Welcome!

Python Authors: AppDynamics Blog, Elizabeth White, XebiaLabs Blog, Hovhannes Avoyan, Carmen Gonzalez

News Feed Item

MicroStrategy Announces Third Quarter 2012 Financial Results

Diluted Earnings per Share of $0.43

TYSONS CORNER, Va., Oct. 29, 2012 /PRNewswire/ -- MicroStrategy® Incorporated (Nasdaq: MSTR), a leading global provider of business intelligence (BI) software, today announced financial results for the three-month period ended September 30, 2012 (the third quarter of its 2012 fiscal year).

Third quarter 2012 revenues were $143.2 million versus $141.7 million for the third quarter of 2011, a 1% increase.  Product licenses revenues for the third quarter of 2012 were $31.7 million versus $39.3 million for the third quarter of 2011, a 19% decrease.  Product support and other services revenues for MicroStrategy's core BI business for the third quarter of 2012 were $104.3 million versus $96.6 million for the third quarter of 2011, an 8% increase. 

Operating expenses for the third quarter of 2012 were $99.0 million versus $103.5 million for the third quarter of 2011, a 4% decrease. The decrease in operating expenses was primarily driven by a reduction in sales and marketing expense.  In addition, during the third quarter of 2012, MicroStrategy capitalized $3.1 million in costs associated with the development of its MicroStrategy 9.3 software versus $0.5 million in costs capitalized during the third quarter of 2011 associated with the development of its MicroStrategy 9.2.1 software.

Net income for the third quarter of 2012 was $4.8 million, or $0.43 per share on a diluted basis, compared to $4.9 million, or $0.44 per share on a diluted basis, for the third quarter of 2011.  Third quarter 2011 net income included a $3.4 million pre-tax gain on the sale of an equity investment.

As of September 30, 2012, MicroStrategy had cash and cash equivalents of $216.6 million versus $199.6 million as of December 31, 2011, an increase of $17.0 million.  As of September 30, 2012, MicroStrategy had 8,997,703 shares of class A common stock and 2,227,327 shares of class B common stock outstanding.

Third Quarter Highlights in Big Data, Mobile Applications, Cloud-based BI, and Social Intelligence Technologies

In the third quarter of 2012, MicroStrategy continued to work to provide visionary thought leadership, innovative new products, and superior service to its customers as they grappled with the challenges and opportunities posed by Big Data, Mobile Applications, Cloud-based BI, and Social Intelligence.  In the third quarter, MicroStrategy announced:

  • The general availability of MicroStrategy 9.3™, the new release of the Company's core business intelligence platform. MicroStrategy 9.3 includes dozens of powerful new capabilities and improvements to Visual Insight, MicroStrategy's data discovery software, increased support for advanced analytics from 'R' – an open source language for predictive analysis – and improved connectivity to Hadoop®.  In addition, MicroStrategy 9.3 delivers a high speed "Google-like" search experience and introduces an innovative, new administration product, MicroStrategy System Manager™, for automating manual, multi-step processes.  Taken together, these enhancements help ensure that business people receive critical business information at the right time for making better business decisions.
  • The beta release of MicroStrategy Cloud Express™, a SaaS-based BI solution that enables anyone – regardless of organizational size or technical skill – to automate publication of personalized, pixel-perfect reports and dashboards to any size group, and to deploy powerful data-driven mobile apps to thousands of users within days.  The addition of MicroStrategy Cloud Express adds a new service level to the MicroStrategy Cloud™, which first became generally available in 2011 with Personal and Platform service options.
  • The general availability of MicroStrategy Wisdom Professional™.  MicroStrategy Wisdom Professional is an analytical application that can explore a wide spectrum of data contained in Facebook about consumers, including their demographics, interests, activities, and preferences.  MicroStrategy Wisdom Professional provides businesses with unique intelligence on the demographics, interests, and social graph of more than 15 million anonymous Facebook users.  Businesses using MicroStrategy Wisdom Professional can uncover details about their fans as well as those of their competitors.  To sign up for a free trial of MicroStrategy Wisdom Professional, visit: www.microstrategy.com/wisdompro/.

In October 2012, MicroStrategy received the highest ranking in numerous key performance indicators (KPIs) in The BI Survey 12, a comprehensive survey of companies using business intelligence software products.  The BI Survey 12, conducted by the Germany-based Business Application Research Center (BARC), is the world's largest independent survey of business intelligence and performance management users, with 2,775 respondents.  According to Dr. Carsten Bange, Founder and CEO of BARC, "[o]ver a number of consecutive BI Surveys, MicroStrategy has consistently scored at or near the top of its peer group in Performance, Customer Satisfaction and Innovation.  This trend has continued in the BI Survey 12.  This is a reflection of MicroStrategy's continued focus on the quality and performance of the platform as well as its dedication to its customers' success."

Examples of Customer Deals from Q3 2012

Domino's Pizza

Domino's Pizza, the recognized world leader in pizza delivery, has chosen to expand its deployment of the MicroStrategy Business Intelligence Platform™.  Domino's Pizza plans to leverage MicroStrategy's Mobile App Platform to enable field and home office leaders to access actionable information anywhere at any time.  Domino's Pizza will also expand its use of MicroStrategy Visual Insight to provide their customer insights team with better visibility into the habits of its customers.  According to Domino's Pizza, MicroStrategy's flexible and robust platform helps the company turn data into information and information into actionable insight.

GolfNow

GolfNow offers the best in tee times and course selection across the US, Canada, Ireland and Scotland through easy and convenient booking methods.  GolfNow is leveraging MicroStrategy to run visually engaging dashboards and reports about the status of tee times, and is using that insight to increase retail bookings and revenue.  GolfNow plans to roll out the MicroStrategy platform to its 4,000 golf course partners so they have the insight they need to easily track tee times and improve their deals to their golfing clientele.  Using MicroStrategy, GolfNow can provide golf courses with reporting capabilities that the average golf course would not otherwise have.

Clarity

Established in 1994, Clarity is an award winning global organization that helps service providers simplify the operations and management of their communication networks.  Clarity selected MicroStrategy to deliver an active quality management system for strategic carrier service providers.  With MicroStrategy's mobile app development platform, Clarity will be able to deploy the system rapidly and seamlessly for their service providers. MicroStrategy was selected for its ease-of-use, mobile app development platform and dashboard reporting capability.

Zetta Consultants

Zetta Consultants is a Malaysian-based strategy consulting and professional services firm that helps clients to develop and utilize strategic, innovative and technological solutions to reap sustainable business competitive advantage.  Zetta Consultants selected MicroStrategy for its enterprise business intelligence and mobile app development platforms.  Zetta plans to deploy MicroStrategy to its clients so that they can access dashboards about their operational efficiencies and make more informed decisions about their operations on their mobile devices.  MicroStrategy was chosen because of its product's ease-of-use, scalability, and above all, outstanding customer service.

About MicroStrategy Incorporated

Founded in 1989, MicroStrategy is a leading global provider of enterprise software platforms for business intelligence (BI), mobile intelligence, and social intelligence applications.  MicroStrategy's BI platform enables leading organizations worldwide to analyze the vast amounts of data stored across their enterprises to make better business decisions.  Companies choose MicroStrategy BI for its ease-of-use, sophisticated analytics, and superior data and user scalability.  MicroStrategy's mobile intelligence platform helps companies and organizations build, deploy, and maintain mobile apps across a range of solutions by embedding intelligence, transactions, and multimedia into apps.  MicroStrategy's social intelligence platform includes a number of applications that help enterprises harness the power of social networks for marketing and e-commerce, as well as a suite of free consumer friendly apps that use MicroStrategy's enterprise technologies.  The MicroStrategy Cloud offering combines MicroStrategy and third-party software, hardware, and services to enable rapid, cost-effective development of hosted BI, mobile, and social applications.  To learn more about MicroStrategy (Nasdaq: MSTR), visit www.microstrategy.com and follow us on Facebook (http://www.facebook.com/microstrategy) and Twitter (http://www.twitter.com/microstrategy).

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 9, MicroStrategy Cloud, MicroStrategy Cloud Express, MicroStrategy System Manager, and MicroStrategy Wisdom Professional are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries.  Other product and company names mentioned herein may be the trademarks of their respective owners.

This press release may include statements that may constitute "forward-looking statements," including estimates of future business prospects or financial results and statements containing the words "believe," "estimate," "project," "expect," or similar expressions.  Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the "Company") to differ materially from the forward-looking statements.  Factors that could contribute to such differences include: the extent and timing of market acceptance of MicroStrategy's new offerings, including MicroStrategy 9.3, MicroStrategy Cloud Express, and MicroStrategy Wisdom Professional; the Company's ability to recognize revenue or deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company's other products in the marketplace; the timing of significant orders; delays in the Company's ability to develop or ship new products; competitive factors; general economic conditions, including significant downturns in industries, including the financial services and retail industries, in which we have a significant number of customers; currency fluctuations; and other risks detailed in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission.  By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

 

MICROSTRATEGY INCORPORATED

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)












Three Months Ended


Nine Months Ended



September 30,


September 30,



2012


2011


2012


2011



(unaudited)


(unaudited)


(unaudited)


(unaudited)

Revenues









Product licenses


$          31,736


$          39,262


$        101,079


$        100,072

Product support and other services


111,494


102,442


329,074


301,812

  Total revenues


143,230


141,704


430,153


401,884










Cost of revenues









Product licenses


1,059


2,284


4,187


6,514

Product support and other services


36,426


34,380


108,923


97,854

  Total cost of revenues


37,485


36,664


113,110


104,368










Gross profit


105,745


105,040


317,043


297,516










Operating expenses









Sales and marketing


52,069


61,451


160,615


173,904

Research and development


23,465


20,434


67,857


50,306

General and administrative


23,498


21,618


71,911


67,218

  Total operating expenses


99,032


103,503


300,383


291,428










Income from operations before









financing and other income and income taxes


6,713


1,537


16,660


6,088










Financing and other (expense) income 









Interest income, net


41


18


91


139

Gain on sale of investment


-


3,371


-


3,371

Other (expense) income, net


(113)


969


738


22

  Total financing and other (expense) income


(72)


4,358


829


3,532










Income from operations before income taxes


6,641


5,895


17,489


9,620

  Provision for income taxes


1,878


974


5,183


680










Net income


$           4,763


$           4,921


$        12,306


$           8,940










Basic earnings per share (1)


$             0.43


$             0.46


$             1.13


$             0.84

Weighted average shares outstanding used in computing basic earnings per share


11,050


10,729


10,911


10,703










Diluted earnings per share (1)


$             0.43


$             0.44


$             1.10


$             0.81

Weighted average shares outstanding used in computing diluted earnings per share


11,197


11,072


11,137


11,061










(1) Basic and fully diluted earnings per share for class A and class B common stock are the same.














 

 

MICROSTRATEGY INCORPORATED

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)
















Core BI Business


Angel.com


Consolidated



Three Months Ended


Three Months Ended


Three Months Ended



September 30,


September 30,


September 30,



2012


2011


2012


2011


2012


2011



(unaudited)


(unaudited)


(unaudited)


(unaudited)


(unaudited)


(unaudited)














Revenues













Product licenses


$             31,736


$             39,262


$                   -


$                   -


$             31,736


$             39,262

Product support and other services


104,344


96,561


-


-


104,344


96,561

Angel.com services


-


-


7,150


5,881


7,150


5,881

  Total revenues


136,080


135,823


7,150


5,881


143,230


141,704














Cost of revenues













Product licenses


1,059


2,284


-


-


1,059


2,284

Product support and other services


33,788


31,478


-


-


33,788


31,478

Angel.com services


-


-


2,638


2,902


2,638


2,902

  Total cost of revenues


34,847


33,762


2,638


2,902


37,485


36,664

Gross profit


101,233


102,061


4,512


2,979


105,745


105,040














Operating expenses













Sales and marketing


49,551


58,494


2,518


2,957


52,069


61,451

Research and development


21,920


19,144


1,545


1,290


23,465


20,434

General and administrative


22,460


20,793


1,038


825


23,498


21,618

  Total operating expenses


93,931


98,431


5,101


5,072


99,032


103,503














Income (loss) from operations before













financing and other income and income taxes


7,302


3,630


(589)


(2,093)


6,713


1,537














Financing and other (expense) income













Interest income, net


41


18


-


-


41


18

Gain on sale of investment


-


3,371


-


-


-


3,371

Other (expense) income, net


(112)


925


(1)


44


(113)


969

  Total financing and other (expense) income


(71)


4,314


(1)


44


(72)


4,358

Income (loss) from operations before income taxes


$             7,231


$             7,944


$             (590)


$          (2,049)


$             6,641


$              5,895

  Provision for income taxes










1,878


974














Net income










$             4,763


$              4,921














Basic earnings per share










$               0.43


$                0.46

Weighted average shares outstanding used in computing basic earnings per share






11,050


10,729














Diluted earnings per share










$               0.43


$                0.44

Weighted average shares outstanding used in computing diluted earnings per share






11,197


11,072



























 

MICROSTRATEGY INCORPORATED

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)
















Core BI Business


Angel.com


Consolidated



Nine Months Ended


Nine Months Ended


Nine Months Ended



September 30,


September 30,


September 30,



2012


2011


2012


2011


2012


2011



(unaudited)


(unaudited)


(unaudited)


(unaudited)


(unaudited)


(unaudited)














Revenues













Product licenses


$           101,079


$           100,072


$                   -


$                   -


$           101,079


$           100,072

Product support and other services


308,659


283,127


-


-


308,659


283,127

Angel.com services


-


-


20,415


18,685


20,415


18,685

  Total revenues


409,738


383,199


20,415


18,685


430,153


401,884














Cost of revenues













Product licenses


4,187


6,514


-


-


4,187


6,514

Product support and other services


100,450


89,385


-


-


100,450


89,385

Angel.com services


-


-


8,473


8,469


8,473


8,469

  Total cost of revenues


104,637


95,899


8,473


8,469


113,110


104,368

Gross profit


305,101


287,300


11,942


10,216


317,043


297,516














Operating expenses













Sales and marketing


153,385


164,876


7,230


9,028


160,615


173,904

Research and development


63,111


46,917


4,746


3,389


67,857


50,306

General and administrative


69,192


64,949


2,719


2,269


71,911


67,218

  Total operating expenses


285,688


276,742


14,695


14,686


300,383


291,428














Income (loss) from operations before













financing and other income and income taxes


19,413


10,558


(2,753)


(4,470)


16,660


6,088














Financing and other income (expense)













Interest income (expense), net


93


139


(2)


-


91


139

Gain on sale of investment


-


3,371


-


-


-


3,371

Other income (expense), net


764


55


(26)


(33)


738


22

  Total financing and other income (expense)


857


3,565


(28)


(33)


829


3,532

Income (loss) from operations before income taxes


$           20,270


$           14,123


$          (2,781)


$          (4,503)


$           17,489


$              9,620

  Provision for income taxes










5,183


680














Net income










$           12,306


$              8,940














Basic earnings per share










$               1.13


$                0.84

Weighted average shares outstanding used in computing basic earnings per share






10,911


10,703














Diluted earnings per share










$               1.10


$                0.81

Weighted average shares outstanding used in computing diluted earnings per share






11,137


11,061



























 

MICROSTRATEGY INCORPORATED

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)








September 30,


December 31,



2012


2011*

Assets


(unaudited)



Current assets





  Cash and cash equivalents


$         216,609


$         199,634

  Restricted cash and short-term investments

228


289

  Accounts receivable, net


75,474


94,723

  Prepaid expenses and other current assets

16,601


17,043

  Deferred tax assets, net


26,585


31,516

Total current assets


335,497


343,205






Property and equipment, net


101,675


95,311

Capitalized software development costs, net

11,713


7,031

Deposits and other assets


4,807


5,306

Deferred tax assets, net


2,248


2,998

Total Assets


$         455,940


$         453,851






Liabilities and Stockholders' Equity




Current liabilities





  Accounts payable and accrued expenses

$           40,044


$           46,401

  Accrued compensation and employee benefits

62,368


68,308

  Deferred revenue and advance payments

102,383


103,199

  Deferred tax liabilities


340


485

Total current liabilities


205,135


218,393






Deferred revenue and advance payments

9,676


10,841

Other long-term liabilities


44,400


45,141

Deferred tax liabilities


6,312


10,498






Total Liabilities


265,523


284,873






Stockholders' Equity





  Preferred stock undesignated, $0.001 par value; 5,000 shares authorized;




      no shares issued or outstanding


-


-

  Class A common stock, $0.001 par value; 330,000 shares authorized;




    15,403 shares issued and 8,998 shares outstanding, and 14,810 shares




     issued and 8,405 shares outstanding, respectively

15


15

  Class B common stock, $0.001 par value; 165,000 shares authorized;




     2,227 and 2,378 shares issued and outstanding, respectively

2


2

  Additional paid-in capital


466,793


457,837

  Treasury stock, at cost; 6,405 shares

(475,184)


(475,184)

  Accumulated other comprehensive loss

(1,875)


(2,052)

  Retained earnings


200,666


188,360

Total Stockholders' Equity


190,417


168,978

Total Liabilities and Stockholders' Equity

$        455,940


$        453,851






*Derived from audited financial statements.









 

MICROSTRATEGY INCORPORATED

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)







Nine Months Ended






September 30,






2012


2011






(unaudited)


(unaudited)

Operating activities:






Net income


$      12,306


$        8,940


Adjustments to reconcile net income to net cash provided by operating activities:







Depreciation and amortization


17,702


12,905



Bad debt expense


4,863


941



Deferred taxes


1,275


(2,734)



Excess tax benefits from share-based compensation arrangements


-


(3,791)



Gain on sale of investment


-


(3,371)


Changes in operating assets and liabilities:







Accounts receivable


14,554


4,389



Prepaid expenses and other current assets


(2,314)


4,960



Deposits and other assets


544


(316)



Accounts payable and accrued expenses


1,554


(762)



Accrued compensation and employee benefits


(6,048)


(5,261)



Deferred revenue and advance payments


(1,839)


11,411



Other long-term liabilities


(1,410)


5,065




Net cash provided by operating activities


41,187


32,376









Investing activities:






Proceeds from sale of investment


-


3,371


Purchases of property and equipment


(28,011)


(29,128)


Capitalized software development costs


(8,148)


(5,907)


Insurance proceeds


3,206


5,675


Decrease (increase) in restricted cash and investments


74


(161)




Net cash used in investing activities


(32,879)


(26,150)









Financing activities:






Proceeds from sale of class A common stock under exercise of employee stock options


8,957


2,207


Excess tax benefits from share-based compensation arrangements


-


3,791


Payments on capital lease obligations


(256)


-




Net cash provided by financing activities


8,701


5,998









Effect of foreign exchange rate changes on cash and cash equivalents


(34)


(21)

Net increase in cash and cash equivalents


16,975


12,203

Cash and cash equivalents, beginning of period


199,634


174,097

Cash and cash equivalents, end of period


$    216,609


$    186,300

















MSTR-F

Contact:
MicroStrategy Incorporated
Investor Relations   
[email protected]   
(703) 848-8600

SOURCE MicroStrategy Incorporated

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 TMCnet has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business-to-business and integrated marketing media company, servicing niche markets within the com...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The paradigm has shifted. A Gartner survey shows that 43% of organizations are using or plan to implement the Internet of Things in 2016. However, not just a handful of companies are still using the old-style ad-hoc trial-and-error ways, unaware of the critical barriers, paint points, traps, and hidden roadblocks. How can you become a winner? In his session at @ThingsExpo, Tony Shan will present a methodical approach to guide the holistic adoption and enablement of IoT implementations. This ov...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.