Click here to close now.

Welcome!

Weblogic Authors: Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

News Feed Item

Digital China Announces FY2012/13 Third Quarterly Results

- Reports Growth amidst Headwinds

HONG KONG, Feb. 26, 2013 /PRNewswire/ --

Results Highlights:

For the nine months ended 31 December 2012:

  • The Group achieved trend-bucking growth in business and recorded turnover of HK$56,674 million, up 6.83% year-on-year.
  • Gross profit margin for the third quarter was 8.01%, reversing the decline in the first half of the year.
  • Profit attributable to equity holders of the parent amounted to HK$1,171 million, up 11.43% year-on-year.
  • Basic earnings per share were 109.64 HK cents, up 11.75% from 98.11 HK cents for the corresponding period of last fiscal year.
  • Credit to resolute implementation of stringent cost management and control policy, the operating expense ratio was substantially lower at 5.30 % as compared to 5.65% reported for the corresponding period of last financial year.

Digital China, China's largest integrated IT services provider, today announced the unaudited consolidated third quarter results of the Company and its subsidiaries (collectively the "Group" ; Stock Code: 00861.HK) for the nine months ended 31 December 2012 (the "Period").

In response to uncertainties and challenges in the macro-environment as well as various market sub-segments in 2012, the Group continued to implement the guiding principle of "prudent progress, streamlined establishment with enhance efficiency and with a focus on Sm@rt City" and was able to report trend-bucking stable growth in revenue and profit amid intense market competition thanks to its comprehensive and balanced business distribution which also enabled stable and healthy development in results under overall macroeconomic weakness. Market share management was enhanced in Distribution Business and Systems Business, while close cooperation with core vendors was maintained to sustain stable market share. Supply Chain Services Business reported improvements in business value thanks to ongoing optimization of its business mix. Our Services Business increased effective coverage of sub-segment industries by increasing the proportion of software and services business. The steady progress of the "Sm@rt City focus" strategy provided an effective driving force for the Group's transformation to a services-oriented business.

The Group launched the nation's first integrated citizen services platforms in Fuzhou and Foshan in December of the current financial year with the benefit of its focus and vision in the development of Sm@rt Cities. Meanwhile, the Group was included in "Forbes Asia Fab 50" for the fourth year in a row, reflecting ongoing recognition from the capital market.

Financial Review

During the Period, the Group recorded turnover of approximately HK$56,674 million, a growth of 6.83% year-over-year. Against the slowdown in market growth, all business units reported stable revenue growth as the Group adopted the approach of "progress subject to stability" and explored the depth of the market to identify new business opportunities by continuously strengthening our ties with vendors and channels / customers. Meanwhile, on the back of ongoing efforts by our business units to optimize their business mixes with a strong focus on gross profit margin improvement, the Group reported gross profit margin of 8.01% for the third quarter of this financial year to reverse the decline in the second quarter. Profit attributable to equity holders of the parent for the nine months ended 31 December 2012 of the current financial year amounted to approximately HK$1,171 million, sustaining a double digit growth of 11.43% as compared to approximately HK$1,051 million for the corresponding period of last financial year. Basic earnings per share amounted to 109.64 HK cents, representing an 11.75% growth compared to 98.11 HK cents for the corresponding period of last financial year.

Management of the Group continued to implement a stringent policy in risk management and control. Key tasks in risk management and cash flow management were effectively implemented with measures to optimise business flows and enhance management of receivables. The Group's net cash inflow from operating activities amounted to approximately HK$615 million for the nine months ended 31 December 2012. Net cash inflow from operating activities for the third quarter amounted to approximately HK$276 million in sustained positive performance. Meanwhile, in view of the slowdown in revenue growth, the Group further strengthened stringent cost management and control policies formulated at the start of the year, making constant improvements to our resource utilisation efficiency by streamlining our product lines and staff positions. The Group's operating expense ratio for the nine months ended 31 December 2012 was substantially lower at 5.30% as compared to 5.65% reported for the corresponding period of last financial year with total operating expense achieving zero growth for the year.

Segment Results


Nine months ended 31 December


(HK$ million)

FY 2012/2013

FY 2011/2012

Change (%) YoY

Distribution*




Segment revenue

28,445

28,819

-1.30%

Segment gross profit

916

1,273

-28.05%

Segment results

228

463

-50.70%

Systems*




Segment revenue

20,620

18,171

+13.48%

Segment gross profit

1,894

1,574

+20.38%

Segment results

988

793

+24.65%

Supply Chain Services *




Segment revenue

854

873

-2.12%

Segment gross profit

177

168

+5.20%

Segment results

36

22

+60.68%

Services




Segment revenue

6,755

5,188

+30.21%

Segment gross profit

1,125

975

+15.34%

Segment results

460

236

+94.98%

*Restate: The Group started to make adjustments to business segments in the current fiscal year:

1. A sub-segment of the "Supply Chain Services Segment" will be devoted to the provision of professional supply chain management services including one-stop logistics and maintenance services, to hi-tech corporate customers and industry customers; another sub-segment will provide purchasing services to chain electronic stores (CES) for terminal products such as PC, notebook, smart devices, digital products, where CES is deemed as a retail format and an effective complement to the Distribution Segment which aims at a comprehensive coverage of all business formats. Therefore, this sub-segment has been reallocated to the Distribution Segment. In order to provide a more appropriate presentation for the Group's operating segment information, the Group reallocated this sub-segment from the "Supply Chain Services Segment" to the "Distribution Segment" at the start of this financial year and the relevant results for the corresponding period of last financial year have been restated accordingly;

2. A sub-segment of the "Distribution Segment" will continue to focus on full channel coverage for all retail formats for IT products and devices, developing and supplying IT products and solutions of broader variety and higher value to consumer and SMB customers. Another sub-segment in the original Distribution Segment, covering products such as PC, servers, will become an important part of IT infrastructure building in line with the development of cloud computing, which will be more compatible with the business positioning of the Systems Segment, which aims to become a supplier of IT infrastructure products and solutions. Therefore, this sub-segment has been reallocated to the Systems Segment. In order to provide a more appropriate presentation for the Group's operating segment information, the Group reallocated this sub-segment from the "Distribution Segment" to the "Systems Segment" at the start of this financial year and the relevant results for the corresponding period of last financial year have been restated accordingly.

Business Review

Services Business (primary focus on the Industry Market, offering IT planning and IT systems consultation, design and implementation of industry application software and solutions, outsourcing of IT system operation and maintenance, as well as products and services in systems integration and maintenance)

During the Period, the Services Business reported turnover of approximately HK$6,755 million, up 30.21% year-over-year. Turnover from the Services Business for the third quarter increased by 68.31% year-over-year, reflecting realisation of deferred customer demand. Management of the Group made proactive adjustments to its business strategies in response to volatility of industry market and succeeded in orchestrating substantial growth for the Services Business as a whole by integrating the Group's resources and strengthening business development in the government corporation industry and the financial industry to capture opportunities arising in these sub-segments. During the Period, the financial and government corporation sectors reported strong growth rates of 56.97% and 57.37%, respectively.

The Group continued to drive its transformation to a services-oriented business and to enhance the development of pure software and pure services businesses in various industry sub-sectors. Related to the financial industry, a new business model of "Financial Cloud Services" has been widely accepted by the market and customers, as more than 50 township banks have been signed up for the provision of operational services such as core business systems, credit systems and Internet banking systems. Moreover, in addition to ongoing provision of software and services to the State Administration of Taxation, our taxation business continued to sign up new customers including the Shandong Local Taxation Bureau, Ningbo Local Taxation Bureau, and Hainan Local Taxation Bureau. Breakthroughs in tax payment services have also been achieved with the successful implementation of online tax payment at Guizhou Local Taxation Bureau, Guizhou Bureau of the State Administration of Taxation, Shaanxi Bureau of the State Administration of Taxation, Gansu Bureau of the State Administration of Taxation and Anhui Local Taxation Bureau.

With the benefit of its focus and vision in the development of the Sm@rt City, the Group launched the nation's first integrated citizen services platforms in Fuzhou and Foshan on a pilot basis in December 2012. The platforms marked a change of the role of the Group in its Sm@rt City business from a solution provider to an operational services provider, and further reinforced its position as an expert in Sm@rt City. For the nine months ended 31 December 2012, the Sm@rt City business operated in 69 cities across the nation and the contracts signed for solutions and projects increased by 41%, with solutions being implemented in numerous cities across nation. Following the growing maturity and successful implementation in various cities of the citizen card project and meat and vegetable source system, data application solutions were also implemented in Wuhan, Lanzhou and Xinjiang, while cloud computing solutions were successfully implemented in Lanzhou and Zhangjiagang, with exponential growth in contract amount signed.

Distribution Business (primary focus on the SMB & Consumer Markets, engaging in the distribution of general IT products such as notebook computers, desktop computers, peripherals, accessories and consumer IT products)

There was a notable decline in the businesses of our principal products of notebook computers and peripherals in 2012 as the impact of the macroeconomic slowdown became evident on demand in the IT consumer market. The effect of new products and technologies launched in the third quarter of the financial year as a driving force for the consumer market has yet to be recognized. During the Period, the Group was increasingly concerned with stable and healthy business development, as it resolutely strengthened the implementation of its business strategy of "streamlined establishment with enhanced efficiency." Through stringent management over the input of business resources and corresponding output, proactive measures were taken to streamline and cut back product lines with low output, while continued efforts were made to enhance in-depth cooperation with vendor-ends and the channel-ends. These efforts have resulted in the retention of stable market share. During the Period, the Group's Distribution Business reported turnover of approximately HK$28,445 million, a slight decrease compared to the corresponding period of last financial year. Gross profit margin for the third quarter improved significantly subsequent to a temporary decline in the second quarter owing to stock clearance measures to avert potential business risks.

During the Period, the Group's coverage of CES and e-commerce channels was enhanced by further breakdown of channels and close monitoring of changes and development in retail formats. The Group continued to enhance cooperation with large-scale retail hypermarkets. In particular, we have strengthened cooperation with Gome and Walmart in connection with Apple products. During the Period, CES business reported rapid growth of 45.63% year-over-year. In connection with e-commerce, the Group strengthened strategic cooperation with core customers such as 360buy, 51buy and Suning, etc to leverage growth opportunities in the e-commerce industry and sustain rapid growth for e-commerce business, so that it will provide another important source of revenue in addition to the traditional IT product channel and CES channel.

Systems Business (primary focus on the Enterprise Market, offering value-added distribution of systems products such as servers, networking products, storage products and packaged software)

The Systems Business of the Group effectively capitalised on opportunities arising from market growth in the first half of the year and reported significant growth. During the Period, turnover amounted to approximately HK$20,620 million, up 13.48% year-over-year, while gross profit margin also increased by 53 basis points to 9.19%, offering effective support to the achievement of the Group's overall results. While demand in the Enterprise Market was affected by the growth slowdown of macro-economy in the third quarter of this financial year, profit growth for our Systems Business remained robust thanks to our efforts to increase our quarterly gross profit margin and stringent internal management control.

During the Period, The Group's Systems Business worked closely with key vendors. Through effective market share management, cooperation in existing businesses was fortified to secure stability and growth in market share for major areas. Moreover, we also worked with key vendors to monitor developments in novel areas such as cloud computing and big data, commencing strategic cooperation with leading players in cloud computing such as Cisco, Oracle and IBM, etc in a joint effort to plan for cloud computing data centre solutions as well as industry systems solutions for the telecommunications, financial and government sectors, etc.

Supply Chain Services Business (primary focus on the markets of Hi-tech Industries, Branded e-Commerce Platform Operators and Branded Service Providers, providing "one-stop" supply chain consultancy and execution in logistics, business flow, capital flow and information flow)

The Group's Supply Chain Services Business took the initiative to adjust businesses commanding lower gross profit as part of its ongoing efforts to optimise our business mix and improve business distribution. Through persistent monitoring and in-depth analysis, new business development endeavours were made in the logistics segment in relation to industrial sectors, while the proportion of the services business increased in relation to the service station segment. Such efforts drove ongoing growth in the overall profitability of the Supply Chain Services Business. Our Supply Chain Services Business reported turnover of approximately HK$854 million for the nine months ended 31 December 2012. Gross profit margin increased by 145 basis points to 20.72%, as compared to the corresponding period of last financial year. The logistics business reported overall revenue of approximately HK$328 million, sustaining rapid growth with a 57.90% increase year-over-year. Services station business continued to optimise business mix and strengthen station management to enhance profitability through servicing ability. The Group sustained healthy growth in revenue from the services station business and the gross margin of services station business was 624 basis points higher as compared to the corresponding period of last financial year.

Market Outlook

In 2012, the economy embraced a cycle of sluggish growth. Since the beginning of the fourth quarter, there has been increasing volatility and challenges in the sub-segment markets. More adverse conditions are expected overall as there are few signs of recovery in the consumer market, while the Enterprise Market is also facing a slowdown. In terms of general strategy for the final quarter of the current financial year, the Group management will continue to implement the guiding principle of 'prudent progress, streamlined establishment with enhanced efficiency and with a focus on Sm@rt City' proposed at the start of the year, and will also closely monitor market changes, remain flexible and respond resolutely. In terms of business strategy, management will reinforce its existing business foundation through market share management, customer planning and increased efforts to develop new industries and customers for new business growth niches. In terms of the Sm@rt City business, we will continue to implement the trial operation of integrated citizen services platforms and actively investigate operating models for the Sm@rt City, while enhancing our marketing efforts for Sm@rt City solutions. In connection with management and control strategy, the Company will continue to strengthen management of risk management and operating cash flows to assure healthy and stable business growth. Management will endeavour to overcome unfavourable factors for business operation in the fourth quarter, striving to accomplish business targets and to continue delivery of value to shareholders.

About Digital China

Digital China (Stock Code: 00861.HK) is the largest integrated IT services provider in the Greater China area. Digital China provides end-to-end integrated IT services for customers on the back of a complete IT services value chain that covers IT planning and consultation, IT infrastructure system integration, design and implementation of solutions, design and development of application software, outsourcing of IT system operations and maintenance, IT distribution and maintenance, etc.

Digital China is driving the Sm@rt City initiative in tandem with China's 12th Five-Year Plan. By facilitating consolidation and innovation through IT advances such as cloud computing, mobile internet and the internet of things, the Group seeks to advance China's new urbanization progress. As the largest integrated IT services provider in China, Digital China has comprehensive service capability and business coverage that ranges from Sm@rt City framework design and planning, Sm@rt City IT infrastructure implementation to Sm@rt City operational services. Leveraging on its extensive expertise and experience in informatization, Digital China has become China's leading Sm@rt City expert that boasts a forward-looking theoretical structure and has the largest stock of successful cases.

For additional information about Digital China, please visit the Group's website at www.digitalchina.com.hk.

For investor enquiries:




Neal He

Alex Tso

Digital China Holdings Limited

Digital China Holdings Limited

Tel: 852-3416-8133

Tel: 852-3416-8077

Email: [email protected]

Email: [email protected]



For media enquiries:




Selena Li

Henry Chik

Digital China Holdings Limited

PRChina Limited

Tel: 86-10-8270-7192

Tel: 852-2522-1368

Email: [email protected]

Email: [email protected]



Camille Xiong

David Shiu

PRChina Limited

PRChina Limited

Tel: 852-2522-1838

Tel: 852-2521-2823

Email: [email protected]

Email: [email protected]

 

CONDENSED CONSOLIDATED INCOME STATEMENT

 



Three months ended

31 December 2012


Nine months ended

31 December 2012


Three months ended

31 December 2011


Nine months ended

31 December 2011



(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)



HK$'000


HK$'000


HK$'000


HK$'000










REVENUE                                   


19,269,928


56,673,525


18,912,685


53,050,532










Cost of sales


(17,727,027)


(52,561,428)


(17,482,989)


(49,060,510)










Gross profit


1,542,901


4,112,097


1,429,696


3,990,022










Other income and gains


232,587


650,626


208,711


590,367










Selling and distribution costs


(762,831)


(2,182,510)


(838,287)


(2,204,387)

Administrative expenses


(129,004)


(416,651)


(132,097)


(397,038)

Other operating expenses, net


(233,829)


(403,318)


(100,275)


(397,782)

Total operating expenses


(1,125,664)


(3,002,479)


(1,070,659)


(2,999,207)










Finance costs


(66,260)


(223,116)


(67,211)


(229,345)

Share of profits and losses of:









Jointly-controlled entities


(965)


214


(1,053)


(1,462)

Associates


33,928


23,654


37,096


51,929










PROFIT BEFORE TAX


616,527


1,560,996


536,580


1,402,304










Income tax expense


(130,429)


(229,769)


(109,249)


(258,382)










PROFIT FOR THE PERIOD


486,098


1,331,227


427,331


1,143,922










Attributable to:









Equity holders of the parent


429,915


1,170,987


385,551


1,050,871

Non-controlling interests


56,183


160,240


41,780


93,051












486,098


1,331,227


427,331


1,143,922










EARNINGS PER SHARE 
     ATTRIBUTABLE TO
     ORDINARY EQUITY
     HOLDERS OF THE
     PARENT









Basic




109.64 HK cents




98.11 HK cents










Diluted




108.23 HK cents




97.61 HK cents

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

 



At

31 December 2012


At

31 March 2012



(Unaudited)


(Audited)



HK$'000


HK$'000

NON-CURRENT ASSETS





Property, plant and equipment


1,421,337


1,236,475

Investment properties


216,779


305,005

Prepaid land premiums


189,622


163,215

Goodwill


239,012


236,377

Intangible assets


9,148


4,591

Investments in jointly-controlled entities


125,252


33,224

Investments in associates


833,203


780,739

Available-for-sale investments


319,097


214,321

Deposit paid for acquisition of land use right


158,645


-

Deferred tax assets


55,697


32,135

Total non-current assets


3,567,792


3,006,082






CURRENT ASSETS





Inventories


5,426,104


5,154,490

Trade and bills receivables


11,932,245


10,787,427

Prepayments, deposits and other receivables


4,321,468


3,527,378

Derivative financial instruments


47,867


92,440

Cash and cash equivalents


4,197,774


4,253,966

Total current assets


25,925,458


23,815,701






CURRENT LIABILITIES





Trade and bills payables


12,038,271


12,315,472

Other payables and accruals


3,251,521


2,728,849

Tax payable


270,071


201,525

Interest-bearing bank borrowings


2,295,100


2,323,895

Bond payable


37,023


-

Total current liabilities


17,891,986


17,569,741






NET CURRENT ASSETS


8,033,472


6,245,960






TOTAL ASSETS LESS CURRENT LIABILITIES


11,601,264


9,252,042






NON-CURRENT LIABILITIES





Interest-bearing bank borrowings


3,102,494


1,692,000

Bond payable


-


36,615

Total non-current liabilities


3,102,494


1,728,615






NET ASSETS


8,498,770


7,523,427






EQUITY





Equity attributable to equity holders of the parent





Issued capital


109,341


109,273

Reserves


7,531,854


6,286,928

    Proposed final dividend


-


424,986



7,641,195


6,821,187

Non-controlling interests


857,575


702,240






TOTAL EQUITY


8,498,770


7,523,427

 

SOURCE Digital China Holdings Limited

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete between sessions.
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
WebRTC is an up-and-coming standard that enables real-time voice and video to be directly embedded into browsers making the browser a primary user interface for communications and collaboration. WebRTC runs in a number of browsers today and is currently supported in over a billion installed browsers globally, across a range of platform OS and devices. Today, organizations that choose to deploy WebRTC applications and use a host machine that supports audio through USB or Bluetooth can use Plantronics products to connect and transit or receive the audio associated with the WebRTC session.
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
Sonus Networks introduced the Sonus WebRTC Services Solution, a virtualized Web Real-Time Communications (WebRTC) offer, purpose-built for the Cloud. The WebRTC Services Solution provides signaling from WebRTC-to-WebRTC applications and interworking from WebRTC-to-Session Initiation Protocol (SIP), delivering advanced real-time communications capabilities on mobile applications and on websites, which are accessible via a browser.
SYS-CON Events announced today that Aria Systems, the leading innovator in recurring revenue, has been named “Bronze Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Proven by the world’s most demanding enterprises, including AAA NCNU, Constant Contact, Falck, Hootsuite, Pitney Bowes, Telekom Denmark, and VMware, Aria helps enterprises grow their recurring revenue businesses. With Aria’s end-to-end active monetization platform, global brands can get to market faster with a wider variety of products and services, while maximizin...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® and DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo® and DevOps Summit 2015 Silicon Valley, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
SYS-CON Events announced today that Solgenia will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional Social, Mobile and Cloud user experiences, our solutions help large and medium-sized organizations dr...
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and sim...
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...