Click here to close now.

Welcome!

Web 2.0 Authors: Klaus Enzenhofer, Trevor Parsons, Dana Gardner, Ian Khan, Plutora Blog

News Feed Item

Belden Reports Solid Results in First Quarter 2014

Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for mission-critical applications, today reported fiscal first quarter 2014 results for the period ended March 30, 2014.

First Quarter 2014 Highlights

  • Achieved adjusted income from continuing operations per diluted share of $0.80;
  • Expanded adjusted gross profit margins to 36.1%, increasing 160 basis points from 34.5% in the year-ago period;
  • Completed the purchase of Grass Valley for $220 million, a leader in innovative solutions within the Broadcast market; and
  • Raised full year guidance for fiscal 2014 adjusted revenues to $2.30 - $2.35 billion and adjusted income from continuing operations per diluted share to $4.05 - $4.35.

First Quarter 2014

On a GAAP basis, revenues for the quarter totaled $487.7 million, down $19.8 million, or 3.9%, compared to $507.5 million in the first quarter 2013. Gross profit margin in the first quarter was 36.0%, increasing 300 basis points from 33.0% in the year-ago period. Operating profit margin in the first quarter was 10.2%, increasing from 8.7% in the year-ago period. Income from continuing operations per diluted share totaled $0.57, compared to $0.49 in the first quarter 2013, a year-over-year increase of 16.3%.

Adjusted revenues for the quarter totaled $488.3 million, down $22.1 million, or 4.3%, compared to $510.4 million in the first quarter 2013. Adjusted gross profit margin in the first quarter was 36.1%, increasing 160 basis points from 34.5% in the year-ago period. Adjusted operating profit margin in the first quarter was 13.1%, consistent with the year-ago period. Adjusted income from continuing operations per diluted share totaled $0.80, compared to $0.84 in the first quarter 2013. A non-GAAP reconciliation table is provided as an appendix to this release.

John Stroup, President and CEO of Belden Inc., said, “Despite a reduction in revenue, due to difficult prior year comparisons and unforeseen adjustments in channel inventory, I’m pleased with gross margin expansion of 160 basis points. I’m especially proud of the results of our Broadcast platform that benefitted from leverage on strong growth.”

Outlook

“We are pleased to have completed the acquisition of Grass Valley, and we have incorporated the expected financial benefits into our Q2 and full year outlook. The benefits of our Lean Enterprise initiative are also included in our updated guidance. Shorter lead times allow our channel partners to operate effectively with reduced inventory levels. Additionally, we’ve identified opportunities to improve our SG&A cost structure, and we intend to execute this plan quickly. This will have a favorable impact to our results in the second half of 2014, continuing through 2015,” said Mr. Stroup.

The Company expects second quarter 2014 adjusted revenues to be $585 – $605 million and adjusted income from continuing operations per diluted share to be $0.95 – $1.05. For the full year ending December 31, 2014, the Company now expects adjusted revenues to be $2.30 – $2.35 billion and adjusted income from continuing operations per diluted share to be $4.05 – $4.35. Previously, the Company expected full year adjusted revenues of $2.11 - $2.15 billion and adjusted income from continuing operations per diluted share of $3.81 - $4.11. These amounts now include the expected results of Grass Valley and benefits of the above mentioned SG&A cost actions.

On a GAAP basis, the Company expects second quarter 2014 revenues to be $579 – $599 million and income (loss) from continuing operations per diluted share to be $(0.03) – $0.07. For the full year ending December 31, 2014, the Company now expects revenues to be $2.28 – $2.33 billion and income from continuing operations per diluted share to be $2.11 – $2.41. Previously, the Company expected full year revenues of $2.10 - $2.14 billion and income from continuing operations per diluted share of $2.95 - $3.25. These amounts now include the expected results of Grass Valley and the related impacts of purchase accounting, such as increased amortization of intangibles, as well as the restructuring costs and benefits resulting from both the Grass Valley integration and SG&A cost actions mentioned above.

Earnings Conference Call

Management will host a conference call today at 10:30 am EDT to discuss results of the quarter and full-year. The listen-only audio of the conference call will be broadcast live via the Internet at http://investor.belden.com. The dial-in number for participants in the U.S. is 888-599-8685; the dial-in number for participants outside the U.S. is 913-312-0403. A replay of this conference call will remain accessible in the investor relations section of the Company’s Web site for a limited time.

 
BELDEN INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME
(Unaudited)
       
Three Months Ended
March 30, 2014 March 31, 2013
(In thousands, except per share amounts)
 
Revenues $ 487,690 $ 507,473
Cost of sales   (311,973 )   (340,120 )
Gross profit 175,717 167,353
Selling, general and administrative expenses (94,848 ) (91,982 )
Research and development (20,571 ) (20,425 )
Amortization of intangibles (11,741 ) (12,977 )
Income from equity method investment   954     2,271  
Operating income 49,511 44,240
Interest expense (18,820 ) (15,905 )
Interest income   150     108  
Income from continuing operations before taxes 30,841 28,443
Income tax expense   (5,685 )   (6,198 )
Income from continuing operations 25,156 22,245
Loss from disposal of discontinued operations, net of tax   (562 )   -  
Net income $ 24,594   $ 22,245  
 
Weighted average number of common shares and equivalents:
Basic 43,514 44,420
Diluted 44,293 45,427
 
Basic income (loss) per share
Continuing operations $ 0.58 $ 0.50
Disposal of discontinued operations   (0.01 )   -  
Net income $ 0.57   $ 0.50  
 
Diluted income (loss) per share
Continuing operations $ 0.57 $ 0.49
Disposal of discontinued operations   (0.01 )   -  
Net income $ 0.56   $ 0.49  
 
Comprehensive income $ 13,281   $ 14,892  
 
Dividends declared per share $ 0.05 $ 0.05
 
 
BELDEN INC.
OPERATING SEGMENT INFORMATION
(Unaudited)
   
Three months ended
March 30, 2014 March 31, 2013
Revenues: (In thousands)
Broadcast Solutions $ 165,868 $ 155,586
Enterprise Connectivity Solutions 108,394 116,627
Industrial Connectivity Solutions 159,318 176,721
Industrial IT Solutions   54,110     58,539  
Consolidated $ 487,690   $ 507,473  
 
Operating income (loss):
Broadcast Solutions $ 10,568 $ (146 )
Enterprise Connectivity Solutions 10,168 8,835
Industrial Connectivity Solutions 20,750 24,449
Industrial IT Solutions   8,147     9,517  
Total segments 49,633 42,655
Eliminations (1,076 ) (686 )
Income from equity method investment   954     2,271  
Consolidated $ 49,511   $ 44,240  
 
     
BELDEN INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
 
March 30, 2014 December 31, 2013
(Unaudited)
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents $ 569,579 $ 613,304
Receivables, net 313,603 304,204
Inventories, net 220,098 207,980
Deferred income taxes 28,667 28,767
Other current assets   47,691     41,243  
 
Total current assets 1,179,638 1,195,498
 
Property, plant and equipment, less accumulated depreciation 300,785 300,835
Goodwill 766,678 773,048
Intangible assets, less accumulated amortization 361,448 376,976
Deferred income taxes 25,095 26,034
Other long-lived assets   80,637     79,362  
 
$ 2,714,281   $ 2,751,753  
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 200,160 $ 199,897
Accrued liabilities 158,318 199,169
Current maturities of long-term debt   2,500     2,500  
 
Total current liabilities 360,978 401,566
 
Long-term debt 1,366,211 1,364,536
Postretirement benefits 103,274 105,924
Other long-term liabilities 33,816 43,186
Stockholders’ equity:
Common stock 503 503
Additional paid-in capital 585,298 585,753
Retained earnings 578,599 556,214
Accumulated other comprehensive loss (40,494 ) (29,181 )
Treasury stock   (273,904 )   (276,748 )
 
Total stockholders’ equity   850,002     836,541  
 
$ 2,714,281   $ 2,751,753  
 
   
BELDEN INC.
CONDENSED CONSOLIDATED CASH FLOW STATEMENTS
(Unaudited)
 
Three Months Ended
March 30, 2014 March 31, 2013
(In thousands)
Cash flows from operating activities:
Net income $ 24,594 $ 22,245
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization 21,238 22,546
Share-based compensation 4,566 3,419
Pension funding less than pension expense 763 798
Loss on sale of businesses 562 -
Provision for inventory obsolescence 63 474
Income from equity method investment (954 ) (2,271 )
Deferred income tax benefit (2,248 ) -
Tax benefit related to share-based compensation (3,264 ) (4,227 )

Changes in operating assets and liabilities, net of the effects of currency exchange rate changes and acquired businesses:

Receivables (6,490 ) (9,785 )
Inventories (13,268 ) (2,723 )
Accounts payable 1,252 5,520
Accrued liabilities (40,748 ) (30,347 )
Accrued taxes (1,374 ) (69,987 )
Other assets (2,417 ) (5,606 )
Other liabilities   (2,690 )   (1,782 )
Net cash used for operating activities (20,415 ) (71,726 )
 
Cash flows from investing activities:
Capital expenditures (10,356 ) (6,437 )
Cash used to acquire businesses, net of cash acquired (4,700 ) (9,475 )
Proceeds (payments) from disposal of businesses (956 ) 3,735
Proceeds from disposal of tangible assets   12     1,077  
Net cash used for investing activities (16,000 ) (11,100 )
 
Cash flows from financing activities:
Proceeds from exercise of stock options, net of withholding tax payments (5,441 ) 1,551
Cash dividends paid (2,172 ) (76 )
Debt issuance costs paid (1,702 ) (6,794 )
Borrowings under credit arrangements - 388,220
Payments under borrowing arrangements - (194,110 )
Payments under share repurchase program - (31,250 )
Tax benefit related to share-based compensation   3,264     4,227  
Net cash provided by (used for) financing activities (6,051 ) 161,768
 
Effect of foreign currency exchange rate changes on cash and cash equivalents   (1,259 )   (4,631 )
 
Increase (decrease) in cash and cash equivalents (43,725 ) 74,311
Cash and cash equivalents, beginning of period   613,304     395,095  
Cash and cash equivalents, end of period $ 569,579   $ 469,406  
 
 
BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)
   
We define free cash flow, which is a non-GAAP financial measure, as net cash provided by operating activities adjusted for capital expenditures net of the proceeds from the disposal of tangible assets and non-recurring tax payments related to divestitures and settlement of a tax sharing agreement. We believe free cash flow provides useful information to investors regarding our ability to generate cash from business operations that is available for acquisitions and other investments, service of debt principal, dividends and share repurchases. We use free cash flow, as defined, as one financial measure to monitor and evaluate performance and liquidity. Non-GAAP financial measures should be considered only in conjunction with financial measures reported according to accounting principles generally accepted in the United States. Our definition of free cash flow may differ from definitions used by other companies.
 
 
 
Three Months Ended Three Months Ended
March 30, 2014 March 31, 2013
(In thousands)
GAAP net cash used for operating activities $ (20,415 ) $ (71,726 )

Capital expenditures, net of proceeds from the disposal of tangible assets

(10,344 ) (5,360 )

Non-recurring tax payments made for gain on 2012 sale of Thermax and Raydex cable business

- 38,453

Non-recurring tax payments made in settlement of tax sharing agreement with Cooper Industries

  -     30,000  
Non-GAAP free cash flow $ (30,759 ) $ (8,633 )
 
 
BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)
   
In addition to reporting financial results in accordance with accounting principles generally accepted in the United States, we provide non-GAAP operating results adjusted for certain items, including: purchase accounting effects related to acquisitions, such as the adjustment of acquired inventory to fair value; revenue and cost of sales deferrals for acquired product lines subject to software revenue recognition accounting requirements; severance and other costs related to productivity improvement programs; amortization of intangible assets; and other costs. We utilize the adjusted results to review our ongoing operations without the effect of these adjustments and for comparison to budgeted operating results. We believe the adjusted results are useful to investors because they help them compare our results to previous periods and provide important insights into underlying trends in the business and how management oversees our business operations on a day-to-day basis. Adjusted results should be considered only in conjunction with results reported according to accounting principles generally accepted in the United States.
 
 
 
Three Months Ended
March 30, 2014 March 31, 2013
(In thousands, except percentages and per share amounts)
 
GAAP revenues $ 487,690 $ 507,473
Deferred revenue adjustments   617     2,916  
Adjusted revenues $ 488,307   $ 510,389  
 
GAAP gross profit $ 175,717 $ 167,353
Deferred gross profit adjustments 450 2,127
Purchase accounting effects related to acquisitions - 6,550
Severance and other costs   (49 )   109  
Adjusted gross profit $ 176,118   $ 176,139  
Adjusted gross profit margin 36.1 % 34.5 %
 
GAAP operating income $ 49,511 $ 44,240
Amortization of intangible assets 11,741 12,977
Severance and other costs 2,295 788
Deferred gross profit adjustments 450 2,127
Purchase accounting effects related to acquisitions   -     6,550  
Total operating income adjustments   14,486     22,442  
Adjusted operating income $ 63,997   $ 66,682  
Adjusted operating income margin 13.1 % 13.1 %
 
GAAP income from continuing operations $ 25,156 $ 22,245
Operating income adjustments from above 14,486 22,442
Tax effect of adjustments   (4,220 )   (6,361 )
Adjusted income from continuing operations $ 35,422   $ 38,326  
 
GAAP income from continuing operations per diluted share $ 0.57 $ 0.49
Adjusted income from continuing operations per diluted share $ 0.80 $ 0.84
 
GAAP and Adjusted diluted weighted average shares 44,293 45,427
 
 
BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)
               
In addition to reporting financial results in accordance with accounting principles generally accepted in the United States, we provide non-GAAP operating results adjusted for certain items, including: purchase accounting effects related to acquisitions, such as the adjustment of acquired inventory to fair value; revenue and cost of sales deferrals for acquired product lines subject to software revenue recognition accounting requirements; severance and other costs related to productivity improvement programs; amortization of intangible assets; and other costs. We utilize the adjusted results to review our ongoing operations without the effect of these adjustments and for comparison to budgeted operating results. We believe the adjusted results are useful to investors because they help them compare our results to previous periods and provide important insights into underlying trends in the business and how management oversees our business operations on a day-to-day basis. Adjusted results should be considered only in conjunction with results reported according to accounting principles generally accepted in the United States.
 
 
 
Three Months Ended March 30, 2014

Broadcast
Solutions

 

Enterprise
Connectivity
Solutions

 

Industrial
Connectivity
Solutions

 

Industrial IT
Solutions

 

Total Segments

  Eliminations  

Income from
equity method
investment

  Consolidated
(In thousands, except percentages)
GAAP revenues $ 165,868 $ 108,394 $ 159,318 $ 54,110 $ 487,690 $ - $ - $ 487,690
Deferred revenue adjustments   617       -       -       -       617       -       -     617  
Adjusted revenues $ 166,485     $ 108,394     $ 159,318     $ 54,110     $ 488,307     $ -     $ -   $ 488,307  
 
GAAP operating income $ 10,568 $ 10,168 $ 20,750 $ 8,147 $ 49,633 $ (1,076 ) $ 954 $ 49,511
Amortization of intangible assets 10,519 168 265 789 11,741 - - 11,741
Severance and other costs 1,753 139 283 120 2,295 - - 2,295
Deferred gross profit adjustments   450       -       -       -       450       -       -     450  
Total operating income adjustments   12,722       307       548       909       14,486       -       -     14,486  
Adjusted operating income $ 23,290     $ 10,475     $ 21,298     $ 9,056     $ 64,119     $ (1,076 )   $ 954   $ 63,997  

Adjusted operating income margin

14.0 % 9.7 % 13.4 % 16.7 % 13.1 % 13.1 %
 
Three Months Ended March 31, 2013

Broadcast
Solutions

 

Enterprise
Connectivity
Solutions

 

Industrial
Connectivity
Solutions

 

Industrial IT
Solutions

  Total Segments   Eliminations  

Income from
equity method
investment

  Consolidated
(In thousands, except percentages)
GAAP revenues $ 155,586 $ 116,627 $ 176,721 $ 58,539 $ 507,473 $ - $ - $ 507,473
Deferred revenue adjustments   2,916       -       -       -       2,916       -       -     2,916  
Adjusted revenues $ 158,502     $ 116,627     $ 176,721     $ 58,539     $ 510,389     $ -     $ -   $ 510,389  
 
GAAP operating income (loss) $ (146 ) $ 8,835 $ 24,449 $ 9,517 $ 42,655 $ (686 ) $ 2,271 $ 44,240
Amortization of intangible assets 11,798 104 280 795 12,977 - - 12,977
Purchase accounting effects related to acquisitions 6,550 - - - 6,550 - - 6,550
Deferred gross profit adjustments 2,127 - - - 2,127 - - 2,127
Severance and other costs   788       -       -       -       788       -       -     788  
Total operating income adjustments   21,263       104       280       795       22,442       -       -     22,442  
Adjusted operating income $ 21,117     $ 8,939     $ 24,729     $ 10,312     $ 65,097     $ (686 )   $ 2,271   $ 66,682  
Adjusted operating income margin 13.3 % 7.7 % 14.0 % 17.6 % 12.8 % 13.1 %
 
 
BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
2014 REVENUE AND EARNINGS GUIDANCE
     
Year Ended Three Months Ended
December 31, 2014 June 29, 2014
Adjusted revenues $2.300 - $2.350 billion $585 - $605 million
Deferred revenue adjustments ($18 million) ($6 million)
GAAP revenues $2.282 - $2.332 billion $579 - $599 million
 
Adjusted income from continuing operations per diluted share $4.05 - $4.35 $0.95 - $1.05
Amortization of intangible assets ($0.86) ($0.24)
Productivity improvement programs ($0.71) ($0.53)
Purchase accounting effects of acquisitions ($0.15) ($0.14)
Deferred gross profit adjustments ($0.22) ($0.07)
GAAP income (loss) from continuing operations per diluted share $2.11 - $2.41 ($0.03) - $0.07
 
 
 
Our guidance for income from continuing operations per diluted share is based upon the extent of information currently available regarding events and conditions that will impact our future operating results for 2014. Our actual income from continuing operations per diluted share may be impacted by other additional events for which information is not available, such as asset impairments, purchase accounting effects related to acquisitions, severance and other restructuring costs, gains (losses) recognized on the disposal of tangible assets, gains (losses) on debt extinguishment, and other gains (losses) related to events or conditions that are not yet known.
 

Use of Non-GAAP Financial Information

Adjusted results are non-GAAP measures that reflect certain adjustments the Company makes to provide insight into operating results. All GAAP to non-GAAP reconciliations accompany the consolidated financial statements included in this release and have been published to the investor relations section of the Company’s Web site at http://investor.belden.com.

Forward Looking Statements

This release contains forward looking statements including our expectations for the second quarter and full-year 2014. Forward looking statements also include any other statements regarding future revenues, costs and expenses, operating income, earnings per share, margins, cash flows, dividends, and capital expenditures. These forward looking statements are based on forecasts and projections about the markets and industries served by the Company and about general economic conditions. They reflect management’s current beliefs and expectations and are not guarantees of future performance. The Company’s actual results may differ materially from these expectations for a number of reasons including: changes in the global economy may impact the Company’s results; turbulence in financial markets may increase the Company’s borrowing costs; the Company relies on key distributors in marketing products; the Company’s ability to execute and realize the expected benefits from strategic initiatives (including revenue growth, cost control, and productivity improvement programs); changes in the level of economic activity in the Company’s major geographic markets; difficulties in realigning manufacturing capacity and capabilities among the Company’s global manufacturing facilities; the competitiveness of the global broadcast, enterprise, and industrial markets; variability in the Company’s quarterly and annual effective tax rates; changes in accounting rules and interpretation of these rules which may affect the Company’s reported earnings; changes in currency exchange rates and political and economic uncertainties in the countries where the Company conducts business; demand for the Company’s products; the cost and availability of materials including copper, plastic compounds derived from fossil fuels, electronic components, and other materials; energy costs; the Company’s ability to achieve acquisition performance expectations and to integrate acquired businesses successfully; the ability of the Company to develop and introduce new products; the Company having to recognize charges that would reduce income as a result of impairing goodwill and other intangible assets; security risks and the potential for business interruption from operating in volatile countries; disruptions or failures of the Company’s (or the Company’s suppliers or customers) systems or operations in the event of a major earthquake, weather event, cyber-attack, terrorist attack, or other catastrophic event that could cause delays in completing sales, providing services, or performing other mission-critical functions; and other factors. For a more complete discussion of risk factors, please see our Annual Report on Form 10-K for the year ended December 31, 2013, filed with the SEC on February 27, 2014. Belden disclaims any duty to update any forward looking statements as a result of new information, future developments, or otherwise, except as required by law.

About Belden

St. Louis−based Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today's applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia. For more information, visit us at www.belden.com or follow us on Twitter @BeldenInc.

BDC-E

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Cloud data governance was previously an avoided function when cloud deployments were relatively small. With the rapid adoption in public cloud – both rogue and sanctioned, it’s not uncommon to find regulated data dumped into public cloud and unprotected. This is why enterprises and cloud providers alike need to embrace a cloud data governance function and map policies, processes and technology controls accordingly. In her session at 15th Cloud Expo, Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems, will focus on how to set up a cloud data governance program and s...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been involved at the beginning of four IT industries: EDA, Open Systems, Computer Security and now SOA.
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
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...
Every innovation or invention was originally a daydream. You like to imagine a “what-if” scenario. And with all the attention being paid to the so-called Internet of Things (IoT) you don’t have to stretch the imagination too much to see how this may impact commercial and homeowners insurance. We’re beyond the point of accepting this as a leap of faith. The groundwork is laid. Now it’s just a matter of time. We can thank the inventors of smart thermostats for developing a practical business application that everyone can relate to. Gone are the salad days of smart home apps, the early chalkb...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, representing a model of how to analyze rea...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
SYS-CON Events announced today that Vitria Technology, Inc. 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. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, 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. 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.
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
Even as cloud and managed services grow increasingly central to business strategy and performance, challenges remain. The biggest sticking point for companies seeking to capitalize on the cloud is data security. Keeping data safe is an issue in any computing environment, and it has been a focus since the earliest days of the cloud revolution. Understandably so: a lot can go wrong when you allow valuable information to live outside the firewall. Recent revelations about government snooping, along with a steady stream of well-publicized data breaches, only add to the uncertainty
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add scalable realtime functionality with minimal effort and cost.”
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
CommVault has announced that top industry technology visionaries have joined its leadership team. The addition of leaders from companies such as Oracle, SAP, Microsoft, Cisco, PwC and EMC signals the continuation of CommVault Next, the company's business transformation for sales, go-to-market strategies, pricing and packaging and technology innovation. The company also announced that it had realigned its structure to create business units to more directly match how customers evaluate, deploy, operate, and purchase technology.
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...