Welcome!

News Feed Item

Black Box Corporation Reports First Quarter of Fiscal 2015 Results

Black Box Corporation (NASDAQ:BBOX), a leading technology solutions provider dedicated to helping customers design, build, manage, and secure their IT infrastructure, today reported results for the first quarter of Fiscal 2015.

1Q15 Results

  • Revenues were $245.2 million, down 1% from $246.9 million for the same period last year and up 3% from $238.3 million in the sequential period.
  • Provision for income taxes was $3.5 million (47.2% effective rate), down 22% from $4.5 million (39.5% effective rate) for the same period last year and compared to benefit from income taxes of $11.1 million (7.6% effective rate) in the sequential period.
  • Net income was $3.9 million, down 43% from $6.9 million for the same period last year and compared to net loss of $135.0 million in the sequential period.
  • Diluted earnings per share was $0.25, down 41% from $0.43 for the same period last year and compared to diluted loss per share of $8.65 in the sequential period.
  • Operating net income* was $6.4 million, down 27% from $8.7 million for the same period last year and down 16% from $7.6 million in the sequential period.
  • Operating EPS* was $0.41, down 24% from $0.54 for the same period last year and down 15% from $0.48 in the sequential period.
  • Cash flow used for operations was $5.9 million compared to cash flow provided by operations of $20.5 million for the same period last year and cash flow provided by operations of $28.4 million in the sequential period.
  • We provided $4.4 million to our shareholders by repurchasing $3.0 million of common stock and paying $1.4 million in dividends.

* See the information under the caption "Non-GAAP Financial Measures" below for a discussion regarding the usefulness of the non-GAAP financial measures contained in this release, definitions of those non-GAAP financial measures and reconciliations to their most directly comparable GAAP financial measures.

Commenting on the first quarter of Fiscal 2015 results, Michael McAndrew, President and Chief Executive Officer, said, "I am very pleased with the sequential quarter and year over year growth in North America Services revenue and consolidated revenue backlog. These are indicators that our growth programs are gaining traction and our team is delivering desired outcomes to our clients.

"We will continue to invest in our transformation with a focus on efficiently delivering innovative IT product and service solutions to our clients. I am confident that these initiatives will continue to widen our competitive advantage and drive value for our shareholders."

Guidance

For the second quarter of Fiscal 2015, the Company is targeting:

  • Revenues in the range of $250 million to $255 million.
  • Operating earnings per share in the range of $0.50 to $0.55.

For Fiscal 2015, the Company is targeting:

  • Revenues in the range of $990 million to $1.01 billion.
  • Operating earnings per share in the range of $2.07 to $2.27.

Included in these targets is an effective tax rate of 39.0%. These targets exclude intangibles amortization, restructuring expense and the impact of changes in the fair market value of the Company's interest-rate swaps, and are before any new mergers and acquisition activity that has not been announced.

Earnings Conference Call

The Company will conduct a conference call beginning at 5:00 p.m. Eastern Daylight Time today, July 29, 2014. Michael McAndrew, President and Chief Executive Officer, will host the call. To participate in the call, please dial 612-332-0107 approximately 15 minutes prior to the starting time and ask to be connected to the Black Box Earnings Call. A replay of the conference call will be available for one week after the teleconference by dialing 320-365-3844 and using access code 331159. A live, listen-only audio webcast of the call will be available through a link on the Investor Relations page of the Company's Web site at http://www.blackbox.com. A webcast replay of the call will also be archived on Black Box's Web site for a limited period of time following the conference call.

About Black Box

Black Box is a leading technology solutions provider dedicated to helping customers design, build, manage, and secure their IT infrastructure. Black Box delivers high-value products and services through its global presence and approximately 4,000 team members. To learn more, visit the Black Box Web site at http://www.blackbox.com.

Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc.

Any forward-looking statements contained in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date of this release. You can identify these forward-looking statements by the fact that they use words such as "should," "anticipate," "estimate," "approximate," "expect," "target," "may," "will," "project," "intend," "plan," "believe" and other words of similar meaning and expression in connection with any discussion of future operating or financial performance. One can also identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Although it is not possible to predict or identify all risk factors, they may include levels of business activity and operating expenses, expenses relating to corporate compliance requirements, cash flows, global economic and business conditions, successful integration of acquisitions, the timing and costs of restructuring programs, successful marketing of the Company's product and services offerings, successful implementation of the Company's M&A program, including identifying appropriate targets, consummating transactions and successfully integrating the businesses, successful implementation of our government contracting programs, competition, changes in foreign, political and economic conditions, fluctuating foreign currencies compared to the U.S. dollar, rapid changes in technologies, client preferences, the Company's arrangements with suppliers of voice equipment and technology, government budgetary constraints and various other matters, many of which are beyond the Company's control. Additional risk factors are included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2014. We can give no assurance that any goal, plan or target set forth in forward-looking statements will be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. We undertake no obligation to release publicly any revisions to forward-looking statements as a result of future events or developments and caution you not to unduly rely on any such forward-looking statements.

BLACK BOX CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS

   
In millions and may not foot due to rounding   June 28, 2014   March 31, 2014
Assets
Cash and cash equivalents $ 27.8 $ 30.8
Accounts receivable, net 171.2 156.5
Inventories, net 53.7 52.2
Costs/estimated earnings in excess of billings on uncompleted contracts 88.0 89.8
Other assets 24.7     27.0  
Total current assets 365.4 356.3
Property, plant and equipment, net 29.3 29.1
Goodwill, net 193.2 193.0
Intangibles, net 96.0 98.6
Other assets 32.4     35.0  
Total assets $ 716.3     $ 712.0  
Liabilities
Accounts payable $ 69.7 $ 64.6
Accrued compensation and benefits 20.0 26.1
Deferred revenue 30.8 33.8
Billings in excess of costs/estimated earnings on uncompleted contracts 16.8 15.9
Income taxes 1.2 3.2
Other liabilities 35.6     37.0  
Total current liabilities 174.2 180.6
Long-term debt 170.5 160.4
Other liabilities 19.6     19.8  
Total liabilities $ 364.3 $ 360.9
Stockholders’ equity
Common stock $ $
Additional paid-in capital 494.7 492.4
Retained earnings 251.6 249.2
Accumulated other comprehensive income 7.5 7.3
Treasury stock, at cost (401.8 )   (397.9 )
Total stockholders’ equity $ 352.0     $ 351.1  
Total liabilities and stockholders’ equity $ 716.3     $ 712.0  
 

BLACK BOX CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

     
In millions, except per share amounts and may not foot due to rounding   1Q15   4Q14   1Q14
Revenues
Products $ 43.2 $ 46.2 $ 48.2
Services 202.0     192.1     198.7
Total 245.2 238.3 246.9
Cost of sales
Products 25.3 27.0 28.5
Services 144.7     135.7     141.4
Total 170.0 162.6 169.9
Gross profit 75.2 75.6 77.0
Selling, general & administrative expenses 64.0 63.4 61.3
Goodwill impairment loss 154.4
Intangibles amortization 2.7     2.7     3.3
Operating income (loss) 8.6 (144.9 ) 12.5
Interest expense, net 1.1 1.1 0.9
Other expenses (income), net     0.1     0.1
Income (loss) before provision for income taxes 7.5 (146.1 ) 11.4
Provision (benefit) for income taxes 3.5     (11.1 )   4.5
Net income (loss) $ 3.9     $ (135.0 )   $ 6.9
Earnings (loss) per common share
Basic $ 0.25     $ (8.65 )   $ 0.43
Diluted $ 0.25     $ (8.65 )   $ 0.43
Weighted-average common shares outstanding
Basic 15.5     15.6     16.1
Diluted 15.6     15.6     16.2
Dividends per share   $ 0.10     $ 0.09     $ 0.09
 

BLACK BOX CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

     
In millions and may not foot due to rounding   1Q15   4Q14   1Q14
Operating Activities
Net income (loss) $ 3.9 $ (135.0 ) $ 6.9
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities
Intangibles amortization 2.7 2.7 3.3
Depreciation 1.7 1.6 1.4
Loss (gain) on sale of property
Deferred taxes 2.4 (13.7 ) 2.1
Stock compensation expense 2.3 1.1 2.4
Change in fair value of interest-rate swaps (0.2 ) (0.2 ) (0.5 )
Goodwill impairment loss 154.4
Joint venture investment loss
Changes in operating assets and liabilities (net of acquisitions)
Accounts receivable, net (14.5 ) 11.4 7.5
Inventories, net (1.4 ) 0.5 1.0
Costs/estimated earnings in excess of billings on uncompleted contracts 1.7 2.1 4.3
All other assets 2.8 (2.0 ) (0.1 )
Billings in excess of costs/estimated earnings on uncompleted contracts 0.9 0.3 2.4
Accounts payable 5.2 4.4 (2.6 )
All other liabilities (13.4 )   0.9     (7.7 )
Net cash provided by (used for) operating activities $ (5.9 ) $ 28.4 $ 20.5
Investing Activities
Capital expenditures $ (1.9 ) $ (1.8 ) $ (2.0 )
Capital disposals
Prior merger-related (payments)/recoveries          
Net cash provided by (used for) investing activities $ (1.9 ) $ (1.8 ) $ (2.0 )
Financing Activities
Proceeds (repayments) from long-term debt $ 10.1 $ (18.9 ) $ (9.4 )
Proceeds (repayments) from short-term debt 0.8 (1.7 ) (0.1 )
Purchase of treasury stock (3.9 ) (3.0 ) (6.8 )
Proceeds from the exercise of stock options
Payment of dividends (1.4 ) (1.4 ) (1.3 )
Increase (decrease) in cash overdrafts (0.2 )   0.2      
Net cash provided by (used for) financing activities $ 5.3 $ (24.9 ) $ (17.6 )
Foreign currency exchange impact on cash $ (0.6 )   $ 3.4     $ (0.1 )
Increase/(decrease) in cash and cash equivalents $ (3.0 ) $ 5.2 $ 0.9
Cash and cash equivalents at beginning of period 30.8     25.6     30.7  
Cash and cash equivalents at end of period $ 27.8     $ 30.8     $ 31.6  
 

Non-GAAP Financial Measures

As a supplement to United States Generally Accepted Accounting Principles ("GAAP"), the Company provides non-GAAP financial measures such as operating income before provision for income taxes ("EBIT"), operating net income, operating earnings per share ("EPS"), revenues excluding foreign currency, adjusted operating income, Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"), Adjusted EBITDA and free cash flow to illustrate the Company's operational performance. These non-GAAP financial measures are not prepared in accordance with GAAP, are not reported by all of the Company's competitors and may not be directly comparable to similarly-titled measures of the Company's competitors due to potential differences in the exact method of calculation. However, each of the amounts included in the calculation of non-GAAP financial measures are computed in accordance with GAAP. See below for reconciliations to the most directly comparable GAAP financial measures.

Management uses these non-GAAP financial measures (a) to evaluate the Company's historical and prospective financial performance as well as its performance relative to its competitors, (b) to set internal sales targets and associated operating budgets, (c) to allocate resources and (d) to measure operational profitability. Management uses similar non-GAAP measures as an important factor in determining variable compensation for Management and its team members.

Non-GAAP financial measures are not in accordance with, or an alternative for, GAAP financial measures. The Company's non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures, and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP.

Operating EBIT, operating net income and operating EPS

Management believes that operating EBIT, defined by the Company as net income (loss) plus provision (benefit) for income taxes and adjustments, operating net income, defined by the Company as operating EBIT less operational income taxes, and operating EPS, defined as operating net income divided by weighted average common shares outstanding (diluted), provide investors additional important information to enable them to assess, in the way Management assesses, the Company's current and future operations. Adjustments include intangibles amortization, the change in fair value of the interest-rate swaps, goodwill impairment loss and the joint venture investment loss, each of which are non-cash charges, and restructuring, which is a cash charge.

A reconciliation of Net income (loss) to operating EBIT and Operating net income is presented below:

In millions and may not foot due to rounding   1Q15   4Q14   1Q14
Net income (loss)   $ 3.9   $ (135.0 )   $ 6.9
Provision (benefit) for income taxes 3.5 (11.1 ) 4.5
Effective tax rate 47.2 %   7.6 %   39.5 %
Income (loss) before provision for income taxes $ 7.5 $ (146.1 ) $ 11.4
 
Adjustments
Intangible amortization $ 2.7 $ 2.7 $ 3.3
Change in fair value of interest-rate swaps (0.2 ) (0.2 ) (0.5 )
Restructuring expense 0.6 1.7 0.1
Goodwill impairment loss 154.4
Joint venture investment loss          
Total pre-tax adjustments $ 3.1 $ 158.6 $ 2.9
 
Operating EBIT $ 10.5 $ 12.6 $ 14.4
Operational effective tax rate 39.0 % 39.5 % 39.5 %
Operational income taxes (1) 4.1     5.0     5.7  
Operating net income   $ 6.4     $ 7.6     $ 8.7  

(1) The effective tax rate used to determine operational income taxes is based on the Company's projected full-year ordinary income tax expense and the projected full-year impact of certain discreet tax items.

A reconciliation of Diluted earnings (loss) per share to operating EPS is presented below:

    1Q15   4Q14   1Q14
Diluted earnings (loss) per share   $ 0.25   $ (8.65 )   $ 0.43
EPS impact * 0.16   9.13     0.11
Operating EPS   $ 0.41   $ 0.48     $ 0.54

* EPS impact is the result of excluding the provision for income taxes and the adjustments and utilizing an operational effective tax rate.

Revenues excluding foreign currency

Management is presented with and reviews revenues which exclude foreign currency and enable an investor to assess, in the way Management assesses, revenues from its core operations.

Information on quarterly revenues excluding foreign currency compared to the same period last year is presented below:

In millions and may not foot due to rounding   1Q15   1Q14   % Change
Revenues   $ 245.2   $ 246.9   (1 )%
Foreign currency impact - North America Products 0.1
Foreign currency impact - North America Services 0.3
Foreign currency impact - International Products (0.4 )
Foreign currency impact - International Services (0.4 )    
Revenues (excluding foreign currency)   $ 244.8     $ 246.9   (1 )%
 

Information on quarterly revenues excluding foreign currency compared to the sequential quarter is presented below:

In millions and may not foot due to rounding   1Q15   4Q14   % Change
Revenues   $ 245.2   $ 238.3   3 %
Foreign currency impact - North America Products
Foreign currency impact - North America Services
Foreign currency impact - International Products (0.1 )
Foreign currency impact - International Services      
Revenues (excluding foreign currency)   $ 245.0     $ 238.3   3 %
 

Segment Information

Management is presented with and reviews Revenues, Gross profit, Operating income (loss) and Adjusted operating income by segment. Management believes that Adjusted operating income, defined by the Company as Operating income (loss) plus adjustments, provides investors additional important information to enable them to assess, in the way Management assesses, the Company's current and future operations. Adjustments include intangibles amortization, goodwill impairment loss and restructuring expense.

A reconciliation of Operating income (loss) to Adjusted operating income (by segment) is presented below:

  1Q15   4Q14   1Q14
In millions and may not foot due to rounding   $   % of Rev   $   % of Rev   $   % of Rev
Revenues          
North America Products $ 19.7 $ 20.7 $ 21.0
International Products 23.5   25.6   27.2  
Total Products $ 43.2 $ 46.2 $ 48.2
North America Services $ 194.3 $ 183.5 $ 189.7
International Services 7.7   8.5   9.0  
Total Services $ 202.0   $ 192.1   $ 198.7  
Total $ 245.2 $ 238.3 $ 246.9
Gross profit
North America Products $ 8.0 40.3 % $ 8.4 40.5 % $ 8.9 42.4 %
International Products 10.0   42.5 % 10.9   42.6 % 10.8   39.8 %
Total Products $ 17.9 41.5 % $ 19.2 41.6 % $ 19.7 40.9 %
North America Services $ 55.2 28.4 % $ 54.8 29.9 % $ 55.2 29.1 %
International Services 2.1   26.7 % 1.6   18.8 % 2.1   23.6 %
Total Services $ 57.3   28.4 % $ 56.4   29.4 % $ 57.3   28.8 %
Total $ 75.2 30.7 % $ 75.6 31.7 % $ 77.0 31.2 %
Operating income (loss)
North America Products $ 1.4 7.3 % $ (41.2 ) (199.4 )% $ 1.1 5.2 %
International Products 0.3   1.3 % (18.8 ) (73.7 )% 1.6   6.1 %
Total Products $ 1.8 4.0 % $ (60.0 ) (129.9 )% $ 2.8 5.7 %
North America Services $ 6.2 3.2 % $ (79.8 ) (43.5 )% $ 9.4 5.0 %
International Services 0.6   7.5 % (5.1 ) (59.2 )% 0.3   3.1 %
Total Services $ 6.8   3.4 % $ (84.8 ) (44.2 )% $ 9.7   4.9 %
Total $ 8.6 3.5 % $ (144.9 ) (60.8 )% $ 12.5 5.0 %
Adjustments
North America Products $ $ 42.7 $
International Products 0.1   20.4    
Total Products $ 0.1 $ 63.2 $
North America Services $ 3.1 $ 90.5 $ 3.4
International Services   5.2    
Total Services $ 3.1   $ 95.7   $ 3.4  
Total $ 3.3 $ 158.8 $ 3.4
Adjusted operating income
North America Products $ 1.5 7.5 % $ 1.5 7.4 % $ 1.1 5.3 %
International Products 0.4   1.8 % 1.6   6.3 % 1.7   6.1 %
Total Products $ 1.9 4.4 % $ 3.2 6.8 % $ 2.8 5.8 %
North America Services $ 9.4 4.8 % $ 10.7 5.8 % $ 12.8 6.8 %
International Services 0.6   7.5 % 0.1   1.3 % 0.3   3.3 %
Total Services $ 9.9   4.9 % $ 10.8   5.6 % $ 13.1   6.6 %
Total   $ 11.8   4.8 %   $ 14.0     5.9 %   $ 15.9   6.4 %
 

EBITDA and Adjusted EBITDA

Management believes that EBITDA, defined as Net income (loss) plus provision (benefit) for income taxes, interest, depreciation and amortization, is a widely-accepted measure of profitability that may be used to measure the Company's ability to service its debt. Adjusted EBITDA, defined as EBITDA plus stock compensation expense, the goodwill impairment loss and the joint venture investment loss may also be used to measure the Company's ability to service its debt.

A reconciliation of Net income (loss) to EBITDA and Adjusted EBITDA is presented below:

In millions and may not foot due to rounding   1Q15   4Q14   1Q14
Net income (loss)   $ 3.9   $ (135.0 )   $ 6.9
Provision (benefit) for income taxes 3.5 (11.1 ) 4.5
Interest expense, net 1.1 1.1 0.9
Intangibles amortization 2.7 2.7 3.3
Depreciation 1.7   1.6     1.4
EBITDA $ 13.0 $ (140.7 ) $ 17.0
Stock compensation expense 2.3 1.1 2.4
Goodwill impairment loss 154.4
Joint venture investment loss      
Adjusted EBITDA   $ 15.3   $ 14.9     $ 19.5
 

Free cash flow

Management believes that free cash flow, defined by the Company as Net cash provided by (used for) operating activities less net capital expenditures, plus Proceeds from stock option exercises, plus or minus Foreign currency exchange impact on cash, is an important measurement of liquidity as it represents the total cash available to the Company.

A reconciliation of Net cash provided by (used for) operating activities to free cash flow is presented below:

In millions and may not foot due to rounding   1Q15   4Q14   1Q14
Net cash provided by (used for) operating activities   $ (5.9 )   $ 28.4   $ 20.5
Net capital expenditures (1.9 ) (1.8 ) (2.0 )
Foreign currency exchange impact on cash (0.6 )   3.4     (0.1 )
Free cash flow before stock option exercises $ (8.3 ) $ 30.1 $ 18.5
Proceeds from the exercise of stock options          
Free cash flow   $ (8.3 )   $ 30.1     $ 18.5  
 

Significant Balance Sheet ratios and Other Information

Information on certain balance sheet ratios, backlog and headcount is presented below:

Dollars In millions   1Q15   4Q14   1Q14
Days sales outstanding   57 days   54 days   51 days
Aggregate days sales outstanding 84 days 86 days 80 days
Net inventory turns 10.3x 9.3x 9.2x
Six-month order backlog $ 197.6 $ 183.4 $ 184.6
Team members 3,858 3,959 4,044
Net debt $ 142.8 $ 129.6 $ 146.7
Leverage ratio   2.6   2.3   2.2

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
"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...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...