|By Business Wire||
|January 17, 2013 04:01 PM EST||
Intel Corporation today reported full-year revenue of $53.3 billion, operating income of $14.6 billion, net income of $11.0 billion and EPS of $2.13. The company generated approximately $18.9 billion in cash from operations, paid dividends of $4.4 billion, and used $4.8 billion to repurchase 191 million shares of stock.
For the fourth quarter, Intel posted revenue of $13.5 billion, operating income of $3.2 billion, net income of $2.5 billion and EPS of 48 cents. The company generated approximately $6 billion in cash from operations, paid dividends of $1.1 billion and used $1.0 billion to repurchase 47 million shares of stock.
“The fourth quarter played out largely as expected as we continued to execute through a challenging environment,” said Paul Otellini, Intel president and CEO. “We made tremendous progress across the business in 2012 as we entered the market for smartphones and tablets, worked with our partners to reinvent the PC, and drove continued innovation and growth in the data center. As we enter 2013, our strong product pipeline has us well positioned to bring a new wave of Intel innovations across the spectrum of computing.”
Full-Year 2012 Key Financial Information and Business Unit Trends
- PC Client Group had revenue of $34.3 billion, down 3 percent from 2011.
- Data Center Group had revenue of $10.7 billion, up 6 percent from 2011.
- Other Intel architecture group had revenue of $4.4 billion, down 13 percent from 2011.
Q4 Key Financial Information and Business Unit Trends
- PC Client Group revenue of $8.5 billion, down 1.5 percent sequentially and down 6 percent year-over-year.
- Data Center Group revenue of $2.8 billion, up 7 percent sequentially and up 4 percent year-over-year.
- Other Intel® architecture group revenue of $1.0 billion, down 14 percent sequentially and down 7 percent year-over-year.
- Gross margin of 58 percent, 1.0 percentage point above the midpoint of the company’s expectation of 57 percent.
- R&D plus MG&A spending $4.6 billion, in line with the company’s expectation of approximately $4.5 billion.
- Tax rate of 23 percent, below the company’s expectation of approximately 27 percent.
Intel’s Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures or other investments that may be completed after Jan. 17.
- Revenue: low single-digit percentage increase.
- Gross margin percentage: 60 percent, plus or minus a few percentage points.
- R&D plus MG&A spending: $18.9 billion, plus or minus $200 million.
- Amortization of acquisition-related intangibles: approximately $300 million.
- Depreciation: $6.8 billion, plus or minus $100 million.
- Impact of equity investments and interest and other: net gain of approximately $100 million.
- Tax Rate: approximately 25 percent.
- Full-year capital spending: $13.0 billion, plus or minus $500 million.
- Revenue: $12.7 billion, plus or minus $500 million.
- Gross margin percentage: 58 percent, plus or minus a couple percentage points.
- R&D plus MG&A spending: approximately $4.6 billion.
- Amortization of acquisition-related intangibles: approximately $75 million.
- Impact of equity investments and interest and other: net loss of approximately $50 million.
- Depreciation: approximately $1.7 billion.
For additional information regarding Intel’s results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.
Status of Business Outlook
Intel’s Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business Mar. 15 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on Jan. 24. Intel’s Quiet Period will start from the close of business on Mar. 15 until publication of the company’s first-quarter earnings release, scheduled for April 16, 2013. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.
|GAAP Financial Comparison|
|Revenue||$53.3 billion||$54.0 billion||down 1.2%|
|Gross Margin||62.1%||62.5%||down 0.4 pts.|
|Operating Income||$14.6 billion||$17.5 billion||down 16%|
|Net Income||$11.0 billion||$12.9 billion||down 15%|
|Earnings Per Share||$2.13||$2.39||down 11%|
|Non-GAAP Financial Comparison|
|Gross Margin||63.2%||63.4%||down 0.2 pts.|
|Operating Income||$15.5 billion||$18.2 billion||down 15%|
|Net Income||$11.6 billion||$13.5 billion||down 14%|
|Earnings Per Share||$2.24||$2.50||down 10%|
Non-GAAP results exclude the amortization of acquisition-related
|GAAP Financial Comparison|
|Q4 2012||Q4 2011||vs. Q4 2011|
|Revenue||$13.5 billion||$13.9 billion||down 3%|
|Gross Margin||58.0%||64.5%||down 6.5 pts.|
|Operating Income||$3.2 billion||$4.6 billion||down 31%|
|Net Income||$2.5 billion||$3.4 billion||down 27%|
|Earnings Per Share||48 cents||64 cents||down 25%|
|Non-GAAP Financial Comparison|
|Q4 2012||Q4 2011||vs. Q4 2011|
|Gross Margin||59.0%||65.4%||down 6.4 pts.|
|Operating Income||$3.4 billion||$4.8 billion||down 30%|
|Net Income||$2.6 billion||$3.5 billion||down 26%|
|Earnings Per Share||51 cents||67 cents||down 24%|
Non-GAAP results exclude the amortization of acquisition-related
The above statements and any others in this document that refer to plans and expectations for the first quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be the important factors that could cause actual results to differ materially from the company’s expectations.
- Demand could be different from Intel's expectations due to factors including changes in business and economic conditions; customer acceptance of Intel’s and competitors’ products; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers. Uncertainty in global economic and financial conditions poses a risk that consumers and businesses may defer purchases in response to negative financial events, which could negatively affect product demand and other related matters.
- Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel's products; actions taken by Intel's competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel’s response to such actions; and Intel’s ability to respond quickly to technological developments and to incorporate new features into its products.
- The gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; start-up costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; product manufacturing quality/yields; and impairments of long-lived assets, including manufacturing, assembly/test and intangible assets.
- The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
- Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments. The majority of our marketable equity security portfolio balance is concentrated in ASML Holding, N.V., and declines in value could result in impairment charges, impacting gains or losses on equity securities.
- Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
- Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel's products and the level of revenue and profits.
- Intel’s results could be affected by the timing of closing of acquisitions and divestitures.
- Intel’s current chief executive officer plans to retire in May 2013 and the Board of Directors is working to choose a successor. The succession and transition process may have a direct and/or indirect effect on the business and operations of the company. In connection with the appointment of the new CEO, the company will seek to retain our executive management team (some of whom are being considered for the CEO position), and keep employees focused on achieving the company’s strategic goals and objectives.
- Intel's results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues, such as the litigation and regulatory matters described in Intel's SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel’s ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.
A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the company’s most recent Form 10-Q and report on Form 10-K.
Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.
Intel plans to report its earnings for the first quarter of 2013 on April 16, 2013. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, executive vice president, chief financial officer, and director of corporate strategy, at www.intc.com/results.cfm. A public webcast of Intel’s earnings conference call will follow at 2 p.m. PDT at www.intc.com.
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.
Intel, the Intel logo and Ultrabook are trademarks of Intel Corporation in the United States and other countries.
*Other names and brands may be claimed as the property of others.
|CONSOLIDATED SUMMARY STATEMENT OF INCOME DATA|
|(In millions, except per share amounts)|
|Three Months Ended||Twelve Months Ended|
|Dec 29,||Dec 31,||Dec 29,||Dec 31,|
|Cost of sales||5,660||4,935||20,190||20,242|
|Research and development||2,629||2,308||10,148||8,350|
|Marketing, general and administrative||1,958||1,973||8,057||7,670|
|R&D AND MG&A||4,587||4,281||18,205||16,020|
|Amortization of acquisition-related intangibles||75||72||308||260|
|Gains (losses) on equity investments, net||60||17||141||112|
|Interest and other, net||(11)||(29)||94||192|
|INCOME BEFORE TAXES||3,204||4,587||14,873||17,781|
|Provision for taxes||736||1,227||3,868||4,839|
|BASIC EARNINGS PER COMMON SHARE||$||0.50||$||0.66||$||2.20||$||2.46|
|DILUTED EARNINGS PER COMMON SHARE||$||0.48||$||0.64||$||2.13||$||2.39|
|WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:|
|CONSOLIDATED SUMMARY BALANCE SHEET DATA|
|Dec 29,||Sept 29,||Dec 31,|
|Cash and cash equivalents||$||8,478||$||3,520||$||5,065|
|Accounts receivable, net||3,833||3,938||3,650|
|Work in process||2,219||2,363||1,680|
|Deferred tax assets||2,117||1,633||1,700|
|Other current assets||2,512||1,659||1,589|
|TOTAL CURRENT ASSETS||31,358||23,014||25,872|
|Property, plant and equipment, net||27,983||27,157||23,627|
|Marketable equity securities||4,424||3,924||562|
|Other long-term investments||493||469||889|
|Identified intangible assets, net||6,235||6,221||6,267|
|Other long-term assets||4,148||4,033||4,648|
|Accrued compensation and benefits||2,972||2,320||2,948|
|Other accrued liabilities||3,644||3,339||2,814|
|TOTAL CURRENT LIABILITIES||12,898||11,953||12,028|
|Long-term deferred tax liabilities||3,412||2,904||2,617|
|Other long-term liabilities||3,702||3,215||3,479|
|Common stock and capital in excess of par value||19,464||19,278||17,036|
|Accumulated other comprehensive income (loss)||(399)||(501)||(781)|
|TOTAL STOCKHOLDERS' EQUITY||51,203||49,269||45,911|
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY||$||84,351||$||74,441||$||71,119|
|SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION|
|Q4 2012||Q3 2012||Q4 2011|
|Cash and short-term investments||$12,477||$6,003||$10,246|
|Trading assets - marketable debt securities||5,685||4,462||4,591|
|Total cash investments||$18,162||$10,465||$14,837|
|CURRENT DEFERRED INCOME:|
|Deferred income on shipments of components to distributors||$694||$791||$751|
|Deferred income from software and services group||1,238||1,163||1,178|
|Total current deferred income||$1,932||$1,954||$1,929|
|SELECTED CASH FLOW INFORMATION:|
|Amortization of intangibles||$364||$268||$256|
|Investments in non-marketable equity instruments||($117)||($163)||($124)|
|Equity investment in ASML Holding N.V.||—||(3,218)||—|
|Stock repurchase program||($1,000)||(1,165)||(4,133)|
|Proceeds from sales of shares to employees & excess tax benefit||$139||$299||$1,129|
|Issuance of long-term debt||$6,124||—||—|
|Net cash (used)/received for acquisitions/divestitures||($70)||($110)||($244)|
|EARNINGS PER COMMON SHARE INFORMATION:|
|Weighted average common shares outstanding - basic||4,968||4,996||5,069|
|Dilutive effect of employee equity incentive plans||73||93||115|
|Dilutive effect of convertible debt||54||64||58|
|Weighted average common shares outstanding - diluted||5,095||5,153||5,242|
|Cumulative shares repurchased (in billions)||4.3||4.2||4.1|
|Remaining dollars authorized for buyback (in billions)||$5.3||$6.3||$10.1|
|Employees (in thousands)||105.0||104.7||100.1|
|SUPPLEMENTAL OPERATING GROUP RESULTS|
|Three Months Ended||Twelve Months Ended|
|Dec 29,||Dec 31,||Dec 29,||Dec 31,|
|PC Client Group||$||8,506||$||9,047||$||34,274||$||35,406|
|Data Center Group||2,830||2,717||10,741||10,129|
|Other Intel Architecture Group||1,018||1,099||4,378||5,005|
|Intel Architecture Group||12,354||12,863||49,393||50,540|
|Software and Services Group||636||578||2,381||1,870|
|TOTAL NET REVENUE||$||13,477||$||13,887||$||53,341||$||53,999|
|Operating income (loss)|
|PC Client Group||$||2,817||$||3,952||$||13,053||$||14,793|
|Data Center Group||1,329||1,453||5,073||5,100|
|Other Intel Architecture Group||(495)||(368)||(1,377)||(577)|
|Intel Architecture Group||$||3,651||$||5,037||16,749||19,316|
|Software and Services Group||(36)||16||(11)||(32)|
|TOTAL OPERATING INCOME||$||3,155||$||4,599||$||14,638||$||17,477|
|In the second quarter of 2012, we reorganized our smartphone, tablet, and mobile communication businesses within the other Intel architecture operating group to enable us to move faster and with greater collaboration and synergies in the market segment for mobile devices. As part of the reorganization, the former Netbook and Tablet Group has been separated into the following new operating groups: Netbook Group, Tablet Group, and Service Provider Group. Additionally, the former Ultra-Mobility Group is now the Phone Group. The other Intel architecture operating group continues to include the Intelligent Systems Group and Intel Mobile Communications. The other Intel architecture operating group aggregation has not changed. Our operating groups shown above are comprised of the following:|
|• PC Client Group: Delivering platforms designed for the notebook and desktop (including high-end enthusiast PCs) market segments; and wireless connectivity products.|
|• Data Center Group: Delivering platforms designed for the server, workstation, and storage computing market segments; and wired network connectivity products.|
|• Other Intel Architecture Group consist of the following:|
|• Intelligent Systems Group: Delivering platforms designed for embedded applications.|
|• Netbook Group: Delivering platforms designed for the netbook market segment.|
|• Intel Mobile Communications: Delivering mobile phone components such as baseband processors, radio frequency transceivers, and power management chips.|
|• Tablet Group: Delivering platforms designed for the tablet market segment.|
|• Phone Group: Delivering platforms designed for the smartphone market segment.|
|• Service Provider Group: Delivering gateway and set top box components.|
|• Software and Services Group consists of the following:|
|• McAfee: A wholly owned subsidiary delivering software products for endpoint security, network and content security, risk and compliance, and consumer and mobile security.|
• Wind River Software Group: A wholly owned subsidiary delivering software optimized products for the embedded and mobile market segments.
|• Software and Services Group: Delivering software products and services that promote Intel Architecture as the platform of choice for software development.|
|All Other consists of the following:|
|• Non-Volatile Memory Solutions Group: Delivering NAND flash memory products for use in a variety of devices.|
|• Corporate: Revenue, expenses and charges such as:|
• A portion of profit-dependent compensation and other expenses not
allocated to the operating groups.
• Divested businesses and results of seed businesses that support our initiatives.
• Acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill.
|SUPPLEMENTAL PLATFORM REVENUE INFORMATION|
|Q4 2012||Q4 2012||2012|
|compared to Q3 2012||compared to Q4 2011||compared to 2011|
|PC Client Platform|
|Average Selling Prices||2%||0%||(2%)|
|Data Center Platform|
|Average Selling Prices||8%||5%||6%|
|PC Client Group Notebook and Desktop Platform Key Drivers|
|-Notebook platform average selling prices decreased 6% from 2011 to 2012|
|-Notebook platform volumes increased 2% from 2011 to 2012|
|-Desktop platform average selling prices increased 4% from 2011 to 2012|
|-Desktop platform volume decreased 5% from 2011 to 2012|
|SUPPLEMENTAL RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS|
|In addition to disclosing financial results in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this document contains non-GAAP financial measures that we believe are helpful in understanding and comparing our past financial performance and our expectations for future results. The non-GAAP financial measures disclosed by the company exclude the amortization of acquisition-related intangible assets, as well as the related income tax effect. Amortization of acquisition-related intangible assets consists of the amortization of developed technology, trade names, and customer relationships acquired in connection with business combinations. We record charges relating to the amortization of these intangibles in our GAAP financial statements. Amortization charges for our acquisition-related intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. Consequently, our non-GAAP adjustment excludes these charges to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.|
|Set forth below are reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. The non-GAAP financial measures disclosed by the company have limitations and should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated. Management believes the non-GAAP financial measures are appropriate for period to period comparisons in our budget, planning and evaluation processes, and to show the reader how our performance compares to other periods.|
|(In millions, except per share amounts)|
|Three Months Ended||Twelve Months Ended|
|Dec 29,||Dec 31,||Dec 29,||Dec 31,|
|GAAP GROSS MARGIN||$||7,817||$||8,952||$||33,151||$||33,757|
|Adjustment for the amortization of acquisition-related intangibles||137||137||557||482|
|NON-GAAP GROSS MARGIN||$||7,954||$||9,089||$||33,708||$||34,239|
|GAAP GROSS MARGIN PERCENTAGE||58.0%||64.5%||62.1%||62.5%|
|Adjustment for the amortization of acquisition-related intangibles||1.0%||0.9%||1.1%||0.9%|
|NON-GAAP GROSS MARGIN PERCENTAGE||59.0%||65.4%||63.2%||63.4%|
|GAAP OPERATING INCOME||$||3,155||$||4,599||$||14,638||$||17,477|
|Adjustment for the amortization of acquisition-related intangibles||212||209||865||742|
|NON-GAAP OPERATING INCOME||$||3,367||$||4,808||$||15,503||$||18,219|
|GAAP NET INCOME||$||2,468||$||3,360||$||11,005||$||12,942|
|Amortization of acquisition-related intangibles||212||209||865||742|
|Income tax effect||(71)||(46)||(290)||
|NON-GAAP NET INCOME||$||2,609||$||3,523||$||11,580||$||
|GAAP DILUTED EARNINGS PER COMMON SHARE||$||0.48||$||0.64||$||2.13||$||2.39|
|Amortization of acquisition-related intangibles||0.04||0.04||0.17||0.14|
|Income tax effect||(0.01)||(0.01)||(0.06)||(0.03)|
|NON-GAAP DILUTED EARNINGS PER COMMON SHARE||$||0.51||$||0.67||$||2.24||$||2.50|
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One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
May. 22, 2015 05:00 AM EDT Reads: 4,380
17th Cloud Expo, taking place Nov 3-5, 2015, 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 enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
May. 22, 2015 05:00 AM EDT Reads: 2,329
The Workspace-as-a-Service (WaaS) market will grow to $6.4B by 2018. In his session at 16th Cloud Expo, Seth Bostock, CEO of IndependenceIT, will begin by walking the audience through the evolution of Workspace as-a-Service, where it is now vs. where it going. To look beyond the desktop we must understand exactly what WaaS is, who the users are, and where it is going in the future. IT departments, ISVs and service providers must look to workflow and automation capabilities to adapt to growing demand and the rapidly changing workspace model.
May. 22, 2015 04:30 AM EDT Reads: 3,070
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
May. 22, 2015 04:00 AM EDT Reads: 4,303
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...
May. 22, 2015 04:00 AM EDT Reads: 6,275
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
May. 22, 2015 04:00 AM EDT Reads: 6,640
Grow your business with enterprise wearable apps using SAP Platforms and Google Glass. SAP and Google just launched the SAP and Google Glass Challenge, an opportunity for you to innovate and develop the best Enterprise Wearable App using SAP Platforms and Google Glass and gain valuable market exposure. In his session at @ThingsExpo, Brian McPhail, Senior Director of Business Development, ISVs & Digital Commerce at SAP, outlined the timeline of the SAP Google Glass Challenge and the opportunity for developers, start-ups, and companies of all sizes to engage with SAP today.
May. 22, 2015 03:00 AM EDT Reads: 4,913