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E-House Reports Second Quarter 2014 Results

SHANGHAI, Aug. 20, 2014 /PRNewswire-FirstCall/ -- E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced its unaudited financial results for the fiscal quarter ended June 30, 2014.

Second Quarter 2014 Financial Highlights

  • Total revenues increased by 29% year-on-year to $210.1 million
    • Revenues from real estate online services increased by 63% year-on-year to $117.3 million, including $68.3 million in revenues from e-commerce services, which grew by 159% year-on-year
    • Revenues from primary real estate agency services increased by 1% year-on-year to $63.3 million
    • Revenues from real estate information and consulting services increased by 9% year-on-year to $17.9 million
  • Non-GAAP[1] income from operations increased by 41% year-on-year to $23.7 million, from $16.8 million in the same period in 2013
  • Non-GAAP net income attributable to E-House shareholders increased by 34% year-on-year, from $15.3 million, or $0.11 per diluted American depositary share ("ADS"), to $20.6 million, or $0.14 per diluted ADS

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

First Half 2014 Financial Highlights

  • Total revenues increased by 33% year-on-year to $373.5 million
    • Revenues from real estate online services increased by 75% year-on-year to $195.8 million, including $118.0 million in revenues from e-commerce services, which grew by 188% year-on-year
    • Revenues from primary real estate agency services increased by 3% year-on-year to $122.6 million
    • Revenues from real estate information and consulting services increased by 27% year-on-year to $35.6 million
  • Non-GAAP income from operations increased by 93% year-on-year from $17.6 million for the first half of 2013 to $33.8 million for the first half of 2014
  • Non-GAAP net income attributable to E-House shareholders increased by 66% year-on-year, from $19.5 million, or $0.15 per diluted ADS, to $32.4 million, or $0.22 per diluted ADS

Xin Zhou, E-House's co-chairman and CEO, said, "We are pleased that E-House continued its overall strong growth in the second quarter despite continued softness in China's real estate market. In particular, our online services unit Leju continued its strong growth momentum. The real estate market in China experienced a substantial slowdown this year, which has prompted the adoption of relaxed policies by local governments of many cities, resulting in a moderate recovery in transaction volume. At the same time, many developers have shown flexibility in pricing and have increased their marketing efforts. We are hopeful that these initiatives by the government and developers will gradually improve market sentiment in the second half of this year."

Mr. Zhou added, "In July, E-House officially launched multiple new products and services, including our real estate financial services platform, Fang Jin Suo, our online-to-offline (O2O) mobile community services app, Shi Hui, and our home price ratings website and related mobile app, Fangjiadp. In addition, Leju completed its mobile e-commerce platform 2.0 upgrade, and expanded its strategic alliances with secondary brokerage firms. As a result, we have now successfully set up five independent yet synergistic platforms, namely, online services, brokerage services, information and consulting services, financial services, and community value-added services. We will continue to focus on enhancing the content and features of the new products we've launched and on expanding our service coverage and user base in the second half of the year. We will also establish clear revenue models for those new services and believe they will create new value for our shareholders."

Bin Laurence, E-House's CFO, added, "As a result of our strong execution and our development of innovative products that are sought after by the market, we delivered continued revenue growth in the second quarter. In addition, we achieved strong year-on-year profit growth along with revenue increases."

Second Quarter 2014 Results

Total revenues were $210.1 million, an increase of 29% from $163.4 million for the same quarter of 2013, primarily driven by revenue increases from real estate online services.

Revenues from real estate online services were $117.3 million, an increase of 63% from $71.9 million for the same quarter of 2013, contributed by growth in e-commerce and online advertising services revenues. Revenues from e-commerce services were $68.3 million, an increase of 159% from $26.4 million for the same quarter of 2013, primarily due to a 107% increase in discount coupons redeemed (see "Selected Operating Data" below for more details on the discount coupons sold and redeemed). Revenues from online advertising services were $44.8 million, an increase of 11% from $40.5 million for the same quarter of 2013, primarily due to growth in the Company's new home and home furnishing channels. Revenues from listing services were $4.2 million, compared to $5.0 million for the same quarter of 2013.

Revenues from real estate brokerage services were $65.5 million, compared to $65.6 million for the same quarter of 2013. Real estate brokerage services include primary real estate agency services and secondary real estate brokerage services. Revenues from primary real estate agency services were $63.3 million, an increase of 1% from $62.6 million for the same quarter of 2013. Total GFA of new properties sold increased by 4% while total transaction value of new properties sold increased by 2% compared to the same quarter of 2013. (See "Selected Operating Data" below for more details on the total GFA and transaction value of new properties sold.) Revenues from secondary real estate brokerage services were $2.2 million, compared to $3.0 million for the same quarter of 2013. The decrease was mainly due to the year-over-year reduction in the number of physical brokerage stores as the Company has shifted its secondary real estate focus from offline to online.

Revenues from real estate information and consulting services were $17.9 million, an increase of 9% compared to $16.4 million for the same quarter of 2013, due to increased revenues in both information and consulting services.

Revenues from other services were $9.4 million, compared to $9.6 million for the same quarter of 2013. Other services include offline real estate advertising services, promotional events services and real estate fund management services.

Cost of revenues was $72.7 million, an increase of 4% from $69.7 million for the same quarter of 2013 primarily due to increased staff costs from primary real estate agency services, partially offset by decreased fees paid to third parties for services in connection with the Company's online listing business, and decreased amortization of intangible assets due to the Company's extension of its exclusive rights agreement with Baidu in October 2013 for an additional six months through March 2015 at no additional cost, and the extension of its advertising agency agreement with SINA in March 2014 for an additional five years through March 2024 at no additional cost.

Selling, general and administrative expenses were $126.3 million, an increase of 43% from $88.5 million for the same quarter of 2013, primarily due to higher marketing and promotion expenses and higher staff-related costs for real estate online services.

Income from operations was $15.0 million, an increase of 136% from $6.3 million for the same quarter of 2013. Non-GAAP income from operations was $23.7 million, an increase of 41% from $16.8 million for the same quarter of 2013.

Net income was $16.4 million, an increase of 144% from $6.7 million for the same quarter of 2013. Non-GAAP net income was $24.7 million, an increase of 56% from $15.8 million for the same quarter of 2013.

Net income attributable to E-House shareholders was $13.4 million, or $0.09 per diluted ADS, an increase of 110% from $6.4 million, or $0.05 per diluted ADS, for the same quarter of 2013. Non-GAAP net income attributable to E-House shareholders was $20.6 million, or $0.14 per diluted ADS, an increase of 34% from $15.3 million, or $0.11 per diluted ADS, for the same quarter of 2013.

First Half 2014 Results

Total revenues were $373.5 million, an increase of 33% from $280.0 million for the same period of 2013, primarily driven by E-House's real estate online services and real estate information and consulting services.

Revenues from real estate online services were $195.8 million, an increase of 75% from $111.7 million for the same period of 2013, contributed by growth in e-commerce and online advertising services revenues. Revenues from e-commerce services were $118.0 million, an increase of 188% from $41.1 million for the same period of 2013, primarily due to a 127% increase in discount coupons redeemed (see "Selected Operating Data" below for more details on the discount coupons sold and redeemed). Revenues from online advertising services were $69.4 million, an increase of 12% from $62.2 million for the same period of 2013. Revenues from listing services were $8.4 million, compared to $8.4 million for the same period of 2013.

Revenues from real estate brokerage services were $126.6 million, a slight increase from $124.9 million for the same period of 2013. Real estate brokerage services include primary real estate agency services and secondary real estate brokerage services. Revenues from primary real estate agency services were $122.6 million, an increase of 3% from $119.0 million for the same period of 2013, driven by a 3% increase in the total GFA of new properties sold and a 4% increase in the total transaction value of new properties sold. (See "Selected Operating Data" below for more details on the total GFA and transaction value of new properties sold.) Revenues from secondary real estate brokerage services were $4.0 million, a decrease from $5.9 million for the same period of 2013 due to the year-over-year reduction in the number of physical brokerage stores as the Company has shifted its secondary real estate focus from offline to online.

Revenues from real estate information and consulting services were $35.6 million, an increase of 27% compared to $28.0 million for the same period of 2013, due to revenue increases from both information and consulting services.

Revenues from other services were $15.5 million, compared to $15.4 million for the same period of 2013.

Cost of revenues was $131.7 million, an increase of 8% from $121.7 million for the same period of 2013, mostly due to increased staff costs from primary real estate agency services, partially offset by decreased fees paid to third parties for services in connection with the Company's online listing business, and decreased amortization of intangible assets due to the Company's extension of its exclusive rights agreement with Baidu in October 2013 for an additional six months through March 2015 at no additional cost, and the extension of its advertising agency agreement with SINA in March 2014 for an additional five years through March 2024 at no additional cost.

Selling, general and administrative expenses were $231.2 million, an increase of 41% from $163.5 million for the same period of 2013, primarily due to higher marketing and promotion expenses and higher staff-related costs for real estate online services.

Income from operations was $15.0 million, compared to loss from operations of $4.0 million for the same period of 2013. Non-GAAP income from operations was $33.8 million, an increase of 93% from $17.6 million for the same period of 2013.

Net income was $17.7 million, up from $0.6 million for the same period of 2013. Non-GAAP net income was $34.9 million, an increase of 81% from $19.3 million for the same period of 2013.

Net income attributable to E-House shareholders was $16.3 million, or $0.11 per diluted ADS, up from $1.0 million, or $0.01 per diluted ADS, for the same period of 2013. Non-GAAP net income attributable to E-House shareholders was $32.4 million, or $0.22 per diluted ADS, an increase of 66% from $19.5 million, or $0.15 per diluted ADS, for the same period of 2013.

Cash Flow

As of June 30, 2014, the Company's cash and cash equivalents balance was $607.9 million.

Second quarter 2014 net cash used in operating activities was $1.6 million. Non-GAAP net income of $24.7 million, as well as increases in other tax payables and income tax payables of $6.4 million, an increase in other current liabilities of $6.4 million, and an increase in accrued payroll and welfare of $5.1 million was offset by an increase in accounts receivable of $45.1 million. Net cash used in investing activities was $25.4 million, mainly comprised of a $15.6 million purchase of preferred shares of a private third-party wealth management company during the second quarter, a $5.7 million payment related to the exclusive rights agreement with Baidu and $5.7 million in capital expenditures. Net cash provided by financing activities was $89.0 million, mainly comprised of $121.1 million in net proceeds from the April 2014 initial public offering (the "IPO") on the New York Stock Exchange of the Company's subsidiary, Leju Holdings Limited, partially offset by $27.6 million in dividends paid to shareholders during the second quarter and $3.3 million paid for the acquisition of the remaining non-controlling interests in the Company's online listing business.

Business Outlook

The Company maintains its previous fiscal year 2014 revenue guidance of $910 million to $930 million, representing an increase of approximately 24% to 27% from $731.1 million in 2013. This forecast reflects the Company's current and preliminary view, which is subject to change.

Conference Call Information

E-House's management will host an earnings conference call on August 20, 2014 at 8:15 a.m. U.S. Eastern Time (8:15 p.m. Beijing/Hong Kong time).

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

U.S./International:

+1-845-675-0437

Hong Kong:

+852-2475-0994

Mainland China:

+86-10-800-819-0121

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

A replay of the conference call may be accessed by phone at the following number until August 28, 2014:

International:

+1-646-254-3697

Passcode:  

84809773

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

About E-House

E-House (China) Holdings Limited ("E-House") (NYSE: EJ) is China's leading real estate services company with a nationwide network covering more than 250 cities. E-House offers a wide range of services to the real estate industry, including real estate online services, primary sales agency, secondary brokerage, information and consulting, offline advertising and promotion and real estate investment management services. E-House has received numerous awards for its innovative and high-quality services, including "China's Best Company" from the National Association of Real Estate Brokerage and Appraisal Companies and "China Enterprises with the Best Potential" from Forbes. For more information about E-House, please visit http://www.ehousechina.com.

Safe Harbor: Forward-Looking Statements

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

About Non-GAAP Financial Measures

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

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

For investor and media inquiries please contact:

In China:

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

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

In the United States:

Mr. Justin Knapp
Ogilvy Financial, U.S.
Phone: +1 (616) 551-9714
E-mail: [email protected]


 


E-HOUSE (CHINA) HOLDINGS LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEET

(In thousands of U.S. dollars)





December 31,


June30,




2013


2014

ASSETS









Current assets









Cash and cash equivalents




413,319




607,875

Restricted cash




2,310




1,548

Customer deposits, net




67,602




67,659

Accounts receivable, net




357,442




379,616

Advance payment for properties, current




60,076




47,650

Properties held for sale




15,305




27,496

Marketable securities




-




2,441

Short-term investment




1,279




1,268

Deferred tax assets, net




66,332




65,720

Prepaid expenses and other current assets




44,235




39,578

Amounts due from related parties




1,263




2,015

Total current assets




1,029,163




1,242,866

Property and equipment, net




50,077




47,938

Intangible assets, net.




141,232




128,224

Investment in affiliates




39,052




44,964

Goodwill




51,600




51,448

Customer deposits, non-current, net




652




2,597

Investment in preferred shares of a private entity




-




15,603

Other non-current assets




43,744




75,937

Total assets




1,355,520




1,609,577










LIABILITIES AND EQUITY









Current liabilities









Accounts payable




11,265




7,286

Accrued payroll and welfare expenses




102,632




85,397

Income tax payable




98,686




95,282

Other tax payable




40,001




41,114

Amounts due to related parties




5,536




10,786

Advance from property buyers




2,453




1,698

Advance from customers and deferred revenue




24,617




22,047

Liability for exclusive rights, current




8,968




3,251

Other current liabilities




62,467




64,962

Total current liabilities




356,625




331,823

Deferred tax liabilities




29,901




29,895

Convertible senior notes




131,651




132,205

Other non-current liabilities




1,472




851

Total liabilities




519,649




494,774

Equity









Ordinary shares ($0.001 par value): 1,000,000,000 and
   1,000,000,000 shares authorized, 137,816,482
   and138,580,905 shares issued and outstanding, as of
   December 31, 2013 and June 30, 2014, respectively




138




139

Additional paid-in capital




859,468




1,057,941

Subscription receivables




(2,148)




(181)

Accumulated deficit




(107,705)




(91,390)

Accumulated other comprehensive income




72,185




66,741

Total E-House equity




821,938




1,033,250

Non-controlling interests




13,933




81,553

Total equity




835,871




1,114,803

TOTAL LIABILITIES AND EQUITY




1,355,520




1,609,577

 


E-HOUSE (CHINA) HOLDINGS LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

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





Three months ended



Six months ended




June 30,



June 30,




2013



2014



2013



2014














Revenues                                                             



163,415



210,145



280,022



373,456

Cost of revenues



(69,738)



(72,705)



(121,726)



(131,728)

Selling, general and administrative expenses



(88,472)



(126,264)



(163,509)



(231,185)

Other operating income



1,143



3,789



1,237



4,460

Income (loss) from operations



6,348



14,965



(3,976)



15,003














Interest expenses



-



(1,319)



-



(2,665)

Interest income



502



640



925



1,375

Other income (expenses), net



(512)



2,938



(626)



3,063

Income (loss) before taxes and equity in      affiliates



6,338



17,224



(3,677)



16,776

Income tax benefit (expense)



(1,605)



(2,340)



552



(2,247)

Income (loss) before equity in affiliates



4,733



14,884



(3,125)



14,529

Income from equity in affiliates



2,008



1,554



3,687



3,129

Net income



6,741



16,438



562



17,658














Less: net income (loss) attributable to













non-controlling interests



346



3,024



(409)



1,342

Net income attributable to E-House      shareholders



6,395



13,414



971



16,316














Earnings per share:













Basic



0.05



0.10



0.01



0.12

Diluted



0.05



0.09



0.01



0.11

Shares used in computation:













Basic



133,025,887



138,163,946



125,739,695



138,021,900

Diluted



136,168,538



145,613,580



128,766,511



146,539,322


Note 1              The conversion of Renminbi ("RMB") amounts into USD amounts is based on the rate
                          of USD1 = RMB6.1528 on June 30, 2014 and USD1 = RMB6.1581 for the three
                          months ended June 30, 2014

 


E-HOUSE (CHINA) HOLDINGS LIMITED

UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(In thousands of U.S. dollars)




Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014










Net income                                                                                                           


6,741


16,438


562


17,658

Other comprehensive income (loss), net of tax of nil:









Foreign currency translation adjustment


7,766


(44)


9,296


(5,741)

Comprehensive income


14,507


16,394


9,858


11,917










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


366


3,051


(292)


1,049

Comprehensive income attributable to E-House shareholders


14,141


13,343


10,150


10,868

 

E-HOUSE (CHINA) HOLDINGS LIMITED

Unaudited Reconciliation of GAAP and Non-GAAP Results

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




Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014



(unaudited)


(unaudited)


(unaudited)


(unaudited)














GAAP income (loss) from operations



6,348




14,965



(3,976)


15,003

Share-based compensation expense



4,809




5,335



10,270


10,450

Amortization of intangible assets resulting from business acquisitions  



5,640




3,448



11,274


8,371

Non-GAAP income from operations



16,797




23,748



17,568


33,824














GAAP net income



6,741




16,438



562


17,658

Share-based compensation expense (net of tax)



4,809




5,335



10,270


10,450

Amortization of intangible assets resulting from

business acquisitions (net of tax)



4,229




2,894



8,455


6,813

Non-GAAP net income



15,779




24,667



19,287


34,921














Net income attributable to E-House Shareholders



6,395




13,414



971


16,316

Share-based compensation expense

(net of tax and non-controlling interests)



4,809




4,923



10,270


10,038

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



4,143




2,237



8,279


6,084

Non-GAAP net income attributable to E-House

shareholders



15,347




20,574



19,520


32,438














GAAP net income per ADS - basic



0.05




0.10



0.01


0.12














GAAP net income per ADS - diluted



0.05




0.09



0.01


0.11














Non-GAAP net income per ADS - basic



0.12




0.15



0.16


0.24














Non-GAAP net income per ADS - diluted



0.11




0.14



0.15


0.22














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



133,025,887




138,163,946



125,739,695


138,021,900














Shares used in calculating diluted GAAP /non-GAAP net
     income attributable to shareholders per ADS



136,168,538




145,613,580



128,766,511


146,539,322

 

E-HOUSE (CHINA) HOLDINGS LIMITED

SELECTED OPERATING DATA




Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014

















Primary real estate agency services                                                                       
















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



5,151




5,361




9,521




9,833

Total value of new properties sold (millions of RMB)



45,953




46,755




85,019




88,629

Total value of new properties sold (millions of $)



7,420




7,628




13,643




14,471

















E-commerce services
















Number of discount coupons issued to prospective purchasers (number
   of transactions)



40,274




89,524




63,399




137,964

Number of discount coupons redeemed (number of transactions)



24,072




49,724




36,768




83,596

SOURCE E-House (China) Holdings Limited

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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...
SYS-CON Events announced today that Ocean9will 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. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
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. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that CA Technologies has been named “Platinum 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, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, 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. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
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...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...