Welcome!

Microsoft Cloud Authors: Elizabeth White, Mihai Corbuleac, Pat Romanski, David Bermingham, Steven Mandel

News Feed Item

TeleTech Announces Third Quarter 2012 Financial Results

TeleTech Holdings, Inc. (NASDAQ: TTEC), a leading global provider of technology-enabled customer experience solutions, today announced financial results for the third quarter ended September 30, 2012. The Company also filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission for the quarter ended September 30, 2012.

“We continue to execute on our strategy of investing in both revenue diversification and innovation to position the company for top line growth,” said Ken Tuchman, TeleTech chairman and chief executive officer. “Our diversified business segments grew to 22 percent of revenue from 18 percent in the year-ago period. Our strong balance sheet has funded our continued investment in scalable, technology-rich offerings that keep us strategically relevant with the increasingly complex customer experience needs of our clients,” continued Tuchman. “Industry leading companies realize that creating strong emotional connections with their customers is the key differentiator in today’s dynamic global marketplace. As we celebrate our 30th year in business, I am very excited about our future. We have been investing in innovation for the past three decades and as a result, we are uniquely positioned to help our clients deliver on the promise of their brand by providing engaging customer experiences at every touch point.”

THIRD QUARTER 2012 FINANCIAL HIGHLIGHTS

  • Third quarter 2012 revenue was $286.3 million compared to $304.2 million in the third quarter 2011. The lower revenue was attributable to a $27.7 million reduction from the Company’s previously announced decision to exit certain underperforming business in addition to a $4.5 million negative foreign currency impact. Excluding the impact of the above reductions, third quarter 2012 revenue grew $14.3 million or 4.7 percent.
  • Income from operations for the third quarter 2012 included $2.6 million of net restructuring and impairment charges.
  • Third quarter 2012 income from operations was $27.4 million or 9.6 percent of revenue compared to $26.6 million or 8.7 percent of revenue in the third quarter 2011. Excluding the restructuring and impairment charges discussed above, third quarter 2012 non-GAAP income from operations was $30.0 million or 10.5 percent of revenue.
  • Third quarter 2012 fully diluted earnings per share attributable to TeleTech stockholders was 52 cents compared to 44 cents in the third quarter 2011. Excluding restructuring, impairment and other items, third quarter 2012 non-GAAP fully diluted earnings per share attributable to TeleTech stockholders increased 11.4 percent to 39 cents compared to 35 cents in the year-ago quarter.
  • During the third quarter 2012 TeleTech signed an estimated $90 million in annualized revenue from both new and expanding client relationships. Approximately 75 percent represented recurring revenue.

STRONG BALANCE SHEET CONTINUES TO FUND OPERATIONS, SHARE REPURCHASES AND STRATEGIC ACQUISITIONS

  • As of September 30, 2012, TeleTech had cash and cash equivalents of $170.4 million, $88.0 million of borrowings on its credit facility and total other debt of $12.8 million, resulting in net cash of $69.6 million.
  • TeleTech had approximately $408 million of additional borrowing capacity available under its revolving credit facility as of September 30, 2012. This provides TeleTech with the continued financial flexibility to fund organic growth, share repurchases and accretive acquisitions.
  • Cash flow from operations in the third quarter 2012 increased to $14.8 million from a negative ($8.5) million in the third quarter 2011. The increase was primarily due to the timing of certain working capital items.
  • Capital expenditures in the third quarter 2012 were $15.8 million compared to $8.8 million in the third quarter 2011. The higher capital expenditures were principally related to increased investments in the Company’s technology-based offerings.
  • TeleTech repurchased 0.9 million shares of common stock during the third quarter 2012 for a total cost of $14.5 million. As of September 30, 2012, there was $26.5 million authorized for future share repurchases.

SEGMENT REPORTING

To provide clarity as to the financial profile and performance of TeleTech’s primary businesses, TeleTech reports financial results for the following four business segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS). Corporate expenses are reported separately from the above. Highlights of the financial performance of the primary segments are provided below.

Customer Management Services (CMS) – Customer Experience Delivery Solutions

  • CMS third quarter 2012 revenue was $224.0 million, representing approximately 78 percent of total third quarter 2012 revenue, compared to $248.7 million in the third quarter 2011. The lower revenue was attributable to a $27.7 million reduction from the Company's previously announced decision to exit certain underperforming business in addition to a $4.1 million negative foreign currency impact. Excluding the above reductions, revenue increased by $7.1 million or 2.9 percent.
  • CMS third quarter 2012 income from operations included $2.5 million of net restructuring and impairment charges.
  • CMS third quarter 2012 income from operations, before corporate expenses, was $47.2 million or 21.1 percent of revenue, compared to 17.4 percent of revenue in the third quarter 2011. Excluding the $2.5 million of net restructuring and impairment charges, CMS third quarter 2012 non-GAAP income from operations was $49.7 million or 22.2 percent of revenue. The higher third quarter 2012 operating margin was primarily related to TeleTech’s profit improvement initiatives including an increase in capacity utilization for its multi-client centers to 77 percent from 74 percent in the year-ago quarter.

Customer Growth Services (CGS) – Technology-Enabled Revenue Generation Solutions

  • CGS third quarter 2012 revenue was $28.2 million, representing approximately 10 percent of total third quarter 2012 revenue, compared to $25.8 million in the third quarter 2011.
  • CGS third quarter 2012 income from operations was $5.8 million or 20.6 percent of revenue, compared to 19.5 percent of revenue in the third quarter 2011.

Customer Technology Services (CTS) – Hosted and Managed Technology Solutions

  • CTS third quarter 2012 revenue was $22.3 million compared to $22.9 million in the year-ago period, representing approximately 8 percent of total third quarter 2012 revenue.
  • CTS third quarter 2012 income from operations was $3.3 million or 14.6 percent of revenue, compared to $4.3 million or 18.7 percent of revenue in the third quarter 2011. CTS third quarter 2012 operating results reflect the combination of its cloud- and premise-based services along with an increased investment in technology and expanded offerings to support its continued growth initiatives.
  • During the third quarter, TeleTech further enhanced its cloud-based market opportunity and expertise by achieving Cisco’s Cloud Provider Certification and Contact Center as a Service Designation.

Customer Strategy Services (CSS) – Customer Experience Strategy and Data Analytics Solutions

  • CSS third quarter 2012 revenue increased 69.9 percent to $11.7 million compared to $6.9 million in the third quarter 2011.
  • CSS third quarter 2012 income from operations was $0.8 million or 7.1 percent of revenue, compared to an operating loss of ($0.3) million in the third quarter 2011. The higher operating margin was attributable to the increased revenue enabling greater fixed cost absorption.

Corporate Expenses

  • The third quarter 2012 income from operations for the above segments excluded $29.7 million of corporate expenses. TeleTech expects to continue to further leverage its general and administrative expenses as a percentage of revenue across its expanding suite of services.

BUSINESS OUTLOOK

  • TeleTech continues to expect 2012 revenue will range between $1.15 billion and $1.2 billion.
  • TeleTech continues to expect 2012 operating margin will increase from 2011 and range between 8.5 percent and 9.0 percent, before asset impairment and restructuring charges.

SEC FILINGS

The company’s filings with the Securities and Exchange Commission are available in the “Investors” section of TeleTech’s website, which can be found at www.teletech.com.

CONFERENCE CALL

A conference call and webcast with management will be held on Thursday, November 8, 2012 at 8:30 a.m. Eastern Time. You are invited to join a live webcast of the conference call by visiting the “Investors” section of the TeleTech website at www.teletech.com. If you are unable to participate during the live webcast, a replay will be available on the TeleTech website through Thursday, November 22, 2012.

NON-GAAP FINANCIAL MEASURES

To supplement the Company's consolidated financial statements presented in accordance with generally accepted accounting principles (GAAP) in the United States, the Company uses the following non-GAAP financial measures: Free Cash Flow, Non-GAAP Income from Operations, Non-GAAP EBITDA and Non-GAAP EPS. TeleTech believes that providing these non-GAAP financial measures provides investors with greater transparency to the information used by TeleTech's management in its financial and operational decision making and allows investors to see TeleTech's results "through the eyes" of management. TeleTech also believes that providing this information better enables TeleTech's investors to understand its operating performance and information used by management to evaluate and measure such performance. These financial measures are not intended to be used in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of these non-GAAP financial measures is available in the financial tables attached to this press release. We also encourage all investors to read our Quarterly Report on Form 10-Q for the quarter ended September 30, 2012.

ABOUT TELETECH

For 30 years, TeleTech and its subsidiaries have helped the world’s most successful companies design, enable, manage and grow customer value through the delivery of superior customer experiences across the customer lifecycle. As the go-to partner for the Global 1000, the TeleTech group of companies delivers technology-enabled solutions that maximize revenue, transform customer experiences and optimize business processes. From strategic consulting to operational execution, our more than 39,000 employees drive success for clients in the communications and media, financial services, government, healthcare, technology, transportation and retail industries. Through the TeleTech Community Foundation, the company leverages its innovative leadership to ensure that students in underserved communities around the globe have access to the tools and support they need to maximize their educational outcomes. For additional information, please visit www.teletech.com.

FORWARD-LOOKING STATEMENTS

Statements in this press release that relate to future results and events (including statements about future financial and operating performance) are forward-looking statements based on TeleTech's current expectations. Actual results and events in future periods could differ materially from those projected in these forward-looking statements because of a number of risks and uncertainties including: achieving estimated revenue from new, renewed and expanded client business as volumes may not materialize as forecasted, especially due to the global economic slowdown; the ability to close and ramp new business opportunities that are currently being pursued or that are in the final stages with existing and/or potential clients; our ability to execute our growth plans, including the successful integration of acquired companies and the sales of new products; the possibility of lower revenue or price pressure from our clients experiencing a business downturn or merger in their business; greater than anticipated competition in the customer management industry, causing adverse pricing and more stringent contractual terms; risks associated with losing or not renewing client relationships, particularly large client agreements, or early termination of a client agreement; the risk of losing clients due to consolidation in the industries we serve; consumers’ concerns or adverse publicity regarding our clients’ products; our ability to find cost-effective locations, obtain favorable lease terms and build or retrofit facilities in a timely and economic manner; risks associated with business interruption due to weather, fires, pandemic, or terrorist-related events; risks associated with attracting and retaining cost-effective labor at our delivery centers; the possibility of asset impairments and restructuring charges; risks associated with changes in foreign currency exchange rates; economic or political changes affecting the countries in which we operate; changes in accounting policies and practices promulgated by standard setting bodies; and new legislation or government regulation that adversely impacts our tax obligations, health care costs or the customer management industry. A detailed discussion of these and other risk factors that could affect our results is included in TeleTech's SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2011. The Company’s filings with the Securities and Exchange Commission are available in the “Investors” section of TeleTech’s website, which is located at www.teletech.com. All information in this release is as of November 7, 2012. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.

       

TELETECH HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)

 
 
Three months ended Nine months ended
September 30, September 30,
2012 2011 2012 2011
 
Revenue $ 286,268 $ 304,235 $ 867,720 $ 878,850
 
Operating Expenses:
Cost of services 201,766 220,795 622,782 630,274
Selling, general and administrative 43,845 43,445 137,689 138,529
Depreciation and amortization 10,695 11,807 31,040 34,828
Restructuring charges, net 2,440 1,616 20,694 2,298
Impairment losses   161     -     2,958     230  
Total operating expenses   258,907     277,663     815,163     806,159  
 
Income From Operations 27,361 26,572 52,557 72,691
 
Other income (expense)   (1,252 )   (633 )   (2,802 )   (2,179 )
 
Income Before Income Taxes 26,109 25,939 49,755 70,512
 
Benefit (Provision) for income taxes   3,611     496     3,030     (9,482 )
 
Net Income 29,720 26,435 52,785 61,030
 
Net income attributable to noncontrolling interest   (1,291 )   (1,064 )   (3,152 )   (2,969 )
 
Net Income Attributable to TeleTech Stockholders $ 28,429   $ 25,371   $ 49,633   $ 58,061  
 

Net Income Per Share Attributable to TeleTech Stockholders

 
Basic $ 0.53   $ 0.45   $ 0.90   $ 1.02  
 
Diluted $ 0.52   $ 0.44   $ 0.89   $ 1.00  
 
 
Income From Operations Margin 9.6 % 8.7 % 6.1 % 8.3 %
Net Income Attributable to TeleTech Stockholders Margin 9.9 % 8.3 % 5.7 % 6.6 %
Effective Tax Rate (13.8 )% (1.9 )% (6.1 )% 13.4 %
 
 
Weighted Average Shares Outstanding
Basic 54,093 56,476 55,233 56,790
Diluted 54,905 57,748 55,991 58,173
       
TELETECH HOLDINGS, INC. AND SUBSIDIARIES
SEGMENT INFORMATION
(In thousands)
(unaudited)
 
 
Three months ended Nine months ended
September 30, September 30,
2012 2011 2012 2011
 
Revenue:
Customer Management Services $ 224,041 $ 248,690 $ 688,317 $ 742,969
Customer Growth Services 28,200 25,793 75,373 71,419
Customer Technology Services 22,343 22,876 72,852 39,193
Customer Strategy Services   11,684     6,876     31,178     25,269  
Total $ 286,268   $ 304,235   $ 867,720   $ 878,850  
 
Income (Loss) From Operations:
Customer Management Services $ 47,181 $ 43,385 $ 120,797 $ 141,223
Customer Growth Services 5,818 5,020 11,108 12,596
Customer Technology Services 3,272 4,289 11,734 10,158
Customer Strategy Services 824 (322 ) 1,671 1,450
Corporate   (29,734 )   (25,800 )   (92,753 )   (92,736 )
Total $ 27,361   $ 26,572   $ 52,557   $ 72,691  
   
TELETECH HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands)
 
 
September 30, December 31,
2012 2011
(unaudited)
 
ASSETS
Current assets:
Cash and cash equivalents $ 170,377 $ 156,371
Accounts receivable, net 244,175 243,636
Other current assets   95,830   78,275
Total current assets 510,382 478,282
 
Property and equipment, net 111,431 100,321
Other assets   183,791   168,375
 
Total assets $ 805,604 $ 746,978
 
LIABILITIES AND EQUITY
Total current liabilities $ 161,568 $ 170,011
Other long-term liabilities 145,117 106,720
Total equity   498,919   470,247
 
Total liabilities and equity $ 805,604 $ 746,978
 
TELETECH HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION
(In thousands, except per share data)
(unaudited)
       
 
Three months ended Nine months ended
September 30, September 30,
2012 2011 2012 2011
 
Reconciliation of Gross Margin:
 
Revenue $ 286,268 $ 304,235 $ 867,720 $ 878,850
Cost of services   201,766     220,795     622,782     630,274  
Gross margin $ 84,502   $ 83,440   $ 244,938   $ 248,576  
 
Gross margin percentage 29.5 % 27.4 % 28.2 % 28.3 %
 
 
Reconciliation of EBIT & EBITDA:
 

Net Income Attributable to TeleTech Stockholders

$ 28,429 $ 25,371 $ 49,633 $ 58,061
Interest income (780 ) (896 ) (2,235 ) (2,282 )
Interest expense 2,129 1,143 4,810 3,814
(Benefit) Provision for income taxes   (3,611 )   (496 )   (3,030 )   9,482  
EBIT $ 26,167 $ 25,122 $ 49,178 $ 69,075
 
Depreciation and amortization   10,695     11,807     31,040     34,828  
 
EBITDA $ 36,862 $ 36,929 $ 80,218 $ 103,903
 
 
Reconciliation of Free Cash Flow:
 
Cash Flow From Operating Activities:
Net income $ 29,720 $ 26,435 $ 52,785 $ 61,030
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 10,695 11,807 31,040 34,828
Other   (25,661 )   (46,721 )   (20,414 )   (56,356 )
Net cash provided by operating activities 14,754 (8,479 ) 63,411 39,502
 
Less - Total Capital Expenditures   15,781     8,804     33,149     21,166  
 
Free Cash Flow $ (1,027 ) $ (17,283 ) $ 30,262 $ 18,336
 
 
Reconciliation of Non-GAAP Income from Operations:
 
Income from Operations $ 27,361 $ 26,572 $ 52,557 $ 72,691
Restructuring charges, net 2,440 1,616 20,694 2,298
Impairment losses 161 - 2,958 230

Acquisition-related expenses

  -     -     159     1,066  
 
Non-GAAP Income from Operations $ 29,962 $ 28,188 $ 76,368 $ 76,285
 
 
Reconciliation of Non-GAAP EPS:
 

Net Income Attributable to TeleTech Stockholders

$ 28,429 $ 25,371 $ 49,633 $ 58,061
Add: Asset impairment and restructuring charges, net of related taxes 1,835 1,136 15,097 1,777
Add: Acquisition-related expenses, net of related taxes - - 95 640
Add: Changes in judgement for uncertain tax positions recorded in prior periods   (8,904 )   (6,568 )   (9,441 )   (6,405 )
 

Non-GAAP Net Income Attributable to TeleTech Stockholders

$ 21,360 $ 19,939 $ 55,384 $ 54,073
 
Diluted shares outstanding 54,905 57,748 55,991 58,173
 

Non-GAAP EPS Attributable to TeleTech Stockholders

$ 0.39 $ 0.35 $ 0.99 $ 0.93
 
 
Reconciliation of Non-GAAP EBITDA:
 

Net Income Attributable to TeleTech Stockholders

$ 28,429 $ 25,371 $ 49,633 $ 58,061
Interest income (780 ) (896 ) (2,235 ) (2,282 )
Interest expense 2,129 1,143 4,810 3,814
(Benefit) Provision for income taxes (3,611 ) (496 ) (3,030 ) 9,482
Depreciation and amortization 10,695 11,807 31,040 34,828
Asset impairment and restructuring charges 2,601 1,616 23,652 2,528

Acquisition-related expenses

- - 159 1,066
Equity-based compensation expenses   3,465     3,848     10,310     11,563  
 
Non-GAAP EBITDA $ 42,928 $ 42,393 $ 114,339 $ 119,060

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
SYS-CON Events announced today TMCnet has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business-to-business and integrated marketing media company, servicing niche markets within the com...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...