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Macerich Announces Adjusted Funds From Operations Per Share Increases 11% For 2013

SANTA MONICA, Calif., Feb. 4, 2014 /PRNewswire/ -- The Macerich Company (NYSE Symbol: MAC) today announced results of operations for the quarter ended December 31, 2013 which included adjusted funds from operations ("AFFO")  diluted of $140.6 million or $.94 per share-diluted compared to $132.6 million or $.90 per share-diluted for the quarter ended December 31, 2012.   Net income attributable to the Company was $144.9 million or $1.03 per share-diluted for the quarter ended December 31, 2013 compared to net income attributable to the Company for the quarter ended December 31, 2012 of $174.3 million or $1.27 per share-diluted.  AFFO diluted for the year ended December 31, 2013 was $527.6 million or $3.53 per share-diluted compared to $460.9 million or $3.18 per share-diluted for the year ended December 31, 2012.   Net income attributable to the Company was $420.1 million or $3.00 per share-diluted for the year ended December 31, 2013 compared to net income attributable to the Company for the year ended December 31, 2012 of $337.4 million or $2.51 per share-diluted.  A description and reconciliation of funds from operations ("FFO") per share-diluted and AFFO per share-diluted to EPS-diluted is included in the financial tables accompanying this press release.

Recent Highlights

  • Mall portfolio tenant annual sales per square foot were $562 for 2013 compared to $517 for 2012.
  • The releasing spreads for the year were up 17.2%.
  • Mall portfolio occupancy was 94.6% at December 31, 2013 compared to 93.8% at December 31, 2012.
  • AFFO per share-diluted for the year was $3.53, up 11% compared to the year ended December 31, 2012.
  • The Company recently sold four non-core malls with its pro rata share of the gross sales proceeds totaling $332 million

Commenting on the quarter and recent activity, Arthur Coppola chairman and chief executive officer of Macerich stated, "It was another strong quarter and year for us.  Our fundamentals were very good as evidenced by an occupancy level over 94%, solid releasing spreads and strong year over year same center net operating income growth.  In addition, we continued to execute our strategy of refining and improving the quality of our portfolio with the sale of four additional non-core assets."

Disposition Activity:

The Company continued the refinement of its portfolio with the sale of four non-core assets.  Ridgmar Mall in Fort Worth, Texas was sold on October 8, 2013. On December 11, 2013, Chesterfield Towne Center in Richmond, Virginia and Salisbury Centre in Salisbury, Maryland were sold.  Rotterdam Square in Schenectady, New York was sold on January 15, 2014.  The average annual sales per-square-foot for these malls was $317.  The Company's pro rata share of the total gross sales proceeds from the sale of these assets was $332 million.  The Company's pro rata share of proceeds from non-core assets sold since the beginning of 2013 totals $864 million.  The FFO per share dilution in 2013 from the 2013 asset sales was $.12.

2014 Earnings Guidance:

Management is providing fully diluted EPS and FFO per share guidance for 2014.

A reconciliation of estimated EPS to FFO per share-diluted follows:




2014 range

Fully diluted EPS

$ .98  -  $1.08

Plus: real estate depreciation and amortization 

2.62  -    2.62

Less: gain on sale of dispositions 

( .10)  -   ( .10)

Fully diluted FFO per share 

$3.50  -  $3.60

This guidance assumes asset sales in the range of $225 million to $275 million during the first half of 2014.  The 2014 guidance includes FFO per share dilution of $.08 from those asset sales plus $.16 of dilution from the assets sold in 2013.   The above guidance range reflects same center EBITDA growth of 3.75% to 4.25% for 2014.  There have been no acquisitions factored into the guidance and there has not been any gain or loss on early extinguishment of debt included in the guidance estimate.

Macerich, an S&P 500 company, currently celebrating 20 years of trading on the NYSE, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 54 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in California, Arizona, Chicago and the Greater New York Metro area. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.

Investor Conference Call

The Company will provide an online Web simulcast and rebroadcast of its quarterly earnings conference call.  The call will be available on The Macerich Company's website at www.macerich.com (Investing Section) and through CCBN at www.earnings.com.  The call begins Wednesday, February 5, 2014 at 10:30 Pacific Time. To listen to the call, please go to any of these websites at least 15 minutes prior to the call in order to register and download audio software if needed. An online replay at www.macerich.com (Investing Section) will be available for one year after the call. 

The Company will publish a supplemental financial information package which will be available at www.macerich.com in the Investing Section.  It will also be furnished to the SEC as part of a Current Report on Form 8-K.

Note:  This release contains statements that constitute forward-looking statements which can be identified by the use of words, such as  "expects," "anticipates," "assumes," "projects," "estimated" and "scheduled" and similar expressions that do not relate to historical matters. Stockholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to vary materially from those anticipated, expected or projected.  Such factors include, among others, general industry, as well as national, regional and local economic and business conditions, which will, among other things, affect demand for retail space or retail goods, availability and creditworthiness of current and prospective tenants, anchor or tenant bankruptcies, closures, mergers or consolidations, lease rates, terms and payments, interest rate fluctuations, availability, terms and cost of financing and operating expenses; adverse changes in the real estate markets including, among other things, competition from other companies, retail formats and technology, risks of real estate development and redevelopment, acquisitions and dispositions; the liquidity of real estate investments, governmental actions and initiatives (including legislative and regulatory changes); environmental and safety requirements; and terrorist activities or other acts of violence which could adversely affect all of the above factors.  The reader is directed to the Company's various filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2012, for a discussion of such risks and uncertainties, which discussion is incorporated herein by reference. The Company does not intend, and undertakes no obligation, to update any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events unless required by law to do so.

 (See attached tables)






THE MACERICH COMPANY

FINANCIAL HIGHLIGHTS

(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)















Results of Operations:








Results before 

Impact of 

Results after 


Discontinued Operations (a)

Discontinued Operations (a)

Discontinued Operations (a)


For the Three Months

For the Three Months

For the Three Months


Ended December 31,

Ended December 31,

Ended December 31,


Unaudited

Unaudited

Unaudited


2013

2012

2013

2012

2013

2012

Minimum rents 

$159,967

$140,157

($4,349)

($13,139)

$155,618

$127,018

Percentage rents   

13,107

12,451

(561)

(1,357)

12,546

11,094

Tenant recoveries

92,138

75,518

(2,223)

(6,507)

89,915

69,011

Management Companies' revenues

9,001

10,505

-

-

9,001

10,505

Other income

15,249

12,534

(192)

(955)

15,057

11,579

     Total revenues

289,462

251,165

(7,325)

(21,958)

282,137

229,207








Shopping center and operating  expenses 

91,643

82,275

(2,482)

(7,519)

89,161

74,756

Management Companies' operating  expenses 

24,459

18,657

-

-

24,459

18,657

REIT general and administrative expenses 

9,099

5,187

-

-

9,099

5,187

Depreciation and amortization 

95,061

85,004

(1,929)

(6,414)

93,132

78,590

Interest expense  

49,941

48,335

(2,353)

(4,081)

47,588

44,254

Loss on extinguishment of debt, net

655

32

(149)

(32)

506

-

     Total expenses

270,858

239,490

(6,913)

(18,046)

263,945

221,444

Equity in income of unconsolidated joint ventures 

22,103

10,657

-

-

22,103

10,657

Co-venture expense (b)

(2,633)

(2,061)

-

-

(2,633)

(2,061)

Income tax (expense) benefit 

(572)

1,999

-

-

(572)

1,999

Gain (loss) on remeasurement, sale or write down of assets, net

113,287

164,025

(152,418)

24,626

(39,131)

188,651

     Income (loss) from continuing operations

150,789

186,295

(152,830)

20,714

(2,041)

207,009








Discontinued operations:







     Gain (loss) on sale, disposition or write down of assets, net

-

-

152,269

(24,658)

152,269

(24,658)

     Income from discontinued operations

-

-

561

3,944

561

3,944

     Total income (loss) from discontinued operations

-

-

152,830

(20,714)

152,830

(20,714)








Net income 

150,789

186,295

-

-

150,789

186,295

Less net income attributable to noncontrolling interests

5,911

12,048

-

-

5,911

12,048

Net income attributable to the Company

$144,878

$174,247

$0

$0

$144,878

$174,247








Average number of shares outstanding - basic

140,724

136,975



140,724

136,975

Average shares outstanding, assuming full conversion of OP Units  (c)

150,348

147,254



150,348

147,254

Average shares outstanding - Funds From Operations ("FFO") - diluted (c) 

150,375

147,254



150,375

147,254








Per share income - diluted before discontinued operations

-

-



$0.01

$1.41

Net income per share-basic 

$1.03

$1.27



$1.03

$1.27

Net income per share - diluted  

$1.03

$1.27



$1.03

$1.27

Dividend declared per share 

$0.62

$0.58



$0.62

$0.58

FFO - basic  (c) (d)

$140,624

$132,577



$140,624

$132,577

FFO - diluted (c) (d)

$140,624

$132,577



$140,624

$132,577

FFO per share- basic   (c) (d)

$0.94

$0.90



$0.94

$0.90

FFO per share- diluted  (c) (d)

$0.94

$0.90



$0.94

$0.90

Adjusted FFO ("AFFO") per share- diluted  (c)(d)

$0.94

$0.90



$0.94

$0.90










THE MACERICH COMPANY

FINANCIAL HIGHLIGHTS

(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)















Results of Operations:








Results before 

Impact of 

Results after 


Discontinued Operations (a)

Discontinued Operations (a)

Discontinued Operations (a)


For the Twelve Months

For the Twelve Months 

For the Twelve Months 


Ended December 31,

Ended December 31,

Ended December 31,


Unaudited

Unaudited

Unaudited


2013

2012

2013

2012

2013

2012

Minimum rents 

$611,888

$503,130

($33,775)

($55,809)

$578,113

$447,321

Percentage rents   

24,594

24,731

(1,438)

(3,343)

23,156

21,388

Tenant recoveries

355,625

276,827

(17,853)

(29,234)

337,772

247,593

Management Companies' revenues

40,192

41,235

-

-

40,192

41,235

Other income

51,928

46,000

(1,686)

(6,020)

50,242

39,980

     Total revenues

1,084,227

891,923

(54,752)

(94,406)

1,029,475

797,517








Shopping center and operating  expenses 

349,225

285,589

(19,430)

(33,666)

329,795

251,923

Management Companies' operating  expenses 

93,461

85,610

-

-

93,461

85,610

REIT general and administrative expenses 

27,772

20,412

-

-

27,772

20,412

Depreciation and amortization 

374,425

307,193

(17,260)

(29,572)

357,165

277,621

Interest expense  

211,787

183,148

(14,540)

(18,756)

197,247

164,392

Gain on extinguishment of debt, net

(2,684)

(119,926)

1,252

119,926

(1,432)

-

     Total expenses

1,053,986

762,026

(49,978)

37,932

1,004,008

799,958

Equity in income of unconsolidated joint ventures 

167,580

79,281

-

-

167,580

79,281

Co-venture expense (b)

(8,864)

(6,523)

-

-

(8,864)

(6,523)

Income tax benefit 

1,692

4,159

-

-

1,692

4,159

Gain (loss) on remeasurement, sale or write down of assets, net

258,310

159,575

(285,162)

69,115

(26,852)

228,690

     Income from continuing operations

448,959

366,389

(289,936)

(63,223)

159,023

303,166








Discontinued operations:







     Gain on sale, disposition or write down of assets, net

-

-

286,414

50,811

286,414

50,811

     Income from discontinued operations

-

-

3,522

12,412

3,522

12,412

     Total income from discontinued operations

-

-

289,936

63,223

289,936

63,223








Net income 

448,959

366,389

-

-

448,959

366,389

Less net income attributable to noncontrolling interests

28,869

28,963

-

-

28,869

28,963

Net income attributable to the Company

$420,090

$337,426

$0

$0

$420,090

$337,426








Average number of shares outstanding - basic

139,598

134,067



139,598

134,067

Average shares outstanding, assuming full conversion of OP Units  (c)

149,444

144,937



149,444

144,937

Average shares outstanding - Funds From Operations ("FFO") - diluted (c) 

149,526

144,937



149,526

144,937








Per share income - diluted before discontinued operations

-

-



$1.06

$2.07

Net income per share-basic 

$3.01

$2.51



$3.01

$2.51

Net income per share - diluted  

$3.00

$2.51



$3.00

$2.51

Dividend declared per share 

$2.36

$2.23



$2.36

$2.23

FFO - basic  (c) (d)

$527,574

$577,862



$527,574

$577,862

FFO - diluted (c) (d)

$527,574

$577,862



$527,574

$577,862

FFO per share- basic   (c) (d)

$3.53

$3.99



$3.53

$3.99

FFO per share- diluted  (c) (d)

$3.53

$3.99



$3.53

$3.99

Adjusted FFO ("AFFO") per share- diluted  (c)(d)

$3.53

$3.18



$3.53

$3.18















THE MACERICH COMPANY


FINANCIAL HIGHLIGHTS


(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

















 (a)

The Company has classified the results of operations on dispositions as discontinued operations for the three and twelve months ended December 31, 2013 and 2012.









 (b)

This represents the outside partners' allocation of net income in the Chandler Fashion Center/Freehold Raceway Mall joint venture.









 (c)

The Macerich Partnership, L.P. (the "Operating Partnership" or the "OP") has operating partnership units ("OP units"). OP units can be converted into shares of Company common stock. Conversion of the OP units not owned by the Company has been assumed for purposes of calculating FFO per share and the weighted average number of shares outstanding. The computation of average shares for FFO - diluted includes the effect of share and unit-based compensation plans, stock warrants and convertible senior notes using the treasury stock method. It also assumes conversion of MACWH, LP preferred and common units to the extent they are dilutive to the calculation.









 (d)

The Company uses FFO in addition to net income to report its operating and financial results and considers FFO and FFO-diluted as supplemental measures for the real estate industry and a supplement to Generally Accepted Accounting Principles ("GAAP") measures. The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from extraordinary items and sales of depreciated operating properties, plus real estate related depreciation and amortization, impairment write-downs of real estate and write-downs of investments in an affiliate where the write-downs have been driven by a decrease in the value of real estate held by the affiliate and after adjustments for unconsolidated joint ventures. Adjustments for unconsolidated joint ventures are calculated to reflect FFO on the same basis.






Adjusted FFO ("AFFO") excludes the FFO impact of Shoppingtown Mall and Valley View Center for the three and twelve months ended December 31, 2012. In December 2011, the Company conveyed Shoppingtown Mall to the lender by a deed-in-lieu of foreclosure. In July 2010, a court-appointed receiver assumed operational control of Valley View Center and responsibility for managing all aspects of the property. Valley View Center was sold by the receiver on April 23, 2012, and the related non-recourse mortgage loan obligation was fully extinguished on that date. On May 31, 2012, the Company conveyed Prescott Gateway to the lender by a deed-in-lieu of foreclosure and the debt was forgiven resulting in a gain on extinguishment of debt of $16.3 million. AFFO also excludes the gain on extinguishment of debt on Prescott Gateway for the twelve months ended December 31, 2012.






FFO and FFO on a diluted basis are useful to investors in comparing operating and financial results between periods. This is especially true since FFO excludes real estate depreciation and amortization, as the Company believes real estate values fluctuate based on market conditions rather than depreciating in value ratably on a straight-line basis over time. The Company believes that AFFO and AFFO on a diluted basis provide useful supplemental information regarding the Company's performance as they show a more meaningful and consistent comparison of the Company's operating performance and allow investors to more easily compare the Company's results without taking into account non-cash credits and charges on properties controlled by either a receiver or loan servicer. FFO and AFFO on a diluted basis are measures investors find most useful in measuring the dilutive impact of outstanding convertible securities. FFO and AFFO do not represent cash flow from operations as defined by GAAP, should not be considered as an alternative to net income (loss) as defined by GAAP, and are not indicative of cash available to fund all cash flow needs. The Company also cautions that FFO and AFFO as presented, may not be comparable to similarly titled measures reported by other real estate investment trusts.








THE MACERICH COMPANY


FINANCIAL HIGHLIGHTS


(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)


















Reconciliation of Net income attributable to the Company to FFO and AFFO (d):










 For the Three
Months 

 For the Twelve
Months





Ended December 31,

Ended December 31,





 Unaudited 

 Unaudited 





2013

2012

2013

2012



Net income attributable to the Company


$144,878

$174,247

$420,090

$337,426











Adjustments to reconcile net income attributable to the Company to FFO - basic and diluted:







   Noncontrolling interests in OP


10,033

13,784

29,637

27,359



   Gain on remeasurement, sale or write down of consolidated assets, net


(113,287)

(164,025)

(258,310)

(159,575)



        plus gain (loss) on undepreciated asset sales - consolidated assets


308

(390)

2,546

(390)



        plus non-controlling interests share of (loss) gain on remeasurement, sale or write down of consolidated joint ventures, net


(5,245)

(1,636)

(2,082)

1,899



   (Gain) loss on remeasurement, sale or write down of assets from unconsolidated entities (pro rata), net


(3,295)

9,273

(94,372)

(2,019)



        plus gain on undepreciated asset sales - unconsolidated entities (pro rata)


169

1,163

602

1,163



   Depreciation and amortization on consolidated assets 


95,061

85,004

374,425

307,193



   Less depreciation and amortization allocable to noncontrolling interests on consolidated joint ventures


(5,514)

(4,609)

(19,928)

(18,561)



   Depreciation and amortization on joint ventures (pro rata) 


20,396

22,991

86,866

96,228



   Less: depreciation on personal property 


(2,880)

(3,225)

(11,900)

(12,861)



Total FFO - basic and diluted


$140,624

$132,577

$527,574

$577,862











Additional adjustments to arrive at AFFO - diluted (d):








    Shoppingtown Mall


-

25

-

422



    Valley View Center


-

11

-

(101,105)



    Prescott Gateway


-

-

-

(16,296)



Total AFFO- diluted


$140,624

$132,613

$527,574

$460,883



















Reconciliation of EPS to FFO and AFFO per diluted share (d):










 For the Three
Months

 For the Twelve
Months





Ended December 31,

Ended December 31,





 Unaudited 

 Unaudited 





2013

2012

2013

2012



Earnings per share - diluted


$1.03

$1.27

$3.00

$2.51



   Per share impact of depreciation and amortization of real estate


0.72

0.68

2.88

2.57



   Per share impact of gain on remeasurement, sale or write down of assets


(0.81)

(1.05)

(2.35)

(1.09)



FFO per share - diluted


$0.94

$0.90

$3.53

$3.99



   Per share impact - Shoppingtown Mall, Valley View Center and Prescott Gateway 

0.00

0.00

0.00

(0.81)



AFFO per share - diluted


$0.94

$0.90

$3.53

$3.18











THE MACERICH COMPANY


FINANCIAL HIGHLIGHTS


(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)




















 For the Three
Months

 For the Twelve
Months



Reconciliation of Net income attributable to the Company to EBITDA:


Ended December 31,

Ended December 31,





 Unaudited 

 Unaudited 





2013

2012

2013

2012











Net income attributable to the Company


$144,878

$174,247

$420,090

$337,426











   Interest expense - consolidated assets


49,941

48,335

211,787

183,148



   Interest expense - unconsolidated entities (pro rata)


17,330

21,419

69,224

97,978



   Depreciation and amortization - consolidated assets


95,061

85,004

374,425

307,193



   Depreciation and amortization - unconsolidated entities (pro rata)


20,396

22,991

86,866

96,228



   Noncontrolling interests in OP


10,033

13,784

29,637

27,359



   Less: Interest expense and depreciation and amortization allocable to noncontrolling interests on consolidated joint ventures


(8,387)

(7,408)

(31,397)

(30,019)



   Loss (gain) on extinguishment of debt - consolidated entities


655

32

(2,684)

(119,926)



   Gain on extinguishment of debt - unconsolidated entities (pro rata)


-

-

(352)

-



   Gain on remeasurement, sale or write down of assets - consolidated assets, net


(113,287)

(164,025)

(258,310)

(159,575)



   (Gain) loss on remeasurement, sale or write down of assets - unconsolidated entities (pro rata), net

(3,295)

9,273

(94,372)

(2,019)



   Add: Non-controlling interests share of  (loss) gain on sale of consolidated assets, net

(5,245)

(1,636)

(2,082)

1,899



   Income tax expense (benefit)


572

(1,999)

(1,692)

(4,159)



   Distributions on preferred units


184

184

735

783











EBITDA (e)


$208,836

$200,201

$801,875

$736,316



























Reconciliation of EBITDA to Same Centers - Net Operating Income ("NOI"):


















 For the Three
Months 

 For the Twelve
Months





Ended December 31,

Ended December 31,





 Unaudited 

 Unaudited 





2013

2012

2013

2012



EBITDA (e)


$208,836

$200,201

$801,875

$736,316











Add: REIT general and administrative expenses


9,099

5,187

27,772

20,412



        Management Companies' revenues


(9,001)

(10,505)

(40,192)

(41,235)



        Management Companies' operating  expenses 


24,459

18,657

93,461

85,610



        Lease termination income, straight-line and above/below market adjustments 








          to minimum rents of comparable centers


(1,823)

(3,753)

(10,979)

(17,178)



        EBITDA of non-comparable centers


(40,119)

(27,311)

(142,310)

(83,121)











Same Centers - NOI (f)


$191,451

$182,476

$729,627

$700,804


















(e)

EBITDA represents earnings before interest, income taxes, depreciation, amortization, noncontrolling interests, extraordinary items, gain (loss) on remeasurement, sale or write down of assets and preferred dividends and includes joint ventures at their pro rata share. Management considers EBITDA to be an appropriate supplemental measure to net income because it helps investors understand the ability of the Company to incur and service debt and make capital expenditures. EBITDA should not be construed as an alternative to operating income as an indicator of the Company's operating performance, or to cash flows from operating activities (as determined in accordance with GAAP) or as a measure of liquidity. EBITDA, as presented, may not be comparable to similarly titled measurements reported by other companies.









(f)

The Company presents same center NOI because the Company believes it is useful for investors to evaluate the operating performance of comparable centers. Same center NOI is calculated using total EBITDA and subtracting out EBITDA from non-comparable centers and eliminating the management companies and the Company's general and administrative expenses. Same center NOI excludes the impact of lease termination income and straight-line and above/below market adjustments to minimum rents.

 

 

 

SOURCE The Macerich Company

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"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
You want to start your DevOps journey but where do you begin? Do you say DevOps loudly 5 times while looking in the mirror and it suddenly appears? Do you hire someone? Do you upskill your existing team? Here are some tips to help support your DevOps transformation. Conor Delanbanque has been involved with building & scaling teams in the DevOps space globally. He is the Head of DevOps Practice at MThree Consulting, a global technology consultancy. Conor founded the Future of DevOps Thought Leade...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, and innovation. But in order to get to that collaboration rainbow, you need the cloud! In this presentation, we'll cover three areas: First - the rainbow of benefits from cloud collaboration. There are many different reasons why more and more companies and institutions are moving to the cloud. Benefits include: cost savings (reducing on-prem infrastructure, reducing data center foot print, redu...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...