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Genesco Reports Third Quarter Fiscal 2013 Results

--Third Quarter Comparable Store Sales Increase 4%--

NASHVILLE, Tenn., Nov. 30, 2012 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today reported earnings from continuing operations for the third quarter ended October 27, 2012, of $41.0 million, or $1.71 per diluted share, compared to earnings from continuing operations of $26.2  million, or $1.09 per diluted share, for the third quarter ended October 29, 2011.  Fiscal 2013 third quarter results reflect pretax items of $3.4 million, or $0.13 per diluted share after tax, including compensation expense related to deferred purchase price payments in connection with the acquisition of Schuh Group Limited in June 2011, asset impairments and other legal matters, decreased by tax rate adjustments of $0.40 per diluted share.  As previously announced, because the obligation to pay the deferred purchase price for Schuh is contingent upon the continued employment of the payees, U.S. Generally Accepted Accounting Principles require that it be treated as compensation expense. Fiscal 2012 third quarter results reflect pretax items of $3.4 million, or $0.12 per diluted share after tax, including compensation expense related to deferred purchase price payments in connection with the acquisition of Schuh Group Limited in June 2011, acquisition expenses and other legal matters.

Adjusted for the items described above in both periods, earnings from continuing operations were $34.5 million, or $1.44 per diluted share, for the third quarter of Fiscal 2013, compared to earnings from continuing operations of $29.1 million, or $1.21 per diluted share, for the third quarter of Fiscal 2012.  For consistency with Fiscal 2013's previously announced earnings expectations and with previously reported adjusted results for the prior year period, the Company believes that the disclosure of the results from continuing operations adjusted for these items will be useful to investors. Additionally, the Company believes that the presentation of earnings from continuing operations before the compensation expense associated with the Schuh deferred purchase price will enable investors to understand the effect attributable to incorporating a continuing employment condition into the obligation to pay deferred purchase price.  Since the compensation expense is a non-cash charge until the deferred purchase price is actually paid, the Company believes that earnings including such expense may not be fully reflective of the Company's ongoing results or indicative of its prospects. A reconciliation of earnings and earnings per share from continuing operations in accordance with U.S. Generally Accepted Accounting Principles with the adjusted earnings and earnings per share numbers presented in this paragraph is set forth on Schedule B to this press release.

Net sales for the third quarter of Fiscal 2013 increased 7.8% to $664.5 million from $616.5 million in the third quarter of Fiscal 2012.  Comparable store sales in the third quarter of Fiscal 2013 increased by 4% for the Company, with an 8% increase in the Journeys Group, a 5% decrease in the Lids Sports Group, a 9% increase in the Schuh Group, and a 6% increase in Johnston & Murphy Group.

Robert J. Dennis, chairman, president and chief executive officer of Genesco, said, "Our third quarter results were highlighted by strong earnings growth as we were able to meaningfully leverage expenses on a mid single digit comparable store sales gain.

"The fourth quarter got off to a slow start with November comparable store sales down 4% compared with a 12% increase in November last year.  We estimate that Hurricane Sandy reduced November comparable store sales by approximately 1% to 2%.  For the long Thanksgiving weekend, U.S. comparable store sales increased by low single digits."

Dennis also discussed the Company's updated outlook. "Based on our third quarter performance and our view of current trends in the marketplace, we are raising our Fiscal 2013 guidance. We now expect full year adjusted diluted earnings per share to be in the range of $5.00 to $5.08, an increase from our previous guidance range of $4.88 to $5.00. This new outlook represents an increase of 22% to 24% over last year's adjusted earnings per share of $4.09. Consistent with previous guidance, these expectations do not include expected non-cash asset impairments and other charges, which are projected to total approximately $1.5 million to $2.5 million pretax, or $0.04 to $0.07 per share, after tax, in Fiscal 2013. In addition, this guidance does not reflect compensation expense associated with the Schuh deferred purchase price as described above, totaling approximately $12.0 million, or $0.50 per diluted share, for the full year. This guidance assumes comparable store sales in the 4% range for the full fiscal year." A reconciliation of the adjusted financial measures cited in the guidance to their corresponding measures as reported pursuant to U.S. Generally Accepted Accounting Principles is included in Schedule B to this press release.

Dennis concluded, "Our teams have done a good job managing their businesses through the first nine months of Fiscal 2013. Collectively they have the Company on pace to deliver another year of solid sales and earnings per share growth.  We look to continue the progress we have made profitably expanding our top-line, and have recently adopted updated 5-year targets for annual sales of $3.5 billion and operating margins of 9.5% by Fiscal 2017."

Conference Call and Management Commentary

The Company has posted detailed financial commentary in writing on its website, www.genesco.com, in the investor relations section. The Company's live conference call on November 30, 2012 at 7:30 a.m. (Central time), may be accessed through the Company's internet website, www.genesco.com. To listen live, please go to the website at least 15 minutes early to register, download and install any necessary software.

Cautionary Note Concerning Forward-Looking Statements

This release contains forward-looking statements, including those regarding the performance outlook for the Company and its individual businesses (including, without limitation, sales, earnings and operating margins), and all other statements not addressing solely historical facts or present conditions. Actual results could vary materially from the expectations reflected in these statements. A number of factors could cause differences.  These include adjustments to estimates reflected in forward-looking statements, including the amount of required accruals related to the contingent bonus potentially payable to Schuh management in three years based on the achievement of certain performance objectives; the costs of responding to and liability in connection with the network intrusion announced in December 2010; the timing and amount of non-cash asset impairments, potentially including fixed assets in retail stores and intangible assets of acquired businesses; weakness in the consumer economy; competition in the Company's markets; inability of customers to obtain credit; fashion trends that affect the sales or product margins of the Company's retail product offerings; changes in buying patterns by significant wholesale customers; bankruptcies or deterioration in financial condition of significant wholesale customers; disruptions in product supply or distribution; unfavorable trends in fuel costs, foreign exchange rates, foreign labor and material costs, and other factors affecting the cost of products; the Company's ability to continue to complete and integrate acquisitions, expand its business and diversify its product base; and changes in the timing of holidays or in the onset of seasonal weather affecting period-to-period sales comparisons. Additional factors that could affect the Company's prospects and cause differences from expectations include the ability to build, open, staff and support additional retail stores and to renew leases in existing stores and maintain reductions in occupancy costs achieved in recent lease negotiations, and to conduct required remodeling or refurbishment on schedule and at expected expense levels; deterioration in the performance of individual businesses or of the Company's market value relative to its book value, resulting in impairments of fixed assets or intangible assets or other adverse financial consequences; unexpected changes to the market for the Company's shares; variations from expected pension-related charges caused by conditions in the financial markets; and the outcome of litigation, investigations and environmental matters involving the Company. Additional factors are cited in the "Risk Factors," "Legal Proceedings" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of, and elsewhere in, our SEC filings, copies of which may be obtained from the SEC website, www.sec.gov, or by contacting the investor relations department of Genesco via our website, www.genesco.com. Many of the factors that will determine the outcome of the subject matter of this release are beyond Genesco's ability to control or predict. Genesco undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements reflect the expectations of the Company at the time they are made. The Company disclaims any obligation to update such statements.

About Genesco Inc.

Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear, sports apparel and accessories in more than 2,440 retail stores throughout the U.S., Canada, the United Kingdom and the Republic of Ireland, principally under the names Journeys, Journeys Kidz, Shi by Journeys, Underground by Journeys, Schuh, Lids, Lids Locker Room, Johnston & Murphy, and on internet websites www.journeys.com, www.journeyskidz.com, www.shibyjourneys.com, www.undergroundbyjourneys.com, www.schuh.co.uk, www.johnstonmurphy.comwww.lids.com,  www.lids.ca, www.lidslockerroom.com, www.lidsteamsports.com, www.lidsclubhouse.com, www.suregripfootwear.com and www.dockersshoes.com.  The Company's Lids Sports Group division operates the Lids headwear stores and the lids.com website, the Lids Locker Room and other team sports fan shops and single team clubhouse stores, and the Lids Team Sports team dealer business.  In addition, Genesco sells wholesale footwear under its Johnston & Murphy brand, the licensed Dockers brand, SureGrip, and other brands. For more information on Genesco and its operating divisions, please visit www.genesco.com.

GENESCO INC.













Consolidated Earnings Summary












Three Months Ended 


Nine Months Ended 





October 27, 


October 29, 


October 27, 


October 29, 



In Thousands


2012


2011 *


2012


2011* 



Net sales


$     664,458


$     616,525


$ 1,808,124


$  1,568,618



Cost of sales


330,110


306,068


894,090


775,604



Selling and administrative expenses**

281,613


264,200


807,798


717,990



Asset impairments and other, net

357


345


896


1,936



Earnings from operations**

52,378


45,912


105,340


73,088



Interest expense, net

1,301


1,869


3,625


3,464



Earnings from continuing operations










    before income taxes

51,077


44,043


101,715


69,624














Income tax expense

10,108


17,882


29,394


28,138



Earnings from continuing operations

40,969


26,161


72,321


41,486














Provision for discontinued operations

(94)


(73)


(312)


(997)



Net Earnings 


$       40,875


$       26,088


$       72,009


$      40,489













*Certain shipping and warehouse expenses have been reclassed from selling and administrative expenses 



to cost of sales in Fiscal 2012 to conform to the current year presentation.


**Includes $3.0 million and $8.9 million, respectively, in deferred payments related to the Schuh acquisition for



the three and nine months ended October 27, 2012.  Includes $3.1 million and $10.9 million, respectively,



of deferred payments related to the Schuh acquisition and acquisition related expenses for the three and



nine months ended October 29, 2011.



Earnings Per Share Information












Three Months Ended 


Nine Months Ended 





October 27, 


October 29, 


October 27, 


October 29, 



In Thousands (except per share amounts)

2012


2011


2012


2011



Preferred dividend requirements

$               33


$               49


$            114


$             147














Average common shares - Basic EPS

23,584


23,407


23,653


23,158














Basic earnings per share:










     Before discontinued operations

$           1.74


$           1.12


$           3.05


$            1.79



     Net earnings 

$           1.73


$           1.11


$           3.04


$            1.74














Average common and common










    equivalent shares - Diluted EPS

23,996


23,976


24,121


23,728














Diluted earnings per share:










     Before discontinued operations

$           1.71


$           1.09


$           3.00


$            1.74



     Net earnings 

$           1.70


$           1.09


$           2.98


$            1.70













GENESCO INC.













Consolidated Earnings Summary












Three Months Ended 


Nine Months Ended 





October 27, 


October 29, 


October 27, 


October 29, 



In Thousands


2012


2011


2012


2011



Sales:











    Journeys Group

$     300,718


$     274,158


$     773,997


$      703,368



    Schuh Group


92,250


78,212


243,718


112,185



    Lids Sports Group

185,737


185,547


550,752


532,746



    Johnston & Murphy Group

53,079


48,146


152,771


141,768



    Licensed Brands

32,450


30,259


85,972


77,727



    Corporate and Other

224


203


914


824



    Net Sales


$     664,458


$     616,525


$ 1,808,124


$  1,568,618



Operating Income (Loss):










    Journeys Group

$       37,073


$       28,238


$       64,420


$        41,821



    Schuh Group (1)

2,709


4,417


(787)


4,340



    Lids Sports Group

18,573


18,892


58,312


51,002



    Johnston & Murphy Group

3,158


2,979


8,981


8,029



    Licensed Brands

3,724


3,700


8,516


7,998



    Corporate and Other (2)

(12,859)


(12,314)


(34,102)


(40,102)



   Earnings from operations

52,378


45,912


105,340


73,088



   Interest, net


1,301


1,869


3,625


3,464



Earnings from continuing operations










    before income taxes

51,077


44,043


101,715


69,624



Income tax expense

10,108


17,882


29,394


28,138



Earnings from continuing operations

40,969


26,161


72,321


41,486














Provision for discontinued operations

(94)


(73)


(312)


(997)



Net Earnings 


$       40,875


$       26,088


$       72,009


$        40,489













(1)Includes $3.0 million and $8.9 million in deferred payments related to the Schuh acquisition in the third quarter and nine



months ended October 27, 2012, respectively, and $2.9 million and $4.3 million for the third quarter and nine months



ended October 29, 2011, respectively.




















(2)Includes a $0.4 million charge in the third quarter of Fiscal 2013 which includes $0.3 million for asset impairments and



$0.1 million for other legal matters and includes a $0.9 million charge in the nine months of Fiscal 2013 which includes   


$0.7 million for asset impairments, $0.1 million for network intrusion expenses and $0.1 million for other legal matters.


Includes a $0.3 million charge in the third quarter of Fiscal 2012 which includes $0.2 million for other legal matters and


$0.1 million for network intrusion expenses and includes $1.9 million of other charges in the nine months of Fiscal 2012


which includes $1.1 million for asset impairments, $0.5 million for network intrusion expenses and $0.3 million for other 


legal matters. The third quarter and nine months of Fiscal 2012 also included $0.2 million and $6.6 million, respectively,


of acquisition related expenses.









 

GENESCO INC.
























Consolidated Balance Sheet


















Recast









October 27, 


October 29, 



In Thousands






2012


2011 (1)



Assets











Cash and cash equivalents





$       39,890


$        36,073



Accounts receivable





61,006


61,393



Inventories






600,251


544,099



Other current assets





65,629


76,124



Total current assets





766,776


717,689



Property and equipment





239,499


229,525



Other non-current assets





427,123


412,532



Total Assets






$  1,433,398


$   1,359,746



Liabilities and  Equity










Accounts payable





$     219,826


$      243,594



Other current liabilities





169,109


146,017



Total current liabilities





388,935


389,611



Long-term debt






86,296


142,648



Other long-term liabilities





182,277


147,190



Equity






775,890


680,297



Total Liabilities and Equity





$  1,433,398


$  1,359,746













(1)

 

Certain previously reported October 29, 2011 balances have been recast to reflect the effects of finalizing the allocation of the Schuh purchase price.
























GENESCO INC.















































Retail Units Operated - Nine Months Ended October 27, 2012

















Balance


Acquisi-






Balance


Acquisi-






Balance





01/29/11


tions


Open


Close


01/28/12


tions


Open


Close


10/27/12



Journeys Group


1,168


0


18


32


1,154


0


23


20


1,157



    Journeys


813


0


14


15


812


0


16


10


818



    Underground by Journeys


151


0


0


14


137


0


0


4


133



    Journeys Kidz


149


0


4


1


152


0


6


3


155



    Shi by Journeys


55


0


0


2


53


0


1


3


51



Schuh Group


0


75


6


3


78


0


12


2


88



     Schuh UK


0


51


6


1


56


0


11


1


66



     Schuh ROI


0


8


0


0


8


0


1


0


9



     Schuh Concessions


0


16


0


2


14


0


0


1


13



Lids Sports Group


985


10


40


33


1,002


20


41


16


1,047



Johnston & Murphy Group


156


0


6


9


153


0


5


2


156



    Shops


111


0


1


9


103


0


3


2


104



    Factory Outlets


45


0


5


0


50


0


2


0


52



Total Retail Units


2,309


85


70


77


2,387


20


81


40


2,448


 


Retail Units Operated - Three Months Ended October 27, 2012









Balance


Acquisi-






Balance





07/28/12


tions


Open


Close


10/27/12



Journeys Group


1,147


0


11


1


1,157



    Journeys


810


0


8


0


818



    Underground by Journeys


133


0


0


0


133



    Journeys Kidz


152


0


3


0


155



    Shi by Journeys


52


0


0


1


51



Schuh Group


83


0


7


2


88



     Schuh UK


61


0


6


1


66



     Schuh ROI


8


0


1


0


9



     Schuh Concessions


14


0


0


1


13



Lids Sports Group


1,021


8


23


5


1,047



Johnston & Murphy Group


153


0


3


0


156



    Shops


103


0


1


0


104



    Factory Outlets


50


0


2


0


52



Total Retail Units


2,404


8


44


8


2,448


 


Constant Store Sales













          Three Months Ended


       Nine Months Ended





October 27,


October 29,


October 27,


October 29,





2012


2011


2012


2011



Journeys Group


8%


15%


9%


15%



Schuh Group


9%


-


9%


-



Lids Sports Group


-5%


8%


0%


12%



Johnston & Murphy Group


6%


7%


4%


11%



Total Constant Store Sales


4%


12%


6%


13%


Schedule B


Genesco Inc.


Adjustments to Reported Earnings from Continuing Operations


Three Months Ended October 27, 2012 and October 29, 2011












 Impact on 


 Impact on 




 3 mos 

  Diluted 

 3 mos 

  Diluted 


In Thousands (except per share amounts)


 Oct 2012 

 EPS 

 Oct 2011 

 EPS 


Earnings from continuing operations, as reported


$     40,969

$   1.71

$      26,161

$   1.09









Adjustments:  (1)







Impairment charges


179

0.01

32

-


Acquisition expenses


-

-

206

0.01


Deferred payment - Schuh acquisition


2,971

0.12

2,882

0.12


Other legal matters


46

-

120

-


Network intrusion expenses


-

-

68

-


Lower effective tax rate (2)


(9,694)

(0.40)

(355)

(0.01)









Adjusted earnings from continuing operations (3)


$     34,471

$   1.44

$      29,114

$   1.21
















(1) All adjustments are net of tax where applicable.  The tax rate for the third quarter of Fiscal 2013 is 36.6%


    excluding a FIN 48 discrete item of less than $0.1 million.  The tax rate for the third quarter of Fiscal 2012 is  

    38.4% excluding a FIN 48 discrete item of $0.1 million.









(2) Includes a net benefit of $9.3 million recognized in connection with the resolution of various previously uncertain

     tax positions.














(3) Reflects 24.0 million share count for both Fiscal 2013 and Fiscal 2012 which includes 



     common stock equivalents in both years.














The Company believes that disclosure of earnings and earnings per share from continuing operations adjusted


for the items not reflected in the previously announced expectations will be meaningful to investors, especially


in light of the impact of such items on the results.



































Schuh Group




Adjustments to Reported Operating Income 




Three Months Ended October 27, 2012 and October 29, 2011













 3 mos 

 3 mos 




In Thousands 


 Oct 2012 

 Oct 2011 




Operating income


$      2,709

$  4,417











Adjustments: 







Deferred payment - Schuh acquisition


2,971

2,882











Adjusted operating income 


$      5,680

$  7,299











 

Schedule B

Genesco Inc.

Adjustments to Reported Earnings from Continuing Operations

Nine Months Ended October 27, 2012 and October 29, 2011










 Impact on 


 Impact on 



 9 mos 

  Diluted 

 9 mos 

  Diluted 

In Thousands (except per share amounts)


 Oct 2012 

 EPS 

 Oct 2011 

 EPS 

Earnings from continuing operations, as reported


$     72,321

$   3.00

$      41,486

$        1.74







Adjustments:  (1)






Impairment charges


456

0.02

674

0.03

Acquisition expenses


-

-

5,628

0.24

Deferred payment - Schuh acquisition


8,854

0.37

4,301

0.18

Other legal matters


46

-

180

0.01

Network intrusion expenses


65

-

329

0.01

Lower effective tax rate


(11,347)

(0.47)

(2,551)

(0.11)







Adjusted earnings from continuing operations (2)


$     70,395

$   2.92

$      50,047

$        2.10













(1) All adjustments are net of tax where applicable.  The tax rate for the first nine months of Fiscal 2013 is 36.6%

    excluding a FIN 48 discrete item of $0.3 million.  The tax rate for the first nine months of Fiscal 2012 is 38.9% 

    excluding a FIN 48 discrete item of $0.3 million.












(2) Reflects 24.1 million share count for Fiscal 2013 and 23.7 million share count for Fiscal 2012 which includes 

     common stock equivalents in both years.












The Company believes that disclosure of earnings and earnings per share from continuing operations adjusted

for the items not reflected in the previously announced expectations will be meaningful to investors, especially

in light of the impact of such items on the results.






























Schuh Group



Adjustments to Reported Operating Income (Loss)



Nine Months Ended October 27, 2012 and October 27, 2011











 9 mos 

 9 mos 



In Thousands 


 Oct 2012 

 Oct 2011 



Operating income (loss)


$        (787)

$  4,340









Adjustments: 






Deferred payment - Schuh acquisition


8,854

4,301









Adjusted operating income 


$      8,067

$  8,641









 

Schedule B

Genesco Inc.

Adjustments to Forecasted Earnings from Continuing Operations

Fiscal Year Ending February 2, 2013







In Thousands (except per share amounts)


High Guidance

Low Guidance



Fiscal 2013

Fiscal 2013

Forecasted earnings from continuing operations 


$    120,562

$       5.01

$ 118,849

$       4.93







Adjustments:  (1)






Impairment


1,000

0.04

1,000

0.04

Deferred payment - Schuh acquisition


11,965

0.50

11,965

0.50

Lower effective tax rate


(11,347)

(0.47)

(11,347)

(0.47)







Adjusted forecasted earnings from continuing operations (2)

$    122,180

$       5.08

$ 120,467

$       5.00







(1) All adjustments are net of tax where applicable.  The forecasted tax rate for Fiscal 2013 is approximately 37% 

    excluding a FIN 48 discrete item of $0.4 million.












(2) Reflects 24.1 million share count for Fiscal 2013 which includes common stock equivalents.








This reconciliation reflects estimates and current expectations of future results. Actual results may vary 

materially from these expectations and estimates, for reasons including those included in the discussion 

of forward-looking statements elsewhere in this release. The Company disclaims any obligation to update 

such expectations and estimates.  






SOURCE Genesco Inc.

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19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
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SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit 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. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.