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Amdocs Limited Reports Quarterly Revenue of $822 Million, Up 1.2% YoY

Delivers Record Diluted non-GAAP EPS of $2.71 for Fiscal 2012, up 16% YoY, and Diluted GAAP EPS of $2.31

ST. LOUIS, Nov. 6, 2012 /PRNewswire/ -- 

Key highlights:

  • The board of directors has authorized a share repurchase plan allowing the repurchase of up to $500 million of ordinary shares at the company's discretion; this plan has no expiration date and is in addition to the current authorization program, which, as of September 30, 2012, provided up to $203 million of remaining repurchase authority through February 2013; the board of directors also approved $0.13 per share quarterly cash dividend to be paid on January 18, 2013
  • Fourth fiscal quarter revenue of $822 million, compared to the $815-$835 million guidance range. Foreign currency movements negatively affected revenue by approximately $1 million relative to the third fiscal quarter of 2012
  • Fourth fiscal quarter non-GAAP operating income of $137 million; non-GAAP operating margin of 16.6%; GAAP operating income of $114 million
  • Fourth fiscal quarter diluted non-GAAP EPS of $0.70, compared to the $0.66-$0.72 guidance range, excluding amortization of purchased intangible assets and other acquisition related costs and equity-based compensation expense, net of related tax effects
  • Diluted GAAP EPS of $0.60 for the fourth fiscal quarter, compared to the $0.54-$0.62 guidance range
  • Free cash flow of $109 million for the fourth fiscal quarter
  • Twelve-month backlog of $2.79 billion at the end of the fourth fiscal quarter, up $30 million from the end of the third fiscal quarter of 2012
  • Repurchased $106 million of ordinary shares during the fourth fiscal quarter
  • First quarter fiscal 2013 guidance: Expected revenue of approximately $810-$840 million and diluted non-GAAP EPS of $0.68-$0.74, excluding amortization of purchased intangible assets and other acquisition-related costs and approximately $0.06-$0.07 per share of equity-based compensation expense, net of related tax effects. Diluted GAAP EPS is expected to be approximately $0.56-$0.64
  • Fiscal 2013 guidance: Expected revenue growth of 2-5% and non-GAAP diluted earnings per share growth of roughly 5-8%, including the impact of anticipated share repurchase activity over the course of the fiscal year

Amdocs Limited (NYSE: DOX) today reported that for its fiscal quarter ended September 30, 2012, revenue was $822.1 million, up 1.6% sequentially from the third fiscal quarter of 2012 and up 1.2% as compared to last year's fourth fiscal quarter. Net income on a non-GAAP basis was $115.7 million, or $0.70 per diluted share, compared to non-GAAP net income of $111.2 million, or $0.62 per diluted share, in the fourth quarter of fiscal 2011. Non-GAAP net income excludes amortization of purchased intangible assets and other acquisition related costs and equity-based compensation expenses of $17.7 million, net of related tax effects, in the fourth quarter of fiscal 2012 and excludes such amortization and other acquisition related costs and equity-based compensation expenses of $23.8 million, net of related tax effects, in the fourth quarter of fiscal 2011. The Company's GAAP net income for the fourth quarter of fiscal 2012 was $98.0 million, or $0.60 per diluted share, compared to GAAP net income of $87.4 million, or $0.49 per diluted share, in the prior year's fourth fiscal quarter. 

"We concluded fiscal 2012 with another strong quarter, reflecting ongoing stabilization at AT&T, double-digit growth in our emerging markets and consistent operating margin execution.  Underscoring our commitment to returning excess cash, we repurchased an additional $106 million of our ordinary shares in the fourth fiscal quarter, and, as of September 30, 2012, we had acquired a total of 25% of our shares that were outstanding in April 2010. Overall, as a result of good new sales execution, a stable operating margin and our repurchase activity, we grew non-GAAP diluted earnings per share by 16% in fiscal 2012," said Eli Gelman, chief executive officer of Amdocs Management Limited.

Gelman continued, "North American demand trends improved in the fourth quarter, with the region returning to sequential growth.  We believe that announced M&A activity among operators in North America may drive long-term opportunity for Amdocs; however, it also adds some uncertainty to our 2013 outlook as consummation of such deals remains subject to contingencies.  Emerging markets continued to be a source of strength for year-over-year growth and we expect this trend to continue in 2013.  We also achieved stable activity levels in Europe in the fourth quarter to cap a strong fiscal 2012 in the region, although we remain aware of the challenging economic conditions heading in to 2013."

Gelman concluded, "In North America, we are delighted to announce today that Sprint has agreed to expand and extend its managed services relationship with Amdocs through 2021, including the addition of its Virgin Mobile-branded subscribers to the Amdocs platform.  This agreement brings us good long-term visibility with one of our largest customers and we believe represents a true 'win-win' outcome for both Sprint and Amdocs. Similarly, agreements with new and existing customers, such as Globe in the Philippines, TIM Brasil in Latin America and, just announced today, VimpelCom in Russia, should provide for further growth in the emerging markets in fiscal 2013. While the year ahead carries macroeconomic and industry specific risks, we believe we are competitively well positioned to achieve sustained growth in 2013."

Financial Discussion of Fourth Fiscal Quarter Results

Free cash flow was $109 million for the quarter, comprised of cash flow from operations of $152 million less $43 million in net capital expenditures and other.

Twelve-month backlog, which includes anticipated revenue related to contracts, estimated revenue from managed services contracts, letters of intent, maintenance and estimated on-going support activities, was $2.79 billion at the end of the fourth quarter of fiscal 2012. 

Fiscal Year 2012 Results

For the fiscal year ended September 30, 2012, revenue increased by 2.2% to $3.2 billion. Fiscal 2012 net income on a non-GAAP basis was $460.0 million, or $2.71 per diluted share (excluding amortization of purchased intangible assets and other acquisition related costs, gain on sale of investment and equity-based compensation expenses of $68.6 million, net of related tax effects), compared to non-GAAP net income of $434.6  million, or $2.33 per diluted share, in fiscal 2011 (excluding amortization of purchased intangible assets and other acquisition related costs and equity-based compensation expenses of $87.9 million, net of related tax effects). The Company's GAAP net income in fiscal 2012 was $391.4 million, or $2.31 per diluted share, compared to GAAP net income of $346.7 million, or $1.86 per diluted share, in fiscal 2011.

Financial Outlook

Amdocs expects that revenue for the first quarter of fiscal 2013 will be approximately $810-$840 million. Diluted earnings per share on a non-GAAP basis for the first fiscal quarter are expected to be $0.68-$0.74, excluding amortization of purchased intangible assets and other acquisition-related costs and approximately $0.06-$0.07 per share of equity-based compensation expense, net of related tax effects. Amdocs estimates GAAP diluted earnings per share for the first fiscal quarter will be $0.56-$0.64.

Quarterly Cash Dividend Program

On November 6, 2012, the Board approved the quarterly cash dividend payment and set December 31, 2012 as the record date for determining the shareholders entitled to receive the dividend, which is payable on January 18, 2013.

Conference Call Details

Amdocs will host a conference call on November 6, 2012 at 5:00 p.m. Eastern Time to discuss the Company's fourth fiscal quarter results. The call will be carried live on the Internet via the Amdocs website, www.amdocs.com.  

Non-GAAP Financial Measures
This release includes non-GAAP diluted earnings per share and other non-GAAP financial measures, including free cash flow, non-GAAP cost of service, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP interest and other income (expense), net, non-GAAP income taxes, non-GAAP net income, and non-GAAP diluted earnings per share growth. These non-GAAP measures exclude the following items:

  • amortization of purchased intangible assets and other acquisition related costs;
  • gain on sale of investment;
  • equity-based compensation expense; and
  • tax effects related to the above.

These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs' results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs' results of operations in conjunction with the corresponding GAAP measures.

Amdocs believes that the presentation of non-GAAP diluted earnings per share and other financial measures, including free cash flow, non-GAAP cost of service, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes, non-GAAP net income, and non-GAAP diluted earnings per share growth when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business.

For its internal budgeting process and in monitoring the results of the business, Amdocs' management uses financial statements that do not include amortization of purchased intangible assets and other acquisition related costs, gain on sale of investment, equity-based compensation expense and related tax effects. Amdocs' management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of investors exclude these items in reviewing its results and those of its competitors, because the amounts of the items between companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the items.

Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on specific, identified amounts that impact different line items in the Consolidated Statements of Income (including cost of service, research and development, selling, general and administrative, operating income, interest and other income (expense), net, income taxes and net income), it is useful to investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments.

Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.

About Amdocs

For 30 years, Amdocs has ensured service providers' success and embraced their biggest challenges. To win in the connected world, service providers rely on Amdocs to simplify the customer experience, harness the data explosion, stay ahead with new services and improve operational efficiency. The global company uniquely combines a market-leading BSS, OSS and network control product portfolio with value-driven professional services and managed services operations.  With revenue of over $3.2 billion in fiscal 2012, Amdocs and its approximately 20,000 employees serve customers in more than 60 countries.

Amdocs: Embrace Challenge, Experience Success.

For more information, visit Amdocs at www.amdocs.com.

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs ability to grow in the business markets that it serves, Amdocs ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2011 filed on December 8, 2011 and our Form 6-K furnished for the first quarter of fiscal 2012 on February 14, 2012, for the second quarter of fiscal 2012 on May 15, 2012, and for the third quarter of fiscal 2012 on August 16, 2012.

AMDOCS LIMITED

Consolidated Statements of Income

(in thousands, except per share data)

 








Three months ended


Twelve months ended



September 30,


September 30,



2012


2011


2012


2011








Revenue:









License


$          23,966


$           31,543


$     120,443


$     119,237

Service


798,162


780,660


3,126,460


3,058,491



822,128


812,203


3,246,903


3,177,728

Operating expenses:









Cost of license


541


1,099


3,523


2,627

Cost of service


528,998


524,251


2,081,945


2,066,740

Research and development


61,548


58,944


242,063


221,886

Selling, general and administrative


104,814


103,729


424,671


409,465

Amortization of purchased intangible
     assets and other


12,726


19,628


52,229


72,646



708,627


707,651


2,804,431


2,773,364

Operating income


113,501


104,552


442,472


404,364










Interest and other income (expense), net


116


(5,405)


(948)


(8,657)

Income before income taxes


113,617


99,147


441,524


395,707










Income taxes


15,596


11,768


50,153


49,042

Net income


$          98,021


$           87,379


$       391,371


$       346,665

Basic earnings per share


$              0.60


$               0.49


$             2.33


$             1.87

Diluted earnings per share


$              0.60


$               0.49


$             2.31


$             1.86

Basic weighted average number of shares
    outstanding


163,468


178,232


168,275


185,213

Diluted weighted average number of
    shares outstanding


164,689


179,378


169,437


186,559

Cash dividends declared per share


$              0.13


$                    -


$            0.13


$                 -

 

AMDOCS LIMITED

Selected Financial Metrics

(in thousands, except per share data)








Three months ended


Twelve months ended



September 30,


September 30,



2012


2011


2012


2011










Revenue


$          822,128


$         812,203


$    3,246,903


$      3,177,728










Non-GAAP operating income


136,673


133,883


538,130


513,641










Non-GAAP net income


115,684


111,187


459,998


434,580










Non-GAAP diluted earnings per share


$               0.70


$               0.62


$             2.71


$               2.33










Diluted weighted average number of
    shares outstanding


164,689


179,378


169,437


186,559

 

AMDOCS LIMITED

Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP

(in thousands)




Three months ended

September 30, 2012



Reconciliation items



GAAP

Amortization of purchased intangible assets and other

Equity based compensation expense

Tax   
effect

 

Non-GAAP

Operating expenses:






Cost of license

$         541

$                 -

$             -

$             -

$           541

Cost of service

528,998

-

(5,265)

-

523,733

Research and development

61,548

-

(1,039)

-

60,509

Selling, general and administrative

104,814

-

(4,142)

-

100,672

Amortization of purchased intangible
     assets and other

12,726

(12,726)

-

-

-

Total operating expenses

708,627

(12,726)

(10,446)

-

685,455







Operating income

113,501

12,726

10,446

-

136,673







Income taxes

15,596

-

-

5,509

21,105







Net income

$  98,021

$ 12,726

$ 10,446

$ (5,509)

$    115,684














Three months ended

September 30, 2011



Reconciliation items



GAAP

Amortization of purchased intangible assets and other

Equity based compensation expense

Tax    effect

 

Non-GAAP

Operating expenses:






Cost of license

$      1,099

$                 -

$             -

$             -

$        1,099

Cost of service

524,251

-

(4,718)

-

519,533

Research and development

58,944

-

(714)

-

58,230

Selling, general and administrative

103,729

-

(4,271)

-

99,458

Amortization of purchased intangible
     assets and other

19,628

(19,628)

-

-

-

Total operating expenses

707,651

(19,628)

(9,703)

-

678,320







Operating income

104,552

19,628

9,703

-

133,883







Income taxes

11,768

-

-

5,523

17,291







Net income

$  87,379

$ 19,628

$ 9,703

$ (5,523)

$    111,187













AMDOCS LIMITED

Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP

(in thousands)





Twelve months ended

September 30, 2012




Reconciliation items



GAAP

Amortization of purchased intangible assets and other

Equity based compensation expense

Gain on sale of
investment

Tax     effect

 

Non-GAAP

Operating expenses:







Cost of license

$     3,523

$                 -

$                 -

$                 -

$             -

$      3,523

Cost of service

2,081,945

-

(22,641)

-

-

2,059,304

Research and development

242,063

-

(4,320)

-

-

237,743

Selling, general and administrative

424,671

-

(16,468)

-

-

408,203

Amortization of purchased intangible 
      assets and other

52,229

(52,229)

-

-

-

-

Total operating expenses

2,804,431

(52,229)

(43,429)

-

-

2,708,773








Operating income

442,472

52,229

43,429

-

-

538,130








Interest and other expense, net

948

-

-

6,270

-

7,218








Income taxes

50,153

-

-

-

20,761

70,914








Net income

$ 391,371

$       52,229

$       43,429

$       (6,270)

$(20,761)

$ 459,998

















Twelve months ended

September 30, 2011




Reconciliation items



GAAP

Amortization of purchased intangible assets and other

Equity based compensation expense

Tax    effect

 

Non-GAAP

Operating expenses:






Cost of license

$      2,627

$                 -

$                 -

$             -

$      2,627

Cost of service

2,066,740

-

(14,641)

-

2,052,099

Research and development

221,886

-

(2,701)

-

219,185

Selling, general and administrative

409,465

-

(19,289)

-

390,176

Amortization of purchased intangible
    assets and other

72,646

(72,646)

-

-

-

Total operating expenses

2,773,364

(72,646)

(36,631)

-

2,664,087







Operating income

404,364

72,646

36,631

-

513,641







Income taxes

49,042

-

-

21,362

70,404







Net income

$  346,665

$       72,646

$       36,631

$(21,362)

$ 434,580













 

AMDOCS LIMITED

Condensed Consolidated Balance Sheets

(in thousands)





As of



September 30, 


September 30,



2012


2011

ASSETS










Current assets





Cash, cash equivalents and short-term interest-bearing investments


$      1,118,177


$      1,173,470

Accounts receivable, net, including unbilled of $130,697 and $72,048,
    respectively


687,223


565,853

Deferred income taxes and taxes receivable


109,282


112,656

Prepaid expenses and other current assets


126,388


127,341

    Total current assets


2,041,070


1,979,320






Equipment and leasehold improvements, net


277,907


258,402

Goodwill and other intangible assets, net


1,883,064


1,933,154

Other noncurrent assets


443,182


465,696

Total assets


$      4,645,223


$      4,636,572






LIABILITIES AND SHAREHOLDERS' EQUITY










Current liabilities





Accounts payable, accruals and other


$      690,823


$      594,603

Short-term financing arrangements


200,000


250,000

Deferred revenue


145,184


151,423

Deferred income taxes and taxes payable


29,551


15,180

    Total current liabilities


1,065,558


1,011,206






Other noncurrent liabilities


546,463


602,065

Shareholders' equity


3,033,202


3,023,301

Total liabilities and shareholders' equity


$      4,645,223


$      4,636,572

 

AMDOCS LIMITED

Consolidated Statements of Cash Flows

(in thousands)






Year ended September 30,



2012


2011






Cash Flow from Operating Activities:





Net income


$             391,371


$             346,665

Reconciliation of net income to net cash provided by operating activities:





    Depreciation and amortization


159,614


181,477

    Equity-based compensation expense


43,429


36,631

    Deferred income taxes


(4,857)


1,252

Excess tax benefit from equity-based compensation


(181)


(178)

Gain on sale of investments


(9,172)


-

    Loss from short-term interest-bearing investments


3,041


1,386

Net changes in operating assets and liabilities, net of amounts acquired:





    Accounts receivable, net


(106,551)


38,062

    Prepaid expenses and other current assets


1,601


(10,741)

    Other noncurrent assets


19,734


(15,807)

    Accounts payable, accrued expenses and accrued personnel


60,200


(46,976)

    Deferred revenue


(55,811)


(34,444)

    Income taxes payable, net


14,305


27,289

    Other noncurrent liabilities


(2,654)


10,876

Net cash provided by operating activities


514,069


535,492






Cash Flow from Investing Activities:





Payments for purchase of equipment and leasehold improvements, net


(122,053)


(109,779)

Proceeds from sale of short-term interest-bearing investments


440,145


591,147

Purchase of short-term interest-bearing investments


(337,989)


(521,999)

Net cash paid for acquisitions


-


(162,964)

Cash received from sale of investments


11,172


-

Other


(8,564)


(18,076)

Net cash used in investing activities


(17,289)


(221,671)






Cash Flow from Financing Activities:





Borrowings under financing arrangements


200,000


250,000

Payments under financing arrangements


(250,000)


(200,000)

Repurchase of shares


(484,608)


(624,241)

Proceeds from employee stock options exercised


86,674


56,474

Payments under capital lease, short-term financing arrangements and other


(1,059)


(878)

Net cash used in financing activities


(448,993)


(518,645)






Net increase (decrease) in cash and cash equivalents


47,787


(204,824)

Cash and cash equivalents at beginning of period


831,371


1,036,195

Cash and cash equivalents at end of period


$             879,158


$             831,371






 

AMDOCS LIMITED

Supplementary Information

(in millions)






Three months ended



September 30,
2012


June 30,
2012


March 31,
2012


December 31,
2011


September 30,
2011

North America


$      570.4


$      558.7


$      563.2


$      573.8


$      585.1

Europe


113.1


106.5


111.8


110.3


102.0

Rest of World


138.6


143.6


133.9


122.9


125.1

Total Revenue


$      822.1


$      808.8


$      808.9


$      807.0


$      812.2

 



Three months ended



September 30,
2012


June 30,
2012


March 31,
2012


December 31,
2011


September 30,
2011

Emerging Markets

 Revenue


$      99.9


$      101.7


$      89.4


$      82.5


$      79.5

 



Three months ended



September 30,
2012


June 30,
2012


March 31,
2012


December 31,
2011


September 30,
2011

Managed Services
 Revenue


$      423.7


$      426.8


$      414.4


$      419.7


$      384.8





Three months ended



September 30,
2012


June 30,
2012


March 31,
2012


December 31,
2011


September 30,
2011

Customer Experience
 Systems


$      783.1


$      766.2


$      758.9


$      758.0


$      764.6

Directory


39.0


42.6


50.0


49.0


47.6

Total Revenue


$      822.1


$      808.8


$      808.9


$      807.0


$      812.2


 



As of



September 30,
2012


June 30,
2012


March 31,
2012


December 31,
2011


September 30,
2011


12-Month Backlog


$      2,790


$      2,760


$      2,725


$      2,690


$      2,670


 

SOURCE Amdocs

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Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
SYS-CON Events announced today that Adobe has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of co...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.