|By Business Wire||
|June 5, 2014 07:00 AM EDT||
Ciena® Corporation (NYSE: CIEN), the network specialist, today announced unaudited financial results for its fiscal second quarter ended April 30, 2014.
For the fiscal second quarter 2014, Ciena reported revenue of $560.0 million as compared to $507.7 million for the fiscal second quarter 2013.
On the basis of generally accepted accounting principles (GAAP), Ciena's net loss for the fiscal second quarter 2014 was $(10.2) million, or $(0.10) per common share, which compares to a GAAP net loss of $(27.1) million, or $(0.27) per common share, for the fiscal second quarter 2013.
Ciena's adjusted (non-GAAP) net income for the fiscal second quarter 2014 was $19.4 million, or $0.17 per diluted common share, which compares to an adjusted (non-GAAP) net income of $2.2 million, or $0.02 per diluted common share, for the fiscal second quarter 2013.
“As a direct result of our expanding role and reach in the industry, we delivered strong financial results in both our second quarter and first half of fiscal 2014, including continued revenue growth and increased operating leverage,” said Gary B. Smith, president and CEO, Ciena. “As the shift continues toward on-demand networking models and as we continue to diversify our business, we expect to deliver steadily improving financial performance, including performance in the second half of the year that is stronger than the first half.”
Fiscal Second Quarter 2014 Performance Summary
The tables below (in millions, except percentage data) provide comparisons of certain quarterly results to prior periods, including sequential quarter and year-over-year changes. A reconciliation between the GAAP and adjusted (non-GAAP) measures contained in this release is included in Appendix A.
|FY 2014||FY 2014||FY 2013||Q-T-Q*||Y-T-Y*|
|FY 2014||FY 2014||FY 2013||Q-T-Q*||Y-T-Y*|
|Adj. gross margin||43.1||%||43.4||%||42.5||%||(0.3||)%||0.6||%|
|Adj. operating expense||$||206.3||$||199.8||$||197.4||3.3||%||4.5||%|
|Adj. operating margin||6.2||%||5.9||%||3.7||%||0.3||%||2.5||%|
|Revenue by Segment|
|Q2 FY 2014||Q1 FY 2014||Q2 FY 2013|
|Converged Packet Optical||$||356.8||63.7||$||333.4||62.5||$||294.3||57.9|
|Software and Services||107.1||19.1||108.5||20.3||101.8||20.1|
Denotes % change, or in the case of margin, absolute change
Additional Performance Metrics for Fiscal Second Quarter 2014
- Non-U.S. customers contributed 42% of total revenue
- One customer accounted for greater than 10% of revenue and represented 21.5% of total revenue
- Cash and investments totaled $430.2 million
- Cash flow from operations totaled $2.0 million
- Average days' sales outstanding (DSOs) were 83
- Accounts receivable balance was $515.0 million
Inventories totaled $294.0 million, including:
- Raw materials: $56.7 million
- Work in process: $7.9 million
- Finished goods: $181.0 million
- Deferred cost of sales: $95.9 million
- Reserve for excess and obsolescence: $(47.5) million
- Product inventory turns were 3.5
- Headcount totaled 4,998
Business Outlook for Fiscal Third Quarter 2014
Statements relating to business outlook are forward-looking in nature and actual results may differ materially. These statements should be read in the context of the Notes to Investors below.
Ciena expects fiscal third quarter 2014 financial performance to include:
- Revenue in the range of $585 to $615 million
- Adjusted (non-GAAP) gross margin in the low to mid 40s percent range
- Adjusted (non-GAAP) operating expense to be approximately $210 million range
Live Web Broadcast of Unaudited Fiscal Second Quarter 2014 Results
Ciena will host a discussion of its unaudited fiscal second quarter 2014 results with investors and financial analysts today, Thursday, June 5, 2014 at 8:30 a.m. (Eastern). The live broadcast of the discussion will be available via Ciena's homepage at www.ciena.com. An archived transcript of the discussion will be available shortly following the conclusion of the live broadcast on the Investor Relations page of Ciena's website at www.ciena.com/investors.
To accompany its live broadcast, Ciena has posted to the Investor Relations page of its website at www.ciena.com/investors a presentation that includes certain highlighted information to be discussed on the call and certain historical results of operations.
Notes to Investors
Forward-looking statements. This press release contains certain forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, forecasts, assumptions and other information available to the Company as of the date hereof. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Forward-looking statements in this release include Ciena's "Business Outlook for Fiscal Third Quarter of 2014" as well as: "Diversifying business drives continued growth and differentiated performance"; “As a direct result of our expanding role and reach in the industry, we delivered strong financial results in both our second quarter and first half of fiscal 2014, including continued revenue growth and increased operating leverage.”; “As the shift continues toward on-demand networking models and as we continue to diversify our business, we expect to deliver steadily improving financial performance, including performance in the second half of the year that is stronger than the first half.”
Ciena's actual results, performance or events may differ materially from these forward-looking statements made or implied due a number of risks and uncertainties relating to Ciena's business, including: the effect of broader economic and market conditions on our customers and their business; changes in network spending or network strategy by large communication service providers; seasonality and the timing and size of customer orders, including our ability to recognize revenue relating to such sales; the level of competitive pressure we encounter; the product, customer and geographic mix of sales within the period; supply chain disruptions and the level of success relating to efforts to optimize Ciena's operations; changes in foreign currency exchange rates affecting revenue and operating expense; and the other risk factors disclosed in Ciena's Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on March 7, 2014. Ciena assumes no obligation to update any forward-looking information included in this press release.
Non-GAAP Presentation of Quarterly Results. This release includes non-GAAP measures of Ciena's gross profit, operating expense, income (loss) from operations, net income (loss) and net income (loss) per share. In evaluating the operating performance of Ciena's business, management excludes certain charges and credits that are required by GAAP. These items share one or more of the following characteristics: they are unusual and Ciena does not expect them to recur in the ordinary course of its business; they do not involve the expenditure of cash; they are unrelated to the ongoing operation of the business in the ordinary course; or their magnitude and timing is largely outside of Ciena's control. Management believes that the non-GAAP measures below provide management and investors useful information and meaningful insight to the operating performance of the business. The presentation of these non-GAAP financial measures should be considered in addition to Ciena's GAAP results and these measures are not intended to be a substitute for the financial information prepared and presented in accordance with GAAP. Ciena's non-GAAP measures and the related adjustments may differ from non-GAAP measures used by other companies and should only be used to evaluate Ciena's results of operations in conjunction with our corresponding GAAP results. To the extent not previously disclosed in a prior Ciena financial results press release, Appendix A to this press release sets forth a complete GAAP to non-GAAP reconciliation of the non-GAAP measures contained in this release.
About Ciena. Ciena (NYSE: CIEN) is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. Ciena leverages its deep expertise in packet and optical networking and distributed software automation to deliver solutions in alignment with its OPn architecture for next-generation networks. We enable a high-scale, programmable infrastructure that can be controlled and adapted by network-level applications, and provide open interfaces to coordinate computing, storage and network resources in a unified, virtualized environment. For updates on Ciena news, follow us on Twitter @Ciena or on LinkedIn at http://www.linkedin.com/company/ciena. Investors are encouraged to review the Investors section of our website at www.ciena.com/investors, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use.
|CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS|
|(in thousands, except per share data)|
|Quarter Ended April 30,||Six Months Ended April 30,|
|Cost of goods sold:|
|Total cost of goods sold||298,199||322,370||555,497||630,222|
|Research and development||100,787||103,492||189,912||204,989|
|Selling and marketing||74,475||83,662||141,063||162,010|
|General and administrative||30,883||31,882||59,091||61,979|
|Amortization of intangible assets||12,439||11,493||24,892||23,932|
|Total operating expenses||220,093||230,529||421,497||453,025|
|Income (loss) from operations||(10,580||)||7,162||(16,189||)||10,517|
|Interest and other income (loss), net||(2,716||)||(1,905||)||(2,853||)||(7,903||)|
|Loss on extinguishment of debt||—||—||(28,630||)||—|
|Loss before income taxes||(24,688||)||(5,763||)||(69,796||)||(19,434||)|
|Provision for income taxes||2,391||4,395||4,607||6,660|
|Basic net loss per common share||$||(0.27||)||$||(0.10||)||$||(0.73||)||$||(0.25||)|
|Diluted net loss per potential common share||$||(0.27||)||$||(0.10||)||$||(0.73||)||$||(0.25||)|
|Weighted average basic common shares outstanding||101,913||105,451||101,560||104,977|
|Weighted average dilutive potential common shares outstanding||101,913||105,451||101,560||104,977|
|CONDENSED CONSOLIDATED BALANCE SHEETS|
|(in thousands, except share data)|
|October 31,||April 30,|
|Cash and cash equivalents||$||346,487||$||325,083|
|Accounts receivable, net||488,578||514,973|
|Prepaid expenses and other||186,655||207,279|
|Total current assets||1,395,802||1,431,336|
|Equipment, furniture and fixtures, net||119,729||119,876|
|Other intangible assets, net||185,828||155,117|
|Other long-term assets||86,380||74,093|
|LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)|
|Convertible notes payable||—||187,647|
|Total current liabilities||615,055||790,054|
|Long-term deferred revenue||23,620||23,820|
|Other long-term obligations||34,753||35,789|
|Long-term convertible notes payable||1,212,019||1,026,641|
|Commitments and contingencies|
|Stockholders’ equity (deficit):|
|Preferred stock – par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding||—||—|
|Common stock – par value $0.01; 290,000,000 shares authorized; 103,705,709 and 105,584,958 shares issued and outstanding||1,037||1,056|
|Additional paid-in capital||5,893,880||5,926,276|
|Accumulated other comprehensive loss||(7,774||)||(12,258||)|
|Total stockholders’ equity (deficit)||(82,677||)||(80,840||)|
|Total liabilities and stockholders’ equity (deficit)||$||1,802,770||$||1,795,464|
|CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS|
|Six Months Ended April 30,|
|Cash flows used in operating activities:|
|Adjustments to reconcile net loss to net cash used in operating activities:|
|Loss on extinguishment of debt||28,630||—|
|Depreciation of equipment, furniture and fixtures, and amortization of leasehold improvements||28,857||27,143|
|Share-based compensation costs||18,147||23,443|
|Amortization of intangible assets||35,661||30,712|
|Provision for inventory excess and obsolescence||9,027||12,972|
|Provision for warranty||11,060||12,424|
|Changes in assets and liabilities:|
|Prepaid expenses and other||(33,969||)||(19,054||)|
|Accounts payable, accruals and other obligations||24,805||(51,631||)|
|Net cash used in operating activities||(869||)||(35,167||)|
|Cash flows provided by (used in) investing activities:|
|Payments for equipment, furniture, fixtures and intellectual property||(21,496||)||(26,485||)|
|Purchase of available for sale securities||(99,914||)||(95,033||)|
|Proceeds from maturities of available for sale securities||50,000||130,000|
|Settlement of foreign currency forward contracts, net||—||(4,029||)|
|Net cash provided by (used in) investing activities||(69,731||)||6,365|
|Cash flows from financing activities:|
|Payment of long term debt||(216,210||)||—|
|Payment for debt and equity issuance costs||(3,661||)||—|
|Payment of capital lease obligations||(1,427||)||(1,520||)|
|Proceeds from issuance of common stock||5,955||8,970|
|Net cash provided by (used in) financing activities||(215,343||)||7,450|
|Effect of exchange rate changes on cash and cash equivalents||(3||)||(52||)|
|Net decrease in cash and cash equivalents||(285,943||)||(21,352||)|
|Cash and cash equivalents at beginning of period||642,444||346,487|
|Cash and cash equivalents at end of period||$||356,498||$||325,083|
|Supplemental disclosure of cash flow information|
|Cash paid during the period for interest||$||15,720||$||17,047|
|Cash paid during the period for income taxes, net||$||5,136||$||7,221|
|Non-cash investing and financing activities|
|Purchase of equipment in accounts payable||$||3,006||$||4,799|
|Fixed assets acquired under capital leases||$||1,286||$||—|
|APPENDIX A - Reconciliation of Adjusted (Non- GAAP) Quarterly Measurements|
|Gross Profit Reconciliation|
|GAAP gross profit||$||209,513||$||237,691|
|Amortization of intangible assets||5,384||2,328|
|Total adjustments related to gross profit||6,505||3,637|
|Adjusted (non-GAAP) gross profit||$||216,018||$||241,328|
|Adjusted (non-GAAP) gross profit percentage||42.5||%||43.1||%|
|Operating Expense Reconciliation|
|GAAP operating expense||$||220,093||$||230,529|
|Share-based compensation-research and development||2,204||2,782|
|Share-based compensation-sales and marketing||3,382||4,246|
|Share-based compensation-general and administrative||3,144||3,661|
|Amortization of intangible assets||12,439||11,493|
|Settlement of patent litigation||—||2,000|
|Total adjustments related to operating expense||22,678||24,182|
|Adjusted (non-GAAP) operating expense||$||197,415||$||206,347|
|Income (Loss) from Operations Reconciliation|
|GAAP income (loss) from operations||$||(10,580||)||$||7,162|
|Total adjustments related to gross profit||6,505||3,637|
|Total adjustments related to operating expense||22,678||24,182|
|Adjusted (non-GAAP) income from operations||$||18,603||34,981|
|Adjusted (non-GAAP) operating margin percentage||3.7||%||6.2||%|
|Net Income (Loss) Reconciliation|
|GAAP net loss||$||(27,079||)||$||(10,158||)|
|Total adjustments related to gross profit||6,505||3,637|
|Total adjustments related to operating expense||22,678||24,182|
|Non-cash interest expense||247||302|
|Change in fair value of embedded redemption feature||(120||)||1,460|
|Adjusted (non-GAAP) net income||$||2,231||$||19,423|
|Weighted average basic common shares outstanding||101,913||105,451|
|Weighted average dilutive potential common shares outstanding 1||103,165||120,628|
|Net Income (Loss) per Common Share|
|GAAP diluted net loss per common share||$||(0.27||)||$||(0.10||)|
|Adjusted (non-GAAP) diluted net income per common share 2||$||0.02||$||0.17|
|1.||Weighted average dilutive potential common shares outstanding used in calculating Adjusted (non-GAAP) diluted net income per common share for the second quarter of fiscal 2013 includes 1.3 million shares underlying certain stock options and restricted stock units.|
|Weighted average dilutive potential common shares outstanding used in calculating Adjusted (non-GAAP) diluted net income per common share for the second quarter of fiscal 2014 includes 2.1 million shares underlying certain stock options and restricted stock units, and 13.1 million shares underlying Ciena's 0.875% convertible senior notes, due June 15, 2017.|
|2.||The calculation of Adjusted (non-GAAP) diluted net income per common share for the second quarter of fiscal 2014 requires adding back interest expense of approximately $1.4 million associated with Ciena's 0.875% convertible senior notes, due June 15, 2017 to the Adjusted (non-GAAP) net income in order to derive the numerator for the Adjusted earnings per common share calculation.|
The adjusted (non-GAAP) measures above and their reconciliation to Ciena's GAAP results for the periods presented reflect adjustments relating to the following items:
- Share-based compensation expense - a non-cash expense incurred in accordance with share-based compensation accounting guidance.
- Amortization of intangible assets - a non-cash expense arising from the acquisition of intangible assets, principally developed technologies and customer-related intangibles, that Ciena is required to amortize over its expected useful life.
- Restructuring costs - costs incurred as a result of restructuring activities taken to align resources with perceived market opportunities.
- Settlement of patent litigation - included in general and administrative expense during the second quarter of fiscal 2014 is a $2.0 million patent litigation settlement.
- Non-cash interest expense - a non-cash debt discount expense amortized as interest expense during the term of Ciena's 4.0% senior convertible notes due December 15, 2020 relating to the required separate accounting of the equity component of these convertible notes.
- Change in fair value of embedded redemption feature - a non-cash unrealized gain or loss reflective of a mark to market fair value adjustment of an embedded derivative related to the redemption feature of Ciena's outstanding 4.0% senior convertible notes due March 15, 2015.
"We have seen the evolution of WebRTC right from the starting point to what it has become today, that people are using in real applications," noted Dr. Natasha Tamaskar, Vice President and Head of Cloud and Mobile Strategy and Ecosystem at GENBAND, in this SYS-CON.tv interview at WebRTC Summit, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 7, 2015 10:15 PM EDT Reads: 1,232
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Communication) is an open source project supported by Google, Mozilla and Opera that aims to enable bro...
Jul. 7, 2015 08:00 PM EDT Reads: 993
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Jul. 7, 2015 07:00 PM EDT Reads: 2,640
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 ...
Jul. 7, 2015 07:00 PM EDT Reads: 2,670
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
Jul. 7, 2015 05:00 PM EDT Reads: 2,330
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...
Jul. 7, 2015 05:00 PM EDT Reads: 2,293
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
Jul. 7, 2015 04:00 PM EDT Reads: 1,999
"In the IoT space we are helping customers, mostly enterprises and industry verticals where time-to-value is critical, and we help them with the ability to do faster insights and actions using our platform so they can transform their business operations," explained Venkat Eswara, VP of Marketing at Vitria, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 7, 2015 03:45 PM EDT Reads: 1,013
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
Jul. 7, 2015 03:30 PM EDT Reads: 2,010
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
Jul. 7, 2015 03:30 PM EDT Reads: 1,860
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare to be blown away with a glimpse of the future.
Jul. 7, 2015 02:15 PM EDT Reads: 2,209
Connected things, systems and people can provide information to other things, systems and people and initiate actions for each other that result in new service possibilities. By taking a look at the impact of Internet of Things when it transitions to a highly connected services marketplace we can understand how connecting the right “things” and leveraging the right partners can provide enormous impact to your business’ growth and success. In her general session at @ThingsExpo, Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, discussed how this exciting emergence of layers of...
Jul. 7, 2015 12:45 PM EDT Reads: 1,850
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
Jul. 7, 2015 12:30 PM EDT Reads: 2,090
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Among the proven benefits, DevOps is corr...
Jul. 7, 2015 12:15 PM EDT Reads: 2,104
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
Jul. 7, 2015 12:00 PM EDT Reads: 1,822
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Jul. 7, 2015 12:00 PM EDT Reads: 2,046
SYS-CON Events announced today that kintone has been named “Bronze Sponsor” of 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. kintone promotes cloud-based workgroup productivity, transparency and profitability with a seamless collaboration space, build your own business application (BYOA) platform, and workflow automation system.
Jul. 7, 2015 12:00 PM EDT Reads: 2,292
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fillin...
Jul. 7, 2015 11:45 AM EDT Reads: 2,851
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
Jul. 7, 2015 11:30 AM EDT Reads: 2,041
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Jul. 7, 2015 11:00 AM EDT Reads: 2,544