Welcome!

.NET Authors: Srinivasan Sundara Rajan, Adine Deford, David Fletcher, Pat Romanski, Suresh Sambandam

News Feed Item

Broadridge Reports First Quarter 2013 Results

Reaffirms Full Year Guidance; Repurchased 3.2 Million Shares

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.

Other
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:

Non-GAAP Measures

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.

About Broadridge

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.

Forward-Looking Statements

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.

Contact Information
Investors:
David Ng
Broadridge Financial Solutions, Inc.
Director, Investor Relations
(516) 472-5491

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...