Welcome!

Microsoft Cloud Authors: David Bermingham, Yung Chou, Dana Gardner, Jayaram Krishnaswamy, 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 cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, 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. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze 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. Commvault is a leading provider of data protection and information management...
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, will discuss how the ability to access and analyze the massive volume of streaming data from mil...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, 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. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
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 18th Cloud Expo, which will take place on June 7-9, 2015 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 ad...
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,...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
WebSocket is effectively a persistent and fat pipe that is compatible with a standard web infrastructure; a "TCP for the Web." If you think of WebSocket in this light, there are other more hugely interesting applications of WebSocket than just simply sending data to a browser. In his session at 18th Cloud Expo, Frank Greco, Director of Technology for Kaazing Corporation, will compare other modern web connectivity methods such as HTTP/2, HTTP Streaming, Server-Sent Events and new W3C event APIs ...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, 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. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...