Click here to close now.

Welcome!

.NET Authors: Elizabeth White, Liz McMillan, Pat Romanski, Jaynesh Shah, Carmen Gonzalez

News Feed Item

Agilysys, Inc. Reports Third Quarter Revenue Growth of 30% and Adjusted Earnings of $0.08 Per Diluted Share and GAAP Earnings of $0.02 Per Diluted Share

Agilysys, Inc. (Nasdaq: AGYS), a leading developer and marketer of proprietary enterprise software, services and solutions to the hospitality and retail industries, today reported operating results for its fiscal 2013 third quarter ended December 31, 2012, and raised its revenue and adjusted operating income forecast for the full year.

Summary of Fiscal 2013 Third Quarter Financial Results

  • Total net revenue increased $15.6 million, or 30%, to $67.2 million from $51.6 million in the prior-year period. Revenues for the Company’s Hospitality segment increased $6.5 million, or 30%, year over year, while revenues for the Company’s Retail segment rose $9.1 million, or 31%, from the prior-year period.
  • Recurring revenues (which are comprised of support, maintenance and subscription services) for the quarter were $19.4 million, an increase of 6% over the same period in fiscal 2012.
  • Gross margin was 35% in the fiscal 2013 third quarter compared to gross margin of 39% in the prior-year period. The decrease in the margin reflects a change in the mix of the products sold in the period.
  • Adjusted operating income (excluding stock-based compensation, amortization of intangibles and other one-time items) increased $3.3 million year over year to $2.1 million from an adjusted operating loss of $1.2 million in the year-ago period (see reconciliation below).
  • Adjusted net income (non-GAAP) from continuing operations grew to $1.7 million, or $0.08 per diluted share, compared with an adjusted net loss of $1.4 million, or ($0.06) per share, last year (see reconciliation below).
  • Net income for the period was $0.5 million, or $0.02 per diluted share, for the fiscal 2013 third quarter compared to a net loss of $6.5 million, or ($0.29), in the prior-year period, inclusive of a loss of ($0.03) from discontinued operations in the prior-year period.

James Dennedy, President and CEO of Agilysys, commented, “Our operating results for the third quarter and first nine months of fiscal 2013 reflect our expectations from the strategic initiatives implemented in the middle of fiscal 2012. Our personnel have eagerly embraced our strategy and as a result, we are delivering increased quality to our customers and value to our shareholders. Our success to date with the Company’s refocused business strategy is reflected in the growth of our Hospitality business, which continues to outpace growth in the overall industry, and in our ability to optimize the strong cash flow generated by our Retail business.

“Notwithstanding the progress made to date, we are still in the early stages of executing the refocused business strategy. We believe our emphasis on pursuing higher quality, recurring revenue opportunities and serving markets that place a premium on using technology to deliver a higher quality customer experience will produce above-market returns for our shareholders. Our approach to implementing this strategy will provide a more innovative place for our people to develop their careers and add more value to the solutions our customers receive from Agilysys. In future periods, we believe our operating leverage will continue to improve; recurring revenue, as a percentage of our overall business, will increase; product development investments will provide new innovation enabling our customers to grow their business; and our team will further improve upon the industry-leading customer service for which Agilysys is known.”

Summary of Fiscal 2013 First Nine Months Financial Results

  • Total net revenue for the period increased $16.2 million, or 10%, to $173.1 million, compared with $156.9 million in the comparable prior-year period. The Hospitality segment grew 18%, or $11.3 million, and the Retail segment revenue increased 5%, or approximately $5.0 million.
  • Recurring revenues (which are comprised of support, maintenance and subscription services) for the period were $57.3 million, an increase of 7% over the first nine months of fiscal 2012.
  • Gross margin of 38% was relatively flat compared to the prior-year period.
  • Adjusted operating income (excluding stock-based compensation, amortization of intangibles and other one-time items) for the first nine months of fiscal 2013 increased year over year by $8.7 million to $4.3 million from an adjusted operating loss of $4.4 million in the comparable year-ago period (see reconciliation below).
  • Adjusted net income (non-GAAP) from continuing operations grew to $3.8 million or $0.17 per diluted share, compared with the adjusted net loss of $5.8 million, or ($0.26) per share, in the first nine months of fiscal 2012 (see reconciliation below).
  • GAAP net loss was $1.6 million, or ($0.07) per share, in the first nine months of fiscal 2013 compared with a GAAP net loss of $5.8 million, or ($0.26) per share, in the year-ago period. GAAP net loss for the first nine months of fiscal 2012 includes net income of $10.4 million, or $0.46 per share, related to discontinued operations.

Robb Ellis, Chief Operating Officer and Chief Financial Officer, added, “We are pleased with the solid results we have generated and believe we have attractive opportunities to continue improving the business over the long term. Our results continue to reflect a good balance of current quarter performance and the prudent long-term investments we are making in the business. With nearly $80 million in cash and no debt, Agilysys has a solid balance sheet and the financial flexibility to support our goal of generating consistent profitable revenue growth while investing in our business to address new growth opportunities. Based on the success of the quarter and visibility into the year, we are increasing our fiscal 2013 guidance which reflects strong revenue growth and a return to profitable operations relative to fiscal 2012.”

Raises Fiscal 2013 Outlook

The table below compares the Company’s updated guidance to its prior guidance for fiscal 2013 and to the reported results for fiscal 2012:

            (In millions, except per-share)   Fiscal 2013   Fiscal 2013   Fiscal 2012
Updated Previous As Reported
 
Revenue $230 - $232 $208 - $211 $208.9
 
Adjusted operating income (loss) $6.0 - $6.5 $3.5 - $4.5 ($7.9)
 
Adjusted earnings (loss) per share (non-GAAP) $0.24 - $0.26 $0.16 - $0.21 ($0.39)
 

The Company’s updated guidance reflects year over year revenue growth of approximately 10% resulting in adjusted operating income improving by approximately $14 million and adjusted earnings per share improving by $0.63-$0.65.

2013 Third Quarter Conference Call and Webcast

Agilysys is hosting a conference call and webcast today, January 31, 2013, beginning at 4:30 P.M. ET. Both the call and the webcast are open to the general public. The conference call number is 913-312-1495 (domestic or international) and the passcode is 5825485. A slide deck, which will be the basis for the review, will accompany the conference call and can be accessed at http://agilysys.com/home/InvestorRelations/EventPresentation.htm. Please call five minutes prior to the presentation to ensure that you are connected.

Interested parties may also access the conference call live on the Internet at http://agilysys.com/home/InvestorRelations/EventPresentation.htm. Approximately two hours after the call has concluded, an archived version of the webcast will be available for replay at the same location at http://agilysys.com/home/InvestorRelations/EventPresentation.htm.

Forward-Looking Language

This press release and other publicly available documents, including the documents incorporated herein and therein by reference, contain, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These statements are based on management’s current expectations, intentions or beliefs and are subject to a number of factors, assumptions and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause or contribute to such differences or that might otherwise impact the business include the risk factors set forth in Item 1A of the company’s Annual Report for the fiscal year ended March 31, 2012. Copies are available from the SEC or the Agilysys website. We undertake no obligation to update any such factor or to publicly announce the results of any revisions to any forward-looking statements contained herein whether as a result of new information, future events or otherwise.

Use of Non-GAAP Financial Information

To supplement the unaudited condensed consolidated financial statements presented in accordance with U.S. GAAP in this press release, certain non-GAAP financial measures as defined by the SEC rules are used. These non-GAAP financial measures include adjusted operating income (loss) from continuing operations, adjusted net income (loss), adjusted net income (loss) per share and adjusted cash flow from operations. Management believes that such information can enhance investors' understanding of the company's ongoing operations. See the accompanying tables below for reconciliations of adjusted operating income (loss) from continuing operations and adjusted net income (loss), and adjusted cash flow from operations to the comparable GAAP measures.

Guidance

Guidance figures are based on the company’s current estimates and are subject to change by factors outside the company’s control. While this guidance is provided to give investors insight into expectations for the period, actual results may vary.

About Agilysys

Agilysys is a leading developer and marketer of proprietary enterprise software, services and solutions to the hospitality and retail industries. The Company specializes in market-leading point-of-sale, property management, inventory and procurement, and mobile and wireless solutions that are designed to streamline operations, improve efficiency and enhance the consumer’s experience. Agilysys serves casinos, resorts, hotels, foodservice venues, stadiums, cruise lines, grocery stores, convenience stores, general and specialty retail businesses and partners. Agilysys operates extensively throughout North America, with additional sales and support offices in the United Kingdom, Singapore and Hong Kong. For more information, visit www.agilysys.com.

AGILYSYS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

 

(In thousands, except per share data)

  Three Months Ended   Nine Months Ended
December 31, December 31,
2012  

2011

2012   2011
 
Net revenue:
Products $ 40,210 $ 25,725 $ 89,262 $ 80,387
Support, maintenance and subscription services 19,405 18,275 57,347 53,704
Professional services   7,596     7,582     26,494     22,767  
Total net revenue 67,211 51,582 173,103 156,858
Cost of goods sold:
Products 32,225 20,128 70,108 63,733
Support, maintenance and subscription services 6,911 6,223 20,779 19,270
Professional services   4,626     5,298     16,308     14,835  
Total cost of goods sold   43,762     31,649     107,195     97,838  
Gross profit 23,449 19,933 65,908 59,020
Operating expenses:
Product development 8,612 7,722 24,241 23,378
Sales and marketing 5,425 5,408 16,039 16,868
General and administrative 7,167 7,319 20,596 23,466
Depreciation of fixed assets 633 1,063 2,024 3,177
Amortization of intangibles 832 914 2,554 2,782
Asset impairment and related charges - - 208 -
Restructuring, severance and other charges   (31 )   4,556     1,524     10,590  
Operating income (loss) 811 (7,049 ) (1,278 ) (21,241 )
Other (income) expenses:
Interest income - (4 ) (8 ) (54 )
Interest expense 56 60 225 937
Other expenses, net   220     22     202     293  
Income (loss) before income taxes 535 (7,127 ) (1,697 ) (22,417 )
Income tax expense (benefit)   19     (1,353 )   (69 )   (6,209 )
Income (loss) from continuing operations 516 (5,774 ) (1,628 ) (16,208 )
(Loss) income from discontinued operations, net of taxes   -     (735 )   -     10,403  
Net income (loss) $ 516   $ (6,509 ) $ (1,628 ) $ (5,805 )
 
Basic weighted average shares outstanding   21,900     22,148     21,873     22,650  
 
Net income (loss) per share – basic:
Income (loss) from continuing operations $ 0.02 $ (0.26 ) $ (0.07 ) $ (0.72 )
(Loss) income from discontinued operations   -     (0.03 )   -     0.46  
Net income (loss) per share $ 0.02   $ (0.29 ) $ (0.07 ) $ (0.26 )
 
Diluted weighted average shares outstanding   22,088     22,148     21,873     22,650  
 
Net income (loss) per share – diluted:
Income (loss) from continuing operations $ 0.02 $ (0.26 ) $ (0.07 ) $ (0.72 )
(Loss) income from discontinued operations   -     (0.03 )   -     0.46  
Net income (loss) per share $ 0.02   $ (0.29 ) $ (0.07 ) $ (0.26 )
 

AGILYSYS, INC.

BUSINESS SEGMENT INFORMATION

(UNAUDITED)

 
  Three Months Ended December 31, 2012     Three Months Ended December 31, 2011
Reportable Segments   Corporate/   Reportable Segments   Corporate/  
(In thousands) HSG   RSG Other Consolidated HSG   RSG Other Consolidated
 
Net revenue:
Products $ 12,251 $ 27,959 $ - $ 40,210 $ 6,618 $ 19,107 $ - $ 25,725
Support, maintenance and subscription services 12,461 6,944 - 19,405 12,243 6,032 - 18,275
Professional services   3,478     4,118     -     7,596     2,819     4,763     -     7,582  
Total net revenue $ 28,190 $ 39,021 $ - $ 67,211 $ 21,680 $ 29,902 $ - $ 51,582
 
Gross profit $ 16,168 $ 7,281 $ - $ 23,449 $ 13,957 $ 5,976 $ - $ 19,933
Gross profit margin 57.4 % 18.7 % 34.9 % 64.4 % 20.0 % 38.6 %
 
Operating income (loss) $ 3,998 $ 3,020 $ (6,207 ) $ 811 $ 1,864 $ 1,439 $ (10,352 ) $ (7,049 )
Interest expense, net - - 56 56 - - 56 56
Other expenses, net   -     -     220     220     -     -     22     22  

Income (loss) from continuing operations before income taxes

$ 3,998   $ 3,020   $ (6,483 ) $ 535   $ 1,864   $ 1,439   $ (10,430 ) $ (7,127 )
 
 
Nine Months Ended December 31, 2012 Nine Months Ended December 31, 2011
Reportable Segments Corporate/ Reportable Segments Corporate/
HSG RSG Other Consolidated HSG RSG Other Consolidated
 
Net revenue:
Products $ 26,087 $ 63,175 $ - $ 89,262 $ 18,399 $ 61,988 $ - $ 80,387
Support, maintenance and subscription services 37,812 19,535 - 57,347 35,291 18,413 - 53,704
Professional services   10,882     15,612     -     26,494     9,800     12,967     -     22,767  
Total net revenue $ 74,781 $ 98,322 $ - $ 173,103 $ 63,490 $ 93,368 $ - $ 156,858
 
Gross profit $ 46,690 $ 19,218 $ - $ 65,908 $ 40,187 $ 18,833 $ - $ 59,020
Gross profit margin 62.4 % 19.5 % 38.1 % 63.3 % 20.2 % 37.6 %
 
Operating income (loss) $ 10,254 $ 6,862 $ (18,394 ) $ (1,278 ) $ 2,075 $ 5,169 $ (28,485 ) $ (21,241 )
Interest expense, net - - 217 217 - - 883 883
Other expenses, net   -     -     202     202     -     -     293     293  

Income (loss) from continuing operations before income taxes

$ 10,254   $ 6,862   $ (18,813 ) $ (1,697 ) $ 2,075   $ 5,169   $ (29,661 ) $ (22,417 )
 

AGILYSYS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

 
(In thousands, except share data)   December 31,   March 31,
2012 2012
ASSETS
Current assets:
Cash and cash equivalents $ 79,838 $ 97,587
Accounts receivable, net of allowance of $759 and $632, respectively 51,923 32,531
Inventories 18,192 15,710
Prepaid expenses 2,863 2,975
Other current assets   1,538     5,492  
Total current assets 154,354 154,295
Property and equipment, net 15,231 16,504
Goodwill 14,259 15,198
Intangible assets, net 15,922 14,135
Other non-current assets   4,005     4,007  
Total assets $ 203,771   $ 204,139  
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 42,298 $ 24,938
Deferred revenue 23,717 28,441
Accrued and other current liabilities 13,428 23,983
Capital lease obligations – current   342     647  
Total current liabilities 79,785 78,009
Deferred income taxes – non-current 5,186 5,135
Capital lease obligations – non-current 428 347
Other non-current liabilities 5,151 6,210
Shareholders’ equity:
Common shares, without par value, at $0.30 stated value; authorized 80,000,000 shares; 31,606,831 issued; and 22,136,981 and 21,875,850 shares outstanding at December 31, 2012 and March 31, 2012, respectively 9,482 9,482
Treasury shares (9,469,850 shares at December 31, 2012 and 9,730,981 shares at March 31, 2012) (2,840 ) (2,919 )
Capital in excess of stated value (14,919 ) (16,032 )
Retained earnings 122,248 123,876
Accumulated other comprehensive (loss) income   (750 )   31  
Total shareholders’ equity   113,221     114,438  
Total liabilities and shareholders’ equity $ 203,771   $ 204,139  
 

AGILYSYS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 
  Nine Months Ended
(In thousands) December 31,
2012   2011
Operating activities:
Net loss $ (1,628 ) $ (5,805 )
Income from discontinued operations   -     10,403  
Loss from continuing operations (1,628 ) (16,208 )
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
Restructuring, severance and other charges 1,524 10,590
Payments for restructuring charges (6,550 ) (3,916 )
Asset impairments and related charges 208 -
Depreciation 2,024 3,177
Amortization 3,304 4,757
Share-based compensation 1,274 2,350
Changes in operating assets and liabilities:
Accounts receivable (19,369 ) 1,746
Inventories (2,479 ) (773 )
Accounts payable 16,610 2,771
Deferred revenue (4,673 ) (10,677 )
Accrued and other liabilities (7,071 ) (4,846 )
Income taxes payable (319 ) 1,635
Other changes, net   (243 )   (375 )
Net cash used in operating activities from continuing operations (17,388 ) (9,769 )
Net cash used in operating activities from discontinued operations   -     (27,923 )
Net cash used in operating activities (17,388 ) (37,692 )
 
Investing activities:
Proceeds from the sale of marketable securities 4,347 5,025
Proceeds from the sale of TSG - 59,470
Investments in marketable securities - (40,039 )
Capital expenditures (4,051 ) (3,089 )
(Investments in) proceeds from Company-owned life insurance policies   (85 )   235  
Net cash provided by investing activities from continuing operations 211 21,602
Net cash provided by investing activities from discontinued operations   -     -  
Net cash provided by investing activities 211 21,602
 
Financing activities:
Exercise of employee stock options 67 210
Repurchases of shares to satisfy employee tax withholding and option price (148 ) (1,328 )
Repurchase of common stock - (12,127 )
Principal payment under long-term obligations   (545 )   (823 )
Net cash used in financing activities from continuing operations (626 ) (14,068 )
Net cash used in financing activities from discontinued operations   -     -  
Net cash used in financing activities (626 ) (14,068 )
 
Effect of exchange rate changes on cash   54     (135 )
Cash flows used in continuing operations (17,749 ) (2,370 )
Cash flows used in discontinued operations   -     (27,923 )
Net decrease in cash (17,749 ) (30,293 )
Cash and cash equivalents at beginning of period   97,587     74,354  
Cash and cash equivalents at end of period $ 79,838   $ 44,061  
 

AGILYSYS, INC.

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED NET INCOME (LOSS)

(UNAUDITED)

 
(In thousands, except per share data)   Three Months Ended   Nine Months Ended
December 31, December 31,
2012   2011 2012   2011
 
Operating income (loss) $ 811 $ (7,049 ) $ (1,278 ) $ (21,241 )
Share-based compensation expense 443 361 1,274 2,350
Amortization of intangibles 832 914 2,554 2,782
Asset impairments and related charges - - 208 -
Impact from revision to prior period financial statements - - - 1,127
Restructuring, severance and other charges   (31 )   4,556     1,524     10,590  
Adjusted operating income (loss) from continuing operations (a) 2,055 (1,218 ) 4,282 (4,392 )
 
Other expenses, net 276 78 419 1,176
Cash income tax expense (b)   50     82     113     241  
Adjusted net income (loss) (a) $ 1,729   $ (1,378 ) $ 3,750   $ (5,809 )
 
Weighted average shares outstanding:
Basic 21,900 22,148 21,873 22,650
Diluted 22,088 22,148 21,873 22,650
 
Adjusted net income (loss) per share (a):
Basic $ 0.08 $ (0.06 ) $ 0.17 $ (0.26 )
Diluted $ 0.08 $ (0.06 ) $ 0.17 $ (0.26 )
 
(a) Non-GAAP financial measure
 
(b) Taxes calculated based upon our cash tax rate for the three and nine months ended December 31, 2012 and 2011.
 

AGILYSYS, INC.

RECONCILIATION OF OPERATING CASH FLOWS FROM CONTINUING OPERATIONS

TO ADJUSTED CASH FLOWS FROM CONTINUING OPERATIONS

(UNAUDITED)

 
  Nine Months Ended
(In thousands) December 31,
2012   2011
Operating activities:
Net cash used in continuing operations $ (17,388 ) $ (9,769 )
Non-recurring cash items:
Restructuring payments 6,550 3,916
BEP/SERP payments   6,271     4,420  
Adjusted cash used in continuing operations $ (4,567 ) $ (1,433 )

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete between sessions.
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo – to be held June 9-11, 2015, at the Javits Center in New York City, NY – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of...
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise behind this presentation will provide attendees with a leading edge view of rapidly emerging IoT oppor...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver 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. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
Collecting data in the field and configuring multitudes of unique devices is a time-consuming, labor-intensive process that can stretch IT resources. Horan & Bird [H&B], Australia’s fifth-largest Solar Panel Installer, wanted to automate sensor data collection and monitoring from its solar panels and integrate the data with its business and marketing systems. After data was collected and structured, two major areas needed to be addressed: improving developer workflows and extending access to a business application to multiple users (multi-tenancy). Docker, a container technology, was used to ...
Hadoop as a Service (as offered by handful of niche vendors now) is a cloud computing solution that makes medium and large-scale data processing accessible, easy, fast and inexpensive. In his session at Big Data Expo, Kumar Ramamurthy, Vice President and Chief Technologist, EIM & Big Data, at Virtusa, will discuss how this is achieved by eliminating the operational challenges of running Hadoop, so one can focus on business growth. The fragmented Hadoop distribution world and various PaaS solutions that provide a Hadoop flavor either make choices for customers very flexible in the name of opti...
For years, we’ve relied too heavily on individual network functions or simplistic cloud controllers. However, they are no longer enough for today’s modern cloud data center. Businesses need a comprehensive platform architecture in order to deliver a complete networking suite for IoT environment based on OpenStack. In his session at @ThingsExpo, Dhiraj Sehgal from PLUMgrid will discuss what a holistic networking solution should really entail, and how to build a complete platform that is scalable, secure, agile and automated.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of presentation. In her session at @ThingsExpo, Jocelyn Scheirer, CEO & Founder of Bionolux, will discuss ho...
Every day we read jaw-dropping stats on the explosion of data. We allocate significant resources to harness and better understand it. We build businesses around it. But we’ve only just begun. For big payoffs in Big Data, CIOs are turning to cognitive computing. Cognitive computing’s ability to securely extract insights, understand natural language, and get smarter each time it’s used is the next, logical step for Big Data.
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.