Click here to close now.

Welcome!

.NET Authors: Carmen Gonzalez, Elizabeth White, Liz McMillan, Greg O'Connor, Jason Bloomberg

News Feed Item

Nova Announces 2014 Second Quarter Results

REHOVOT, Israel, July 30, 2014 /PRNewswire/ -- Nova Measuring Instruments (Nasdaq: NVMI), a leading innovator and a key provider of optical metrology solutions for advanced process control used in semiconductor manufacturing, today reported 2014 second quarter results.

Business Highlights:

  • Continued delivery to the most advanced nodes for 20/16/14nm product lines
  • Successful V2600 Through-Silicon-Via evaluation yielded first order from a leading Logic and Memory customer in Asia
  • Expanding presence with new integrated metrology wins
  • Multiple evaluations and orders for 10nm R&D lines
  • Multiple evaluations at memory customers for V-NAND applications
  • Software products gaining traction with orders for both Hybrid Metrology and Fleet Management solutions

Financial Highlights:

  • Quarterly revenues of $32.8 million, up 17% from $28.1 million a year ago
  • Revenue for the six months ended June 30, 2014 of $67.5 million, up 21% from $55.5 million in the same period a year ago
  • Quarterly gross margin of 54%, compared with 55% a year ago
  • Quarterly net income of $5.7 million, up 103% from $2.8 million a year ago
  • Net income for the six months ended June 30, 2014 of $12.1 million, up 133% from $5.2 million in the same period a year ago
  • Total cash reserves of $114.1 million as of June 30, 2014, and no debt
  • Initiated previously-announced $12 million share repurchase program

 

GAAP Results ($K)


Q2 2014

Q1 2014

Q2 2013

Revenues

$32,785

$34,660

$28,124

Net Income

$5,694

$6,398

$2,803

Earnings per Diluted Share

$0.20

$0.23

$0.10

NON-GAAP Results ($K)


Q2 2014

Q1 2014

Q2 2013

Net Income

$6,108

$6,929

$3,779

Earnings per Diluted Share

$0.22

$0.25

$0.14

A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements that are part of this release. Non-GAAP results exclude adjustments of deferred tax assets, stock based compensation expenses, income from insurance claim and loss related to equipment and inventory damage.

Management Comments

"We posted solid results for the quarter with strong net income at the high end of our guidance, delivering on an efficient operating model that maximizes our ongoing investments and guarantees our future growth. In fact, our net income for the first six months of 2014 exceeded our net income for the entire year of 2013", commented Eitan Oppenhaim, President and CEO of Nova. "During the quarter, we continued to strengthen our position in the market segments we are serving, despite the challenging conditions that our customers are facing. We are well positioned to capitalize on their expansions as they move to the next technology nodes."

"The use of Optical Metrology is expanding rapidly as the semiconductor industry continues its technology transition to advanced 3D structures such as V-NAND and FinFET, further broadening the opportunity available to us. We are currently being evaluated in multiple projects with our broad portfolio of products, including our next generation Optical CD tools.  We expect these initiatives, along with new technology directions that we are pursuing, to have a substantial impact on our future performance."

Second Quarter 2014 Results

Total revenues for the second quarter of 2014 were $32.8 million, an increase of 17% relative to the second quarter of 2013, and a decrease of 5% relative to the first quarter of 2014.

Gross margin for the second quarter of 2014 was 54%, compared with 55% in the second quarter of 2013 and 51% in the first quarter of 2014.

Operating expenses in the second quarter of 2014 were $12.0 million, same as in the second quarter of 2013 and compared with $11.4 million in the first quarter of 2014.

On a GAAP basis, the company reported net income of $5.7 million, or $0.20 per diluted share, in the second quarter of 2014. This compares to a net income of $2.8 million, or $0.10 per diluted share, in the second quarter of 2013, and a net income of $6.4 million, or $0.23 per diluted share, in the first quarter of 2014.

On a Non-GAAP basis, which excludes deferred income tax expenses, stock based compensation expenses, income from insurance claim and loss related to equipment and inventory damage, the company reported net income of $6.1 million, or $0.22 per diluted share, in the second quarter of 2014. This compares to a net income of $3.8 million, or $0.14 per diluted share, in the second quarter of 2013, and a net income of $6.9 million, or $0.25 per diluted share, in the first quarter of 2014.

Conference Call Information

Nova will host a conference call on Wednesday, July 30, 2014 at 8:30 a.m. Eastern Time, to discuss the second quarter results and future outlook, along with its guidance for the third quarter of 2014.

To attend the conference call, please dial one of the following teleconferencing numbers. Please begin by placing your calls 5 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

U.S. Dial-in Number:  1-866-290-0920
ISRAEL Dial-in Number:  1809-24-6064
INTERNATIONAL Dial-in Number:  1-913-312-0422

At:

8:30 a.m. Eastern Time
5:30 a.m. Pacific Time
3:30 p.m. Israeli Time

The conference call will also be webcast live from a link on Nova's website at http://ir.novameasuring.com. For those unable to participate in the conference call, there will be a replay available from a link on Nova's website at http://ir.novameasuring.com.

About Nova: Nova Measuring Instrument Ltd. delivers continuous innovation by providing advanced optical metrology solutions for the semiconductor manufacturing industry. Deployed with the world's largest integrated-circuit manufacturers, Nova's products deliver state-of-the-art, high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova's product portfolio, which combines high-precision hardware and cutting-edge software, supports the development and production of the most advanced devices in today's high-end semiconductor market. Nova's technical innovation and market leadership enable customers to improve process performance, enhance products' yields and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices around the world. Additional information may be found at www.novameasuring.com.

Nova is traded on the NASDAQ & TASE under the symbol NVMI.

This press release provides financial measures that exclude non-cash charges for stock-based compensation expenses, deferred income taxes expenses, income from insurance claim and loss related to equipment and inventory damage 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; our dependency on a small number of large customers and small number of suppliers; 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 PEM; risks related to exclusivity obligations and non-limited liability that may be included in our commercial agreements and arrangements; our ability to retain our competitive position despite the ongoing consolidation in our industry; risks related to our dependence on a single manufacturing facility; risks related to the extremely competitive market we are operation in;  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; new product offerings from our competitors; 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, 2013 filed with the Securities and Exchange Commission on February 28, 2014. 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

Hayden/ MS-IR LLC







Nova Measuring Instruments Ltd.

Miri Segal







Tel: +972-73-229-5833

Tel: +917-607-8654







E-mail: [email protected]

E-mail: [email protected]







www.novameasuring.com

Or








David Fore








Tel: +206-395-2711








E-mail: [email protected]
















(Tables to Follow)

 


NOVA MEASURING INSTRUMENTS LTD.
CONSOLIDATED BALANCE SHEET
(U.S. dollars in thousands)



As of
June 30,


As of
December 31,



2014


2013






CURRENT ASSETS





Cash and cash equivalents


19,899


17,542

Short-term interest-bearing bank deposits


91,536


79,552

Available for sale securities


1,873


1,845

Trade accounts receivable


26,104


27,947

Inventories


18,790


18,118

Deferred income tax assets


186


137

Other current assets


3,996


3,922



162,384


149,063

LONG-TERM ASSETS





Long-term interest-bearing bank deposits


750


750

Other long-term assets


208


230

Severance pay funds


1,773


1,852



2,731


2,832






FIXED ASSETS, NET


10,261


10,382






TOTAL ASSETS


175,376


162,277






CURRENT LIABILITIES





Trade accounts payable


12,095


15,599

Deferred income


5,670


3,420

Other current liabilities


11,839


11,448



29,604


30,467






LONG-TERM LIABILITIES





Liability for employee severance pay


2,776


2,798

Deferred income


421


341

Other long-term liability


6


7



3,203


3,146






SHAREHOLDERS' EQUITY


142,569


128,664






TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY


175,376


162,277

 

NOVA MEASURING INSTRUMENTS LTD.
QUARTERLY CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except per share data)








Three months ended


June 30,
2014


March 31,
2014


June 30,
 2013













REVENUES






Products

26,015


28,776


22,419

Services

6,770


5,884


5,705


32,785


34,660


28,124







COST OF REVENUES






Products

11,050


12,797


9,342

Services

4,139


4,140


3,449


15,189


16,937


12,791







GROSS PROFIT

17,596


17,723


15,333







OPERATING EXPENSES






Research and Development expenses, net

7,152


6,901


7,567

Sales and Marketing expenses

3,505


3,406


2,968

General and Administration expenses

1,316


1,064


1,472


11,973


11,371


12,007







OPERATING PROFIT

5,623


6,352


3,326







INTEREST INCOME, NET

202


175


246







INCOME BEFORE INCOME TAXES

5,825


6,527


3,572







    INCOME TAX EXPENSES

131


129


769







NET INCOME FOR THE PERIOD

5,694


6,398


2,803



















Earnings per share:






       Basic

0.21


0.23


0.10

       Diluted

0.20


0.23


0.10







Shares used for calculation of earnings per share:






       Basic

27,592


27,432


27,121

       Diluted

28,138


27,890


27,419

 


NOVA MEASURING INSTRUMENTS LTD.
YEAR TO DATE CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except per share data)






Six months ended


June 30, 2014


June 30, 2013





REVENUES




Product

54,791


44,760

Services

12,654


10,789


67,445


55,549





COST OF REVENUES




Product sales

23,847


18,421

Services

8,279


7,029


32,126


25,450





GROSS PROFIT

35,319


30,099





OPERATING EXPENSES




Research and Development expenses, net

14,053


15,066

Sales and Marketing expenses

6,911


6,192

General and Administration expenses

2,380


2,591


23,344


23,849





OPERATING PROFIT

11,975


6,250





    INTEREST INCOME, NET

377


376





INCOME BEFORE INCOME TAXES

12,352


6,626





    INCOME TAX  EXPENSES

260


1,428





NET INCOME FOR THE PERIOD

12,092


5,198









Net income per share:




       Basic

0.44


0.19

       Diluted

0.43


0.19









Shares used for calculation of net income per share:




       Basic   

27,512


26,988

       Diluted 

27,983


27,278

 

NOVA MEASURING INSTRUMENTS LTD.
QUARTERLY CONSOLIDATED STATEMENTS OF CASH FLOWS
(U.S. dollars in thousands)



Three months ended


June 30,
2014


March 31,
2014


June 30,
2013







CASH FLOW – OPERATING ACTIVITIES












   Net income for the period

5,694


6,398


2,803

 

   Adjustments to reconcile net income to net cash

      provided by operating activities:












      Depreciation and amortization

972


902


846

      Loss related to inventory damage

-


-


148

      Amortization of deferred stock-based compensation

472


522


624

      Increase (decrease)  in liability for employee

         termination benefits, net

 

74


 

(26)


 

66

      Deferred income taxes

(58)


9


713

      Decrease (increase) in trade accounts receivables

(3,898)


5,741


(712)

      Decrease(increase) in inventories

688


(1,360)


583

      Decrease (increase)  in other current and long term 

         assets

257


(717)


841

      Decrease in trade accounts payables

         and other long-term liabilities

 

(2,456)


 

(1,049)


 

(147)

      Increase (decrease) in other current liabilities

(787)


1,233


(504)

      Increase (decrease) in short and long term

         deferred income

1,247


1,083


(1,793)

   Net cash provided by operating activities

2,205


12,736


3,468







CASH FLOW – INVESTMENT ACTIVITIES












   Increase in short-term interest-bearing bank deposits

(1,943)


(10,041)


(6,317)

   Investment in short-term available for sale securities

(19)


1


-

   Proceeds from insurance claim

-


-


219

   Additions to fixed assets

(1,228)


(525)


(1,042)

   Net cash used in investment activities

(3,190)


(10,565)


(7,140)







CASH FLOW – FINANCING ACTIVITIES












   Purchases of treasury shares

(1,103)


-


-

   Shares issued under employee share-based plans

961


1,313


599

   Net cash provided by (used in) financing activities

(142)


1,313


599







   Increase (decrease) in cash and cash equivalents

(1,127)


3,484


(3,073)

   Cash and cash equivalents – beginning of period

21,026


17,542


20,872

   Cash and cash equivalents – end of period

19,899


21,026


17,799

 

NOVA MEASURING INSTRUMENTS LTD.
YEAR TO DATE CONSOLIDATED STATEMENTS OF CASH FLOWS
(U.S. dollars in thousands)



Six months ended


June 30, 2014


June 30, 2013

CASH FLOW – OPERATING ACTIVITIES








     Net income for the period

12,092


5,198





     Adjustments to reconcile net income to net cash 
         
provided by operating activities:








         Depreciation and amortization

1,874


1,670

         Loss related to equipment and inventory damage

-


148

         Amortization of deferred stock-based compensation

994


1,209

         Increase in liability for employee termination benefits, net

48


55

         Deferred income taxes

(49)


1,322

         Decrease (increase) in trade accounts receivables

1,843


(2,355)

         Decrease (increase) in inventories

(672)


23

         Decrease (increase) in other current and long term assets

(460)


121

         Decrease in trade accounts payables and
             other long term liabilities

(3,505)


(222)

         Increase in other current liabilities

446


840

         Increase (decrease) in short and long term deferred income

2,330


(1,732)

     Net cash provided by operating activities

14,941


6,277





CASH FLOW – INVESTMENT ACTIVITIES








     Increase in short-term interest-bearing bank deposits

(11,984)


(4,332)

     Investment in short-term available for sale securities

(18)


-

     Proceeds from insurance claim

-


219

     Additions to fixed assets

(1,753)


(1,384)

     Net cash used in investment activities

(13,755)


(5,497)





CASH FLOW – FINANCING ACTIVITIES








     Purchases of treasury shares

(1,103)


-

     Shares issued under employee share-based plans

2,274


1,056

     Net cash provided by financing activities

1,171


1,056





     Increase in cash and cash equivalents

2,357


1,836

     Cash and cash equivalents – beginning of period

17,542


15,963

     Cash and cash equivalents – end of period

19,899


17,799

 

DISCLOSURE OF NON-GAAP NET INCOME

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



Three months ended


June 30,


March 31,


June 30,


2014


2014


2013







GAAP Net income for the period

5,694


6,398


2,803







Non-GAAP Adjustments:






Stock based compensation expenses

472


522


624

Deferred Income taxes expenses (income)

(58)


9


713

Income from insurance claim

-


-


(509)

Loss related to equipment and inventory damage

-


-


148







Non-GAAP Net income for the period

6,108


6,929


3,779







Non-GAAP Net income per share:






       Basic

0.22


0.25


0.14

       Diluted

0.22


0.25


0.14







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






       Basic

27,592


27,432


27,121

       Diluted

28,138


27,890


27,419
















Six months ended




June 30,


June 30,




2014


2013







GAAP Net income for the period



12,092


5,198







Non-GAAP Adjustments:






Stock based compensation expenses



994


1,209

Deferred income taxes expenses (income)



(49)


1,322

Income from insurance claim



-


(509)

Loss related to equipment and inventory damage



-


148







Non-GAAP Net income for the period



13,037


7,368







Non-GAAP Net income per share:






       Basic



0.47


0.27

       Diluted



0.47


0.27







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






       Basic



27,512


26,988

       Diluted



27,983


27,278

 

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
Chuck Piluso will present a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Speaker Bio: Prior to Data Storage Corporation (DSC), Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Telecommunications Corporation, a facilities-based international carrier licensed by t...
There are lots of challenges in IoT around secure, scalable and business friendly infrastructure for enterprises. For large corporations, IoT implementations are one of the top priorities of the decade. All industries are seeing a competitive need to sustain by investing in IoT initiatives. The value addition comes from improved customer service, innovative product and additional revenue streams. The data from these IP-connected devices can be leveraged for a variety of business applications as well as responsive action controls. The various architectural building blocks of an IoT ...
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is an up-and-coming standard that enables real-time voice and video to be directly embedded into browsers making the browser a primary user interface for communications and collaboration. WebRTC runs in a number of browsers today and is currently supported in over a billion installed browsers globally, across a range of platform OS and devices. Today, organizations that choose to deploy WebRTC applications and use a host machine that supports audio through USB or Bluetooth can use Plantronics products to connect and transit or receive the audio associated with the WebRTC session.
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provides a high level technical overview of many cloud services available to mobile app developers, includi...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will meet your customers' needs of tomorrow - today! Ciqada. Let your products take flight. For more inform...
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable older adults to live independent lives while staying connected to loved ones. M2M will continue to gr...
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) application providers dating back to 2004. Cybozu's kintone.com is a leading global BYOA (Build Your O...
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications Unified Communications Suite gives CSPs the capability to do just that. In addition, its integration ...
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!
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of Cloud and Mobile Strategy at GENBAND, will explore what is needed to take a real time communications ...
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquired by Aditi Technologies. He is a Microsoft Regional Director for Hyderabad, India, and one of the f...
In 2015, 4.9 billion connected "things" will be in use. By 2020, Gartner forecasts this amount to be 25 billion, a 410 percent increase in just five years. How will businesses handle this rapid growth of data? Hadoop will continue to improve its technology to meet business demands, by enabling businesses to access/analyze data in real time, when and where they need it. Cloudera's Chief Technologist, Eli Collins, will discuss how Big Data is keeping up with today's data demands and how in the future, data and analytics will be pervasive, embedded into every workflow, application and infra...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, will provide some practical insights on what, how and why when implementing "software-defined" in the datacenter.
How is unified communications transforming the way businesses operate? In his session at WebRTC Summit, Arvind Rangarajan, Director of Product Marketing at BroadSoft, will discuss how to extend unified communications experience outside the enterprise through WebRTC. He will also review use cases across different industry verticals. Arvind Rangarajan is Director, Product Marketing at BroadSoft. He has over 19 years of experience in the telecommunications industry in various roles such as Software Development, Product Management and Product Marketing, applied across Wireless, Unified Communic...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and easy to use. MangoApps has been named a "Market Leader" by Ovum Research and a "Cool Vendor" by Gartner...
SYS-CON Media announced today that @ThingsExpo Blog launched with 7,788 original stories. @ThingsExpo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @ThingsExpo Blog can be bookmarked. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE