Welcome!

Cloud Expo Authors: Yeshim Deniz, Gilad Parann-Nissany, Carmen Gonzalez, Liz McMillan, Noel Wurst

News Feed Item

NVIDIA Reports Financial Results for Annual and Fourth Quarter Fiscal 2013

SANTA CLARA, CA -- (Marketwire) -- 02/13/13 -- NVIDIA (NASDAQ: NVDA)

  • Full-year revenue increased 7.1 percent to a record $4.28 billion
  • Quarterly revenue decreased 8.1 percent sequentially to $1.11 billion; year on year, revenue was up 16.1 percent
  • Quarterly GAAP diluted EPS of $0.28, off from $0.33 in Q3; non-GAAP diluted EPS of $0.35, off from $0.39 in Q3
  • Quarterly GAAP gross margin of 52.9 percent; non-GAAP gross margin of 53.2 percent

NVIDIA (NASDAQ: NVDA) today reported revenue for fiscal 2013 ended Jan. 27, 2013, of a record $4.28 billion, up 7.1 percent from $4.00 billion in fiscal 2012.

GAAP earnings per share for the year were $0.90 per diluted share, a decrease of 4.3 percent from $0.94 in fiscal 2012. Non-GAAP earnings per diluted share were $1.17, down 1.7 percent from $1.19 in fiscal 2012.

During the quarter, NVIDIA repurchased $100.0 million of stock and paid a dividend of $0.075 per share, equivalent to $46.9 million.

"This year we did the best work in our company's history," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "We achieved record revenues, margins and cash, despite significant market headwinds.

"We grew our GPU and Tegra Processor businesses. We are sampling production silicon of the Tegra 4 platform which includes our 4G LTE modem. And we created new pillars for long term growth with Project SHIELD and NVIDIA GRID -- first-of-their-kind devices that will extend our leadership in visual computing into mobile and the cloud."


----------------------------------------------------------------------------
                      GAAP Annual Financial Comparison
----------------------------------------------------------------------------
  (in millions except per
        share data)            FY13        FY12        Y/Y$         Y/Y%
----------------------------------------------------------------------------
Revenue                       $4,280.2    $3,997.9   up $282.3       up 7.1%
----------------------------------------------------------------------------
Gross Margin                     52.0%       51.4%      ------   up 0.6 p.p.
----------------------------------------------------------------------------
Operating Expenses            $1,578.1    $1,408.2   up $169.9      up 12.1%
----------------------------------------------------------------------------
Net Income                      $562.5      $581.1  down $18.6     down 3.2%
----------------------------------------------------------------------------
Earnings Per Share               $0.90       $0.94  down $0.04     down 4.3%
----------------------------------------------------------------------------



----------------------------------------------------------------------------
                    Non-GAAP* Annual Financial Comparison
----------------------------------------------------------------------------
  (in millions except per
        share data)            FY13        FY12        Y/Y$         Y/Y%
----------------------------------------------------------------------------
Revenue                       $4,280.2    $3,997.9   up $282.3       up 7.1%
----------------------------------------------------------------------------
Gross Margin                     52.3%       51.9%    ------     up 0.4 p.p.
----------------------------------------------------------------------------
Operating Expenses            $1,395.7    $1,245.7   up $150.0      up 12.0%
----------------------------------------------------------------------------
Net Income                      $728.4      $734.4   down $6.0     down 0.8%
----------------------------------------------------------------------------
Earnings Per Share               $1.17       $1.19  down $0.02     down 1.7%
----------------------------------------------------------------------------

*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, a legal settlement charge in the fourth quarter of fiscal 2012, and the tax impact associated with such items.


----------------------------------------------------------------------------
                     GAAP Quarterly Financial Comparison
----------------------------------------------------------------------------
 (in millions
  except per     Q4 FY13     Q3 FY13     Q4 FY12       Q/Q           Y/Y
  share data)
----------------------------------------------------------------------------
Revenue          $1,106.9    $1,204.1      $953.2    down 8.1%      up 16.1%
----------------------------------------------------------------------------
Gross margin        52.9%       52.9%       51.4%         flat    up 1.5 p.p
----------------------------------------------------------------------------
Operating
 expenses          $402.0      $384.4      $367.7      up 4.6%       up 9.3%
----------------------------------------------------------------------------
Net income         $174.0      $209.1      $116.0   down 16.8%      up 50.0%
----------------------------------------------------------------------------
Earnings per
 share              $0.28       $0.33       $0.19   down 15.2%      up 47.4%
----------------------------------------------------------------------------



----------------------------------------------------------------------------
                  Non-GAAP* Quarterly Financial Comparison
----------------------------------------------------------------------------
 (in millions
  except per     Q4 FY13     Q3 FY13     Q4 FY12       Q/Q           Y/Y
  share data)
----------------------------------------------------------------------------
Revenue          $1,106.9    $1,204.1      $953.2    down 8.1%      up 16.1%
----------------------------------------------------------------------------
Gross margin        53.2%       53.1%       52.5%   up 0.1 p.p    up 0.7 p.p
----------------------------------------------------------------------------
Operating
 expenses          $360.4      $344.8      $325.2      up 4.5%      up 10.8%
----------------------------------------------------------------------------
Net income         $214.9      $245.5      $158.1   down 12.5%      up 35.9%
----------------------------------------------------------------------------
Earnings per
 share              $0.35       $0.39       $0.26   down 10.3%      up 34.6%
----------------------------------------------------------------------------

*Non-GAAP earnings excluded stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, a legal settlement charge in the fourth quarter of fiscal 2012, and the tax impact associated with such items.

Our outlook for the first quarter of fiscal 2014 is as follows:

  • Revenue is expected to be $940 million, plus or minus two percent.

  • GAAP and non-GAAP gross margins are expected to be flat relative to the prior quarter, at 52.9 percent and 53.2 percent, respectively.

  • GAAP operating expenses are expected to be approximately $430 million; non-GAAP operating expenses are expected to be approximately $395 million.

  • GAAP and non-GAAP tax rates for the first quarter and annual fiscal 2014 are both expected to be 16 percent, plus or minus one percentage point. This estimate excludes any discrete tax events that may occur during a quarter which, if realized, may increase or decrease our actual effective tax rates in such quarter.

We estimate depreciation and amortization for the first quarter to be approximately $59 million to $61 million. Capital expenditures are expected to be in the range of $55 million to $65 million.

Diluted shares for the first quarter are expected to be approximately 619 million.

Fourth Quarter Fiscal 2013 Highlights:

  • NVIDIA's customers brought three Windows RT devices to market -- Asus VivoTab RT, IdeaPad Yoga 11 from Lenovo, and Microsoft Surface RT
  • NVIDIA announced Project SHIELD™, a unique Android gaming device that will ship in the second quarter of fiscal 2014
  • NVIDIA launched Tegra® 4, the world's fastest mobile SOC and the first quad-core A15 SOC
  • NVIDIA continued to drive the streaming of gaming from the cloud by signing deals with six middleware providers that will supply GRID™ gaming technology to service operators worldwide
  • NVIDIA officially launched the Tesla® K20 family of GPU accelerators, making the technology behind the world's fastest supercomputer, Titan, available to all

Dividend
NVIDIA will pay its next quarterly cash dividend of $0.075 cents per share on March 21, 2013 to all stockholders of record on February 28, 2013.

Reporting Segments
During the fourth quarter of fiscal 2013, NVIDIA began reporting two primary financial reporting segments -- GPU and Tegra Processor. This change reflects the way NVIDIA is now managing its businesses internally. More information on this change is in NVIDIA's CFO Commentary.

CFO Commentary and Earnings Presentation
Commentary on the quarter by Karen Burns, NVIDIA interim chief financial officer, and a presentation, are available at www.nvidia.com/ir.

Conference Call and webcast Information
NVIDIA will conduct a conference call with analysts and investors to discuss its fourth 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 first quarter fiscal 2014.

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 flow. 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 contribution expense, a legal settlement charge, 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 5,500 issued, allowed or filed patents worldwide, including ones covering ideas essential to modern computing. For more information, see www.nvidia.com.

Certain statements in this press release including, but not limited to statements as to: the company's financial outlook for the first quarter of fiscal 2014; the company's tax rate for the first quarter and fiscal year 2014; the anticipated shipment of Project SHIELD in the second quarter; the extension of the company's visual computing expertise; the growth of the cloud and mobile markets; and the effects of the company's patents on modern computing 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 October 28, 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.

(C) 2013 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, GRID, Tegra, SHIELD 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     Twelve Months Ended
                             ----------------------- -----------------------
                             January 27, January 29, January 27, January 29,
                                 2013        2012        2013        2012
                             ----------- ----------- ----------- -----------

Revenue                      $ 1,106,902 $   953,194 $ 4,280,159 $ 3,997,930
Cost of revenue                  521,300     463,181   2,053,816   1,941,413
                             ----------- ----------- ----------- -----------
Gross profit                     585,602     490,013   2,226,343   2,056,517
Operating expenses
  Research and development       298,007     266,862   1,147,282   1,002,605
  Sales, general and
   administrative                104,022     100,834     430,822     405,613
                             ----------- ----------- ----------- -----------
    Total operating expenses     402,029     367,696   1,578,104   1,408,218
                             ----------- ----------- ----------- -----------
Operating income                 183,573     122,317     648,239     648,299
Interest and other income,
 net                               2,535       2,260      13,800      15,097
                             ----------- ----------- ----------- -----------
Income before income tax
 expense                         186,108     124,577     662,039     663,396
Income tax expense                12,135       8,552      99,503      82,306
                             ----------- ----------- ----------- -----------
Net income                   $   173,973 $   116,025 $   562,536 $   581,090
                             =========== =========== =========== ===========

Basic net income per share   $      0.28 $      0.19 $      0.91 $      0.96
                             =========== =========== =========== ===========
Diluted net income per share $      0.28 $      0.19 $      0.90 $      0.94
                             =========== =========== =========== ===========

Shares used in basic per
 share computation               620,169     611,432     619,324     603,646
Shares used in diluted per
 share computation               622,018     618,599     624,957     616,371



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


                                                 January 27,    January 29,
                                                    2013           2012
                                               -------------- --------------
ASSETS

Current assets:
  Cash, cash equivalents and marketable
   securities                                  $    3,727,883 $    3,129,576
  Accounts receivable, net                            454,252        336,143
  Inventories                                         419,686        340,297
  Prepaid expenses and other current assets           173,437         99,342
                                               -------------- --------------
    Total current assets                            4,775,258      3,905,358

Property and equipment, net                           576,144        560,072
Goodwill                                              641,030        641,030
Intangible assets, net                                312,332        326,136
Other assets                                          107,481        120,332
                                               -------------- --------------
    Total assets                               $    6,412,245 $    5,552,928
                                               ============== ==============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable                             $      356,428 $      335,072
  Accrued liabilities and other current
   liabilities                                        619,795        594,886
                                               -------------- --------------
    Total current liabilities                         976,223        929,958

Other long-term liabilities                           589,321        455,807
Capital lease obligations, long term                   18,998         21,439

Stockholders' equity                                4,827,703      4,145,724
                                               -------------- --------------
    Total liabilities and stockholders' equity $    6,412,245 $    5,552,928
                                               ============== ==============



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

                              Three Months Ended       Twelve Months Ended
                        ----------------------------- ---------------------
                         January   October   January    January    January
                           27,       28,       29,        27,        29,
                           2013      2012      2012      2013       2012
                        --------- --------- --------- ---------- ----------

GAAP gross profit       $ 585,602 $ 636,658 $ 490,013 $2,226,343 $2,056,517
  GAAP gross margin          52.9%     52.9%     51.4%      52.0%      51.4%

    Stock-based
     compensation
     expense included
     in cost of revenue
     (A)                    2,826     2,489     3,048     10,490     11,322
    Legal settlement
     (B)                        -         -     7,300          -      7,300
                        --------- --------- --------- ---------- ----------
Non-GAAP gross profit   $ 588,428 $ 639,147 $ 500,361 $2,236,833 $2,075,139
                        ========= ========= ========= ========== ==========
  Non-GAAP gross margin      53.2%     53.1%     52.5%      52.3%      51.9%

GAAP operating expenses $ 402,029 $ 384,441 $ 367,696 $1,578,104 $1,408,218
    Stock-based
     compensation
     expense included
     in operating
     expense (A)          (32,943)  (30,580)  (32,388)  (126,172)  (125,032)
    Amortization of
     acquisition-
     related intangible
     assets                (4,325)   (4,402)   (5,041)   (17,134)   (17,190)
    Other acquisition-
     related costs (C)     (4,373)   (4,666)   (5,052)   (19,004)   (20,282)
    Contribution
     expense (D)                -         -         -    (20,127)         -
                        --------- --------- --------- ---------- ----------
Non-GAAP operating
 expenses               $ 360,388 $ 344,793 $ 325,215 $1,395,667 $1,245,714
                        ========= ========= ========= ========== ==========

GAAP net income         $ 173,973 $ 209,080 $ 116,025 $  562,536 $  581,090
    Total pre-tax
     impact of non-GAAP
     adjustments           44,467    42,137    52,829    192,927    181,126
    Income tax impact
     of non-GAAP
     adjustments           (3,507)   (5,755)  (10,718)   (27,090)   (27,810)
                        --------- --------- --------- ---------- ----------
Non-GAAP net income     $ 214,933 $ 245,462 $ 158,136 $  728,373 $  734,406
                        ========= ========= ========= ========== ==========

Diluted net income per
 share
    GAAP                $    0.28 $    0.33 $    0.19 $     0.90 $     0.94
                        ========= ========= ========= ========== ==========
    Non-GAAP            $    0.35 $    0.39 $    0.26 $     1.17 $     1.19
                        ========= ========= ========= ========== ==========

Shares used in diluted
 net income per share
 computation              622,018   628,845   618,599    624,957    616,371

Metrics:

    GAAP net cash flow
     provided by
     operating
     activities         $ 451,009 $ 181,485 $ 410,518 $  824,172 $  909,156
    Purchase of
     property and
     equipment and
     intangible assets    (47,758)  (44,684)  (45,182)  (183,309)  (138,735)
                        --------- --------- --------- ---------- ----------
    Free cash flow      $ 403,251 $ 136,801 $ 365,336 $  640,863 $  770,421
                        ========= ========= ========= ========== ==========

    Graphics Processing
     Unit (GPU) revenue                               $3,251,712 $3,186,764
    Chipset product
     revenue                                             (24,309)  (197,417)
                                                      ---------- ----------
    GPU revenue
     excluding chipset
     products                                         $3,227,403 $2,989,347
                                                      ========== ==========


(A) Excludes stock-
based compensation as
follows:                      Three Months Ended       Twelve Months Ended
                        ----------------------------- ---------------------
                         January   October   January    January    January
                           27,       28,       29,        27,        29,
                           2013      2012      2012      2013       2012
                        --------- --------- --------- ---------- ----------
    Cost of revenue     $   2,826 $   2,489 $   3,048 $   10,490 $   11,322
    Research and
     development        $  22,009 $  20,056 $  20,908 $   82,157 $   80,502
    Sales, general and
     administrative     $  10,934 $  10,524 $  11,480 $   44,015 $   44,530

(B) On February 7, 2012, the Company and Rambus entered into a licensing
 agreement and both parties also agreed to settle all outstanding legal
 disputes. For accounting purposes, an additional charge of $7.3 million
 associated with the fair value prescribed to the settlement portion was
 recognized for the year ended January 29, 2012.

(C) 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.

(D) Net present value of a $25 million charitable 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

                                                         Q1 FY2014 Outlook
                                                        -------------------

GAAP gross margin                                                      52.9%
  Impact of stock-based compensation (A)                                0.3%
                                                        -------------------
Non-GAAP gross margin                                                  53.2%
                                                        ===================

                                                         Q1 FY2014 Outlook
                                                        -------------------
                                                           (In millions)

GAAP operating expenses                                 $             430.0
  Stock-based compensation expense included in
   operating expense                                                  (28.0)
  Amortization of acquisition-related intangible assets                (4.0)
  Other acquisition-related costs (B)                                  (3.0)
                                                        -------------------
Non-GAAP operating expenses                             $             395.0
                                                        ===================

(A) Represents $2.6 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.

@CloudExpo Stories
In high-production environments where release cycles are measured in hours or minutes — not days or weeks — there's little room for mistakes and no room for confusion. Everyone has to understand what's happening, in real time, and have the means to do whatever is necessary to keep applications up and running optimally. DevOps is a high-stakes world, but done well, it delivers the agility and performance to significantly impact business competitiveness.
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
ScriptRock makes GuardRail, a DevOps-ready platform for configuration monitoring. Realizing we were spending way too much time digging up, cataloguing, and tracking machine configurations, we began writing our own scripts and tools to handle what is normally an enormous chore. Then we took the concept a step further, giving it a beautiful interface and making it simple enough for our bosses to understand. We named it GuardRail after its function - to allow businesses to move fast and stay sa...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Media announced today that Sematext launched a popular blog feed on DevOps Journal with over 6,000 story reads over the weekend. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting an...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
SYS-CON Events announced today that IDenticard 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. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, 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. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
AppZero has announced that its award-winning application migration software is now fully qualified within the Microsoft Azure Certified program. AppZero has undergone extensive technical evaluation with Microsoft Corp., earning its designation as Microsoft Azure Certified. As a result of AppZero's work with Microsoft, customers are able to easily find, purchase and deploy AppZero from the Azure Marketplace. With just a few clicks, users have an Azure-based solution for moving applications to the...
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.