Welcome!

Microsoft Cloud Authors: Liz McMillan, John Basso, Pat Romanski, Glenn Rossman, Elizabeth White

News Feed Item

Interface Reports Fourth Quarter And Fiscal Year 2012 Results

ATLANTA, Feb. 14, 2013 /PRNewswire/ -- Interface, Inc. (Nasdaq: TILE), a worldwide carpet tile company and global leader in sustainability, today announced results for the fourth quarter and fiscal year ended December 30, 2012. 

"We had a solid top line in the fourth quarter, led by our Americas division which posted a record number for fourth quarter sales," said Daniel T. Hendrix, Chairman and CEO.  "We also saw good sales growth in emerging geographic markets, while Europe continued to stabilize and our Australia business became better adapted to a temporary import model following the plant fire in the third quarter that has suspended manufacturing there.  Even with the disruption in Australia, gross margin improved 140 basis points year-over-year and held even sequentially with the prior quarter."

Mr. Hendrix added that the Company has leased a new building to replace its damaged Australian plant and expects to have the new facility operational in the fourth quarter of 2013.  He also noted the transition of the Company's ticker symbol on Nasdaq to TILE, calling it, "a representation of our worldwide leadership as the only global manufacturer dedicated exclusively to carpet tile."

Fourth Quarter 2012 Financial Results
SALES:  Sales for the fourth quarter of 2012 were $249.6 million, up slightly compared with sales of $244.5 million in the fourth quarter of 2011. 

  • The Americas division, up 8.2% year-over-year, led the increase, with segment growth in corporate office (up 16%), education (up 14%), government (up 22%) and hospitality (up 63%) offsetting decreases in the retail (down 31%) and healthcare (down 16%) segments.
  • The Asia-Pacific region was essentially even year-over-year, with sales growth in China and Southeast Asia offsetting declines in Japan and Australia.  Australia's sales continue to be impacted by the plant fire and the transition to a temporary import model, with product for Australia currently being manufactured at the Company's other plants worldwide.  Corporate office sector sales in the Asia-Pacific region were up 14% year‑over-year, with other segments steady or slightly down.
  • The European region was down 3% in local currency, or 7% as reported in U.S. dollars.  Sales in local currency increased in the government (up 11%), retail (up 27%) and hospitality (up 12%) segments.
  • As previously announced, the Company completed the sale of its Bentley Prince Street business segment in August of 2012.  Results for Bentley Prince Street for the 2012 fourth quarter and full year, and for all prior periods, have been classified as discontinued operations.

OPERATING INCOME:  Excluding a $2.3 million restructuring charge and $0.8 million of Australia fire expenses, operating income in the 2012 fourth quarter was $21.9 million, or 8.8% of sales.  (Including those charges and expenses, operating income was $18.8 million, or 7.5% of sales.)  This compares with operating income in the 2011 fourth quarter of $20.7 million, or 8.5% of sales, excluding a restructuring charge of $5.8 million in that period.  (Including the prior year period restructuring charge, operating income in the 2011 fourth quarter was $14.9 million, or 6.1% of sales).  SG&A expenses in the quarter were $63.2 million, or 25.3% of sales, versus 24.2% in the fourth quarter of 2011 and up sequentially from 23.9% in the third quarter of 2012.  The increase was largely attributable to additional sales and marketing expenditures, primarily from the opening of five new FLOR stores, as well as higher incentive compensation.

INCOME FROM CONTINUING OPERATIONS:  Excluding the above-mentioned restructuring charge and Australia fire expenses, the Company reported income from continuing operations of $10.4 million, or $0.16 per diluted share, in the fourth quarter of 2012.  With these items, income from continuing operations was $7.4 million, or $0.11 per diluted share.  Excluding the $5.8 million restructuring charge in the prior year period, income from continuing operations was $9.0 million, or $0.14 per diluted share (including the charge, $5.0 million, or $0.08 per diluted share) in the fourth quarter of 2011.

NET INCOME: After the items discussed above, net income for the quarter was $7.4 million, or $0.11 per diluted share.  This compares with net income of $3.9 million, or $0.06 per diluted share, in the fourth quarter last year, which included a loss from discontinued operations of $1.1 million related to the former Bentley Prince Street operations.

FISCAL YEAR 2012 FINANCIAL SUMMARY

  • SALES:  For the full year 2012, sales were $932.0 million, compared with $953.0 million in 2011, a decrease of 2.2%.  Fluctuations in currency exchange rates negatively impacted 2012 sales by approximately 2% (approximately $15 million) relative to the prior year.
  • OPERATING INCOME:  Excluding restructuring and asset impairment charges totaling $19.4 million and $1.7 million of expenses related to the Australia fire, operating income for 2012 was $85.8 million, or 9.2% of sales.  This compares with operating income in 2011, excluding restructuring charges, of $91.5 million, or 9.6% of sales.  Including all items, operating income was $64.6 million in 2012, compared with $85.7 million in the prior year.
  • INCOME FROM CONTINUING OPERATIONS:  Excluding restructuring and asset impairment charges and Australia fire expenses, income from continuing operations in 2012 was $39.4 million, or $0.60 per diluted share (with these items included, it was $22.9 million, or $0.35 per diluted share).  This compares with 2011 income from continuing operations, excluding a restructuring charge, of $42.3 million, or $0.65 per diluted share (with the charge included, last year's income from continuing operations was $38.3 million, or $0.58 per diluted share).
  • NET INCOME:  Including all items, as well as a loss from discontinued operations of $17.0 million, the Company reported 2012 net income of $5.9 million, or $0.09 per diluted share.  In 2011, net income was $38.7 million, or $0.59 per diluted share.

Patrick C. Lynch, Senior Vice President and Chief Financial Officer, commented, "We ended the year in a strong financial position, with a cash balance of $90.5 million.  Orders were up 4.6% on a consolidated basis in the fourth quarter, with strength in the U.S. and decent improvements in Europe and Asia.  While the impact of the fire at our Australia plant remains difficult to quantify, we believe the diminished level of business in the country negatively affected operating income in the range of $2.5 million to $3.5 million in the fourth quarter.  Our consumer business, FLOR, ended the quarter with a healthy year-over-year increase in sales, a consequence of robust retail store expansion in 2012.  In addition, our China plant swung from a loss to a profit during the quarter, as its production volume ramped up to support our Australia business. 

Mr. Hendrix concluded, "We are encouraged by our prospects for 2013, particularly in the U.S., Latin America, China and Southeast Asia, where robust project activity and improving macro-environments bode well for our continued growth.  We also look forward to a good year for our FLOR consumer business, as our retail stores – now at 18 locations with more on the way – continue to mature and yield bigger profits.  We are targeting further gross profit expansion from lean manufacturing, primarily in the Americas, and from gaining further efficiency importing into Australia, and we will limit additional SG&A spending while growing the top line to get these expenses back to an optimal percentage of sales."

Webcast and Conference Call Information
The Company will host a conference call tomorrow morning, February 15, 2013, at 9:00 a.m. Eastern Time, to discuss its fourth quarter and fiscal year 2012 results.  The conference call will be simultaneously broadcast live over the Internet.  Listeners may access the conference call live over the Internet at the following address:
HTTP://EDGE.MEDIA-SERVER.COM/M/P/9RB7AF6S/LAN/EN or through the Company's website at:
HTTP://WWW.INTERFACEGLOBAL.COM/INVESTOR-RELATIONS.ASPX. The archived version of the webcast will be available at these sites for one year beginning approximately one hour after the call ends.

Interface, Inc. is the world's largest manufacturer of modular carpet, which it markets under the Interface and FLOR  brands. The Company is committed to the goal of sustainability and doing business in ways that minimize the impact on the environment while enhancing shareholder value. 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Except for historical information contained herein, the other matters set forth in this news release are forward‑looking statements.  The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including risks and uncertainties associated with economic conditions in the commercial interiors industry as well as the risks and uncertainties discussed under the heading "Risk Factors" included in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended January 1, 2012, which discussion is incorporated herein by this reference, including, but not limited to, the discussion of specific risks and uncertainties under the headings "The ongoing worldwide financial and credit crisis could have a material adverse effect on our business, financial condition and results of operations," "Sales of our principal products have been and may continue to be affected by adverse economic cycles in the renovation and construction of commercial and institutional buildings," "We compete with a large number of manufacturers in the highly competitive commercial floorcovering products market, and some of these competitors have greater financial resources than we do," "Our success depends significantly upon the efforts, abilities and continued service of our senior management executives and our principal design consultant, and our loss of any of them could affect us adversely," "Our substantial international operations are subject to various political, economic and other uncertainties that could adversely affect our business results, including by restrictive taxation or other government regulation and by foreign currency fluctuations," "Concerns regarding the European sovereign debt crisis and market perceptions about the instability of the euro, the potential re-introduction of individual currencies within the Eurozone, or the potential dissolution of the euro entirely, could adversely affect our business, results of operations or financial condition," "Large increases in the cost of petroleum-based raw materials could adversely affect us if we are unable to pass these cost increases through to our customers," "Unanticipated termination or interruption of any of our arrangements with our primary third party suppliers of synthetic fiber could have a material adverse effect on us," "We have a significant amount of indebtedness, which could have important negative consequences to us," "The market price of our common stock has been volatile and the value of your investment may decline," "Our earnings in a future period could be adversely affected by non-cash adjustments to goodwill, if a future test of goodwill assets indicates a material impairment of those assets," and "Our Rights Agreement could discourage tender offers or other transactions for our stock that could result in shareholders receiving a premium over the market price for our stock."  Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made.  The Company assumes no responsibility to update or revise forward-looking statements made in this press release and cautions readers not to place undue reliance on any such forward-looking statements.


 


Consolidated Condensed Statements of Operations

Three Months Ended

Twelve Months Ended

(In thousands, except per share data)

12/30/12

01/01/12

12/30/12

01/01/12






Net Sales

$ 249,595

$ 244,478

$ 932,020

$ 953,045

Cost of Sales

164,497

164,603

614,841

618,303

    Gross Profit

85,098

79,875

317,179

334,742

Selling, General & Administrative Expenses

63,224

59,177

231,358

243,287

Restructuring and Asset Impairment Charges

2,339

5,755

19,425

5,755

    Expenses Related to Australia Fire

768

--

1,748

--

    Operating Income

18,767

14,943

64,648

85,700

Interest Expense

5,892

6,353

25,024

26,325

Other Expense, Net

697

563

1,521

465

    Income Before Taxes

12,178

8,027

38,103

58,910

Income Tax Expense

4,786

3,017

15,204

20,640

    Income from Continuing Operations

7,392

5,010

22,899

38,270

Discontinued Operations, Net of Tax

--

(1,096)

(16,956)

451

Net Income

$   7,392

$   3,914

$   5,943

$  38,721






Earnings (Loss) Per Share – Basic





Continuing Operations

$ 0.11

$ 0.08

$ 0.35

$ 0.59

Discontinued Operations

--

(0.02)

(0.26)

0.01

Earnings (Loss) Per Share – Basic

$ 0.11

$0.06

$ 0.09

$ 0.59






Earnings (Loss) Per Share – Diluted





    Continuing Operations

$ 0.11

$ 0.08

$ 0.35

$ 0.58

Discontinued Operations

--

(0.02)

(0.26)

0.01

Earnings (Loss) Per Share – Diluted

$ 0.11

$0.06

$ 0.09

$ 0.59






Common Shares Outstanding – Basic

65,964

65,481

65,767

65,291

Common Shares Outstanding – Diluted

66,119

65,644

65,900

65,486






Orders from Continuing Operations

230,700

220,600

965,200

967,800

 

Consolidated Condensed Balance Sheets




(In thousands)


12/30/12

01/01/12

Assets








Cash


$ 90,533

$ 50,624

Accounts Receivable


137,313

140,800

Inventory


141,176

140,485

Other Current Assets


61,629

30,221

Assets of Businesses Held for Sale


--

60,683

Total Current Assets


430,651

422,813

Property, Plant & Equipment


165,725

177,925

Other Assets


192,991

171,534

Total Assets


$789,367

$772,272





Liabilities




Accounts Payable


$ 56,292

$ 52,226

Accrued Liabilities


97,424

90,693

Liabilities of Businesses Held for Sale


--

8,269

Current Portion of Long-Term Debt


8,110

--

Total Current Liabilities


161,826

151,188

Senior and Senior Subordinated Notes


275,000

294,507

Other Long-Term Liabilities


56,839

45,538

Total Liabilities


493,665

491,233

Shareholders' Equity


295,702

281,039

Total Liabilities and Shareholders' Equity


$ 789,367

$ 772,272

 

Consolidated Condensed Statements of Cash Flows

Twelve Months Ended

(In millions)

12/30/12

01/01/12




Net Income


$ 5.9


$ 38.7

Adjustments for Discontinued Operations


(17.0)


0.5

Net Income from Continuing Operations


$ 22.9


$ 38.2

Depreciation and Amortization


30.0


35.3

Deferred Income Taxes and Other Items


(12.0)


6.2

Change in Working Capital





Accounts Receivable

21.1


(7.5)


Inventories

1.1


(31.6)


Prepaids

(11.9)


1.4


Accounts Payable and Accrued Expenses

(4.3)


(17.6)


Cash Provided from Operating Activities


46.9


24.4

Cash Provided By (Used in) Investing Activities


7.8


(39.6)

Cash Used in Financing Activities


(15.9)


(3.6)

Effect of Exchange Rate Changes on Cash


1.1


0.2

Net Increase (Decrease) in Cash


$39.9


$(18.6)

 


Consolidated Condensed Segment Reporting
(In millions)


Three Months Ended



Twelve Months Ended



12/30/12

01/01/12

% Change


12/30/12

01/01/12

% Change

Operating Income (Loss)








Modular Carpet

$  20.1

$  17.7

13.6%


$ 67.6

$ 94.0

(28.1%)

Corporate Income, Expenses and Eliminations

(1.3)

(2.8)

53.6%


(3.0)

(8.3)

63.9%

Total

$ 18.8

$ 14.9

26.2%


$ 64.6

$ 85.7

(24.6%)

 

Reconciliation of Non-GAAP Performance Measures to GAAP Performance Measures
(In millions, except per share amounts)


Twelve
Months Ended

Twelve
Months Ended


12/30/12

01/01/12

Operating Income, Excluding Restructuring Charges and Expenses Related to Australia Fire

$ 85.8

$ 91.5

Restructuring Charges

(19.4)

(5.8)

Expenses Related to Australia Fire

(1.7)

--

Operating Income, As Reported

$ 64.6

$ 85.7

 


Twelve
Months Ended

Twelve
 Months Ended


12/30/12

01/01/12

Income From Continuing Operations, Excluding Restructuring Charges and Expenses Related to Australia Fire

$ 39.4

$42.3

Restructuring Charges (net of tax of $4.9 million in 2012 and $1.8 million in 2011)

 

(14.5)

 

(4.0)

Expenses Related to Australia Fire (after tax impact of $0.2 million in 2012)

(2.0)

--

Income from Continuing Operations, As Reported

$22.9

$38.3

 



Twelve
Months Ended

Twelve
Months 
Ended


12/30/12

01/01/12

Diluted Earnings Per Share From Continuing Operations, Excluding Restructuring Charges and Expenses Related to Australia Fire

$0.60

$0.65

Restructuring Charges, After Tax

(0.22)

(0.06)

Expenses related to Australia Fire, After Tax

(0.03)

--

Diluted Earnings Per Share From Continuing Operations, As Reported

$0.35

$0.58

 


Three Months
Ended

Three Months
Ended


12/30/12

01/01/12

Income from Continuing Operations, Excluding Restructuring Charge and Expenses Related to Australia Fire

$10.4

$ 9.0

Restructuring Charge (net of tax of $0.6 million in 2012 and $1.8 million in 2011)

(1.7)

(4.0)

Expenses Related to Australia Fire (after tax impact of $0.5  million)

(1.3)

--

Income from Continuing Operations, As Reported

$ 7.4

$ 5.0

 


Three Months
Ended

Three Months
Ended


12/30/12

01/01/12

Diluted Earnings Per Share from Continuing Operations, Excluding Restructuring Charge and Expenses Related to Australia Fire

$0.16

$0.14

Restructuring Charge, After Tax

(0.03)

(0.06)

Expenses Related to Australia Fire, After Tax

(0.02)

--

Diluted Earnings Per Share from Continuing Operations, As Reported

$0.11

$0.08

 


Three Months
Ended

Three Months
Ended


12/30/12

01/01/12

Operating Income, Excluding Restructuring Charge and Expenses Related to Australia Fire 

$21.9

$20.7

Restructuring Charge

(2.3)

(5.8)

Expenses Related to Australia Fire

(0.8)

--

Operating Income, As Reported

$18.8

$14.9

 

The Company believes that the above non-GAAP performance measures, which management uses in managing and evaluating the Company's business, may provide users of the Company's financial information with additional meaningful bases for comparing the Company's current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period.  However, these non‑GAAP performance measures should be viewed in addition to, and not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States.  Tax effects identified above (when applicable) are calculated using the statutory tax rate for the jurisdictions in which the charge or income occurred.

SOURCE Interface, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, 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. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
SYS-CON Events announced today that 910Telecom 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. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices 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 opportuni...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps 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. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.