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E-House Reports Third Quarter and First Nine Months of 2012 Results

SHANGHAI, Nov. 15, 2012 /PRNewswire/ -- E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced its unaudited financial results for the fiscal quarter and nine months ended September 30, 2012.

Third Quarter 2012 Financial and Operating Highlights

  • Total gross floor area ("GFA") of new properties sold increased by 35% year-on-year to 4.8 million square meters. Total value of new properties sold increased by 37% year-on-year to RMB40.7 billion ($6.4 billion)[1].
  • Total revenues increased by 25% year-on-year to $136.6 million.
  • Non-GAAP[2] income from operations increased by 79% year-on-year to $20.6 million.
  • Non-GAAP net loss attributable to E-House shareholders was $7.8 million or $0.07 loss per diluted American depositary share ("ADS").

First Nine Months of 2012 Financial and Operating Highlights

  • Total GFA of new properties sold was 10.6 million square meters for the first nine months of 2012, an increase of 15% from the same period of 2011. Total value of new properties sold was RMB87.3 billion ($13.8 billion) for the first nine months of 2012, an increase of 7% from the same period of 2011.
  • Total revenues were $309.9 million for the first nine months of 2012, an increase of 9% from the same period of 2011.
  • Non-GAAP loss from operations was $22.0 million for the first nine months of 2012.
  • Non-GAAP net loss attributable to E-House shareholders was $17.8 million, or $0.17 loss per diluted ADS, for the first nine months of 2012.

[1] This press release contains translations of certain RMB amounts into U.S. dollar amounts solely for the convenience of the reader. The RMB amounts were translated into U.S. dollar amounts at a rate of RMB 6.3357 to US$1.00, which is the average central parity rate announced by the People's Bank of China for the third quarter of 2012.

 

[2] E-House uses in this press release the following non-GAAP financial measures: (1) income (loss) from operations, (2) net income (loss), (3) net income (loss) attributable to E-House shareholders, (4) net income (loss) attributable to E-House shareholders per basic ADS,  and (5) net income (loss) attributable to E-House shareholders per diluted ADS, each of which excludes share-based compensation expense, amortization of intangible assets resulting from business acquisitions, goodwill impairment charge and gain/(loss) from the disposal of subsidiaries. See "About Non-GAAP Financial Measures" and "Unaudited Reconciliation of GAAP and Non-GAAP Results" below for more information about the non-GAAP financial measures included in this press release.

 

Xin Zhou, E-House's co-chairman and CEO, commented: "The third quarter was relatively quiet on the real estate policy front. Our primary agency business benefited from year-on-year transaction volume growth and started its turn-around in operating profitability. Our online e-commerce business, which was used by more than 11,000 home buyers during the quarter, also showed continued growth momentum. Although growth in our consulting business was lackluster during the third quarter due to continued softness in land transaction consulting and project delays, we made progress in developing new information database products that we believe will contribute to our growth next year."

Bin Laurence, E-House's CFO, added: "We achieved healthy operating income this quarter, driven by improved profitability from our primary agency business. Although we continue to operate within a relatively slow real estate industry environment, we are glad to see that the Company is on its path to improved profitability."

Financial Results for the Third Quarter and First Nine Months of 2012

Revenues

Third quarter total revenues were $136.6 million, an increase of 25% from $109.3 million for the same quarter of 2011. For the first nine months of 2012, total revenues were $309.9 million, an increase of 9% from $284.2 million for the same period of 2011.

Real Estate Brokerage Services

Real estate brokerage services include primary real estate agency services and secondary real estate brokerage services. Third quarter revenues from real estate brokerage services were $60.2 million, an increase of 35% from $44.6 million for the same quarter of 2011. For the first nine months of 2012, revenues from real estate brokerage services were $133.4 million, an increase of 5% from $127.6 million for the same period of 2011.

Third quarter revenues from primary real estate agency services were $56.0 million, an increase of 39% from $40.2 million for the same quarter of 2011. This increase was mainly due to a 35% increase in total GFA of new properties sold and a 37% increase in total transaction value of new properties sold. (See "Selected Operating Data" below for more details on total GFA and transaction value of new properties sold.)

For the first nine months of 2012, revenues from primary real estate agency services were $122.3 million, an increase of 8% from $112.8 million for the same period of 2011. This increase was mainly due to a 15% increase in total GFA of new properties sold and a 7% increase in total transaction value of new properties sold. (See "Selected Operating Data" below for more details on total GFA and transaction value of new properties sold.)

Third quarter revenues from secondary real estate brokerage services were $4.2 million, a decrease of 3% from $4.4 million for the same quarter of 2011. As of September 30, 2012, E-House had a total of 68 secondary real estate brokerage stores in four cities in China, compared to 107 stores as of September 30, 2011 and 69 stores as of June 30, 2012.

For the first nine months of 2012, revenues from secondary real estate brokerage services were $11.1 million, a decrease of 25% from $14.8 million for the same period of 2011. This decrease was mainly due to the combined effect of lower rental transaction volume and a decrease of total transaction value of secondary real estate sold, which was in turn caused by the Company's closing of a number of stores from 2011 in order to reduce costs and optimize the Company's store network.

Real Estate Online Services

Third quarter revenues from real estate online services were $52.6 million, an increase of 34% from $39.3 million for the same quarter of 2011. This increase was mainly due to revenue growth in existing and new cities that the Company entered since 2010, as well as growth in e-commerce revenues.

For the first nine months of 2012, revenues from real estate online services were $113.8 million, an increase of 25% from $90.7 million for the same period of 2011. This increase was mainly due to revenue growth in existing and new cities that the Company entered since 2010, as well as growth in e-commerce revenues.

Real Estate Information and Consulting Services

Third quarter revenues from real estate information and consulting services were $16.5 million, a decrease of 9% compared to $18.2 million for the same quarter of 2011. The decrease was mainly due to a decline in consulting services revenue, partially offset by an increase in revenues from information services.

For the first nine months of 2012, revenues from real estate information and consulting services were $41.1 million, a decrease of 12% from $46.6 million for the same period of 2011. The year-on-year decrease was primarily due to a reduction in land transaction-related consulting fees, as well as a reduction in other consulting revenues from property developments due to the weak real estate market, partially offset by an increase in revenues from information services.

Other Services

Other services include offline real estate advertising services, promotional events services and real estate fund management services. Third quarter revenues from other services were $7.3 million, compared to $7.2 million for the same quarter of 2011.

For the first nine months of 2012, revenues from other services were $21.6 million, an increase of 11% from $19.3 million for the same period of 2011. The increase was mainly due to the expansion of promotional event services in the first nine months of 2012.

Cost of Revenues

Third quarter cost of revenues was $55.3 million, an increase of 19% from $46.5 million for the same quarter of 2011, primarily due to higher commission expense for sales staff in the primary real estate agency services, higher editorial cost related to the expanded coverage of the Company's websites, and amortization of the exclusive right to sell Baidu's real estate Brand Link products to real estate developers in China starting in August 2011.

For the first nine months of 2012, cost of revenues was $142.8 million, an increase of 32% from $108.6 million for the same period of 2011, primarily due to higher salary and commission expenses for the sales staff in the primary real estate agency services, higher editorial cost related to the expanded coverage of the Company's websites, additional amortization of the exclusive right to sell Baidu's real estate Brand Link products to real estate developers in China starting in August 2011, and higher cost of promotion event services in line with the increase of revenues.

Selling, General and Administrative ("SG&A") Expenses

Third quarter SG&A expenses were $77.7 million, an increase of 12% from $69.4 million for the same quarter of 2011, primarily due to increased staff and marketing expenses for the Company's real estate online services segment.

For the first nine months of 2012, SG&A expenses were $241.6 million, an increase of 27% from $190.7 million for the same period of 2011. This increase was primarily due to increased staff-related expenses, higher rental and online marketing expenses, as well as higher bad debt provision compared to the same period last year.

Income (Loss) from Operations

Third quarter income from operations was $5.9 million, compared to loss from operations of $420.1 million for the same quarter of 2011. For the third quarter of 2011, the Company recorded a $417.8 million goodwill impairment charge of the Company's online segment. Third quarter non-GAAP income from operations was $20.6 million, an increase of 79% from $11.5 million for the same quarter of 2011.

For the first nine months of 2012, loss from operations was $68.5 million, compared to loss from operations of $427.3 million for the same period of 2011. For the first nine months of 2012, non-GAAP loss from operations was $22.0 million, compared to non-GAAP income from operations of $30.4 million in the same period of 2011.

Net Income (Loss)

Third quarter net loss was $20.1 million, compared to net loss of $425.6 million for the same quarter of 2011. Third quarter non-GAAP net loss was $6.1 million, compared to non-GAAP net income of $5.3 million for the same quarter of 2011.

For the first nine months of 2012, net loss was $65.6 million, compared to net loss of $433.1 million for the same period of 2011. Non-GAAP net loss for the first nine months of 2012 was $21.5 million, compared to non-GAAP net income of $23.6 million in the same period of 2011.

Net Income (Loss) Attributable to E-House Shareholders

Third quarter net loss attributable to E-House shareholders was $21.6 million, or $0.18 loss per diluted ADS, compared to net loss attributable to E-House shareholders of $235.3 million, or $2.97 loss per diluted ADS, for the same quarter of 2011. Third quarter non-GAAP net loss attributable to E-House shareholders was $7.8 million, or $0.07 loss per diluted ADS, compared to non-GAAP net loss attributable to E-House shareholders of $0.5 million, or $0.01 loss per diluted ADS, for the same quarter of 2011.

For the first nine months of 2012, net loss attributable to E-House shareholders was $55.3 million, or $0.54 loss per diluted ADS, compared to net loss attributable to E-House shareholders of $242.5 million, or $3.02 loss per diluted ADS, for the same period of 2011. Non-GAAP net loss attributable to E-House shareholders for the first nine months of 2012 was $17.8 million, or $0.17 loss per diluted ADS, compared to non-GAAP net income attributable to E-House shareholders of $9.2 million, or $0.11 per diluted ADS, for the same period of 2011.

Cash Flow

As of September 30, 2012, the Company had a cash balance of $167.4 million.

Third quarter 2012 net cash used in operating activities was $8.4 million. This amount was mainly attributable to non-GAAP net loss of $6.1 million, and an increase in accounts receivable of $38.4 million, offset by an increase in income and other tax payable of $27.9 million, non-cash depreciation and amortization (other than business acquisitions related) of $6.0 million and bad debt provision of $3.2 million.

Third quarter 2012 net cash used in investing activities was $13.4 million. This amount was mainly attributable to an $11.1 million payment to Baidu for the exclusive rights to sell its real estate Brand Link products in China and $2.8 million for purchase of property and equipment.

Third quarter 2012 net cash proceeds from financing activities was $0.2 million.

Business Outlook

The Company currently estimates that its revenues for the fiscal year ending December 31, 2012 will be in the range of $440 million to $460 million, an increase of 10% to 15% from $401.6 million in 2011. This updated annual revenue guidance reflects the Company's expectation that growth in online advertising will be softer than expected in the fourth quarter amid challenging overall macroeconomic environment.

Conference Call Information

E-House's management will host an earnings conference call on November 15, 2012 at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing/Hong Kong time).

Dial-in details for the earnings conference call are as follows:

U.S./International: +1-718-354-1231
Hong Kong:          +852-2475-0994
Mainland China:    800-819-0121

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is "E-House earnings call."

A replay of the conference call may be accessed by phone at the following number until November 22, 2012:

International:  +1-646-254-3697
Passcode:     64358887

Additionally, a live and archived webcast will be available at http://ir.ehousechina.com.

About E-House

E-House (China) Holdings Limited ("E-House") (NYSE: EJ) is China's leading real estate services company with a nationwide network covering more than 230 cities. E-House offers a wide range of services to the real estate industry, including online advertising, primary sales agency, secondary brokerage, information and consulting, offline advertising and promotion and real estate investment management services. E-House has received numerous awards for its innovative and high-quality services, including "China's Best Company" from the National Association of Real Estate Brokerage and Appraisal Companies and "China Enterprises with the Best Potential" from Forbes. For more information about E-House, please visit http://www.ehousechina.com.

Safe Harbor: Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "intend," "confident," "is currently reviewing," "it is possible," "subject to" and similar statements. Among other things, the Business Outlook section and quotations from management in this press release, as well as E-House's strategic and operational plans, contain forward-looking statements. E-House may also make written or oral forward-looking statements in its reports filed or furnished with the U.S. Securities and Exchange Commission, including Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about E-House's beliefs and expectations, are forward-looking statements and are subject to change. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained, either expressly or impliedly, in any of the forward-looking statements in this press release. Potential risks and uncertainties include, but are not limited to, a severe or prolonged downturn in the global economy, E-House's susceptibility to fluctuations in the real estate market of China, government measures aimed at China's real estate industry, failure of the real estate services industry in China to develop or mature as quickly as expected, diminution of the value of E-House's brand or image, E-House's inability to successfully execute its strategy of expanding into new geographical markets in China, E-House's failure to manage its growth effectively and efficiently, E-House's failure to successfully execute the business plans for its strategic alliances and other new business initiatives, E-House's loss of its competitive advantage if it fails to maintain and improve its proprietary CRIC system or to prevent disruptions or failure in the system's performance, E-House's failure to compete successfully, fluctuations in E-House's results of operations and cash flows, E-House's reliance on a concentrated number of real estate developers, natural disasters or outbreaks of health epidemics and other risks outlined in E-House's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of this press release, and E-House does not undertake any obligation to update any such information, except as required under applicable law.

About Non-GAAP Financial Measure

To supplement E-House's consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), E-House uses in this press release the following non-GAAP financial measures: (1) income (loss) from operations, (2) net income (loss), (3) net income (loss) attributable to E-House shareholders, (4) net income (loss) attributable to E-House shareholders per basic ADS, and (5) net income (loss) attributable to E-House shareholders per diluted ADS, each of which excludes share-based compensation expense, amortization of intangible assets resulting from business acquisitions, goodwill impairment charge and gain/(loss) from the disposal of subsidiaries. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this press release.

E-House believes that these non-GAAP financial measures provide meaningful supplemental information to investors regarding its operating performance by excluding share-based compensation expense, amortization of intangible assets resulting from business acquisitions, goodwill impairment charge and gain/(loss) from the disposal of subsidiaries, which may not be indicative of E-House's operating performance. These non-GAAP financial measures also facilitate management's internal comparisons to E-House's historical performance and assist its financial and operational decision making. A limitation of using these non-GAAP financial measures is that share-based compensation expense, amortization of intangible assets resulting from business acquisitions, goodwill impairment charge and gain/(loss) from the disposal of subsidiaries are recurring expenses that may continue to exist in E-House's business for the foreseeable future. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliation between non-GAAP financial measures and their most comparable GAAP financial measures.

For investor and media inquiries please contact:

In China

Michelle Yuan
Director of Investor Relations
E-House (China) Holdings Limited
Phone: +86 (21) 6133-0754
E-mail: [email protected]

Derek Mitchell
Ogilvy Financial, Beijing
Phone: +86 (10) 8520-3073
E-mail: [email protected]

In the U.S.

Jessica Barist Cohen
Ogilvy Financial, New York
Phone: +1 (646) 460-9989
E-mail: [email protected]

 

 

E-HOUSE (CHINA) HOLDINGS LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEET

(In thousands of U.S. dollars)

 




December 31,


 September 30,




2011


2012

ASSETS










Current assets










Cash and cash equivalents




392,005




167,370


Restricted cash




2,582




2,066


Marketable securities




7,982




6,696


Customer deposits




56,168




82,353


Accounts receivable, net




244,081




281,866


Properties held for sale




1,287




1,279


Deferred tax assets




22,078




22,032


Prepaid expenses and other current assets




21,818




20,729


Amounts due from related parties




1,501




355


Total current assets




749,502




584,746


Property and equipment, net




27,976




40,571


Intangible assets, net




213,263




184,133


Investment in affiliates




32,484




31,829


Goodwill




49,328




49,259


Customer deposits, non-current




26,586




26,819


Other non-current assets




44,559




41,400


Total assets




1,143,698




958,757












LIABILITIES AND EQUITY










Current liabilities










Accounts payable




5,686




3,039


Accrued payroll and welfare expenses




50,581




49,636


Income tax payable




45,762




35,884


Other tax payable




19,252




21,779


Amounts due to related parties




1,775




5,392


Advance from property buyers




2,194




2,026


Deferred revenue




11,499




13,015


Liability for exclusive rights, current




13,831




16,554


Other current liabilities




25,517




22,778


Total current liabilities




176,097




170,103


Deferred tax liabilities




40,109




40,102


Liability for exclusive rights, non-current




21,408




5,773


Other non-current liabilities




1,716




1,339


Total liabilities




239,330




217,317


Equity










Ordinary shares ($0.001 par value): 1,000,000,000 and 1,000,000,000 shares authorized, 79,065,624 and 118,034,273  shares issued and outstanding, as of December 31, 2011 and September 30, 2012 respectively




79




118


Additional paid-in capital




688,094




848,504


Subscription receivables




-




(85)


Accumulated deficit




(101,064)




(168,021)


Accumulated other comprehensive income




46,253




50,694


Total E-House equity




633,362




731,210


Non-controlling interests




271,006




10,230


Total equity




904,368




741,440


TOTAL LIABILITIES AND EQUITY




1,143,698




958,757



 

E-HOUSE (CHINA) HOLDINGS LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands of U.S. dollars, except share data and per share data)

 



Three months ended


Nine months ended



September 30,


September 30,



2011


2012


2011


2012

Revenues



109,301




136,586




284,226




309,858


Cost of revenues



(46,462)




(55,334)




(108,603)




(142,840)


Selling, general and administrative expenses



(69,434)




(77,734)




(190,716)




(241,551)


Goodwill impairment charge



(417,822)




-




(417,822)




-


Other operating income



4,299




2,376




5,635




6,032


Income (Loss) from operations



(420,118)




5,894




(427,280)




(68,501)


Interest income



636




264




1,948




1,385


Other loss, net



(8,522)




(2,243)




(12,358)




(2,764)


Income (Loss) before taxes, and equity in affiliates



(428,004)




3,915




(437,690)




(69,880)


Income tax benefit (expense)



2,460




(24,137)




5,120




4,157


Loss before equity in affiliates



(425,544)




(20,222)




(432,570)




(65,723)


Income (Loss) from equity in affiliates



(26)




159




(496)




109


Net loss



(425,570)




(20,063)




(433,066)




(65,614)


Less: net income (loss) attributable to non-controlling interests



















(190,288)




1,521




(190,574)




(10,324)


Net loss attributable to E-House shareholders



(235,282)




(21,584)




(242,492)




(55,290)



















Loss per share:

















Basic



(2.97)




(0.18)




(3.02)




(0.54)


Diluted



(2.97)




(0.18)




(3.02)




(0.54)


Shares used in computation:

















Basic



79,087,425




117,977,005




80,210,915




102,145,265


Diluted



79,087,425




117,977,005




80,210,915




102,145,265



















Note 1

The conversion of Renminbi ("RMB") amounts into USD amounts is based on the rate of USD1 = RMB6.3410 on September 30, 2012 and USD1 = RMB6.3357 for the three months ended September 30, 2012.



 

E-HOUSE (CHINA) HOLDINGS LIMITED


UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME


(In thousands of U.S. dollars)

 




Three months ended


Nine months ended




September 30,


September 30,




2011


2012


2011


2012












Net loss


(425,570)


(20,063)


(433,066)


(65,614)












Other comprehensive income (loss), net of tax:










Foreign currency translation adjustment


8,869


(893)


19,667


(2,745)


Comprehensive loss


(416,701)


(20,956)


(413,399)


(68,359)












Less: Comprehensive income (loss) attributable to non-controlling interests


(188,182)


1,423


(186,202)


(10,520)


Comprehensive loss attributable to E-House shareholders


(228,519)


(22,379)


(227,197)


(57,839)













E-HOUSE (CHINA) HOLDINGS LIMITED

Unaudited Reconciliation of GAAP and Non-GAAP Results

(In thousands of U.S. dollars, except share data and per ADS data)

 



Three months ended


Nine months ended



September 30,


September 30,




2011



2012



2011


2012

GAAP income (loss) from operations



(420,118)



5,894



(427,280)


(68,501)

Share-based compensation expense



8,155



9,006



23,690


29,311

Amortization of intangible assets resulting from  business acquisitions



5,645


5,737



16,215


17,212

Goodwill impairment charge



417,822



-



417,822


-

Non-GAAP income (loss) from operations



11,504



20,637



30,447


(21,978)













GAAP net loss



(425,570)



(20,063)



(433,066)


(65,614)

Share-based compensation expense (net of tax)



8,155



9,006



23,690


29,311

Amortization of intangible assets resulting from business acquisitions (net of tax)



4,853



4,934



14,074


14,801

Loss from the disposal of subsidiaries  (net of tax)



-



-



1,054


-

Goodwill impairment charge



417,822



-



417,822


-

Non-GAAP net income (loss)



5,260



(6,123)



23,574


(21,502)













Net loss attributable to E-House Shareholder



(235,282)



(21,584)



(242,492)


(55,290)

Share-based compensation expense (net of tax and non-controlling interests)



5,995



9,006



 

17,516


25,904

Amortization of intangible assets resulting from business acquisitions (net of tax and non-controlling interests)



2,593



4,776



 

7,463


11,558

Loss from disposal of subsidiaries (net of tax and non-controlling interests)



-



-



565


-

Goodwill impairment charge (net of non-controlling interests)



226,183



-



226,183


-

Non-GAAP net income (loss) attributable to E-House shareholders

 



(511)



(7,802)



9,235


(17,828)













GAAP net loss per ADS -- basic



(2.97)



(0.18)



(3.02)


(0.54)













GAAP net loss per ADS -- diluted



(2.97)



(0.18)



(3.02)


(0.54)













Non-GAAP net income (loss) per ADS -- basic



(0.01)



(0.07)



0.12


(0.17)













Non-GAAP net income (loss) per ADS -- diluted



(0.01)



(0.07)



0.11


(0.17)













Shares used in calculating basic GAAP / non-GAAP net income (loss) attributable to shareholders per ADS



79,087,425



117,977,005



 

80,210,915


102,145,265













Shares used in calculating diluted GAAP net loss attributable to shareholders per ADS



79,087,425



117,977,005



80,210,915


102,145,265

Shares used in calculating diluted non-GAAP net income (loss) attributable to shareholders per ADS



 

79,087,425



 

117,977,005



 

80,688,211


 

102,145,265


 

 

E-HOUSE (CHINA) HOLDINGS LIMITED

SELECTED OPERATING DATA

 



Three months ended


Nine months ended



September 30,


September 30,



2011


2012


2011


2012

Primary real estate agency service













Total Gross Floor Area ("GFA") of new properties sold (thousands of square meters)



3,576




4,825



9,216


10,569

Total value of new properties sold (millions of RMB)



29,622




40,698



81,725


87,303

Total value of new properties sold (millions of $)



4,641




6,429



12,600


13,812

 



 

 

SOURCE E-House (China) Holdings Limited

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When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...