Welcome!

Microsoft Cloud Authors: Pat Romanski, Srinivasan Sundara Rajan, Glenn Rossman, Janakiram MSV, Steven Mandel

News Feed Item

Micrel Reports 2012 Fourth Quarter and Full Year Financial Results

SAN JOSE, CA -- (Marketwire) -- 01/31/13 -- Micrel, Incorporated (NASDAQ: MCRL)

  • Fourth quarter revenues of $62.3 million, slightly down from $62.9 million in the third quarter
  • Full year revenues of $250.1 million, compared to $259.0 million in 2011
  • One-time non-cash write-off for California deferred tax asset of $7.6 million ($0.13 per diluted share) due to the passage of California Proposition 39
  • Fourth quarter GAAP net loss of $5.7 million, or a loss of $0.10 per diluted share
  • Fourth quarter Non-GAAP earnings per diluted share of $0.06 compared to $0.10 in the prior quarter
  • Full year GAAP net income of $10.4 million, or $0.17 per diluted share
  • Full year Non-GAAP earnings per diluted share of $0.38 compared to $0.60 in 2011
  • Gross margin of 50.3% and 53.1% for the fourth quarter and full year 2012, respectively, compared to 50.5% and 55.3% in the fourth quarter and full year 2011
  • During 2012, the Company repurchased 3.4 million shares of Micrel common stock for a total of $34.6 million
  • During the fourth quarter, Micrel's Board of Directors authorized an accelerated cash dividend of $0.0425 per share of common stock made payable on December 27, 2012 to shareholders of record on December 18, 2012

Micrel, Incorporated (NASDAQ: MCRL), a leading global manufacturer of IC solutions for the worldwide high performance linear and power, LAN and timing and communications markets, today announced financial results for the fourth quarter and full year ended December 31, 2012.

Fourth quarter revenues totaled $62.3 million, a decrease of $0.6 million, or 1.0%, from $62.9 million in the third quarter of 2012, and an increase of 6.1% from $58.8 million in the prior year's period.

Fourth quarter 2012 GAAP net loss of $5.7 million, or a loss of $0.10 per diluted share, compares to third quarter 2012 GAAP net income of $4.7 million, or $0.08 per diluted share, and GAAP net income of $5.0 million, or $0.08 per diluted share in the fourth quarter of 2011. During the fourth quarter of 2012, the Company recorded a one-time non-cash charge of $7.6 million related to the write-off of a deferred tax asset as a result of certain provisions of the California State Tax Code that were revised during the fourth quarter with the passage of Proposition 39. The Company currently expects that in 2013 and beyond, Micrel's income subject to tax in California will be lower than under the prior tax law and that Micrel's California deferred tax assets are, therefore, less likely to be realized.

The fourth quarter 2012 non-GAAP net income of $3.4 million, or $0.06 per diluted share, compares to third quarter 2012 non-GAAP net income of $5.8 million, or $0.10 per diluted share, and non-GAAP net income of $6.1 million, or $0.10 per diluted share in the same period of 2011. A reconciliation of the GAAP net income to non-GAAP net income is provided in the financial tables at the end of this press release. Non-GAAP results exclude the impact of stock-based compensation expense with the related tax effects and deferred tax asset adjustment.

For the full year ended December 31, 2012, revenues totaled $250.1 million, down $8.9 million, from $259.0 for the full year ended December 31, 2011. GAAP net income for 2012 was $10.4 million, or $0.17 per diluted share, compared with GAAP net income of $34.0 million or $0.55 per diluted share in 2011. Non-GAAP net income in 2012 was $23.0 million or $0.38 per diluted share, compared with non-GAAP net income of $37.8 million or $0.60 per diluted share, in 2011. Gross margin for 2012 was 53.1% compared to 55.3% in 2011.

Commenting on the 2012 fourth quarter and full year results, Micrel's President and CEO Ray Zinn said, "In light of the difficult macroeconomic and industry environment, we are pleased with our financial and operational results for 2012. Bookings during 2012 were solid and yielded a book-to-bill ratio of approximately one for the full year. In addition, we continue to maintain a strong balance sheet and ended 2012 with cash, cash equivalents and short term investments of $103.6 million, or $1.72 per share. We remain focused on increasing shareholder value through our quarterly dividend payments and stock repurchase program. During 2012, we raised our quarterly cash dividend per share and also invested $34.6 million in the repurchase of 3.4 million shares of Micrel common stock."

Outlook
Mr. Zinn continued, "As a result of the sluggish macroeconomic environment, 2012 was one of the most difficult years of the past decade for the entire semiconductor industry. Consequently, we believe semiconductor customers significantly reduced inventory levels during the year which resulted in relatively short lead times and caused the industry as a whole to ship below actual demand. We believe that we are seeing a bottom to the industry decline and we expect growth in the industry to resume. We expect lead times to increase and inventory levels to normalize towards the second half of the year resulting in modest full-year growth in 2013 for the industry.

"Based upon current inventory levels and demand estimates, the Company projects first quarter 2013 revenue growth will be in a range of minus 6% to plus 3% on a sequential basis. Gross profit margin is expected to be in the range of 51.0% to 52.0%. In addition, the Company estimates that first quarter 2013 GAAP net income will be approximately $0.05 to $0.10 per diluted share," Mr. Zinn concluded.

Dividend
During the fourth quarter, Micrel's Board of Directors authorized an accelerated quarterly cash dividend of $0.0425 per share of common stock. The payment of this dividend was made on December 27, 2012 to shareholders of record as of December 18, 2012.

Share Repurchase Plan
In the fourth quarter of 2012, the Company repurchased 0.6 million shares for a total of $6.1 million. For the full year, the Company repurchased 3.4 million shares for a total of $34.6 million. As of December 31, 2012, up to approximately $19.1 million of additional repurchases of the Company's stock remained under the stock repurchase plan authorized by the Board of Directors. The authorization will stay in effect until the aggregate authorized amount is expended or the authorization is modified by the Board of Directors. Going forward, the timing and amount of any repurchase of shares will continue to be determined by the Company's management based upon its evaluation of market conditions, cash on hand and various other factors. These repurchases may occur from time to time in the open market or in privately negotiated transactions provided that the repurchases are made in accordance with the terms of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Enhancing shareholder value continues through Micrel's stock repurchase program and quarterly dividend payments.

Conference Call
The Company will host a conference call today, January 31, 2013, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). President and Chief Executive Officer, Raymond Zinn, and Chief Financial Officer, Ray Wallin, will present an overview of the 2012 fourth quarter and full year financial results, discuss current business conditions, and then respond to questions.

The call is available, live, to any interested party, on a listen-only basis, by dialing (866) 200-6965 and entering the participant code 23427583 followed by the # key. For international callers, please dial (646) 216-7221 and enter the participant code 23427583 followed by the # key. A live webcast will also be available at the 'Investors' section of Micrel's website at: www.micrel.com. An audio replay of the conference call will be available for all interested parties through February 7, 2013, by dialing (866) 206-0173 or (646) 216-7204 and entering the participant code 278766 followed by the # key. The webcast replay will also be available on the Company's website.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release includes statements that qualify as forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about the following topics: our expectations regarding future financial results, including revenues, customer demand and inventories, order lead times, backlog, turns-fill requirements, net income, earnings per share, gross margin, average selling prices, the effect of cost-control efforts, supply chain constraints, channel inventory levels and trends, capacity utilization, development of new products, design wins and customer order patterns, and the nature and extent of macro-economic and industry trends. Forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially. Those risks and uncertainties include, but are not limited to, such factors as: softness in demand for our products; customer decisions to cancel, rescheduling, or delayed orders for our products; the effect that lead times and channel inventories have on the demand for our products; economic or financial difficulties experienced by our customers; the effect of business conditions in the computer, wireless, telecommunications and industrial markets; the impact of any previous or future acquisitions; changes in demand for the Company's products; the impact of competitive products and pricing and alternative technological advances; the accuracy of estimates used to prepare the Company's financial statements and forecasts; the global economic situation; the ability of the Company's vendors and subcontractors to supply or manufacture the Company's products in a timely manner; the timely and successful development and market acceptance of new products and upgrades to existing products; softness in the economy and the U.S. stock markets as a whole; fluctuations in the market price of Micrel's common stock and other market conditions; the difficulty of predicting our future cash needs; the nature of other investment opportunities available to the Company from time to time; Micrel's operating cash flow, and economic and industry projections. For further discussion of these risks and uncertainties, please refer to the documents the Company files with the SEC from time to time, including the Company's Annual Report on Form 10-K for the year ended December 31, 2011. All forward-looking statements are made as of today, and the Company disclaims any duty to update such statements.

Non-GAAP Reporting
The Company presents non-GAAP financial measures only because investors and financial analysts use non-GAAP results in their analysis of historical results and projections of the Company's future operating results. The Company's management uses non-GAAP measures on a limited basis, primarily for employee performance-based compensation. In order to facilitate the computation of non-GAAP results for the financial analyst community and investors, the Company makes reference to non-GAAP net income and earnings per share. These non-GAAP results exclude the impact of stock-based compensation expense with related taxes and, write-off of California deferred tax asset. Micrel references those results to allow a better comparison of results in the current period to those in prior periods and to provide insight to the Company's on-going operating performance after exclusion of these items. The Company has reconciled such non-GAAP results to the most directly comparable GAAP financial measures in the financial tables at the end of this press release.

Reference to these non-GAAP results should be considered in addition to results that are prepared under current accounting standards, but should not be considered a substitute for results that are presented in accordance with GAAP. It should also be noted that Micrel's non-GAAP information may be different from the non-GAAP information provided by other companies.

About Micrel
Micrel, Inc. is a leading global manufacturer of IC solutions for the worldwide high performance linear and power, LAN and timing and communications markets. The Company's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, Ethernet switch and physical layer transceiver ICs. Company customers include leading manufacturers of enterprise, consumer, industrial, mobile, telecommunications, automotive, and computer products. Corporation headquarters and state-of-the-art wafer fabrication facilities are located in San Jose, CA, with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and reps worldwide. Web: www.micrel.com.

For further information, contact Ray Wallin at: Micrel, Incorporated, 2180 Fortune Drive, San Jose, California 95131, (408) 944-0800; or visit the Micrel website at: www.micrel.com.

-Financial Tables to Follow-



                            MICREL, INCORPORATED
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                  (In thousands, except per share amounts)
                                (Unaudited)

                             Three Months Ended         Twelve Months Ended
                      -------------------------------  --------------------
                       December  September   December
                         31,        30,        31,         December 31,
                      ---------  ---------  ---------  --------------------
                         2012       2012       2011       2012       2011
                      ---------  ---------  ---------  ---------  ---------
Net revenues          $  62,334  $  62,928  $  58,777  $ 250,112  $ 259,025
Cost of revenues*        30,984     29,661     29,084    117,185    115,881
                      ---------  ---------  ---------  ---------  ---------
Gross profit             31,350     33,267     29,693    132,927    143,144
                      ---------  ---------  ---------  ---------  ---------
Operating expenses:
  Research and
   development*          14,597     15,341     12,563     57,182     49,952
  Selling, general
   and
   administrative*       12,824     11,847     11,667     48,010     46,415
                      ---------  ---------  ---------  ---------  ---------
    Total operating
     expenses            27,421     27,188     24,230    105,192     96,367
                      ---------  ---------  ---------  ---------  ---------
Income from
 operations               3,929      6,079      5,463     27,735     46,777
Interest and other
 income (expense):
  Interest income           158        166        150        712        703
  Interest expense            -         47         (1)         -        (19)
  Other income
   (expense)                (32)         2          -       (153)       141
                      ---------  ---------  ---------  ---------  ---------
    Interest and
     other income
     (expense), net         126        215        149        559        825
                      ---------  ---------  ---------  ---------  ---------
Income before income
 taxes and
 noncontrolling
 interest                 4,055      6,294      5,612     28,294     47,602
Provision for income
 taxes**                  9,779      1,600        594     17,877     13,586
                      ---------  ---------  ---------  ---------  ---------
Net income (loss)        (5,724)     4,694      5,018     10,417     34,016
Less: Net income
 (loss) attributable
 to noncontrolling
 interest                     3         (9)         -        (10)         -
                      ---------  ---------  ---------  ---------  ---------
Net income (loss)
 attributable to
 Micrel, Incorporated $  (5,721) $   4,685  $   5,018  $  10,407  $  34,016
                      =========  =========  =========  =========  =========


Net income (loss) per
 share attributable
 to Micrel,
 Incorporated:
  Basic               $   (0.10) $    0.08  $    0.08  $    0.17  $    0.55
                      =========  =========  =========  =========  =========
  Diluted             $   (0.10) $    0.08  $    0.08  $    0.17  $    0.55
                      =========  =========  =========  =========  =========

Shares used in
 computing per share
 amounts:
  Basic                  58,172     59,242     61,379     59,623     61,609
                      =========  =========  =========  =========  =========
  Diluted                58,172     59,889     61,938     60,288     62,371
                      =========  =========  =========  =========  =========


* Includes
 amortization of
 stock-based
 compensation as
 follows:
  Cost of revenues    $     338  $     274  $     237  $   1,178  $   1,009
  Research and
   development              929        646        735      3,132      2,401
  Selling, general
   and administrative       995        719        707      3,282      2,444

**Includes $7.6 million reserve established against the Company's deferred
 tax assets in the fourth quarter of 2012 due to a change in California tax
 laws.


                            MICREL, INCORPORATED
        SUPPLEMENTAL RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS
                (In thousands, except per share amounts)
                               (Unaudited)

                             Three Months Ended         Twelve Months Ended
                      -------------------------------  --------------------
                       December  September   December
                         31,        30,        31,         December 31,
                      ---------  ---------  ---------  --------------------
                         2012       2012       2011       2012       2011
                      ---------  ---------  ---------  ---------  ---------

GAAP net income
 (loss) attributable
 to Micrel,
 Incorporated         $  (5,721) $   4,685  $   5,018  $  10,407  $  34,016
  Adjustments :
    Stock-based
     compensation
     included in:
      Cost of
       revenues             338        274        237      1,178      1,009
      Research and
       development          929        646        735      3,132      2,401
      Selling,
       general and
       administrative       995        719        707      3,282      2,444
    Tax effect of
     adjustments           (720)      (558)      (600)    (2,583)    (2,104)
                      ---------  ---------  ---------  ---------  ---------
    Stock-based
     compensation
     adjustments          1,542      1,081      1,079      5,009      3,750
    Write-off of
     California
     deferred tax
     asset                7,627          -          -      7,627          -
                      ---------  ---------  ---------  ---------  ---------
Non-GAAP net income
 attributable to
 Micrel,
 Incorporated*        $   3,448  $   5,766  $   6,097  $  23,043  $  37,766
                      =========  =========  =========  =========  =========


Non-GAAP shares used
 in computing non-
 GAAP income per
 share attributable
 to Micrel,
 Incorporated:
    Basic                58,172     59,242     61,379     59,623     61,609
                      =========  =========  =========  =========  =========
    Diluted              58,790     60,177     62,266     60,288     62,676
                      =========  =========  =========  =========  =========


GAAP income (loss)
 per share - Basic    $   (0.10) $    0.08  $    0.08  $    0.17  $    0.55
Total adjustments to
 GAAP net income
 (loss)                    0.16       0.02       0.02       0.22       0.06
                      ---------  ---------  ---------  ---------  ---------
Non-GAAP income per
 share - Basic        $    0.06  $    0.10  $    0.10  $    0.39  $    0.61
                      =========  =========  =========  =========  =========

GAAP income (loss)
 per share - Diluted  $   (0.10) $    0.08  $    0.08  $    0.17  $    0.55
Total adjustments to
 GAAP net income
 (loss)                    0.16       0.02       0.02       0.21       0.05
                      ---------  ---------  ---------  ---------  ---------
Non-GAAP income per
 share - Diluted      $    0.06  $    0.10  $    0.10  $    0.38  $    0.60
                      =========  =========  =========  =========  =========


* Non-GAAP results were reached by excluding the stock-based compensation
 expense with related income tax effects and deferred tax asset adjustment.
Non-GAAP results are presented to supplement our GAAP consolidated
 financial statements to allow a better comparison of results in the
 current period to those in prior periods and to provide meaningful insight
 to the Company's on-going operating performance after exclusion of these
 items.



                            MICREL, INCORPORATED
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (Unaudited)

                                                  December 31,  December 31,
                                                      2012          2011
                                                 ------------- -------------
ASSETS

CURRENT ASSETS:
  Cash, cash equivalents and short-term
   investments                                   $     103,630 $     137,875
  Restricted Cash                                          291             -
  Accounts receivable, net                              27,683        25,385
  Inventories                                           42,256        36,286
  Income taxes receivable                                4,090         6,881
  Other current assets                                   2,355         2,883
  Deferred income taxes                                 19,811        22,854
                                                 ------------- -------------
    Total current assets                               200,116       232,164

LONG-TERM INVESTMENTS                                    4,159         6,857
PROPERTY, PLANT AND EQUIPMENT, NET                      60,692        60,884
DEFERRED INCOME TAXES                                       16         8,657
GOODWILL                                                 6,076             -
INTANGIBLE ASSETS, NET                                   7,906             -
OTHER ASSETS                                             2,489         1,413
                                                 ------------- -------------
TOTAL                                            $     281,454 $     309,975
                                                 ============= =============

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                               $      21,936 $      17,096
  Deferred income on shipments to distributors          25,768        30,671
  Other current liabilities                              8,833         9,329
                                                 ------------- -------------
    Total current liabilities                           56,537        57,096

LONG-TERM INCOME TAXES PAYABLE                           2,759         6,450
LONG-TERM DEFFERRED INCOME TAXES                         1,054             -

SHAREHOLDERS' EQUITY:
TOTAL SHAREHOLDERS' EQUITY                             221,104       246,429
                                                 ------------- -------------
TOTAL                                            $     281,454 $     309,975
                                                 ============= =============

Contact:
Ray Wallin
Micrel, Incorporated
2180 Fortune Drive
San Jose, CA 95131
Phone: (408) 944-0800

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
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze 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. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.