Welcome!

.NET Authors: Skytap Blog, Srinivasan Sundara Rajan, Adine Deford, David Fletcher, Pat Romanski

News Feed Item

NVIDIA Reports Financial Results for Third Quarter Fiscal Year 2013

NVIDIA Initiates Dividend; Extends Share-Repurchase Authorization

SANTA CLARA, CA -- (Marketwire) -- 11/08/12 -- NVIDIA (NASDAQ: NVDA)

  • Record revenue of $1.20 billion.
  • GAAP net income was $209.1 million, or $0.33 per diluted share. Non-GAAP net income was $245.5 million, or $0.39 per diluted share.
  • GAAP gross margin was a record 52.9 percent. Non-GAAP gross margin was a record 53.1 percent.
  • NVIDIA initiated quarterly dividend of 7.5 cents a share.

NVIDIA (NASDAQ: NVDA) today reported record revenue of $1.20 billion for the third quarter of fiscal 2013 ended Oct. 28, 2012, up 15.3 percent from the previous quarter and up 12.9 percent from a year earlier.

The company also announced that it is initiating the payment of a quarterly cash dividend, and extending its existing $2.7 billion share-repurchase program, initiated in August 2004, through December 2014.

"Investments in our new growth strategies paid off this quarter in record revenues and margins," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market."

He continued: "We are pleased to start paying our shareholders a quarterly cash dividend. We have confidence in our businesses and our continued ability to grow. Given our strong financial position and ongoing ability to generate cash, we are well positioned to continue investing in our future."




----------------------------------------------------------------------------
                     GAAP Quarterly Financial Comparison
----------------------------------------------------------------------------
 (in millions except per
        share data)        Q3 FY13  Q2 FY13  Q3 FY12     Q/Q         Y/Y
----------------------------------------------------------------------------
Revenue                   $1,204.1 $1,044.3 $1,066.2    up 15.3%    up 12.9%
----------------------------------------------------------------------------
Gross margin                 52.9%    51.8%    52.2%  up 1.1 p.p  up 0.7 p.p
----------------------------------------------------------------------------
Operating expenses          $384.4   $401.1   $359.6   down 4.2%     up 6.9%
----------------------------------------------------------------------------
Net income                  $209.1   $119.0   $178.3    up 75.6%    up 17.3%
----------------------------------------------------------------------------
Earnings per share           $0.33    $0.19    $0.29    up 73.7%    up 13.8%
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                  Non-GAAP Quarterly Financial Comparison*
----------------------------------------------------------------------------
 (in millions except per
        share data)        Q3 FY13  Q2 FY13  Q3 FY12     Q/Q         Y/Y
----------------------------------------------------------------------------
Revenue                   $1,204.1 $1,044.3 $1,066.2    up 15.3%    up 12.9%
----------------------------------------------------------------------------
Gross margin                 53.1%    52.0%    52.5%  up 1.1 p.p  up 0.6 p.p
----------------------------------------------------------------------------
Operating expenses          $344.8   $342.5   $317.6     up 0.7%     up 8.6%
----------------------------------------------------------------------------
Net income                  $245.5   $170.4   $217.0    up 44.0%    up 13.1%
----------------------------------------------------------------------------
Earnings per share           $0.39    $0.27    $0.35    up 44.4%    up 11.4%
----------------------------------------------------------------------------

*Non-GAAP earnings excluded stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, a contribution expense in the second quarter of fiscal 2013, and the tax impact associated with such items.

Outlook

Our outlook for the fourth quarter of fiscal 2013 is as follows:

  • Revenue is expected to be between $1.025 billion and $1.175 billion.

  • GAAP and non-GAAP gross margins are expected to be flat relative to the prior quarter, 52.9 percent and 53.1 percent, respectively.

  • GAAP operating expenses are expected to be approximately $400 million; non-GAAP operating expenses are expected to be approximately $359 million.

  • GAAP and non-GAAP tax rates are expected to be approximately 20 percent and 19 percent, respectively, plus or minus one percentage point. This estimate excludes any discrete tax events that may occur during the quarter, which, if realized, may increase or decrease our actual fourth quarter GAAP and non-GAAP tax rates. If the U.S. research tax credit is reinstated into tax law, we estimate our annual effective tax rate for the fiscal year 2013 to be approximately 16 percent.

Depreciation and amortization for the fourth quarter is estimated to be approximately $58 million to $60 million. Capital expenditures are expected to be in the range of $60 million to $70 million.

Diluted shares for the fourth quarter are expected to be approximately 629 million.

Dividend and Share-Repurchase Program

The quarterly dividend of 7.5 cents per share, 30 cents on an annual basis, is equivalent to a yield of about 2.4 percent, based on the Nov. 7 closing price of $12.61. It will be payable on Dec. 14, 2012 to all shareholders of record on Nov. 23, 2012.

Since NVIDIA initiated its repurchase program in August 2004, NVIDIA has spent $1.46 billion to repurchase 90.9 million shares of its common stock. NVIDIA is authorized, subject to certain specifications, to spend up to an additional $1.24 billion repurchasing shares of its common stock.

Any future repurchases would be made in the open market, in privately negotiated transactions or in structured share-repurchase programs, and may be made from time to time or in one or more larger repurchases. The program will be conducted in compliance with the Securities and Exchange Commission's Rule 10b-18 and applicable legal requirements and shall be subject to market conditions and other factors. The repurchases would be funded from available working capital.

Cash, cash equivalents and marketable securities at the end of the third quarter of fiscal 2013 were $3.43 billion.

Third Quarter Fiscal 2013 and Recent Highlights:

  • Microsoft launched its NVIDIA Tegra® 3-based Surface RT to critical acclaim.

  • NVIDIA's new energy-efficient Kepler™ GPU architecture continued to make excellent headway:

    • Kepler-based gaming was extended to new, lower price points with the launch of the GeForce® 660 Ti, GeForce GTX 660, GeForce GTX 650 Ti and GeForce GTX 650.
    • Kepler made further inroads in supercomputing, as Oak Ridge National Laboratory announced that it had completed Titan, the world's fastest open-science supercomputer. Titan gets 90 percent of its processing power from 18,688 NVIDIA Tesla® GPUs.
    • Kepler moved further into Apple's lineup, with the NVIDIA Quadro® K5000 for Mac Pro users.
    • NVIDIA launched the VGX™ K2 GPU, also based on the Kepler GPU, for cloud-based workstation graphics.

CFO Commentary
Commentary on the quarter by Karen Burns, NVIDIA interim chief financial officer, is available at www.nvidia.com/ir.

Conference Call and Webcast Information
NVIDIA will conduct a conference call with analysts and investors to discuss its third quarter fiscal 2013 financial results and current financial prospects today at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). To listen to the call, please dial (706) 679-2572. A live webcast (listen-only mode) of the conference call will be accessible at the NVIDIA investor relations web site www.nvidia.com/ir and at www.streetevents.com. The webcast will be recorded and available for replay until the company's conference call to discuss its financial results for its fourth quarter fiscal 2013.

Non-GAAP Measures
To supplement NVIDIA's Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income tax expense, non-GAAP net income, non-GAAP net income, or earnings, per share, and free cash flows. In order for NVIDIA's investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, a non-recurring contribution expense, and the associated tax impact of these items, where applicable. Free cash flow is calculated as GAAP net cash provided by operating activities less purchases of property and equipment and intangible assets. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user's overall understanding of the company's historical financial performance. The presentation of the company's non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company's financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.

About NVIDIA
NVIDIA (NASDAQ: NVDA) awakened the world to computer graphics when it invented the GPU in 1999. Today, its processors power a broad range of products from smart phones to supercomputers. NVIDIA's mobile processors are used in cell phones, tablets and auto infotainment systems. PC gamers rely on GPUs to enjoy spectacularly immersive worlds. Professionals use them to create visual effects in movies and design everything from golf clubs to jumbo jets. And researchers utilize GPUs to advance the frontiers of science with high-performance computing. The company holds more than 5,000 patents issued, allowed or filed. For more information, see www.nvidia.com.

Certain statements in this press release including, but not limited to, statements as to: investments in our new growth strategies; Kepler GPUs winning across the special-purpose PC markets we serve; Tegra powering innovative tables, phones and cars in the market; the initiation and ongoing maintenance of a cash dividend program; the extension of our existing share-repurchase program; our continued growth; the strength of our business and financial position; our ongoing ability to generate cash; the company's financial outlook for the fourth quarter of fiscal 2013; and the company's tax rate for the fourth quarter and fiscal year 2013 are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission, or SEC, including its Form 10-Q for the fiscal period ended July 29, 2012. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. The share repurchase program does not obligate NVIDIA to acquire any particular amount of common stock and the program may be modified or suspended at any time at the company's discretion.

© 2012 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, Tegra, Kepler, Quadro, GeForce, VGX and Tesla are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.




                             NVIDIA CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                    (In thousands, except per share data)
                                 (Unaudited)


                                Three Months Ended      Nine Months Ended
                             ----------------------- -----------------------
                             October 28, October 30, October 28, October 30,
                                 2012        2011        2012        2011
                             ----------- ----------- ----------- -----------

Revenue                      $ 1,204,110 $ 1,066,180 $ 3,173,257 $ 3,044,736
Cost of revenue                  567,452     509,463   1,532,516   1,478,232
                             ----------- ----------- ----------- -----------
Gross profit                     636,658     556,717   1,640,741   1,566,504
Operating expenses
  Research and development       284,180     256,498     849,275     735,743
  Sales, general and
   administrative                100,261     103,129     326,800     304,779
                             ----------- ----------- ----------- -----------
    Total operating expenses     384,441     359,627   1,176,075   1,040,522
                             ----------- ----------- ----------- -----------
Operating income                 252,217     197,090     464,666     525,982
Interest and other income,
 net                               1,411       7,697      11,265      12,837
                             ----------- ----------- ----------- -----------
Income before income tax
 expense                         253,628     204,787     475,931     538,819
Income tax expense                44,548      26,514      87,368      73,754
                             ----------- ----------- ----------- -----------
Net income                   $   209,080 $   178,273 $   388,563 $   465,065
                             =========== =========== =========== ===========

Basic net income per share   $      0.34 $      0.29 $      0.63 $      0.77
                             =========== =========== =========== ===========
Diluted net income per share $      0.33 $      0.29 $      0.62 $      0.76
                             =========== =========== =========== ===========

Shares used in basic per
 share computation               622,352     607,063     619,043     600,563
Shares used in diluted per
 share computation               628,845     613,560     625,973     614,688



                             NVIDIA CORPORATION
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                               (In thousands)
                                 (Unaudited)


                                                     October 28, January 29,
                                                         2012        2012
                                                     ----------- -----------
ASSETS

Current assets:
  Cash, cash equivalents and marketable securities   $ 3,434,772 $ 3,129,576
  Accounts receivable, net                               444,944     336,143
  Inventories                                            428,983     340,297
  Prepaid expenses and other current assets              116,128      99,342
                                                     ----------- -----------
    Total current assets                               4,424,827   3,905,358

Property and equipment, net                              566,540     560,072
Goodwill                                                 641,030     641,030
Intangible assets, net                                   331,248     326,136
Other assets                                             111,499     120,332
                                                     ----------- -----------
    Total assets                                     $ 6,075,144 $ 5,552,928
                                                     =========== ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable                                   $   390,265 $   335,072
  Accrued liabilities and other current liabilities      601,094     594,886
                                                     ----------- -----------
    Total current liabilities                            991,359     929,958

Other long-term liabilities                              341,312     455,807
Capital lease obligations, long term                      19,627      21,439
Stockholders' equity                                   4,722,846   4,145,724
                                                     ----------- -----------
    Total liabilities and stockholders' equity       $ 6,075,144 $ 5,552,928
                                                     =========== ===========



                             NVIDIA CORPORATION
           RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
                   (In thousands, except per share data)
                                (Unaudited)

                         Three Months Ended            Nine Months Ended
                 ---------------------------------- -----------------------
                 October 28,  July 29,  October 30, October 28, October 30,
                     2012       2012        2011        2012        2011
                 ----------- ---------- ----------- ----------- -----------

GAAP gross
 profit          $   636,658 $  540,719 $   556,717 $ 1,640,741 $ 1,566,504
 GAAP gross
  margin                52.9%      51.8%       52.2%       51.7%       51.4%

   Stock-based
    compensation
    expense
    included in
    cost of
    revenue (A)        2,489      2,649       3,049       7,664       8,274
                 ----------- ---------- ----------- ----------- -----------
Non-GAAP gross
 profit          $   639,147 $  543,368 $   559,766 $ 1,648,405 $ 1,574,778
                 =========== ========== =========== =========== ===========
 Non-GAAP gross
  margin                53.1%      52.0%       52.5%       51.9%       51.7%

GAAP operating
 expenses        $   384,441 $  401,096 $   359,627 $ 1,176,075 $ 1,040,522
   Stock-based
    compensation
    expense
    included in
    operating
    expense (A)      (30,580)   (29,606)    (30,180)    (93,229)    (92,644)
   Amortization
    of
    acquisition-
    related
    intangible
    assets            (4,402)    (4,065)     (5,399)    (12,809)    (12,149)
   Other
    acquisition-
    related
    costs (B)         (4,666)    (4,794)     (6,413)    (14,631)    (15,230)
   Contribution
    expense (C)            -    (20,127)          -     (20,127)          -
                 ----------- ---------- ----------- ----------- -----------
Non-GAAP
 operating
 expenses        $   344,793 $  342,504 $   317,635 $ 1,035,279 $   920,499
                 =========== ========== =========== =========== ===========

GAAP net income  $   209,080 $  119,046 $   178,273 $   388,563 $   465,065
   Total pre-tax
    impact of
    non-GAAP
    adjustments       42,137     61,241      45,041     148,460     128,297
   Income tax
    impact of
    non-GAAP
    adjustments       (5,755)    (9,839)     (6,302)    (23,583)    (17,092)
                 ----------- ---------- ----------- ----------- -----------
Non-GAAP net
 income          $   245,462 $  170,448 $   217,012 $   513,440 $   576,270
                 =========== ========== =========== =========== ===========

Diluted net
 income per
 share
   GAAP          $      0.33 $     0.19 $      0.29 $      0.62 $      0.76
                 =========== ========== =========== =========== ===========
   Non-GAAP      $      0.39 $     0.27 $      0.35 $      0.82 $      0.94
                 =========== ========== =========== =========== ===========

Shares used in
 diluted net
 income per
 share
 computation         628,845    623,143     613,560     625,973     614,688

Metrics:
   GAAP net cash
    flow
    provided by
    operating
    activities   $   181,485 $  200,886 $   244,417 $   373,163 $   498,638
   Purchase of
    property and
    equipment
    and
    intangible
    assets           (44,684)   (61,944)    (39,035)   (135,551)    (93,553)
                 ----------- ---------- ----------- ----------- -----------
   Free cash
    flow         $   136,801 $  138,942 $   205,382 $   237,612 $   405,085
                 =========== ========== =========== =========== ===========



----------------------------------------------------------------------------

(A) Excludes
stock-based
compensation as
follows:                 Three Months Ended            Nine Months Ended
                 ---------------------------------- -----------------------
                 October 28,  July 29,  October 30, October 28, October 30,
                     2012       2012        2011        2012        2011
                 ----------- ---------- ----------- ----------- -----------
   Cost of
    revenue      $     2,489 $    2,649 $     3,049 $     7,664 $     8,274
   Research and
    development  $    20,056 $   18,885 $    19,308 $    60,148 $    59,594
   Sales,
    general and
    administra-
    tive         $    10,524 $   10,721 $    10,872 $    33,081 $    33,050

(B) Other acquisition-related costs are comprised of transaction costs,
compensation charges and restructuring costs related to the acquisition of
Icera, Inc. that was completed on June 10, 2011.

(C) Net present value of a $25 million chartitable contribution pledged on
June 12, 2012 to Stanford Hospital and Clinic, payable over a ten year
period.

----------------------------------------------------------------------------



                             NVIDIA CORPORATION
                 RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK

                                                          Q4 FY2013 Outlook
                                                          -----------------

GAAP gross margin                                                      52.9%
  Impact of stock-based compensation (A)                                0.2%
                                                          -----------------
Non-GAAP gross margin                                                  53.1%
                                                          =================


                                                          Q4 FY2013 Outlook
                                                          -----------------
                                                            (In millions)

GAAP operating expenses                                   $           400.0
  Stock-based compensation expense included in operating
   expense                                                            (32.0)
  Amortization of acquisition-related intangible assets                (4.0)
  Other acquisition-related costs (B)                                  (5.0)

                                                          -----------------
Non-GAAP operating expenses                               $           359.0
                                                          =================

----------------------------------------------------------------------------
(A) Represents $2.7 million of stock-based compensation expense included in
cost of revenue.
(B) Other acquisition related costs are comprised primarily of compensation
charges related to the acquisition of Icera, Inc. that was completed on June
10, 2011.
----------------------------------------------------------------------------

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

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

@ThingsExpo Stories
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
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.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...

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...

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