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Analog Devices Reports Fourth Quarter and Fiscal Year 2012 Results

Analog Devices, Inc. (NASDAQ: ADI), a global leader in high-performance semiconductors for signal processing applications, today announced financial results for its fiscal fourth quarter and fiscal year ended November 3, 2012.

“ADI delivered solid results for the fourth quarter, with revenue increasing by 2% and diluted EPS increasing by 4% compared to the prior quarter,” said Jerald G. Fishman, CEO. “For the year, revenue decreased 9.8% to about $2.7 billion, reflecting difficult economic conditions and prevailing global uncertainty. We nevertheless generated 65% gross margins, 31% operating margins and over $800 million, or 30% of revenue, in cash from operations for the year.”

Mr. Fishman continued, “Overall orders decreased during the quarter as customers became more cautious and continued to reduce inventories, in many cases to historically low levels. As a result, we began reducing our production levels in the fourth quarter and will reduce them further in the first quarter of fiscal 2013 to keep our inventory at appropriate levels. While this will reduce gross margins in the short term, we believe this should provide significant operating leverage when growth resumes.”

ADI also announced that the Board of Directors has declared a cash dividend of $0.30 per outstanding share of common stock. The dividend will be paid on December 18, 2012 to all shareholders of record at the close of business on December 7, 2012.

Results for the Fourth Quarter of Fiscal 2012

  • Revenue totaled $695 million
  • Gross margin was 63.8% of revenue
  • Operating margin was 31% of revenue
  • Diluted EPS was $0.58
  • Cash flow from operations was $236 million, or 34% of revenue

Results for Fiscal Year 2012

  • Revenue totaled $2.7 billion
  • Gross margin was 64.5% of revenue
  • Operating margin was 30.5% of revenue
  • Diluted EPS was $2.13
  • Cash flow from operations was $815 million, or 30% of revenue
  • Repurchases of common stock and dividend payments to shareholders totaled $505 million

Please refer to the schedules provided for a summary of revenue and earnings, selected balance sheet information, and the cash flow statement for the fourth quarter and fiscal year ended 2012, as well as the immediately prior and year-ago quarters. Additional information on revenue by end market and revenue by product type is provided on Schedules D and E. A more complete table covering prior periods is available at investor.analog.com.

Outlook for the First Quarter of Fiscal 2013

The following statements are based on current expectations. These statements are forward- looking and actual results may differ materially, as a result of, among other things, the important factors discussed at the end of this release. These statements supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

  • Revenue estimated to decrease in the range of -6% to -12%
  • Gross margin estimated to be approximately 62%
  • Operating expenses estimated to be approximately $223 million
  • Tax rate estimated to be approximately 18%
  • Diluted EPS estimated at $0.40 to $0.48

Conference Call Scheduled for 5:00 pm ET

ADI will host a conference call to discuss the fourth quarter results and short-term outlook today, beginning at 5:00 pm ET. Investors may join via webcast, accessible at investor.analog.com, or by telephone (call 706-634-7193 ten minutes before the call begins and provide the password "ADI.")

A replay will be available almost immediately after the call. The replay may be accessed for up to two weeks by dialing 855-859-2056 (replay only) and providing the conference ID:68650785, or by visiting investor.analog.com.

Non-GAAP Financial Information

This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles.

Schedule F of this press release provides the reconciliation of the Company’s non-GAAP measures to its GAAP measures.

Manner in Which Management Uses the Non-GAAP Financial Measures

Management uses non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margins, and non-GAAP diluted earnings per share to evaluate the Company’s operating performance from continuing operations against past periods and to budget and allocate resources in future periods. These non-GAAP measures also assist management in understanding and evaluating the Company’s operating results and trends in the Company’s business.

Economic Substance Behind Management’s Decision to Use Non-GAAP Financial Measures

The items excluded from the non-GAAP measures were excluded because they are of a non-recurring or non-cash nature.

The following item is excluded from our non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, and non-GAAP diluted earnings per share:

Restructuring-Related Expenses. These expenses are incurred in connection with facility closures, consolidation of manufacturing facilities, and other cost reduction efforts. Apart from ongoing expense savings as a result of such items, these expenses and the related tax effects have no direct correlation to the operation of our business in the future.

The following item is excluded from our non-GAAP diluted earnings per share:

Tax-Related Items. In the first quarter of fiscal year 2011, the Company recorded a $13 million tax benefit related to taxes that are one-time in nature. These one-time tax items included the reinstatement of the R&D tax credit in December 2010, retroactive to January 1, 2010; a reduction in a state tax credit valuation reserve we had recorded in prior years; and a benefit from the increase to the Irish deferred tax asset as a result of the increase in the Irish manufacturing tax rate from 10% to 12.5%. In the second quarter of fiscal 2011, the Company recorded a one-time $10.8 million tax benefit for a settlement with the Internal Revenue Service related to certain tax matters for the fiscal 2004 through fiscal 2007 tax years. We excluded these tax-related items from our non-GAAP measures because they are not associated with the tax expense on our current operating results.

In the third quarter of fiscal 2012, the Company recorded a one-time $3.4 million tax benefit related to the release of a tax reserve for an expired tax year. We excluded this tax-related item from our non-GAAP measures because it is not associated with the tax expense on our current operating results.

Why Management Believes the Non-GAAP Financial Measures Provide Useful Information to Investors

Management believes that the presentation of non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margins, and non-GAAP diluted EPS is useful to investors because it provides investors with the operating results that management uses to manage the Company.

Material Limitations Associated with Use of the Non-GAAP Financial Measures

Analog Devices believes that non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margins, and non-GAAP diluted EPS have material limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate our results of operations in conjunction with the corresponding GAAP measures. In addition, our non-GAAP measures may not be comparable to the non-GAAP measures reported by other companies. The Company’s use of non-GAAP measures, and the underlying methodology when excluding certain items, is not necessarily an indication of the results of operations that may be expected in the future, or that the Company will not, in fact, record such items in future periods.

Management’s Compensation for Limitations of Non-GAAP Financial Measures

Management compensates for these material limitations in non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margins, and non-GAAP diluted EPS by also evaluating our GAAP results and the reconciliations of our non-GAAP measures to the most directly comparable GAAP measures. Investors should consider our non-GAAP financial measures in conjunction with the corresponding GAAP measures.

About Analog Devices

Innovation, performance, and excellence are the cultural pillars on which Analog Devices has built one of the longest standing, highest growth companies within the technology sector. Acknowledged industry-wide as the world leader in data conversion and signal conditioning technology, Analog Devices serves over 60,000 customers, representing virtually all types of electronic equipment. Analog Devices is headquartered in Norwood, Massachusetts, with design and manufacturing facilities throughout the world. Analog Devices' common stock is included in the S&P 500 Index.

This release may be deemed to contain forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, our statements regarding expected revenue, earnings per share, operating expenses, gross margin, tax rate, and other financial results, expected production and inventory levels, expected market trends, and expected customer demand and order rates for our products, that are based on our current expectations, beliefs, assumptions, estimates, forecasts, and projections about our business and the industry and markets in which Analog Devices operates. The statements contained in this release are not guarantees of future performance, are inherently uncertain, involve certain risks, uncertainties, and assumptions that are difficult to predict, and do not give effect to the potential impact of any mergers, acquisitions, divestitures, or business combinations that may be announced or closed after the date hereof. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements, and such statements should not be relied upon as representing Analog Devices’ expectations or beliefs as of any date subsequent to the date of this press release. We do not undertake any obligation to update forward-looking statements made by us. Important factors that may affect future operating results include: sovereign debt issues globally, any faltering in global economic conditions or the stability of credit and financial markets, erosion of consumer confidence and declines in customer spending, unavailability of raw materials, services, supplies or manufacturing capacity, changes in geographic, product or customer mix, adverse results in litigation matters, and other risk factors described in our most recent filings with the Securities and Exchange Commission. Our results of operations for the periods presented in this release are not necessarily indicative of our operating results for any future periods. Any projections in this release are based on limited information currently available to Analog Devices, which is subject to change. Although any such projections and the factors influencing them will likely change, we will not necessarily update the information, as we will only provide guidance at certain points during the year. Such information speaks only as of the original issuance date of this release.

Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners.

Analog Devices, Fourth Quarter, Fiscal 2012
                     

Schedule A

Revenue and Earnings Summary (GAAP)
(In thousands, except per-share amounts)
 
                     
Three Months Ended Twelve Months Ended
4Q 12 3Q 12 4Q 11 FY 12 FY 11
       

Nov. 3,
2012

   

Aug. 4,
2012

   

Oct. 29,
2011

Nov. 3,
2012

   

Oct. 29,
2011

Revenue $ 694,964 $ 683,026 $ 716,134 $ 2,701,142 $ 2,993,320
Year-to-year change -3 % -10 % -7 % -10 % 8 %
Quarter-to-quarter change 2 % 1 % -6 %
Cost of sales (1)         251,682         235,152         255,620     960,141         1,006,779  
Gross margin 443,282 447,874 460,514 1,741,001 1,986,541
Gross margin percentage 63.8 % 65.6 % 64.3 % 64.5 % 66.4 %
Year-to-year change (basis points) -50 -160 -270 -190 120
Quarter-to-quarter change(basis points)         -180         40         -290          
Operating expenses:
R&D (1) 130,394 129,694 123,889 512,003 505,570
Selling, marketing and G&A (1) 97,609 99,873 99,094 396,519 406,707
Special charges         -         5,836         2,239     8,431         2,239  
Total operating expenses 228,003 235,403 225,222 916,953 914,516
Total operating expenses percentage 32.8 % 34.5 % 31.4 % 33.9 % 30.6 %
Year-to-year change (basis points) 140 400 150 330 -200
Quarter-to-quarter change (basis points)         -170         80         90          
Operating income 215,279 212,471 235,292 824,048 1,072,025
Operating income percentage 31.0 % 31.1 % 32.9 % 30.5 % 35.8 %
Year-to-year change (basis points) -190 -570 -420 -530 320
Quarter-to-quarter change (basis points)         -10         -40         -390          
Other expense         2,755         3,002         4,292     10,515         10,578  
Income before income tax 212,524 209,469 231,000 813,533 1,061,447
Provision for income taxes 33,337 39,701 47,473 162,297 200,553
Tax rate percentage         15.7 %       19.0 %       20.6 %   19.9 %       18.9 %
Income from continuing operations, net of tax         179,187         169,768         183,527     651,236         860,894  
Income from discontinued operations, net of tax         -         -         -     -         6,500  
Net income       $ 179,187       $ 169,768       $ 183,527   $ 651,236       $ 867,394  
 
Shares used for EPS - basic 300,679 298,445 298,910 298,761 299,417
Shares used for EPS - diluted 307,954 305,359 305,734 306,191 308,236
 
Earnings per share from continuing operations - basic $ 0.60 $ 0.57 $ 0.61 $ 2.18 $ 2.88
Earnings per share from continuing operations- diluted $ 0.58 $ 0.56 $ 0.60 $ 2.13 $ 2.79
 
 
Earnings per share - basic $ 0.60 $ 0.57 $ 0.61 $ 2.18 $ 2.90
Earnings per share - diluted $ 0.58 $ 0.56 $ 0.60 $ 2.13 $ 2.81
 
Dividends paid per share       $ 0.30       $ 0.30       $ 0.25   $ 1.15       $ 0.94  
 
(1) Includes stock-based compensation expense as follows:
Cost of sales $ 1,905 $ 1,871 $ 1,835 $ 7,254 $ 7,294
R&D $ 6,124 $ 5,999 $ 6,033 $ 23,169 $ 23,289
Selling, marketing and G&A $ 6,248 $ 5,921 $ 5,684 $ 23,077 $ 21,775
 
 

Analog Devices, Fourth Quarter, Fiscal 2012
           

Schedule B

Selected Balance Sheet Information (GAAP)
(In thousands)
 
4Q 12 3Q 12 4Q 11
     

Nov. 3,
2012

   

Aug. 4,
2012

   

Oct. 29,
2011

Cash & short-term investments $ 3,900,378 $ 3,765,045 $ 3,592,462
Accounts receivable, net 339,881 345,795 348,416
Inventories (1) 313,723 312,079 295,081
Other current assets       142,203       138,366       150,389
Total current assets 4,696,185 4,561,285 4,386,348
PP&E, net 500,867 490,581 478,839
Investments 30,242 29,615 29,361
Goodwill and intangible assets 312,605 308,190 287,287
Other       80,448       66,951       95,800
Total assets     $ 5,620,347     $ 5,456,622     $ 5,277,635
 
Deferred income on shipments to distributors, net $ 238,541 $ 246,674 $ 233,249
Other current liabilities 286,538 261,868 291,756
Long-term debt, non-current 807,098 842,540 871,876
Non-current liabilities 122,811 76,934 85,341
Shareholders' equity       4,165,359       4,028,606       3,795,413
Total liabilities & equity     $ 5,620,347     $ 5,456,622     $ 5,277,635
 

(1) Includes $2,517, $2,361 and $2,431 related to stock-based compensation in
4Q12, 3Q12 and 4Q11, respectively.

 
 

Analog Devices, Fourth Quarter, Fiscal 2012
                   

Schedule C

Cash Flow Statement (GAAP)
(In thousands)
 
                     
Three Months Ended Twelve Months Ended
4Q 12 3Q 12 4Q 11 FY 12 FY 11

Nov. 3,
2012

   

Aug. 4,
2012

   

Oct. 29,
2011

Nov. 3,
2012

   

Oct. 29,
2011

Cash flows from operating activities:
Net Income $ 179,187 $ 169,768 $ 183,527 $ 651,236 $ 867,394
Adjustments to reconcile net income
to net cash provided by operations:
Depreciation 27,484 27,107 28,781 109,705 116,873
Amortization of intangibles 54 56 267 128 1,346
Stock-based compensation expense 14,277 13,791 13,552 53,500 52,358
Gain on sale of business - - - - (6,500 )
Gain on sale of investments - - - (1,231 ) -
Excess tax benefit - stock options (2,678 ) (5,054 ) (7,640 ) (12,230 ) (44,936 )
Noncash portion of special charges - 219 - 219 -
Other non-cash activity (1,417 ) (1,380 ) (352 ) (3,187 ) 833
Deferred income taxes (5,696 ) 34 8,693 (9,801 ) 1,704
Changes in operating assets and liabilities       24,836         (66,835 )       3,332     26,203         (88,543 )
Total adjustments       56,860         (32,062 )       46,633     163,306         33,135  
Net cash provided by operating activities       236,047         137,706         230,160     814,542         900,529  
Percent of total revenue       34.0 %       20.2 %       32.1 %   30.2 %       30.1 %
 
Cash flows from investing activities:
Additions to property, plant and equipment, net (37,511 ) (39,239 ) (26,331 ) (132,176 ) (122,996 )
Net proceeds related to sale of businesses - - - - 10,000
Proceeds related to sale of investments - - - 1,506 -
Payments for acquisitions, net of cash acquired - - - (24,158 ) (13,988 )
Purchases of short-term available-for-sale investments (1,882,319 ) (1,854,249 ) (1,156,671 ) (8,165,043 ) (4,289,304 )
Maturities of short-term available-for-sale investments 1,713,973 1,534,235 1,101,973 6,543,795 3,436,284
Sales of short-term available-for-sale investments 99,843 76,330 23,476 437,748 282,861
(Increase) Decrease in other assets       (447 )       408         88     (1,362 )       (6,595 )
Net cash used for investing activities       (106,461 )       (282,515 )       (57,465 )   (1,339,690 )       (703,738 )
 
Cash flows from financing activities:
Proceeds from long-term debt - - - - 515,507
Term loan repayments (33,625 ) (3,625 ) (3,625 ) (56,500 ) (28,392 )
Early termination of swap agreements - - - 18,520 -
Dividend payments to shareholders (91,372 ) (89,511 ) (74,824 ) (344,701 ) (281,626 )
Repurchase of common stock (20,795 ) (17,344 ) (82,816 ) (160,536 ) (330,256 )
Net proceeds from employee stock plans 80,492 23,329 27,925 191,220 217,164
Contingent Consideration Payment - - - (1,991 ) -
(Decrease) increase in other financing activities (1,125 ) (4,755 ) 914 (7,869 ) 1,279
Excess tax benefit - stock options       2,678         5,054         7,640     12,230         44,936  
Net cash (used for) provided by financing activities       (63,747 )       (86,852 )       (124,786 )   (349,627 )       138,612  
Effect of exchange rate changes on cash       845         (1,256 )       (630 )   (1,492 )       (303 )
 
Net increase (decrease) in cash and cash equivalents 66,684 (232,917 ) 47,279 (876,267 ) 335,100
Cash and cash equivalents at beginning of period       462,149         695,066         1,357,821     1,405,100         1,070,000  
Cash and cash equivalents at end of period     $ 528,833       $ 462,149       $ 1,405,100   $ 528,833       $ 1,405,100  
 
 

Analog Devices, Fourth Quarter, Fiscal 2012
                       

Schedule D

Revenue Trends by End Market

The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the "ship to" customer information and the end customer product or application into which our product will be incorporated. As data systems for capturing and tracking this data evolve and improve, the categorization of products by end market can vary over time. When this occurs we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.
                               
Three Months Ended
Nov. 3, 2012

Aug. 4,
2012

Oct. 29,
2011

Revenue     %       Q/Q %     Y/Y % Revenue Revenue
Industrial $ 304,693 44 % -5 % -3 % $ 322,092 $ 315,716
Automotive 110,227 16 % -4 % -3 % 114,730 113,528
Consumer 137,620 20 % 28 % -6 % 107,848 146,221
Communications   142,424     20 % 3 % 1 %   138,356   140,669
Total Revenue $ 694,964     100 % 2 % -3 % $ 683,026 $ 716,134
 
                               
Twelve Months Ended
Nov. 3, 2012 Oct. 29,

2011

Revenue     %       Y/Y % Revenue
Industrial $ 1,240,344 46 % -12 % $ 1,411,386
Automotive 463,577 17 % 11 % 417,929
Consumer 467,626 17 % -16 % 559,142
Communications   529,595     20 % -12 %   604,863
Total Revenue $ 2,701,142     100 % -10 % $ 2,993,320
 
 

Analog Devices, Fourth Quarter, Fiscal 2012
                       

Schedule E

Revenue Trends by Product Type

The categorization of our products into broad categories is based on the characteristics of the individual products, the specification of the products and in some cases the specific uses that certain products have within applications. The categorization of products into categories is therefore subject to judgment in some cases and can vary over time. In instances where products move between product categories we reclassify the amounts in the product categories for all prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each product category.
                               
Three Months Ended
Nov. 3, 2012

Aug. 4,
2012

Oct. 29,
2011

Revenue     %       Q/Q %     Y/Y % Revenue Revenue
Converters $ 307,252 44 % 3 % -5 % $ 299,634 $ 323,291
Amplifiers / Radio Frequency 174,521 25 % -4 % -4 % 180,899 182,708
Other analog   112,083     16 % 14 % 11 %   98,269   101,176
Subtotal Analog Signal Processing   593,856     85 % 3 % -2 %   578,802   607,175
Power management & reference   45,808     7 % 1 % -14 %   45,401   53,173
Total Analog Products $ 639,664     92 % 2 % -3 % $ 624,203 $ 660,348
Digital Signal Processing   55,300     8 % -6 % -1 %   58,823   55,786
Total Revenue $ 694,964     100 % 2 % -3 % $ 683,026 $ 716,134
 
                               
Twelve Months Ended
Nov. 3, 2012 Oct. 29,

2011

Revenue     %*     Y/Y % Revenue
Converters $ 1,192,064 44 % -11 % $ 1,343,487
Amplifiers / Radio Frequency 697,687 26 % -11 % 788,299
Other analog   397,376     15 % -3 %   410,323
Subtotal Analog Signal Processing   2,287,127     85 % -10 %   2,542,109
Power management & reference $ 182,134     7 % -16 % $ 217,615
Total Analog Products   2,469,261     91 % -11 %   2,759,724
Digital Signal Processing   231,881     9 % -1 %   233,596
Total Revenue $ 2,701,142     100 % -10 % $ 2,993,320
 
* The sum of the individual percentages does not equal the total due to rounding

Analog Devices, Fourth Quarter, Fiscal 2012
                   

Schedule F

Reconciliation from Non-GAAP to GAAP Data (In thousands, except per-share amounts)
 
See "Non-GAAP Financial Information" in this press release for a description of the items excluded from our non-GAAP measures.
                     
Three Months Ended Twelve Months Ended
4Q 12 3Q 12 4Q 11 FY 12 FY 11

Nov. 3,
2012

Aug. 4,
2012

Oct. 29,
2011

Nov. 3,
2012

   

Oct. 29,
2011

 
GAAP Operating Expenses $ 228,003 $ 235,403 $ 225,222 $ 916,953 $ 914,516
Percent of Revenue 32.8 % 34.5 % 31.4 % 33.9 % 30.6 %
Restructuring-Related Expense         (5,836 )       -     (5,836 )       -  
Non-GAAP Operating Expenses $ 228,003       $ 229,567       $ 225,222   $ 911,117       $ 914,516  
Percent of Revenue 32.8 % 33.6 % 31.4 % 33.7 % 30.6 %
 
GAAP Operating Income/Margin From Continuing Operations $ 215,279 $ 212,471 $ 235,292 $ 824,048 $ 1,072,025
Percent of Revenue 31.0 % 31.1 % 32.9 % 30.5 % 35.8 %
Restructuring-Related Expense   -         5,836         -     5,836         -  
Non-GAAP Operating Income/Margin From Continuing Operations $ 215,279       $ 218,307       $ 235,292   $ 829,884       $ 1,072,025  
Percent of Revenue 31.0 % 32.0 % 32.9 % 30.7 % 35.8 %
 
GAAP Diluted EPS Including Discontinued Operations $ 0.58 $ 0.56 $ 0.60 $ 2.13 $ 2.81
Diluted Loss Per Share from Discontinued Operations - - - - 0.02
GAAP Diluted EPS From Continuing Operations $ 0.58 $ 0.56 $ 0.60 $ 2.13 $ 2.79
IRS Tax Settlement - - - - (0.04 )
Impact of the Reinstatement of the R&D Tax Credit - - - - (0.02 )
Impact of State Tax Valuation - - - - (0.02 )
Impact of Increase in Irish Tax Rate - - - - (0.00 )
Restructuring-Related Expense - 0.01 - 0.01 -
Impact of Expired Tax Statute   -         (0.01 )       -     (0.01 )       -  
Non-GAAP Diluted EPS From Continuing Operations (1) $ 0.58       $ 0.56       $ 0.60   $ 2.13       $ 2.72  
 
(1) The sum of the individual per share amounts may not equal the total due to rounding.

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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 & ...
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The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...