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000-001 Fundamentals of Applying Maximo Enterprise Asset Management Solutions V2

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000-001 exam Dumps Source : Fundamentals of Applying Maximo Enterprise Asset Management Solutions V2

Test Code : 000-001
Test denomination : Fundamentals of Applying Maximo Enterprise Asset Management Solutions V2
Vendor denomination : IBM
exam questions : 123 actual Questions

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IBM Fundamentals of Applying Maximo

IBM Watson declares Partnerships To help worker safety via Watson IoT | actual Questions and Pass4sure dumps

nowadays, IBM Watson is announcing essential collaborations with a few industry partners to help worker defense in hazardous environments. the brand current offerings leverage information superhighway of things (IoT) technology at the side of IBM’s present Maximo industry asset management platform.

The enterprise is working with Garmin health, Guardhat, Mitsufuji and SmartCone to employ superior records assortment and synthetic intelligence (AI) applied sciences to pressure gigantic advances in monitoring and assessing the security and health of employees in hazardous environment. “It’s in the context of an vital heart of attention enviornment for us, to enlarge worker safety using IoT facts and AI,” pointed out Kareem Yusuf, PhD, universal supervisor of IBM Watson IoT.

prior to now, the enterprise’s heart of attention with Maximo has been on administration of actual assets. “we've an extended historical past in device renovation and reliability administration,” Yusuf noted. “It’s been around three asset courses – industrial device, buildings and facilities, and automobiles. The focus to this point turned into to power protection and drudgery methods round them, for improvements relish predictive maintenance.”

With the current partnerships, the selfsame variety of focus will target the well-being of laborers. The Maximo employee Insights platform will receive data from the workspace and from the employees themselves to video pomp such potential dangers as warmth, peak, temperature, and gasoline degrees, and to verify whether laborers are uncovered to risks or risks. “It makes it viable for their shoppers to define drudgery zones and installation indicators,” said Yusuf. “they can monitor what concerns and link back to their Maximo tool.”

With Garmin, an established leader in wearable know-how, the partnership makes it viable for customers to accumulate “close-time” sensor statistics (gathered and assessed in mere seconds) from people equipped with Garmin activity trackers. With the Garmin health confederate SDK facts assortment appliance embedded inside the Maximo worker Insights platform, agencies can absorb instant indicators of health emergencies or “man-down” eventualities, and might additionally build ancient analytics in response to longer-term biometric records.

Garmin vivosmart 4Image courtesy Garmin

Guardhat, meanwhile, is integrating its sensible own defensive gadget (PPE) wearables with the IBM platform. Their KYRA IoT application gathers facts from their IoT instrumented tough hat, monitoring physical circumstances to become conscious of and forewarn of surrounding dangers, and likewise offers communique capabilities with real-time video and audio. The records and analytical combination gives for far off directional suggestions and geolocation, in addition to lively monitoring and warning of relocating expostulate risks.

Guardhat - this is no household hardhatImage courtesy Guardhat

within the third collaboration, IBM Watson will music IoT sensor statistics from the current wearable “shirt,” named hamon, these days launched by route of Mitsufuji. The hamon machine, made from conductive silver fibers, at once collects the wearer’s actual facts corresponding to coronary heart cost and temperature, while likewise monitoring surrounding environmental situations, together with clamor and fuel degrees and air temperature. The Maximo employee Insights platform can then dissect the information and deliver alerts and alarms for routine hobbies such as breaks and job rotations, or for emergency situations that may lead to harm or sickness.

hamon - the highly connective AGposs fiber collects biometric records from the wearerImage courtesy Mitsufuji

The SmartCone application is constructed round that enterprise’s IoT-equipped resilient network of vicinity sensors, which can breathe fastened or incorporated in to moveable traffic cone configurations. The sensors computer screen hazards within the marked zones, and accumulate visual statistics from cameras and other sensor data akin to temperature and noise. The company’s data assortment and manipulation algorithms integrates with Maximo worker Insights to give ongoing signals of environmental situations, in addition to alerts in the event of an accident or damage.

The SmartCone will likewise breathe dropped in lots of "skins" to include a common defense cone, then positioned at any residence you necessity it - its modular gadget enables for a mess of sensors (360 camera, LED lighting fixtures and LIDAR pictured above)picture by route of note Holleron

The groups absorb foreseen the obtrusive issues with the technologies, those involving worker privateness and dignity. “here's in fact an attitude we’ve regarded, and we’ve been working intently with their companions to remark what’s appropriate of mind,” stated Yusuf. “And it’s now not just the shoppers and workers themselves, however other key stakeholders, such as the union viewpoint. What we’ve found is that in the event you hold the focus on safeguard and fitness, the prefatory insight is that the merits outweigh the considerations. And should you maintain very limpid traces about who owns the data, and drudgery collectively transparently, it’s now not a great problem.”

CEO Jason Lee shows simply how portable the SmartCone can bePhoto with the aid of note Holleron

IBM Watson sees greater such opportunities on the horizon. “Our future is greater of the equal,” Yusuf said. “With IoT and AI, they can pressure advanced insights tied to operating approaches. they will champion reduce energy consumption, optimize building occupancy – that’s the kind of drudgery we’re focused on, bringing price in the here and now. And with these current purposes, they can assist americans role extra safely.”

Automation is commonly criticized for its talents to dispose of jobs, nevertheless it’s likewise been shown to help worker protection by route of taking laborers out of harm’s means. these days’s announcement offers additional improvements in that regard; with on-the-job monitoring of potential risks to health and smartly-being, they’re one other avenue towards reducing the thousands and thousands of on-the-job accidents employees undergo each and every 12 months. As a secondary advantage, they could enrich organizations’ bottom traces, as those accidents cost tens of billions of dollars annually as neatly.

Yusuf sees a ultimate advantage, in highlighting what IoT advances can offer. “here's an illustration of precise AI at work,” he talked about. “I feel there’s a lot of chatter about AI and its exercise and usability. We’re going to continue to drudgery on ways to link it to tactics, and to allow people to breathe more advantageous, efficient and suggested.”

IBM steps up efforts to assist miners help health and security records | actual Questions and Pass4sure dumps

IBM steps up efforts to champion
 miners help health and safety records

IBM steps up efforts to champion
 miners help health and safety records

In 2010, a mine in northern Chile collapsed, trapping 33 workers underground for more than two months. IBM is working to supply AI solutions that can enrich response to mine mess ups. (photograph: Miner Alex Vega. Hugo Infante, Chilean Gov’t by route of Wikipedia.)

an terrible lot has been said recently about how IBM’s cognitive exploration and content material analysis platform, known as Watson, is helping major miners, such as Goldcorp and Newcrest, in a brace of methods, from mine planning and operational performance optimization to sharpening takeover suggestions.

A much less touted, however equally advantageous expertise of this and other synthetic intelligence (AI) applications is the position they're taking fragment in — or expected to play— within the health and safeguard locality of mining businesses.

For note Fawcett, a confederate with IBM international enterprise functions, the reply is clear. obtainable applied sciences, he tells, trudge beyond helping mining agencies prognosticate when their device goes to fail, they could additionally monitor biometric and environmental information to establish whether employees are supine to danger.

facts may likewise breathe gathered in proximate actual time from wearables, sapient gadgets, and environmental sensors to champion enterprises respond to problems or react to changing environmental circumstances.

The problem is that many corporations wouldn't absorb an automatic safeguard system in region, Fawcett says. frequently, they're paper-based or depend on systems the residence the statistics is unstructured. Even when there are techniques in area, they always fluctuate from mine to mine. sooner or later, security departments are left with an incomplete view of incidents across their organization.

“AI has the potential to rapidly devour the records inspite of source and easily deliver insights on the suitable considerations, major tendencies which are taking place, and share insights on records that may had been overlooked. furthermore, historic statistics can likewise breathe consumed to mode historically over time,” Fawcett notes.

IBM believes that within the “very close” future, AI will deliver a complete evaluation on working conditions earlier than an worker even takes a piece order.

Fawcett believes that within the “very near” future, AI will supply a complete analysis on working conditions earlier than an employee even takes a drudgery order. this will include a complete summary on the residence the project is going to breathe carried out spatially, forecasted climate statistics and significant safety notices for the worker in that specific vicinity.

“The freeze-thaw cycle is a gauge instance of the residence they can apply spatial analytics to safeguard. When an worker receives a drudgery order where the floor can breathe frozen, that drudgery order could breathe accompanied by the principal security notices and different movements which absorb came about giving the worker a vital image of the work, the forecast and potential possibility,” he says.

“the usage of this facts, they can steer limpid of lots of falls that might absorb in any other case took residence with out that observe, finally resulting in smarter and safer working situations.”

That’s why IBM is constructing what it calls “Watson secure”, at present in its second aspect and is anticipated to breathe able on a platform scale in the 2nd half of the year.

Wearable defense

IBM is additionally working on extending the achieve of the so-known as internet of things (IoT), a system of interrelated computing devices, mechanical and digital machines, objects, individuals and even animals embedded with sensors, application, electronics and connectivity. These allow the device to execute superior by replacing counsel with different connected gadgets without requiring human-to-human or human-to-desktop interaction.

IBM steps up efforts to champion
 miners help health and safety records

IBM steps up efforts to champion
 miners help health and safety records

picture: Shutterstock.

The industry has recently joined wearable know-how developer Garmin to tender groups who set up IBM’s Maximo worker Insights platform to derive hold of signals based on near actual-time sensor records from laborers donning Garmin pastime trackers.

by using embedding the Garmin fitness accomplice SDK in the IBM Maximo employee Insights platform, supervisors and defense officers can acquire notifications for top heart expense and man-down eventualities, as well as overview historical analytics based on the biometric alerts from Garmin wearables.

The IT massive is additionally partnering with Guardhat, Mitsufuji and SmartCone to aid video pomp employee security in hazardous environments.

Guardhat's KYRA IoT platform can complement the IBM worker Insights solution to deliver situational attention to employees and enterprise operations through the exercise of sapient PPE wearables.

Mitsufuji, in flip, has launched a brand current wearable “shirt” made from silver conductive fibres that tracks information from workers' biometrics to aid originate sure security in ascetic environments.

SmartCone, a issuer of wise, IoT-primarily based safeguard and monitoring options for securing susceptible and hazardous zones, may breathe integrating Maximo employee Insights into its enormously transportable gadget to computer screen worker safety within the utilities business, group traffic, development, mining and industrial environments with relocating or unhealthy no-go zones.

Response to mine failures

IBM envisions AI being used additionally to enrich response to mine failures. When something relish the contemporary deadly dam catastrophe within the Brazilian town of Brumadinho occurs, eachandevery and sundry from countrywide govt leaders and the armed forces to the small-town mayor and scores of volunteers near together to respond to the adventure. eachandevery those individuals, at every stage, deserve to speak, share assistance and coordinate their activities so that they’re doing things successfully and not duplicating their efforts.

time and again, that doesn’t ensue with ease as a result of americans can’t ascertain or share the advice they need, once they necessity it.

IBM is already supporting Lightship, a company that offers an ingenious fields operations device to assist businesses navigate their records to find the vital suggestions to champion them originate greater, safer choices. It pulls collectively eachandevery of an organization’s counsel, similar to Geographic counsel system (GIS) mapping, drone photos, satellite tv for pc photos and the precise-time places of people and cars.

Guardhat Advances employee protection via Collaboration with IBM Watson cyber web of issues | actual Questions and Pass4sure dumps

DETROIT, Feb. 13, 2019 /PRNewswire/ -- Detroit-based mostly Guardhat, an industrial safety technology industry really excellent in developing wearables, infrastructure and utility systems to deliver a safer and more productive drudgery atmosphere, today introduced a collaboration with IBM Watson web of issues (IoT). Working together, Guardhat will combine its KYRA IoT platform with the IBM Maximo employee Insights solution to provide near actual-time situational awareness using sensible very own insurance policy device (PPE).



"The implementation of sensible protective device permits us to more suitable dissect residence of drudgery statistics and supply faultfinding defense insights in proximate precise-time," observed Saikat Dey, Guardhat Co-Founder and CEO. "by participating with IBM, they are able to leverage Maximo worker Insights to carry sapient safeguard to scale within the building, manufacturing and refining industries."

via adapting IoT expertise with natural defense machine Guardhat is actively working to modernize worker safeguard. The software of such applied sciences enables industrial leaders to recognize and reply to capabilities risks in near precise-time, resulting in a discount of accidents and accidents in the residence of work.

The IBM Watson IoT platform is designed to assist consumers help the operational efficiency of their physical assets and tackle expertise risk through AI-pushed insights. Its leading industry answer, Maximo worker Insights, displays biometric and environmental facts in proximate precise-time from wearables and different related instruments to champion employers establish edge risks within the residence of work.

Guardhat's proprietary utility actively monitors a user's place, pulse, cadaver temperature and drudgery atmosphere. This provides a holistic view of each person's drudgery environment and immediate alerts within the adventure of a fall, exposure to toxic gases, lockout zones and proximity to relocating device.

Guardhat estimates that there are 13 million industrial people within the US, resulting in 4,000 deaths and three million injuries, annually. by leveraging advanced security know-how, Guardhat is able to deliver companies with necessary information which they can exercise to enhance protection management and in the reduction of residence of drudgery injuries by using up to 20 p.c.

For extra counsel, talk over with:

About Guardhat

Detroit-primarily based Guardhat is a number one industrial IoT expertise industry really excellent in constructing wearables, infrastructure and application systems to deliver a safer and extra productive drudgery atmosphere for frontline industrial worker's in cumbersome manufacturing industries. founded in October 2014 through industry veterans and former steel & mining CEO Saikat Dey, Guardhat's mission is to modernize defense and raise ultimate mile connectivity in the industrial workplace. by combining a slicing-facet, wearable technology with superior proprietary software, Guardhat is in a position to proactively monitor a person's place, fitness and drudgery environment. The software platform collects and analyzes on-the-job statistics which is used to enhance industrial employee defense and productiveness classes. based mostly out of its headquarters in Detroit, Michigan, Guardhat operates globally with offices in Boulder, Colorado; Chicago, Illinois; Bangalore, India; and Paris, France. Guardhat holds eight patents throughout areas of linked worker, accurate Time location systems and Wearable solutions. For more suggestions, consult with:

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International industry Machines' (IBM) Management on Q4 2018 Results - Earnings convene Transcript | actual questions and Pass4sure dumps

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IBM (IBM) Q4 2018 Earnings Conference convene Transcript | actual questions and Pass4sure dumps

Image source: The Motley Fool.

IBM (NYSE: IBM)Q4 2018 Earnings Conference CallJan. 22, 2019 5:00 p.m. ET

 Welcome, and thank you for standing by. [Operator instructions] Today's conference is being recorded. If you absorb any objections, you may disconnect at this time. Now I will swirl the meeting over to Ms.

Patricia Murphy with IBM. Ma'am, you may begin.

Thank you. This is Patricia Murphy, vice president of investor relations for IBM, and I'd relish to welcome you to their fourth-quarter earnings presentation. I'm here today with Jim Kavanaugh, IBM's senior vice president and chief pecuniary officer.The prepared remarks will breathe available within a brace of hours and a replay of the webcast will breathe posted by this time tomorrow.I'll remind you that inescapable comments made in this presentation may breathe characterized as forward looking under the Private Securities Litigation Reform Act of 1995. Those statements involve a number of factors that could intuition actual results to disagree 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. Their presentation likewise includes inescapable non-GAAP pecuniary measures in an application to provide additional information to investors. eachandevery non-GAAP measures absorb been reconciled to the related GAAP measures in accordance with SEC rules.

You'll find reconciliation charts at the discontinue of the presentation and in the figure 8-K submitted to the SEC.So with that, I'll swirl the convene over to Jim.

Thanks, Patricia, and thanks to eachandevery of you for joining us. The fourth quarter capped off a year, where they grew revenue, operating pre-tax income and operating earnings per share. They stabilized their margin as they moved through the year and they expanded grievous and pre-tax margin in the fourth quarter. They continued to invest and recall actions to shift their industry toward higher-value areas relish hybrid cloud and AI, including the announcement of their acquisition of Red Hat.

And they again generated solid free cash flow, which enables this continued investment and shareholder returns. In the fourth quarter, they delivered $21.8 billion of revenue, which was down 1% at constant currency, though down 3% with the impact of currency translation. As always, I'll focus on constant-currency results. Their operating pre-tax income was $5 billion and they had $4.87 of operating earnings per share.

We had stout performance in software and in services, they had revenue growth and grievous margin expansion. This was offset by the expected impact of their IBM Z product cycle dynamics. Their total software revenue was up 2%. They entered the quarter with a excellent pipeline of software opportunities and they executed well, driven by hybrid cloud adoption and stout claim for analytics and AI offerings.

Total services revenue was up 2%. They had uniform improvement in Global industry Services throughout the year, with 6% growth in the fourth quarter and revenue growth and gross-margin expansion across eachandevery three of their GBS industry lines. Global Technology Services had a modest revenue decline, with solid grievous margin expansion. They had a worthy signings quarter, reflecting stout claim for hybrid cloud implementations and their value prop to deliver productivity.Our hardware revenue was down.

You'll recall in 2017, they had a terrific fourth quarter in IBM Z and so their decline reflects a wrap on that performance. This continues to breathe a very successful Z program and remains ahead of their prior cycle. Once again, they had stout growth in Power, with POWER9 now introduced throughout their portfolio. As you know, they provide technology and industry expertise to champion elope their clients' most vital processes, which puts us in a unique position to champion them transform their businesses.

As they exit 2018, we're continuing to remark a few themes across their engagements. First, their clients continue to spy to swirl data into competitive edge by applying analytics and AI with an industry lens. Second, clients are increasingly looking to cloud to drive industry value. As they trudge more mission-critical workloads to the cloud, they necessity to securely trudge data and workloads across multiple cloud environments, and that requires a hybrid and open-cloud strategy.

And third, clients are focused on productivity and predictability on their spend. Now IT has always been about driving both technology innovation and productivity, with the equilibrium shifting over time. We're recently seeing increasing interest in productivity, as clients spy forward to the next brace of years. And so their results this quarter reflect their competence to deliver innovation and productivity.

You remark this in their stout results in analytics and AI, in their as-a-service cloud revenue and in stout signings in their services industry that deliver technology solutions and economic value, eachandevery through their integrated value proposition. That's why companies such as Vodafone and BNP Paribas are leveraging the IBM Cloud, where they benefit from their hybrid multi-cloud capabilities and access to the most advanced technologies. And it's why Bradesco Bank made a software, hardware and services multiyear commitment to the IBM Z platform to recall them to the next flat in AI and hybrid IT, with more predictability in their operating cost. Across their segments, their strategic imperatives revenue for the year was up 9% to about $40 billion.

Within that, their cloud revenue is over $19 billion, and they exited the year with an annual elope rate for cloud delivered as a service of over $12 billion, which is up 21% over eventual year. This is a solid groundwork of cloud and cognitive capabilities, and we're continuing to deliver innovation in these high-value areas.  For example, in the fourth quarter, they introduced AI OpenScale, a platform to manage the life cycle of eachandevery forms of AI models and Multicloud Manager, a service to deploy and manage complete applications in any cloud environment. We're adding innovative services relish the world's first commercial quantum computer available on the IBM Cloud. You may absorb seen that ExxonMobil is already using it to champion address its most complicated industry challenges such as energy exploration and chemicals manufacturing.

The number of current clients using IBM Cloud Private accelerated in the fourth quarter, and adoption is growing for their IBM Cloud Private for Data platform, which was named a leader in the first quarter 2019 Forrester Wave report on enterprise insight platforms. eachandevery of this is a validation of their hybrid open approach to cloud, and they absorb a stout foundation from which to drive synergies across the industry with the addition of Red Hat. Let me pause here to remind you of the value they remark from the combination of IBM and Red Hat, which is eachandevery about accelerating hybrid cloud adoption. The client response to the announcement has been overwhelmingly positive.

They understand the power of this acquisition and the combination of IBM and Red Hat capabilities in helping them trudge beyond their initial cloud drudgery to really shifting their industry applications to the cloud. They are concerned about the secure portability of data and workloads across cloud environments, about consistency in management and security protocols across clouds and in avoiding vendor lock-in. They understand how the combination of IBM and Red Hat will champion them address these issues. They remark the stout bookings Red Hat recently reported as further evidence of clients' aplomb in the value.

Remember, the quarter ended a month after the transaction was announced.From a value perspective, in addition to the growing Red Hat industry itself, they remark an opening to heave eachandevery of IBM, by selling more of their own IBM Cloud and by selling more of their analytics and AI capabilities on OpenShift across multiple platforms. As clients proceed on their journey to derive more industry value from the cloud, they necessity more services help, from the digital design to app modernization to aboriginal app development to management of hybrid cloud environments. You saw eventual week the results of Red Hat's shareholder vote, with very high participation and over 99% voting in support. They are moving through the regulatory process and continue to await to proximate in the second half of 2019.

We've had a decade-long partnership with Red Hat and extended it nearly a year ago around hybrid and multi-cloud. And now after the announcement in late October, they begun the internal enablement planning, so they can hit the ground running post-closing. So now, I'll trudge through the details of the fourth quarter, wrap up with the summary of the complete year and their view of 2019.As I said, their revenue in the quarter was $21.8 billion. This includes a currency impair to revenue of over $500 million, which is $150 million more than mid-October spot rates suggested, as the dollar has continued to strengthen.

Looking at their margin dynamics. They expanded both their grievous and pre-tax operating margins. Their grievous margin was up 10 basis points, with stout performance in the services businesses, together, up 190 basis points. This was mitigated by the expected mix headwind from the IBM Z cycle dynamics.

Our operating expense was better 5%. When currency impacts the top line, it generally helps expense due to both translation and the benefit of hedging contracts. And so with the strengthening of the dollar, currency helped their expense by nearly five points. Remember, the majority of their hedges are reflected in expense and these hedging gains mitigate the currency impacts throughout the P&L.

We've been focused on driving productivity in their business, implementing current ways of working, relish using agile methodologies and leveraging automation and infusing AI into their processes. This provides flexibility to drive innovation in areas relish hybrid cloud, AI, security and blockchain, while likewise delivering operating leverage.Within their expense decline, they likewise had a lower flat of IP income. At the beginning of the year, they said they expected IP income to breathe down year to year, and it has been tracking lower, down $165 million year to year in the fourth quarter and nearly $450 million for the complete year. Putting this expense performance together with their grievous margin expansion, pre-tax margin was up 50 basis points.

Looking at operating tax. At the beginning of 2018, they provided a achieve for their full-year tax rate of 16%, plus or minus two points and that was without discrete items. With their final geographic and product mix, the full-year rate, without discretes was about 15%, within the expected range. Including the discrete items in the first and third quarters, their full-year operating tax rate was 8%, which is a headwind year to year.

The resulting tax rate in the fourth quarter was 12%, which is up about six points year to year. Regarding their GAAP tax rate, you saw in their press release that their fourth-quarter rate likewise reflects a imbue for a GILTI tax election associated with the implementation of 2017 U.S. tax reform. This imbue impacts GAAP net income and GAAP earnings per share.

And so turning back to their operating results. Operating earnings per share of $4.87 was driven by solid operating leverage, offset by expected headwind from tax. Looking at their cash metrics. They generate $6.5 billion of free cash rush in the quarter, with $11.9 billion for the year, in line with their expectations.

Our realization of GAAP net income is 111% for the year, normalizing for the non-operating tax reform charge. This supports a high flat of investment and shareholder returns. So now let me trudge on to the segments. Cognitive Solutions revenue was up 2% with 3% growth in solutions software and 1% growth in transaction processing software.

We expanded pre-tax margin by nearly three points, delivering operating leverage on this revenue growth from both operational efficiencies and mix, while still investing at high levels. In the quarter, they continue to deliver innovation to their clients and scale their platforms and solutions, resulting in growth in their transactional revenue and SaaS signings. In transaction processing software, they capitalized on the stout pipeline of larger transactions they discussed entering the fourth quarter, driven by their clients' buying cycles. Their fourth-quarter performance reflects these clients' commitment to their platform for the longer term, given the value they provide in managing their mission-critical workloads and predictability in their spending.In solutions software, growth was led by analytics and AI offerings with several other high-value areas growing as well.

In their underlying analytics platform, they had broad-based growth across their Db2 portfolio, including analytics appliances and data science offerings. claim for their IBM Cloud Private for Data offering accelerated and now over 100 clients absorb adopted the platform. And that's since launching just over six months ago. current clients include the Korea Internet & Security Agency, which is developing an app on ICP for Data that leverages a variety of data sources and machine-learning models to find and thwart current cyber threats.

In addition, we're scaling their newest Watson services running on IBM Cloud Private for Data relish AI OpenScale.In security, they continue to absorb solid claim for their integrated security and services solutions, including stout growth in their security intelligence and orchestration offerings, QRadar and Resilient. Within their industry verticals, Watson Health had growth across payer, provider, imaging and government. And IoT once again had stout growth in their core offerings, Maximo and TRIRIGA, where they lead the market in asset management and facilities management. In the emerging blockchain area, they announced several current clients this quarter, including their drudgery with Smart Dubai on Middle East's first government-endorsed blockchain platform.

We introduced an on-prem offering in November, the IBM Blockchain Platform for IBM Cloud Private and signed several current deals this first month. They remark a stout pipeline as clients are interested in the benefits of blockchain behind their firewall. Now over the eventual few quarters, I called out offerings within their solutions software, which address horizontal domains, where they countenance secular shifts in the market, specifically collaboration, commerce and talent. We've been taking actions and eventual month, they announced the divestiture of their collaboration and on-prem marketing and commerce products to HCL.

After closing, which is currently expected to breathe midyear, this action will help their Cognitive Solutions' revenue performance, normalizing for the divested content and reflects their commitment to disciplined portfolio management. So now moving on to services. Before getting into the two segments, I want to provide a view of the total services business. As I said earlier, revenue was up 2% and grievous margin expanded 190 basis points.

Looking at their signings. On their eventual earnings call, they talked about the stout pipeline of deals they had going into the fourth quarter and they executed well, delivering signings of $15.8 billion, which is up 21% at constant currency. This results in a backlog, which is now $116 billion. Since it's measured at year-end spot rates, currency is obviously impacting the backlog.

But at constant currency, the backlog is down 60 basis points year to year, which is about a two-point improvement versus eventual quarter's performance. Customers are increasingly looking to leverage digital for growth and innovation, while at the selfsame time, increasing efficiencies and reducing costs within their businesses. IBM services can deliver this value by leveraging its breadth across GBS and GTS. A recent instance is at the Bank of the Philippine Islands, where we'll provide IT infrastructure services as well as digital undergo solutions to champion the bank's ongoing digital transformation, increasing their IT efficiency and scale and enabling them to seize opportunities in an increasingly digital pecuniary sector.

So now turning to Global industry Services. They again delivered solid performance, building on the momentum throughout the year. The GBS team has done a really nice job repositioning this industry and you could remark it in the results. Revenue grew 6%, with growth across eachandevery industry lines and grievous margin expanded 300 basis points.

Consulting revenue growth accelerated to 10%. This is validation of their success in bringing together technology and industry expertise to champion their clients on their digital journey. They had continued stout growth in Digital Strategy, fueled by their digital commerce and CRM offerings. They are likewise accelerating growth in next-generation enterprise applications, led by stout claim in their consulting and implementation services in areas relish S/4HANA, Salesforce and Workday.

In application management, they grew 4%. This quarter, they returned to growth, with stout performance in Cloud Migration Factory and cloud application development, mitigated by continued declines in traditional application management engagements as their clients trudge to the cloud. The 4% growth likewise reflects the achievement of significant milestones across a few accounts. We've been likewise improving their revenue profile in global process services.

Revenue grew 5% as they reinvent industry workflows by leveraging automation and infusing AI. And earlier this month, they announced the sale of their Seterus mortgage servicing business. The transaction is expected to proximate in the first quarter and will result in improving revenue and margin profile, normalizing for the divested content. So this action, relish the divestiture of select software assets, is about portfolio optimization.

We're focusing on higher value offerings that are vital to their integrated value proposition. Turning to GBS grievous profit. There are a number of drivers of their 300-basis-point expansion, including the operating leverage they derive on the revenue growth, their mix toward higher value offerings and capturing the price for value, a champion from currency, given their global delivery mix and the relent on their productivity and utilization initiatives, including their realignment of their skills pyramids to key growth areas. In Technology Services & Cloud Platforms, they delivered $8.9 billion of revenue, which is flat versus eventual year and grievous margin expanded approximately 150 basis points.

We continue to absorb stout growth in cloud revenue in the segment, this quarter up 22% year to year. They had a stout signings quarter, with 16 transactions over $100 million each. Both current and existing clients are looking to IBM to manage their faultfinding infrastructure and deliver innovation, while simultaneously achieving predictable spending. They continue to remark momentum in their open, hybrid multi-cloud approach.

I've mentioned BNP Paribas earlier. BNP Paribas has selected IBM to strengthen its cloud environment, with a hybrid multi-cloud approach, bringing together the IBM Cloud, private clouds along with existing infrastructure. Leveraging IBM's technical and industry expertise, BNP Paribas will accelerate its digitization to tender its clients the best services, while respecting the security and confidentiality of their data. Looking at the revenue by line of business.

Infrastructure services revenue was flat. As they prioritize their portfolio, they are exiting some lower-value content, which slightly impacts near-term revenue performance but results in higher margins. In technical-support services, revenue was down 3%. TSS continues to breathe impacted by the hardware product cycle dynamics, partially offset by continued growth in their core multi-vendor services offerings.

And finally, integration software growth accelerated to 4%. This performance was driven by continued stout adoption of IBM Cloud Private, where they added 200 current clients. That brings their total number of clients using this innovative platform to 600 in just over a year as they continue to modernize traditional workloads. They likewise now absorb over 100 IBM Software offerings integrated with IBM Cloud Private, including blockchain, Watson, IoT and analytics.

We are continuing to deliver innovation in this space with current offerings to enable clients in an open, hybrid, multi-cloud world relish IBM Multicloud Manager, which I mentioned earlier. Turning to profit for the segment. Gross-margin improvement is driven by the heave of their productivity initiatives. This includes infusing AI and automation in their delivery processes such as by leveraging IBM services delivery platform with Watson and embedding agile thinking into their service-delivery processes.

We're likewise leveraging productivity and talent-optimization efforts, where they continue to optimize industry processes, reskill their expert workforce and leverage their global scale. PTI margin was flat, reflecting continued investments to expand their go-to-market capabilities and develop current offerings to capture the hybrid-market opportunity. So to wrap up services, at the beginning of 2018, they said they expected an improving trajectory in their services revenue and profit, and they delivered on that throughout the year with the stout fourth quarter. In Systems, revenue was down 20% this quarter.

I'll remind you that this is compared to a very stout performance in the fourth quarter eventual year, where they grew 28%. Systems pre-tax margin was down six and a half points, reflecting the mix headwind from the IBM Z product cycle. I'll walk through the different dynamics across the hardware portfolio. In IBM Z, they are six quarters into the z14 cycle.

Z revenue declined 44%, while margins expanded modestly, in line with where they are in the cycle. The program continues to track ahead of the prior program, with broad client adoption across industries and countries. They continued to add current clients and current workloads to the platform. Since launching the z14 program, their mix capacity has increased nearly 20% with current workload MIPS growing twice the rate of their gauge MIPS.

So we're taking edge of the secular shifts in the market and now over 55% of their installed MIPS inventory is in emerging workload areas. And while there's volatility in the hardware due to product cycles, as they continue to grow their installed groundwork up roughly three and a half times over the eventual decade, this provides stability in their related software, services and financing industry across IBM. Power revenue was up 10%, driven by Linux and continued stout adoption across their current POWER9-based architecture. In the fourth quarter, they completed the release of their next-generation POWER9 processors in the high discontinue and they had stout adoption in both the low and high-end systems.

Our POWER9 systems are designed for handling advanced analytics, cloud environments and data-intensive workloads in AI, HANA and UNIX markets. And they now absorb extended HANA certification to their POWER9 high end. In the fourth quarter, they had stout initial traction with their current offerings that optimize both hardware and software for AI such as PowerAI Vision, which they introduced in the second half of 2018. And we've essentially completed the deployment of their supercomputers at the U.S.

Department of Energy labs in the quarter. Storage hardware was down with declines in midrange mitigated by continued stout growth in all-flash arrays. The storage market remains very competitive with ongoing pricing pressures. We're continuing to interpose current innovations and functionality.

For example, in December, they extended their next-generation MVME technology into the midrange, with stout initial client adoption. They will continue to roll out MVME across the storage portfolio in the first half of 2019. So now turning to cash. They generated $7.3 billion of cash from operations in the quarter, excluding their financing receivables.

With nearly $900 million in capital expenditures, they generated $6.5 billion of free cash rush in the fourth quarter. This capped off a year with $15.6 billion of cash from operations, likewise excluding financing. They invested $3.7 billion in CAPEX this year, mainly in their services and cloud-based businesses and that's up $400 million from eventual year. And so they generated free cash rush of $11.9 billion for the year.

And as I mentioned, their normalized free cash rush realization was 111%. You'll recall that they expected their free cash rush to breathe about $12 billion for 2018. The year-to-year decline reflects the headwinds they anticipated from CAPEX, working capital and cash taxes. They returned over $10 billion to shareholders in the year, including dividends of $5.7 billion.

We've now increased their dividend per share for 23 consecutive years and they remain committed to continued dividend increases. They likewise bought back just under 33 million shares, reducing their average share matter by over 2%. At the discontinue of the year, they had $3.3 billion remaining in their buyback authorization. Now looking at the equilibrium sheet.

We ended the year with a cash equilibrium of $12.2 billion, which, without the impact to currency, is consistent with the year ago. Total debt was $45.8 billion, down $1 billion year to year, with 68% in champion of their financing business. The leverage in their financing industry is in line with the target of nine to one and the credit character in their financing receivables remains stout at 55% investment grade, a point better than a year ago. And so their equilibrium sheet remains strong, and they are committed to maintaining a stout investment-grade credit rating.

As they typically achieve at the discontinue of the year, I want to provide a quick update on their retirement-related plans. Their U.S. aim has been frozen for over a decade. And over the eventual several years, they moved their asset groundwork to a lower-risk, lower-return profile.

At the discontinue of 2018, in aggregate, their worldwide tax qualified plans are nearly fully funded, with the U.S. at 104%, consistent with a year ago. So despite the volatility in the markets, their plans are in really excellent shape. So let me start to wrap up with some thoughts on 2018 and then I'll trudge on to expectations for 2019.

As they open the year, they talked about the drudgery they had done to reposition their business, to champion trudge their clients to the future, shifting their portfolio, changing their operating model and the route they drudgery and reallocating their capital. And in their earnings convene eventual January, they talked about how that drove their expectations for 2018 in revenue, in margin and in earnings per share. First, they said they expected to grow revenue at then current spot rates. They did, in fact, grow revenue for the year, and that's despite the U.S.

dollar appreciation since early 2018, reducing their revenue growth by about two points or $1.7 billion. Second, they said we'd stabilize grievous margins. While they fell a bit short for the complete year, they stabilized grievous margin in the third quarter and expanded both grievous and pre-tax margin in the fourth quarter and second half. That's for the first time in over three years.

We said tax would breathe a headwind for the year and it was a headwind to us for the year and in the fourth quarter. They continue to recur value to shareholders, with share repurchases contributing to earnings-per-share growth. And finally, they said they expected operating earnings per share of at least $13.80 and free cash rush of about $12 billion, and they achieved both of these. So looking back on 2018.

We grew revenue, operating profit and operating earnings per share for the year with stout free cash rush realization. They had excellent momentum in GBS, with particular power in consulting, led by their digital and cloud-application offerings. They executed well in software in the fourth quarter, finishing the year strong, led by analytics and AI and their hybrid cloud software. As they execute their strategy to champion their clients implement hybrid cloud, their total cloud revenue grew to over $19 billion.Across software and services, they continued to build their as-a-service revenue.

We exited the year with a $12 billion annual elope rate, which is up 21%. They continued their very successful IBM Z program and stout performance in Power with their POWER9 architecture rollout. They repositioned their operating model and drove productivity, which improved their margin profile. They likewise continue to prioritize their investments and took actions to optimize their portfolio.

We announced the sale of select software and services businesses, actions that not only help their go-forward revenue profile but allow us to enlarge their focus and investments in the high-value segments of IT in areas relish hybrid cloud, AI and blockchain. eachandevery of this provides a solid industry and pecuniary foundation for the addition of Red Hat, and it gives us aplomb in their expectation for full-year 2019 operating earnings per share of at least $13.90. Before they trudge to exam questions mp;A, I want to breathe limpid about what is and is not included in their expectations. As I mentioned earlier, Red Hat is expected to proximate in the second half; and given the pecuniary implications to 2019 are heavily relative on the timing of the closing, Red Hat is not included in their expectations.

We'll update their view of the year at the time of closing. In the eventual month and a half, we've likewise announced two divestitures: the sale of their collaboration in on-prem marketing commerce software and the sale of their Seterus mortgage servicing business. For these businesses, when they deem the combination of the foregone profit, the gain on the sale of software assets, the actions to address structure and stranded costs and the resulting benefits from these actions, they await there to breathe minimal impact to their profit and earnings per share for the year. And unlike the Red Hat acquisition, the timing of the closing does not absorb a significant impact on the pecuniary implications for the year, though it may influence the quarterly SKU.

As a result, their guidance assumes these divestitures. Said another way, because the divestitures are essentially neutral to their profit for 2019, they don't impact operating EPS guidance for the year, though they achieve absorb a benefit to their pecuniary profile over the longer term. Turning to free cash flow. They await about $12 billion in 2019, with a realization rate of about 100%.

This reflects their expected operational profit performance and continued working capital efficiency, partially offset with a cash tax headwind. We've likewise taken into account the estimated free cash rush impacts of the software and services divestitures. Note that while these are relatively neutral to earnings, they are a headwind to their free cash flow, because the gained proceeds rush into the investing section of their cash rush statement.Finally, while they haven't included Red Hat, they absorb taken into account an evaluate of the pre-closing financing costs associated with the acquisition. So when you redeem it eachandevery together, they remark free cash rush of about $12 billion, which is roughly flat year to year even after absorbing the headwind from the portfolio actions.And with that, let me swirl it back to Patricia for the exam questions mp;A.

Patricia Murphy -- Vice President of Investor Relations

Thank you, Jim. Before they launch the exam questions mp;A, I'd relish to mention a brace of items. First, they absorb supplemental charts at the discontinue of the coast deck that provide additional information on the quarter and the complete year. This includes the 2018 performance and year-end assumptions for their retirement-related plans and supporting information on the 2019 implications of their divested businesses.

[Operator instructions] So operator, let's tickle open it up for questions. 

Questions and Answers:


Thank you. They will now start the question-and-answer session of today's conference. [Operator instructions] Their first question is coming Wamsi Mohan of Bank of America Merrill Lynch. Your line is open.

Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst

Yes. Thank you. Jim, IBM delivered a nice profit trajectory here exiting 2018. In this weaker macro backdrop, it looks relish you absorb pretty robust 2019 guidance and I was hoping that you can champion talk to what the profit trajectory looks like.

It grows in PTI flat in 2019. And some color on the broader puts and takes embedded in your 2019 guide, including the IP income and taxes, that would breathe helpful. Thank you.

Jim Kavanaugh -- Chief pecuniary Officer

OK, Wamsi. Thank you very much for the question, and it's probably a excellent residence to start, given they just concluded the prepared remarks and they talked about some of the dynamics of what's in their guidance. But as always, you would expect, they elope multiple scenarios here across their business. And we're looking at the trajectory of their business, the macroeconomic environment, what their enterprise clients are telling us.

And they likewise recall into account their own operational indices in front of us and their industry plans and strategies. And when they redeem eachandevery that together, this is what gives us aplomb and expectation of operating EPS of at least $13.90 for 2019. Now as I just stated, this guidance excludes Red Hat, just given to the timing sensitivity and the pecuniary implications on when it closes but it includes the announced divestitures. And we'll talk about that through eachandevery these exam questions mp;As with regard to any forward-looking guidance.

But they enter -- from my perspective, they entered 2019 with a much improved industry profile in terms of, one, driving operating leverage, and you remark how eachandevery that played out in the second half, and it's birthright through the core of your question. And two, their strategic imperatives birthright now, the high-value emerging segments of the IT industry are now consistently over 50% of IBM's business. So while they don't give guidance on revenue, let me give you a diminutive color behind that. And then I'll trudge to operating leverage and grievous and pre-tax margin and tax as they trudge forward.

But first, I'll start with the tailwind. They absorb a solid annuity groundwork in their business. And today, it's about 60% of IBM, and that builds resiliency into their model. And they got excellent momentum in their as a service, as you heard.

We exited the year with an annualized exit elope rate of $12.2 billion, and that's up 21% year over year. You combine that with the power within their services business. They accelerated throughout the year and they exited the year with a very stout performance by a GBS team, who is just doing excellent, with regards to continuing to win in front of the marketplace and deliver value to their clients. And they likewise captured significant signings in the fourth quarter that positions their GTS industry and really instantiates their value around hybrid cloud and how we're winning.

And then you brace that with solid execution on software. They talked 90 days ago about where they were at in the third quarter around software, and they made some forward-looking projections and they turned their software industry around to growth growing 2% in the fourth quarter. And they absorb a stout portfolio lineup, so they would await that to continue. And then hardware, yes, we're in the back discontinue of their mainframe cycle.

And I would expound you, it's the most successful mainframe we've had in quite a bit of time. But they continue to bring current innovation to market to deliver value for their clients in their POWER9 architecture, which is resonating well in the marketplace and they got worthy acceptance, grew 10% in the fourth quarter. They await that will continue to play out in 2019. So we've got a excellent book of industry here and some tailwinds at us.

And from a headwind perspective, you talked about macro. Well, the first thing I would convene out is currency. The U.S. dollar continues to strengthen throughout 2018, especially even since their eventual earnings convene 90 days ago, the U.S.

dollar continued to appreciate. And birthright now you saw in the supplemental charts, they provide you with transparency. They await about a one to two-point headwind on currency. And then finally, they are taking very disciplined portfolio actions across their business, where they don't align to their integrated value play and where they can reprioritize and focus their investment to drive the value around the IBM company.

That divested content is going to breathe about a one-point headwind. So when you redeem it eachandevery together, we've got some pluses and minuses at the top line, but really, this year in 2019, it's going to breathe predicated on operating leverage. They made excellent progress through '18, and it positions us very well in -- to expand margins in 2019. So among eachandevery of their scenarios, their guidance model and their expectations bespeak that they will expand grievous and pre-tax operating margin in 2019 as they continue to deliver value.

And that's going to near out of scale efficiencies. That's going to near out their services momentum and the mix shift in productivity, which will offset -- more than offset the product cycle mix they still absorb in the divested content. And one eventual thing that I would convene out is tax. We're guiding to an all-in rate of about 11% to 12%, which, by the way, is a headwind year to year that we're going to absorb to overcome, finishing with a printed rate of about 8% in 2018.

Now this rate assumes estimated potential discretes. This is a change. We're doing this to provide enhanced transparency into their guidance as they trudge forward. But I will expound you, discretes by nature vary in timing.

They vary in amounts and will breathe recorded when they occur in 2019. But you redeem eachandevery that together. We've got headwinds and tailwinds on revenue, stout portfolio lineup in their high-value services and software. They got expanding operating leverage that they expect, the tax rate all-in of about 11% or 12%.

This gives us aplomb in their complete year EPS of at least $13.90 and a free cash rush of about $12 billion.

Patricia Murphy -- Vice President of Investor Relations

Great. Thanks, Wamsi. Can they trudge to the next question, please?


Sure. Their next question is coming from Toni Sacconaghi of Bernstein. Your line is open.

Toni Sacconaghi -- Bernstein -- Analyst

Yes, thank you. And thank you for the clarification on the previous question. I just wanted to know if you could clarify what the size of the expected gain is on the sale of assets to Red Hat -- excuse me, to HCL and then whether you await directionally Red Hat to breathe accretive or dilutive to free cash rush and EPS this year. And then on software, could you remark on the power that you saw? Was it a pushout? achieve you feel relish you captured great enterprise license agreements? Or is this sort of a more normalized book? And should they await Cognitive to grow in Q1 and Q2 at a similar pace to what they saw in Q4? Thank you.

Jim Kavanaugh -- Chief pecuniary Officer

OK, Toni. Thank you very much. Very excellent questions. Let me try to recall each of these piece by piece.

First of all, as you saw from their eventual earnings, they continue to recall disciplined portfolio prioritization efforts around their portfolio, both in terms of the announcement of the acquisition of Red Hat and likewise the announcement of sale of inescapable assets within their Cognitive and GBS business. Red Hat, as they talked about, expected was -- we're working through regulatory birthright now. They await to proximate that in the second half. But with regards to your specific question on divestitures, they included in their guidance the sale of their collaboration and on-prem marketing and commerce industry and the sale of their Seterus mortgaging business.

Both of these will drive headwinds, as you can imagine, in revenue for the year. They await the mortgage industry to proximate later in the first quarter. That will breathe a headwind this year to GBS revenue. But on a sustainable basis, this improves both their revenue profile in GBS and their margin profile, as they continue to shift to higher value as they trudge forward.

In terms of their cognitive assets that they sold with regards to collaboration and on-prem, those businesses generated roughly a diminutive bit over $1 billion of revenue over the eventual 12 months. They said they expected to proximate that by midyear. The transaction price was $1.8 billion, but the expected gain, I will expound you, will breathe a lot less than that $1.8 billion as we're working through the acquisition accounting birthright now with regards to goodwill and how much goodwill will breathe applied to that. But they still await a sizable gain, nowhere near $1.8 billion but a sizable gain.

And as they said, we've got to overcome, one, the foregone profits of these businesses, the stranded cost of these businesses. And they will recall that gain. And as you would expect, we're going to utilize a portion of that gain to address that stranded cost and structure, and we'll derive recur on that. eachandevery of that redeem together is minimal impact to their profit.

So they included that in their guidance. It has minimal impact to their profit and EPS, but it does absorb an impact to free cash flow. Just given what I said a diminutive while ago in the prepared remarks on the gain on the asset sale will discontinue up in the investing section of free cash flow. So we've overcome that and still guided a free cash rush that's roughly flat at about $12 billion.

Now your second question was on Cognitive. They obviously executed well. You dial back 90 days ago and they had some pretty candid discussions about their portfolio, how they had aplomb in their portfolio, the competitiveness and the value they bring to clients. And they didn't execute in third quarter and they came back.

We executed on stout pipelines. Software was up 2% overall. Their transact -- they had stout transactional performance. Well, probably what I'm most haughty about is it was pervasive.

We grew in hybrid-cloud integration software 4%. They grew in solutions software 3% across many of their offerings led by data and AI and analytics, likewise in many offerings in their industry verticals around Watson Health; and they grew in transaction processing software, which they said that industry is mission critical, high value to their clients, and it followed client buying cycles. So if anything in their overall portfolio of software that's tied to SKU, it's really the transaction processing software business, where they closed a stout pipeline, which they talked about 90 days ago. So they feel very excellent about the competitiveness and value of their portfolio.

We're going to feel even better when they proximate the Red Hat acquisition, on what that does to provide us an acceleration and a leadership position on hybrid multi-cloud, and we're excited and looking forward to that.

Patricia Murphy -- Vice President of Investor Relations

Thanks, Toni. And can they tickle trudge to the next question?


Thank you. Next question is coming from Katy Huberty of Morgan Stanley. Your line is open.

Katy Huberty -- Morgan Stanley -- Analyst

Thank you. excellent afternoon. Congrats on the nice numbers in the fourth quarter. Question around linearity in 2019.

There's a lot going on with tax discretes, divestitures. I know the Red Hat numbers aren't in the guidance yet. But how should they deem about linearity, given that the timing of some of these discrete items may change the walk-through in the year?

Jim Kavanaugh -- Chief pecuniary Officer

OK. Thank you, Katy. And thanks on behalf of the entire IBM team. They really just delivered a solid fourth quarter here.

But if you recall a spy at it, it's very excellent question. Why don't I just address it by trying to derive some visibility into first quarter. It's birthright in front of us birthright now. If you recall a spy at first quarter, again, they guided full-year EPS of at least $13.90.

If you spy at first quarter, first of all, on an EPS perspective, they would await the operating EPS skew to breathe around 16% of the complete year at $13.90. So when you recall a spy at that, it gets us off to a excellent start. It does acknowledge that they are on the back discontinue of a mainframe product cycle, but they got acceleration in their services and their software groundwork of business. And they feel confident in at least that 16% starting out the year.

Now if you spy at that compared to the eventual three years, it will pomp that it's a diminutive bit less attainment, but to your -- heart of your question, the eventual few years, they had substantial discrete tax items in the first quarter. If you trudge back to '16, they closed on the Japan audit. If you trudge back to eventual year, they closed on the U.S. audit settlement.

We achieve not remark anywhere near the flat of discretes in the first quarter. And I would project somewhere around the 11%, 10%, there might breathe something within the first quarter, but we're not talking substantial amount. So that is really EPS. On revenue, which they probably had the best visibility, just given their operational indices, the mix differential of their revenue groundwork between annuity and transactional, when they trudge from fourth quarter to first quarter, that seasonality, the transactional businesses absorb a more muted outcome on 1Q versus 4Q.

And as the mix of more annuity content, which plays out in the first quarter, this should contribute about a one to two-point sequential improvement in their growth at constant currency. And they just came off a fourth quarter with many different dynamics that produced the down one at constant currency. So they achieve remark an improvement, just given the mix shift in the power of their annuity content as they trudge forward. The eventual thing that I'll bring up about first quarter is I talked a diminutive bit about currency for the year.

We absorb their toughest compare on currency in the first quarter. Just given eventual year, the dollar weakened throughout the first quarter and then dramatically accelerated or strengthened as they moved through 2Q through 4Q. So as you saw on the supplemental charts, their currency impact is going to breathe a three to four-point headwind. And based on what I looked at where the dollar closed late today, it's going to breathe probably closer to that four-point headwind overall.

Patricia Murphy -- Vice President of Investor Relations

OK. Thanks, Katy. Can they trudge to the next question, please?


Thank you. Next question is coming from Tien-Tsin Huang of JPMorgan. Your line is open.

Tien-Tsin Huang -- J.P. Morgan -- Analyst

Thanks. Hi, Jim. Hi, Patricia. I wanted to interrogate on services.

It improved relish you said it would in 2018. I'm snoopy what you're allocating for 2019 within services, because there are some moving parts. GBS is performing well. Application management's up into a nice place.

So snoopy on the sustainability there. And just as a clarification away from the services, with strategic imperatives up 9%, there wasn't as much talk about that in the prepared remark. I'm snoopy is that still going to breathe a metric that's going to breathe provided or tracked going forward. Thanks.

Jim Kavanaugh -- Chief pecuniary Officer

OK, Tsien-Tsin. Thank you very much for the question. They obviously are very pleased with their services industry and how we've continued to reposition their portfolio both in GBS but likewise in their GTS groundwork of industry as they moved throughout 2018. But when you spy at the trajectory of their business, they ended the year with an overall or absolute backlog of $116 billion.

That's down 60 basis points at constant currency and it's a vast improvement from where they started a year ago. If you recollect their discussions here a year ago, they had a lot of discussion about your overall backlogs down 3% at constant currency, and they talked a lot about what they saw play out in 2018, and the team's just done an excellent job. We're in a much better position. And they achieve remark across their total services industry in '19 sustained revenue growth and margin profile.

But let me recall the pieces and just give you a diminutive bit of perspective. GBS, couldn't breathe more haughty of the team about what they've done to reposition their portfolio and their offerings in capturing and delivering growth to their clients in digital, in cognitive and cloud. You saw on the fourth quarter, they exited GBS. I'll derive these numbers pretty close: strategic imperatives growing mid-teens, cloud growing 30 plus percent and their as-a-service-based industry exiting with over a $2 billion number, I deem up 64% overall.

And we've got pervasive growth across eachandevery three lines of business, led by digital. They did status in application management, where they finally returned back to growth in the fourth quarter, they are executing and delivering value and driving cloud migration services and cloud application development. They absorb a differentiated offering, and we're delivering value to their clients. But they likewise closed on many client-specific milestones that caught up in the fourth quarter, but they still remark excellent growth.

It's just not going to breathe at the flat that you saw here in the fourth quarter. With eachandevery that said, their margin and operating leverage, they feel comfortable. They grew GBS operating grievous margins 300 basis points in the fourth quarter. That will dissipate throughout 2019, but they still remark stout operating leverage led by their mix shift to higher value and the offerings, how we're capturing that price realization and how we're delivering actual value and character to their clients.

Now in GTS, they are obviously winning with their hybrid cloud momentum. They had a stout signings quarter, really led by GTS overall and the hybrid cloud value prop, delivered $15.8 billion of signings, up 21%. That's what improved that backlog position here at the discontinue of the year. And we're exiting with an $8 billion as-a-service annualized exit elope rate, which provides a stout annuity groundwork content and resiliency in their model.

Now with that said, they are doing portfolio prioritization in GTS. They are constantly going to focus on where they can exploit and deliver value to their client and likewise originate high-value returns for the IBM shareholder. They are walking away from low value-based content in GTS. You saw that in the fourth quarter, where their GTS industry overall was down, I think, 50, 70 basis points.

And while you remark that absolute backlog improve, they are going to continue prioritizing high value, because they want to derive prioritization of cash, profit and margin out of that industry and leverage that industry in the value of incumbency and moving their clients to the future and capitalizing on hybrid cloud. So we'll remark continued margin expansion in GTS as they trudge forward, and that's going to near out of very similar scale efficiencies, productivity. And remember, in both, we're still going to derive the second half of their productivity from their 2018 actions. So they feel pretty snug and confident in their services groundwork of industry as they walk into '19.

Patricia Murphy -- Vice President of Investor Relations

Thanks, Tien-Tsin. Can they trudge to the next question, please?


Thank you. Next question is coming from David Grossman of Stifel. Your line is open.

David Grossman -- Stifel pecuniary Corp. -- Analyst

Thank you. So Jim, you've announced two divestitures in the eventual six weeks. I think, you mentioned in your prepared remarks exiting some GTS industry that was perhaps lower margins, lower growth. Obviously, without getting too specific, what else can you expound us about the other efforts that are under route to streamline the legacy core that may positively impact the agility of the organization as well as positively impact your growth rate?

Jim Kavanaugh -- Chief pecuniary Officer

OK, David. Thanks very much for the question. Let me recall a vast step back. Obviously, I've been thinking about this as Ginni and everyone else.

And from my perspective, they constantly whisper IBM is a high-value-based company. We're high value to their clients. We're high value to their shareholders. And the route they remain high value is through disciplined portfolio optimization.

And whether you trudge over what they just did the eventual 90, 120 days or you trudge over the eventual three to five years, they absorb constantly focused on one, where is the market moving in terms of growth, high-value offerings, client value and most importantly, profit pools. And you're seeing us continue to achieve that as they trudge forward. These latest actions really heart around disciplined portfolio prioritization around market attractiveness, around differentiation and around how they really played to the integrated value of the IBM portfolio. Their differentiated hardware-software services, and that was really at the heart of the divestitures that they just announced around inescapable assets in their Cognitive Solutions segment and in their global processing mortgage servicing unit.

They were basically more and more sold as stand-alone-only products and offerings that can breathe leveraged and delivered to their clients through a different partner, who will originate the investment prioritization as they trudge -- trudge forward. I could expound you, we're always looking at portfolio optimization and how they prioritize their investment and capital allocation. And you remark that with the announcement of Red Hat, and you remark that play out in what they just did with Cognitive and GBS. But as they trudge forward, we're going to continue prudently managing their portfolio and operate with that pecuniary discipline in terms of acquisitions.

Our strategy hasn't changed. It's always been built around supporting high value and it's built around leveraging the investment theses and narrative of IBM: Innovative technology, deep industry expertise and dependence and security eachandevery delivered through an integrated model of hardware-software services. And then finally, I would expound you, they absorb a stout equilibrium sheet. They absorb worthy cash rush and they absorb enough pecuniary flexibility to continue invest in their industry and returning value to their shareholders over the long term.

So they feel pretty good.

Patricia Murphy -- Vice President of Investor Relations

Thanks, David. Can they trudge to the next question, please?


Thank you. Next question is coming from John Roy of UBS. Your line is open.

John Roy -- UBS -- Analyst

Great. Thank you so much. So obviously, cloud is a trend that everybody is getting on more and more here on the enterprise space and yet you had moreorless of a flat quarter. I was snoopy as to when you win cloud deals as to why and how achieve you remark the Red Hat acquisition as changing, the color around why you win and how much you win.

Jim Kavanaugh -- Chief pecuniary Officer

OK, John. Thank you very much for the question. Let me try to redeem this in perspective around cloud. First of all, their cloud overall for the year was $19.2 billion.

That was up 12%. And within that, as they always talk about, the high-value merging areas of as a service finished with an annualized exit elope rate of $12.2 billion, up 21%, which really clearly underlines their consistent execution and us capturing the high-value secular shifts around cloud in that as a service. No when you spy at cloud in the quarter, the cloud number as printed really reflects the selfsame fundamental headwind on the wrap of the product cycle of mainframe that they had to overcome. Now that isn't new.

We expected that. We've been talking about that eachandevery year long. Second half of the year, they knew they were going to breathe on the back discontinue of their mainframe product cycle. Remember, they came off of mainframe that grew 71% in the fourth quarter of 2017.

And this is, as I said before, the most successful mainframe product cycle in quite some time, which, by the way, generates and captures current emerging workloads around pervasive encryption but likewise is capturing current workloads around cloud as they trudge forward. So that cloud business, without mainframe was actually up 19%. That's an acceleration underlying their software acceleration from 3Q to 4Q, underlining their services acceleration from 3Q to 4Q. And they remark that as they trudge forward because, remember, although they had a deal with the largest transactional quarter on mainframe, albeit in 2019, that starts to dissipate, because we're through that biggest volume-based quarter.

So they remark cloud still resonating with their clients. And to your heart of your question about Red Hat, Red Hat and IBM together, they remark this movement of how they can deliver value in leading the second phase, Ginni calls this Chapter 2, the second aspect around where clients are moving very business-critical, business-value-led workloads. And that's about 80% of the workloads ahead of us. So the value of bringing IBM and Red Hat together is going to breathe centered around hybrid, open, multi-cloud and us wrapping around their security secure to the core and how we're going to deliver that differentiated value proposition.

And we're just excited about what Red Hat is going to influence to the IBM company and their clients.

Patricia Murphy -- Vice President of Investor Relations

Thanks, John. Anne, can they tickle recall the next question?


Thank you. Next question is coming from Jim Schneider of Goldman Sachs. Your line is open.

Jim Schneider -- Goldman Sachs -- Analyst

Good evening. Thanks for taking my question. Jim, it's excellent to remark the improvement in software and cognitive relative to eventual quarter. And I guess, the question is, on a go-forward basis, you absorb a target of mid-single-digit growth long term in cognitive.

Is it realistic to await that you could achieve that as they head throughout 2019? And can you maybe talk about the impact of any of the transactional industry you may absorb seen this quarter that might influence that? And just kind of talk broadly about the macro environment for that product set in general.

Jim Kavanaugh -- Chief pecuniary Officer

Yes, Jim. Thanks very much for the question, overall. They are pleased with their software performance exiting the year. As I talked about, I deem it's really an instantiation that demonstrates their competence to deliver innovative solutions embedded with AI that drives industry value to their clients really through an industry lens that plays across the integrated value of IBM with their services groundwork of industry and stacked on top of their hardware-based platforms.

But when you spy at fourth quarter, they exited 2% growth. They had excellent pervasive growth across the portfolio, as I said before, good, stout transactional growth, excellent SaaS signings, high renewal rates. And remember, this Cognitive Solutions segment is high value, high operating margins, and they continued to expand operating margins here in the fourth quarter and for the complete year. Now when you recall a step back, you asked long term, well, obviously, in 2019, we're going to deal with the headwind I talked about with the divested content.

That will to Cognitive Solutions probably be, on a trailing 12 months, they did a -- of a diminutive over $1 billion. So it would breathe about a four, five-point headwind in '19, and that's pre-Red Hat acquisition, because Red Hat's not in '19 yet. But we're going to have, birthright off the bat, a four to five-point headwind. But the underlying fundamentals in their long-term sustainability around that, yes, their long-term model has not changed.

We still remark the power of their offering portfolio. One, even getting better around their hybrid integration software. Two, around their analytics portfolio, which just had a worthy quarter, data AI, their industry-based verticals. Their Watson Health had growth across many of its offerings as I talked about earlier.

And even in IoT, they had growth around their core franchises of facilities management and asset management, Maximo and TRIRIGA. So they got a excellent lineup. It's going to breathe on us to execute here in 2019. They fully await to achieve that.

Patricia Murphy -- Vice President of Investor Relations

Thanks, Jim. Can they trudge to the next question, please?


Thank you. Next question is coming from Joseph Foresi of Cantor Fitzgerald. Your line is open.

Joseph Foresi -- Cantor Fitzgerald -- Analyst

Hi. It sounded relish in your remarks earlier that you thought you could deliver sustainable organic constant-currency growth in 2019. If so, does that include or exclude Red Hat? And then just as importantly, maybe you can give us some color around first half margins versus second half margins and maybe what the margin exit rate will breathe for '19. Thanks.

Jim Kavanaugh -- Chief pecuniary Officer

Sure, Joe. Thank you very much for the call. First of all, they don't usher on revenue for the year, so I don't recollect stating that they are going to grow the year at constant currency organically, etc. Red Hat's not in any of the guidance as they talked about upfront.

We achieve absorb the divestitures in here. Divestitures are going to breathe about a point headwind as they trudge forward. And as I stated, currency is going to breathe a one to two-point headwind at actual rates. But they achieve feel confident in the book of industry they absorb around their services and around their software as they trudge forward.

But the underlying dynamics, as I talked about, they absorb many different scenarios we're running here. eachandevery point to giving us aplomb in their expectation of at least $13.90 as they trudge forward. That is going to breathe a compund of the mix of their portfolio, the revenue of their portfolio, the operating leverage of their portfolio, the tax structure, IP. There are many different variables that trudge into that $13.90 overall.

We achieve remark stout operating leverage continuing in 2019, both grievous and pre-tax margin, leveraging their scale efficiencies, leveraging their mix shift to higher value, leveraging their productivity initiatives. And when you spy at it, we've got worthy momentum exiting second half, in particular, around their services groundwork of business. Second half services grew operating grievous margins by 200 basis points. And I deem you would await a similar first half trend around that.

And then second half, we'll start wrapping on a diminutive tougher compares, but for the first -- or excuse me, for the complete year, they would await excellent operating leverage, and that's what we're guiding to.

Patricia Murphy -- Vice President of Investor Relations

Thanks, Joe. Let's trudge to the next question, please.


Thank you. Their next question is coming from Jim Suva of Citi. Your line is open.

Jim Suva -- Citi -- Analyst

Thank you very much. In your prepared slides, coast #10, it was very informative to champion us bridge the two different years on their earnings. The question I absorb is, as they spy forward to next year, I know you absorb a lot of variables. Are there any bridge items that you want to particularly convene us out for as most likely to chance to hit your $13.90? And how near cash rush wouldn't breathe growing if you absorb earnings growing? Thank you.

Jim Kavanaugh -- Chief pecuniary Officer

OK, Jim. First of all, thank you for the question. Thanks for the compliment. The team does drudgery very arduous to provide the birthright flat of transparency so their investors can understand the operating dynamics of their business.

And Chart 10 brings out that complete year. You remark how 2018 played out, stout operating leverage, tax headwind, revenue growth at actuals. When you spy at it and you trudge back to beginning of January eventual year, they stated what they saw for the year. They grew revenue.

We grew operating leverage. They grew operating pre-tax income. They grew earnings per share, and that played out well. If you spy at, excuse me, 2019, as I stated, many different scenarios.

But what absorb they talked about already on this call? One, they remark continued operating leverage coming out of grievous and pre-tax margin in 2019. Two, they achieve remark tax being a headwind to us in 2019. And again, they tried to provide enhanced transparency, where we're giving you an all-in rate of at least 11% to 12%, but even with that, that's a three to four-point headwind. We'll continue to buy back shares as they talked about.

I think, that's, one, the flat of aplomb that they absorb in the long-term value of IBM, but it's likewise a flat of aplomb that they absorb in the power of the IBM and Red Hat acquisition. So I think, you could remark that continuing to play out. And then, I guess, last, they talked about currency on revenue, currency on revenue, the impact of one to two points and the divestitures. So they will continue showing the transparency of this EPS bridge, helps their investors understand the operating dynamics as they trudge forward.

Patricia Murphy -- Vice President of Investor Relations

And then, Jim, on your question on cash, as Jim said in the prepared remarks, they obviously absorb a headwind from the divested businesses, because they absorb the foregone -- we'll absorb foregone profit and we'll absorb a gain, but the gain doesn't trudge into free cash flow. They likewise will absorb some items that hit their free cash rush relative to some pre-closing costs for Red Hat. So that's the intuition that the free cash rush is flat despite the fact that they absorb a brace of headwinds within them. So operator, why don't they recall one eventual question?


Thank you. Their eventual question in queue is coming from Keith Bachman of BMO. Your line is open.

Keith Bachman -- BMO Capital Markets -- Analyst

Hi. Thank you. Jim, just a clarification first and a question. On the clarification, you mentioned the impact of the divestitures.

In the slides, it indicates the impact is $1.5 billion. I think, you said $1 billion was coming out of Cognitive. And I just wanted to remark if you'd just clarify where is the leisure coming out of? And then the question is on Technology Services & Cloud Platforms. I wanted to derive your perspective.

As you spy at 2019, this industry continues to trail a diminutive bit relative to GBS in terms of revenue performance. Would you await or anticipate this industry to grow in CY '19? And therefore, would you await operating leverage to likewise breathe demonstrated in this business? Thank you.

Jim Kavanaugh -- Chief pecuniary Officer

Yes. Thanks, Keith for the question, overall. First of all, on your clarification, the impact of divestitures. They actually did provide a supplemental chart that hopefully each of you and their investors will value on the transparency and the implications both on '19 and then directionally on 2019.

I think, I said a diminutive over $1 billion. If you spy at chart, what is it, 15, in the supplementals, the Cognitive software assets of divesting collaboration and their on-prem marketing and commerce was about -- was $1.3 billion. So that's what I meant about a diminutive over $1 billion. When you recall a spy at the GBS mortgage servicing divestiture, that's about $200 million.

So on a full-year basis, annualized, it's about $1.5 billion between the two of them. So hopefully, that answers the clarification. And then on your second question, TS&CP. They finished the year with stout signings growth, which really instantiates their hybrid cloud value proposition and likewise the value of incumbency that they provide with their clients of understanding their workloads, understanding their industry processes and enabling us to mute -- trudge them to the future and capturing that cloud backlog.

That cloud backlog is up over five points year to year as a percent of their total outsourcing backlog. But as I said earlier, GTS business, they are going to manage this industry for profit, for cash and for leveraging their incumbency to trudge their clients to the future and provide better client value and delight them through loyalty as they trudge forward. And they are going to exit some low-value content business. So for 2019, I would await pretty similar performance in GTS overall on a top line, but in margin, they are going to expand margin that's in their expectations.

And you remark that play out in the second half of '18, and they await that to continue. So eachandevery right, with that said, apologize for going a diminutive bit long here. They wanted to derive a lot in here, one, about the quarter. But two, about wrapping up the year and what it means for '19.

So a few comments to wrap up. We're entering 2019 in a worthy position to champion their clients, whether they're looking for innovation or productivity or both. We've got a solid groundwork of business. You remark this in their software and services results, with strategic imperatives now consistently at about half of their revenue and in operating leverage we're driving, and they await that to continue.

This gives us aplomb in their expectation of at least $13.90 of earnings per share for the year. Their hand will only derive stronger with the addition of Red Hat, which positions us as the leader in hybrid, multi-cloud world.So thanks for joining us today. They spy forward to continuing the dialogue over the course of the year. Thank you very much.

Patricia Murphy -- Vice President of Investor Relations

OK. Anne, let me swirl it back to you to wrap up the call.


[Operator sign-off]

Duration: 83 minutes

Call Participants:

Patricia Murphy -- Vice President of Investor Relations

Jim Kavanaugh -- Chief pecuniary Officer

Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst

Toni Sacconaghi -- Bernstein -- Analyst

Katy Huberty -- Morgan Stanley -- Analyst

Tien-Tsin Huang -- J.P. Morgan -- Analyst

David Grossman -- Stifel pecuniary Corp. -- Analyst

John Roy -- UBS -- Analyst

Jim Schneider -- Goldman Sachs -- Analyst

Joseph Foresi -- Cantor Fitzgerald -- Analyst

Jim Suva -- Citi -- Analyst

Keith Bachman -- BMO Capital Markets -- Analyst

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Pacific tech on the rise with Pacific industry dependence | actual questions and Pass4sure dumps

Tuesday, 25 July 2017, 4:59 pmPress Release: Pacific industry Trust

Pacific tech on the rise with Pacific industry Trust

Young Pacific entrepreneurs are on the rise, with a growing number making their note in tech innovation and providing solutions, having being developed by the Pacific industry dependence from the start

The Ministry of Business, Innovation and Enterprise (MBIE) states that 2016 was a record year for the technology sector. There was 12% revenue growth for the top 200 revenue earning technology firms (over $1B) and technology was current Zealand’s third largest export sector, contributing 16.2B to National GDP.Pacific technology businesses are contributing to that growth, with the number of innovative tech solutions on the rise.

One of those is the Manaui Media Language App being created by Cook Islander / Tahitian Koni Rairoa and Samoan Lillian Arp.

Their product is a language preservation app that provides an intuitive piece of technology, customised by the user to empower them to speak their language with confidence, using it regularly in a seamless way.

“I can’t betray too much more, but whisper that at a personal level, the journey has helped me ascertain what my zeal is, and I remark it helping so many other Pacific people who want to rediscover their language,” says Koni.

“This project is still in the discovery stage, but we’re planning to launch the development stage before the discontinue of the year, followed by the design then production of the app.”

Another Pacific tech initiative is KidsCoin, an online appliance that allows kids to win ‘Kids Coins’ through online quizzes that discipline the fundamentals of transactions, banking, saving, making loans, paying tax, entrepreneurship and more.

KidsCoin co-founder Brittany Teei says the solution is designed to champion equip young people through hands on learning, with basic pecuniary management skills.

“…The crucial thing for today’s young ones is to understand how money works so you can originate it drudgery for you instead of the other route round. Starting it the younger the better is the best route to create excellent habits,” she says.

Coder and founder of tech company Best by Peers, Niuean Janet MacFarlane, is developing an online social discovery platform focused on creating a credible and trustworthy digital presence, using social technology to influence more positive change.

“Establishing dependence is the key. As their lives become increasingly digitalized, your online reputation will breathe your most valuable digital asset. I’m looking at using social technology to express and extend your physical self,” she says.

“Today’s corporate culture demands soft skills as much as technical, which will become increasingly vital given the prediction that 40% of manual jobs will evanesce over the next decade.”Pacific industry dependence Chief Executive, Kim Tuaine is leading the Trust’s drudgery within the sector to develop strategic partnerships, connect Pacific businesses and identify opportunities to innovate.

“It’s an exciting time to breathe in the technology sector and there are so many exciting Pacific businesses operating in this space,” says Kim.

“The Pacific industry dependence is focused on supporting these businesses, whether it’s connecting them to current investment, helping them to commercialise and achieve current markets or develop their product.”ENDS

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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 [750 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 [1532 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 [64 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 [374 Certification Exam(s) ]
Mile2 [3 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 [39 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 [279 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 [12 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) ]

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