Welcome!

.NET Authors: Yakov Fain, Srinivasan Sundara Rajan, Nitin Bandugula, Elizabeth White, Pat Romanski

News Feed Item

CHC Helicopter Reports Revenue of $447m, EBITDAR of $126m in Fiscal-2013 Second Quarter

-- Revenue Up 6 Percent, EBITDAR Jumps 17 Percent

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/11/12 -- Revenue and earnings were up in CHC Helicopter's fiscal second-quarter 2013, as the company continues to transform itself into the most capable and efficient global helicopter-services operator.

CHC's revenue for the quarter, which ended Oct. 31, increased 6 percent from the same period a year ago, to $447 million. It was the seventh straight quarter of higher revenue and earnings since the company started its ambitious transformation. Net earnings were $7 million, compared with a net loss of $6 million in the FY12 second quarter.

Earnings before interest, taxes, depreciation, amortization and aircraft rental costs (EBITDAR), were $126 million, up 17 percent from the year-ago quarter. EBITDAR is CHC's primary measure of operational profitability.


                        Second Quarter                 Year-to-Date         
(U.S.$ in                               Change                        Change
 millions)              FY13        FY12  (ii)        FY12        FY11  (ii)
                ------------------------------------------------------------
Revenue          $       447 $       423    6% $       863 $       833    4%
EBITDAR(i)       $       126 $       107   17% $       227 $       208    9%
EBITDA(i)        $        77 $        65   19% $       130 $       124    4%
(i) Non-GAAP financial measure. See reconciliation to applicable GAAP       
measure below.                                                              
(ii) All growth rates in this release are year-over-year unless otherwise   
noted.                                                                      

The continued improvement spanned both CHC's flying and Heli-One business segments. Flying revenue rose 5 percent and EBITDAR grew 13 percent. For Heli-One, which provides maintenance, repair and overhaul (MRO) services, third-party customers sales were 11 percent higher and EBITDAR increased 48 percent.

William Amelio, CHC's president and chief executive officer, said the second quarter showed how the company is transforming its tools, systems and processes. Those changes are contributing to improving operating performance.

"Our people are also making sure we deliver on our purpose: to provide unmatched helicopter services that enable customers to go further, do more and come home safely," said Mr. Amelio. "The second quarter provided two vivid illustrations - one involving superb in-flight management of a crippled aircraft, the other an extraordinary evacuation of more than 270 customers from a North Sea oil-production platform that was in distress.

"Our objective isn't simply for CHC to be the largest and most profitable helicopter-services company. We're determined to be the best at all that we do for our customers."

BUSINESS HIGHLIGHTS

Helicopter Services (flying):


--  Flying results were driven by revenue and EBITDAR gains in the Americas
    (mainly Brazil), Western North Sea (United Kingdom) and Africa Euro-
    Asia. Sales were also up in Asia-Pacific. 
--  Significant wins in the period included new contracts with Marathon in
    the U.K., Eni in Australia and Petronas in Mozambique. 
--  During the quarter, Atlantic Aviation - a partnership between Jagal
    Group and CHC - received its long-awaited Air Operating Certificate in
    Nigeria. Atlantic Aviation has twin-engine Sikorsky S76C+ medium-lift
    helicopters to begin its support of Nigeria's fast-growing oil-and-gas
    industry.  

Heli-One (MRO):


--  Among notable contracts secured in the second quarter, AAR, a global
    aerospace and defense supplier, selected Heli-One to complete 20 engine
    overhauls. 
--  During the quarter the company delivered the first of three customized
    Super Puma aircraft commissioned by the Los Angeles County Sheriff's
    Department. 
--  Heli-One further broadened its range of services by adding four-year
    inspections of AW139s to capabilities at the Stavanger, Norway,
    operation. 

About CHC

CHC Helicopter is a leader in enabling customers to go further, do more and come home safely, including oil and gas companies, government search-and-rescue agencies and organizations requiring helicopter maintenance, repair and overhaul services through the Heli-One division. The company is headquartered in Vancouver and operates more than 240 aircraft in about 30 countries around the world.


Segment Performance (Unaudited)                                             
(U.S.$ in thousands)                                                        
----------------------------------------------------------------------------
                                                                            
Segment Third Party                                                         
 Revenue                                                                    
                        For the three months ended For the six months ended 
                                October 31,               October 31,       
                        ----------------------------------------------------
                                 2012         2011         2012         2011
----------------------------------------------------------------------------
                                                                            
Helicopter Services      $    402,617 $    383,279 $    792,521 $    756,573
MRO                            42,488       38,409       67,034       73,297
Corporate and Other             1,681        1,312        3,300        2,779
                        ----------------------------------------------------
 Consolidated totals     $    446,786 $    423,000 $    862,855 $    832,649
                        ----------------------------------------------------
                        ----------------------------------------------------
                                                                            
EBITDAR and EBITDA                                                          
 Summary                                                                    
                            For the three months                            
                                   ended            For the six months ended
                                October 31,               October 31,       
                        ----------------------------------------------------
                                 2012         2011         2012         2011
                        ----------------------------------------------------
Helicopter Services      $    120,931 $    107,000 $    223,554 $    202,688
MRO                            28,082       18,935       41,746       39,949
Corporate and Other          (22,916)     (18,473)     (38,304)     (35,106)
                        ----------------------------------------------------
Consolidated EBITDAR(i)       126,097      107,462      226,996      207,531
Less: aircraft lease and                                                    
 associated costs            (48,797)     (42,604)     (97,227)     (83,100)
                        ----------------------------------------------------
Consolidated EBITDA(i)   $     77,300 $     64,858 $    129,769 $    124,431
                        ----------------------------------------------------
                        ----------------------------------------------------
                                                                            
(i) See reconciliations to GAAP measures below.                             
----------------------------------------------------------------------------
                                                                            
Consolidated Statement of Earnings (Unaudited)                              
(U.S.$ in thousands)                                                        
----------------------------------------------------------------------------
                                                                            
                           For the three months       For the six months    
                                   ended                     ended          
                        ----------------------------------------------------
                          October 31,  October 31,  October 31,  October 31,
                                 2012         2011         2012         2011
----------------------------------------------------------------------------
Revenue                  $    446,786 $    423,000 $    862,855 $    832,649
                                                                            
Operating Expenses                                                          
Direct costs                (351,397)    (343,346)    (697,484)    (679,987)
Earnings from equity                                                        
 accounted investees              825          625        1,837        1,221
General and                                                                 
 administrative costs        (18,914)     (15,421)     (37,439)     (29,452)
Amortization                 (27,635)     (25,429)     (55,945)     (52,532)
Restructuring costs           (1,797)      (7,080)      (3,727)     (11,884)
Recovery (impairment) of                                                    
 receivables and funded                                                     
 residual value                                                             
 guarantees                       143           63        (572)           47
Impairment of intangible                                                    
 assets                       (6,339)      (1,717)      (5,818)      (1,825)
Impairment of assets                                                        
 held for sale                (3,650)      (4,251)      (9,297)     (11,632)
Impairment of assets                                                        
 held for use                       -            -        (660)            -
Gain (loss) on disposal                                                     
 of assets                    (3,026)        (316)      (4,617)        3,741
----------------------------------------------------------------------------
                            (411,790)    (396,872)    (813,722)    (782,303)
                                                                            
Operating income               34,996       26,128       49,133       50,346
                                                                            
Interest on long-term                                                       
 debt                        (30,075)     (29,516)     (59,958)     (60,186)
Foreign exchange gain          10,562        2,446        3,161        2,639
Other financing charges       (3,449)      (6,491)     (11,603)      (6,235)
----------------------------------------------------------------------------
                                                                            
Income (loss) from                                                          
 continuing operations                                                      
 before tax                    12,034      (7,433)     (19,267)     (13,436)
                                                                            
Income tax recovery                                                         
 (expense)                    (5,022)        8,638      (6,303)       12,485
----------------------------------------------------------------------------
Income (loss) from                                                          
 continuing operations          7,012        1,205     (25,570)        (951)
                                                                            
Earnings (loss) from                                                        
 discontinued                                                               
 operations, net of tax           467      (7,526)          812      (8,312)
----------------------------------------------------------------------------
Net earnings (loss)      $      7,479 $    (6,321) $   (24,758) $    (9,263)
----------------------------------------------------------------------------
                                                                            
Net earnings (loss)                                                         
 attributable to:                                                           
Controlling interest     $      6,999 $   (11,420) $   (26,106) $   (19,793)
Non-controlling interest          480        5,099        1,348       10,530
----------------------------------------------------------------------------
Net earnings (loss)      $      7,479 $    (6,321) $   (24,758) $    (9,263)
----------------------------------------------------------------------------
                                                                            
Consolidated Statement of Cash Flows                                        
(Expressed in thousands of United States dollars)                           
                                                                            
----------------------------------------------------------------------------
                        For the three months ended For the six months ended 
                        ----------------------------------------------------
                          October 31,  October 31,  October 31,  October 31,
                                 2012         2011         2012         2011
----------------------------------------------------------------------------
Cash provided by (used                                                      
 in):                                                                       
Operating activities:                                                       
 Net earnings (loss)     $      7,479 $    (6,321) $   (24,758) $    (9,263)
 Less: earnings (loss)                                                      
  from discontinued                                                         
  operations, net of tax          467      (7,526)          812      (8,312)
----------------------------------------------------------------------------
 Earnings (loss) from                                                       
  continuing operations         7,012        1,205     (25,570)        (951)
                                                                            
Adjustments to reconcile                                                    
 net earnings (loss) to                                                     
 cash flows provided by                                                     
 (used in) operating                                                        
 activities:                                                                
 Amortization                  27,635       25,429       55,945       52,532
 Loss (gain) on disposal                                                    
  of assets                     3,026          316        4,617      (3,741)
 Asset impairments              9,846        5,905       16,347       13,410
 Non-cash leasing and                                                       
  financing costs               (140)        (492)        (304)      (1,306)
 Earnings from equity                                                       
  accounted investees           (825)        (625)      (1,837)      (1,221)
 Deferred income taxes          (512)      (6,356)      (6,252)     (13,953)
 Pension contributions,                                                     
  net of pension expense      (5,690)      (7,898)     (17,436)     (15,560)
 Increase to deferred                                                       
  lease financing costs         (216)      (2,774)      (1,489)      (7,488)
 Foreign exchange gain                                                      
  (loss)                     (19,893)        5,404        2,382        2,068
 Other                          2,816        (868)        5,319      (1,640)
Increase (decrease) in                                                      
 cash resulting from                                                        
 changes in operating                                                       
 assets and liabilities         (900)       34,657     (55,480)     (32,226)
----------------------------------------------------------------------------
Cash provided by (used                                                      
 in) operating                                                              
 activities                    22,159       53,903     (23,758)     (10,076)
----------------------------------------------------------------------------
                                                                            
Financing activities:                                                       
 Sold interest in                                                           
  accounts receivable,                                                      
  net of collections              674          530        8,917       40,082
 Proceeds from issuance                                                     
  of capital stock                  -       60,000            -       60,000
 Proceeds from the                                                          
  issuance of senior                                                        
  secured notes               202,000            -      202,000            -
 Long-term debt proceeds      165,076      125,000      390,229      405,000
 Long-term debt                                                             
  repayments                (319,871)    (116,826)    (471,824)    (390,539)
 Increase in deferred                                                       
  financing costs                                                           
  related to the                                                            
  revolver and notes          (3,793)            -      (3,793)            -
----------------------------------------------------------------------------
Cash provided by                                                            
 financing activities          44,086       68,704      125,529      114,543
----------------------------------------------------------------------------
                                                                            
Investing activities:                                                       
 Property and equipment                                                     
  additions                  (95,600)    (121,964)    (142,267)    (164,751)
 Proceeds from disposal                                                     
  of property and                                                           
  equipment                    46,188       43,117       93,413       91,120
 Aircraft deposits, net                                                     
  of lease inception                                                        
  refunds                    (10,845)     (34,429)     (40,926)     (36,115)
 Restricted cash                   38        2,320        5,384          753
 Distribution from                                                          
  equity investments                -            -            -          936
----------------------------------------------------------------------------
Cash used in investing                                                      
 activities                  (60,219)    (110,956)     (84,396)    (108,057)
                                                                            
----------------------------------------------------------------------------
Cash provided by (used                                                      
 in) continuing                                                             
 operations                     6,026       11,651       17,375      (3,590)
                                                                            
Cash flows provided by                                                      
 (used in) discontinued                                                     
 operations:                                                                
 Cash flows provided by                                                     
  (used in) operating                                                       
  activities                      467      (1,019)          812      (1,488)
 Cash flows provided by                                                     
  (used in) financing                                                       
  activities                    (467)        1,019        (812)        1,488
----------------------------------------------------------------------------
Cash provided by (used                                                      
 in) discontinued                                                           
 operations                         -            -            -            -
                                                                            
Effect of exchange rate                                                     
 changes on cash and                                                        
 cash equivalents               5,677      (6,605)      (4,144)     (10,804)
----------------------------------------------------------------------------
Increase (decrease) in                                                      
 cash and cash                                                              
 equivalents during the                                                     
 period                        11,703        5,046       13,231     (14,394)
                                                                            
Cash and cash                                                               
 equivalents, beginning                                                     
 of period                     57,075       49,481       55,547       68,921
                                                                            
----------------------------------------------------------------------------
Cash and cash                                                               
 equivalents, end of                                                        
 period                  $     68,778 $     54,527 $     68,778 $     54,527
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Consolidated Balance Sheets (Unaudited)                                     
(U.S.$ in thousands)                                                        
----------------------------------------------------------------------------
                                           October 31, 2012   April 30, 2012
----------------------------------------------------------------------------
                                                                            
Assets                                                                      
                                                                            
Current Assets:                                                             
 Cash and cash equivalents                 $         68,778 $         55,547
 Receivables, net of allowance for                                          
  doubtful accounts                                 304,701          266,115
 Income taxes receivable                             25,078           20,747
 Deferred income tax assets                           9,361            8,542
 Inventories                                         95,740           90,013
 Prepaid expenses                                    20,069           21,183
 Other assets                                        38,039           33,195
----------------------------------------------------------------------------
                                                    561,766          495,342
                                                                            
Property and equipment, net                       1,041,490        1,026,860
Investments                                          25,466           24,226
Intangible assets                                   205,493          217,890
Goodwill                                            432,059          433,811
Restricted cash                                      20,353           25,994
Other assets                                        410,986          363,103
Deferred income tax assets                           49,020           48,943
Assets held for sale                                 63,295           79,813
                                                                            
----------------------------------------------------------------------------
                                           $      2,809,928 $      2,715,982
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Liabilities and Shareholder's Equity                                        
                                                                            
Current Liabilities:                                                        
 Payables and accruals                     $        356,519 $        363,064
 Deferred revenue                                    20,775           23,737
 Income taxes payable                                40,169           43,581
 Deferred income tax liabilities                     13,073           11,729
 Current facility secured by accounts                                       
  receivable                                         55,317           45,566
 Other liabilities                                   20,155           23,648
 Current portion of long-term debt                   14,039           17,701
----------------------------------------------------------------------------
                                                    520,047          529,026
Long-term debt                                    1,401,504        1,269,379
Deferred revenue                                     50,221           43,517
Other liabilities                                   189,820          191,521
Deferred income tax liabilities                      18,943           20,072
----------------------------------------------------------------------------
Total liabilities                                 2,180,535        2,053,515
                                                                            
Redeemable non-controlling interests                  4,489            1,675
Capital stock: Par value 1 Euro;                                            
 Authorized and issued:                                                     
  1,228,377,770 and 1,228,377,770,                                          
   respectively                                   1,607,101        1,607,101
Contributed surplus                                  55,541           55,318
Deficit                                           (966,137)        (940,031)
Accumulated other comprehensive loss               (71,601)         (61,596)
                                                                            
----------------------------------------------------------------------------
                                           $      2,809,928 $      2,715,982
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Non-GAAP Financial Measures:

This earnings release includes non-GAAP financial measures, segment earnings before interest, taxes, depreciation, amortization and aircraft lease rent and associated costs ("segment EBITDAR (adjusted)") referred to above as EBITDAR and earnings before interest, taxes, depreciation and amortization ("EBITDA") that are not required by, or presented in accordance with GAAP. These non-GAAP measures are not performance measures under U.S. generally accepted accounting principles and should not be considered as alternatives to net earnings (loss) or any other performance or liquidity measures derived in accordance with GAAP. In addition, these measures may not be comparable to similarly titled measures of other companies. CHC has provided a reconciliation of these non-GAAP measures to the most directly comparable GAAP measure. CHC has chosen to include segment EBITDAR (adjusted) as we consider this to be a significant indicator of our financial performance and use this measure to assist us in allocating available capital resources. We have also included EBITDA as this measure is useful to our debt holders as it is a proxy of Adjusted EBITDA, a non-GAAP measure. Adjusted EBITDA provides useful information to investors as it is a measure to calculate certain financial covenants related to our revolving credit facility and certain covenants in the indenture. CHC has provided a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure below and has presented a detailed discussion of its reasons for including non-GAAP financial measures and the limitations associated with those measures as part of the "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained in the Quarterly Report on Form 10-Q. CHC encourages investors to review the reconciliation and the non-GAAP discussion in conjunction with our presentation of these non-GAAP financial measures.


Reconciliation of Non-GAAP Financial Measures                               
(U.S.$ in thousands)                                                        
----------------------------------------------------------------------------
                        For the three months ended For the six months ended 
                                October 31,               October 31,       
                        ----------------------------------------------------
                                 2012         2011         2012         2011
                        ----------------------------------------------------
 Helicopter Services     $    120,931 $    107,000 $    223,554 $    202,688
 MRO                           28,082       18,935       41,746       39,949
 Corporate and Other         (22,916)     (18,473)     (38,304)     (35,106)
                        ----------------------------------------------------
Consolidated EBITDAR          126,097      107,462      226,996      207,531
Less: aircraft lease and                                                    
 associated costs            (48,797)     (42,604)     (97,227)     (83,100)
                        ----------------------------------------------------
Consolidated EBITDA            77,300       64,858      129,769      124,431
 Amortization                (27,635)     (25,429)     (55,945)     (52,532)
 Restructuring costs          (1,797)      (7,080)      (3,727)     (11,884)
 Recovery (impairment)                                                      
  of receivables and                                                        
  funded residual value                                                     
  guarantees                      143           63        (572)           47
 Impairment of                                                              
  intangible assets           (6,339)      (1,717)      (5,818)      (1,825)
 Impairment of assets                                                       
  held for sale               (3,650)      (4,251)      (9,297)     (11,632)
 Impairment of assets                                                       
  held for use                      -            -        (660)            -
 Gain (loss) on disposal                                                    
  of assets                   (3,026)        (316)      (4,617)        3,741
----------------------------------------------------------------------------
Operating income               34,996       26,128       49,133       50,346
Interest on long-term                                                       
 debt                        (30,075)     (29,516)     (59,958)     (60,186)
Foreign exchange gain          10,562        2,446        3,161        2,639
Other financing charges       (3,449)      (6,491)     (11,603)      (6,235)
----------------------------------------------------------------------------
Income (loss) from                                                          
 continuing operations                                                      
 before tax                    12,034      (7,433)     (19,267)     (13,436)
Income tax recovery                                                         
 (expense)                    (5,022)        8,638      (6,303)       12,485
----------------------------------------------------------------------------
Income (loss) from                                                          
 continuing operations          7,012        1,205     (25,570)        (951)
Earnings (loss) from                                                        
 discontinued                                                               
 operations, net of tax           467      (7,526)          812      (8,312)
----------------------------------------------------------------------------
Net earnings (loss)      $      7,479 $    (6,321) $   (24,758) $    (9,263)
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Cautionary Note on Forward-Looking Statements:

This press release contains forward-looking statements and information within the meaning of certain securities laws, including the "safe harbor" provision of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, projections, conclusions, forecasts and other statements are "forward-looking statements". While these forward-looking statements represent our best current judgment, the actual results could differ materially from the conclusions, forecasts or projections contained in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection in the forward-looking information contained herein. Such factors include, but are not limited to, the following: exchange rate fluctuations, industry exposure, inflation, inability to enter into new contracts or the loss of existing contracts, inability to maintain government issued licenses, inability to obtain necessary aircraft or insurance, competition, political, economic and regulatory uncertainty, loss of key personnel, work stoppages due to labor disputes, accidents, mechanical failures, regulatory actions and future material acquisitions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. The Company disclaims any intentions or obligations to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Please refer to our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other filings, in particular any discussion of risk factors or forward-looking statements, which are filed with the SEC and available at the SEC's website (www.sec.gov), for a full discussion of the risks and other factors that may impact any estimates or forward-looking statements made herein.

More Stories By Marketwired .

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

@ThingsExpo Stories
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
SYS-CON Media announced that Cisco, a worldwide leader in IT that helps companies seize the opportunities of tomorrow, has launched a new ad campaign in Cloud Computing Journal. The ad campaign, a webcast titled 'Is Your Data Center Ready for the Application Economy?', focuses on the latest data center networking technologies, including SDN or ACI, and how customers are using SDN and ACI in their organizations to achieve business agility. The Cisco webcast is available on-demand.
“The age of the Internet of Things is upon us,” stated Thomas Svensson, senior vice-president and general manager EMEA, ThingWorx, “and working with forward-thinking companies, such as Elisa, enables us to deploy our leading technology so that customers can profit from complete, end-to-end solutions.” ThingWorx, a PTC® (Nasdaq: PTC) business and Internet of Things (IoT) platform provider, announced on Monday that Elisa, Finnish provider of mobile and fixed broadband subscriptions, will deploy ThingWorx® platform technology to enable a new Elisa IoT service in Finland and Estonia.
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications Unified Communications Suite gives CSPs the capability to do just that. In addition, its integration ...
SYS-CON Events announced today that ActiveState, the leading independent Cloud Foundry and Docker-based PaaS provider, has been named “Silver Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. ActiveState believes that enterprises gain a competitive advantage when they are able to quickly create, deploy and efficiently manage software solutions that immediately create business value, but they face many challenges that prevent them from doing so. The Company is uniquely positioned to help address these challenges thro...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Recurring revenue models are great for driving new business in every market sector, but they are complex and need to be effectively managed to maximize profits. How you handle the range of options for pricing, co-terming and proration will ultimately determine the fate of your bottom line. In his session at 15th Cloud Expo, Brendan O'Brien, Co-founder at Aria Systems, session examined: How time impacts recurring revenue How to effectively handle customer plan changes The range of pricing and packaging options to consider
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...