|By Marketwired .||
|November 6, 2012 07:00 AM EST||
LAKE SUCCESS, NY -- (Marketwire) -- 11/06/12 -- Broadridge Financial Solutions, Inc. (NYSE: BR) today reported financial results for the first quarter of its fiscal year 2013. For the three months ended September 30, 2012, the Company reported revenues of $496 million, GAAP net earnings from continuing operations of $18 million, Non-GAAP net earnings from continuing operations of $22 million, GAAP diluted earnings per share from continuing operations of $0.14, and Non-GAAP diluted earnings per share from continuing operations of $0.18. This compares with revenues of $476 million, GAAP net earnings from continuing operations of $17 million, Non-GAAP net earnings from continuing operations of $23 million, GAAP diluted earnings per share from continuing operations of $0.13, and Non-GAAP diluted earnings per share from continuing operations of $0.18 for the three months ended September 30, 2011.
Our fiscal year 2013 Non-GAAP results exclude the impact of Acquisition Amortization and Other Costs and Penson Worldwide, Inc. ("Penson") Charges, net. In addition, our fiscal year 2012 Non-GAAP results also exclude the impact of IBM Migration costs. The significant Non-GAAP adjustments to our results are described in more detail below.
Commenting on the results, Richard J. Daly, Chief Executive Officer, said, "Overall, I am satisfied with our first quarter results. For the quarter, our recurring revenues grew 3% and recurring revenue closed sales were down approximately 30% compared with last year. There were no recurring revenue closed sales from transactions of greater than $5 million and our recurring revenue closed sales of less than $5 million grew by approximately 8%. Our pipeline for all sales -- large and small -- is strong. Due to the seasonal nature of our business, our first quarter makes the smallest quarterly contribution to our annual results." Mr. Daly concluded, "We expect to achieve our full year guidance as a result of our strong sales pipeline, 99% client revenue retention rate, and overall momentum driven by our leading brand and growing product strength."
Financial Results for First Quarter Fiscal Year 2013
For the first quarter of fiscal year 2013, recurring and total revenues increased 3% and 4% to $311 million and $496 million, respectively, compared to $302 million and $476 million for the comparable period last year. The increase was driven by a positive contribution from recurring fee revenues of approximately $9 million including net new business (defined as closed sales less client losses) and a slight improvement in event-driven fee revenues, coupled with $8 million of higher distribution revenues. GAAP earnings from continuing operations before income taxes margins of 5.8% increased compared to 5.5% for the same period last year. Non-GAAP earnings from continuing operations before income taxes margins were 7.0%, compared to 7.5% for the same period last year.
For the first quarter of fiscal year 2013, GAAP net earnings from continuing operations of $18 million increased 10%, compared to $17 million for the same period last year. Non-GAAP net earnings from continuing operations were $22 million, compared to $23 million for the same period last year. GAAP diluted earnings per share from continuing operations increased to $0.14 per share, compared to $0.13 per share in the first quarter of fiscal year 2012. Non-GAAP diluted earnings per share from continuing operations were $0.18 per share compared to $0.18 per share for the same period last year.
During the first quarter of fiscal year 2013, the Company opportunistically repurchased approximately 3.2 million shares of Broadridge common stock under its stock repurchase plans at an average price of $23.61 per share. Approximately 6.7 million shares remain available under the Company's current stock repurchase plans as of September 30, 2012.
Analysis of First Quarter Fiscal Year 2013
Investor Communication Solutions
Recurring and total revenues for the Investor Communication Solutions segment increased 9% and 8% to $157 million and $339 million, respectively, in the first quarter of fiscal year 2013 compared to the first quarter of fiscal year 2012. Higher recurring and event-driven fee revenues contributed $14 million and $5 million, respectively, coupled with an $8 million increase in distribution revenues. The positive contribution from recurring fee revenues was driven primarily by net new business and internal growth. Operating margin increased by 530 basis points to 8.0% as a result of higher fee and distribution revenues and cost containment efforts.
Securities Processing Solutions
Total revenues (which are all considered recurring) for the Securities Processing Solutions segment decreased 3% to $154 million in the first quarter of fiscal year 2013 compared to the first quarter of fiscal year 2012. The decrease was primarily driven by lower trade volumes coupled with the decline in revenue resulting from the new outsourcing services contract with Apex Clearing Corporation ("Apex") replacing the terminated outsourcing services contract with Penson, mostly offset by growth from net new business and the impact of the Paladyne acquisition. Operating margin decreased by 1150 basis points to 6.1% primarily as a result of revenue mix and an increase in systems investments.
The pre-tax loss from continuing operations for the Other segment decreased by $1 million to $12 million in the first quarter of fiscal year 2013 compared to the first quarter of fiscal year 2012. The decreased loss was primarily due to decreased IBM Migration costs slightly offset by increased interest expense on borrowings.
Fiscal Year 2013 Financial Guidance
We are reaffirming our full year guidance. We anticipate recurring revenue growth in the range of 4% to 7% and total revenue growth in the range of 3% to 4%, GAAP earnings from continuing operations before income taxes margins in the range of 13.8% to 14.4%, and Non-GAAP earnings from continuing operations before income taxes margins in the range of 15.1% to 15.7%.
We anticipate GAAP diluted earnings per share from continuing operations in the range of $1.60 to $1.70, and Non-GAAP diluted earnings per share from continuing operations in the range of $1.76 to $1.86, based on diluted weighted-average shares outstanding of approximately 128 million shares. Our free cash flow guidance is expected to be in the range of approximately $200 million to $250 million. Our recurring revenue closed sales guidance is expected to be in the range of $110 million to $150 million.
Our Non-GAAP earnings guidance excludes the projected impact of Acquisition Amortization and Other Costs and Penson Charges, net. The Non-GAAP pre-tax earnings margins and diluted earnings per share guidance ranges increased from our previously provided guidance as a result of the exclusion of the impact of Acquisition Amortization and Other Costs which was not excluded in the previous guidance. Our guidance does not take into consideration the effect of any future acquisitions, additional debt or share repurchases.
Description of Non-GAAP Adjustments:
In certain circumstances, results have been presented that are not generally accepted accounting principles measures ("Non-GAAP") and should be viewed in addition to, and not as a substitute for, the Company's reported results. Net earnings, diluted earnings per share and pre-tax earnings margins excluding Acquisition Amortization and Other Costs and Penson Charges, net are Non-GAAP measures. These measures are adjusted to exclude costs incurred by the Company in connection with amortization and other charges associated with the Company's acquisitions, and the termination of the Penson outsourcing services agreement, as Broadridge believes this information helps investors understand the effect of these items on reported results and provides a better representation of our actual performance. Free cash flow is a Non-GAAP measure and is defined as cash flow from operating activities, less capital expenditures and purchases of intangibles. Management believes this Non-GAAP measure provides investors with a more complete understanding of Broadridge's underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. Accompanying this release is a reconciliation of Non-GAAP measures to the comparable GAAP measures.
Acquisition Amortization and Other Costs
Acquisition Amortization and Other Costs represents amortization charges associated with intangible asset values as well as other deal costs associated with the Company's acquisitions. Our Non-GAAP results exclude the impact of the costs the Company incurred in connection with acquisitions. The Acquisition Amortization and Other Costs are recorded in our Cost of revenues in the Consolidated Statements of Earnings for the three months ended September 30, 2012 and 2011, respectively.
Penson Charges, net
For the fiscal quarter ended September 30, 2012, there were $1 million in pre-tax charges primarily related to transition costs as a result of the termination of the outsourcing services agreement with Penson including shutdown costs associated with the transfer of our subsidiary to Apex. The Penson Charges are recorded in our Other segment and Other expenses, net in the Consolidated Statements of Earnings for the quarter ended September 30, 2012.
IBM Migration Costs
In March 2010, Broadridge entered into an Information Technology Services Agreement with International Business Machines ("IBM") under which IBM provides us with certain aspects of our information technology infrastructure. Our Non-GAAP results exclude the impact of the costs the Company incurred in connection with the migration of our data center to IBM (the "Migration"). The Migration costs are recorded in our Other segment and Cost of revenues in the Consolidated Statements of Earnings for the three months ended September 30, 2012 and 2011, respectively. The more significant mainframe Migration was successfully completed at the end of our 2012 fiscal year resulting in a pre-tax charge of $25 million. The remaining aspects of the Migration were fully completed on August 26, 2012.
Earnings Conference Call
An analyst conference call will be held today, Tuesday, November 6th at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the webcast and view the slide presentation, go to www.broadridge-ir.com and click on the webcast icon. The presentation will be available to download and print approximately 30 minutes before the webcast on the Broadridge Investor Relations home page at www.broadridge-ir.com. Broadridge's news releases, current financial information, SEC filings and Investor Relations presentations are accessible on the same website.
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $4.5 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com.
This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words like "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be" and other words of similar meaning, are forward-looking statements. In particular, information appearing in the "Fiscal Year 2013 Financial Guidance" section are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2012 (the "2012 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2012 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; Broadridge's reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge's services with favorable pricing terms; changes in laws and regulations affecting the investor communication services provided by Broadridge; declines in participation and activity in the securities markets; overall market and economic conditions and their impact on the securities markets; any material breach of Broadridge security affecting its clients' customer information; the failure of Broadridge's outsourced data center services provider to provide the anticipated levels of service; any significant slowdown or failure of Broadridge's systems or error in the performance of Broadridge's services; Broadridge's failure to keep pace with changes in technology and demands of its clients; Broadridge's ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and competitive conditions. Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
Broadridge Financial Solutions, Inc. Condensed Consolidated Statements of Earnings (In millions, except per share amounts) (Unaudited) Three Months Ended September 30, ------------------- 2012 2011 --------- --------- Revenues $ 495.8 $ 476.4 --------- --------- Cost of revenues 390.0 382.8 Selling, general and administrative expenses 72.9 64.7 Other expenses, net 4.3 2.7 --------- --------- Total expenses 467.2 450.2 --------- --------- Earnings from continuing operations before income taxes 28.6 26.2 Provision for income taxes 10.3 9.5 --------- --------- Net earnings from continuing operations 18.3 16.7 Loss from discontinued operations, net of tax benefit -- -- --------- --------- Net earnings $ 18.3 $ 16.7 --------- --------- Basic earnings per share: Basic earnings per share from continuing operations $ 0.15 $ 0.14 Basic earnings per share from discontinued operations -- -- --------- --------- Basic earnings per share $ 0.15 $ 0.14 --------- --------- Diluted earnings per share: Diluted earnings per share from continuing operations $ 0.14 $ 0.13 Diluted earnings per share from discontinued operations -- -- --------- --------- Diluted earnings per share $ 0.14 $ 0.13 --------- --------- Weighted-average shares outstanding: Basic 124.0 123.7 Diluted 127.1 126.7 Dividends declared per common share $ 0.18 $ 0.16 Broadridge Financial Solutions, Inc. Condensed Consolidated Balance Sheets (In millions, except per share amounts) (Unaudited) September 30, June 30, 2012 2012 ------------- ------------ Assets Current assets: Cash and cash equivalents $ 211.8 $ 320.5 Accounts receivable, net of allowance for doubtful accounts of $6.5 and $6.5, respectively 321.4 370.7 Other current assets 87.7 86.2 ------------- ------------ Total current assets 620.9 777.4 Property, plant and equipment, net 76.3 79.0 Goodwill 781.8 780.0 Intangible assets, net 135.2 143.3 Other non-current assets 216.3 207.9 ------------- ------------ Total assets $ 1,830.5 $ 1,987.6 ------------- ------------ Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 88.9 $ 102.2 Accrued expenses and other current liabilities 174.1 260.6 Deferred revenues 50.6 47.5 ------------- ------------ Total current liabilities 313.6 410.3 Long-term debt 524.4 524.4 Deferred taxes 61.1 63.2 Deferred revenues 36.9 38.3 Other non-current liabilities 105.0 100.9 ------------- ------------ Total liabilities 1,041.0 1,137.1 ------------- ------------ Commitments and contingencies Stockholders' equity: Preferred stock: Authorized, 25.0 shares; issued and outstanding, none -- -- Common stock, $0.01 par value: Authorized, 650.0 shares; issued, 153.4 and 152.9 shares, respectively; outstanding, 122.1 and 124.8 shares, respectively 1.5 1.5 Additional paid-in capital 753.3 739.4 Retained earnings 682.5 686.1 Treasury stock, at cost: 31.3 and 28.1 shares, respectively (656.1) (580.0) Accumulated other comprehensive income 8.3 3.5 ------------- ------------ Total stockholders' equity 789.5 850.5 ------------- ------------ Total liabilities and stockholders' equity $ 1,830.5 $ 1,987.6 ------------- ------------ Broadridge Financial Solutions, Inc. Segment Results (In millions) (Unaudited) Revenues --------------------------------- Three Months Ended September 30, 2012 2011 ---------------- ---------------- Investor Communication Solutions $ 339.5 $ 313.0 Securities Processing Solutions 153.9 158.4 Other -- -- Foreign exchange 2.4 5.0 Total $ 495.8 $ 476.4 Earnings (Loss) from Continuing Operations before Income Taxes ---------------------------------- Three Months Ended September 30, 2012 2011 ---------------- ----------------- Investor Communication Solutions $ 27.2 $ 8.4 Securities Processing Solutions 9.4 27.8 Other (11.9) (12.9) Foreign exchange 3.9 2.9 Total $ 28.6 $ 26.2 Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures (In millions, except per share amounts) Earnings from Continuing Operations before Income Taxes ------------------------ Three Months Ended September 30, 2012 2011 ----------- ----------- Adjusted Earnings from Continuing Operations before Income Taxes (Non-GAAP) $ 34.8 $ 35.7 Acquisition Amortization and Other Costs (5.5) (6.3) Penson Charges, net (0.7) -- IBM Migration costs -- (3.2) Earnings from Continuing Operations before Income Tax (GAAP) $ 28.6 $ 26.2 Pre-tax Earnings Margins (Non-GAAP) 7.0% 7.5% Pre-tax Earnings Margins (GAAP) 5.8% 5.5% Net Earnings from Continuing Operations ------------------------ Three Months Ended September 30, 2012 2011 ----------- ----------- Adjusted Net Earnings from Continuing Operations (Non-GAAP) $ 22.3 $ 22.8 Acquisition Amortization and Other Costs, net of taxes (3.5) (4.1) Penson Charges, net, net of taxes (0.5) -- IBM Migration Costs -- (2.0) Net Earnings from Continuing Operations (GAAP) $ 18.3 $ 16.7 Diluted Earnings Per Share from Continuing Operations ------------------------ Three Months Ended September 30, 2012 2011 ----------- ----------- Adjusted Diluted Earnings Per Share from Continuing Operations (Non-GAAP) $ 0.18 $ 0.18 Acquisition Amortization and Other Costs (0.03) (0.03) Penson Charges, net (0.01) -- IBM Migration costs -- (0.02) Diluted Earnings Per Share from Continuing Operations (GAAP) $ 0.14 $ 0.13 Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures EBIT from Continuing Operations Reconciliation (In millions, except per share amounts) Q1 FY13 FY13 Guidance Range Actual Low High ------- ------- ------- EBIT (Non-GAAP) $ 33 $ 353 $ 377 EBIT Margins (Non-GAAP) 6.6% 14.9% 15.7% Acquisition Amortization and Other Costs 6 22 22 Interest and Other (3) (17) (21) Total EBT (Non-GAAP) 35 358 378 EBT Margins (Non-GAAP) 7.0% 15.1% 15.7% Acquisition Amortization and Other Costs (6) (22) (22) Penson Charges, net (1) (10) (10) Total EBT (GAAP) 29 326 346 Margins (GAAP) 5.8% 13.8% 14.4% NOTE: Amounts in this table may not sum to totals due to rounding. Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures Fiscal Year 2013 Guidance (In millions, except per share amounts) FY13 Guidance Range (a) Low High --------- --------- Adjusted Earnings from Continuing Operations before Income Taxes (Non-GAAP) $ 358 $ 378 Acquisition Amortization and Other Costs (22) (22) Penson Charges, net (10) (10) Earnings from Continuing Operations before Income Taxes (GAAP) $ 326 $ 346 Pre-tax Earnings Margins (Non-GAAP) 15.1% 15.7% Pre-tax Earnings Margins (GAAP) 13.8% 14.4% FY13 Guidance Range (a) Low High --------- --------- Adjusted Diluted EPS from Continuing Operations (Non- GAAP) $ 1.76 $ 1.86 Acquisition Amortization and Other Costs (0.11) (0.11) Penson Charges, net (0.05) (0.05) Diluted EPS from Continuing Operations (GAAP) $ 1.60 $ 1.70 (a) Guidance does not take into consideration the effect of any future acquisitions, additional debt and/or share repurchases. Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures Free Cash Flow (In millions) Q1 FY13 FY13 Guidance Range (a) Actual Low High ------- --------- --------- Net Earnings from Continuing Operations (GAAP) $ 18 $ 205 $ 218 Depreciation and amortization (includes other LT assets) 25 95 105 Stock-based compensation expense 5 31 31 Other (1) (5) 5 Subtotal 47 326 359 Working capital changes (49) (15) (15) Long-term assets & liabilities changes (14) (60) (50) Net cash flow (used in) provided by continuing operating activities (16) 251 294 Cash Flows From Investing Activities Capital expenditures and software purchases (8) (55) (45) Free cash flow (Non-GAAP) $ (24) $ 196 $ 249 (a) Guidance does not take into consideration the effect of any future acquisitions, additional debt and/or share repurchases.
Broadridge Financial Solutions, Inc.
Director, Investor Relations
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
May. 5, 2016 04:00 PM EDT Reads: 755
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
May. 5, 2016 03:45 PM EDT Reads: 703
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
May. 5, 2016 02:45 PM EDT Reads: 1,057
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 5, 2016 02:30 PM EDT Reads: 1,482
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
May. 5, 2016 01:45 PM EDT Reads: 749
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
May. 5, 2016 01:30 PM EDT Reads: 575
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 5, 2016 12:30 PM EDT Reads: 1,313
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
May. 5, 2016 12:30 PM EDT Reads: 1,349
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
May. 5, 2016 10:15 AM EDT Reads: 1,566
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 5, 2016 10:15 AM EDT Reads: 1,020
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 5, 2016 10:00 AM EDT Reads: 1,462
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
May. 5, 2016 09:30 AM EDT Reads: 1,487
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
May. 5, 2016 09:00 AM EDT Reads: 1,275
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
May. 5, 2016 08:45 AM EDT Reads: 1,392
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
May. 5, 2016 06:00 AM EDT Reads: 1,354
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
May. 5, 2016 02:00 AM EDT Reads: 1,323
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
May. 5, 2016 12:45 AM EDT Reads: 1,414
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
May. 5, 2016 12:00 AM EDT Reads: 1,236
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
May. 4, 2016 11:45 PM EDT Reads: 1,287
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
May. 3, 2016 12:15 PM EDT Reads: 1,653