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St. Jude Medical Reports Third Quarter 2016 Results

St. Jude Medical, Inc. (NYSE: STJ), a global medical device company, today reported sales and net earnings for the third quarter ended October 1, 2016.

Third quarter 2016 highlights:

  • Net sales of $1.499 billion increased 12 percent as reported, or 2 percent on a comparable constant currency basis.
  • International sales increased 13 percent as reported or 8 percent on a comparable constant currency basis, where a full portfolio of products is available.
  • Neuromodulation sales increased 17 percent both as reported and on a constant currency basis driven by the most comprehensive product portfolio on the market.
  • Atrial fibrillation sales increased 14 percent as reported, or 12 percent on a constant currency basis driven by strong growth across the product portfolio.
  • Diluted earnings per share of $0.73 decreased 3 percent as reported. Adjusted earnings per share of $0.99 increased 5 percent on a constant currency basis.

Third Quarter 2016 Sales

The company reported net sales of $1.499 billion in the third quarter of 2016, a 12 percent increase compared to net sales of $1.339 billion in the third quarter of 2015. On a comparable constant currency basis, net sales increased by approximately 2 percent compared to the third quarter of 2015.

Commenting on the company’s financial results, St. Jude Medical President and Chief Executive Officer Michael T. Rousseau said, “Third quarter results continue to confirm that our innovation based growth strategy is on track. As we continue to establish ourselves as the global technology leader in our markets, our focus is on bringing new technology to patients in the fourth quarter and throughout 2017 that will elevate current standards of care while reducing the cost of healthcare. We also remain excited about the Abbott transaction, which we continue to expect to close in the fourth quarter of 2016.”

As previously announced, St. Jude Medical has changed its sales reporting to more closely align with how the company manages the business in five key areas: atrial fibrillation, heart failure, neuromodulation, cardiovascular and traditional cardiac rhythm management. For additional information please see the Form 8-K provided by the company on January 13, 2016.

Atrial Fibrillation (AF)

AF product sales for the third quarter totaled $316 million, a 14 percent increase on a reported basis and a 12 percent increase on a constant currency basis compared to the prior year quarter. Third quarter results were driven by continued strong global TactiCath™ and FlexAbility™ ablation catheter sales and the Ensite Precision Mapping system sales in international markets.

Heart Failure (HF)

HF product sales, which include cardiac resynchronization therapy (CRT) products, HeartMate™ ventricular assist devices and the CardioMEMS™ HF System, totaled $351 million for the third quarter, a 46 percent increase compared to the prior year quarter, primarily due to incremental net sales associated with ventricular assist devices, acquired through our Thoratec acquisition. On a comparable constant currency basis, HF product sales decreased 3 percent compared to the prior year quarter. Third quarter results reflect continued impact of U.S. CRM sales weakness on our CRT products, partially offset by global growth in ventricular assist devices.

Neuromodulation

St. Jude Medical sales of neuromodulation products were $141 million in the third quarter of 2016, a 17 percent increase on both a reported and constant currency basis compared to the prior year quarter. Neuromodulation growth continues to be driven by the St. Jude Medical BurstDR™ technology offering in international markets, U.S. launch of the Axium™ system as well as the introduction of the Infinity™ DBS system and directional lead in Europe.

Cardiovascular

Total cardiovascular sales were $313 million for the third quarter of 2016, an increase of 8 percent compared to the prior year quarter. On a comparable constant currency basis, cardiovascular sales increased 7 percent compared to the prior year quarter. Cardiovascular growth was driven by the continued strength of the Portico™ Transcatheter Aortic Valve Implantation System in Europe and our OPTIS™ Integrated System, which uses fractional flow reserve and optical coherence tomography.

Traditional Cardiac Rhythm Management (CRM)

Total CRM sales, which include single and dual chamber implantable cardioverter defibrillator (ICD) and pacemaker products, were $378 million for the third quarter of 2016, a 7 percent decline on both a reported and constant currency basis compared to the third quarter of 2015. Global results continue to be impacted by lower sales in the United States, partially offset by continued adoption of our MRI conditional product portfolio in countries where they are offered.

Third Quarter Earnings Results

In the third quarter the company recognized net after-tax charges of $74 million, or $0.26 per diluted share, primarily related to amortization of intangible assets, product field action costs and litigation costs, and acquisition-related costs. Including these items, reported net earnings for the third quarter of 2016 were $212 million or $0.73 per share, compared with reported net earnings for the third quarter of 2015 of $215 million or $0.75 per share. Excluding these items, adjusted net earnings for the third quarter of 2016 were $286 million or $0.99 per share, compared with adjusted net earnings for the third quarter of 2015 of $277 million or $0.97 per share. A reconciliation of the company’s non-GAAP adjusted results to the company’s GAAP reported results is provided in the schedules at the end of the press release.

Fourth Quarter and Full-Year 2016 Sales and Earnings Guidance

Due to the planned merger with Abbott, St. Jude Medical withdrew financial guidance for the fiscal year 2016.

Conference Call / Webcast

St. Jude Medical’s third quarter earnings call can be heard live via webcast today beginning at 7 a.m. CDT via the St. Jude Medical Investor Relations website (investors.sjm.com). Approximately one hour following the call (and archived for 90 days), a replay will be available on the Investor Events and Presentations webpage in the Investor Relations section of the St. Jude Medical website.

St. Jude Medical will also be tweeting live during the call on our Investor Relations Twitter account, @StJudeMedicalIR.

About St. Jude Medical

St. Jude Medical is a leading global medical device manufacturer and is dedicated to transforming the treatment of some of the world’s most expensive epidemic diseases. The company does this by developing cost-effective medical technologies that save and improve lives of patients around the world. Headquartered in St. Paul, Minn., St. Jude Medical has five major areas of focus that include atrial fibrillation, heart failure, neuromodulation, cardiovascular and traditional cardiac rhythm management. For more information, please visit sjm.com or follow us on Twitter @StJudeMedicalIR.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements include the expectations, plans and prospects for the company, including potential clinical successes, reimbursement strategies, anticipated regulatory approvals and future product launches, and projected revenues, margins, earnings and market shares. The statements made by the company are based upon management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the company’s control and the risk factors and other cautionary statements described in the company’s filings with the SEC, including those described in the Risk Factors and Cautionary Statements sections of the company’s Annual Report on Form 10-K for the fiscal year ended January 2, 2016 and Quarterly Report on Form 10-Q for the fiscal quarter ended July 2, 2016. The company does not intend to update these statements and undertakes no duty to any person to provide any such update under any circumstance.

 
Summary of 3Q16 Sales and Reconciliation to Constant Currency Sales Growth
(in millions)
(unaudited)   3Q16 Sales   3Q15 Sales  

Reported %
Change vs.
3Q15

 

Constant
Currency %
Change vs.
3Q15

 

Reported
$ Change
vs. 3Q15

 

Constant
Currency
$ Change
vs. 3Q15

 

Foreign
Currency
Impact

               
Total Sales   $1,499   $1,339   12%   12%   $160   $155   $5
Total International Sales   $716   $634   13%   12%
Total U.S. Sales   $783   $705   11%                
Worldwide Atrial Fibrillation   $316   $278   14%   12%   $38   $33   $5
International Atrial Fibrillation   $181   $155   17%   14%
U.S. Atrial Fibrillation   $135   $123   10%                
Worldwide Heart Failure   $351   $241   46%   46%   $110   $112   -$2
International Heart Failure   $108   $79   37%   39%
U.S. Heart Failure   $243   $162   50%                
Worldwide Neuromodulation   $141   $121   17%   17%   $20   $20   $0
International Neuromodulation   $35   $31   13%   14%
U.S. Neuromodulation   $106   $90   18%                
Worldwide Cardiovascular Disease   $313   $291   8%   7%   $22   $20   $2
International Cardiovascular Disease   $189   $171   10%   9%
U.S. Cardiovascular Disease   $124   $120   4%                
Worldwide Traditional Cardiac Rhythm Management   $378   $408   -7%   -7%   -$30   -$30   $0
International Traditional Cardiac Rhythm Management   $203   $198   2%   2%
U.S. Traditional Cardiac Rhythm Management   $175   $210   -17%    

 

Note: Percentage changes are based on actual, non-rounded amounts and may not recalculate precisely.

 
 
Summary of 3Q16 Sales and Reconciliation to Comparable Constant Currency Sales Growth
(in millions)
(unaudited)  

3Q16

Sales

 

3Q15
Comparable
Sales

 

Comparable
Constant
Currency %
Change vs.
3Q15

 

Comparable
Constant
Currency $
Change vs.
3Q15

 

Foreign
Currency
Impact

Total Sales   $1,499   $1,463   2%   $31   $5
Total International Sales   $716   $658   8%    
Total U.S. Sales   $783   $805   -3%        
Worldwide Atrial Fibrillation   $316   $278   12%   $33   $5
International Atrial Fibrillation   $181   $155   14%
U.S. Atrial Fibrillation   $135   $123   10%        
Worldwide Heart Failure   $351   $365   -3%   -$12   -$2
International Heart Failure   $108   $103   7%
U.S. Heart Failure   $243   $262   -7%        
Worldwide Neuromodulation   $141   $121   17%   $20   $0
International Neuromodulation   $35   $31   14%
U.S. Neuromodulation   $106   $90   18%        
Worldwide Cardiovascular Disease   $313   $291   7%   $20   $2
International Cardiovascular Disease   $189   $171   9%
U.S. Cardiovascular Disease   $124   $120   4%        
Worldwide Traditional Cardiac Rhythm Management   $378   $408   -7%   -$30   $0
International Traditional Cardiac Rhythm Management   $203   $198   2%
U.S. Traditional Cardiac Rhythm Management   $175   $210   -17%
           
Total Thoratec Pre-Acquisition Sales   $0   $124
International Thoratec Pre-Acquisition Sales   $0   $24
U.S. Thoratec Pre-Acquisition Sales   $0   $100
                     
Total Sales As Reported   $1,499   $1,339   12%   $155   $5
Total International Sales As Reported   $716   $634   12%
Total U.S. Sales As Reported   $783   $705
   
Note: Dollar amounts and percentage changes are based on actual, non-rounded amounts and may not add or recalculate precisely.
 
 
St. Jude Medical, Inc.
Condensed Consolidated Balance Sheets
(in millions)
(Unaudited)
   
October 1, 2016 January 2, 2016
Cash and cash equivalents $394 $667
Accounts receivable, net 1,290 1,237
Inventories 910 909
Other current assets 222 269
Property, plant & equipment, net 1,336 1,320
Goodwill 5,678 5,651
Intangible assets, net 2,108 2,226
Other assets 603 621
Total assets $12,541 $12,900
 
Current debt obligations $371 $1,163
Other current liabilities 1,086 1,303
Long-term debt 5,403 5,229
Long-term other liabilities 1,195 1,163
Total shareholders' equity 4,486 4,042
Total liabilities & shareholders' equity $12,541 $12,900
 
 
St. Jude Medical, Inc.
Condensed Consolidated Statements of Earnings
(in millions, except per share amounts)
(Unaudited)
       
Three Months Ended Nine Months Ended
 
October 1, 2016 October 3, 2015 October 1, 2016 October 3, 2015
Net sales $1,499 $1,339 $4,509 $4,094
Cost of sales:
Cost of sales before special charges 470 408 1,444 1,220
Special charges 25 17 34 24
Total cost of sales 495 425 1,478 1,244
Gross profit 1,004 914 3,031 2,850
 
Selling, general & administrative expense 481 413 1,474 1,290
Research & development expense 183 161 563 499
Amortization of intangible assets 47 23 139 71
Special charges 7 23 28 57
Operating profit 286 294 827 933
Other expense, net 41 33 176 70
Earnings before income taxes and noncontrolling interest 245 261 651 863
Income taxes 33 46 106 110
Net earnings before noncontrolling interest 212 215 545 753
Net loss attributable to noncontrolling interest - - - (14)
Net earnings attributable to St. Jude Medical, Inc. $212 $215 $545 $767
 
 
 
Diluted net earnings per share attributable to St. Jude Medical, Inc. $0.73 $0.75 $1.89 $2.68
Adjusted diluted net earnings per share attributable to St. Jude Medical, Inc. (Non-GAAP) (1) $0.99 $0.97 $2.95 $2.92
 
Cash dividends declared per share $0.31 $0.29 $0.93 $0.87
 
Weighted average shares outstanding- diluted 290.0 286.3 288.2 286.3
 
(1) See accompanying reconciliation tables.
 
           
Non-GAAP Financial Measures Reconciliations (Unaudited)
   
Three Months Ended October 1, 2016    
(in millions, except per share amounts)

Earnings before
noncontrolling
interest and income
taxes

  Income taxes  

Effective tax rate

 

Net earnings before
noncontrolling
interest

 

Net loss attributable
to noncontrolling
interest

 

Net earnings
attributable to St.
Jude Medical, Inc.

 

Diluted net earnings
per share attributable
to St. Jude Medical,
Inc.

 

Diluted EPS growth
rate

 
As reported (GAAP) $ 245 $ 33 13.5 % $ 212 $ - $ 212 $ 0.73 -3 %
 
Restructuring activities 4 1 3 - 3 0.01
Acquisition-related costs 17 4 13 - 13 0.04
Product field action costs and litigation costs 25 1 24 - 24 0.08
Legal settlements 3 2 1 - 1 0.00
Amortization of intangible assets 47 16 31 - 31 0.11
Income tax adjustments - (2 ) 2 - 2 0.01
                             
As adjusted (Non-GAAP) $ 341   $ 55       16.1 %   $ 286     $ -   $ 286     $ 0.99     2 %
 
Unfavorable foreign currency impact vs. 2015 0.03
     
Constant currency as adjusted (non-GAAP) $ 1.02     5 %
 
 

Restructuring
activities

 

Acquisition-related
costs

 

Product field action
costs and litigation
costs

 

Legal settlements

  Total
 
Special charges (cost of sales) $ - $ - $ 25 $ - $ 25
Selling, general & administrative expense - 17 - - 17
Special charges (operating expenses)   4     -       -       3       7
$ 4   $ 17     $ 25     $ 3     $ 49
 
 
Three Months Ended October 3, 2015
(in millions, except per share amounts)

Earnings before
noncontrolling
interest and income
taxes

  Income taxes   Effective tax rate  

Net earnings before
noncontrolling
interest

 

Net loss attributable
to noncontrolling
interest

 

Net earnings
attributable to St.
Jude Medical, Inc.

 

Diluted net earnings
per share attributable
to St. Jude Medical,
Inc.

   
 
As reported (GAAP) $ 261 $ 46 17.6 % $ 215 $ - $ 215 $ 0.75
 
Restructuring activities 32 10 22 - 22 0.08
Acquisition-related costs 6 8 (2 ) - (2 ) (0.01 )
Product field action costs and litigation costs 5 2 3 - 3 0.01
Legal settlements 1 - 1 - 1 0.00
Intangible asset impairment charges 2 1 1 - 1 0.00
Amortization of intangible assets 23 7 16 - 16 0.06
Income tax adjustments - (18 ) 18 - 18 0.06
R&D credit - (3 ) 3 - 3 0.01
                         
As adjusted (Non-GAAP) $ 330   $ 53       16.1 %   $ 277     $ -   $ 277     $ 0.97  
 
 

Restructuring
activities

 

Acquisition-related
costs

 

Product field action
costs and litigation
costs

  Legal settlements  

Intangible asset
impairment charges

  Total
 
Special charges (cost of sales) $ 18 $ - $ (1 ) $ - $ - $ 17
Selling, general & administrative expense - (8 ) - - - (8 )
Special charges (operating expenses) 14 - 6 1 2 23
Other expense, net   -     14       -       -       -     14  
$ 32   $ 6     $ 5     $ 1     $ 2   $ 46  
 
             
Nine Months Ended October 1, 2016
(in millions, except per share amounts)

Earnings before
noncontrolling
interest and income
taxes

  Income taxes   Effective tax rate  

Net earnings before
noncontrolling
interest

 

Net loss attributable
to noncontrolling
interest

 

Net earnings
attributable to St.
Jude Medical, Inc.

 

Diluted net earnings
per share attributable
to St. Jude Medical,
Inc.

 

Diluted EPS growth
rate

 
As reported (GAAP) $ 651 $ 106 16.3 % $ 545 $ - $ 545 $ 1.89 -29 %
 
Restructuring activities 44 15 29 - 29 0.10
Acquisition-related costs 106 30 76 - 76 0.26
Product field action costs and litigation costs 34 4 30 - 30 0.10
Legal settlements (16 ) (4 ) (12 ) - (12 ) (0.04 )
Strategic investment impairments 51 19 32 - 32 0.11
Amortization of intangible assets 139 48 91 - 91 0.32
Income tax adjustments - (59 ) 59 - 59 0.20
                             
As adjusted (Non-GAAP) $ 1,009     $ 159       15.8 %   $ 850     $ -     $ 850     $ 2.95     1 %
 
Unfavorable foreign currency impact vs. 2015 0.18
     
Constant currency as adjusted (non-GAAP) $ 3.13     7 %
 
 

Restructuring
activities

 

Acquisition-related
costs

 

Product field action
costs and litigation
costs

  Legal settlements  

Strategic investment
impairments

  Total
 
Cost of sales before special charges $ - $ 41 $ - $ - $ - $ 41
Special charges (cost of sales) 6 - 28 - - 34
Selling, general & administrative expense - 65 - - - 65
Special charges (operating expenses) 38 - 6 (16 ) - 28
Other expense, net   -       -       -       -       51       51  
$ 44     $ 106     $ 34     $ (16 )   $ 51     $ 219  
 
 
Nine Months Ended October 3, 2015
(in millions, except per share amounts)

Earnings before
noncontrolling
interest and income
taxes

 

Income taxes

  Effective tax rate  

Net earnings before
noncontrolling
interest

 

Net loss attributable
to noncontrolling
interest

 

Net earnings
attributable to St.
Jude Medical, Inc.

 

Diluted net earnings
per share attributable
to St. Jude Medical,
Inc.

 
As reported (GAAP) $ 863 $ 110 12.7 % $ 753 $ (14 ) $ 767 $ 2.68
 
Restructuring activities 81 24 57 - 57 0.20
Acquisition-related costs (26 ) 10 (36 ) 4 (40 ) (0.14 )
Product field action costs and litigation costs 7 3 4 - 4 0.01
Legal settlements (9 ) (4 ) (5 ) - (5 ) (0.02 )
Intangible asset impairment charges 2 1 1 - 1 0.00
Amortization of intangible assets 71 22 49 - 49 0.17
Income tax adjustments - 11 (11 ) - (11 ) (0.04 )
R&D credit - (14 ) 14 - 14 0.05
                         
As adjusted (Non-GAAP) $ 989     $ 163       16.5 %   $ 826     $ (10 )   $ 836     $ 2.92  
 
 

Restructuring
activities

 

Acquisition-related
costs

 

Product field action
costs and litigation
costs

  Legal settlements  

Intangible asset
impairment charges

  Total
 
Special charges (cost of sales) $ 31 $ - $ (7 ) $ - $ - $ 24
Selling, general & administrative expense - (41 ) - - - (41 )
Research & development expense - 1 - - - 1
Special charges (operating expenses) 50 - 14 (9 ) 2 57
Other expense, net   -       14       -       -       -       14  
$ 81     $ (26 )   $ 7     $ (9 )   $ 2     $ 55  
 
 
The sum of the components may not equal the total due to rounding and quantities of shares outstanding in different periods.
 
Tax rates vary and are applied based on the item's nature and tax jurisdiction where it is incurred.
 

Non-GAAP Financial Measures

The company provides the following non-GAAP financial measures that St. Jude Medical management believes are pertinent to ongoing business performance. St. Jude Medical management uses these non-GAAP financial measures to forecast and evaluate the operational performance of the company as well as to compare results of current periods to prior periods on a consolidated basis.

  • Adjusted earnings before noncontrolling interest and income taxes
  • Adjusted income taxes and adjusted effective tax rate
  • Adjusted net earnings before noncontrolling interest
  • Adjusted net loss attributable to noncontrolling interest
  • Adjusted net earnings attributable to St. Jude Medical, Inc.
  • Adjusted diluted net earnings per share attributable to St. Jude Medical, Inc. and adjusted diluted EPS growth rate
  • Adjusted constant currency diluted net earnings per share attributable to St. Jude Medical, Inc. and adjusted constant currency diluted EPS growth rate

The adjustments made to GAAP financial measures result from facts and circumstances that vary in frequency and impact on the company’s results of operations. The following is an explanation of each of the adjustments that management excludes in calculating its non-GAAP measures.

Restructuring activities – These amounts represent severance costs and other termination benefits, inventory write-offs primarily associated with discontinued product lines, fixed asset write-offs related to assets no longer expected to be utilized, other restructuring costs and restructuring-related costs.

Acquisition-related costs – These amounts consist of contingent consideration fair value adjustments, acquired inventory step-up amortization, other transaction costs, integration costs, financing commitment fees and stock-based compensation expense for accelerated and replacement equity awards.

Product field action costs and litigation costs – These amounts primarily relate to inventory write-off and disposal costs, additional warranty and patient monitoring costs, and estimated legal costs for outstanding legal matters associated with product field actions.

Legal settlements – These amounts consist of losses that are probable and reasonably estimable, gains related to favorable resolutions of litigation matters and probable insurance recoveries.

Strategic investment impairments – These amounts consist of other-than-temporary impairments of certain strategic investments in debt and equity securities.

Amortization of intangible assets – These amounts represent the non-cash amortization expenses St. Jude Medical recognized for definite-lived intangible assets.

Income tax adjustments – These amounts represent tax effects related to significant unusual or infrequent items not attributable to current-year ordinary income, such as settlement of tax positions and discrete tax adjustments to uncertain tax positions, and certain other tax adjustments.

R&D credit – These amounts represent the impact of the federal research and development tax credit to present comparative periods assuming that the tax credit had been applicable in all periods presented.

Foreign currency impact – These amounts represent the impact to net sales and adjusted diluted net earnings per share attributable to St. Jude Medical, Inc. after translating net sales and the consolidated statement of earnings at comparable prior period foreign currency exchange rates.

The company provides comparable constant currency sales growth because St. Jude Medical management believes that in order to understand the company’s short-term and long-term financial trends, investors may wish to consider the impact of the Thoratec acquisition and foreign currency translation on net sales. St. Jude Medical management uses comparable constant currency sales growth to forecast and evaluate the operational performance of the company as well as to compare sales of current periods to prior periods.

In calculating comparable constant currency sales growth in its non-GAAP measures, the company a) excludes the impact to net sales after translating net sales at prior period foreign currency exchange rates and b) includes Thoratec sales amounts for periods prior to St. Jude Medical’s acquisition of Thoratec. Comparable constant currency sales amounts have not been adjusted to eliminate historical product sales between St. Jude Medical and Thoratec because management believes that such adjustments are not material.

The company also provides constant currency sales growth and constant currency adjusted EPS growth because St. Jude Medical management believes that in order to understand the company’s short-term and long-term financial trends, investors may wish to consider the impact of foreign currency translation on net sales and adjusted EPS. St. Jude Medical management uses constant currency sales growth and constant currency adjusted EPS growth to forecast and evaluate the operational performance of the company as well as to compare sales and adjusted EPS of current periods to prior periods.

Non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Investors should consider non-GAAP measures in addition to, and not as a substitute for, or superior to, financial performance measures prepared in accordance with GAAP.

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In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...
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In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, will discuss how to use Kubernetes to setup a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace....
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
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 ...