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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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Over the last few years the healthcare ecosystem has revolved around innovations in Electronic Health Record (HER) based systems. This evolution has helped us achieve much desired interoperability. Now the focus is shifting to other equally important aspects – scalability and performance. While applying cloud computing environments to the EHR systems, a special consideration needs to be given to the cloud enablement of Veterans Health Information Systems and Technology Architecture (VistA), i.e., the largest single medical system in the United States.
In his session at 15th Cloud Expo, Mark Hinkle, Senior Director, Open Source Solutions at Citrix Systems Inc., will provide overview of the open source software that can be used to deploy and manage a cloud computing environment. He will include information on storage, networking(e.g., OpenDaylight) and compute virtualization (Xen, KVM, LXC) and the orchestration(Apache CloudStack, OpenStack) of the three to build their own cloud services. Speaker Bio: Mark Hinkle is the Senior Director, Open Source Solutions, at Citrix Systems Inc. He joined Citrix as a result of their July 2011 acquisition of Cloud.com where he was their Vice President of Community. He is currently responsible for Citrix open source efforts around the open source cloud computing platform, Apache CloudStack and the Xen Hypervisor. Previously he was the VP of Community at Zenoss Inc., a producer of the open source application, server, and network management software, where he grew the Zenoss Core project to over 10...
Most of today’s hardware manufacturers are building servers with at least one SATA Port, but not every systems engineer utilizes them. This is considered a loss in the game of maximizing potential storage space in a fixed unit. The SATADOM Series was created by Innodisk as a high-performance, small form factor boot drive with low power consumption to be plugged into the unused SATA port on your server board as an alternative to hard drive or USB boot-up. Built for 1U systems, this powerful device is smaller than a one dollar coin, and frees up otherwise dead space on your motherboard. To meet the requirements of tomorrow’s cloud hardware, Innodisk invested internal R&D resources to develop our SATA III series of products. The SATA III SATADOM boasts 500/180MBs R/W Speeds respectively, or double R/W Speed of SATA II products.
14th International Cloud Expo, held on June 10–12, 2014 at the Javits Center in New York City, featured three content-packed days with a rich array of sessions about the business and technical value of cloud computing, Internet of Things, Big Data, and DevOps led by exceptional speakers from every sector of the IT ecosystem. The Cloud Expo series is the fastest-growing Enterprise IT event in the past 10 years, devoted to every aspect of delivering massively scalable enterprise IT as a service.
As more applications and services move "to the cloud" (public or on-premise) cloud environments are increasingly adopting and building out traditional enterprise features. This in turn is enabling and encouraging cloud adoption from enterprise users. In many ways the definition is blurring as features like continuous operation, geo-distribution or on-demand capacity become the norm. NuoDB is involved in both building enterprise software and using enterprise cloud capabilities. In his session at 15th Cloud Expo, Seth Proctor, CTO at NuoDB, Inc., will discuss the experiences from building, deploying and using enterprise services and suggest some ways to approach moving enterprise applications into a cloud model.
Until recently, many organizations required specialized departments to perform mapping and geospatial analysis, and they used Esri on-premise solutions for that work. In his session at 15th Cloud Expo, Dave Peters, author of the Esri Press book Building a GIS, System Architecture Design Strategies for Managers, will discuss how Esri has successfully included the cloud as a fully integrated SaaS expansion of the ArcGIS mapping platform. Organizations that have incorporated Esri cloud-based applications and content within their business models are reaping huge benefits by directly leveraging cloud-based mapping and analysis capabilities within their existing enterprise investments. The ArcGIS mapping platform includes cloud-based content management and information resources to more widely, efficiently, and affordably deliver real-time actionable information and analysis capabilities to your organization.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity. In his session at Internet of @ThingsExpo, Mac Devine, Distinguished Engineer at IBM, will discuss bringing these three elements together via Systems of Discover.
Cloud and Big Data present unique dilemmas: embracing the benefits of these new technologies while maintaining the security of your organization’s assets. When an outside party owns, controls and manages your infrastructure and computational resources, how can you be assured that sensitive data remains private and secure? How do you best protect data in mixed use cloud and big data infrastructure sets? Can you still satisfy the full range of reporting, compliance and regulatory requirements? In his session at 15th Cloud Expo, Derek Tumulak, Vice President of Product Management at Vormetric, will discuss how to address data security in cloud and Big Data environments so that your organization isn’t next week’s data breach headline.
The cloud is everywhere and growing, and with it SaaS has become an accepted means for software delivery. SaaS is more than just a technology, it is a thriving business model estimated to be worth around $53 billion dollars by 2015, according to IDC. The question is – how do you build and scale a profitable SaaS business model? In his session at 15th Cloud Expo, Jason Cumberland, Vice President, SaaS Solutions at Dimension Data, will give the audience an understanding of common mistakes businesses make when transitioning to SaaS; how to avoid them; and how to build a profitable and scalable SaaS business.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
SYS-CON Events announced today that Solgenia, the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between personal and professional social, mobile and cloud user experiences, our solutions help large and medium-sized organizations dramatically improve productivity, reduce collaboration costs, and increase the overall enterprise value by bringing collaboration and infrastructure solutions to the cloud.
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, will explore the synergies in these two approaches, with practical tips, techniques, research data, war stories, case studies, and recommendations.
Enterprises require the performance, agility and on-demand access of the public cloud, and the management, security and compatibility of the private cloud. The solution? In his session at 15th Cloud Expo, Simone Brunozzi, VP and Chief Technologist(global role) for VMware, will explore how to unlock the power of the hybrid cloud and the steps to get there. He'll discuss the challenges that conventional approaches to both public and private cloud computing, and outline the tough decisions that must be made to accelerate the journey to the hybrid cloud. As part of the transition, an Infrastructure-as-a-Service model will enable enterprise IT to build services beyond their data center while owning what gets moved, when to move it, and for how long. IT can then move forward on what matters most to the organization that it supports – availability, agility and efficiency.
Every healthy ecosystem is diverse. This is especially true in cloud ecosystems, where portability and interoperability are more important than old enterprise models of proprietary ownership. In his session at 15th Cloud Expo, Mark Baker, Server Product Manager at Canonical/Ubuntu, will discuss how single vendors used to take the lead in creating and delivering technology, but in a cloud economy, where users want tools of their preference, when and where they need them, it makes no sense.