Welcome!

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

News Feed Item

Bally Technologies, Inc. Reports Record Second-Quarter Fiscal 2013 Diluted EPS of $0.80, up 48 Percent from Prior Year

Bally Technologies, Inc. (NYSE: BYI):

  • WIDE-AREA PROGRESSIVE INSTALLED BASE GROWS 87 PERCENT AND SETS RECORD QUARTERLY REVENUE
  • SYSTEMS MAINTENANCE REVENUE INCREASES 28 PERCENT AND SETS RECORD QUARTERLY REVENUE OF $23 MILLION
  • INCREASES FISCAL 2013 DILUTED EPS GUIDANCE TO $3.20 TO $3.40

Bally Technologies, Inc. (NYSE: BYI), a leader in slots, video machines, casino management, interactive applications, and networked and server-based systems for the global gaming industry, today announced record second-quarter diluted earnings per share (“Diluted EPS”) of $0.80 and record second-quarter revenue of $238 million for the three months ended December 31, 2012.

“Our second quarter fiscal 2013 demonstrated continued momentum in all major business areas,” said Ramesh Srinivasan, the Company’s President and Chief Executive Officer. “We are excited about our scheduled product launches over the next few months, including new wide-area progressive (‘WAP’) games featuring Hot Shot Progressive® and NASCAR®, as well as the recently released Pawn Stars™ premium daily-fee game. The Elite Bonusing Suite™ is gaining further traction with additional customer purchases in the second quarter. Finally, traditional domestic replacement sales were up year-over-year for the seventh consecutive quarter, based on continued acceptance of our growing library of game content and our increasing presence in video lottery. I am happy with Bally’s trajectory and the steadily increasing visibility we have into our near- and long-term future growth.”

“Operating margins increased to 24 percent, reflecting our ability to leverage infrastructure and continue to realize efficiencies in our supply chain,” said Neil Davidson, the Company’s Chief Financial Officer. “Further, we continued to build revenues that are recurring in nature as we set records in both WAP and systems maintenance revenues. We are thoughtfully allocating capital to invest in our growth and to enhance shareholder value. This quarter represents the 21st quarter in a row that we have repurchased stock. During the second quarter, we purchased 530,000 shares of common stock for $24 million at $45.43 per share.”

As of today, the Company has approximately $126 million available under its Board-authorized share repurchase plan. Additionally, the Company’s leverage ratio remains below 2.0 times, which leaves the Company’s share repurchases unrestricted under the terms of its credit agreement.

Second Quarter Fiscal Year 2013 Highlights

                   
Three Months Ended December 31, Six Months Ended December 31,

2012

%
Rev

2011

%
Rev

2012

%
Rev

2011

%
Rev

(dollars in millions, except per share amounts)
Revenues:                      
Gaming Equipment $ 82.6 35 % $ 70.2 33 %   $ 165.3 35 % $ 134.6 33 %
Gaming Operations 99.0 41 % 86.2 41 %   200.2 42 % 171.2 42 %
Systems 56.7 24 %   54.0 26 % 108.0 23 % 99.6 25 %
Total revenues $ 238.3 100 % $ 210.4 100 % $ 473.5 100 % $ 405.4 100 %
 
Gross Margin:
Gaming Equipment (1) $ 43.9 53 % $ 30.0 43 % $ 83.1 50 % $ 58.4 43 %
Gaming Operations 69.7 70 % 62.4 72 % 139.8 70 % 123.1 72 %
Systems (1) 43.2 76 %   40.1 74 % 82.7 76 % 74.6 75 %
Total gross margin $ 156.8 66 % $ 132.5 63 % $ 305.6 65 % $ 256.1 63 %
 
Selling, general and administrative $ 67.9 28 % $ 61.3 29 % $ 132.4 28 % $ 118.5 29 %
Research and development costs 26.6 11 % 22.4 11 % 51.7 11 % 45.8 11 %
Depreciation and amortization 5.7 3 %   5.8 3 % 11.3 3 % 11.4 3 %
Operating income $ 56.6 24 % $ 43.0 20 % $ 110.2 23 % $ 80.4 20 %
Adjusted EBITDA $ 81.1 $ 67.2 $ 159.9 $ 126.3
Diluted EPS $ 0.80 $ 0.54 $ 1.57 $ 0.99
(1)   Gross Margin from Gaming Equipment and Systems excludes amortization related to certain intangibles, including core technology and license rights, which are included in depreciation and amortization.
 

Three Months Ended
December 31,

 

Six Months Ended
December 31,

2012   2011 2012   2011
Operating Statistics
New gaming devices 4,565 3,636 9,173 7,035
New unit Average Selling Price (“ASP”) $ 16,553 $ 17,201 $ 16,704 $ 16,922
          As of December 31,
2012   2011
End-of-period installed base:
Linked progressive systems 2,320 1,263
Rental and daily-fee games 14,962 14,624
Lottery systems 12,222 10,832
Centrally determined systems 37,120 47,461

Highlights of Certain Results for the Three Months Ended December 31, 2012

Overall

  • Total revenue increased 13 percent to a second-quarter record $238 million as compared with $210 million last year.
  • Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, including share-based compensation), a non-GAAP financial measure, increased 21 percent to a second-quarter record $81 million as compared with $67 million last year.
  • Selling, general and administrative expenses (“SG&A”) declined to 28 percent of total revenues from 29 percent last year.
  • Research and development expenses (“R&D”) remained constant at 11 percent of total revenues.
  • Operating income increased 32 percent to $57 million compared with $43 million last year. Operating margin increased to 24 percent from 20 percent last year.
  • Diluted EPS increased 48 percent to a second-quarter record $0.80 from $0.54 last year.

Gaming Equipment

  • Revenues increased 18 percent to $83 million as compared with $70 million last year, driven by higher domestic replacement sales, the shipment of 568 Canadian Video Lottery Terminals (“VLT”), and the shipments of units into the Illinois Video Gaming Terminal (“VGT”) market.
  • ASP of new gaming devices decreased 4 percent to $16,553 per unit from $17,201 last year, primarily as a result of a higher mix of lower-ASP VLT and VGT units sold in the quarter.
  • New-unit sales to international customers were 17 percent of total new-unit shipments.
  • Gross margin increased to 53 percent from 43 percent last year, due to continued cost reductions on the Pro Series™ line of cabinets and sales mix, a reduction in cost due to a customer contract election, and an increase in conversion kit revenue.

Gaming Operations

  • Revenues increased 15 percent to a second-quarter record $99 million as compared with $86 million last year, driven primarily by 87 percent growth in the installed base of WAP games.
  • Gross margin decreased to 70 percent from 72 percent last year, primarily due to higher jackpot expense.

Systems

  • Revenues increased 5 percent to $57 million as compared with $54 million last year.
  • Maintenance revenues increased 28 percent to a record $23 million as compared with $18 million last year.
  • Gross margin increased to 76 percent from 74 percent last year, primarily as a result of the change in mix of products. Specifically, hardware sales were 27 percent of systems revenues, and software and service sales were 32 percent, as compared to 33 percent for hardware and 33 percent for software and services in the same period last year.

Highlights of Certain Results for the Six Months Ended December 31, 2012

Overall

  • Total revenue increased 17 percent to a record $473 million as compared with $405 million last year.
  • Adjusted EBITDA increased 27 percent to a record $160 million as compared with $126 million last year.
  • SG&A declined to 28 percent of total revenues from 29 percent last year.
  • R&D remained constant at 11 percent of total revenues.
  • Operating income increased 37 percent to a record $110 million compared with $80 million last year. Operating margin increased to 23 percent from 20 percent last year.
  • Diluted EPS increased 59 percent to a record $1.57 from $0.99 last year.

Gaming Equipment

  • Revenues increased 23 percent to $165 million as compared with $135 million last year, driven by higher domestic replacement sales, Canadian VLT shipments, and shipments into the Illinois VGT market.
  • ASP of new gaming devices decreased 1 percent to $16,704 per unit from $16,922 last year, primarily as a result of a higher mix of lower-ASP VLT and VGT units sold.
  • New-unit sales to international customers were 17 percent of total new-unit shipments.
  • Gross margin increased to 50 percent from 43 percent last year, primarily due to mix and cost reductions on certain models of the Pro Series line of cabinets and sales mix.

Gaming Operations

  • Revenues increased 17 percent to a record $200 million as compared with $171 million last year, driven by 87 percent growth in the installed base of WAP games, as well as previously placed games at Resorts World Casino New York City which opened in late calendar 2011.
  • Gross margin decreased to 70 percent from 72 percent last year, primarily due to higher jackpot expense.

Systems

  • Revenues increased 8 percent to $108 million as compared with $100 million last year.
  • Maintenance revenues increased 22 percent to a record $44 million as compared with $36 million last year.
  • Gross margin increased to 76 percent from 75 percent last year, primarily as a result of the change in mix of products. Specifically, hardware sales were 26 percent of systems revenues, and software and service sales were 33 percent, as compared to 31 percent for hardware and 33 percent for software and services in the same period last year.

Fiscal 2013 Business Update

The Company increased its fiscal 2013 guidance for Diluted EPS to a range of $3.20 to $3.40. This guidance assumes an effective tax rate between 36 percent and 37 percent for the fiscal year.

The Company has provided this range of earnings guidance for fiscal 2013 to give investors general information on the overall direction of its business at this time. The guidance provided is subject to numerous uncertainties, including, among others, overall economic and capital-market conditions, the market for gaming devices and systems, changes in gaming legislation, the timing of new jurisdictions and casino openings, the timing and completion of new systems installations, competitive product introductions, complex revenue-recognition rules related to the Company’s business, and assumptions about the Company’s new product introductions and regulatory approvals. The Company does not intend and undertakes no obligation to update its forward-looking statements, including forecasts, potential opportunities for growth in new and existing markets, and future prospects for proposed new products. Accordingly, the Company does not intend to update guidance during the quarter. Additional information about the factors that could potentially affect the Company’s financial results included in today’s press release can be found in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Non-GAAP Financial Measures

The following table reconciles the Company’s net income attributable to Bally Technologies, Inc., as determined in accordance with generally accepted accounting principles (“GAAP”), to Adjusted EBITDA:

 

Three Months Ended

  Six Months Ended
December 31, December 31,
2012   2011 2012   2011

(in 000s)

Income from continuing operations, net of tax $ 33,126 $ 24,268 $ 65,658 $ 44,660
Interest expense, net 3,135 3,339 6,608 6,612
Income tax expense 19,389 14,688 37,818 26,541
Depreciation and amortization 22,339 20,984 43,658 41,193
Share-based compensation 3,136 3,890 6,157 7,282
Adjusted EBITDA $ 81,125 $ 67,169 $ 159,899 $ 126,288

Adjusted EBITDA is a supplemental non-GAAP financial measure used by the Company’s management and by some industry analysts to evaluate the Company’s ability to service debt, and is used by some investors and financial analysts in the gaming industry in measuring and comparing Bally’s leverage, liquidity, and operating performance to other gaming companies. Adjusted EBITDA should not be considered an alternative to operating income or net cash from operations as determined in accordance with GAAP. Not all companies calculate Adjusted EBITDA the same way, and the Company’s presentation may be different from those presented by other companies.

Earnings Conference Call and Webcast

As previously announced, the Company is hosting a conference call and webcast today at 4:30 p.m. EST (1:30 p.m. PST). The conference-call dial-in number is 877-261-8990 or 847-619-6441 (International); passcode “Bally.” The webcast can be accessed by visiting BallyTech.com and selecting “Investor Relations.” Interested parties should initiate the call and webcast process at least five minutes prior to the beginning of the presentation. For those who miss this event, an archived version will be available at BallyTech.com until March 2, 2013.

About Bally Technologies, Inc.

With a history dating back to 1932, Las Vegas-based Bally Technologies designs, manufactures, operates, and distributes advanced technology-based gaming devices and systems worldwide, as well as interactive and mobile solutions. Bally’s product line includes reel-spinning slot machines, video slot machines, wide-area progressives, and Class II, lottery, and central determination games and platforms. Bally also offers an array of casino management, slot accounting, bonusing, cashless, and table-management solutions. Additional Company information, including the Company’s investor presentation, can be found at BallyTech.com. Connect with Bally on Facebook, Twitter, YouTube and LinkedIn.

This news release may contain “forward-looking” statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and is subject to the safe harbors created thereby. Forward looking-statements are subject to change and involve risks and uncertainties that could significantly affect future results, including those risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. Although the Company believes any expectations expressed in any forward-looking statements are reasonable, future results may differ materially from those expressed in any forward-looking statements. The Company undertakes no obligation to update the information in this press release except as required by law and represents that the information speaks only as of today’s date.

— BALLY TECHNOLOGIES, INC. —

NASCAR − NASCAR® is a registered trademark of the National Association for Stock Car Auto Racing, Inc. NASCAR® is a registered trademark of NASCAR, Inc.; Pawn Stars − ©2013 A&E Television Networks, LLC. All rights reserved. Pawn Stars, HISTORY, the “H” and their associated logos are trademarks of A&E Television Networks, LLC. Gold & Silver and its associated logos are trademarks of Gold & Silver Coin Shop, Inc. All rights reserved.

BALLY TECHNOLOGIES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS AND SIX MONTHS ENDED DECEMBER 31, 2012 AND DECEMBER 31, 2011

 
Three Months Ended Six Months Ended
December 31, December 31,
2012 2011 2012 2011
(in 000s, except per share amounts)
Revenues:
Gaming equipment and systems $ 139,323 $ 124,217 $ 273,334 $ 234,230
Gaming operations 99,016 86,240 200,156 171,194
238,339 210,457 473,490 405,424
Costs and expenses:
Cost of gaming equipment and systems(1) 52,205 54,073 107,559 101,174
Cost of gaming operations 29,335 23,858 60,328 48,090
Selling, general and administrative 67,852 61,304 132,368 118,526
Research and development costs 26,599 22,377 51,694 45,763
Depreciation and amortization 5,687 5,806 11,291 11,441
181,678 167,418 363,240 324,994
Operating income 56,661 43,039 110,250 80,430
Other income (expense):
Interest income 1,403 1,146 2,547 2,470
Interest expense (4,538 ) (4,485 ) (9,155 ) (9,082 )
Other, net (1,059 ) (728 ) (1,802 ) (2,584 )
Income from operations before income taxes 52,467 38,972 101,840 71,234
Income tax expense (19,389 ) (14,688 ) (37,818 ) (26,541 )
Net income 33,078 24,284 64,022 44,693
Less net income (loss) attributable to noncontrolling interests (48 ) 16 (1,636 ) 33
Net income attributable to Bally Technologies, Inc. $ 33,126 $ 24,268 $ 65,658 $ 44,660
 
Basic and Diluted earnings per share attributable to Bally Technologies, Inc.:
Basic earnings per share $ 0.82 $ 0.57 $ 1.62 $ 1.03
Diluted earnings per share $ 0.80 $ 0.54 $ 1.57 $ 0.99
 
Weighted average shares outstanding:
Basic 40,399 42,870 40,633 43,296
Diluted 41,494 44,771 41,805 45,176
(1)   Cost of gaming equipment and systems excludes amortization related to certain intangibles, including core technology and license rights, which are included in depreciation and amortization.

BALLY TECHNOLOGIES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF DECEMBER 31, 2012 AND JUNE 30, 2012

 

December 31,
2012

June 30,
2012

(in 000s, except share amounts)
ASSETS
Current assets:
Cash and cash equivalents $ 69,563 $ 32,673
Restricted cash 13,215 13,645
Accounts and notes receivable, net of allowances for doubtful accounts of $18,195 and $14,073 264,848 264,842
Inventories 73,877 75,066
Prepaid and refundable income tax 31,457 13,755
Deferred income tax assets 41,740 42,822
Deferred cost of revenue 18,585 17,615
Prepaid assets 15,520 13,061
Other current assets 3,540 6,980
Total current assets 532,345 480,459
Restricted long-term investments 10,577 12,171
Long-term accounts and notes receivables, net of allowances for doubtful accounts of $3,305 and $3,029 34,567 55,786
Property, plant and equipment, net of accumulated depreciation of $57,557 and $58,823 33,431 30,667
Leased gaming equipment, net of accumulated depreciation of $202,250 and $185,846 123,504 121,151
Goodwill 172,252 171,971
Intangible assets, net 34,727 39,166
Deferred income tax assets 8,760 7,409
Income tax receivable 12,041 12,041
Deferred cost of revenue 12,747 16,542
Other assets, net 22,770 23,104
Total assets $ 997,721 $ 970,467
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 32,118 $ 41,414
Accrued and other liabilities 86,383 85,310
Jackpot liabilities 9,396 11,682
Deferred revenue 56,202 46,314
Income tax payable 3,330 12,226
Current maturities of long-term debt 20,891 17,091
Total current liabilities 208,320 214,037
Long-term debt, net of current maturities 538,125 494,375
Deferred revenue 21,262 26,715
Other income tax liability 14,646 13,922
Other liabilities 19,210 23,943
Total liabilities 801,563 772,992
Commitments and contingencies
Stockholders’ equity:
Special stock, 10,000,000 shares authorized: Series E, $100 liquidation value;
115 shares issued and outstanding
12 12
Common stock, $.10 par value; 100,000,000 shares authorized; 64,491,000 and
63,150,000 shares issued and 41,201,000 and 42,102,000 outstanding
6,442 6,309
Treasury stock at cost, 23,290,000 and 21,048,000 shares (890,668 ) (790,633 )
Additional paid-in capital 522,199 489,002
Accumulated other comprehensive loss (12,089 ) (13,477 )
Retained earnings 570,553 504,895
Total Bally Technologies, Inc. stockholders’ equity 196,449 196,108
Noncontrolling interests (291 ) 1,367
Total stockholders’ equity 196,158 197,475
Total liabilities and stockholders’ equity $ 997,721 $ 970,467

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
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
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...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
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...
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
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...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
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...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
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...
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
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...