|By Business Wire||
|January 17, 2013 04:01 PM EST||
Intel Corporation today reported full-year revenue of $53.3 billion, operating income of $14.6 billion, net income of $11.0 billion and EPS of $2.13. The company generated approximately $18.9 billion in cash from operations, paid dividends of $4.4 billion, and used $4.8 billion to repurchase 191 million shares of stock.
For the fourth quarter, Intel posted revenue of $13.5 billion, operating income of $3.2 billion, net income of $2.5 billion and EPS of 48 cents. The company generated approximately $6 billion in cash from operations, paid dividends of $1.1 billion and used $1.0 billion to repurchase 47 million shares of stock.
“The fourth quarter played out largely as expected as we continued to execute through a challenging environment,” said Paul Otellini, Intel president and CEO. “We made tremendous progress across the business in 2012 as we entered the market for smartphones and tablets, worked with our partners to reinvent the PC, and drove continued innovation and growth in the data center. As we enter 2013, our strong product pipeline has us well positioned to bring a new wave of Intel innovations across the spectrum of computing.”
Full-Year 2012 Key Financial Information and Business Unit Trends
- PC Client Group had revenue of $34.3 billion, down 3 percent from 2011.
- Data Center Group had revenue of $10.7 billion, up 6 percent from 2011.
- Other Intel architecture group had revenue of $4.4 billion, down 13 percent from 2011.
Q4 Key Financial Information and Business Unit Trends
- PC Client Group revenue of $8.5 billion, down 1.5 percent sequentially and down 6 percent year-over-year.
- Data Center Group revenue of $2.8 billion, up 7 percent sequentially and up 4 percent year-over-year.
- Other Intel® architecture group revenue of $1.0 billion, down 14 percent sequentially and down 7 percent year-over-year.
- Gross margin of 58 percent, 1.0 percentage point above the midpoint of the company’s expectation of 57 percent.
- R&D plus MG&A spending $4.6 billion, in line with the company’s expectation of approximately $4.5 billion.
- Tax rate of 23 percent, below the company’s expectation of approximately 27 percent.
Intel’s Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures or other investments that may be completed after Jan. 17.
- Revenue: low single-digit percentage increase.
- Gross margin percentage: 60 percent, plus or minus a few percentage points.
- R&D plus MG&A spending: $18.9 billion, plus or minus $200 million.
- Amortization of acquisition-related intangibles: approximately $300 million.
- Depreciation: $6.8 billion, plus or minus $100 million.
- Impact of equity investments and interest and other: net gain of approximately $100 million.
- Tax Rate: approximately 25 percent.
- Full-year capital spending: $13.0 billion, plus or minus $500 million.
- Revenue: $12.7 billion, plus or minus $500 million.
- Gross margin percentage: 58 percent, plus or minus a couple percentage points.
- R&D plus MG&A spending: approximately $4.6 billion.
- Amortization of acquisition-related intangibles: approximately $75 million.
- Impact of equity investments and interest and other: net loss of approximately $50 million.
- Depreciation: approximately $1.7 billion.
For additional information regarding Intel’s results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.
Status of Business Outlook
Intel’s Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business Mar. 15 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on Jan. 24. Intel’s Quiet Period will start from the close of business on Mar. 15 until publication of the company’s first-quarter earnings release, scheduled for April 16, 2013. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.
|GAAP Financial Comparison|
|Revenue||$53.3 billion||$54.0 billion||down 1.2%|
|Gross Margin||62.1%||62.5%||down 0.4 pts.|
|Operating Income||$14.6 billion||$17.5 billion||down 16%|
|Net Income||$11.0 billion||$12.9 billion||down 15%|
|Earnings Per Share||$2.13||$2.39||down 11%|
|Non-GAAP Financial Comparison|
|Gross Margin||63.2%||63.4%||down 0.2 pts.|
|Operating Income||$15.5 billion||$18.2 billion||down 15%|
|Net Income||$11.6 billion||$13.5 billion||down 14%|
|Earnings Per Share||$2.24||$2.50||down 10%|
Non-GAAP results exclude the amortization of acquisition-related
|GAAP Financial Comparison|
|Q4 2012||Q4 2011||vs. Q4 2011|
|Revenue||$13.5 billion||$13.9 billion||down 3%|
|Gross Margin||58.0%||64.5%||down 6.5 pts.|
|Operating Income||$3.2 billion||$4.6 billion||down 31%|
|Net Income||$2.5 billion||$3.4 billion||down 27%|
|Earnings Per Share||48 cents||64 cents||down 25%|
|Non-GAAP Financial Comparison|
|Q4 2012||Q4 2011||vs. Q4 2011|
|Gross Margin||59.0%||65.4%||down 6.4 pts.|
|Operating Income||$3.4 billion||$4.8 billion||down 30%|
|Net Income||$2.6 billion||$3.5 billion||down 26%|
|Earnings Per Share||51 cents||67 cents||down 24%|
Non-GAAP results exclude the amortization of acquisition-related
The above statements and any others in this document that refer to plans and expectations for the first quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be the important factors that could cause actual results to differ materially from the company’s expectations.
- Demand could be different from Intel's expectations due to factors including changes in business and economic conditions; customer acceptance of Intel’s and competitors’ products; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers. Uncertainty in global economic and financial conditions poses a risk that consumers and businesses may defer purchases in response to negative financial events, which could negatively affect product demand and other related matters.
- Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel's products; actions taken by Intel's competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel’s response to such actions; and Intel’s ability to respond quickly to technological developments and to incorporate new features into its products.
- The gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; start-up costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; product manufacturing quality/yields; and impairments of long-lived assets, including manufacturing, assembly/test and intangible assets.
- The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
- Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments. The majority of our marketable equity security portfolio balance is concentrated in ASML Holding, N.V., and declines in value could result in impairment charges, impacting gains or losses on equity securities.
- Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
- Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel's products and the level of revenue and profits.
- Intel’s results could be affected by the timing of closing of acquisitions and divestitures.
- Intel’s current chief executive officer plans to retire in May 2013 and the Board of Directors is working to choose a successor. The succession and transition process may have a direct and/or indirect effect on the business and operations of the company. In connection with the appointment of the new CEO, the company will seek to retain our executive management team (some of whom are being considered for the CEO position), and keep employees focused on achieving the company’s strategic goals and objectives.
- Intel's results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues, such as the litigation and regulatory matters described in Intel's SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel’s ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.
A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the company’s most recent Form 10-Q and report on Form 10-K.
Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.
Intel plans to report its earnings for the first quarter of 2013 on April 16, 2013. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, executive vice president, chief financial officer, and director of corporate strategy, at www.intc.com/results.cfm. A public webcast of Intel’s earnings conference call will follow at 2 p.m. PDT at www.intc.com.
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.
Intel, the Intel logo and Ultrabook are trademarks of Intel Corporation in the United States and other countries.
*Other names and brands may be claimed as the property of others.
|CONSOLIDATED SUMMARY STATEMENT OF INCOME DATA|
|(In millions, except per share amounts)|
|Three Months Ended||Twelve Months Ended|
|Dec 29,||Dec 31,||Dec 29,||Dec 31,|
|Cost of sales||5,660||4,935||20,190||20,242|
|Research and development||2,629||2,308||10,148||8,350|
|Marketing, general and administrative||1,958||1,973||8,057||7,670|
|R&D AND MG&A||4,587||4,281||18,205||16,020|
|Amortization of acquisition-related intangibles||75||72||308||260|
|Gains (losses) on equity investments, net||60||17||141||112|
|Interest and other, net||(11)||(29)||94||192|
|INCOME BEFORE TAXES||3,204||4,587||14,873||17,781|
|Provision for taxes||736||1,227||3,868||4,839|
|BASIC EARNINGS PER COMMON SHARE||$||0.50||$||0.66||$||2.20||$||2.46|
|DILUTED EARNINGS PER COMMON SHARE||$||0.48||$||0.64||$||2.13||$||2.39|
|WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:|
|CONSOLIDATED SUMMARY BALANCE SHEET DATA|
|Dec 29,||Sept 29,||Dec 31,|
|Cash and cash equivalents||$||8,478||$||3,520||$||5,065|
|Accounts receivable, net||3,833||3,938||3,650|
|Work in process||2,219||2,363||1,680|
|Deferred tax assets||2,117||1,633||1,700|
|Other current assets||2,512||1,659||1,589|
|TOTAL CURRENT ASSETS||31,358||23,014||25,872|
|Property, plant and equipment, net||27,983||27,157||23,627|
|Marketable equity securities||4,424||3,924||562|
|Other long-term investments||493||469||889|
|Identified intangible assets, net||6,235||6,221||6,267|
|Other long-term assets||4,148||4,033||4,648|
|Accrued compensation and benefits||2,972||2,320||2,948|
|Other accrued liabilities||3,644||3,339||2,814|
|TOTAL CURRENT LIABILITIES||12,898||11,953||12,028|
|Long-term deferred tax liabilities||3,412||2,904||2,617|
|Other long-term liabilities||3,702||3,215||3,479|
|Common stock and capital in excess of par value||19,464||19,278||17,036|
|Accumulated other comprehensive income (loss)||(399)||(501)||(781)|
|TOTAL STOCKHOLDERS' EQUITY||51,203||49,269||45,911|
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY||$||84,351||$||74,441||$||71,119|
|SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION|
|Q4 2012||Q3 2012||Q4 2011|
|Cash and short-term investments||$12,477||$6,003||$10,246|
|Trading assets - marketable debt securities||5,685||4,462||4,591|
|Total cash investments||$18,162||$10,465||$14,837|
|CURRENT DEFERRED INCOME:|
|Deferred income on shipments of components to distributors||$694||$791||$751|
|Deferred income from software and services group||1,238||1,163||1,178|
|Total current deferred income||$1,932||$1,954||$1,929|
|SELECTED CASH FLOW INFORMATION:|
|Amortization of intangibles||$364||$268||$256|
|Investments in non-marketable equity instruments||($117)||($163)||($124)|
|Equity investment in ASML Holding N.V.||—||(3,218)||—|
|Stock repurchase program||($1,000)||(1,165)||(4,133)|
|Proceeds from sales of shares to employees & excess tax benefit||$139||$299||$1,129|
|Issuance of long-term debt||$6,124||—||—|
|Net cash (used)/received for acquisitions/divestitures||($70)||($110)||($244)|
|EARNINGS PER COMMON SHARE INFORMATION:|
|Weighted average common shares outstanding - basic||4,968||4,996||5,069|
|Dilutive effect of employee equity incentive plans||73||93||115|
|Dilutive effect of convertible debt||54||64||58|
|Weighted average common shares outstanding - diluted||5,095||5,153||5,242|
|Cumulative shares repurchased (in billions)||4.3||4.2||4.1|
|Remaining dollars authorized for buyback (in billions)||$5.3||$6.3||$10.1|
|Employees (in thousands)||105.0||104.7||100.1|
|SUPPLEMENTAL OPERATING GROUP RESULTS|
|Three Months Ended||Twelve Months Ended|
|Dec 29,||Dec 31,||Dec 29,||Dec 31,|
|PC Client Group||$||8,506||$||9,047||$||34,274||$||35,406|
|Data Center Group||2,830||2,717||10,741||10,129|
|Other Intel Architecture Group||1,018||1,099||4,378||5,005|
|Intel Architecture Group||12,354||12,863||49,393||50,540|
|Software and Services Group||636||578||2,381||1,870|
|TOTAL NET REVENUE||$||13,477||$||13,887||$||53,341||$||53,999|
|Operating income (loss)|
|PC Client Group||$||2,817||$||3,952||$||13,053||$||14,793|
|Data Center Group||1,329||1,453||5,073||5,100|
|Other Intel Architecture Group||(495)||(368)||(1,377)||(577)|
|Intel Architecture Group||$||3,651||$||5,037||16,749||19,316|
|Software and Services Group||(36)||16||(11)||(32)|
|TOTAL OPERATING INCOME||$||3,155||$||4,599||$||14,638||$||17,477|
|In the second quarter of 2012, we reorganized our smartphone, tablet, and mobile communication businesses within the other Intel architecture operating group to enable us to move faster and with greater collaboration and synergies in the market segment for mobile devices. As part of the reorganization, the former Netbook and Tablet Group has been separated into the following new operating groups: Netbook Group, Tablet Group, and Service Provider Group. Additionally, the former Ultra-Mobility Group is now the Phone Group. The other Intel architecture operating group continues to include the Intelligent Systems Group and Intel Mobile Communications. The other Intel architecture operating group aggregation has not changed. Our operating groups shown above are comprised of the following:|
|• PC Client Group: Delivering platforms designed for the notebook and desktop (including high-end enthusiast PCs) market segments; and wireless connectivity products.|
|• Data Center Group: Delivering platforms designed for the server, workstation, and storage computing market segments; and wired network connectivity products.|
|• Other Intel Architecture Group consist of the following:|
|• Intelligent Systems Group: Delivering platforms designed for embedded applications.|
|• Netbook Group: Delivering platforms designed for the netbook market segment.|
|• Intel Mobile Communications: Delivering mobile phone components such as baseband processors, radio frequency transceivers, and power management chips.|
|• Tablet Group: Delivering platforms designed for the tablet market segment.|
|• Phone Group: Delivering platforms designed for the smartphone market segment.|
|• Service Provider Group: Delivering gateway and set top box components.|
|• Software and Services Group consists of the following:|
|• McAfee: A wholly owned subsidiary delivering software products for endpoint security, network and content security, risk and compliance, and consumer and mobile security.|
• Wind River Software Group: A wholly owned subsidiary delivering software optimized products for the embedded and mobile market segments.
|• Software and Services Group: Delivering software products and services that promote Intel Architecture as the platform of choice for software development.|
|All Other consists of the following:|
|• Non-Volatile Memory Solutions Group: Delivering NAND flash memory products for use in a variety of devices.|
|• Corporate: Revenue, expenses and charges such as:|
• A portion of profit-dependent compensation and other expenses not
allocated to the operating groups.
• Divested businesses and results of seed businesses that support our initiatives.
• Acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill.
|SUPPLEMENTAL PLATFORM REVENUE INFORMATION|
|Q4 2012||Q4 2012||2012|
|compared to Q3 2012||compared to Q4 2011||compared to 2011|
|PC Client Platform|
|Average Selling Prices||2%||0%||(2%)|
|Data Center Platform|
|Average Selling Prices||8%||5%||6%|
|PC Client Group Notebook and Desktop Platform Key Drivers|
|-Notebook platform average selling prices decreased 6% from 2011 to 2012|
|-Notebook platform volumes increased 2% from 2011 to 2012|
|-Desktop platform average selling prices increased 4% from 2011 to 2012|
|-Desktop platform volume decreased 5% from 2011 to 2012|
|SUPPLEMENTAL RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS|
|In addition to disclosing financial results in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this document contains non-GAAP financial measures that we believe are helpful in understanding and comparing our past financial performance and our expectations for future results. The non-GAAP financial measures disclosed by the company exclude the amortization of acquisition-related intangible assets, as well as the related income tax effect. Amortization of acquisition-related intangible assets consists of the amortization of developed technology, trade names, and customer relationships acquired in connection with business combinations. We record charges relating to the amortization of these intangibles in our GAAP financial statements. Amortization charges for our acquisition-related intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. Consequently, our non-GAAP adjustment excludes these charges to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.|
|Set forth below are reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. The non-GAAP financial measures disclosed by the company have limitations and should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated. Management believes the non-GAAP financial measures are appropriate for period to period comparisons in our budget, planning and evaluation processes, and to show the reader how our performance compares to other periods.|
|(In millions, except per share amounts)|
|Three Months Ended||Twelve Months Ended|
|Dec 29,||Dec 31,||Dec 29,||Dec 31,|
|GAAP GROSS MARGIN||$||7,817||$||8,952||$||33,151||$||33,757|
|Adjustment for the amortization of acquisition-related intangibles||137||137||557||482|
|NON-GAAP GROSS MARGIN||$||7,954||$||9,089||$||33,708||$||34,239|
|GAAP GROSS MARGIN PERCENTAGE||58.0%||64.5%||62.1%||62.5%|
|Adjustment for the amortization of acquisition-related intangibles||1.0%||0.9%||1.1%||0.9%|
|NON-GAAP GROSS MARGIN PERCENTAGE||59.0%||65.4%||63.2%||63.4%|
|GAAP OPERATING INCOME||$||3,155||$||4,599||$||14,638||$||17,477|
|Adjustment for the amortization of acquisition-related intangibles||212||209||865||742|
|NON-GAAP OPERATING INCOME||$||3,367||$||4,808||$||15,503||$||18,219|
|GAAP NET INCOME||$||2,468||$||3,360||$||11,005||$||12,942|
|Amortization of acquisition-related intangibles||212||209||865||742|
|Income tax effect||(71)||(46)||(290)||
|NON-GAAP NET INCOME||$||2,609||$||3,523||$||11,580||$||
|GAAP DILUTED EARNINGS PER COMMON SHARE||$||0.48||$||0.64||$||2.13||$||2.39|
|Amortization of acquisition-related intangibles||0.04||0.04||0.17||0.14|
|Income tax effect||(0.01)||(0.01)||(0.06)||(0.03)|
|NON-GAAP DILUTED EARNINGS PER COMMON SHARE||$||0.51||$||0.67||$||2.24||$||2.50|
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The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
Oct. 30, 2014 11:00 AM EDT Reads: 2,177
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, will examine 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...
Oct. 30, 2014 08:00 AM EDT Reads: 1,582
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
Oct. 30, 2014 07:30 AM EDT Reads: 2,278
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., will show what is needed to leverage the IoT to transform your business. He will discuss opportunities and challenges ahead for the IoT from a market and tec...
Oct. 29, 2014 11:00 PM EDT Reads: 1,551
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
Oct. 29, 2014 02:15 PM EDT Reads: 2,074
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An...
Oct. 29, 2014 01:00 PM EDT Reads: 1,624
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
Oct. 29, 2014 10:00 AM EDT Reads: 2,126
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Oct. 29, 2014 10:00 AM EDT Reads: 2,054
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
Oct. 29, 2014 09:00 AM EDT Reads: 2,089