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Tencent Announces 2012 Third Quarter Results

HONG KONG, Nov 14, 2012 /PRNewswire/ -- Tencent Holdings Limited ("Tencent" or the "Company", SEHK 00700), a leading provider of comprehensive Internet services in China, today announced the unaudited consolidated results for the third quarter of 2012 ended September 30, 2012.

Highlights of the Third Quarter of 2012:

  • Total revenues were RMB11,565.6 million (USD1,823.9 million[1]), an increase of 9.9% over the second quarter of 2012 ("QoQ") or an increase of 54.3% over the third quarter of 2011 ("YoY").
  • Revenues from Internet value-added services ("IVAS") were RMB8,371.0 million (USD1,320.1 million), an increase of 7.5% QoQ or an increase of 39.4% YoY.
  • Revenues from mobile & telecommunications value-added services ("MVAS") were RMB946.2 million (USD149.2 million), an increase of 1.9% QoQ or an increase of 12.0% YoY.
  • Revenues from online advertising were RMB1,015.3 million (USD160.1 million), an increase of 15.4% QoQ or an increase of 69.0% YoY.
  • Revenues from e-Commerce transactions were RMB1,133.9 million (USD178.8 million), an increase of 32.2% QoQ.
  • Gross profit was RMB6,778.5 million (USD1,069.0 million), an increase of 9.1% QoQ or an increase of 40.2% YoY.  Gross margin decreased to 58.6% from 59.0% last quarter.
  • Operating profit was RMB4,124.4 million (USD650.4 million), an increase of 4.7% QoQ or an increase of 37.9% YoY.  Operating margin decreased to 35.7% from 37.4% last quarter. Non-GAAP operating profit[2] was RMB4,442.8 million (USD700.6 million), an increase of 5.2% QoQ or an increase of 31.5% YoY.  Non-GAAP operating margin decreased to 38.4% from 40.1% last quarter.
  • Profit for the quarter was RMB3,241.1 million (USD511.1 million), an increase of 4.2% QoQ or an increase of 32.5% YoY.  Net margin decreased to 28.0% from 29.5% last quarter.
    Non-GAAP profit for the quarter2 was RMB3,587.1 million (USD565.7 million), an increase of 5.2% QoQ or an increase of 29.0% YoY.  Non-GAAP net margin decreased to 31.0% from 32.4% last quarter.
  • Profit attributable to equity holders of the Company for the quarter was RMB3,218.7 million (USD507.6 million), an increase of 3.8% QoQ or an increase of 31.6% YoY. Non-GAAP profit attributable to equity holders of the Company for the quarter2 was RMB3,551.3 million (USD560.1 million), an increase of 4.9% QoQ or an increase of 28.2% YoY.
  • Basic earnings per share were RMB1.759.  Diluted earnings per share were RMB1.727.
  • Key platform statistics:
    • Monthly active Instant Messaging ("IM") user accounts were 783.9 million, flat QoQ or an increase of 10.1% YoY.
    • Peak simultaneous online IM user accounts were 167.3 million, an increase of 0.4% QoQ or an increase of 15.1% YoY. 
    • Monthly active Qzone user accounts were 592.8 million, a decrease of 0.8% QoQ or an increase of 8.2% YoY; monthly active Pengyou user accounts were 258.9 million, an increase of 4.5% QoQ or an increase of 26.8% YoY. 
    • Peak simultaneous online QQ Game Platform user accounts were 9.4 million, an increase of 6.8% QoQ or an increase of 17.5% YoY.
    • Fee-based IVAS registered subscriptions were 73.8 million, a decrease of 1.2% QoQ or a decrease of 4.8% YoY. 
    • Fee-based MVAS registered subscriptions were 33.7 million, a decrease of 2.6% QoQ or an increase of 8.0% YoY. 

Mr. Ma Huateng, Chairman and CEO of Tencent, said, "Our platform strength enabled us to achieve solid year-on-year growth in operating and financial metrics during the third quarter 2012. Several of our investment initiatives, such as open platform, Weixin and online video, made progress in driving user engagement or monetisation. Looking forward, we will extend our open platform from desktop to mobile Internet, and we will enrich the platform by encouraging a greater diversity of applications. Our focus remains on building our user base and enhancing our user experience, particularly during this period of rapid mobile Internet growth."

Financial Review for the Third Quarter of 2012

Revenues from our IVAS business increased 7.5% QoQ to RMB8,371.0 million and represented 72.4% of our total revenues for the third quarter of 2012.  Online game revenues increased 7.3% QoQ to RMB5,972.9 million.  This primarily reflected growth in games revenues from China which benefited from the positive impact of summer holidays on titles such as Cross Fire, QQ Dancer and QQ Speed, as well as contributions from new titles, such as Legend of Yulong.  We also experienced growth in game revenues from international markets such as the US, Europe, and Korea.  Revenues from our community and open platforms increased 7.9% QoQ to RMB2,398.1 million, mainly driven by growth in item-based sales within applications on our open platforms. 

Revenues from our MVAS business increased 1.9% QoQ to RMB946.2 million and represented 8.2% of our total revenues for the third quarter of 2012.  This primarily reflected an increase in revenues from our mobile games and mobile books.

Revenues from our online advertising business increased 15.4% QoQ to RMB1,015.3 million and represented 8.8% of our total revenues for the third quarter of 2012.  Brand display advertising revenues increased, reflecting the positive impact of the London Olympic Games, and performance display advertising grew, as advertisers spent more on our social networks' inventory. 

Revenues from our e-Commerce transactions business increased 32.2% QoQ to RMB1,133.9 million and represented 9.8% of our total revenues for the third quarter of 2012.  This was mainly driven by increased volume of e-Commerce transactions in which we act as principal.  Fees generated from transactions on our marketplace also contributed to the growth rate. 

Other Key Financial Information for the Third Quarter of 2012

Share-based compensation was RMB217.3 million for the third quarter of 2012 as compared with RMB255.7 million for the previous quarter. 

Capital expenditure was RMB1,132.3 million for the third quarter of 2012 as compared with RMB915.2 million for the previous quarter. 

The Company didn't repurchase any shares on the Stock Exchange during the third quarter of 2012 as compared with 26,000 shares repurchased for an aggregate consideration of approximately RMB4.3 million in the previous quarter.

As at September 30, 2012, net cash position totaled RMB23,492.4 million which excluded short-term borrowings of RMB3,012.0 million, long-term borrowings of RMB2,219.4 million and long-term notes payable of RMB7,591.2 million.

As at September 30, 2012, the total number of shares of the Company in issue was 1.846 billion.

Business Review and Outlook

Overall Financial Performance

In the third quarter of 2012, we achieved solid year-on-year growth in revenues and earnings. 

  • Our IVAS business benefited from the popularity of our online game titles in China and overseas, and from increased item-based sales within applications on our open platforms.
  • Our MVAS business continued to achieve year-on-year revenue growth.  However, our primary focus for this business is maximising long-term user base and user engagement, rather than near-term financial performance.
  • Our online advertising business registered a significant year-on-year revenue increase, thanks to new platform contributions and continued expansion in traditional brand display advertising.
  • Our e-Commerce transactions business experienced a sequential revenue increase during the quarter, due to growth in transaction volume.


Strategic Highlights

In September 2012, we announced the completion of a USD 600 million senior unsecured notes offering.  This is our second international bond issue, following our first such transaction in December 2011.  We are grateful that our investors continue to display confidence in our business model and financial performance, and we remain firmly committed to maintaining our strong credit profile and investment grade credit ratings.

Divisional and Product Highlights

Communications Platforms

For QQ IM, MAU registered 10% year-on-year growth and reached 784 million at the end of the third quarter of 2012.  It's PCU for the quarter was 167 million, representing 15% growth as compared to the same period last year.  The growth rate of PCU decelerated as the increased number of mobile users resulted in greater dispersion of time spent on QQ IM through different day parts.  During the quarter, Weixin reinforced its position as the leading mobile community in China, exceeding 200 million registered use accounts in September 2012.

Media Platforms

QQ.com extended its lead among portals in China in terms of page views and unique visitors, and Tencent Microblog maintained a leading social media position in China with 507 million registered user accounts and 94 million DAU at the end of the quarter.  Tencent Video gained popularity among Internet users due to content enrichment and user experience improvement.  During the quarter, we leveraged our in-depth coverage of the London Olympic Games and our cross-platform sharing tools to enhance our media influence and brand recognition, especially in the sports category. 

IVAS

Our social networks registered solid growth in the third quarter of 2012, with increased traffic and photos uploads from mobile users.  MAU of Qzone increased by 8% year-on-year to 593 million at the end of the quarter.  MAU of Pengyou increased by 27% year-on-year to 259 million at the end of the quarter. 

Our IVAS registered subscriptions count declined compared to the same period last year due to policies we launched in the second quarter of 2012 for cleaning up certain user accounts acquired through telecommunications operators, for whom fee collection was unlikely.  We believe these measures should ultimately improve our subscriber base quality.  The increasing adoption of mobile Internet activities is also impacting our IVAS registered subscriptions count, because at this stage the pace of our mobile user growth is faster than that of our mobile privilege development.  Consequently, some of our IVAS subscription services are less appealing to mobile-oriented users as we have not yet extended all IVAS privileges from desktop to mobile devices.  In future, we intend to enrich the mobile-related features and privileges of our IVAS subscription services to cater to this emerging user demand trend. 

On our open platforms, item-based sales within applications continued to grow due to more usage of such applications and increased social sharing traffic.  We have generated material revenues for third-party developers, who can publish their applications across our multiple platforms to tap into our base of social and game-oriented users.  Looking ahead, we are extending the reach of our open platforms from desktop to mobile with the implementation of open QQ account login on third-party mobile applications, in order to position for the emerging opportunities in the mobile Internet.  To maximise user engagement, and thus the long-term development of our open platforms, we are incentivising developers of applications with large user bases but moderate or low per user revenue generation.  This initiative is particularly focused on non-game applications as we aim to broaden the range of services that our users can enjoy.

Our online game business achieved healthy year-on-year growth in users and revenues in the third quarter of 2012, with increased contribution from self-developed titles.  Growth in revenues from China was driven by our established ACG and MMOG, as well as new titles, such as Legend of Yulong and Legend of Xuanyuan, which are both developed in-house.  Revenue contribution from international markets, such as the US, Europe, and Korea, increased along with an expanded user base.  QQ Game Platform's PCU increased to 9.4 million during the quarter, representing growth of 18% compared to the same period last year.  As the Chinese game industry matures and hit titles within the industry face the law of large numbers, our game business revenue growth rate will depend in part on the popularity and monetisation of our new and future titles, and in part on the health of our existing titles.

MVAS

In the third quarter of 2012, our MVAS business delivered stable revenue growth compared to the same period last year, driven by our bundled SMS packages and mobile games.  We continued to progress in building our long-term user base with different types of mobile applications. For example, our mobile security product achieved over 100 million activated users during the period.

Our MVAS business is primarily focused on extending our desktop services to mobile, and on developing new applications for smartphones. As we are currently less focused on optimising monetisation, the near-term financial trajectory of this business may be uneven.  Longer term, we believe growth in smartphone users, and in time spent online on mobile devices, should enable new business models to emerge which tap into the unique features of such devices.

Online Advertising

In the third quarter of 2012, our online advertising business achieved robust revenue growth on a year-on-year basis, supported by performance advertising on our social networks, video advertising, traditional brand display advertising, and search advertising.  During the quarter, we utilised the London Olympic Games opportunity to better penetrate selected up-scale brand advertisers.  Performance advertising on our social networks increased as we delivered greater impression volume, improved our click-through rates, and enabled new advertiser categories, such as education service providers, to participate in performance advertising.  Looking forward, the absence of the Olympic Games event and decelerating economic growth in China may slow revenue growth rates for the online advertising industry as a whole, including our own online advertising business.

e-Commerce Transactions

The volume of our principal e-Commerce transactions increased sequentially in the third quarter of 2012 due to our own promotional activities, as well as increased public awareness of our long-established price leadership in the consumer electronics sector as a result of a widely publicised "price war" among other industry players.  Our agency revenues also grew on a quarter-on-quarter basis, albeit from a low base, due to an increased number of transactions on our marketplace. 

About Tencent

Tencent aims to enrich the interactive online experience of Internet users by providing a comprehensive range of Internet and wireless value-added services.  Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game Platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet.

Tencent has four main streams of revenues: Internet value-added services, mobile and telecommunications value-added services, online advertising and e-Commerce. 

Shares of Tencent Holdings Limited are traded on the Main Board of the Stock Exchange of Hong Kong Limited, under stock code 00700.  The Company became a constituent of the Hong Kong's Hang Seng Index (HSI) on June 10, 2008.  For more information, please visit www.tencent.com/ir.

For enquiries, please contact:

Catherine Chan Tel: (86) 755 86013388 ext 88369 or (852) 31485100 Email: cchan#tencent.com
Jane Yip Tel: (86) 755 86013388 ext 81374 or (852) 31485100 Email: janeyip#tencent.com 

Non-GAAP Financial Measures

To supplement the consolidated results of the Company prepared in accordance with IFRS, certain non-GAAP financial measures, including non-GAAP operating profit, non-GAAP operating margin, non-GAAP profit for the period, non-GAAP net margin and non-GAAP profit attributable to equity holders of the Company, have been presented in this press release.  These unaudited non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with IFRS.  In addition, these non-GAAP financial measures may be defined differently from similar terms used by other companies. 

The Company's management believes that the non-GAAP financial measures provide investors with useful supplementary information to assess the performance of the Company's core operations by excluding certain non-cash items and certain impact of acquisitions.

Forward-Looking Statements

This press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company.  These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release.  They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control.  These forward-looking statements may prove to be incorrect and may not be realized in future.  Underlying the forward-looking statements is a large number of risks and uncertainties.  Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website.


 

CONSOLIDATED INCOME STATEMENT

In RMB '000 (unless otherwise stated)






Unaudited


Unaudited


3Q2012

2Q2012


3Q2012

3Q2011

Revenues

11,565,556

10,527,244


11,565,556

7,496,157

    Internet VAS

8,371,026

7,786,625


8,371,026

6,003,135

    Mobile & Telecom VAS

946,218

929,007


946,218

844,900

Online advertising

1,015,266

879,691


1,015,266

600,572

         e-Commerce transactions

1,133,901

857,526


1,133,901

-

    Others

99,145

74,395


99,145

47,550

Cost of revenues

(4,787,093)

(4,311,379)


(4,787,093)

(2,661,407)

Gross profit

6,778,463

6,215,865


6,778,463

4,834,750

Gross margin

58.6%

59.0%


58.6%

64.5%

Interest income

205,781

196,806


205,781

124,159

Other (losses)/gains, net

(14,791)

(3,219)


(14,791)

9,200

S&M expenses

(819,790)

(609,672)


(819,790)

(507,252)

G&A expenses

(2,025,298)

(1,862,165)


(2,025,298)

(1,469,278)

Operating profit

4,124,365

3,937,615


4,124,365

2,991,579

Operating margin

35.7%

37.4%


35.7%

39.9%

Finance (costs)/income, net

(99,478)

(115,256)


(99,478)

43,097

Share of (losses)/profit of associates

(21,188)

5,411


(21,188)

(21,842)

Share of losses of jointly controlled entities

(6,089)

(9,375)


(6,089)

(59,926)

Profit before income tax

3,997,610

3,818,395


3,997,610

2,952,908

Income tax expense

(756,465)

(707,824)


(756,465)

(506,760)

Profit for the period

3,241,145

3,110,571


3,241,145

2,446,148

Net margin

28.0%

29.5%


28.0%

32.6%

Attributable to:






    Equity holders of the Company

3,218,693

3,100,075


3,218,693

2,446,437

    Non-controlling interests

22,452

10,496


22,452

(289)







Non-GAAP profit attributable to equity holders of the Company

3,551, 337

3,386,266


3,551, 337

2,769,143







Earnings per share (GAAP)






- basic (RMB)

1.759

1.698


1.759

1.340

- diluted (RMB)

1.727

1.665


1.727

1.314

 

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

In RMB '000 (unless otherwise stated)






Unaudited


Unaudited


3Q2012

2Q2012


3Q2012

3Q2011

Profit for the period

3,241,145

3,110,571


3,241,145

2,446,148

Other comprehensive income; net of tax:






Net losses from changes in fair value of
        available-for-sale financial assets

(37,923)

(530,203)


(37,923)

(491,093)

Currency translation differences

125

7,743


125

(13,322)

Total comprehensive income for the period

3,203,347

2,588,111


3,203,347

1,941,733

Attributable to:






    Equity holders of the Company

3,180,882

2,576,886


3,180,882

1,942,022

    Non-controlling interests

22,465

11,225


22,465

(289)

 

OTHER FINANCIAL INFORMATION

In RMB '000 (unless otherwise stated)




Unaudited


3Q2012

2Q2012

3Q2011

EBITDA (a)

4,591,603

4,331,322

3,403,665

Adjusted EBITDA (a)

4,784,020

4,558,963

3,581,786

Adjusted EBITDA margin (b)

41.4%

43.3%

47.8%

Interest expense

86,104

69,344

14,759

Net cash (c)

23,492,375

19,631,631

15,654,534

Capital expenditures (d)

1,132,314

915,156

1,133,342

Note:

a)      EBITDA consists of operating profit less interest income, and plus other losses/(gains), net, depreciation of fixed assets and investment properties and amortisation of intangible assets.  Adjusted EBITDA consists of EBITDA plus equity-settled share-based compensation expenses.

b)      Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues.

c)      Net cash is calculated as cash and cash equivalents, term deposits with initial term of over three months, and restricted cash pledged for secured bank borrowings, minus total borrowings and long-term notes payable.

d)      Capital expenditures consist of additions (excluding business combination) to fixed assets, construction in progress, land use rights and intangible assets (excluding game and other content licences).


 

CONSOLIDATED STATEMENT OF FINANCIAL POSITION





  In RMB '000 (unless otherwise stated)

Unaudited


Unaudited



30 September

    30 June


2012

 


2012

 

ASSETS




Non-current assets




Fixed assets 

6,707,460


6,201,179

Construction in progress

450,764


323,786

Investment properties

21,789


21,643

Land use rights

346,697


348,509

Intangible assets

4,739,476


4,194,417

Interests in associates

7,070,127


5,292,559

Investment in jointly controlled entities

47,819


53,908

Deferred income tax assets

172,590


184,608

Available-for-sale financial assets

5,504,415


5,320,869

Prepayments, deposits and other assets

1,991,043


3,877,451

Long-term deposits

8,591,724


-


35,643,904


25,818,929

Current assets

 

 




Inventories

424,273


202,106

Accounts receivable

2,683,965


2,500,207

Prepayments, deposits and other assets

3,332,155


3,275,968

Short-term deposits

14,281,401


17,014,730

Restricted cash

2,192,256


2,317,431

Cash and cash equivalents

13,441,768


10,602,451


36,355,818


35,912,893

Total assets

71,999,722


61,731,822

EQUITY




Equity attributable to the Company's equity holders




Share capital

198


198

Share premium

2,651,800


2,488,779

Shares held for share award scheme

 

(625,960)


(609,657)

Other reserves

518,860


532,264

Retained earnings

34,870,783


31,652,090


37,415,681


34,063,674

Non-controlling interests

876,950


650,698

Total equity

38,292,631


34,714,372





LIABILITIES




Non-current liabilities

 

 




Borrowings

2,219,350


948,735

Long-term notes payable

7,591,193


3,751,839

Deferred income tax liabilities

1,016,454


893,822

Long-term payables

1,530,080


1,441,920


12,357,077


7,036,316

Current liabilities




Accounts payable

3,960,242


3,368,438

Other payables and accruals

5,403,161


4,872,613

Derivative financial instruments

-


14,680

Borrowings

3,011,975


3,609,323

Current income tax liabilities

1,029,070


998,523

Other tax liabilities

468,738


256,781

Deferred revenue

7,476,828


6,860,776


21,350,014


19,981,134

Total liabilities

33,707,091


27,017,450

Total equity and liabilities

71,999,722


61,731,822










 

RECONCILIATIONS OF IFRS TO NON-GAAP RESULTS



As

reported

Adjustments

Non-GAAP

In RMB '000

except percentages

Equity-settled

share-based compensation

Cash-settled

share-based compensation (a)

Losses on

deemed

disposal (b)

Amortisation

of intangible assets (c)

Impairment provision (d)

Special dividend income (e)

Unaudited three months ended 30 September 2012


Operating profit

4,124,365

192,417

24,860

5,150

38,494

448,000

(390,472)

4,442,814

          Operating margin

35.7%







38.4%

Profit for the period

3,241,145

192,417

24,860

5,150

66,013

448,000

(390,472)

3,587,113

                      Net margin

28.0%







31.0%

Profit attributable to equity holders of the Company

3,218,693

189,660

21,921

5,150

58,385

448,000

(390,472)

3,551,337

Unaudited three months ended 30 June 2012


Operating profit

3,937,615

227,641

28,081

-

28,137

-

-

4,221,474

          Operating margin

37.4%







40.1%

Profit for the period

3,110,571

227,641

28,081

-

44,060

-

-

3,410,353

                      Net margin

29.5%







32.4%

Profit attributable to equity holders of the Company

3,100,075

221,817

24,643

-

39,731

-

-

3,386,266

Unaudited three months ended 30 September 2011


Operating profit

2,991,579

178,121

24,294

-

184,212

-

-

3,378,206

         Operating margin

39.9%







45.1%

Profit for the period

2,446,148

178,121

24,294

-

131,211

-

-

2,779,774

                     Net margin

32.6%







37.1%

Profit attributable to equity holders of the Company

2,446,437

176,934

22,397

-

123,375

-

-

2,769,143












(a) Including put options granted to employees of investees on their shares and shares to be issued under investees' share-based incentive plans which can be acquired by the Company, and other incentives

(b) Losseson deemed disposal of previously held interests in associates

(c)  Amortisation of intangible assets resulting from acquisitions, net of related deferred tax

(d) Impairment provision for interests in associates and available-for-sale financial assets

(e) Special dividend income from Mail.ru


[1] Figures stated in USD are based on USD1 to RMB6.3410

[2] See "Non-GAAP Financial Measures" section for more details on the reasons for presenting these measures

SOURCE Tencent Holdings Limited

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"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, discussed the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.