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Republic Services, Inc. Reports First Quarter Results

- Company reports earnings of $0.37 per share; $0.43 as adjusted

PHOENIX, April 24, 2014 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today reported net income of $132.5 million, or $0.37 per diluted share, for the three months ended March 31, 2014, versus $124.6 million, or $0.34 per diluted share, for the comparable 2013 period.

Republic Services, Inc. logo

Republic's net income for the three months ended March 31, 2014 and 2013, includes certain expenses and benefits that impacted its results. A detail of these expenses and benefits is contained in the Reconciliation of Certain Non-GAAP Measures section of this document.  Excluding these items, net income for the three months ended March 31, 2014 and 2013, would have been $154.3 million, or $0.43 per diluted share, and $167.4 million, or $0.46 per diluted share, respectively. Adjusted net income and adjusted diluted earnings per share for the current quarter exclude an environmental remediation charge of $21.8 million, net of tax or $0.06 per share.

"The Company performed well in the first quarter despite severe winter weather conditions," said Donald W. Slager, president and chief executive officer. "We continued to see positive momentum in our business, which was consistent with our expectations. We generated strong free cash flow in the first quarter and returned approximately $226 million to shareholders through share repurchases and dividends."

Excluding certain expenses and benefits recorded during the three months ended March 31, 2014 and 2013, as described in the Reconciliation of Certain Non-GAAP Measures section of this document, adjusted earnings before interest, taxes, depreciation, depletion, amortization and accretion (adjusted EBITDA) for the three months ended March 31, 2014, would have been $574.8 million, or 27.7 percent of revenue, compared to $569.3 million, or 28.5 percent of revenue, for the comparable 2013 period.

Revenue for the three months ended March 31, 2014, increased to $2,073.7 million from $1,998.6 million for the comparable 2013 period. This increase in revenue of 3.8 percent was made up of increases in average yield of 1.2 percent, fuel recovery fees of 0.1 percent, volume of 1.5 percent, recycled commodities of 0.4 percent and acquisitions, net of divestitures of 0.6 percent.

Company Declares Quarterly Dividend

Republic also announced that its Board of Directors declared a regular quarterly dividend of $0.26 per share for stockholders of record on July 1, 2014. The dividend will be paid on July 15, 2014.

About Republic Services

Republic is an industry leader in the U.S. non-hazardous solid waste and recycling industry. Through its subsidiaries, Republic's collection companies, transfer stations, recycling centers and landfills focus on providing reliable environmental services and solutions for commercial, industrial, municipal and residential customers. Republic and its employees believe in protecting the planet and applying common sense solutions to customers' waste and recycling challenges.

Republic participates in investor presentations and conferences throughout the year. Interested parties can find a schedule of these conferences at republicservices.com by selecting "Calendar" on the investor relations page. Audio and other presentations from earnings calls and investor conferences are also available on the investor relations page of the website.

SUPPLEMENTAL UNAUDITED FINANCIAL INFORMATION

AND OPERATING DATA







REPUBLIC SERVICES, INC.

CONSOLIDATED BALANCE SHEETS

 (in millions, except per share amounts)








March 31,


December 31,


2014


2013


(Unaudited)




ASSETS

Current assets:






Cash and cash equivalents

$

175.8



$

213.3


Accounts receivable, less allowance for doubtful accounts of $37.1 and $38.3, respectively

873.2



890.7


Prepaid expenses and other current assets

139.6



200.3


Deferred tax assets

118.3



117.6


Total current assets

1,306.9



1,421.9


Restricted cash and marketable securities

161.7



169.7


Property and equipment, net

7,053.4



7,036.8


Goodwill

10,727.7



10,724.1


Other intangible assets, net

301.1



315.8


Other assets

291.7



280.9


Total assets

$

19,842.5



$

19,949.2


LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:






Accounts payable

$

491.1



$

511.4


Notes payable and current maturities of long-term debt

5.4



15.7


Deferred revenue

307.1



301.8


Accrued landfill and environmental costs, current portion

201.6



178.7


Accrued interest

69.6



68.2


Other accrued liabilities

622.6



641.3


Total current liabilities

1,697.4



1,717.1


Long-term debt, net of current maturities

7,007.9



7,002.4


Accrued landfill and environmental costs, net of current portion

1,464.1



1,464.3


Deferred income taxes and other long-term tax liabilities

1,166.1



1,185.4


Self-insurance reserves, net of current portion

310.6



294.9


Other long-term liabilities

371.7



379.0


Commitments and contingencies






Stockholders' equity:






Preferred stock, par value $0.01 per share; 50 shares authorized; none issued




Common stock, par value $0.01 per share; 750 shares authorized; 411.7 and 411.0 issued including shares held in treasury, respectively

4.1



4.1


Additional paid-in capital

6,788.1



6,764.9


Retained earnings

2,671.9



2,632.7


Treasury stock, at cost (54.5 and 50.6 shares, respectively)

(1,643.5)



(1,501.2)


Accumulated other comprehensive income, net of tax

1.4



3.0


Total Republic Services, Inc. stockholders' equity

7,822



7,903.5


Noncontrolling interests

2.7



2.6


Total stockholders' equity

7,824.7



7,906.1


Total liabilities and stockholders' equity

$

19,842.5



$

19,949.2


 

REPUBLIC SERVICES, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

 (in millions, except per share data)








Three Months Ended March 31,


2014


2013

Revenue

$

2,073.7



$

1,998.6


Expenses:






Cost of operations

1,321.2



1,223.1


Depreciation, amortization and depletion

213.1



209.6


Accretion

19.5



19.2


Selling, general and administrative

213.8



206.5


Negotiation and withdrawal costs - Central States Pension and Other Funds



62.2


Gain on disposition of assets and impairments, net



(1.1)


Restructuring charges



4.9


Operating income

306.1



274.2


Interest expense

(87.0)



(89.6)


Loss on extinguishment of debt



(1.8)


Interest income

0.1



0.3


Other income, net

1.0



0.2


Income before income taxes

220.2



183.3


Provision for income taxes

87.6



58.4


Net income

132.6



124.9


Net income attributable to noncontrolling interests

(0.1)



(0.3)


Net income attributable to Republic Services, Inc.

$

132.5



$

124.6


Basic earnings per share attributable to Republic Services, Inc. stockholders:






Basic earnings per share

$

0.37



$

0.34


Weighted average common shares outstanding

359.8



362.7


Diluted earnings per share attributable to Republic Services, Inc. stockholders:






Diluted earnings per share

$

0.37



$

0.34


 Weighted average common and common equivalent shares outstanding

361.0



364.1


Cash dividends per common share

$

0.260



$

0.235


 

REPUBLIC SERVICES, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

 (in millions)


Three Months Ended March 31,


2014


2013

Cash provided by operating activities:






Net income

$

132.6



$

124.9


Adjustments to reconcile net income to cash provided by operating activities:






Depreciation, amortization, depletion and accretion

232.6



228.8


Non-cash interest expense

11.2



11.8


Restructuring related charges



4.9


Stock-based compensation

6.7



7.7


Deferred tax benefit

(19.2)



(17.6)


Provision for doubtful accounts, net of adjustments

3.4



2.9


Loss on extinguishment of debt



1.8


Gain on disposition of assets, net and asset impairments

(1.6)



(3.1)


Withdrawal liability - Central States Pension Fund and Other Funds



57.9


Environmental adjustments

36.2



5.8


Excess income tax benefit from stock option exercises and other non-cash items

0.4



(0.1)


Change in assets and liabilities, net of effects from business acquisitions and divestitures:






Accounts receivable

14.0



18.8


Prepaid expenses and other assets

(4.4)



(4.3)


Accounts payable

(22.1)



(11.9)


Restructuring and synergy related expenditures



(7.2)


Capping, closure and post-closure expenditures

(8.7)



(26.7)


Remediation expenditures

(27.1)



(18.9)


Other liabilities

42.4



44.3


Cash provided by operating activities

396.4



419.8


Cash used in investing activities:






Purchases of property and equipment

(213.7)



(214.8)


Proceeds from sales of property and equipment

2.5



3.2


Cash used in business acquisitions and development projects, net of cash acquired

(6.2)



(10.2)


Cash proceeds from divestitures, net of cash divested



1.0


Change in restricted cash and marketable securities

8.0



(0.1)


Other

(0.7)



(0.8)


Cash used in investing activities

(210.1)



(221.7)


Cash used in financing activities:






Proceeds from notes payable and long-term debt



702.9


Payments of notes payable and long-term debt

(13.8)



(745.5)


Fees paid to issue tax exempt financings



(1.2)


Issuances of common stock

15.9



59.9


Excess income tax benefit from stock option exercises

0.2



0.4


Purchases of common stock for treasury

(132.2)



(67.2)


Cash dividends paid

(93.7)



(84.9)


Other

(0.2)




Cash used in financing activities

(223.8)



(135.6)


(Decrease) increase in cash and cash equivalents

(37.5)



62.5


Cash and cash equivalents at beginning of year

213.3



67.6


Cash and cash equivalents at end of period

$

175.8



$

130.1


You should read the following information in conjunction with our audited consolidated financial statements and notes thereto appearing in our Annual Report on Form 10-K as of and for the year ended December 31, 2013.  All amounts below are in millions and as a percentage of our revenue, except per share data.

REVENUE

The following table reflects our total revenue by line of business for the three months ended March 31, 2014 and 2013 (in millions of dollars and as a percentage of revenue):


Three Months Ended March 31,


2014


2013

Collection:








   Residential

$

537.9


26.0%


$

535.2


26.8%

   Commercial

664.2


32.0


643.3


32.2

   Industrial

402.4


19.4


376.8


18.8

   Other

9.0


0.4


8.3


0.4

      Total collection

1,613.5


77.8


1,563.6


78.2

Transfer

237.6




233.3



Less: Intercompany

(148.6)




(141.8)



   Transfer, net

89.0


4.3


91.5


4.6

Landfill

446.3




431.6



Less: Intercompany

(209.5)




(207.2)



   Landfill, net

236.8


11.4


224.4


11.2

Sale of recycled commodities

95.5


4.6


88.0


4.4

   Other non-core

38.9


1.9


31.1


1.6

   Other

134.4


6.5


119.1


6.0

Total revenue

$

2,073.7


100.0%


$

1,998.6


100.0%









The following table reflects changes in our revenue for the three months ended March 31, 2014 and 2013:


Three Months Ended March 31,


2014


2013

Average yield

1.2%


1.2%

Fuel recovery fees

0.1


0.3

   Total price

1.3


1.5

Volume

1.5


(0.5)

Workday impact


(0.5)

Total volume

1.5


(1.0)

Recycled commodities

0.4


(0.2)

Total internal growth

3.2


0.3

Acquisitions / divestitures, net

0.6


0.5

Total

3.8%


0.8%





Core price

3.2%


3.2%





COST OF OPERATIONS

The following table summarizes the major components of our cost of operations for the three months ended March 31, 2014 and 2013 (in millions of dollars and as a percentage of revenue):


Three Months Ended March 31,


2014


2013

Labor and related benefits

$

416.0


20.1%


$

400.5


20.0%

Transfer and disposal costs

150.5


7.3


142.7


7.1

Maintenance and repairs

182.9


8.8


173.5


8.7

Transportation and subcontract costs

114.4


5.5


104.6


5.2

Fuel

129.3


6.2


127.6


6.4

Franchise fees and taxes

96.9


4.7


96.3


4.8

Landfill operating costs

35.1


1.7


40.9


2.1

Risk management

42.9


2.1


41.5


2.1

Cost of goods sold

39.9


1.9


28.3


1.4

Other

77.2


3.7


67.2


3.4

Subtotal

1,285.1


62.0


1,223.1


61.2

Bridgeton remediation

36.1


1.7



Total cost of operations

$

1,321.2


63.7%


$

1,223.1


61.2%

These cost categories may change from time to time and may not be comparable to similarly titled categories used by other companies.  As such, you should take care when comparing our cost of operations by cost component to that of other companies.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

The following table summarizes our selling, general and administrative expenses for the three months ended March 31, 2014 and 2013 (in millions of dollars and as a percentage of revenue):


Three Months Ended March 31,


2014


2013

Salaries

$

141.8


6.8%


$

137.1


6.9%

Provision for doubtful accounts

3.4


0.2


2.9


0.1

Other

68.6


3.3


66.5


3.3

Total selling, general and administrative expenses

$

213.8


10.3%


$

206.5


10.3%









These cost categories may change from time to time and may not be comparable to similarly titled categories used by other companies.  As such, you should take care when comparing our selling, general and administrative expenses by cost component to those of other companies.

RECONCILIATION OF CERTAIN NON-GAAP MEASURES

Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Accretion

The following table calculates earnings before interest, taxes, depreciation, depletion, amortization and accretion (EBITDA), which is not a measure determined in accordance with U.S. generally accepted accounting principles (U.S. GAAP), for the three months ended March 31, 2014 and 2013:


Three Months Ended March 31,


2014


2013

Net income attributable to Republic Services, Inc.

$

132.5



$

124.6


Net income attributable to noncontrolling interests

0.1



0.3


Provision for income taxes

87.6



58.4


Other income, net

(1.0)



(0.2)


Interest income

(0.1)



(0.3)


Loss on extinguishment of debt



1.8


Interest expense

87.0



89.6


Depreciation, amortization and depletion

213.1



209.6


Accretion

19.5



19.2


EBITDA

$

538.7



$

503.0


We believe that presenting EBITDA is useful to investors because it provides important information concerning our operating performance exclusive of certain non-cash and other costs.  EBITDA demonstrates our ability to execute our financial strategy, which includes reinvesting in existing capital assets to ensure a high level of customer service, investing in capital assets to facilitate growth in our customer base and services provided, maintaining our investment grade credit rating and minimizing debt, paying cash dividends, repurchasing our common stock, and maintaining and improving our market position through business optimization.  This measure has limitations. Although depreciation, depletion, amortization and accretion are considered operating costs in accordance with U.S. GAAP, they represent the allocation of non-cash costs generally associated with long-lived assets acquired or constructed in prior years.  Our definition of EBITDA may not be comparable to similarly titled measures presented by other companies.

Adjusted Earnings

Reported diluted earnings per share were $0.37 for the three months ended March 31, 2014, as compared to $0.34 for the same period in 2013.  During the three months ended March 31, 2014 and 2013, we recorded a number of charges, other expenses and net gain on disposition of assets that impacted our EBITDA, pre-tax income, net income attributable to Republic Services, Inc. (Net Income – Republic) and diluted earnings per share.  These items primarily consist of the following:



Three Months Ended March 31, 2014


Three Months Ended March 31, 2013









Net


Diluted








Net


Diluted






Pre-tax


Income -


Earnings





Pre-tax


Income -


Earnings



EBITDA


Income


Republic


per Share


EBITDA


Income


Republic


per Share

As reported


$

538.7



$

220.2



$

132.5



$

0.37



$

503.0



$

183.3



$

124.6



$

0.34

Negotiation and withdrawal costs - Central States Pension and Other Funds










62.2



62.2



38.7



0.11

Restructuring charges










4.9



4.9



3.5



0.01

Loss on extinguishment of debt













1.8



1.1



Gain on disposition of assets and impairments, net










(0.8)



(0.8)



(0.5)



Bridgeton remediation


36.1



36.1



21.8



0.06









Adjusted


$

574.8



$

256.3



$

154.3



$

0.43



$

569.3



$

251.4



$

167.4



$

0.46

























We believe that presenting adjusted EBITDA, adjusted pre-tax income, adjusted net income attributable to Republic Services, Inc., and adjusted diluted earnings per share, which are not measures determined in accordance with U.S. GAAP, provides an understanding of operational activities before the financial impact of certain items.  We use these measures, and believe investors will find them helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate impact on our results for a particular period.  We have incurred comparable charges and costs in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods.  In the case of the Bridgeton remediation charges, we are adjusting such amounts due to their significant effect on our operating results.  However, in the ordinary course of our business, we often incur remediation adjustments that we do not adjust from our operating results.  Our definitions of adjusted EBITDA, adjusted pre-tax income, adjusted net income attributable to Republic Services Inc., and adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies.

Adjusted Free Cash Flow

The following table calculates our adjusted free cash flow, which is not a measure determined in accordance with U.S. GAAP, for the three months ended March 31, 2014 and 2013:


Three Months Ended March 31,


2014



2013


Cash provided by operating activities

$

396.4



$

419.8


Property and equipment received

(215.8)



(217.1)


Proceeds from sales of property and equipment

2.5



3.2


Cash paid related to negotiation and withdrawal costs - Central States Pension and Other Funds, net of tax

2.5



2.6


Restructuring payments, net of tax



4.3


Adjusted free cash flow

$

185.6



$

212.8


We believe that presenting adjusted free cash flow provides useful information regarding our recurring cash provided by operating activities after certain payments.  It also demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation.  The presentation of adjusted free cash flow has material limitations.  Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments.  Our definition of adjusted free cash flow may not be comparable to similarly titled measures presented by other companies.

Purchases of property and equipment as reflected on our consolidated statements of cash flows and the adjusted free cash flow presented above represent amounts paid during the period for such expenditures.  A reconciliation of property and equipment reflected on our consolidated statements of cash flows to property and equipment received during the period is as follows for the three months ended March 31, 2014 and 2013:



Three Months Ended March 31,



2014


2013

Purchases of property and equipment per the unaudited consolidated statements of cash flows


$

213.7



$

214.8


Adjustments for property and equipment received during the prior period but paid for in the following period, net


2.1



2.3


Property and equipment received during the period


$

215.8



$

217.1









The adjustments noted above do not affect our net change in cash and cash equivalents as reflected in our consolidated statements of cash flows.

ACCOUNTS RECEIVABLE

As of March 31, 2014 and December 31, 2013, accounts receivable were $873.2 million and $890.7 million, net of allowance for doubtful accounts of $37.1 million and $38.3 million, resulting in days sales outstanding of 38 (or 25 net of deferred revenue) and 38 (or 25 net of deferred revenue), respectively.

CASH DIVIDENDS

In January 2014, we paid a cash dividend of $93.7 million to stockholders of record as of January 2, 2014.  As of March 31, 2014, we recorded a quarterly dividend payable of $92.9 million to stockholders of record at the close of business on April 1, 2014, which was paid on April 15, 2014. 

STOCK REPURCHASE PROGRAM

We have had a share repurchase program since November 2010.  From November 2010 to March 31, 2014, we repurchased 39.4 million shares of our stock for $1,171.3 million at a weighted average cost per share of $29.76.  During the three months ended March 31, 2014, we repurchased 3.9 million shares of our stock for $132.2 million at a weighted average cost per share of $33.89.

As of March 31, 2014, we had 357.2 million shares of common stock issued and outstanding.

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

This document contains certain forward-looking information about us that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are statements that are not historical facts.  Words such as "guidance," "expect," "will," "may," "anticipate," "plan," "estimate," "project," "intend," "should," "can," "likely," "could," "outlook," and similar expressions are intended to identify forward-looking statements.  These statements include statements about our plans, strategies and prospects. Forward-looking statements are not guarantees of performance.  These statements are based upon the current beliefs and expectations of our management and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.  Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot assure you that the expectations will prove to be correct.  Among the factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements are:

  • general economic and market conditions, including inflation and changes in commodity pricing, fuel, interest rates, labor, risk, health insurance and other variable costs that generally are not within our control, and our exposure to credit and counterparty risk;
  • whether our estimates and assumptions concerning our selected balance sheet accounts, income tax accounts, the recoverability of long-lived assets, the depletion and amortization of landfill development costs, accruals for final capping, closure and post-closure costs, available airspace, valuation allowances for accounts receivable, self-insurance, liabilities for potential litigation, claims and assessments, and liabilities for environmental remediation, employee benefit and pension plans, and labor, fuel rates and economic and inflationary trends, turn out to be correct or appropriate;
  • competition and demand for services in the solid waste industry;
  • price increases to our customers may not be adequate to offset the impact of increased costs, including labor, third-party disposal and fuel, and may cause us to lose volume;
  • our ability to manage growth and execute our growth strategy;
  • our compliance with, and future changes in, environmental and flow control regulations and our ability to obtain approvals from regulatory agencies in connection with operating and expanding our landfills;
  • the impact on us of our substantial indebtedness, including on our ability to obtain financing on acceptable terms to finance our operations and growth strategy and to operate within the limitations imposed by financing arrangements;
  • our ability to retain our investment grade ratings for our debt;
  • our dependence on key personnel;
  • our dependence on large, long-term collection, transfer and disposal contracts;
  • our business is capital intensive and may consume cash in excess of cash flow from operations;
  • any exposure to environmental liabilities or remediation requirements, to the extent not adequately covered by insurance, could result in substantial expenses;
  • risks associated with undisclosed liabilities of acquired businesses;
  • risks associated with pending and future legal proceedings, including litigation, audits or investigations brought by or before any governmental body;
  • severe weather conditions, which could impair our financial results by causing increased costs, loss of revenue, reduced operational efficiency or disruptions to our operations;
  • compliance with existing and future legal and regulatory requirements, including limitations or bans on disposal of certain types of wastes or on the transportation of waste, which could limit our ability to conduct or grow our business, increase our costs to operate or require additional capital expenditures;
  • potential increases in our expenses if we are required to provide additional funding to any multiemployer pension plan to which we contribute or if a withdrawal event or events occur with respect to any multiemployer pension plan to which we contribute;
  • the negative impact on our operations of union organizing campaigns, work stoppages or labor shortages;
  • the negative effect that trends toward requiring recycling, waste reduction at the source and prohibiting the disposal of certain types of wastes could have on volumes of waste going to landfills;
  • changes by the Financial Accounting Standards Board or other accounting regulatory bodies to generally accepted accounting principles or policies; and
  • acts of war, riots or terrorism, including the continuing war on terrorism, as well as actions taken or to be taken by the United States or other governments as a result of further acts or threats of terrorism, and the impact of these acts on economic, financial and social conditions in the United States.

The risks included here are not exhaustive. Refer to "Part I, Item 1A — Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2013, for further discussion regarding our exposure to risks.  Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements.  You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof.  Except to the extent required by applicable law or regulation, we undertake no obligation to update or publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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SOURCE Republic Services, Inc.

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"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
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 session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...