment of a blockchain network, evolving to a multi-institution production network, and extending an established network to additional members and adding new applications.

The new IBM consulting services are aimed at providing guidance and technologies to further the adoption of blockchain.

Citing data from Gartner, Kelley noted that the business value of the distributed ledger technology is expected to grow to $176 billion by 2025 and to $3 trillion by 2030 by improving business efficiency.

The three services are: 

Blockchain Starter Services to help organizations get a grip on the key challenges and prioritize appropriate business use case for blockchain.

Blockchain Acceleration Services  which are aimed at commercializing networks and producing  tangible business outcomes by providing the governance and commercial models, systems integration, and process re-engineering to help industries deal with  business challenges.

Blockchain Innovation Services to provide the consulting and technical know-how to create new applications and business models on top of established networks, and also  to combine other advanced technologies such as AI, automation, IoT and cloud to further blockchain’s role in additional use cases and ecosystems.

IBM has also launched a new IBM Blockchain Platform Starter Plan, currently available in beta, according to Kathryn Harrison, director, Global Offering Management, IBM.

To help fuel adoption of the IBM Blockchain Platform, the new Starter Plan, provides access to development tools, tutorials, and a development environment to help users define their business network using The Linux Foundation’s Hyperledger Composer. The Starter Plan aims to help developers to learn, build, and try out their blockchain network in an environment designed for development and testing. When ready to go into production, they can get the level of infrastructure and security your business requires by migrating to an Enterprise Plan. 

The IBM Blockchain Platform Starter Plan beta offering is now available only in the US-South and will be more widely available on release.

For more information, go here.



Direct Download of over 5500 Certification Exams

3COM [8 Certification Exam(s) ]
AccessData [1 Certification Exam(s) ]
ACFE [1 Certification Exam(s) ]
ACI [3 Certification Exam(s) ]
Acme-Packet [1 Certification Exam(s) ]
ACSM [4 Certification Exam(s) ]
ACT [1 Certification Exam(s) ]
Admission-Tests [13 Certification Exam(s) ]
ADOBE [93 Certification Exam(s) ]
AFP [1 Certification Exam(s) ]
AICPA [2 Certification Exam(s) ]
AIIM [1 Certification Exam(s) ]
Alcatel-Lucent [13 Certification Exam(s) ]
Alfresco [1 Certification Exam(s) ]
Altiris [3 Certification Exam(s) ]
Amazon [2 Certification Exam(s) ]
American-College [2 Certification Exam(s) ]
Android [4 Certification Exam(s) ]
APA [1 Certification Exam(s) ]
APC [2 Certification Exam(s) ]
APICS [2 Certification Exam(s) ]
Apple [69 Certification Exam(s) ]
AppSense [1 Certification Exam(s) ]
APTUSC [1 Certification Exam(s) ]
Arizona-Education [1 Certification Exam(s) ]
ARM [1 Certification Exam(s) ]
Aruba [6 Certification Exam(s) ]
ASIS [2 Certification Exam(s) ]
ASQ [3 Certification Exam(s) ]
ASTQB [8 Certification Exam(s) ]
Autodesk [2 Certification Exam(s) ]
Avaya [96 Certification Exam(s) ]
AXELOS [1 Certification Exam(s) ]
Axis [1 Certification Exam(s) ]
Banking [1 Certification Exam(s) ]
BEA [5 Certification Exam(s) ]
BICSI [2 Certification Exam(s) ]
BlackBerry [17 Certification Exam(s) ]
BlueCoat [2 Certification Exam(s) ]
Brocade [4 Certification Exam(s) ]
Business-Objects [11 Certification Exam(s) ]
Business-Tests [4 Certification Exam(s) ]
CA-Technologies [21 Certification Exam(s) ]
Certification-Board [10 Certification Exam(s) ]
Certiport [3 Certification Exam(s) ]
CheckPoint [41 Certification Exam(s) ]
CIDQ [1 Certification Exam(s) ]
CIPS [4 Certification Exam(s) ]
Cisco [318 Certification Exam(s) ]
Citrix [47 Certification Exam(s) ]
CIW [18 Certification Exam(s) ]
Cloudera [10 Certification Exam(s) ]
Cognos [19 Certification Exam(s) ]
College-Board [2 Certification Exam(s) ]
CompTIA [76 Certification Exam(s) ]
ComputerAssociates [6 Certification Exam(s) ]
Consultant [2 Certification Exam(s) ]
Counselor [4 Certification Exam(s) ]
CPP-Institue [2 Certification Exam(s) ]
CPP-Institute [1 Certification Exam(s) ]
CSP [1 Certification Exam(s) ]
CWNA [1 Certification Exam(s) ]
CWNP [13 Certification Exam(s) ]
Dassault [2 Certification Exam(s) ]
DELL [9 Certification Exam(s) ]
DMI [1 Certification Exam(s) ]
DRI [1 Certification Exam(s) ]
ECCouncil [21 Certification Exam(s) ]
ECDL [1 Certification Exam(s) ]
EMC [129 Certification Exam(s) ]
Enterasys [13 Certification Exam(s) ]
Ericsson [5 Certification Exam(s) ]
ESPA [1 Certification Exam(s) ]
Esri [2 Certification Exam(s) ]
ExamExpress [15 Certification Exam(s) ]
Exin [40 Certification Exam(s) ]
ExtremeNetworks [3 Certification Exam(s) ]
F5-Networks [20 Certification Exam(s) ]
FCTC [2 Certification Exam(s) ]
Filemaker [9 Certification Exam(s) ]
Financial [36 Certification Exam(s) ]
Food [4 Certification Exam(s) ]
Fortinet [12 Certification Exam(s) ]
Foundry [6 Certification Exam(s) ]
FSMTB [1 Certification Exam(s) ]
Fujitsu [2 Certification Exam(s) ]
GAQM [9 Certification Exam(s) ]
Genesys [4 Certification Exam(s) ]
GIAC [15 Certification Exam(s) ]
Google [4 Certification Exam(s) ]
GuidanceSoftware [2 Certification Exam(s) ]
H3C [1 Certification Exam(s) ]
HDI [9 Certification Exam(s) ]
Healthcare [3 Certification Exam(s) ]
HIPAA [2 Certification Exam(s) ]
Hitachi [30 Certification Exam(s) ]
Hortonworks [4 Certification Exam(s) ]
Hospitality [2 Certification Exam(s) ]
HP [746 Certification Exam(s) ]
HR [4 Certification Exam(s) ]
HRCI [1 Certification Exam(s) ]
Huawei [21 Certification Exam(s) ]
Hyperion [10 Certification Exam(s) ]
IAAP [1 Certification Exam(s) ]
IAHCSMM [1 Certification Exam(s) ]
IBM [1530 Certification Exam(s) ]
IBQH [1 Certification Exam(s) ]
ICAI [1 Certification Exam(s) ]
ICDL [6 Certification Exam(s) ]
IEEE [1 Certification Exam(s) ]
IELTS [1 Certification Exam(s) ]
IFPUG [1 Certification Exam(s) ]
IIA [3 Certification Exam(s) ]
IIBA [2 Certification Exam(s) ]
IISFA [1 Certification Exam(s) ]
Intel [2 Certification Exam(s) ]
IQN [1 Certification Exam(s) ]
IRS [1 Certification Exam(s) ]
ISA [1 Certification Exam(s) ]
ISACA [4 Certification Exam(s) ]
ISC2 [6 Certification Exam(s) ]
ISEB [24 Certification Exam(s) ]
Isilon [4 Certification Exam(s) ]
ISM [6 Certification Exam(s) ]
iSQI [7 Certification Exam(s) ]
ITEC [1 Certification Exam(s) ]
Juniper [63 Certification Exam(s) ]
LEED [1 Certification Exam(s) ]
Legato [5 Certification Exam(s) ]
Liferay [1 Certification Exam(s) ]
Logical-Operations [1 Certification Exam(s) ]
Lotus [66 Certification Exam(s) ]
LPI [24 Certification Exam(s) ]
LSI [3 Certification Exam(s) ]
Magento [3 Certification Exam(s) ]
Maintenance [2 Certification Exam(s) ]
McAfee [8 Certification Exam(s) ]
McData [3 Certification Exam(s) ]
Medical [69 Certification Exam(s) ]
Microsoft [368 Certification Exam(s) ]
Mile2 [2 Certification Exam(s) ]
Military [1 Certification Exam(s) ]
Misc [1 Certification Exam(s) ]
Motorola [7 Certification Exam(s) ]
mySQL [4 Certification Exam(s) ]
NBSTSA [1 Certification Exam(s) ]
NCEES [2 Certification Exam(s) ]
NCIDQ [1 Certification Exam(s) ]
NCLEX [2 Certification Exam(s) ]
Network-General [12 Certification Exam(s) ]
NetworkAppliance [36 Certification Exam(s) ]
NI [1 Certification Exam(s) ]
NIELIT [1 Certification Exam(s) ]
Nokia [6 Certification Exam(s) ]
Nortel [130 Certification Exam(s) ]
Novell [37 Certification Exam(s) ]
OMG [10 Certification Exam(s) ]
Oracle [269 Certification Exam(s) ]
P&C [2 Certification Exam(s) ]
Palo-Alto [4 Certification Exam(s) ]
PARCC [1 Certification Exam(s) ]
PayPal [1 Certification Exam(s) ]
Pegasystems [11 Certification Exam(s) ]
PEOPLECERT [4 Certification Exam(s) ]
PMI [15 Certification Exam(s) ]
Polycom [2 Certification Exam(s) ]
PostgreSQL-CE [1 Certification Exam(s) ]
Prince2 [6 Certification Exam(s) ]
PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [10 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [4 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
SUN [63 Certification Exam(s) ]
SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [134 Certification Exam(s) ]
Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trainers [3 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [33 Certification Exam(s) ]
Vmware [58 Certification Exam(s) ]
Wonderlic [2 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]





References :


Dropmark : http://killexams.dropmark.com/367904/11970513
Dropmark-Text : http://killexams.dropmark.com/367904/12907971
Blogspot : http://killexamsbraindump.blogspot.com/2017/12/ibm-000-270-dumps-and-practice-tests.html
Wordpress : https://wp.me/p7SJ6L-2oz
Box.net : https://app.box.com/s/5ysdrgiqxly70quypkj9fhyrv51dirj7






Back to Main Page





Killexams exams | Killexams certification | Pass4Sure questions and answers | Pass4sure | pass-guaratee | best test preparation | best training guides | examcollection | killexams | killexams review | killexams legit | kill example | kill example journalism | kill exams reviews | kill exam ripoff report | review | review quizlet | review login | review archives | review sheet | legitimate | legit | legitimacy | legitimation | legit check | legitimate program | legitimize | legitimate business | legitimate definition | legit site | legit online banking | legit website | legitimacy definition | pass 4 sure | pass for sure | p4s | pass4sure certification | pass4sure exam | IT certification | IT Exam | certification material provider | pass4sure login | pass4sure exams | pass4sure reviews | pass4sure aws | pass4sure security | pass4sure cisco | pass4sure coupon | pass4sure dumps | pass4sure cissp | pass4sure braindumps | pass4sure test | pass4sure torrent | pass4sure download | pass4surekey | pass4sure cap | pass4sure free | examsoft | examsoft login | exams | exams free | examsolutions | exams4pilots | examsoft download | exams questions | examslocal | exams practice |

www.pass4surez.com | www.killcerts.com | www.search4exams.com | http://smresidences.com.ph/