IBM Q4 edges expectations, as-a-service run rate now $10.3 billion ZDNet

SaaS had a major impact on the way companies consume cloud services. This ebook looks at how the as a service trend is spreading and transforming IT jobs. IBM said its as-a-service annual run rate is $10.3 billion exiting the fourth quarter, which was better than expected on earnings and revenue. Big Blue reported a solid quarter relative to expectations and showed growth in its "strategic imperatives" revenue, which includes analytics, cloud and newer businesses. The company reported non-GAAP fourth quarter earnings of $5.18 a share on revenue of $22.5 billion, up 4 percent from a year ago.