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MasTec Announces Second Quarter Results In-line with Guidance

- Q2 Revenue of $1.1 Billion

CORAL GABLES, Fla., Aug. 11, 2014 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced 2014 second quarter financial results in-line with guidance issued in June 2014.

Second quarter 2014 revenue increased 13% to $1.1 billion from $978 million for the prior year quarter.  The quarterly revenue increase was driven by a 23% increase in the Oil & Gas segment, a 49% increase in the Power Generation segment and a 6% increase in the Communications segment, reflecting lower wireless project revenue growth levels as indicated in the Company's June 2014 guidance. Net income from continuing operations was $32.1 million, or $0.37 per diluted share compared to $35.5 million, or $0.42 per diluted share for the second quarter of 2013.

Second quarter 2014 adjusted net income from continuing operations, a non-GAAP measure, was $34.7 million compared to $39.9 million in 2013. Second quarter 2014 continuing operations adjusted diluted earnings per share, a non-GAAP measure, was $0.40, compared to $0.47 last year.  Second quarter 2014 continuing operations adjusted EBITDA, also a non-GAAP measure, was $106 million compared to $110 million in 2013.

Adjusted net income from continuing operations, continuing operations adjusted diluted earnings per share and continuing operations adjusted EBITDA, non-GAAP measures, exclude the impact of discontinued operations, loss on extinguishment of debt from the 2013 refinancing of our senior notes due 2017, the 2013 Sintel litigation charge and non-cash stock based compensation expense. Reconciliations of these and other non-GAAP measures to GAAP-reported measures are attached.

Jose R. Mas, MasTec's Chief Executive Officer, commented, "We had a challenging second quarter, primarily because of slowdown in revenue growth of wireless projects.  Our guidance for the second half of 2014 reflects reduced levels of expected wireless project revenue, when compared to prior year, and we have taken and will continue to take steps to mitigate the impact of these reduced revenue levels. We anticipate a return to a more normalized level of wireless project revenue in 2015."

Mr. Mas continued, "We are very encouraged by the long term outlook in all our businesses. The recently completed acquisition of Pacer Construction will be an important part of MasTec's future expansion in the growing Canadian energy infrastructure market, including oil sands, oil and gas, high-voltage electrical infrastructure and LNG markets.

Mr. Mas concluded, "We see unprecedented bidding opportunity in multiple markets.  We continue to see excellent growth opportunities in oil & gas, electrical transmission, wireless, power generation and 1-gigabit fiber expansion. In fact, subsequent to quarter end, we were awarded a contract for approximately a quarter of a billion dollars of 1-gigabit fiber deployment work, which was not included in our second quarter backlog number. In short, we are well positioned for growth in numerous markets throughout North America and expect 2015 to be a strong year for both revenue growth and profit margin expansion." 

George Pita, MasTec's Executive Vice President and CFO, added, "We improved cash flow from operations during the second quarter, and expect strong cash flow from operations during the second half of the year. During the second quarter, we retired our $115 million principal amount of senior convertible notes that matured in June and expanded our senior credit facility to $1 billion, while adding the capability to borrow in Mexican pesos.  These transactions both lower our financing costs on a rate basis and further strengthen our financial flexibility to pursue strategic growth opportunities in the markets we serve across North America."  

The Company currently estimates fiscal year 2014 revenue of $4.4 to $4.5 billion. 2014 continuing operations adjusted EBITDA, a non-GAAP measure, is estimated at $420- $425 million, with continuing operations adjusted diluted earnings per share, a non–GAAP measure, at $1.55 to  $1.58.

For the third quarter of 2014, the Company expects revenue of approximately $1.30 - $1.35 billion.  Third quarter 2014 continuing operations adjusted EBITDA, a non-GAAP measure, is estimated at $132 million with continuing operations adjusted diluted earnings per share, a non-GAAP measure, of approximately $0.56.

Reconciliations of these and other non-GAAP measures to GAAP-reported measures are attached.

Management will hold a conference call to discuss these results on Tuesday, August 12, 2014 at 9:00 a.m. Eastern time.  The call-in number for the conference call is (913) 312-0687 and the replay number is (719) 457-0820, with a pass code of 6006689.  The replay will be available for 30 days.  Additionally, the call will be broadcast live over the Internet and can be accessed and replayed through the Investors section of the Company's website at www.mastec.com.

Summary financial statements for the quarters are as follows:


Condensed Unaudited Consolidated Statements of Operations

(In thousands, except per share amounts)




For the Three Months Ended

June 30,



2014


2013






Revenue                                                                                  

$

1,104,556

$

977,624

Costs of revenue, excluding depreciation and amortization


950,889


822,655

Depreciation and amortization


36,755


33,602

General and administrative expenses


54,237


51,900

Interest expense, net


12,949


11,838

Other (income) expense, net


(2,051)


322

   Income from continuing operations before income taxes

$

51,777

$

57,307

Provision for income taxes


(19,714)


(21,776)

   Net income from continuing operations

$

32,063

$

35,531

Discontinued operations:





   Net loss from discontinued operations

$

(149)

$

(484)

Net income

$

31,914

$

35,047

   Net (loss) income attributable to non-controlling interests


(136)


106

            Net income attributable to MasTec, Inc.

$

32,050

$

34,941











Earnings per share:





Basic earnings (loss) per share:





   Continuing operations

$

0.41

$

0.46

   Discontinued operations


(0.00)


(0.01)

          Total basic earnings per share

$

0.41

$

0.46

   Basic weighted average common shares outstanding


78,269


76,741






Diluted earnings (loss) per share:   





   Continuing operations

$

0.37

$

0.42

   Discontinued operations


(0.00)


(0.01)

          Total diluted earnings per share

$

0.37

$

0.41

   Diluted weighted average common shares outstanding


86,730


84,558

 

 

                                               

Condensed Unaudited Consolidated Balance Sheets

(In thousands)




June 30,

2014


December 31,

2013

Assets





Current assets, including discontinued operations

$

1,489,652

$

1,307,026

Property and equipment, net


618,672


488,132

Goodwill and other intangibles, net


1,213,725


1,067,650

Long-term assets, including discontinued operations


73,821


60,390

        Total assets

$

3,395,870

$

2,923,198






Liabilities and Equity





Current liabilities, including discontinued operations

$

868,474

$

829,225

Acquisition-related contingent consideration, net of current portion


116,929


112,370

Long-term debt


1,088,666


765,425

Long-term deferred tax liabilities, net     


186,538


154,763

Other liabilities


43,949


40,357

Equity


1,091,314


1,021,058

        Total liabilities and equity

$

3,395,870

$

2,923,198

 

 


Condensed Unaudited Consolidated Statements of Cash Flows

(In thousands)




For the Six Months Ended

June 30,



2014


2013

Net cash provided by operating activities

$

55,319

$

22,857

Net cash used in investing activities


(221,142)


(168,017)

Net cash provided by financing activities


159,167


132,272

     Net decrease in cash and cash equivalents


(6,656)


(12,888)

Net effect of currency translation on cash


(347)


(274)

Cash and cash equivalents - beginning of period


22,927


26,767

Cash and cash equivalents - end of period


15,924


13,605

    Cash and cash equivalents of discontinued operations


-


310

    Cash and cash equivalents of continuing operations

$

15,924

$

13,295






 

 

 

Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures - Unaudited

(In millions, except for percentages and per share amounts)




For the Three Months Ended

June 30,


For the Six Months Ended

June 30,

Segment Information


2014


2013


2014


2013










Revenue by Reportable Segment









Communications

$

528.1

$             $

496.6

$

975.2

$

921.6

Oil and Gas


365.7


296.9


745.5


615.7

Electrical Transmission


114.5


118.6


194.6


203.1

Power Generation and Industrial


94.5


63.3


148.8


152.2

Other


2.7


3.4


5.4


5.7

Eliminations


(0.9)


(1.2)


(0.9)


(2.0)

Consolidated revenue

$

1,104.6

$

977.6

$

2,068.6

$

1,896.3





















For the Three Months Ended

June 30,


For the Six Months Ended

June 30,



2014


2013


2014


2013

EBITDA by Reportable Segment – Continuing Operations









Communications

$

57.9

$

63.4

$

101.4

$

109.8

Oil and Gas


35.7


51.2


70.6


93.6

Electrical Transmission


17.0


11.5


20.5


14.9

Power Generation and Industrial


4.0


(8.0)


4.5


(8.2)

Other


0.3


0.4


0.5


0.4

Corporate


(13.4)


(15.8)


(24.4)


(34.3)

   EBITDA – continuing operations

$

101.5

$

102.7

$

173.1

$

176.2










   Non-cash stock-based compensation expense


4.2


4.3


7.5


6.6

   Loss on debt extinguishment


-


-


-


5.6

   Sintel legal settlement


-


2.8


-


2.8

Adjusted EBITDA – continuing operations

$

105.7

$

109.8

$

180.6

$

191.2





















For the Three Months Ended

June 30,


For the Six Months Ended

June 30,



2014


2013


2014


2013

EBITDA Margin by Reportable Segment – Continuing Operations









Communications


11.0%


12.8%


10.4%


11.9%

Oil and Gas


9.8%


17.2%


9.5%


15.2%

Electrical Transmission


14.9%


9.7%


10.5%


7.3%

Power Generation and Industrial


4.2%


(12.6)%


3.0%


(5.4)%

Other


11.3%


10.5%


8.5%


7.8%

Corporate


NA


NA


NA


NA

EBITDA margin  – continuing operations


9.2%


10.5%


8.4%


9.3%










   Non-cash stock-based compensation expense


0.4%


0.4%


0.4%


0.3%

   Loss on debt extinguishment


-


-


-


0.3%

   Sintel legal settlement


-


0.3%


-


0.1%

Adjusted EBITDA margin – continuing operations


9.6%


11.2%


8.7%


10.1%

 

 


Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures - Unaudited

(In millions, except for percentages and per share amounts)




For the Three Months Ended


For the Six Months

Ended



March 31,

2014


June 30,

2014


June 30,

2014

EBITDA and Adjusted EBITDA Reconciliation – Continuing Operations







Net income from continuing operations

$

16.2

$

32.1

$

48.3

Interest expense, net


12.0


12.9


25.0

Provision for income taxes


9.9


19.7


29.6

Depreciation and amortization


33.5


36.8


70.2

EBITDA - continuing operations

$

71.6

$

101.5

$

173.1

Non-cash stock-based compensation expense


3.3


4.2


7.5

Adjusted EBITDA - continuing operations

$

74.9

$

105.7

$

180.6















EBITDA and Adjusted EBITDA Margin Reconciliation – Continuing Operations







Net income from continuing operations


1.7%


2.9%


2.3%

Interest expense, net


1.2%


1.2%


1.2%

Provision for income taxes


1.0%


1.8%


1.4%

Depreciation and amortization


3.5%


3.3%


3.4%

EBITDA margin - continuing operations


7.4%


9.2%


8.4%

Non-cash stock-based compensation expense


0.3%


0.4%


0.4%

Adjusted EBITDA margin - continuing operations


7.8%


9.6%


8.7%





For the Three Months Ended


For the Six Months

Ended



March 31,

2013


June 30,

2013


June 30,

2013

EBITDA and Adjusted EBITDA Reconciliation – Continuing Operations







Net income from continuing operations

$

19.3

$

35.5

$

54.9

Interest expense, net


10.0


11.8


21.9

Provision for income taxes


12.3


21.8


34.1

Depreciation and amortization


31.8


33.6


65.4

EBITDA - continuing operations

$

73.5

$

102.7

$

176.2

Non-cash stock-based compensation expense


2.4


4.3


6.6

Loss on debt extinguishment


5.6


-


5.6

Sintel legal settlement


-


2.8


2.8

Adjusted EBITDA - continuing operations

$

81.4

$

109.8

$

191.2








EBITDA and Adjusted EBITDA Margin Reconciliation – Continuing Operations







Net income from continuing operations


2.1%


3.6%


2.9%

Interest expense, net


1.1%


1.2%


1.2%

Provision for income taxes


1.3%


2.3%


1.8%

Depreciation and amortization


3.5%


3.4%


3.4%

EBITDA margin - continuing operations


8.0%


10.5%


9.3%

Non-cash stock-based compensation expense


0.3%


0.4%


0.3%

Loss on extinguishment of debt


0.6%


-


0.3%

Sintel legal settlement


-


0.3%


0.1%

Adjusted EBITDA margin - continuing operations


8.9%


11.2%


10.1%

 

 

Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures - Unaudited

(In millions, except for percentages and per share amounts)




For the Three Months Ended


For the Six Months

Ended



March 31, 2014


June 30, 2014


June 30, 2014

Adjusted Net Income Reconciliation







Net income from continuing operations

$

16.2

$

32.1

$

48.3

Non-cash stock-based compensation expense, net of tax


2.0


2.6


4.6








Adjusted net income from continuing operations

$

18.2

$

34.7

$

52.9

Loss from discontinued operations, net of tax


(0.1)


(0.1)


(0.3)

Adjusted net income

$

18.1

$

34.5

$

52.6

















For the Three Months Ended


For the Six Months

Ended



March 31, 2014


June 30, 2014


June 30, 2014

Adjusted Diluted EPS Reconciliation







Diluted earnings per share – continuing operations

$

0.19

$

0.37

$

0.56








Non-cash stock-based compensation expense, net of tax


0.02


0.03


0.05








Adjusted diluted earnings per share - continuing operations

$

0.21

$

0.40

$

0.61

Diluted loss per share – discontinued operations


(0.00)


(0.00)


(0.00)

Adjusted diluted earnings per share

$

0.21

$

0.40

$

0.61





For the Three Months Ended


For the Six Months

Ended



March 31, 2013


June 30, 2013


June 30, 2013

Adjusted Net Income Reconciliation







Net income from continuing operations

$

19.3

$

35.5

$

54.9








Non-cash stock-based compensation expense, net of tax


1.4


2.6


4.1

Loss on debt extinguishment, net of tax


3.4


-


3.5

Sintel legal settlement, net of tax


-


1.7


1.7








Adjusted net income from continuing operations

$

24.2

$

39.9

$

64.1

Loss from discontinued operations, net of tax


(0.9)


(0.5)


(1.4)

Adjusted net income

$

23.2

$

39.4

$

62.7

















For the Three Months Ended


For the Six Months

Ended



March 31, 2013


June 30, 2013


June 30, 2013

Adjusted Diluted EPS Reconciliation







Diluted earnings per share – continuing operations

$

0.23

$

0.42

$

0.65








Non-cash stock-based compensation expense, net of tax


0.02


0.03


0.05

Loss on debt extinguishment, net of tax


0.04


-


0.04

Sintel legal settlement, net of tax


-


0.02


0.02








Adjusted diluted earnings per share - continuing operations

$

0.29

$

0.47

$

0.76

Diluted loss per share – discontinued operations


(0.01)


(0.01)


(0.02)

Adjusted diluted earnings per share

$

0.28

$

0.47

$

0.74

 

 

 

Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures - Unaudited

(In millions, except for percentages and per share amounts)




Guidance for the

Three Months Ended

September 30,



For the

Three Months Ended

September 30,



2014 Est.



2013

EBITDA and Adjusted EBITDA Reconciliation – Continuing Operations












Net income from continuing operations

$

45


$

49.9

Interest expense, net


13



12.7

Provision for income taxes


28



31.7

Depreciation and amortization


42



37.8

EBITDA - continuing operations

$

128


$

132.1

Non-cash stock-based compensation expense


4



3.0

Adjusted EBITDA  - continuing operations

$

132


$

135.1













EBITDA and Adjusted EBITDA Margin Reconciliation –     Continuing Operations












Net income from continuing operations


3.3% - 3.5%



3.9%

Interest expense, net


0.9% - 1.0%



1.0%

Provision for income taxes


2.0% - 2.1%



2.5%

Depreciation and amortization


3.1% - 3.3%



3.0%

EBITDA margin  - continuing operations


9.5% - 9.8%



10.4%







Non-cash stock-based compensation expense


0.3%



0.2%

Adjusted EBITDA margin - continuing operations


9.8% - 10.2%



10.6%















Guidance for the

Three Months Ended

September 30,



For the

Three Months Ended

September 30,



2014 Est.



2013

Adjusted Net Income from Continuing Operations and Adjusted Diluted EPS – Continuing Operations Reconciliation






Adjusted Net Income from Continuing Operations Reconciliation






Net income from continuing operations

$

45


$

49.9

Non-cash stock-based compensation expense, net of tax


3



1.8

Adjusted net income from continuing operations

$

48


$

51.8















Guidance for the

Three Months Ended

September 30,



For the

Three Months Ended

September 30,



2014 Est.



2013

Adjusted Diluted EPS Reconciliation -  Continuing Operations






Diluted earnings per share – continuing operations

$

0.52


$

0.59

Non-cash stock-based compensation                 expense, net of tax


0.03



0.02

Adjusted diluted earnings per share - continuing operations

$

0.56


$

0.61











 

 

 

Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures - Unaudited

(In millions, except for percentages and per share amounts)




Guidance for

the Year Ended

December 31,


For the

Year Ended

December 31,


For the

Year Ended

December 31,



2014 Est.


2013


2012

EBITDA and Adjusted EBITDA Reconciliation– Continuing Operations














Net income from continuing operations

$

123 - 126

$

147.7

$

116.6

Interest expense, net


50


46.4


37.4

Provision for income taxes


76 - 77


92.5


76.1

Depreciation and amortization


156


140.9


92.0

EBITDA - continuing operations

$

404 - 409

$

427.6

$

322.1

Non-cash stock-based compensation expense


16


12.9


4.4

Loss on debt extinguishment


-


5.6


-

Sintel legal settlement


-


2.8


9.6

Adjusted EBITDA - continuing operations

$

420 - 425

$

448.9

$

336.1








EBITDA and Adjusted EBITDA Margin Reconciliation – Continuing Operations














Net income from continuing operations


2.8%


3.4%


3.1%

Interest expense, net


1.1%


1.1%


1.0%

Provision for income taxes


1.7%


2.1%


2.0%

Depreciation and amortization


3.5%


3.3%


2.5%

EBITDA margin- continuing operations


9.1% - 9.2%


9.9%


8.6%

Non-cash stock-based compensation expense


0.4%


0.3%


0.1%

Loss on debt extinguishment


-


0.1%


-

Sintel legal settlement


-


0.1%


0.3%

Adjusted EBITDA margin - continuing operations


9.5% - 9.6%


10.4%


9.0%

 



Guidance for

the Year Ended

  December 31,


For the

Year Ended

 December 31,


For the

Year Ended

December 31,



2014 Est.


2013


2012

Adjusted Net Income from Continuing Operations and Adjusted Diluted EPS – Continuing Operations Reconciliations














Adjusted Net Income from Continuing Operations Reconciliation







Net income from continuing operations

$

123 - 126

$

147.7

$

116.6

Non-cash stock-based compensation expense, net of tax


10


8.0


2.7

Loss on debt extinguishment, net of tax


-


3.5


-

Sintel legal settlement, net of tax


-


1.7


5.8

Adjusted net income from continuing operations

$

133 - 136

$

160.8

$

125.1

















Guidance for

the Year Ended

December 31,


For the

Year Ended

December 31,


For the
Year Ended
December 31,



2014 Est.


2013


2012

Adjusted Diluted EPS Reconciliation – Continuing Operations







Diluted earnings per share – continuing operations

$

1.43 - 1.47

$

1.74

$

1.42








Non-cash stock-based compensation expense, net of tax


0.12


0.09


0.03

Loss on debt extinguishment, net of tax


-


0.04


-

Sintel legal settlement, net of tax


-


0.02


0.07

Adjusted diluted earnings per share - continuing operations

$

1.55 - 1.58

$

1.90

$

1.53










Tables may contain differences due to rounding.

MasTec, Inc. is a leading infrastructure construction company operating mainly throughout North America across a range of industries. The Company's primary activities include the engineering, building, installation, maintenance and upgrade of energy, utility and communications infrastructure, such as: electrical utility transmission and distribution; natural gas and petroleum pipeline infrastructure; wireless, wireline and satellite communications; power generation, including renewable energy infrastructure; and industrial infrastructure.  MasTec's customers are primarily in these industries.  The Company's corporate website is located at www.mastec.com.  The Company's website should be considered as a recognized channel of distribution, and the Company may periodically post important, or supplemental, information regarding contracts, awards or other related news on the Presentations/Webcasts page in the Investors section therein.  Jose Mas, CEO of MasTec, has led the Company since April of 2007.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to a number of risks, uncertainties, and assumptions, including the effect of economic downturns on demand for our services, reduced capital expenditures by our customers, reduced financing availability, customer consolidation and technological and regulatory changes in the industries we serve; market conditions, technological developments and regulatory changes that affect us or our customers' industries; trends in electricity, oil, natural gas and other energy source prices; our ability to accurately estimate the costs associated with our fixed price and other contracts, including any material changes in estimates for completion of projects, and performance on such projects; customer disputes related to our performance of services; disputes with, or failures of, our subcontractors to deliver agreed-upon supplies or services in a timely fashion; any material changes in estimates for legal costs or case settlements or adverse determinations on any claim, lawsuit or proceeding; our ability to replace non-recurring projects with new projects; the timing and extent of fluctuations in geographic, weather, equipment and operational factors affecting the industries in which we operate; our ability to attract and retain qualified personnel, key management and skilled employees, including from acquired businesses, and our ability to enforce any noncompetition agreements, integrate acquired businesses within expected timeframes and achieve the revenue, cost savings and earnings levels from such acquisitions at or above the levels projected; any exposure related to divested businesses; any exposure resulting from system or information technology interruptions or data security breaches; the impact of U.S. federal, local or state tax legislation and other regulations affecting renewable energy, electricity prices, electrical transmission, oil and gas production, broadband and related projects and expenditures; the effect of state and federal regulatory initiatives, including costs of compliance with existing and future environmental requirements; increases in fuel, maintenance, materials, labor and other costs; fluctuations in foreign currencies; risks associated with operating in international markets, which could restrict our ability to expand globally and harm our business and prospects or any failure to comply with laws applicable to our foreign activities; the highly competitive nature of our industry; our dependence on a limited number of customers; the ability of our customers, including our largest customers, to terminate or reduce the amount of work, or in some cases, the prices paid for services on short or no notice under our contracts; the impact of any unionized workforce on our operations, including labor availability and relations; liabilities associated with multi-employer pension plans, including underfunding and withdrawal liabilities, for our operations that employ unionized workers; the adequacy of our insurance, legal and other reserves and allowances for doubtful accounts; the collectability of amounts owed us by our customers; restrictions imposed by our credit facility, senior notes, convertible notes and any future loans or securities; our ability to obtain performance and surety bonds; the outcome of our plans for future operations, growth and services, including business development efforts and cost reduction measures, backlog, acquisitions and dispositions; any dilution or stock price volatility that shareholders may experience in connection with shares we may issue as consideration for earn-out obligations or as purchase consideration in connection with past or future acquisitions, or as a result of conversions of convertible notes or other stock issuances; liabilities associated with our participation in joint ventures and other losses associated with non-consolidated investees; our ability to settle conversions of our convertible notes in cash due to contractual restrictions, including those contained in our credit facility, and the availability of cash; as well as other risks detailed in our filings with the Securities and Exchange Commission. Actual results may differ significantly from results expressed or implied in these statements.  We do not undertake any obligation to update forward-looking statements.

SOURCE MasTec, Inc.

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Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
SYS-CON Events announced today that Outscale will exhibit at 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. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
SYS-CON Events announced today that Loom Systems will exhibit at 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. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
SYS-CON Events announced today that DivvyCloud will exhibit at 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. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
SYS-CON Events announced today that Tintri, Inc, a leading provider of enterprise cloud infrastructure, will exhibit at 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. Tintri offers an enterprise cloud platform built with public cloud-like web services and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds – to build agile development environments...
SYS-CON Events announced today that Progress, a global leader in application development, 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. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...
SYS-CON Events announced today that Tappest will exhibit MooseFS at 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. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
SYS-CON Events announced today that EARP will exhibit at 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. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that Interoute 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. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
SYS-CON Events announced today that Carbonite will exhibit at 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. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at 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. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...