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Guess?, Inc. Reports Third Quarter Results

Q3 Fiscal 2013 EPS of $0.43, Compared to EPS of $0.71 in Q3 Fiscal 2012

LOS ANGELES, Nov. 28, 2012 /PRNewswire/ -- Guess?, Inc. (NYSE: GES) today reported financial results for its third quarter ended October 27, 2012. 

Third Quarter Fiscal 2013 Highlights

  • Consolidated revenues decreased 2% to $629 million; up 1% in constant dollars
  • Asian revenues increased 16%
  • North American Retail revenues decreased 1%; retail comp sales declined 6%
  • European revenues increased 2% in local currency; declined 8% in U.S. dollars  
  • Operating earnings decreased 40% and operating margin declined 590 basis points to 9.2%

This press release contains certain non-GAAP, or adjusted, financial measures, which exclude a settlement charge incurred during the second quarter of fiscal 2012. A reconciliation of reported GAAP results to comparable non-GAAP results is provided in the accompanying tables and discussed under the heading "Presentation of Non-GAAP Information" below.

Third Quarter Fiscal 2013 Results

For the third quarter of fiscal 2013, the Company generated net earnings of $36.6 million, a 44.7% decrease compared to net earnings of $66.3 million for the third quarter of fiscal 2012.  Diluted earnings per share decreased 39.4%, to $0.43, compared to diluted earnings per share of $0.71 for the prior-year quarter.    

Paul Marciano, Chief Executive Officer, commented, "Third quarter earnings were consistent with our guidance but fell short of our operational goals, as economic pressures impacted consumer confidence in most of our markets.  Our European business was stronger at the beginning of the quarter, though business softened toward the end of the period.  We posted solid double digit growth in Asia.  In North America, our key strategies remain relevant as we focus on driving traffic to the stores through enhanced customer engagement initiatives and elevating the brand with quality."

Mr. Marciano continued, "We do expect that the current market conditions in the global economy will continue for some time and we are more cautious on near term customer demand trends.  Accessories performance, specifically handbags and watches, have been a top priority and I am very confident of these categories going forward.  Our goal is to retain our high-quality standards.  Meanwhile, our team is focused on shortening the development cycle of a large portion of our products to a fast track calendar to deliver current trends at the right time, in addition to our iconic denim lines for men and women that we have offered for the last 30 years."

Mr. Marciano concluded, "We have a strong financial position and will run our business proactively to adapt to the existing economic climate, manage our expenses and inventories tightly and reallocate capital in growth regions of the world, specifically Eastern and Northern Europe as well as Asia.  We plan to evaluate new strategies to drive growth and profitability and improve the performance of our stores in the U.S. and in Canada.  At the same time, with our strong financial position, our goal is to focus on delivering balanced returns to our shareholders, including through our dividend and share repurchase programs."   

Total net revenue for the third quarter of fiscal 2013 decreased 2.2% to $628.8 million, from $642.8 million in the prior-year quarter.  In constant dollars, total net revenue increased 1.2%. 

  • The Company's retail stores in North America generated revenue of $262.1 million in the third quarter of fiscal 2013, a 1.3% decrease from $265.6 million in the same period a year ago.  Comparable store sales decreased 6.0% for the third quarter of fiscal 2013, compared to the same period a year ago.  The Company directly operated 513 retail stores in the United States and Canada at the end of the third quarter of fiscal 2013 versus 495 stores a year earlier.
  • Net revenue from the Company's Europe segment decreased 8.3% to $202.6 million in the third quarter of fiscal 2013, compared to $221.0 million in the prior-year period.  In local currency, net revenue increased 1.7%.
  • Net revenue from the Company's Asia segment increased 15.5% to $74.8 million in the third quarter of fiscal 2013, from $64.8 million in the prior-year period.  In constant dollars, net revenue increased 15.6%.
  • Net revenue from the Company's North American Wholesale segment increased 1.0% to $57.9 million in the third quarter of fiscal 2013, compared to $57.3 million in the prior-year period.
  • Licensing segment net revenue decreased 7.6% to $31.5 million in the third quarter of fiscal 2013, from $34.0 million in the prior-year period.

Operating earnings for the third quarter of fiscal 2013 decreased 40.1% to $58.1 million (including a $2.4 million unfavorable currency translation impact) from operating earnings of $97.0 million in the prior-year period.  Operating margin in the third quarter declined 590 basis points to 9.2%, compared to operating margin of 15.1% in the prior-year quarter.  The lower operating margin primarily reflects the impact of higher occupancy and selling costs in Europe due to retail expansion, negative same store sales on the Company's fixed cost structure and increased investments in advertising.  In addition, product margins were lower, primarily driven by promotions in North America and the effect of pricing parity changes in Canada. 

Other net expense, which primarily includes net unrealized mark-to-market losses on foreign currency contracts and balances, partially offset by net unrealized gains on non-operating assets, was $0.2 million for the third quarter of fiscal 2013.  This compares to other net income of $1.9 million in the prior-year quarter.

The Company's reported effective tax rate increased to 34.8% in the third quarter of fiscal 2013, from 32.3% for the third quarter of the prior year. 

Nine-Month Period Results

Net earnings for the nine months ended October 27, 2012 were $106.2 million, a decrease of 43.3% compared to adjusted net earnings of $187.2 million for the nine months ended October 29, 2011.  The prior-year adjusted net earnings excluded a settlement charge of $19.5 million ($17.6 million net of the related tax impact) associated with the settlement of the Company's relationship with one of its former European service providers. Diluted earnings per share declined 39.8% to $1.21 per share in the first nine months of the 2013 fiscal year compared to adjusted diluted earnings per share of $2.01 in the comparable nine-month period last year.  On a GAAP basis, for the first nine months of fiscal 2013, net earnings decreased 37.4% and diluted earnings per share decreased 33.5%.

Total net revenue for the first nine months of fiscal 2013 decreased 3.6% to $1.84 billion from $1.91 billion in the prior-year period.  In constant dollars, total net revenue increased 0.6%.

  • The Company's retail stores in North America generated revenue of $766.9 million in the first nine months of fiscal 2013, a 0.9% decrease from $774.1 million in the same period a year ago.  Comparable store sales decreased 6.3% in local currency and 6.7% in U.S. dollars for the nine months ended October 27, 2012, compared to the nine months ended October 29, 2011.
  • Net revenue from the Company's Europe segment decreased 11.2% to $639.3 million in the first nine months of fiscal 2013, compared to $720.1 million in the prior-year period.  In local currency, Europe segment revenues decreased 1.6%. 
  • Net revenue from the Company's Asia segment increased 14.6% to $206.5 million in the first nine months of fiscal 2013, compared to $180.2 million in the prior-year period.  In constant dollars the increase was 16.5%.
  • Net revenue from the Company's North American Wholesale segment decreased 2.3% to $143.4 million in the first nine months of fiscal 2013, from $146.8 million in the prior-year period.
  • Licensing segment net revenue decreased 4.0% to $87.4 million in the first nine months of fiscal 2013, from $91.0 million in the prior-year period.

Operating earnings for the first nine months of fiscal 2013 decreased 45.0% to $154.6 million (including an $8.5 million unfavorable currency translation impact) from adjusted operating earnings of $280.9 million in the prior-year period.  Operating margin for the first nine months of fiscal 2013 declined 630 basis points to 8.4% compared to adjusted operating margin of 14.7% in the prior-year period.  The decline in operating margin primarily reflects the impact of higher occupancy and selling costs in Europe, negative same store sales on the Company's fixed cost structure, and increased investments in advertising and marketing.  Product margins for the year-to-date period were lower compared to the prior-year period driven by lower margin in North American Retail and unfavorable currency impact in Europe.  GAAP operating earnings decreased 40.9% and GAAP operating margin declined 530 basis points.

Other net income, which primarily includes net unrealized mark-to-market gains on foreign currency contracts and balances, and net unrealized gains on non-operating assets, was $5.8 million for the first nine months of fiscal 2013.  This compares to other net expense of $5.4 million in the prior-year period. 

The Company's effective tax rate was 33.0% for the first nine months of both fiscal 2013 and fiscal 2012.

Outlook

The Company's expectations for the fourth quarter of fiscal 2013 ending February 2, 2013, are as follows:

  • Consolidated net revenues are expected to range from $780 million to $800 million.
  • Operating margin is expected to be between 14.5% and 15.5%.
  • Diluted earnings per share are expected to be in the range of $0.85 to $0.95.

The Company updated its outlook for the fiscal year ending February 2, 2013, which is now as follows:

  • Consolidated net revenues are expected to range from $2.62 billion to $2.64 billion.
  • Operating margin is expected to be between 10.0% and 10.5%.
  • Diluted earnings per share are expected to be in the range of $2.05 to $2.15.

Dividends

The Company also announced today that its Board of Directors has approved a quarterly cash dividend of $0.20 per share on the Company's common stock.  The Board of Directors has also approved a special cash dividend of $1.20 per share to be paid with the regular quarterly dividend.  The combined dividends will be payable on December 28, 2012 to shareholders of record at the close of business on December 12, 2012.   

Presentation of Non-GAAP Information

The financial information presented in this release includes both GAAP and non-GAAP measures.  The "non-GAAP" or "adjusted" financial measures exclude the impact of a settlement charge incurred during the second quarter of fiscal 2012. In July 2011, the Company experienced a temporary disruption in its European supply chain, related to one of its service providers.  The Company subsequently entered into an agreement to terminate the relationship with that provider, resulting in a $19.5 million settlement charge in the second quarter of fiscal 2012.

The Company has excluded this settlement charge, and related tax impact, from its adjusted financial measures primarily because it does not believe such charge reflects the Company's ongoing operating results or future outlook.  The Company believes that these adjusted financial measures are useful as an additional means for investors to evaluate the comparability of the Company's operating results when reviewed in conjunction with the Company's GAAP financial statements.  A reconciliation of reported GAAP results to comparable non-GAAP results is provided in the accompanying tables. The non-GAAP measures are provided in addition to, and not as alternatives for, the Company's reported GAAP results. 

This release also includes certain constant currency financial information.  Foreign currency exchange rate fluctuations affect the amount reported from translating the Company's foreign revenues and expenses into U.S. dollars.  These rate fluctuations can have a significant effect on reported operating results under GAAP. The Company provides constant currency information to help investors assess how our businesses performed excluding the effects of changes in foreign currency translation rates. To calculate revenues and earnings from operations on a constant currency basis, operating results for the current year period for entities reporting in currencies other than U.S. dollars are translated into U.S. dollars at the average exchange rates in effect during the comparable period of the prior year. The constant currency calculations do not adjust for the impact of revaluing specific transactions denominated in a currency that is different to the functional currency of that entity when exchange rates fluctuate.  The constant currency information presented may not be comparable to similarly titled measures reported by other companies. 

Investor Conference Call

The Company will hold a conference call at 4:30 pm (ET) on November 28, 2012 to discuss the news announced in this press release.  A live webcast of the conference call will be accessible at www.guess.com via the "Investor Relations" link.  The webcast will be archived on the website for 30 days.

About Guess?

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, footwear and other related consumer products.  Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world.  As of October 27, 2012, the Company directly operated 513 retail stores in the United States and Canada and 312 retail stores in Europe, Asia and Latin America.  The Company's licensees and distributors operated an additional 837 retail stores outside of the United States and Canada. For more information about the Company, please visit www.guess.com.

Forward Looking Statements

Except for historical information contained herein, certain matters discussed in this press release, including statements concerning the Company's strategies, goals, expectations and future prospects, as well as guidance for the fourth quarter and full year of fiscal 2013, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements, which are frequently indicated by terms such as "expect," "will," "goal," "strategy," "believe," "continue," "outlook," "plan" and similar terms, are only expectations, and involve known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from what is currently anticipated.  Factors which may cause actual results in future periods to differ materially from current expectations include, among others: our ability to maintain our brand image and reputation; domestic and international economic conditions, including economic and other events that could negatively impact consumer confidence and discretionary consumer spending; changes in the competitive marketplace and in our commercial relationships; our ability to anticipate consumer preferences, effectively operate our various retail concepts and effectively manage inventories; our ability to successfully implement our growth strategies and to continue to expand or grow our business; unexpected obligations arising from litigation, tax and other regulatory proceedings; risks associated with our foreign operations, such as violations of laws prohibiting improper payments and the burdens of complying with a variety of foreign laws and regulations; and changes in economic, political, social and other conditions affecting our foreign operations and sourcing, including currency fluctuations, global tax rates and the current European economic crisis.  In addition to these factors, the economic, technological, managerial, and other risks identified in the Company's most recent annual report on Form 10-K and other filings with the Securities and Exchange Commission, including but not limited to the risk factors discussed therein, could cause actual results to differ materially from current expectations.  The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Guess?, Inc.


Investor Relations


(213) 765-5578

 

Guess?, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(amounts in thousands, except per share data)















Three Months Ended


Nine Months Ended


October 27,


October 29,


October 27,


October 29,


2012


2011 (2)


2012


2011 (2)


$

%


$

%


$

%


$

%

























Product sales

$ 597,374

95.0%


$ 608,777

94.7%


$ 1,756,123

95.3%


$ 1,821,198

95.2%

Net royalties

31,454

5.0%


34,026

5.3%


87,364

4.7%


91,008

4.8%

Net revenue

628,828

100.0%


642,803

100.0%


1,843,487

100.0%


1,912,206

100.0%













Cost of product sales

381,219

60.6%


367,202

57.1%


1,109,242

60.2%


1,091,119

57.1%













Gross profit 

247,609

39.4%


275,601

42.9%


734,245

39.8%


821,087

42.9%













Selling, general and administrative expenses

189,492

30.2%


178,632

27.8%


579,686

31.4%


540,193

28.3%

Settlement charge

-

0.0%


-

0.0%


-

0.0%


19,463

0.9%













Earnings from operations

58,117

9.2%


96,969

15.1%


154,559

8.4%


261,431

13.7%













Other income (expense):













Interest expense

(424)

(0.1%)


(775)

(0.1%)


(1,205)

(0.0%)


(1,539)

(0.1%)


Interest income

-

0.0%


661

0.1%


1,509

0.0%


2,433

0.1%


Other, net

(245)

(0.0%)


1,868

0.3%


5,765

0.3%


(5,437)

(0.3%)













Earnings before income taxes

57,448

9.1%


98,723

15.4%


160,628

8.7%


256,888

13.4%













Income taxes

19,989

3.1%


31,877

5.0%


53,007

2.9%


84,648

4.4%













Net earnings

37,459

6.0%


66,846

10.4%


107,621

5.8%


172,240

9.0%













Net earnings attributable to noncontrolling interests in subsidiaries

812

0.2%


551

0.1%


1,429

0.0%


2,606

0.1%













Net earnings attributable to Guess?, Inc.

$   36,647

5.8%


$   66,295

10.3%


$    106,192

5.8%


$    169,634

8.9%

























Net earnings per common share attributable to common stockholders:
















Basic

$       0.43



$       0.71



$          1.21



$          1.83















Diluted

$       0.43



$       0.71



$          1.21



$          1.82














Weighted average common shares outstanding attributable to common stockholders:
















Basic

84,408



92,011



86,857



91,835















Diluted

84,702



92,338



87,156



92,279



























Adjusted earnings from operations (1)







$    154,559

8.4%


$    280,894

14.7%














Adjusted net earnings attributable to Guess?, Inc. (1)







$    106,192

5.8%


$    187,247

9.8%














Adjusted diluted earnings per common share attributable to common stockholders (1)







$          1.21



$          2.01





























Notes:


(1)

The adjusted results reflect the exclusion of the settlement charge (and related taxes where applicable) recorded during the nine month period ended October 29, 2011. No adjustments have been made to the current-year period.  A complete reconciliation of actual results to adjusted results is presented in the table entitled "Reconciliation of GAAP Results to Adjusted Results."





(2)

For the three and nine month periods ended October 29, 2011, the Company reclassified certain distribution costs from selling, general and administrative expenses to cost of product sales to conform to current period presentation.  The reclassification had no impact on previously reported earnings from operations, net earnings or net earnings per share.


 

Guess?, Inc. and Subsidiaries

Reconciliation of GAAP Results to Adjusted Results

(amounts in thousands, except per share data)


The following table provides reconciliations of reported GAAP earnings from operations to adjusted earnings from operations and reported GAAP net earnings attributable to Guess?, Inc. to adjusted net earnings attributable to Guess?, Inc. for the nine months ended October 29, 2011.






Nine Months Ended


October 29,


2011



% of


$

Revenues




Reported GAAP earnings from operations

$   261,431

13.7%

  Add back settlement charge (1)

19,463





Adjusted earnings from operations

$   280,894

14.7%







Reported GAAP net earnings attributable to Guess?, Inc.

$   169,634

8.9%




  Add back settlement charge (1)

19,463


  Less income tax on settlement charge(2)

(1,850)


Total adjustments affecting net earnings attributable to Guess?, Inc.

17,613





Adjusted net earnings attributable to Guess?, Inc.

$  187,247

9.8%




Adjusted diluted earnings per common share attributable to common stockholders:

$        2.01








Weighted average common shares outstanding attributable to common stockholders:







Basic

91,835






Diluted

92,279












Notes:



(1)

In July 2011, the Company experienced a temporary disruption in its European supply chain, related to one of its service providers.  The Company subsequently entered into an agreement to terminate the relationship with that provider, resulting in a settlement charge in the second quarter of fiscal 2012, impacting the nine months ended October 29, 2011.  No adjustments have been made to the current-year period.  





(2)

The income tax effect of the settlement charge is based on the Company's assessment of deductibility using the statutory tax rate of the tax jurisdiction in which the charge was incurred.





 

Guess?, Inc. and Subsidiaries

Consolidated Segment Data

(dollars in thousands)













































Three Months Ended


Nine Months Ended



October 27,


October 29,


%


October 27,


October 29,


%



2012


2011


chg


2012


2011


chg














Net revenue:













Europe

$    202,594


$    221,041


-8%


$    639,326


$    720,068


-11%


North American Retail

262,064


265,637


-1%


766,874


774,147


-1%


Asia

74,838


64,782


16%


206,499


180,152


15%


North American Wholesale

57,878


57,317


1%


143,424


146,831


-2%


Licensing

31,454


34,026


-8%


87,364


91,008


-4%



$    628,828


$    642,803


-2%


$ 1,843,487


$ 1,912,206


-4%



























Earnings (loss) from operations:













Europe before settlement charge

$      14,572


$      34,152


-57%


$      51,675


$    131,014


-61%


Europe settlement charge, pre-tax

-


-




-


(19,463)




Europe including settlement charge

14,572


34,152


-57%


51,675


111,551


-54%















North American Retail

8,952


27,533


-67%


42,703


79,077


-46%


Asia

7,799


8,248


-5%


17,693


20,205


-12%


North American Wholesale

14,888


16,013


-7%


31,935


37,649


-15%


Licensing

27,103


30,698


-12%


74,558


81,188


-8%


Corporate Overhead

(15,197)


(19,675)


-23%


(64,005)


(68,239)


-6%



$      58,117


$      96,969


-40%


$    154,559


$    261,431


-41%



























Operating margins:













Europe before settlement charge

7.2%


15.5%




8.1%


18.2%




Europe including settlement charge

7.2%


15.5%




8.1%


15.5%

















North American Retail

3.4%


10.4%




5.6%


10.2%




Asia

10.4%


12.7%




8.6%


11.2%




North American Wholesale

25.7%


27.9%




22.3%


25.6%




Licensing 

86.2%


90.2%




85.3%


89.2%

















Total Company before settlement charge

9.2%


15.1%




8.4%


14.7%




Total Company including settlement charge

9.2%


15.1%




8.4%


13.7%



 

Guess?, Inc. and Subsidiaries

Selected Condensed Consolidated Balance Sheet Data

(in thousands)











October 27, 


January 28,


October 29,



2012


2012


2011








ASSETS










Cash and cash equivalents

$      287,288


$     491,805


$     426,725








Short-term investments

7,348


4,060


4,082








Receivables, net

332,440


340,602


376,502








Inventories

422,304


328,602


385,399








Other current assets

76,784


96,413


84,017








Property and equipment, net

356,396


348,885


352,514








Other assets

260,508


234,108


231,961









Total Assets

$   1,743,068


$  1,844,475


$  1,861,200















LIABILITIES AND STOCKHOLDERS' EQUITY










Current portion of borrowings and capital lease obligations

$          1,776


$         2,030


$         2,131








Other current liabilities

395,044


418,006


425,596








Capital lease obligations

8,739


10,206


11,372








Other long-term liabilities

221,373


211,675


174,519








Redeemable and nonredeemable noncontrolling interests

15,892


26,928


25,588








Guess?, Inc. stockholders' equity

1,100,244


1,175,630


1,221,994









Total Liabilities and Stockholders' Equity

$   1,743,068


$  1,844,475


$  1,861,200








 

Guess?, Inc. and Subsidiaries

Condensed Consolidated Cash Flow Data

(in thousands)











Nine Months Ended


October 27,


October 29, 


2012


2011









Net cash provided by operating activities

$       96,002


$      149,948





Net cash used in investing activities

(96,782)


(103,775)





Net cash used in financing activities

(200,150)


(52,510)





Effect of exchange rates on cash

(3,587)


6,025





Net decrease in cash and cash equivalents

(204,517)


(312)





Cash and cash equivalents at the beginning of the year

491,805


427,037





Cash and cash equivalents at the end of the period

$     287,288


$      426,725













Supplemental information:








Depreciation and amortization

$       66,280


$        59,153





Rent

$     198,997


$      184,798





 

Guess?, Inc. and Subsidiaries

Retail Store Data

International Store Count






















As of October 27, 2012


As of October 29, 2011



Total


Directly Operated


Total


Directly Operated

Region

Stores


Stores


Stores


Stores











United States and Canada

513


513


495


495











Europe and the Middle East

610


234


547


171











Asia

460


49


408


39











Central and South America

79


29


67


22












1,662


825


1,517


727



















 

Guess?, Inc. and Subsidiaries

Retail Store Data

U.S. and Canada














Nine Months Ended



October 27,


October 29,



2012


2011











Number of stores at the beginning of the year

504


481







Store openings

24


25







Store closures

(15)


(11)






Number of stores at the end of the period

513


495











Total store square footage at the end of the period

2,370,000


2,270,000











 

SOURCE Guess?, Inc.

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The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, 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. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
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,...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.