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Matson, Inc. Announces Third Quarter 2012 EPS Of $0.45

- Ocean transportation revenues up 9.1% year over year

HONOLULU, Nov. 7, 2012 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $19.1 million, or $0.45 per diluted share for the third quarter ended September 30, 2012[1]. Net income for the third quarter ended September 30, 2011 was $8.7 million, or $0.21 per diluted share. Consolidated revenue for the third quarter 2012 was $401.4 million compared with $380.6 million reported for the third quarter 2011.

(Logo: http://photos.prnewswire.com/prnh/20120605/SF19690LOGO)

Operating income was $34.2 million for the third quarter 2012, compared to $30.9 million for third quarter 2011. However, operating income was negatively impacted in the third quarter 2012 by expense of $0.3 million associated with the Company's separation from A&B; and in the third quarter 2011 by expense of $6.1 million associated with the shutdown of the Company's CLX2 service. Net of these expenses, operating income decreased $2.5 million in the third quarter 2012 from the prior year period.

Matt Cox, Matson's President and Chief Executive Officer commented, "Matson reported another steady quarter, with results mixed by trade lane. We saw continued rate and volume strength in our expedited service from China, continued strong Guam volume and modest volume improvement in our Hawaii trade. These gains, while encouraging, were largely offset by increased expenses primarily associated with vessel and barge dry-docking during the quarter."  

Cox continued, "The hallmarks of the Matson brand – superior customer service, financial stability and solid delivery reliability – have been earned over a century. Our balance sheet strength and strong cash flow generation support a strong dividend while providing ample capacity for future investments in our people, our businesses and new markets."

For the first nine months of 2012, Matson reported net income of $30.3 million, or $0.71 per diluted share.  Net income for the first nine months of 2011 was $32.6 million, or $0.77 per diluted share.  Consolidated revenue for the first nine months of 2012 was $1,161.7 million compared with $1,087.7 million reported for the first nine months of 2011.

Operating income for the first nine months of 2012 was $72.8 million compared with $66.8 million in the first nine months of 2011. However, operating income was negatively impacted in the first nine months of 2012 by expenses of $8.6 million associated with the Company's separation from A&B and $0.5 million related to the shutdown of the Company's CLX2 service. In the first nine months of 2011, operating income was negatively impacted by $6.1 million of expenses associated with the shutdown of the Company's CLX2 service. Net of these expenses, operating income increased $9.0 million in the first nine months of 2012 from the prior year period.

By Segment

Ocean Transportation – Three months ended September 30, 2012 compared with 2011

 



Three Months Ended September 30

(Dollars in millions)


2012



2011


Change

Revenue


$

307.1



$

281.4


9.1%


Operating income1


$

32.9



$

28.9


13.8%


Operating income margin



10.7%




10.3%




Volume (units)2











Hawaii containers



35,700




35,400


0.8%


Hawaii automobiles



22,200




19,700


12.7%


China containers



17,100




15,400


11.0%


Guam containers



6,500




3,400


91.2%


    

1.

The Company incurred additional costs related to the shutdown of CLX2  that did not meet the criteria to be classified as discontinued operations of approximately $6.1 million for the three months ended September 30, 2011 and therefore reduced operating income by that amount.   Costs related to the shutdown of CLX2 included in Income from Continuing Operations during the three months ended September 30, 2012 were immaterial.

2.

Approximate container volumes included for the period are based on the voyage departure date, but revenue and operating income are adjusted to reflect the percentage of revenue and operating income earned during the reporting period for voyages that straddle the beginning or end of each reporting period.

Ocean transportation revenue increased $25.7 million, or 9.1 percent, during the three months ended September 30, 2012 compared with the three months ended September 30, 2011. The increase was due principally to net volume growth, driven primarily by the exit of a major competitor from the Guam trade in mid-November 2011, increases in China trade freight rates and volume, partially offset by lower fuel surcharges resulting from lower fuel prices.

Container volume increased in all of the Company's trades in the three months ended September 30, 2012 compared with the three months ended September 30, 2011: Hawaii container volume increased 0.8 percent due principally to a modest increase in demand; Hawaii automobile volume increased 12.7 percent due primarily to the timing of automobile rental fleet replacement; China container volume increased 11.0 percent due primarily to an additional sailing; Guam volume increased by 91.2 percent due to gains related to the departure of a major competitor from the trade in mid-November 2011.

Ocean transportation operating income increased $4.0 million, or 13.8 percent, during the three months ended September 30, 2012 compared with the three months ended September 30, 2011. However, net of expense related to separation and shutdown of CLX2, operating income decreased by $1.8 million, or 5.1 percent. The decrease in operating income was principally due to increased costs related to vessel and barge dry-docking, higher outside transportation costs due to increased activity in the Guam trade, higher vessel expenses and higher general and administrative expenses. These increases were partially offset by higher volume in the Guam trade and increased freight rates and volume in the China trade. 

The Company's SSAT joint venture contributed $0.7 million to operating income during the third quarter ended September 30, 2012 compared with $2.8 million reported for the same period last year. The decline is primarily due to the loss of volume from several major customers.

Ocean Transportation – Nine months ended September 30, 2012 compared with 2011

 



Nine Months Ended September 30

(Dollars in millions)


2012



2011


Change


Revenue


$

886.1



$

794.1


11.6%


Operating income1


$

69.9



$

61.2


14.2%


Operating income margin



7.9%




7.7%




Volume (units)2











Hawaii containers



102,100




105,000


(2.8%)


Hawaii automobiles



60,000




61,300


(2.1%)


China containers



46,000




43,200


6.5%


Guam containers



19,000




10,100


88.1%


    

1.

The Company incurred additional costs related to the shutdown of CLX2 that did not meet the criteria to be classified as discontinued operations of approximately $0.5 million and $6.1 million and therefore reduced operating income for the nine months ended September 30, 2012 and 2011, respectively. 

2.

Approximate container volumes included for the period are based on the voyage departure date, but revenue and operating income are adjusted to reflect the percentage of revenue and operating income earned during the reporting period for voyages that straddle the beginning or end of each reporting period.

Ocean transportation revenue increased $92.0 million, or 11.6 percent, in the nine months ended September 30, 2012 compared with the nine months ended September 30, 2011.  The increase was due principally to net volume growth, driven primarily by the exit of a major competitor from the Guam trade in mid-November 2011, an increase in freight rates and volume in the China trade, and increased fuel surcharges resulting from higher fuel prices, partially offset by reduced volumes in the Hawaii trade.

Container and automobile volume decreased in the Hawaii trade in the nine months ended September 30, 2012 compared with the nine months ended September 30, 2011: Hawaii container volume decreased 2.8 percent due to market weakness, competitive pressures, and a modest market contraction resulting from direct foreign sourcing of cargo; Hawaii automobile volume decreased 2.1 percent due primarily to the timing of automobile rental fleet replacement. Container volume in the China and Guam trades increased during the nine months ended September 30, 2012 as compared to the nine months ended September 30, 2011: China container volume increased 6.5 percent due to increased demand and a shift in direct foreign sourcing of cargo destined to Hawaii; Guam volume was higher, increasing 88.1 percent in the nine months, due to gains related to the departure of a major competitor from the trade in mid-November 2011.

Ocean transportation operating income increased $8.7 million, or 14.2 percent, in the nine months ended September 30, 2012 compared with the nine months ended September 30, 2011. However, net of expenses related to separation and shutdown of CLX2, operating income increased by $11.7 million, or 17.4 percent.  The increase in operating income was principally due to higher volume in the Guam trade and increased freight rates and volume in the China trade, partially offset by decreased volume in Hawaii, increased costs related to vessel and barge dry-docking and higher outside transportation costs due to increased activity in the Guam trade. The Company also incurred higher terminal handling costs due primarily to increased wharfage and container handling rates, higher vessel expenses and higher general and administrative expenses. 

The Company's SSAT joint venture contributed $3.1 million to operating income during the nine months ended September 30, 2012 compared with $6.8 million reported for the same period last year. The decline is primarily due to the loss of volume from several major customers.

Logistics – Three months ended September 30, 2012 compared with 2011

 



Three Months Ended September 30

(Dollars in millions)


2012



2011


Change


Intermodal revenue


$

58.7



$

60.9


(3.6%)


Highway revenue



35.6




38.3


(7.0%)


Total Revenue


$

94.3



$

99.2


(4.9%)


Operating income


$

1.3



$

2.0


(35.0%)


Operating income margin



1.4%




2.0%
















Logistics revenue decreased $4.9 million, or 4.9 percent, during the three months ended September 30, 2012 compared with the three months ended September 30, 2011. This decrease was primarily the result of lower intermodal and highway volume. Intermodal volume declined primarily due to the shutdown of CLX2 and the loss of a major international ocean carrier customer, partially offset by an increase in domestic volumes.  Highway volume decreased due to the loss of certain full truckload customers.

Logistics operating income decreased $0.7 million, or 35.0 percent, to $1.3 million during the three months ended September 30, 2012 compared with the three months ended September 30, 2011.  The decline in the operating income was primarily due to lower volume in intermodal and highway, lower yield in intermodal, partially offset by decreases in general and administrative expenses.

Logistics – Nine months ended September 30, 2012 compared with 2011

 



Nine Months Ended September 30

(Dollars in millions)


2012



2011


Change


Intermodal revenue


$

170.5



$

178.3


(4.4%)


Highway revenue



105.1




115.3


(8.8%)


Total Revenue


$

275.6



$

293.6


(6.1%)


Operating income


$

2.9



$

5.6


(48.2%)


Operating income margin



1.1%




1.9%
















Logistics revenue for the nine months ended September 30, 2012, decreased $18.0 million, or 6.1 percent, compared with the nine months ended September 30, 2011.  This decrease was primarily due to lower intermodal and highway volumes. Intermodal volume declined primarily due to the shutdown of CLX2 and the loss of a major ocean carrier customer, partially offset by an increase in domestic volumes. Highway volume decreased due to the loss of certain full truckload customers.

Logistics operating income for the nine months ended September 30, 2012 decreased $2.7 million, or 48.2 percent, compared with the nine months ended September 30, 2011.  The reduction in operating income was due to lower volumes in the intermodal and highway businesses, partially offset by a decrease in general and administrative expenses.

Cash Generation & Capital Allocation

Matson continued to generate strong cash flow during the third quarter 2012 and for the nine months ended September 30, 2012. EBITDA was $52.5 million in the third quarter 2012 compared to $48.9 million in the third quarter 2011, an increase of $3.6 million, or 7.4 percent. For the first nine months of 2012 EBITDA was $128.5 million compared to $119.8 million through nine months of 2011, an increase of $8.7 million, or 7.3 percent. 

Capital expenditures for the nine months ended September 30, 2012 totaled $30.8 million compared with $39.5 million for the nine months ended September 30, 2011.

As previously announced, Matson's Board of Directors declared a cash dividend of $0.15 per share payable on December 6, 2012 to shareholders of record on November 8, 2012. 

Debt Levels

Total debt as of September 30, 2012 was $328.6 million, of which $307.2 million was long term debt. During the third quarter 2012 the Company paid down its total debt by $44.2 million.

Teleconference and Webcast

Matson, Inc. has scheduled a conference call at 4:30 p.m. EST/1:30 p.m. PST/11:30 a.m. HST today to discuss its third quarter performance. The call will be broadcast live on the Company's website at www.matson.com; Investor Relations.  A replay of the conference call will be available approximately two hours after the call through 5:30 p.m. EST on Wednesday, November 14, 2012 by dialing 1-877-344-7529 or 1-412-317-0088 and using the conference number 10020465. The slides and audio webcast of the conference call will be archived for one full quarter on the Company's Investor Relations page of the Company's website.

About the Company

Founded in 1882, Matson is a leading U.S. carrier in the Pacific. Matson provides a vital lifeline to the island economies of Hawaii, Guam and Micronesia and premium, expedited service from China to Southern California. The Company's fleet of 17 vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing. Additional information about Matson, Inc. is available at the Company's website.

GAAP to Non-GAAP Reconciliation

This press release, the Form 8-K and information to be discussed in the conference call include non-GAAP measures. While Matson reports financial results in accordance with U.S. generally accepted accounting principles ("GAAP"), the Company also considers other non-GAAP measures to evaluate performance, make day-to-day operating decisions, help investors understand our ability to incur and service debt and to make capital expenditures, and to understand period-over-period operating results separate and apart from items that may, or could, have a disproportional positive or negative impact on results in any particular period. These non-GAAP measures include, but are not limited to, Operating Income from Continuing Operations net of non-recurring expenses or revenues (Adjusted Operating Income) at the consolidated and segment level, EBITDA, and Adjusted EBITDA.

Forward-Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to risks and uncertainties relating to regional, national and international economic conditions; new or increased competition; fuel prices and our ability to collect fuel surcharges; our relationship with vendors, customers and partners and changes in related agreements; the timing of the entry of a competitor in the Guam trade lane; conditions in the financial markets; changes in our credit profile and our future financial performance; the impact of future and pending legislation, including environmental legislation; government regulations and investigations; repeal, substantial amendment or waiver of the Jones Act or its application, or our failure to maintain our status as a United States citizen under the Jones Act; relations with our unions; and the occurrence of marine accidents, poor weather or natural disasters. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our former parent company's (Alexander & Baldwin, Inc.) Annual Report on Form 10-K and our former parent company's and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.

[1] The financial results for the third quarter and first nine months of 2012 reflect Matson's separation from its former parent corporation, Alexander & Baldwin, Inc. ("A&B"), on June 29, 2012. The separation of Matson from A&B was originally announced on December 1, 2011. Due to the structure of the separation transaction, A&B's non-Matson operations have been included in Matson's financial statements as discontinued operations.

Investor Relations inquiries:

Joel M. Wine

Matson, Inc.

510.628.4565

[email protected]

Media inquiries:

Jeff S. Hull

Matson, Inc.

510.628.4534

[email protected]


 

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income and Comprehensive Income

(In millions, except per-share amounts) (Unaudited)

 


Three Months Ended

September 30,


Nine Months Ended

September 30,


2012


2011


2012


2011

Operating Revenue:












Ocean transportation

$

307.1


$

281.4


$

886.1


$

794.1

Logistics


94.3



99.2



275.6



293.6

Total operating revenue


401.4



380.6



1,161.7



1,087.7













Costs and Expenses:












Operating costs


337.0



324.7



996.0



943.9

Equity in income of terminal joint venture


(0.7)



(2.8)



(3.1)



(6.8)

Selling, general and administrative


30.6



27.8



87.4



83.8

Separation costs


0.3



-



8.6



-

Operating costs and expenses


367.2



349.7



1,088.9



1,020.9













Operating Income


34.2



30.9



72.8



66.8













Interest expense


(4.0)



(1.9)



(7.9)



(5.7)

Income from Continuing Operations

Before Income Taxes


30.2



29.0



64.9



61.1

Income tax expense 


11.2



10.6



28.6



22.0

Income From Continuing Operations


19.0



18.4



36.3



39.1

Income (Loss) From Discontinued Operations (net of income taxes)


0.1



(9.7)



(6.0)



(6.5)

Net Income

$

19.1


$

8.7


$

30.3


$

32.6













Other Comprehensive Income, Net of Tax:












Net Income

$

19.1


$

8.7


$

30.3


$

32.6

Defined benefit pension plans:












    Net loss and prior service cost


-



-



1.1



1.2

    Less: amortization of prior service cost

    included in net periodic pension cost


0.7



(0.3)



1.0



(0.3)

    Less: amortization of net loss included

    in net periodic pension cost


(2.7)



(2.5)



(3.5)



(2.8)

    Other Comprehensive Income


(2.0)



(2.8)



(1.4)



(1.9)

Comprehensive Income

$

17.1


$

5.9


$

28.9


$

30.7













Basic Earnings (Loss) Per Share:












Continuing operations

$

0.45


$

0.44


$

0.86


$

0.94

Discontinued operations


-



(0.23)



(0.14)



(0.16)

Net income

$

0.45


$

0.21


$

0.72


$

0.78













Diluted Earnings (Loss) Per Share:












Continuing operations

$

0.45


$

0.44


$

0.85


$

0.94

Discontinued operations


-



(0.23)



(0.14)



(0.17)

Net income

$

0.45


$

0.21


$

0.71


$

0.77













Weighted Average Number of Shares Outstanding:












Basic


42.5



41.7



42.2



41.6

Diluted


42.8



42.1



42.6



42.0













Cash Dividends Per Share

$

0.15


$

0.315


$

0.78


$

0.945













    

 

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(In millions) (Unaudited)

 


September 30,


December 31,


2012


2011

ASSETS






Current Assets:






Cash and cash equivalents

$

11.5


$

9.8

Accounts and notes receivable, net


166.4



167.7

Inventories


4.3



4.2

Deferred income taxes


1.3



1.3

Prepaid expenses and other assets


26.8



25.1

Current assets related to discontinued operations


0.2



66.9

Total current assets


210.5



275.0

Investments in Affiliate


59.5



56.5

Property, at cost


1,779.8



1,760.7

Less accumulated depreciation and amortization


(1,003.3)



(960.2)

Property – net


776.5



800.5

Other Assets


112.0



95.2

Long-term assets related to discontinued operations


-



1,317.1

Total

$

1,158.5


$

2,544.3

LIABILITIES AND SHAREHOLDERS' EQUITY






Current Liabilities:






Notes payable and current portion of long-term debt

$

21.4


$

17.5

Accounts payable


127.0



135.5

Payroll and vacation benefits


15.9



16.0

Uninsured claims


7.3



6.5

Due to affiliate


-



2.2

Accrued and other liabilities


22.2



8.8

Current liabilities related to discontinued operations


0.1



92.2

Total current liabilities


193.9



278.7

Long-term Liabilities:






Long-term debt


307.2



180.1

Deferred income taxes


248.8



255.1

Employee benefit plans


103.3



113.0

Due to affiliate


-



0.5

Uninsured claims and other liabilities


33.4



24.3

Long-term liabilities related to discontinued operations


-



570.1

Total long-term liabilities


692.7



1,143.1







Shareholders' Equity:






Capital stock


31.9



34.0

Additional capital


251.5



238.3

Accumulated other comprehensive loss


(42.9)



(91.9)

Retained earnings


31.4



953.0

Cost of treasury stock


-



(10.9)

Total shareholders' equity


271.9



1,122.5

Total

$

1,158.5


$

2,544.3

 

 

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(In millions) (Unaudited)

 


Nine Months Ended


September 30,


2012


2011







Cash Flows Provided by Operating Activities from Continuing Operations

$

66.5


$

71.3







Cash Flows from Investing Activities from Continuing Operations:






Capital expenditures


(30.8)



(39.5)

Proceeds from disposal of property and other assets


0.9



1.7

Deposits into Capital Construction Fund


(4.4)



(4.4)

Withdrawals from Capital Construction Fund


4.4



4.4

Contribution from A&B


26.7



28.9

Net cash used in investing activities from continuing operations


(3.2)



(8.9)







Cash Flows from Financing Activities from Continuing Operations:






Proceeds from issuance of debt, net of issuance costs


185.1



48.5

Payments of debt


(49.9)



(40.9)

Payments on line-of-credit agreements, net


(6.0)



(10.7)

Distribution upon Separation


(155.0)



-

Proceeds from issuance of capital stock


24.8



9.0

Distribution to A&B for proceeds from issuance of capital stock


(21.7)



-

Cash assumed by A&B upon Separation


(2.5)



-

Dividends paid


(33.1)



(39.9)

Net cash used in financing activities from continuing operations


(58.3)



(34.0)







Cash Flows from Discontinued Operations:






Cash flows used in operating activities of discontinued operations


(30.1)



(29.1)

Cash flows used in investing activities of discontinued operations


(18.8)



(17.8)

Cash flows from financing activities of discontinued operations


33.9



21.0

Net cash flows used in discontinued operations


(15.0)



(25.9)







Net (Decrease) Increase in Cash and Cash Equivalents


(10.0)



2.5







Cash and cash equivalents, beginning of period


21.5



14.2

Cash and cash equivalents, end of period

$

11.5


$

16.7







Other Cash Flow Information:






Interest paid

$

6.5


$

6.1

Income taxes paid

$

28.2


$

0.2







Other Non-cash Information:






Depreciation and amortization expense

$

56.0


$

53.1

Accrued dividends

$

-


$

-

Capital expenditures included in accounts payable and accrued liabilities

$

0.1


$

0.2

 

MATSON, INC. AND SUBSIDIARIES

GAAP to Non-GAAP Reconciliation

(In millions) (Unaudited)

 

Adjusted Consolidated Operating Income Reconciliation

 



Three Months Ended September 30,



2012


2011



Change

Operating Income


$

34.2


$

30.9


$

3.3

Add: Separation Cost



0.3



-



0.3

Add: Shutdown of CLX2 Cost



-



6.1



(6.1)

Adjusted Operating Income


$

34.5


$

37.0


$

(2.5)













Nine Months Ended September 30,



2012


2011



Change

Operating Income


$

72.8


$

66.8


$

6.0

Add: Separation Cost



8.6



-



8.6

Add: Shutdown of CLX2 Cost



0.5



6.1



(5.6)

Adjusted Operating Income


$

81.9


$

72.9


$

9.0


Adjusted Ocean Transportation Operating Income Reconciliation

 



Three Months Ended September 30,



2012


2011



Change

Operating Income


$

32.9


$

28.9


$

4.0

Add: Separation Cost



0.3



-



0.3

Add: Shutdown of CLX2 Cost



-



6.1



(6.1)

Adjusted Operating Income


$

33.2


$

35.0


$

(1.8)













Nine Months Ended September 30,



2012


2011



Change

Operating Income


$

69.9


$

61.2


$

8.7

Add: Separation Cost



8.6



-



8.6

Add: Shutdown of CLX2 Cost



0.5



6.1



(5.6)

Adjusted Operating Income


$

79.0


$

67.3


$

11.7

 

EBITDA Reconciliation

 



Three Months Ended September 30,



2012


2011



Change

Net Income


$

19.1


$

8.7


$

10.4

Subtract: Income (Loss) from Disc. Operations



0.1



(9.7)



9.8

Add: Income Tax Expense



11.2



10.6



0.6

Add: Interest expense



4.0



1.9



2.1

Add: Depreciation and Amortization



18.3



18.0



0.3

EBITDA(1)


$

52.5


$

48.9


$

3.6













Nine Months Ended September 30,



2012


2011



Change

Net Income


$

30.3


$

32.6


$

(2.3)

Subtract: Income (Loss) from Disc. Operations



(6.0)



(6.5)



0.5

Add: Income Tax Expense



28.6



22.0



6.6

Add: Interest expense



7.9



5.7



2.2

Add: Depreciation and Amortization



55.7



53.0



2.7

EBITDA(1)


$

128.5


$

119.8


$

8.7

    

(1)   EBITDA is defined as the sum of net income, less income or loss from discontinued operations, plus income tax expense, interest expense and depreciation and amortization.  EBITDA should not be considered as an alternative to net income (as determined in accordance with GAAP), as an indicator of our operating performance, or to cash flows from operating activities (as determined in accordance with GAAP) as a measure of liquidity. Our calculation of EBITDA may not be comparable to EBITDA as calculated by other companies, nor is this calculation identical to the EBITDA used by our lenders to determine financial covenant compliance.

SOURCE Matson, Inc.

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Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
SYS-CON Events announced today that Hitachi Data Systems, a wholly owned subsidiary of Hitachi LTD., will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City. Hitachi Data Systems (HDS) will be featuring the Hitachi Content Platform (HCP) portfolio. This is the industry’s only offering that allows organizations to bring together object storage, file sync and share, cloud storage gateways, and sophisticated search an...