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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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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...

"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...
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...
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.
“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.
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...
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 ...