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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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Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
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As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device acce...
SmartBear Software has updated its API tools, ServiceV for API service virtualization and LoadUI NG for API load testing, to accelerate development and testing processes in Agile teams. Updates to ServiceV enable software teams to rapidly build advanced mocks from real-time API traffic and quickly switch between virtualized “mock” services and actual APIs during diagnostic, load or integration testing in the continuous delivery lifecycle.