Welcome!

Microsoft Cloud Authors: Elizabeth White, Mihai Corbuleac, Pat Romanski, David Bermingham, Steven Mandel

News Feed Item

Nova Announces 2012 Fourth Quarter And Full Year Results

REHOVOT, Israel, Feb. 19, 2013 /PRNewswire/ -- Nova Measuring Instruments Ltd. (Nasdaq: NVMI), provider of leading edge stand alone metrology and the market leader of integrated metrology solutions to the semiconductor process control market, today reported its 2012 fourth quarter and full year results.

Highlights for the Fourth Quarter of 2012

  • Quarterly revenues of $22.1 million
  • Gross margin of 50%
  • GAAP Net income of $2.5 million, or $0.09 per diluted share
  • Non-GAAP Net income of $1.0 million, or $0.04 per diluted share

Highlights for the Full Year of 2012

  • Annual revenues of $96.2 million
  • Gross margin of 53%
  • GAAP Net income of $11.8 million, or $0.43 per diluted share
  • Non-GAAP Net income of $14.2 million, or $0.52 per diluted share

Management Comments

"Results for the fourth quarter were at the high end of our revenues guidance range and we were able to capitalize on improving demand late in the quarter," commented Gabi Seligsohn, President and CEO of Nova. "Despite the weakness during most of the second half of the year, we managed to generate positive operating cash flow in 2012. We achieved this even after stepping up our investment in research and development, and we ended the year with over $90 million in cash reserves. Our ability to invest ahead of important technology transitions continues to be an important element of our long-term strategy. Past investment, followed by multiple new products and strong execution, has enabled us to significantly outperform the industry during 2012." 

"With foundry demand returning toward the end of Q4, our bookings increased and we ended the year with a significant improvement in our backlog, providing strong momentum as we enter 2013.  Demand for memory remains weak, but continues to represent future upside potential. As expected, we are benefitting from the need for additional foundry capacity and yield improvements at 28nm, augmented by plans for ramping at the 20nm technology node soon. Process control requirements will continue to increase as process nodes shrink. We believe that optical metrology will continue to account for a higher share of overall capital expenditures, increasing our available market. Continuing our close collaboration with process equipment manufacturers and end customers, we are focused on increasing our footprint within each fab, expanding our customer base, and growing in exciting new market segments such as 3D interconnect technology. Coupled with continued reinvestment in next generation projects, these are the primary elements of our strategy for achieving sustainable long term growth."

Nova will discuss the results for its fiscal year 2012, along with its outlook and guidance for the first quarter of 2013, on a conference call today, February 19, 2013, beginning at 5:00pm ET. A webcast of the call will be available at: http://ir.novameasuring.com.

2012 Fourth Quarter Results

Total revenues for the fourth quarter of 2012 were $22.1 million, an increase of 15% relative to the fourth quarter of 2011, and a decrease of 10% relative to the third quarter of 2012.

Gross margin for the fourth quarter of 2012 was 50%, compared with 55% in the fourth quarter of 2011 and 53% in the third quarter of 2012.

Operating expenses in the fourth quarter of 2012 were $11.4 million, compared with $8.3 million in the fourth quarter of 2011 and $9.9 million in the third quarter of 2012.

On a GAAP basis, the company reported net income of $2.5 million, or $0.09 per diluted share, in the fourth quarter of 2012. This compares to a net income of $5.0 million, or $0.18 per diluted share, in the fourth quarter of 2011, and a net income of $2.9 million, or $0.11 per diluted share, in the third quarter of 2012.

On a Non-GAAP basis, which excludes adjustments related to tax assets, stock based compensation expenses and loss related to equipment and inventory damage, the company reported net income of $1.0 million, or $0.04 per diluted share, in the fourth quarter of 2012. This compares to a net income of $3.0 million, or $0.11 per diluted share, in the fourth quarter of 2011, and a net income of $3.7 million, or $0.14 per diluted share, in the third quarter of 2012.

Total cash reserves at the end of the fourth quarter of 2012 were $91.4 million.

2012 Full Year Results

Total revenues for 2012 were $96.2 million, compared to total revenues of $102.8 million for 2011.

Gross margin in 2012 was 53%, compared to 56% in 2011.

Operating expenses in 2012 were $40.6 million, compared to $33.3 million in 2011.

On a GAAP basis, the company reported net income of $11.8 million in 2012, or $0.43 per diluted share. This compares to a net income of $28.1 million, or $1.04 per diluted share, in 2011.

On a Non-GAAP basis, which excludes adjustments related to tax assets, stock based compensation expenses and loss related to equipment and inventory damage, the company reported net income $14.2 million in 2012, or $0.52 per diluted share. This compares to a net income of $27.1 million, or $1.00 per diluted share, in 2011.

During 2012, the company generated $7.7 million in cash flow from operating activities, as compared to $25.1 million cash flow generated from operating activities in 2011.

Total cash reserves at the end of 2012 were $91.4 million, compared to $87.1 million at the end of 2011.

Conference call details

To attend the conference call today, February 19, 2013, at 5:00pm ET, please dial in the US: 1 877 249 9037; or internationally +972 3 763 0145 or +1 212 444 0481.

To attend the conference call in Hebrew, on February 20, 2013, at 11:00am Israel Time, please dial +972 3 918 0609.

Both of the Nova financial results conference calls will be webcast live from a link on Nova's website at http://ir.novameasuring.com, together with a presentation to accompany the conference calls.

For those unable to participate in the conference calls, there will be replays available from the same links.

About Nova

Nova Measuring Instruments Ltd. develops, produces and markets advanced integrated and stand alone metrology solutions for the semiconductor manufacturing industry. Nova is traded on the NASDAQ & TASE under the symbol NVMI. The Company's website is www.novameasuring.com.

This press release provides financial measures that exclude non-cash charges for stock-based compensation, loss related to equipment and inventory damage as well as adjustments related to tax assets and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding Nova's performance because they reflect our operational results and enhances management's and investors' ability to evaluate Nova's performance before charges or benefits considered by management to be outside Nova's ongoing operating results.

The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management believes that it is in the best interest of its investors to provide financial information that will facilitate comparison of both historical and future results and allows greater transparency to supplemental information used by management in its financial and operational decision making. A reconciliation of each GAAP to non-GAAP financial measure discussed in this press release is contained in the accompanying financial tables.

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products, expected deliveries, transaction, expected revenues, operating results, earnings and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward looking statements. These risks and other factors include but are not limited to:  our dependency on two product lines; the highly cyclical nature of the markets we target; our inability to reduce spending during a slowdown in the semiconductor industry; our ability to respond effectively on a timely basis to rapid technological changes; our dependency on OEM suppliers; cyber security risks; risks related to open source technologies; our ability to retain our competitive position despite the ongoing consolidation in our industry; risks associated with our dependence on a single manufacturing facility; our ability to expand our manufacturing capacity or marketing efforts to support our future growth; our dependency on a small number of large customers and small number of suppliers; our dependency on our key employees; risks related to changes in our order backlog; risks related to the financial, political and environmental instabilities in Asia; risks related to our intellectual property; changes in customer demands for our products; new product offerings from our competitors; changes in or an inability to execute our business strategy; unanticipated manufacturing or supply problems; changes in tax requirements; changes in customer demand for our products; risks related to currency fluctuations; and risks related to our operations in Israel. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Nova's Annual Report on Form 20-F for the year ended December 31, 2011 filed with the Securities and Exchange Commission on March 28, 2012. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Nova Measuring Instruments Ltd. does not assume any obligation to update the forward-looking information contained in this press release.

Company Contact:       

Investor Relations Contacts: 

Dror David, Chief Financial Officer  

Ehud Helft / Kenny Green

Nova Measuring Instruments Ltd.     

CCG Investor Relations

Tel: 972-73-229-5833        

Tel: +1-646-201-9246

E-mail: [email protected]

E-mail: [email protected]

http://www.novameasuring.com            


(Tables to Follow)

NOVA MEASURING INSTRUMENTS LTD.

CONSOLIDATED BALANCE SHEET

(U.S. dollars in thousands)








As of
December 31,


As of
December 31,



2012


2011






CURRENT ASSETS





   Cash and cash equivalents


15,963


18,716

Short-term interest-bearing bank deposits


75,039


66,247

Held to maturity securities


--


1,582

Trade accounts receivable


17,362


13,402

Inventories


17,827


9,608

Deferred income tax assets


1,850


2,500

Other current assets


2,549


1,173



130,590


113,228

LONG-TERM ASSETS





Long-term interest-bearing bank deposits


405


545

Other long-term assets


516


291

Severance pay funds


1,873


2,885



2,794


3,721






FIXED ASSETS, NET


8,660


5,998






TOTAL ASSETS


142,044


122,947






CURRENT LIABILITIES





Trade accounts payable


10,819


8,305

Deferred income


4,775


2,172

Other current liabilities


8,444


8,082



24,038


18,559






LONG-TERM LIABILITIES





Liability for employee severance pay


2,806


3,851

Deferred income


159


611

Other long-term liability


270


20



3,235


4,482






SHAREHOLDERS' EQUITY


114,771


99,906






TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY


142,044


122,947








 


NOVA MEASURING INSTRUMENTS LTD.

QUARTERLY CONSOLIDATED STATEMENTS OF OPERATIONS

 (U.S. dollars in thousands, except per share data)



Three months ended



December 31,
2012

September 30,

2012

December 31,
2011










REVENUES





Products

17,016

19,359

15,273


Services

5,082

5,059

3,919



22,098

24,418

19,192







COST OF REVENUES





Products

7,390

7,999

5,972


Services

3,644

3,483

2,693



11,034

11,482

8,665







GROSS PROFIT

11,064

12,936

10,527







OPERATING EXPENSES





Research and Development expenses, net

7,117

6,003

4,567


Sales and Marketing expenses

3,102

2,967

2,951


General and Administration expenses

1,191

973

746



11,410

9,943

8,264







OPERATING PROFIT (LOSS)

(346)

2,993

2,263







INTEREST INCOME, NET

337

283

207







INCOME (LOSS) BEFORE INCOME TAXES

(9)

3,276

2,470







    INCOME TAX  BENEFIT (EXPENSES)

2,481

(381)

2,500







NET INCOME FOR THE PERIOD

2,472

2,895

4,970

















Earnings per share:





     Basic

0.09

0.11

0.19


     Diluted

0.09

0.11

0.18







Shares used for calculation of earnings per share:





     Basic

26,679

26,646

26,425


     Diluted

27,317

27,485

27,007










 

NOVA MEASURING INSTRUMENTS LTD.

ANNUAL CONSOLIDATED STATEMENTS OF OPERATIONS

(U.S. dollars in thousands, except per share data)




Year ended


December 31, 2012

December 31, 2011



REVENUES



Products

77,212

85,562

Services

18,956

17,266


96,168

102,828




COST OF REVENUES



Products

31,734

33,789

Services

13,280

11,043


45,014

44,832




GROSS PROFIT

51,154

57,996




OPERATING EXPENSES



Research & Development expenses, net

24,594

18,677

Sales & Marketing expenses

11,998

11,373

General & Administration expenses

3,978

3,229


40,570

33,279




OPERATING PROFIT

10,584

24,717




    INTEREST INCOME, NET

 

1,368

901




INCOME BEFORE INCOME TAXES

 

11,952

25,618




    INCOME TAX  BENEFIT (EXPENSES)

(124)

2,500




NET INCOME FOR THE PERIOD

11,828

28,118







Net income per share:



     Basic

0.44

1.07

     Diluted

0.43

1.04







Shares used for calculation of net income per share:



     Basic

26,619

26,232

     Diluted       

27,277

26,931

 


NOVA MEASURING INSTRUMENTS LTD.

QUARTERLY CONSOLIDATED STATEMENTS OF CASH FLOWS

(U.S. dollars in thousands)




Three months ended


December 312012

September 30, 2012

December 312011

CASH FLOW – OPERATING ACTIVITIES








Net income for the period

2,472

2,895

4,970

Adjustments to reconcile net income to net cash

     provided by operating activities:








     Depreciation and amortization

858

771

541

     Loss related to equipment and inventory damage

509

-

-

     Amortization of deferred stock-based compensation

609

489

476

     Increase (decrease) in liability for employee

           termination benefits, net

 

104

 

(80)

 

(60)

     Decrease (increase) in deferred income tax assets, net

(1,806)

349

(2,500)

     Decrease (increase) in trade accounts receivables

(2,461)

2,619

(1,281)

     Decrease (increase) in inventories

143

(3,770)

954

     Decrease (increase) in other current and long term Assets

250

(64)

85

           Increase (decrease) in trade accounts payables and other
                 long-term liabilities

 

(2,392)

 

(5)

 

332

           Increase in other current liabilities

414

485

625

           Increase (decrease) in short and long term
                 deferred income

 

207

 

572

 

(287)





Net cash provided by (used in) operating activities

(1,093)

4,261

3,855





CASH FLOW – INVESTMENT ACTIVITIES








Decrease (increase) in short-term interest-bearing

     bank deposits

 

(18,110)

 

11,100

 

8,044

Decrease in long-term interest-bearing bank deposits

140

-

86

Proceeds from (investments in) short-term held to

     maturity securities

 

1,554

 

(5)

 

(482)

Additions to fixed assets

(1,512)

(896)

(632)

Net cash provided by (used in) investment activities

(17,928)

10,199

7,016





CASH FLOW – FINANCING ACTIVITIES








Shares issued under employee share-based plans

12

104

163

Net cash provided by financing activities

12

104

163





Increase (decrease) in cash and cash equivalents

(19,009)

14,564

11,034

Cash and cash equivalents – beginning of period

34,972

20,408

7,682

Cash and cash equivalents – end of period

15,963

34,972

18,716







 

NOVA MEASURING INSTRUMENTS LTD.

ANNUAL CONSOLIDATED STATEMENTS OF CASH FLOWS

(U.S. dollars in thousands)




Year ended


December 31,
201
2

December 31,
201
1

CASH FLOW – OPERATING ACTIVITIES






Net income for the period

11,828

28,118

Adjustments to reconcile net income to net cash

    provided by operating activities:






     Depreciation and amortization

2,783

1,700

     Loss related to equipment and inventory damage

509

-

     Amortization of deferred stock-based compensation

1,927

1,435

     Increase (decrease) in liability for employee

           termination benefits, net

 

(27)

 

43

     Decrease (increase) in deferred income tax assets, net

694

(2,500)

           Increase in trade accounts receivables

(3,960)

(240)

     Increase in inventories

(10,513)

(1,056)

     Increase in other current and long term assets

(467)

(305)

           Increase (decrease) in trade accounts payables
                
and other long term liabilities

2,510

(1,639)

     Increase in other current liabilities

283

159

     Increase (decrease) in short and long term deferred income

2,151

(614)

Net cash provided by operating activities

7,718

25,101




CASH FLOW – INVESTMENT ACTIVITIES






Increase in short-term interest-bearing bank deposits

(8,792)

(30,685)

Decrease in long-term interest-bearing bank deposits

140

86

Proceeds from (investments in) short-term held to maturity

      securities

 

1,582

 

(1,582)

Additions to fixed assets

(3,660)

(2,307)

Net cash used in investment activities

(10,730)

(34,488)




CASH FLOW – FINANCING ACTIVITIES






Shares issued under employee share-based plans

259

2,709

Net cash provided by financing activities

259

2,709




Decrease in cash and cash equivalents

(2,753)

(6,678)

Cash and cash equivalents – beginning of period

18,716

25,394

Cash and cash equivalents – end of period

15,963

18,716

 

DISCLOSURE OF NON-GAAP NET INCOME

(U.S. dollars in thousands, except per share data)




Three months ended


December 31,

September 30,

December 31,


2012

2012

2011





GAAP Net income for the period

2,472

2,895

4,970





Non-GAAP Adjustments:




Stock based compensation expenses

609

489

476

Adjustments related to tax assets

(2,553)

349

(2,500)

Loss related to equipment and inventory damage

509

-

-





Non-GAAP Net income for the period

1,037

3,733

2,946





Non-GAAP Net income per share:




     Basic

0.04

0.14

0.11

     Diluted

0.04

0.14

0.11





Shares used for calculation of Non-GAAP net income per share:




     Basic

26,679

26,646

26,425

     Diluted

27,317

27,485

27,007






Year ended


December 31,

December 31,


2012

2011




GAAP Net income for the period

11,828

28,118




Non-GAAP Adjustments:



Stock based compensation expenses

1,927

1,435

Adjustments related to tax assets

(53)

(2,500)

Loss related to equipment and inventory damage

509

-




Non-GAAP Net income for the period

14,211

27,053




Non-GAAP Net income per share:



     Basic

0.53

1.03

     Diluted

0.52

1.00




Shares used for calculation of Non-GAAP net income per share:



     Basic

26,619

26,232

     Diluted

27,277

26,931

 

SOURCE Nova Measuring Instruments Ltd.

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
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
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, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
The IoTs 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, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
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, will discuss how leveraging the Industrial Interne...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...