Welcome!

Virtualization Authors: Carmen Gonzalez, Mike Kavis, Anne Buff, Andrew Phillips, Elizabeth White

News Feed Item

NVIDIA Reports Financial Results for Third Quarter Fiscal Year 2013

NVIDIA Initiates Dividend; Extends Share-Repurchase Authorization

SANTA CLARA, CA -- (Marketwire) -- 11/08/12 -- NVIDIA (NASDAQ: NVDA)

  • Record revenue of $1.20 billion.
  • GAAP net income was $209.1 million, or $0.33 per diluted share. Non-GAAP net income was $245.5 million, or $0.39 per diluted share.
  • GAAP gross margin was a record 52.9 percent. Non-GAAP gross margin was a record 53.1 percent.
  • NVIDIA initiated quarterly dividend of 7.5 cents a share.

NVIDIA (NASDAQ: NVDA) today reported record revenue of $1.20 billion for the third quarter of fiscal 2013 ended Oct. 28, 2012, up 15.3 percent from the previous quarter and up 12.9 percent from a year earlier.

The company also announced that it is initiating the payment of a quarterly cash dividend, and extending its existing $2.7 billion share-repurchase program, initiated in August 2004, through December 2014.

"Investments in our new growth strategies paid off this quarter in record revenues and margins," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market."

He continued: "We are pleased to start paying our shareholders a quarterly cash dividend. We have confidence in our businesses and our continued ability to grow. Given our strong financial position and ongoing ability to generate cash, we are well positioned to continue investing in our future."




----------------------------------------------------------------------------
                     GAAP Quarterly Financial Comparison
----------------------------------------------------------------------------
 (in millions except per
        share data)        Q3 FY13  Q2 FY13  Q3 FY12     Q/Q         Y/Y
----------------------------------------------------------------------------
Revenue                   $1,204.1 $1,044.3 $1,066.2    up 15.3%    up 12.9%
----------------------------------------------------------------------------
Gross margin                 52.9%    51.8%    52.2%  up 1.1 p.p  up 0.7 p.p
----------------------------------------------------------------------------
Operating expenses          $384.4   $401.1   $359.6   down 4.2%     up 6.9%
----------------------------------------------------------------------------
Net income                  $209.1   $119.0   $178.3    up 75.6%    up 17.3%
----------------------------------------------------------------------------
Earnings per share           $0.33    $0.19    $0.29    up 73.7%    up 13.8%
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                  Non-GAAP Quarterly Financial Comparison*
----------------------------------------------------------------------------
 (in millions except per
        share data)        Q3 FY13  Q2 FY13  Q3 FY12     Q/Q         Y/Y
----------------------------------------------------------------------------
Revenue                   $1,204.1 $1,044.3 $1,066.2    up 15.3%    up 12.9%
----------------------------------------------------------------------------
Gross margin                 53.1%    52.0%    52.5%  up 1.1 p.p  up 0.6 p.p
----------------------------------------------------------------------------
Operating expenses          $344.8   $342.5   $317.6     up 0.7%     up 8.6%
----------------------------------------------------------------------------
Net income                  $245.5   $170.4   $217.0    up 44.0%    up 13.1%
----------------------------------------------------------------------------
Earnings per share           $0.39    $0.27    $0.35    up 44.4%    up 11.4%
----------------------------------------------------------------------------

*Non-GAAP earnings excluded stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, a contribution expense in the second quarter of fiscal 2013, and the tax impact associated with such items.

Outlook

Our outlook for the fourth quarter of fiscal 2013 is as follows:

  • Revenue is expected to be between $1.025 billion and $1.175 billion.

  • GAAP and non-GAAP gross margins are expected to be flat relative to the prior quarter, 52.9 percent and 53.1 percent, respectively.

  • GAAP operating expenses are expected to be approximately $400 million; non-GAAP operating expenses are expected to be approximately $359 million.

  • GAAP and non-GAAP tax rates are expected to be approximately 20 percent and 19 percent, respectively, plus or minus one percentage point. This estimate excludes any discrete tax events that may occur during the quarter, which, if realized, may increase or decrease our actual fourth quarter GAAP and non-GAAP tax rates. If the U.S. research tax credit is reinstated into tax law, we estimate our annual effective tax rate for the fiscal year 2013 to be approximately 16 percent.

Depreciation and amortization for the fourth quarter is estimated to be approximately $58 million to $60 million. Capital expenditures are expected to be in the range of $60 million to $70 million.

Diluted shares for the fourth quarter are expected to be approximately 629 million.

Dividend and Share-Repurchase Program

The quarterly dividend of 7.5 cents per share, 30 cents on an annual basis, is equivalent to a yield of about 2.4 percent, based on the Nov. 7 closing price of $12.61. It will be payable on Dec. 14, 2012 to all shareholders of record on Nov. 23, 2012.

Since NVIDIA initiated its repurchase program in August 2004, NVIDIA has spent $1.46 billion to repurchase 90.9 million shares of its common stock. NVIDIA is authorized, subject to certain specifications, to spend up to an additional $1.24 billion repurchasing shares of its common stock.

Any future repurchases would be made in the open market, in privately negotiated transactions or in structured share-repurchase programs, and may be made from time to time or in one or more larger repurchases. The program will be conducted in compliance with the Securities and Exchange Commission's Rule 10b-18 and applicable legal requirements and shall be subject to market conditions and other factors. The repurchases would be funded from available working capital.

Cash, cash equivalents and marketable securities at the end of the third quarter of fiscal 2013 were $3.43 billion.

Third Quarter Fiscal 2013 and Recent Highlights:

  • Microsoft launched its NVIDIA Tegra® 3-based Surface RT to critical acclaim.

  • NVIDIA's new energy-efficient Kepler™ GPU architecture continued to make excellent headway:

    • Kepler-based gaming was extended to new, lower price points with the launch of the GeForce® 660 Ti, GeForce GTX 660, GeForce GTX 650 Ti and GeForce GTX 650.
    • Kepler made further inroads in supercomputing, as Oak Ridge National Laboratory announced that it had completed Titan, the world's fastest open-science supercomputer. Titan gets 90 percent of its processing power from 18,688 NVIDIA Tesla® GPUs.
    • Kepler moved further into Apple's lineup, with the NVIDIA Quadro® K5000 for Mac Pro users.
    • NVIDIA launched the VGX™ K2 GPU, also based on the Kepler GPU, for cloud-based workstation graphics.

CFO Commentary
Commentary on the quarter by Karen Burns, NVIDIA interim chief financial officer, is available at www.nvidia.com/ir.

Conference Call and Webcast Information
NVIDIA will conduct a conference call with analysts and investors to discuss its third quarter fiscal 2013 financial results and current financial prospects today at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). To listen to the call, please dial (706) 679-2572. A live webcast (listen-only mode) of the conference call will be accessible at the NVIDIA investor relations web site www.nvidia.com/ir and at www.streetevents.com. The webcast will be recorded and available for replay until the company's conference call to discuss its financial results for its fourth quarter fiscal 2013.

Non-GAAP Measures
To supplement NVIDIA's Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income tax expense, non-GAAP net income, non-GAAP net income, or earnings, per share, and free cash flows. In order for NVIDIA's investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, a non-recurring contribution expense, and the associated tax impact of these items, where applicable. Free cash flow is calculated as GAAP net cash provided by operating activities less purchases of property and equipment and intangible assets. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user's overall understanding of the company's historical financial performance. The presentation of the company's non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company's financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.

About NVIDIA
NVIDIA (NASDAQ: NVDA) awakened the world to computer graphics when it invented the GPU in 1999. Today, its processors power a broad range of products from smart phones to supercomputers. NVIDIA's mobile processors are used in cell phones, tablets and auto infotainment systems. PC gamers rely on GPUs to enjoy spectacularly immersive worlds. Professionals use them to create visual effects in movies and design everything from golf clubs to jumbo jets. And researchers utilize GPUs to advance the frontiers of science with high-performance computing. The company holds more than 5,000 patents issued, allowed or filed. For more information, see www.nvidia.com.

Certain statements in this press release including, but not limited to, statements as to: investments in our new growth strategies; Kepler GPUs winning across the special-purpose PC markets we serve; Tegra powering innovative tables, phones and cars in the market; the initiation and ongoing maintenance of a cash dividend program; the extension of our existing share-repurchase program; our continued growth; the strength of our business and financial position; our ongoing ability to generate cash; the company's financial outlook for the fourth quarter of fiscal 2013; and the company's tax rate for the fourth quarter and fiscal year 2013 are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission, or SEC, including its Form 10-Q for the fiscal period ended July 29, 2012. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. The share repurchase program does not obligate NVIDIA to acquire any particular amount of common stock and the program may be modified or suspended at any time at the company's discretion.

© 2012 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, Tegra, Kepler, Quadro, GeForce, VGX and Tesla are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.




                             NVIDIA CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                    (In thousands, except per share data)
                                 (Unaudited)


                                Three Months Ended      Nine Months Ended
                             ----------------------- -----------------------
                             October 28, October 30, October 28, October 30,
                                 2012        2011        2012        2011
                             ----------- ----------- ----------- -----------

Revenue                      $ 1,204,110 $ 1,066,180 $ 3,173,257 $ 3,044,736
Cost of revenue                  567,452     509,463   1,532,516   1,478,232
                             ----------- ----------- ----------- -----------
Gross profit                     636,658     556,717   1,640,741   1,566,504
Operating expenses
  Research and development       284,180     256,498     849,275     735,743
  Sales, general and
   administrative                100,261     103,129     326,800     304,779
                             ----------- ----------- ----------- -----------
    Total operating expenses     384,441     359,627   1,176,075   1,040,522
                             ----------- ----------- ----------- -----------
Operating income                 252,217     197,090     464,666     525,982
Interest and other income,
 net                               1,411       7,697      11,265      12,837
                             ----------- ----------- ----------- -----------
Income before income tax
 expense                         253,628     204,787     475,931     538,819
Income tax expense                44,548      26,514      87,368      73,754
                             ----------- ----------- ----------- -----------
Net income                   $   209,080 $   178,273 $   388,563 $   465,065
                             =========== =========== =========== ===========

Basic net income per share   $      0.34 $      0.29 $      0.63 $      0.77
                             =========== =========== =========== ===========
Diluted net income per share $      0.33 $      0.29 $      0.62 $      0.76
                             =========== =========== =========== ===========

Shares used in basic per
 share computation               622,352     607,063     619,043     600,563
Shares used in diluted per
 share computation               628,845     613,560     625,973     614,688



                             NVIDIA CORPORATION
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                               (In thousands)
                                 (Unaudited)


                                                     October 28, January 29,
                                                         2012        2012
                                                     ----------- -----------
ASSETS

Current assets:
  Cash, cash equivalents and marketable securities   $ 3,434,772 $ 3,129,576
  Accounts receivable, net                               444,944     336,143
  Inventories                                            428,983     340,297
  Prepaid expenses and other current assets              116,128      99,342
                                                     ----------- -----------
    Total current assets                               4,424,827   3,905,358

Property and equipment, net                              566,540     560,072
Goodwill                                                 641,030     641,030
Intangible assets, net                                   331,248     326,136
Other assets                                             111,499     120,332
                                                     ----------- -----------
    Total assets                                     $ 6,075,144 $ 5,552,928
                                                     =========== ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable                                   $   390,265 $   335,072
  Accrued liabilities and other current liabilities      601,094     594,886
                                                     ----------- -----------
    Total current liabilities                            991,359     929,958

Other long-term liabilities                              341,312     455,807
Capital lease obligations, long term                      19,627      21,439
Stockholders' equity                                   4,722,846   4,145,724
                                                     ----------- -----------
    Total liabilities and stockholders' equity       $ 6,075,144 $ 5,552,928
                                                     =========== ===========



                             NVIDIA CORPORATION
           RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
                   (In thousands, except per share data)
                                (Unaudited)

                         Three Months Ended            Nine Months Ended
                 ---------------------------------- -----------------------
                 October 28,  July 29,  October 30, October 28, October 30,
                     2012       2012        2011        2012        2011
                 ----------- ---------- ----------- ----------- -----------

GAAP gross
 profit          $   636,658 $  540,719 $   556,717 $ 1,640,741 $ 1,566,504
 GAAP gross
  margin                52.9%      51.8%       52.2%       51.7%       51.4%

   Stock-based
    compensation
    expense
    included in
    cost of
    revenue (A)        2,489      2,649       3,049       7,664       8,274
                 ----------- ---------- ----------- ----------- -----------
Non-GAAP gross
 profit          $   639,147 $  543,368 $   559,766 $ 1,648,405 $ 1,574,778
                 =========== ========== =========== =========== ===========
 Non-GAAP gross
  margin                53.1%      52.0%       52.5%       51.9%       51.7%

GAAP operating
 expenses        $   384,441 $  401,096 $   359,627 $ 1,176,075 $ 1,040,522
   Stock-based
    compensation
    expense
    included in
    operating
    expense (A)      (30,580)   (29,606)    (30,180)    (93,229)    (92,644)
   Amortization
    of
    acquisition-
    related
    intangible
    assets            (4,402)    (4,065)     (5,399)    (12,809)    (12,149)
   Other
    acquisition-
    related
    costs (B)         (4,666)    (4,794)     (6,413)    (14,631)    (15,230)
   Contribution
    expense (C)            -    (20,127)          -     (20,127)          -
                 ----------- ---------- ----------- ----------- -----------
Non-GAAP
 operating
 expenses        $   344,793 $  342,504 $   317,635 $ 1,035,279 $   920,499
                 =========== ========== =========== =========== ===========

GAAP net income  $   209,080 $  119,046 $   178,273 $   388,563 $   465,065
   Total pre-tax
    impact of
    non-GAAP
    adjustments       42,137     61,241      45,041     148,460     128,297
   Income tax
    impact of
    non-GAAP
    adjustments       (5,755)    (9,839)     (6,302)    (23,583)    (17,092)
                 ----------- ---------- ----------- ----------- -----------
Non-GAAP net
 income          $   245,462 $  170,448 $   217,012 $   513,440 $   576,270
                 =========== ========== =========== =========== ===========

Diluted net
 income per
 share
   GAAP          $      0.33 $     0.19 $      0.29 $      0.62 $      0.76
                 =========== ========== =========== =========== ===========
   Non-GAAP      $      0.39 $     0.27 $      0.35 $      0.82 $      0.94
                 =========== ========== =========== =========== ===========

Shares used in
 diluted net
 income per
 share
 computation         628,845    623,143     613,560     625,973     614,688

Metrics:
   GAAP net cash
    flow
    provided by
    operating
    activities   $   181,485 $  200,886 $   244,417 $   373,163 $   498,638
   Purchase of
    property and
    equipment
    and
    intangible
    assets           (44,684)   (61,944)    (39,035)   (135,551)    (93,553)
                 ----------- ---------- ----------- ----------- -----------
   Free cash
    flow         $   136,801 $  138,942 $   205,382 $   237,612 $   405,085
                 =========== ========== =========== =========== ===========



----------------------------------------------------------------------------

(A) Excludes
stock-based
compensation as
follows:                 Three Months Ended            Nine Months Ended
                 ---------------------------------- -----------------------
                 October 28,  July 29,  October 30, October 28, October 30,
                     2012       2012        2011        2012        2011
                 ----------- ---------- ----------- ----------- -----------
   Cost of
    revenue      $     2,489 $    2,649 $     3,049 $     7,664 $     8,274
   Research and
    development  $    20,056 $   18,885 $    19,308 $    60,148 $    59,594
   Sales,
    general and
    administra-
    tive         $    10,524 $   10,721 $    10,872 $    33,081 $    33,050

(B) Other acquisition-related costs are comprised of transaction costs,
compensation charges and restructuring costs related to the acquisition of
Icera, Inc. that was completed on June 10, 2011.

(C) Net present value of a $25 million chartitable contribution pledged on
June 12, 2012 to Stanford Hospital and Clinic, payable over a ten year
period.

----------------------------------------------------------------------------



                             NVIDIA CORPORATION
                 RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK

                                                          Q4 FY2013 Outlook
                                                          -----------------

GAAP gross margin                                                      52.9%
  Impact of stock-based compensation (A)                                0.2%
                                                          -----------------
Non-GAAP gross margin                                                  53.1%
                                                          =================


                                                          Q4 FY2013 Outlook
                                                          -----------------
                                                            (In millions)

GAAP operating expenses                                   $           400.0
  Stock-based compensation expense included in operating
   expense                                                            (32.0)
  Amortization of acquisition-related intangible assets                (4.0)
  Other acquisition-related costs (B)                                  (5.0)

                                                          -----------------
Non-GAAP operating expenses                               $           359.0
                                                          =================

----------------------------------------------------------------------------
(A) Represents $2.7 million of stock-based compensation expense included in
cost of revenue.
(B) Other acquisition related costs are comprised primarily of compensation
charges related to the acquisition of Icera, Inc. that was completed on June
10, 2011.
----------------------------------------------------------------------------

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US and large in-house IT organizations.
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
SYS-CON Events announces a new pavilion on the Cloud Expo floor where WebRTC converges with the Internet of Things. Pavilion will showcase WebRTC and the Internet of Things. 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. All major researchers estimate there will be tens of billions devices--computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at Internet of @ThingsExpo, Andrew Bolwell, Director of Innovation for HP’s Printing and Personal Systems Group, will discuss how key attributes of mobile technology – touch input, senso...
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., will show what is needed to leverage the IoT to transform your business. He will discuss opportunities and challenges ahead for the IoT from a market and tec...
SYS-CON Events announced today that TeleStax, the main sponsor of Mobicents, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TeleStax provides Open Source Communications software and services that facilitate the shift from legacy SS7 based IN networks to IP based LTE and IMS networks hosted on private (on-premise), hybrid or public clouds. TeleStax products include Restcomm, JSLEE, SMSC Gateway, USSD Gateway, SS7 Resource Adaptors, SIP Servlets, Rich Multimedia Services, Presence Services/RCS, Diame...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
As a disruptive technology, Web Real-Time Communication (WebRTC), which is an emerging standard of web communications, is redefining how brands and consumers communicate in real time. The on-going narrative around WebRTC has largely been around incorporating video, audio and chat functions to apps. In his session at Internet of @ThingsExpo, Alex Gouaillard, Founder and CTO of Temasys Communications, will look at a fourth element – data channels – and talk about its potential to move WebRTC beyond browsers and into the Internet of Things.
SYS-CON Events announced today that Gigaom Research has been named "Media Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Ashar Baig, Research Director, Cloud, at Gigaom Research, will also lead a Power Panel on the topic "Choosing the Right Cloud Option." Gigaom Research provides timely, in-depth analysis of emerging technologies for individual and corporate subscribers. Gigaom Research's network of 200+ independent analysts provides new content daily that bridges the gap between break...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.