|By Marketwired .||
|November 6, 2012 07:00 AM EST||
LAKE SUCCESS, NY -- (Marketwire) -- 11/06/12 -- Broadridge Financial Solutions, Inc. (NYSE: BR) today reported financial results for the first quarter of its fiscal year 2013. For the three months ended September 30, 2012, the Company reported revenues of $496 million, GAAP net earnings from continuing operations of $18 million, Non-GAAP net earnings from continuing operations of $22 million, GAAP diluted earnings per share from continuing operations of $0.14, and Non-GAAP diluted earnings per share from continuing operations of $0.18. This compares with revenues of $476 million, GAAP net earnings from continuing operations of $17 million, Non-GAAP net earnings from continuing operations of $23 million, GAAP diluted earnings per share from continuing operations of $0.13, and Non-GAAP diluted earnings per share from continuing operations of $0.18 for the three months ended September 30, 2011.
Our fiscal year 2013 Non-GAAP results exclude the impact of Acquisition Amortization and Other Costs and Penson Worldwide, Inc. ("Penson") Charges, net. In addition, our fiscal year 2012 Non-GAAP results also exclude the impact of IBM Migration costs. The significant Non-GAAP adjustments to our results are described in more detail below.
Commenting on the results, Richard J. Daly, Chief Executive Officer, said, "Overall, I am satisfied with our first quarter results. For the quarter, our recurring revenues grew 3% and recurring revenue closed sales were down approximately 30% compared with last year. There were no recurring revenue closed sales from transactions of greater than $5 million and our recurring revenue closed sales of less than $5 million grew by approximately 8%. Our pipeline for all sales -- large and small -- is strong. Due to the seasonal nature of our business, our first quarter makes the smallest quarterly contribution to our annual results." Mr. Daly concluded, "We expect to achieve our full year guidance as a result of our strong sales pipeline, 99% client revenue retention rate, and overall momentum driven by our leading brand and growing product strength."
Financial Results for First Quarter Fiscal Year 2013
For the first quarter of fiscal year 2013, recurring and total revenues increased 3% and 4% to $311 million and $496 million, respectively, compared to $302 million and $476 million for the comparable period last year. The increase was driven by a positive contribution from recurring fee revenues of approximately $9 million including net new business (defined as closed sales less client losses) and a slight improvement in event-driven fee revenues, coupled with $8 million of higher distribution revenues. GAAP earnings from continuing operations before income taxes margins of 5.8% increased compared to 5.5% for the same period last year. Non-GAAP earnings from continuing operations before income taxes margins were 7.0%, compared to 7.5% for the same period last year.
For the first quarter of fiscal year 2013, GAAP net earnings from continuing operations of $18 million increased 10%, compared to $17 million for the same period last year. Non-GAAP net earnings from continuing operations were $22 million, compared to $23 million for the same period last year. GAAP diluted earnings per share from continuing operations increased to $0.14 per share, compared to $0.13 per share in the first quarter of fiscal year 2012. Non-GAAP diluted earnings per share from continuing operations were $0.18 per share compared to $0.18 per share for the same period last year.
During the first quarter of fiscal year 2013, the Company opportunistically repurchased approximately 3.2 million shares of Broadridge common stock under its stock repurchase plans at an average price of $23.61 per share. Approximately 6.7 million shares remain available under the Company's current stock repurchase plans as of September 30, 2012.
Analysis of First Quarter Fiscal Year 2013
Investor Communication Solutions
Recurring and total revenues for the Investor Communication Solutions segment increased 9% and 8% to $157 million and $339 million, respectively, in the first quarter of fiscal year 2013 compared to the first quarter of fiscal year 2012. Higher recurring and event-driven fee revenues contributed $14 million and $5 million, respectively, coupled with an $8 million increase in distribution revenues. The positive contribution from recurring fee revenues was driven primarily by net new business and internal growth. Operating margin increased by 530 basis points to 8.0% as a result of higher fee and distribution revenues and cost containment efforts.
Securities Processing Solutions
Total revenues (which are all considered recurring) for the Securities Processing Solutions segment decreased 3% to $154 million in the first quarter of fiscal year 2013 compared to the first quarter of fiscal year 2012. The decrease was primarily driven by lower trade volumes coupled with the decline in revenue resulting from the new outsourcing services contract with Apex Clearing Corporation ("Apex") replacing the terminated outsourcing services contract with Penson, mostly offset by growth from net new business and the impact of the Paladyne acquisition. Operating margin decreased by 1150 basis points to 6.1% primarily as a result of revenue mix and an increase in systems investments.
The pre-tax loss from continuing operations for the Other segment decreased by $1 million to $12 million in the first quarter of fiscal year 2013 compared to the first quarter of fiscal year 2012. The decreased loss was primarily due to decreased IBM Migration costs slightly offset by increased interest expense on borrowings.
Fiscal Year 2013 Financial Guidance
We are reaffirming our full year guidance. We anticipate recurring revenue growth in the range of 4% to 7% and total revenue growth in the range of 3% to 4%, GAAP earnings from continuing operations before income taxes margins in the range of 13.8% to 14.4%, and Non-GAAP earnings from continuing operations before income taxes margins in the range of 15.1% to 15.7%.
We anticipate GAAP diluted earnings per share from continuing operations in the range of $1.60 to $1.70, and Non-GAAP diluted earnings per share from continuing operations in the range of $1.76 to $1.86, based on diluted weighted-average shares outstanding of approximately 128 million shares. Our free cash flow guidance is expected to be in the range of approximately $200 million to $250 million. Our recurring revenue closed sales guidance is expected to be in the range of $110 million to $150 million.
Our Non-GAAP earnings guidance excludes the projected impact of Acquisition Amortization and Other Costs and Penson Charges, net. The Non-GAAP pre-tax earnings margins and diluted earnings per share guidance ranges increased from our previously provided guidance as a result of the exclusion of the impact of Acquisition Amortization and Other Costs which was not excluded in the previous guidance. Our guidance does not take into consideration the effect of any future acquisitions, additional debt or share repurchases.
Description of Non-GAAP Adjustments:
In certain circumstances, results have been presented that are not generally accepted accounting principles measures ("Non-GAAP") and should be viewed in addition to, and not as a substitute for, the Company's reported results. Net earnings, diluted earnings per share and pre-tax earnings margins excluding Acquisition Amortization and Other Costs and Penson Charges, net are Non-GAAP measures. These measures are adjusted to exclude costs incurred by the Company in connection with amortization and other charges associated with the Company's acquisitions, and the termination of the Penson outsourcing services agreement, as Broadridge believes this information helps investors understand the effect of these items on reported results and provides a better representation of our actual performance. Free cash flow is a Non-GAAP measure and is defined as cash flow from operating activities, less capital expenditures and purchases of intangibles. Management believes this Non-GAAP measure provides investors with a more complete understanding of Broadridge's underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. Accompanying this release is a reconciliation of Non-GAAP measures to the comparable GAAP measures.
Acquisition Amortization and Other Costs
Acquisition Amortization and Other Costs represents amortization charges associated with intangible asset values as well as other deal costs associated with the Company's acquisitions. Our Non-GAAP results exclude the impact of the costs the Company incurred in connection with acquisitions. The Acquisition Amortization and Other Costs are recorded in our Cost of revenues in the Consolidated Statements of Earnings for the three months ended September 30, 2012 and 2011, respectively.
Penson Charges, net
For the fiscal quarter ended September 30, 2012, there were $1 million in pre-tax charges primarily related to transition costs as a result of the termination of the outsourcing services agreement with Penson including shutdown costs associated with the transfer of our subsidiary to Apex. The Penson Charges are recorded in our Other segment and Other expenses, net in the Consolidated Statements of Earnings for the quarter ended September 30, 2012.
IBM Migration Costs
In March 2010, Broadridge entered into an Information Technology Services Agreement with International Business Machines ("IBM") under which IBM provides us with certain aspects of our information technology infrastructure. Our Non-GAAP results exclude the impact of the costs the Company incurred in connection with the migration of our data center to IBM (the "Migration"). The Migration costs are recorded in our Other segment and Cost of revenues in the Consolidated Statements of Earnings for the three months ended September 30, 2012 and 2011, respectively. The more significant mainframe Migration was successfully completed at the end of our 2012 fiscal year resulting in a pre-tax charge of $25 million. The remaining aspects of the Migration were fully completed on August 26, 2012.
Earnings Conference Call
An analyst conference call will be held today, Tuesday, November 6th at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the webcast and view the slide presentation, go to www.broadridge-ir.com and click on the webcast icon. The presentation will be available to download and print approximately 30 minutes before the webcast on the Broadridge Investor Relations home page at www.broadridge-ir.com. Broadridge's news releases, current financial information, SEC filings and Investor Relations presentations are accessible on the same website.
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $4.5 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com.
This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words like "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be" and other words of similar meaning, are forward-looking statements. In particular, information appearing in the "Fiscal Year 2013 Financial Guidance" section are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2012 (the "2012 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2012 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; Broadridge's reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge's services with favorable pricing terms; changes in laws and regulations affecting the investor communication services provided by Broadridge; declines in participation and activity in the securities markets; overall market and economic conditions and their impact on the securities markets; any material breach of Broadridge security affecting its clients' customer information; the failure of Broadridge's outsourced data center services provider to provide the anticipated levels of service; any significant slowdown or failure of Broadridge's systems or error in the performance of Broadridge's services; Broadridge's failure to keep pace with changes in technology and demands of its clients; Broadridge's ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and competitive conditions. Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
Broadridge Financial Solutions, Inc. Condensed Consolidated Statements of Earnings (In millions, except per share amounts) (Unaudited) Three Months Ended September 30, ------------------- 2012 2011 --------- --------- Revenues $ 495.8 $ 476.4 --------- --------- Cost of revenues 390.0 382.8 Selling, general and administrative expenses 72.9 64.7 Other expenses, net 4.3 2.7 --------- --------- Total expenses 467.2 450.2 --------- --------- Earnings from continuing operations before income taxes 28.6 26.2 Provision for income taxes 10.3 9.5 --------- --------- Net earnings from continuing operations 18.3 16.7 Loss from discontinued operations, net of tax benefit -- -- --------- --------- Net earnings $ 18.3 $ 16.7 --------- --------- Basic earnings per share: Basic earnings per share from continuing operations $ 0.15 $ 0.14 Basic earnings per share from discontinued operations -- -- --------- --------- Basic earnings per share $ 0.15 $ 0.14 --------- --------- Diluted earnings per share: Diluted earnings per share from continuing operations $ 0.14 $ 0.13 Diluted earnings per share from discontinued operations -- -- --------- --------- Diluted earnings per share $ 0.14 $ 0.13 --------- --------- Weighted-average shares outstanding: Basic 124.0 123.7 Diluted 127.1 126.7 Dividends declared per common share $ 0.18 $ 0.16 Broadridge Financial Solutions, Inc. Condensed Consolidated Balance Sheets (In millions, except per share amounts) (Unaudited) September 30, June 30, 2012 2012 ------------- ------------ Assets Current assets: Cash and cash equivalents $ 211.8 $ 320.5 Accounts receivable, net of allowance for doubtful accounts of $6.5 and $6.5, respectively 321.4 370.7 Other current assets 87.7 86.2 ------------- ------------ Total current assets 620.9 777.4 Property, plant and equipment, net 76.3 79.0 Goodwill 781.8 780.0 Intangible assets, net 135.2 143.3 Other non-current assets 216.3 207.9 ------------- ------------ Total assets $ 1,830.5 $ 1,987.6 ------------- ------------ Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 88.9 $ 102.2 Accrued expenses and other current liabilities 174.1 260.6 Deferred revenues 50.6 47.5 ------------- ------------ Total current liabilities 313.6 410.3 Long-term debt 524.4 524.4 Deferred taxes 61.1 63.2 Deferred revenues 36.9 38.3 Other non-current liabilities 105.0 100.9 ------------- ------------ Total liabilities 1,041.0 1,137.1 ------------- ------------ Commitments and contingencies Stockholders' equity: Preferred stock: Authorized, 25.0 shares; issued and outstanding, none -- -- Common stock, $0.01 par value: Authorized, 650.0 shares; issued, 153.4 and 152.9 shares, respectively; outstanding, 122.1 and 124.8 shares, respectively 1.5 1.5 Additional paid-in capital 753.3 739.4 Retained earnings 682.5 686.1 Treasury stock, at cost: 31.3 and 28.1 shares, respectively (656.1) (580.0) Accumulated other comprehensive income 8.3 3.5 ------------- ------------ Total stockholders' equity 789.5 850.5 ------------- ------------ Total liabilities and stockholders' equity $ 1,830.5 $ 1,987.6 ------------- ------------ Broadridge Financial Solutions, Inc. Segment Results (In millions) (Unaudited) Revenues --------------------------------- Three Months Ended September 30, 2012 2011 ---------------- ---------------- Investor Communication Solutions $ 339.5 $ 313.0 Securities Processing Solutions 153.9 158.4 Other -- -- Foreign exchange 2.4 5.0 Total $ 495.8 $ 476.4 Earnings (Loss) from Continuing Operations before Income Taxes ---------------------------------- Three Months Ended September 30, 2012 2011 ---------------- ----------------- Investor Communication Solutions $ 27.2 $ 8.4 Securities Processing Solutions 9.4 27.8 Other (11.9) (12.9) Foreign exchange 3.9 2.9 Total $ 28.6 $ 26.2 Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures (In millions, except per share amounts) Earnings from Continuing Operations before Income Taxes ------------------------ Three Months Ended September 30, 2012 2011 ----------- ----------- Adjusted Earnings from Continuing Operations before Income Taxes (Non-GAAP) $ 34.8 $ 35.7 Acquisition Amortization and Other Costs (5.5) (6.3) Penson Charges, net (0.7) -- IBM Migration costs -- (3.2) Earnings from Continuing Operations before Income Tax (GAAP) $ 28.6 $ 26.2 Pre-tax Earnings Margins (Non-GAAP) 7.0% 7.5% Pre-tax Earnings Margins (GAAP) 5.8% 5.5% Net Earnings from Continuing Operations ------------------------ Three Months Ended September 30, 2012 2011 ----------- ----------- Adjusted Net Earnings from Continuing Operations (Non-GAAP) $ 22.3 $ 22.8 Acquisition Amortization and Other Costs, net of taxes (3.5) (4.1) Penson Charges, net, net of taxes (0.5) -- IBM Migration Costs -- (2.0) Net Earnings from Continuing Operations (GAAP) $ 18.3 $ 16.7 Diluted Earnings Per Share from Continuing Operations ------------------------ Three Months Ended September 30, 2012 2011 ----------- ----------- Adjusted Diluted Earnings Per Share from Continuing Operations (Non-GAAP) $ 0.18 $ 0.18 Acquisition Amortization and Other Costs (0.03) (0.03) Penson Charges, net (0.01) -- IBM Migration costs -- (0.02) Diluted Earnings Per Share from Continuing Operations (GAAP) $ 0.14 $ 0.13 Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures EBIT from Continuing Operations Reconciliation (In millions, except per share amounts) Q1 FY13 FY13 Guidance Range Actual Low High ------- ------- ------- EBIT (Non-GAAP) $ 33 $ 353 $ 377 EBIT Margins (Non-GAAP) 6.6% 14.9% 15.7% Acquisition Amortization and Other Costs 6 22 22 Interest and Other (3) (17) (21) Total EBT (Non-GAAP) 35 358 378 EBT Margins (Non-GAAP) 7.0% 15.1% 15.7% Acquisition Amortization and Other Costs (6) (22) (22) Penson Charges, net (1) (10) (10) Total EBT (GAAP) 29 326 346 Margins (GAAP) 5.8% 13.8% 14.4% NOTE: Amounts in this table may not sum to totals due to rounding. Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures Fiscal Year 2013 Guidance (In millions, except per share amounts) FY13 Guidance Range (a) Low High --------- --------- Adjusted Earnings from Continuing Operations before Income Taxes (Non-GAAP) $ 358 $ 378 Acquisition Amortization and Other Costs (22) (22) Penson Charges, net (10) (10) Earnings from Continuing Operations before Income Taxes (GAAP) $ 326 $ 346 Pre-tax Earnings Margins (Non-GAAP) 15.1% 15.7% Pre-tax Earnings Margins (GAAP) 13.8% 14.4% FY13 Guidance Range (a) Low High --------- --------- Adjusted Diluted EPS from Continuing Operations (Non- GAAP) $ 1.76 $ 1.86 Acquisition Amortization and Other Costs (0.11) (0.11) Penson Charges, net (0.05) (0.05) Diluted EPS from Continuing Operations (GAAP) $ 1.60 $ 1.70 (a) Guidance does not take into consideration the effect of any future acquisitions, additional debt and/or share repurchases. Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures Free Cash Flow (In millions) Q1 FY13 FY13 Guidance Range (a) Actual Low High ------- --------- --------- Net Earnings from Continuing Operations (GAAP) $ 18 $ 205 $ 218 Depreciation and amortization (includes other LT assets) 25 95 105 Stock-based compensation expense 5 31 31 Other (1) (5) 5 Subtotal 47 326 359 Working capital changes (49) (15) (15) Long-term assets & liabilities changes (14) (60) (50) Net cash flow (used in) provided by continuing operating activities (16) 251 294 Cash Flows From Investing Activities Capital expenditures and software purchases (8) (55) (45) Free cash flow (Non-GAAP) $ (24) $ 196 $ 249 (a) Guidance does not take into consideration the effect of any future acquisitions, additional debt and/or share repurchases.
Broadridge Financial Solutions, Inc.
Director, Investor Relations
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
Oct. 9, 2015 12:00 AM EDT Reads: 1,122
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new data-driven world, marketplaces reign supreme while interoperability, APIs and applications deliver un...
Oct. 8, 2015 11:30 PM EDT Reads: 275
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data shows "less than 10 percent of IoT developers are making enough to support a reasonably sized team....
Oct. 8, 2015 11:30 PM EDT Reads: 198
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
Oct. 8, 2015 10:00 PM EDT Reads: 588
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete end-to-end walkthrough of the analysis from start to finish. Participants will also be given the pract...
Oct. 8, 2015 09:15 PM EDT Reads: 282
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Oct. 8, 2015 09:00 PM EDT Reads: 115
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, along with new ways to engage with users.
Oct. 8, 2015 08:15 PM EDT Reads: 158
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at the same time reduce Time to Market (TTM) by using plug and play capabilities offered by a robust IoT ...
Oct. 8, 2015 06:00 PM EDT Reads: 2,163
Mobile messaging has been a popular communication channel for more than 20 years. Finnish engineer Matti Makkonen invented the idea for SMS (Short Message Service) in 1984, making his vision a reality on December 3, 1992 by sending the first message ("Happy Christmas") from a PC to a cell phone. Since then, the technology has evolved immensely, from both a technology standpoint, and in our everyday uses for it. Originally used for person-to-person (P2P) communication, i.e., Sally sends a text message to Betty – mobile messaging now offers tremendous value to businesses for customer and empl...
Oct. 8, 2015 05:30 PM EDT Reads: 232
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT.
Oct. 8, 2015 04:30 PM EDT Reads: 7,471
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Oct. 8, 2015 02:45 PM EDT Reads: 498
Clearly the way forward is to move to cloud be it bare metal, VMs or containers. One aspect of the current public clouds that is slowing this cloud migration is cloud lock-in. Every cloud vendor is trying to make it very difficult to move out once a customer has chosen their cloud. In his session at 17th Cloud Expo, Naveen Nimmu, CEO of Clouber, Inc., will advocate that making the inter-cloud migration as simple as changing airlines would help the entire industry to quickly adopt the cloud without worrying about any lock-in fears. In fact by having standard APIs for IaaS would help PaaS expl...
Oct. 8, 2015 02:30 PM EDT Reads: 652
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Valley. The program, to be aired during the peak viewership season of the year, will have a major impac...
Oct. 8, 2015 01:00 PM EDT Reads: 261
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the cloud and the best price/performance value available. ProfitBricks was named one of the coolest Clo...
Oct. 8, 2015 01:00 PM EDT Reads: 762
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated and cloud solutions through hybrid hosting – a sustainable solution for the data required to manage I...
Oct. 8, 2015 01:00 PM EDT Reads: 476
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Bradley Holt, Developer Advocate at IBM Cloud Data Services, will demonstrate techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk will be on IBM Cloudant, Apa...
Oct. 8, 2015 12:45 PM EDT Reads: 508
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, will look at different existing uses of peer-to-peer data sharing and how it can become useful in a live session to...
Oct. 8, 2015 12:00 PM EDT Reads: 606
As a company adopts a DevOps approach to software development, what are key things that both the Dev and Ops side of the business must keep in mind to ensure effective continuous delivery? In his session at DevOps Summit, Mark Hydar, Head of DevOps, Ericsson TV Platforms, will share best practices and provide helpful tips for Ops teams to adopt an open line of communication with the development side of the house to ensure success between the two sides.
Oct. 8, 2015 12:00 PM EDT Reads: 576
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
Oct. 8, 2015 11:00 AM EDT Reads: 728
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 8, 2015 07:00 AM EDT Reads: 5,870