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XTO Energy Announces Record Production for 2Q, Up 32% From Last Year and 6% Sequentially; Increases Production Guidance to 20% for 2009

FORT WORTH, Texas, Aug. 5 /PRNewswire-FirstCall/ -- XTO Energy Inc. (NYSE: XTO) today reported record second quarter 2009 production of 2.89 billion cubic feet equivalent (Bcfe) per day, up 32% from the second quarter 2008 level of 2.20 Bcfe per day, and up 6% sequentially from 2.73 Bcfe per day in first quarter 2009. Total revenues for the second quarter were $2.27 billion, a 17% increase from $1.94 billion the prior year. Earnings for the quarter were $496 million, or $0.86 per share ($0.85 diluted), compared with second quarter 2008 earnings of $575 million, or $1.12 per share ($1.11 diluted). After adjusting for a $28 million ($18 million after tax) non-cash derivative fair value loss and an $8 million ($5 million after tax) gain on extinguishment of debt, adjusted earnings for second quarter 2009 were $509 million, or $0.88 per share ($0.87 diluted), compared to second quarter 2008 adjusted earnings of $553 million, or $1.08 per share ($1.06 diluted). (1)

Operating income for the quarter was $898 million, an 11% decrease from second quarter 2008 operating income of $1.01 billion. Operating cash flow was $1.51 billion, up 23% from 2008 second quarter comparable operating cash flow of $1.23 billion. (1)

Second quarter daily gas production averaged 2.35 billion cubic feet (Bcf), up 31% from second quarter 2008 daily production of 1.80 Bcf. Daily oil production for the second quarter was 69.2 thousand barrels, a 35% increase from the second quarter 2008 level of 51.3 thousand barrels. During the quarter, natural gas liquids production was 20.7 thousand barrels per day, a 33% increase from the prior year quarter rate of 15.6 thousand barrels per day.

"XTO's outstanding results highlight the wisdom of the Company's time-tested strategy -- own quality properties, manage robust cash flow and plan for expansive growth. Once again, record production exceeded expectations, increasing 6% sequentially, and 32% from last year. With strong cash flow margins and 75% of second half production hedged at an equivalent price of $10.69 per Mcfe, operating cash flow for 2009 is headed towards a record $6 billion," stated Bob R. Simpson, Chairman and Founder. "Looking ahead to 2010, we anticipate a recovering economy, decreasing natural gas supply and increasing natural gas demand. Through our hedging program, the Company has already secured an equivalent price of $11.33 per Mcfe on about 40% of expected production. With these convictions, XTO is increasing its 2009 production growth target to 20%, from 16%, while modestly increasing our capital budget to $3.6 billion."

"All told, our operating efficiencies are strengthening with exceptional production results, drilling costs down by about 30% and lease operating costs now below $0.95 per Mcfe," continued Keith A. Hutton, Chief Executive Officer. "During this quarter, Barnett Shale net production increased to 621 MMcfe per day, up 5% sequentially and 34% year-over-year. In the Eastern Region, the Company's largest producing area, daily net production averaged 903 MMcfe in the quarter, up 27% year-over-year, including 16% growth in the Freestone Trend. Expanding success in the Fayetteville and Woodford shale plays fueled 18% sequential volume growth in our Mid-Continent Region. In this area, gross daily operated production reached more than 85 MMcfe in the Fayetteville and 75 MMcfe in the Woodford, where a combined nine drilling rigs are at work. Our team continues to define our highly prolific Haynesville Shale acreage with four drilling rigs active, and a target of 60 to 70 MMcfe in daily production from this play by year end. Finally, in our Bakken Shale program, the Three Forks/Sanish reservoir continues to raise expectations as three new wells were completed with daily rates above 1,500 barrels of oil equivalent per well. Going forward, our drill bit activities in multiple growth regions, position XTO for double-digit growth."

The average gas price for the second quarter decreased 17% to $7.08 per thousand cubic feet (Mcf) from $8.51 per Mcf in second quarter 2008. The second quarter average oil price was $107.14 per barrel, an 18% increase from last year's second quarter average price of $90.89. Natural gas liquids prices averaged $25.52 per barrel for the quarter, 57% lower than the 2008 quarter average price of $58.87.

For the first six months of 2009, the Company reported earnings of $982 million, or $1.69 per share ($1.68 diluted), compared with earnings of $1.04 billion, or $2.06 per share ($2.03 diluted) for the same 2008 period. Included in year-to-date 2009 earnings is the effect of a $107 million ($69 million after tax) non-cash derivative fair value loss and a $17 million ($11 million after tax) gain on extinguishment of debt. Excluding these non-cash changes, the Company's adjusted earnings were $1.04 billion, or $1.79 per share ($1.78 diluted), up 3% compared to year-to-date 2008 adjusted earnings of $1.01 billion, or $2.00 per share ($1.97 diluted).( )(1) Operating cash flow was $3.00 billion for the first half of 2009, up 31% compared with $2.29 billion for the 2008 period.( )(1) Total revenues for the first six months of 2009 were $4.43 billion, a 23% increase from revenues of $3.61 billion for the same 2008 period. Year-to-date operating income was $1.78 billion, a 3% decrease from $1.83 billion for the first half of 2008.

XTO Energy Inc. is a domestic energy producer engaged in the acquisition, development and discovery of quality, long-lived oil and natural gas properties in the United States.

(1) Adjusted earnings and operating cash flow are non-GAAP financial measures. See the end of this release for further explanation and reconciliation of these measures.

The Company's second quarter 2009 earnings and operational review conference call will be broadcast live via Internet webcast at 12:00 P.M. EDT (11:00 A.M. CDT) on Wednesday, August 5, 2009. The webcast can be accessed on the Companys website at http://www.xtoenergy.com.

Statements made in this news release, including those relating to percentage of expected production hedged in 2009 and 2010, drill-bit growth, growth acceleration, operating cash flow, economic recovery, natural gas supply and demand, daily production levels in the Haynesville Shale by year end, production growth target and future operating efficiencies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the Company's future performance are both subject to a wide range of business risks and uncertainties and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the timing and extent of changes in oil and gas prices, changes in underlying demand for oil and gas, the timing and results of drilling activity, delays in completing production, treatment and transportation facilities, higher than expected production costs and other expenses, pipeline curtailments by thirdparties and general market conditions. Further information on risks and uncertainties is available in the Company's filings with the Securities and Exchange Commission, which are incorporated by this reference as though fully set forth herein.

    XTO ENERGY INC.
    Consolidated Income Statements
     (Unaudited)
    (in millions, except production,
     per share and per unit data)
                                     Three Months Ended    Six Months Ended
                                           June 30,            June 30,
                                     ------------------    ----------------
                                       2009      2008      2009      2008
                                       ----      ----      ----      ----
    REVENUES

      Gas and natural gas liquids     $1,563    $1,473    $3,054    $2,747
      Oil and condensate                 675       424     1,293       803
      Gas gathering, processing and
       marketing                          27        40        81        60
      Other                                8        (1)        6        (1)
                                       -----     -----     -----     -----
      Total Revenues                   2,273     1,936     4,434     3,609
                                       -----     -----     -----     -----
    EXPENSES

      Production                         247       215       503       408
      Taxes, transportation and other    167       194       328       348
      Exploration (a)                     20        14        54        32
      Depreciation, depletion and
       amortization                      783       413     1,482       796
      Accretion of discount in asset
       retirement obligation              10         7        20        14
      Gas gathering and processing        29        24        58        45
      General and administrative (b)      98        89       195       178
      Derivative fair value (gain)
       loss (c)                           21       (26)       15       (42)
                                       -----     -----     -----     -----
      Total Expenses                   1,375       930     2,655     1,779
                                       -----     -----     -----     -----

    OPERATING INCOME                     898     1,006     1,779     1,830
                                       -----     -----     -----     -----

    OTHER EXPENSE

      Interest expense, net (d)          126       102       252       193
                                       -----     -----     -----     -----
    INCOME BEFORE INCOME TAX             772       904     1,527     1,637
                                       -----     -----     -----     -----
    INCOME TAX

      Current (e)                        124       105       242       220
      Deferred                           152       224       303       377
                                       -----     -----     -----     -----
        Total Income Tax Expense         276       329       545       597
                                       -----     -----     -----     -----

    NET INCOME                          $496      $575      $982    $1,040
                                      ======    ======    ======    ======
    EARNINGS PER COMMON SHARE (f)

      Basic                            $0.86     $1.12     $1.69     $2.06
                                      ======    ======    ======    ======
      Diluted                          $0.85     $1.11     $1.68     $2.03
                                      ======    ======    ======    ======

    Average Daily Production

      Gas (Mcf)                    2,351,915 1,795,424 2,290,200 1,751,516
      Natural Gas Liquids (Bbls)      20,723    15,574    19,520    15,774
      Oil (Bbls)                      69,190    51,279    67,419    51,409
      Natural Gas Equivalents
       (Mcfe)                      2,891,394 2,196,538 2,811,835 2,154,612


    Average Sales Prices (g)

      Gas (per Mcf)                    $7.08     $8.51     $7.16     $8.11
      Natural Gas Liquids (per Bbl)   $25.52    $58.87    $24.74    $55.88
      Oil (per Bbl)                  $107.14    $90.89   $105.90    $85.80
      Natural Gas Equivalents
       (per Mcfe)                      $8.50     $9.49     $8.54     $9.05



    XTO ENERGY INC.
    Consolidated Statements of Cash Flows (Unaudited)

    (in millions)                     Three Months Ended   Six Months Ended
                                           June 30,            June 30,
                                     ------------------    ----------------
                                        2009      2008      2009      2008
                                        ----      ----      ----      ----
    OPERATING ACTIVITIES

    Net income                          $496      $575      $982    $1,040
    Adjustments to reconcile net
     income to net cash provided by
     operating activities:
      Depreciation, depletion and
       amortization                      783       413     1,482       796
      Accretion of discount in asset
       retirement obligation              10         7        20        14
      Non-cash incentive compensation     42        32        82        73
      Dry hole expense                    10         1        30         2
      Deferred income tax                152       224       303       377
      Non-cash derivative fair value
       (gain) loss                        28       (35)      107       (49)
      Gain on extinguishment of debt      (8)        -       (17)        -
      Other non-cash items                (9)        -       (14)        4
    Changes in operating assets and
     liabilities (1)                    (633)      (78)    1,338      (161)
                                       -----     -----     -----     -----
    Cash Provided by Operating
     Activities                          871     1,139     4,313     2,096
                                       -----     -----     -----     -----
    INVESTING ACTIVITIES

      Proceeds from sale of property
       and equipment                       -         -         2         -
      Property acquisitions              (54)   (1,760)     (148)   (3,020)
      Development costs, capitalized
       exploration costs
       and dry hole expense             (828)     (769)   (1,904)   (1,536)
      Other property and asset
       additions                        (172)     (198)     (381)     (349)
                                       -----     -----     -----     -----
      Cash Used by Investing
       Activities                     (1,054)   (2,727)   (2,431)   (4,905)
                                       -----     -----     -----     -----
    FINANCING ACTIVITIES

      Proceeds from long-term debt     2,016     4,021     4,131     6,783
      Payments on long-term debt      (1,727)   (2,491)   (5,706)   (5,101)
      Dividends                          (73)      (62)     (142)     (120)
      Debt costs                          (2)      (16)       (2)      (17)
      Net proceeds from common
       stock offerings                     -         -         -     1,224
      Proceeds from exercise of stock
       options and warrants                5         8         6        21
      Payments upon exercise of stock
       options                            (2)       (6)       (2)      (68)
      Excess tax benefit on exercise
       of stock options or vesting of
       stock awards                        4         7         4        64
      Other, primarily (decrease)
       increase in cash overdrafts       (40)       34      (189)       72
                                       -----     -----     -----     -----
      Cash Provided (Used) by
       Financing Activities              181     1,495    (1,900)    2,858
                                       -----     -----     -----     -----
    (DECREASE) INCREASE IN CASH AND
     CASH EQUIVALENTS                     (2)      (93)      (18)       49

    Cash and Cash Equivalents,
     Beginning of Period                   9       142        25         -
                                       -----     -----     -----     -----
    Cash and Cash Equivalents,
     End of Period                        $7       $49        $7       $49
                                      ======    ======    ======    ======
    (1) Changes in Operating Assets
     and Liabilities
        Accounts receivable             $115     $(325)     $373     $(538)
        Other current assets             (23)      (28)      115        11
        Other operating assets and
         liabilities                       1        (2)      (19)        1
        Current liabilities              (22)      277       (85)      365
        Change in current assets from
         early settlement of hedges,
         net of amortization            (704)        -       954         -
                                       -----     -----     -----     -----
                                       $(633)     $(78)   $1,338     $(161)
                                      ======    ======    ======    ======



    XTO ENERGY INC.
    Consolidated Balance Sheets

    (in millions, except shares)                June 30,        December 31,
                                                  2009              2008
                                                  ----              ----
    ASSETS                                     (Unaudited)

    Current Assets:
      Cash and cash equivalents                      $7               $25
      Accounts receivable, net                      850             1,217
      Derivative fair value                       1,312             2,735
      Current income tax receivable                   -                57
      Other                                         178               224
                                                 ------            ------
        Total Current Assets                      2,347             4,258
                                                 ------            ------
    Property and Equipment, at cost -
     successful efforts method:
      Proved properties                          32,840            30,994
      Unproved properties                         3,770             3,907
      Other                                       2,647             2,239
                                                 ------            ------
        Total Property and Equipment             39,257            37,140
      Accumulated depreciation, depletion
       and amortization                          (7,289)           (5,859)
                                                 ------            ------
        Net Property and Equipment               31,968            31,281
                                                 ------            ------
    Other Assets:
      Derivative fair value                         565             1,023
      Acquired gas gathering contracts, net
       of accumulated amortization                  101               105
      Goodwill                                    1,453             1,447
      Other                                         145               140
                                                 ------            ------
        Total Other Assets                        2,264             2,715
                                                 ------            ------
    TOTAL ASSETS                                $36,579           $38,254
                                                =======           =======
    LIABILITIES AND STOCKHOLDERS' EQUITY

    Current Liabilities:
      Accounts payable and accrued liabilities   $1,405            $1,912
      Payable to royalty trusts                      20                13
      Derivative fair value                         236                35
      Deferred income tax payable                   709               940
      Current income tax payable                      9                 -
      Other                                          34                30
                                                 ------            ------
        Total Current Liabilities                 2,413             2,930
                                                 ------            ------
    Long-term Debt                               10,364            11,959
                                                 ------            ------
    Other Liabilities:
      Derivative fair value                           9                 -
      Deferred income taxes payable               5,345             5,200
      Asset retirement obligation                   756               735
      Other                                          92                83
                                                 ------            ------
        Total Other Liabilities                   6,202             6,018
                                                 ------            ------
    Commitments and Contingencies

    Stockholders' Equity:
      Common stock ($.01 par value,
       1,000,000,000 shares authorized,
       585,940,305 and 585,094,847 shares
       issued)                                        6                 6
      Additional paid-in capital                  8,405             8,315
      Treasury stock, at cost (5,801,789 and
       5,563,247 shares)                           (154)             (147)
      Retained earnings                           7,425             6,588
      Accumulated other comprehensive
       income (loss)                              1,918             2,585
                                                 ------            ------
        Total Stockholders' Equity               17,600            17,347
                                                 ------            ------
    TOTAL LIABILITIES AND STOCKHOLDERS'
     EQUITY                                     $36,579           $38,254
                                                =======           =======


    (a) Includes geological and geophysical costs, as well as dry hole costs
        of $10 million in the three-month and $30 million in the six-month
        2009 periods, and $1 million in the three-month and $2 million in the
        six-month 2008 periods.

    (b) Includes non-cash incentive award compensation of $42 million in the
        three-month and $82 million in the six-month 2009 periods, and $32
        million in the three-month and $73 million in the six-month 2008
        periods.

    (c) The derivative fair value (gain) loss comprises the change in fair
        value of the following derivative financial instruments not providing
        effective hedges (in millions):


                                      Three Months Ended   Six Months Ended
                                            June 30,           June 30,
                                      ------------------   ----------------
                                        2009      2008      2009      2008
                                        ----      ----      ----      ----

    Other non-hedge derivatives          $34     $(34)       $36     $(63)
    Ineffective portion of hedge
     derivatives                         (13)       8        (21)      21
                                        ----     ----       ----     ----
    Total derivative fair value
     (gain) loss                         $21     $(26)       $15     $(42)
                                        ====     ====       ====     ====

    (d) Net of capitalized interest of $10 million in the three-month and $23
        million in the six-month 2009 periods, and $8 million in the three-
        month and $15 million in the six-month 2008 periods. Also includes
        gain on extinguishment of debt of $8 million in the three-month
        and $17 million in the six-month 2009 periods.

    (e) The current income tax provision exceeds cash tax expense by the
        benefit realized upon exercise of stock options or vesting of stock
        awards in excess of amounts expensed in the financial statements.
        This benefit, which is recorded in additional paid-in capital, was $5
        million in the three-month and six-month 2009 periods, and $7 million
        in the three-month and $69 million for the six-month 2008 periods.

    (f) The following reconciles earnings and shares used in the computation
        of basic and diluted earnings per common share (in millions, except
        per share data):



                                      Three Months Ended June 30,
                                      --------------------------
                                    2009                       2008
                                    ----                       ----
                                           Earnings                  Earnings
                                             per                        per
                        Earnings   Shares   Share   Earnings  Shares   Share
                        --------   ------  -------- --------  ------ --------
    Total                 $496      579.9             $575     511.1
    Attributable to
     participating
     securities             (4)      (4.6)              (3)     (2.5)
                          ----      -----             ----     -----
    Basic                 $492      575.3   $0.86     $572     508.6   $1.12
                                            =====                      =====
    Effect of dilutive
     securities:
        Stock options        -        2.6                -       6.3
        Warrants             -        1.2                -       1.7
                          ----      -----             ----     -----
    Diluted               $492      579.1   $0.85     $572     516.6   $1.11
                          ====      =====   =====     ====     =====   =====



                                       Six Months Ended June 30,
                                       ------------------------
                                    2009                       2008
                                    ----                       ----
                                           Earnings                  Earnings
                                             per                        per
                        Earnings   Shares   Share   Earnings  Shares   Share
                        --------   ------  -------- --------  ------ --------
    Total                 $982      579.8            $1,040    504.8
    Attributable to
     participating
     securities             (8)      (4.7)               (5)    (2.4)
                          ----      -----              ----    -----
    Basic                 $974      575.1   $1.69    $1,035    502.4   $2.06
                                            =====                      =====
    Effect of dilutive
     securities:
      Stock options          -        2.2                 -      5.8
      Warrants               -        1.1                 -      1.7
                          ----      -----              ----    -----
    Diluted               $974      578.4   $1.68    $1,035    509.9   $2.03
                          ====      =====   =====    ======    =====   =====


        Effective January 1, 2009, we adopted the provisions of FASB Staff
        Position EITF 03-6-1, Determining Whether Instruments Granted in
        Share-Based Payment Transactions are Participating Securities.  As a
        result, we retrospectively adjusted the calculation of our 2008
        earnings per share.  The previously reported earnings per share for
        second quarter 2008 were $1.13 basic and $1.11 diluted and for the six
        months ended June 30, 2008 were $2.07 basic and $2.04 diluted.

    (g) Average sales prices include realized gains and losses upon cash
        settlement of hedge derivatives.

        Realized gains and losses on non-hedge derivatives and on the
        ineffective portion of hedge derivatives are recorded as a component
        of derivative fair value (gain) loss (see (c) above).  These non-hedge
        and ineffective derivative gains and losses are primarily related to
        certain of our crude oil swap agreements that did not qualify for
        hedge accounting, and the timing of entering basis swap agreements and
        designating them as hedges associated with NYMEX swaps. Had realized
        non-hedge and ineffective gains and losses, attributable to second
        quarter and six-month production, been recorded as gas, natural gas
        liquids and oil revenue, the average gas, natural gas liquids and oil
        prices would have been:



                                      Three Months Ended   Six Months Ended
                                           June 30,            June 30,
                                      ------------------   ----------------
                                        2009      2008      2009      2008
                                        ----      ----      ----      ----
    Gas (per Mcf)                      $7.15     $8.45     $7.23     $8.09
    Natural gas liquids (per Bbl)      25.52     59.03     24.74     55.96
    Oil (per Bbl)                     105.73     90.79    110.89     85.74






    Non-GAAP Financial Measures

    Adjusted Earnings

    Adjusted earnings, a non-GAAP financial measure, excludes certain items
    that management believes affect the comparability of operating results.
    The Company discloses adjusted earnings as a useful adjunct to GAAP net
    income because:

        - Management uses adjusted earnings to evaluate the Company's
          operational trends and performance relative to other oil and gas
          producing companies.

        - Adjusted earnings are more comparable to earnings estimates provided
          by securities analysts.

        - Items excluded generally are items whose timing or amount cannot be
          reasonably estimated.  Accordingly, any guidance provided by the
          Company generally excludes information regarding these types of
          items.

    The following reconciles GAAP net income to adjusted earnings:


    (in millions, except per           Three Months Ended  Six Months Ended
     share data)                            June 30,           June 30,
                                       ------------------  ----------------
    (Unaudited)                         2009      2008      2009      2008
                                        ----      ----      ----      ----
    Net income                          $496      $575      $982    $1,040
    Adjustments, net of tax:
      Non-cash derivative fair value
       (gain) loss                        18       (22)       69       (31)
      Gain on extinguishment of debt      (5)        -       (11)        -
                                       -----     -----     -----     -----

    Adjusted earnings                   $509      $553    $1,040    $1,009
                                       =====     =====    ======    ======
    Adjusted earnings per common
     share:
      Basic                            $0.88     $1.08     $1.79     $2.00
                                       =====     =====    ======    ======
      Diluted                          $0.87     $1.06     $1.78     $1.97
                                       =====     =====    ======    ======




    Operating Cash Flow

    Operating cash flow, a non-GAAP financial measure, is defined as cash
    provided by operating activities before changes in operating assets and
    liabilities, exploration expense and significant cash flow effects of
    earnings adjustments.  Because of these adjustments, this cash flow
    statistic is different from cash provided by operating activities, as
    disclosed under GAAP.  Management believes operating cash flow is a better
    liquidity indicator for oil and gas producers because of the adjustments
    made to cash provided by operating activities, explained as follows:

       - Adjustment for changes in operating assets and liabilities eliminates
         fluctuations primarily related to the timing of cash receipts and
         disbursements, which can vary from period-to-period because of
         conditions the Company cannot control (for example, the day of the
         week on which the last day of the period falls), and results in
         attributing cash flow to operations of the period that provided the
         cash flow.

       - Adjustment for exploration expense is to provide an amount comparable
         to operating cash flow for full cost companies and to eliminate the
         effect of a discretionary expenditure that is part of the Company's
         capital budget.

       - Adjustment for the significant cash flow effects of earnings
         adjustments (see "Adjusted Earnings" above) so that operating cash is
         reported on a basis comparable to adjusted earnings.

    Management uses operating cash flow not only for measuring the Company's
    cash flow and liquidity, but also in evaluating the Company against other
    oil and gas producing companies and valuing potential producing property
    acquisitions.

    The following reconciles cash provided by operating activities, the GAAP
    cash flow measure, to operating cash flow:


                                      Three Months Ended  Six Months Ended
                                           June 30,           June 30,
    (in millions)                     ------------------  ----------------
    (Unaudited)                         2009      2008      2009      2008
                                        ----      ----      ----      ----

    Cash Provided by Operating
     Activities                         $871    $1,139    $4,313    $2,096

      Changes in operating assets and
       liabilities                       633        78    (1,338)      161
      Exploration expense,
       excluding dry hole expense         10        13        24        30
                                       -----     -----     -----     -----
    Operating Cash Flow               $1,514    $1,230    $2,999    $2,287
                                      ======    ======    ======    ======

    Cash Flow Margin

    Cash flow margin, a non-GAAP financial measure, is defined as revenues
    less before-tax cash expenses, on a per Mcfe basis.  Management uses cash
    flow margin to evaluate the Company's performance versus the performance
    of other oil and gas producing companies and valuing potential producing
    property acquisitions.

SOURCE XTO Energy Inc.

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BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Scala Hosting is trusted by 50 000 customers from 120 countries and hosting 700 000+ websites. The company has local presence in the United States and Europe and runs an internal R&D department which focuses on changing the status quo in the web hosting industry. Imagine every website owner running their online business on a fully managed cloud VPS platform at an affordable price that's very close to the price of shared hosting. The efforts of the R&D department in the last 3 years made that pos...