Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

Audience Announces Fourth Quarter and Full Year 2013 Financial Results

MOUNTAIN VIEW, CA -- (Marketwired) -- 02/06/14 -- Audience, Inc. (NASDAQ: ADNC), the leader in advanced voice and audio processing for mobile devices, today announced its fourth quarter and full year 2013 financial results.

Revenue for the fourth quarter of 2013 was $33.6 million, compared with $38.7 million for the same period in 2012. As reported under U.S. generally accepted accounting principles (GAAP), fourth quarter 2013 net loss was ($2.5) million, or ($0.11) per diluted share based on weighted average shares outstanding of 22.0 million. This compares with GAAP net income of $3.4 million, or $0.15 per diluted share based on weighted average shares outstanding of 22.5 million, for the same period in 2012. Gross margin on a GAAP basis for the fourth quarter of 2013 was 53.2% of revenue, compared to 53.8% of revenue for the same period in 2012.

Non-GAAP net loss, as defined below, for the fourth quarter of 2013 was ($2.4) million, or ($0.11) per diluted share based on weighted average shares outstanding of 22.0 million. This compares with non-GAAP net income of $3.2 million, or $0.14 per diluted share based on weighted average shares outstanding of 22.5 million, for the same period in 2012. Gross margin on a non-GAAP basis for the fourth quarter of 2013 was 53.4% of revenue, compared to 54.0% of revenue for the same period in 2012.

Revenue for the full year 2013 was $160.6 million, compared with $143.9 million for 2012. Net income for the full year 2013 was $2.5 million, or $0.11 per diluted share based on weighted average shares outstanding of 23.2 million, compared to net income of $15.6 million, or $0.65 per diluted share based on weighted average shares outstanding of 15.7 million for 2012.

Non-GAAP net income for the full year of 2013 was $9.1 million, or $0.39 per diluted share based on weighted average shares outstanding of 23.2 million, compared to 2012 non-GAAP net income of $18.0 million, or $0.88 per diluted share based on weighted average shares outstanding of 20.6 million.

"We closed out 2013 with strong growth in China, thanks to momentum from customers like Xiaomi, Huawei, Yulong and Meizu," said Peter Santos, president and chief executive officer. "We kicked off 2014 at CES with the introduction of our eS700 series with Continuous VoiceQ for seamless Always-on listening and voice command capability and believe this product family will become increasingly important this year."

"With solid results in the fourth quarter we remain optimistic regarding the long-term outlook, driven by continued growth in China and further traction in the adjacent markets," said Kevin Palatnik, chief financial officer.

Business Outlook

For the first quarter of 2014, Audience expects total revenue to be in the range of $33 to $36 million. First quarter GAAP gross margin is expected to be in the range of 49% to 52%. First quarter GAAP net loss, which includes $1.5 million of expected stock-based compensation expense, is expected to be in the range of $5.1 to $6.1 million, or ($0.24) to ($0.28) per diluted share on approximately 22.1 million diluted weighted average shares outstanding.

First quarter non-GAAP gross margin is expected to be in the range of 49% to 52%. First quarter non-GAAP net loss is expected to be in the range of ($3.6) to ($4.6) million, or ($0.17) to ($0.21) per share on a diluted basis.

A schedule showing a reconciliation of the business outlook from GAAP diluted net loss per share to non-GAAP diluted net loss per share is included with this release.

The above information concerning guidance represents Audience's outlook only as of the date hereof and is subject to change as a result of amendments to material contracts and other changes in business conditions. Audience undertakes no obligation to update or revise any financial forecast or other forward looking statements, as a result of new developments or otherwise.

Quarterly Conference Call Today
Peter Santos, president and chief executive officer, and Kevin Palatnik, chief financial officer, will host a conference call today at 1:30 pm (Pacific) / 4:30 pm (Eastern). Attendees are asked to join the call at least ten minutes prior to the scheduled conference call time. The call may be accessed by dialing 1-877-212-6076 (toll free) or 1-707-287-9331 (international). The passcode is 34175768. A live and archived webcast of the call will be available on Audience's website at http://investor.audience.com for 30 days.

Audience expects that its corporate representatives will meet privately during the quarter with investors, the media, investment analysts and others. At these meetings, Audience may reiterate the business outlook published in this press release. At the same time, Audience will keep this press release, including the business outlook, publicly available on its website.

Beginning March 14, 2014, Audience will observe a Quiet Period during which Audience's representatives will not comment on Audience's business outlook, financial results or expectations. The Quiet Period will extend until the day when Audience's First Quarter 2014 Earnings Release is published, which is currently scheduled to be May 1, 2014.

Use of Non-GAAP Financial Measures
Audience prepares its financial statements in accordance with generally accepted accounting principles for the United States (GAAP). The non-GAAP financial measures, such as gross margin, net income and earnings per share information for the three months and year ended December 31, 2013 and similar periods from the prior year included in this press release are different from those otherwise presented under GAAP. The following are explanations of each type of adjustment that we incorporate into non-GAAP financial measures:

Stock-based compensation expense relates to equity incentive awards granted to our employees, directors, and consultants under GAAP. Stock-based compensation expense has been and will continue to be a significant recurring expense for Audience. While we include the dilutive impact of such equity awards in weighted average shares outstanding, the expense associated with stock-based awards reflects a non-cash charge that we exclude from non-GAAP net income.

Stock warrant revaluation expense reflected in the full year 2012 is related to preferred stock warrants outstanding that had to be revalued each quarter prior to our initial public offering. We believe the comparisons of ongoing operations should exclude effects of such revaluations as preferred stock warrant revaluation represented a non-cash expense that did not occur after our initial public offering.

On June 5, 2012, Audience entered into a lease agreement for its future corporate headquarters facility in Mountain View, California. Pursuant to the lease agreement, the lease falls under "build-to-suit" accounting treatment and therefore, in accordance with accounting for the effect of lessee involvement in asset construction, the company is considered to be the owner of the real estate project during the construction period. As such, Audience recorded an asset for construction in progress for incurred construction costs, and a liability for those costs that are not funded by the company. Additionally, the rent costs associated with the ground lease during construction was recorded to the income statement. This rent cost is a non-cash charge that the company excluded from its non-GAAP net income. The construction was completed and the lease commenced October 1, 2013. Upon lease commencement, "build-to-suit" accounting treatment was terminated. The company concluded that the lease qualifies for sale-leaseback accounting treatment and that the lease is to be recorded as an operating lease.

Non-GAAP financial information is adjusted for a tax rate equal to our annual estimated tax rate on non-GAAP income. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenues and expenses and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities.

The shares used to compute non-GAAP basic and diluted net income per share include the assumed conversion of all outstanding shares of convertible preferred stock and certain preferred stock warrants into shares of common stock using the as-if converted method as of the beginning of each period presented or the date of issuance, if later. In May 2012, in conjunction with the closing of our initial public offering, all of our outstanding preferred stock was converted into shares of our common stock.

Audience has provided these measures in addition to GAAP financial results because management believes these non-GAAP measures help provide a consistent basis for comparison between quarters and annual growth rates that are not influenced by certain non-cash charges and therefore are helpful in understanding Audience's underlying operating results. These non-GAAP measures are some of the primary measures Audience's management uses for planning and forecasting. These measures are not in accordance with, or an alternative to, GAAP and these non-GAAP measures may not be comparable to information provided by other companies. Reconciliations of the GAAP to non-GAAP results are presented at the end of this press release.

Cautionary Note Concerning Forward-Looking Statements

Statements in the press release and certain matters to be discussed on the fourth quarter conference call regarding Audience, Inc., which are not historical facts, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as believe, expect, may, will, provide, could and should and the negative of these terms or other similar expressions. These statements, including statements relating to expectations of future revenue, net income and operating margin performance, diversification of our customer base, future success for various products and our leadership position in the market, reporting on wins in the market and the demand for our solutions including continued demand by customers upon whom we are substantially dependent are based on current expectations and assumptions that are subject to risks and uncertainties. Our actual results could differ materially from those we anticipate as a result of various factors, including: completion of our 2013 audit and potential fluctuations in the company's quarterly and annual operating results and financial condition, including but not limited to matters related to tax; our dependence on a single OEM, Samsung Electronics Co. Ltd., for a substantial portion of our revenue; weak demand for high end smart phones and the impact on our business; our need to maintain and expand our existing relationships with our OEMs, including Samsung and leading Chinese OEMs and to establish relationships with new OEMs in order to maintain and increase our revenue; our ability to sustain profitable operations due to our history of losses and accumulated deficit; quarterly fluctuations in our results due to factors such as the timing of OEM product launches, customer purchasing behavior in light of anticipated mobile phone launches; our assessments of whether we have excess or obsolete inventory; increasing competition and new entrants in the market for our products; our need to diversify our sources of revenue; our ability to enter new end user product markets, as well as new geographic markets; pressure on the average selling prices for our products; our lengthy sales cycle and the lack of certainty as to whether any given OEM's products will achieve market acceptance; our OEMs' lengthy and expensive process to qualify our products; our ability to develop new or enhanced products in a timely manner that achieve market acceptance; our reliance on third parties to manufacture, assemble and test our products; defects that may be present in our products; the impact of future intellectual property litigation and claims for indemnification; changes in tax laws or our ability to utilize our tax structure and net operating losses and other risks inherent in fabless semiconductor businesses. For a discussion of these and other related risks, please refer to "Risk Factors" in our most recent Form 10-Q for the three months ended September 30, 2013, which is available on the SEC's website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date made. You should review our SEC filings carefully and with the understanding that our actual future results may be materially different from what we expect.

Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

About Audience
Audience is the leader in advanced voice and audio processing for mobile devices. Its family of earSmart™ intelligent voice processors is based on the processes of human hearing, to suppress background noise and enhance mobile voice quality. Audience's technology substantially improves the mobile voice experience, while also improving the performance of speech-based services, and enhancing audio quality for multimedia. Audience earSmart™ processors are featured in mobile devices from leading providers in Asia Pacific, Europe and the U.S. The company is based in Mountain View, California. For more information, see www.audience.com.

ADNC-F

                               Audience, Inc.
                   Condensed consolidated balance sheets
                               (in thousands)
                                (unaudited)

                                              December 31,    December 31,
                                                  2013            2012
                                             --------------  --------------
Assets
Current assets:
  Cash and cash equivalents                  $      124,691  $      109,606
  Short-term investments                             14,855          18,032
  Restricted cash                                       170               -
  Accounts receivable, net                            6,091          12,926
  Inventories                                        13,581          13,266
  Other current assets                                4,675           3,669
                                             --------------  --------------
    Total current assets                            164,063         157,499

Property and equipment, net                          13,533          11,801
Restricted cash--noncurrent portion                       -             170
Other noncurrent assets                               2,402           1,389
                                             --------------  --------------
    Total assets                             $      179,998  $      170,859
                                             ==============  ==============

Liabilities and stockholders' equity
Current liabilities:
  Accounts payable                           $        6,304  $        9,745
  Accrued and other current liabilities              10,825           9,228
  Deferred credits and income                           265             285
  Financing obligation for construction in
   progress                                               -           5,290
                                             --------------  --------------
    Total current liabilities                        17,394          24,548

Taxes payable - noncurrent                              935             376
Other liabilities - noncurrent                        1,862               -
                                             --------------  --------------
    Total liabilities                                20,191          24,924
                                             --------------  --------------

Stockholders' equity:
  Preferred stock                                         -               -
  Common stock                                           22              21
  Additional paid-in capital                        183,840         172,461
  Accumulated other comprehensive income                 (1)              3
  Accumulated deficit                               (24,054)        (26,550)
                                             --------------  --------------
    Total shareholders' equity                      159,807         145,935
                                             --------------  --------------
Total liabilities and stockholders' equity   $      179,998  $      170,859
                                             ==============  ==============


                               Audience, Inc.
              Condensed consolidated statements of operations
                   (in thousands, except per share data)
                                (unaudited)

                                  Three months ended        Year ended
                                     December 31,          December 31,
                                 --------------------  --------------------
                                    2013       2012       2013       2012
                                 ---------  ---------  ---------  ---------

Revenue:
  Hardware                       $  31,529  $  34,462  $ 150,430  $ 107,267
  Licensing                          2,032      4,227     10,121     36,638
                                 ---------  ---------  ---------  ---------

    Total revenue                   33,561     38,689    160,551    143,905

Cost of revenue                     15,705     17,855     71,166     62,247
                                 ---------  ---------  ---------  ---------

    Gross profit                    17,856     20,834     89,385     81,658

Operating expenses:
  Research and development          11,941      8,473     43,239     31,520
  Selling, general and
   administrative                   10,389     10,498     41,456     35,271
                                 ---------  ---------  ---------  ---------
Total operating expenses            22,330     18,971     84,695     66,791
                                 ---------  ---------  ---------  ---------

Income (loss) from operations       (4,474)     1,863      4,690     14,867

Interest income, net                    29         74        157        164
Other expense, net                     (72)       (82)      (281)      (586)
                                 ---------  ---------  ---------  ---------

Income (loss) before income
 taxes                              (4,517)     1,855      4,566     14,445
Income tax expense (benefit)        (2,023)    (1,584)     2,069     (1,152)
                                 ---------  ---------  ---------  ---------

Net income (loss)                $  (2,494) $   3,439  $   2,497  $  15,597
                                 =========  =========  =========  =========

Net income (loss) per share:
  Basic                          $   (0.11) $    0.17  $    0.12  $    0.73
                                 =========  =========  =========  =========
  Diluted                        $   (0.11) $    0.15  $    0.11  $    0.65
                                 =========  =========  =========  =========

Weighted average shares used in
 computing net income (loss) per
 share:
  Basic                             22,012     20,587     21,467     13,377
                                 =========  =========  =========  =========
  Diluted                           22,012     22,460     23,197     15,687
                                 =========  =========  =========  =========


                               Audience, Inc.
             GAAP to Non-GAAP net income (loss) reconciliation
                               (in thousands)
                                (unaudited)

                                   Three months ended        Year ended
                                      December 31,          December 31,
                                  --------------------  -------------------
                                     2013       2012       2013      2012
                                  ---------  ---------  --------- ---------

GAAP net income (loss)            $  (2,494) $   3,439  $   2,497 $  15,597
  Stock-based compensation            1,464        944      5,660     3,134
  Non-cash rent expense                   -        431        663       579
  Revaluation of warrant
   liability                              -          -          -       290
  Valuation allowance                     -     (1,605)         -    (1,605)
  Tax adjustments                    (1,408)         -        295         -
                                  ---------  ---------  --------- ---------
Non-GAAP net income (loss)        $  (2,438) $   3,209  $   9,115 $  17,995
                                  =========  =========  ========= =========



                               Audience, Inc.
              Unaudited computation of GAAP earnings per share
                (in thousands, except for per share amounts)
                                (unaudited)

                                    Three months ended       Year ended
                                       December 31,         December 31,
                                   -------------------- -------------------
                                      2013       2012      2013      2012
                                   ---------  --------- --------- ---------

Computation of GAAP net income
 (loss) per share:

GAAP net income (loss)             $  (2,494) $   3,439 $   2,497 $  15,597
Non-cumulative dividends to
 preferred stockholders                    -          -         -    (2,247)
Undistributed earnings allocated
 to preferred stockholders                 -          -         -    (3,583)
                                   ---------  --------- --------- ---------
Net income (loss) - basic             (2,494)     3,439     2,497     9,767
Adjustment for undistributed
 earnings reallocated to the
 holders of common stock                   -          -         -       402
                                   ---------  --------- --------- ---------
Net income (loss) - diluted        $  (2,494) $   3,439 $   2,497 $  10,169
                                   =========  ========= ========= =========

Weighted average shares used in
 computing net income (loss) per
 share:
  Basic                               22,012     20,587    21,467    13,377
                                   =========  ========= ========= =========
  Diluted                             22,012     22,460    23,197    15,687
                                   =========  ========= ========= =========

Net income (loss) per share:
  Basic                            $   (0.11) $    0.17 $    0.12 $    0.73
                                   =========  ========= ========= =========
  Diluted                          $   (0.11) $    0.15 $    0.11 $    0.65
                                   =========  ========= ========= =========


                             Audience, Inc.
     Reconciliation of GAAP to non-GAAP diluted earnings per share
                 (in thousands, except per share data)
                              (unaudited)

                               Three months ended        Year ended
                                  December 31,          December 31,
                              --------------------  -------------------
                                 2013       2012       2013      2012
                              ---------  ---------  --------- ---------

GAAP net income (loss)        $  (2,494) $   3,439  $   2,497 $  15,597
Non-cumulative dividends to
 preferred stockholders               -          -          -    (2,247) (B)
Undistributed earnings
 allocated to preferred
 stockholders                         -          -          -    (3,583)
                              ---------  ---------  --------- ---------
GAAP net income (loss) -
 basic                           (2,494)     3,439      2,497     9,767
Adjustment for undistributed
 earnings reallocated to the
 holders of common stock              -          -          -       402
                              ---------  ---------  --------- ---------
GAAP net income (loss) -
 diluted                         (2,494)     3,439  $   2,497 $  10,169
Non-GAAP adjustments:
  Stock-based compensation        1,464        944      5,660     3,134
  Non-cash rent expense               -        431        663       579
  Revaluation of warrant
   liability                          -          -          -       290
  Non-GAAP as if converted
   method                             -          -          -     5,428  (A)
  Valuation allowance                 -     (1,605)         -    (1,605)
  Effective tax rate change      (1,408)         -        295         -
                              ---------  ---------  --------- ---------
Non-GAAP net income (loss) -
 diluted                      $  (2,438) $   3,209  $   9,115 $  17,995
                              =========  =========  ========= =========

GAAP - diluted weighted
 average shares                  22,012     22,460     23,197    15,687
                              =========  =========  ========= =========
Non-GAAP - diluted weighted
 average shares                  22,012     22,460     23,197    20,558
                              =========  =========  ========= =========


GAAP - diluted net income
 (loss) per share             $   (0.11) $    0.15  $    0.11 $    0.65
Non-GAAP adjustments:
  Stock-based compensation         0.06       0.04       0.24      0.15
  Non-cash rent expense               -       0.02       0.03      0.03
  Revaluation of warrant
   liability                          -          -          -      0.01
  Non-GAAP as if converted
   method                             -          -          -      0.11  (B)
  Valuation allowance                 -      (0.07)         -     (0.07)
  Effective tax rate change       (0.06)         -       0.01         -
                              ---------  ---------  --------- ---------
Non-GAAP - diluted net income
 (loss) per share             $   (0.11) $    0.14  $    0.39 $    0.88
                              =========  =========  ========= =========

-----------------------------

(A)  Non-GAAP net income was adjusted by $5,428 for the twelve months ended
     December 31, 2012 to give effect to the conversion of our convertible
     preferred stock and certain preferred stock warrants using the as-if
     converted method into common shares as if the conversion had occurred
     as of the beginning of the period presented.

(B)  Non-GAAP diluted EPS for the twelve months ended December 31, 2012 was
     computed to give effect to the conversion of our convertible preferred
     stocks and certain preferred stock warrants using the as-if converted
     method into common shares as if the conversion had occurred as of the
     beginning of the period. Therefore to bridge the GAAP to non-GAAP EPS
     the non-cumulative dividends to preferred stockholders should not be
     allocated to stockholders for the twelve months ended December 31, 2012
     of $2,247.



                               Audience, Inc.
            Reconciliation of GAAP to Non-GAAP Operating Results
                    (in thousands, except per share data)
                                 (unaudited)

                  Three months ended December   Three months ended December
                            31, 2013                      31, 2012
                 ----------------------------- -----------------------------
                 Reported                      Reported
                   GAAP   Adjustments Non-GAAP   GAAP   Adjustments Non-GAAP
                 -------- ----------- -------- -------- ----------- --------

Total revenue    $ 33,561 $         - $ 33,561 $ 38,689 $         - $ 38,689

Cost of revenue
 (1)               15,705         (79)  15,626   17,855         (45)  17,810

                 -------- ----------- -------- -------- ----------- --------
Gross profit       17,856          79   17,935   20,834          45   20,879

Total operating
 costs (1)         22,330      (1,386)  20,944   18,971      (1,330)  17,641
                 -------- ----------- -------- -------- ----------- --------
Income (loss)
 from operations $ (4,474)$     1,465 $ (3,009)$  1,863 $     1,375 $  3,238


Income (loss)
 before income
 taxes           $ (4,517)$     1,465 $ (3,052)$  1,855 $     1,375 $  3,230

Income tax
 expense
 (benefit) (2)     (2,023)      1,409     (614)  (1,584)      1,605       21
                 -------- ----------- -------- -------- ----------- --------

Net income
 (loss)          $ (2,494)$        56 $ (2,438)$  3,439 $      (230)$  3,209
                 ======== =========== ======== ======== =========== ========

----------------
(1) Adjustment relates to stock-based compensation expense and non-cash rent
 expense recognized during the period for GAAP purposes.
(2) Adjustment reflects the tax benefit from all non-GAAP adjustments for
 the 2013 period, and the tax valuation allowance benefit for the 2012
 period.


                  Year ended December 31, 2013  Year ended December 31, 2012
                 ----------------------------- -----------------------------
                 Reported                      Reported
                   GAAP   Adjustments Non-GAAP   GAAP   Adjustments Non-GAAP
                 -------- ----------- -------- -------- ----------- --------

Total revenue    $160,551 $         - $160,551 $143,905 $         - $143,905

Cost of revenue
 (1)               71,166        (305)  70,861   62,247        (150)  62,097

                 -------- ----------- -------- -------- ----------- --------
Gross profit       89,385         305   89,690   81,658         150   81,808

Total operating
 costs (1)         84,695      (6,323)  78,372   66,791      (3,563)  63,228
                 -------- ----------- -------- -------- ----------- --------
Income from
 operations      $  4,690 $     6,628 $ 11,318 $ 14,867 $     3,713 $ 18,580


Income before
 income taxes    $  4,566 $     6,628 $ 11,194 $ 14,445 $     4,003 $ 18,448

Income tax
 expense
 (benefit) (2)      2,069          10    2,079   (1,152)      1,605      453
                 -------- ----------- -------- -------- ----------- --------

Net income       $  2,497 $     6,618 $  9,119 $ 15,597 $     2,398 $ 17,995
                 ======== =========== ======== ======== =========== ========

----------------
(1) Adjustment relates to stock-based compensation expense and non-cash rent
 expense recognized during the period for GAAP purposes.
(2) Adjustment reflects the tax benefit from all non-GAAP adjustments for
 the 2013 period, and the tax valuation allowance benefit for the 2012
 period.



                               Audience, Inc.
    Estimated computation of GAAP to non-GAAP diluted earnings per share
                                 (unaudited)

                                                              Three months
                                                                 ending
                                                             March 31, 2014
                                                           -----------------

Estimated GAAP diluted net loss per share                  ($0.24) - ($0.28)
Estimated stock-based compensation expense per share             $0.07
                                                           -----------------
Non-GAAP diluted net loss per share                        ($0.17) - ($0.21)
                                                           =================


For more information, contact:

Investors
The Blueshirt Group
Suzanne Schmidt
415-217-4962
Email Contact

Melanie Solomon
415-217-4964
Email Contact

Media and Industry Analysts
Diane Vanasse
408-242-0027
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...