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Phoenix New Media Reports Third Quarter 2012 Unaudited Financial Results

3Q12 Net Advertising Revenues Up 11.4% YOY

BEIJING, Nov. 20, 2012 /PRNewswire/ -- Phoenix New Media Limited (NYSE: FENG), a leading new media company in China ("Phoenix New Media", "ifeng" or the "Company"), today announced its unaudited financial results for the third quarter ended September 30, 2012.

Third Quarter 2012 Highlights

  • Total revenues increased by 5.8% year-over-year to RMB286.4 million (US$45.6 million), driven by an 11.4% increase in net advertising revenues.
  • Net income attributable to Phoenix New Media was RMB11.5 million (US$1.8 million), as compared to RMB56.8 million in the third quarter of 2011.
  • Adjusted net income attributable to Phoenix New Media(1) was RMB14.1 million (US$2.2 million), as compared to RMB61.5 million in the third quarter of 2011.

Mr. Shuang Liu, CEO of Phoenix New Media, stated, "Even though our advertising business continued to experience softness due to the uncertainty of the macro-economic situation, advertisers continued to demonstrate confidence in our media platform by increasing their average spending on our platform by nearly 36% year-over-year. This increase was a direct result of our premium content which generated over 110% year-over-year growth to 38 million in ifeng's daily unique visitors in September, the growth of which continued to significantly outpace our peers, according to iResearch.  Looking forward, we remain confident that once the macro-economic situation stabilizes, we can expect stabilization in the overall advertising business, providing us improved visibility in the coming quarters."

Third Quarter 2012 Financial Results

REVENUES

Total revenues for the third quarter of 2012 increased by 5.8% to RMB286.4 million (US$45.6 million) from RMB270.8 million in the third quarter of 2011.

Net advertising revenues, calculated net of advertising agency service fees, for the third quarter of 2012 increased by 11.4% to RMB140.5 million (US$22.4 million) from RMB126.2 million in the third quarter of 2011, primarily due to an increase in average revenue per advertiser ("ARPA") of 35.5% to RMB585,500 (US$93,100) for 240 total advertisers.

Paid service revenues for the third quarter of 2012 increased by 0.9% to RMB145.8 million (US$23.2 million) from RMB144.6 million in the third quarter of 2011. Mobile Internet and value-added services ("MIVAS")(2) revenues decreased by 7.0% to RMB125.5 million (US$20.0 million) in the third quarter of 2012 from RMB134.9 million in the third quarter of 2011 due to the expected decrease in sales from 2G text message based pay-per-view services. Video value-added services ("video VAS") revenues increased by 109.9% to RMB20.4 million (US$3.2 million) in the third quarter of 2012 from RMB9.7 million in the third quarter of 2011, primarily due to an expansion in video VAS user base across the three major telecom operators in China. 

COST OF REVENUES AND GROSS PROFIT

Cost of revenues for the third quarter of 2012 increased by 14.5% to RMB173.9 million (US$27.7 million) from RMB151.9 million in the third quarter of 2011.  Revenue sharing fees to telecom operators and channel partners decreased to RMB79.4 million (US$12.6 million) in the third quarter of 2012 from RMB89.1 million in the third quarter of 2011, primarily due to the decrease in MIVAS revenues.  Content and operational costs increased to RMB60.1 million (US$9.6 million) in the third quarter of 2012 from RMB37.9 million in the third quarter of 2011 due to the increase in staff-related costs, office rental fees, as well as the increase in content production and acquisition costs.  Bandwidth costs increased to RMB20.2 million (US$3.2 million) in the third quarter of 2012 from RMB9.5 million in the third quarter of 2011 primarily due to the significant growth in user traffic.  Sales tax and surcharges decreased to RMB14.2 million (US$2.3 million) in the third quarter of 2012 from RMB15.4 million in the third quarter of 2011.  Share-based compensation expenses included in cost of revenues was RMB0.6 million (US$0.1 million) in the third quarter of 2012 as compared to RMB1.2 million in the third quarter of 2011.

Gross profit for the third quarter of 2012 decreased by 5.4% to RMB112.5 million (US$17.9 million) from RMB118.9 million in the third quarter of 2011. Gross margin was 39.3% in the third quarter of 2012 as compared to 43.9% in the third quarter of 2011, mainly due to the increase in staff-related costs, bandwidth costs and office rental fees. Adjusted gross margin, which excludes share-based compensation expenses, was 39.5% in the third quarter of 2012 as compared to 44.3% in the third quarter of 2011.

OPERATING EXPENSES AND INCOME FROM OPERATIONS

Total operating expenses for the third quarter of 2012 increased by 46.3% to RMB108.8 million (US$17.3 million) from RMB74.3 million in the third quarter of 2011. The increase in operating expenses was primarily attributable to increased staff-related costs, marketing and promotion events and office rental fees.Share-based compensation expenses included in operating expenses was RMB2.0 million (US$0.3 million) in the third quarter of 2012 as compared to RMB3.5 million in the third quarter of 2011.

Income from operations for the third quarter of 2012 was RMB3.7 million (US$0.6 million) as compared to RMB44.5 million in the third quarter of 2011. Operating margin was 1.3% for the third quarter of 2012 as compared to 16.4% in the third quarter of 2011. The decrease in operating margin was primarily due to increased headcount, marketing and promotion events and office rental fees.

Adjusted income from operations, which excludes the impact of share-based compensation expenses, for the third quarter of 2012 was RMB6.3 million (US$1.0 million) as compared to RMB49.2 million in the third quarter of 2011.Adjusted operating margin was 2.2% for the third quarter of 2012 as compared to 18.2% in the third quarter of 2011.

FOREIGN CURRENCY EXCHANGE GAIN/LOSS AND INTEREST INCOME

Foreign currency exchange loss for the third quarter of 2012 was RMB2.0 million (US$0.3 million), as compared to an exchange gain of RMB13.3 million in the third quarter of 2011. Interest income for the third quarter of 2012 was RMB8.2 million (US$1.3 million), as compared to RMB4.3 million in the third quarter of 2011. The increase in interest income was primarily due to higher deposit levels resulting from the Company's IPO net proceeds.

NET INCOME

Net income attributable to Phoenix New Media for the third quarter of 2012 was RMB11.5 million (US$1.8 million) as compared to RMB56.8 million in the third quarter of 2011. Net margin for the third quarter of 2012 was 4.0% as compared to 21.0% in third quarter of 2011.Net income per diluted ADS(3) in the third quarter of 2012 was RMB0.14 (US$0.02) as compared to RMB0.70 in the third quarter of 2011.

Adjusted net income attributable to Phoenix New Media for the third quarter of 2012, which excludes share-based compensation expenses, was RMB14.1 million (US$2.2 million) as compared to RMB61.5 million in the third quarter of 2011. Adjusted net margin for the third quarter of 2012 was 4.9% as compared to 22.7% in the third quarter of 2011. Adjusted net income per diluted ADS was RMB0.17 (US$0.03) in the third quarter of 2012, as compared to RMB0.76 in the third quarter of 2011.

For the third quarter of 2012, the Company's weighted average number of ADS used in computing diluted net income per ADS was 80,672,024.

Business Outlook

For the fourth quarter of 2012, the Company expects its total revenues to be between RMB266 million and RMB276 million.  Net advertising revenues are expected to be between RMB166 million and RMB171 million.  Paid service revenues are expected to be between RMB100 million and RMB105 million.  These forecasts reflect the Company's current and preliminary view on the market and operational conditions, which are subject to change.

Share Repurchase Program

As of September 30, 2012, the Company had repurchased an aggregate of 1,228,724 American Depositary Shares ("ADSs") at an aggregate cost of approximately US$4.5 million on the open market. Under its ADS repurchase program, the Company has been authorized to repurchase up to US$20 million of its outstanding ADSs for a period not to exceed twelve (12) months since August 2012.  The Company expects to continue to implement its share repurchase program in a manner consistent with market conditions and the interest of its shareholders, subject to the restrictions relating to volume, price and timing under applicable law.

Conference Call Information

The Company will hold a conference call at 8:00p.m. U.S. Eastern Time on November 20, 2012 (November 21, 2012 at 9:00a.m. Beijing / Hong Kong time) to discuss its third quarter 2012 financial results and operating performance.

To participate in the call, please dial the following numbers:

International:        

+6567239385

China:                     

4001200654

Hong Kong:           

+85230512745

United States:      

+16462543515

Conference ID:  

59655968

A replay of the call will be available through November 26, 2012 by dialing the following numbers:

International: 

+61281990299

China:                 

4001200932

United States:       

+18554525696

Hong Kong:               

+85230512780

Conference ID:    

59655968

A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.ifeng.com.

Use of Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with the United States Generally Accepted Accounting Principles ("GAAP"), Phoenix New Media uses adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted operating margin, adjusted net income attributable to Phoenix New Media, adjusted net margin, adjusted net income attributable to ordinary shareholders and adjusted net income per diluted ADS, each of which is a non-GAAP financial measure. Adjusted gross profit is gross profit excluding share-based compensation expenses. Adjusted gross margin is adjusted gross profit divided by total revenues. Adjusted income from operations is income from operations excluding share-based compensation expenses. Adjusted operating margin is adjusted income from operations divided by total revenues.  Adjusted net income attributable to Phoenix New Media is net income attributable to Phoenix New Media excluding share-based compensation expenses. Adjusted net margin is adjusted net income attributable to Phoenix New Media divided by total revenues. Adjusted net income attributable to ordinary shareholders is net income attributable to ordinary shareholders excluding share-based compensation expenses. Adjusted net income per diluted ADS is adjusted net income attributable to ordinary shareholders divided by weighted average number of diluted ADS. The Company believes that separate analysis and exclusion of the non-cash impact of share-based compensation adds clarity to the constituent parts of its performance. The Company reviews adjusted net income together with net income to obtain a better understanding of its operating performance. It uses this non-GAAP financial measure for planning, forecasting and measuring results against the forecast. The Company believes that using multiple measures to evaluate its business allows both management and investors to assess the company's performance against its competitors and ultimately monitor its capacity to generate returns for its investors. The Company also believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of non-cash share-based compensation expenses, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.

Exchange Rate

This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.2848 to US$1.00, the noon buying rate in effect on September 30, 2012 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

About Phoenix New Media Limited

Phoenix New Media Limited (NYSE: FENG) is the leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China.  Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet and through their mobile devices. Phoenix New Media's platform includes its ifeng.com channel, consisting of its ifeng.com website, its video channel, comprised of its dedicated video vertical and video services and applications, and its mobile channel, including its mobile Internet website and mobile Internet and value-added services ("MIVAS").

Safe Harbor Statement

This announcement contains forward−looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Phoenix New Media's strategic and operational plans, contain forward−looking statements. Phoenix New Media may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Phoenix New Media's beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the online and mobile advertising, online video and mobile paid service markets in China; the Company's reliance on online advertising and MIVAS for the majority of its total revenues; the Company's expectations regarding demand for and market acceptance of its services; the Company's expectations regarding the retention and strengthening of its relationships with advertisers, partners and customers; fluctuations in the Company's quarterly operating results; the Company's plans to enhance its user experience, infrastructure and service offerings; the Company's reliance on mobile operators in China to provide most of its MIVAS; changes by mobile operators in China to their policies for MIVAS; competition in its industry in China; and relevant government policies and regulations relating to the Company. Further information regarding these and other risks is included in the Company's filings with the SEC, including its registration statement on Form F−1, as amended, and its annual report on Form 20−F. All information provided in this press release and in the attachments is as of the date of this press release, and Phoenix New Media does not undertake any obligation to update any forward−looking statement, except as required under applicable law.

(1) An explanation of the Company's non-GAAP financial measures is included in the section entitled "Use of Non-GAAP Financial Measures" below, and the related reconciliations to GAAP financial measures are presented in the accompanying "Reconciliations of Non-GAAP Results of Operation Measures to the Nearest Comparable GAAP Measures".

(2) MIVAS includes Internet VAS, which was previously a separate component of paid service.

(3) "ADS" is American Depositary Share. Each ADS represents eight ordinary shares.

For investor and media inquiries please contact:

Phoenix New Media Limited
Matthew Zhao
Tel: +86 (10) 6067-6868
Email: [email protected]  

ICR, Inc.
Jeremy Peruski
Tel: +1 (646) 405-4883
Email: [email protected]


Phoenix New Media Limited

Unaudited Condensed Consolidated Balance Sheets

(Amounts in thousands)




December 31,


September 30,


September 30,


2011

2012


2012




RMB


RMB


US$










ASSETS










Current assets:











Cash and cash equivalents



397,166



319,091



50,772


Term deposit



784,023



797,972



126,969


Accounts receivable, net



202,097



308,887



49,148


Amounts due from related parties



64,388



61,836



9,839


Prepayment and other current assets



46,334



76,827



12,224


Deferred tax assets



11,931



20,506



3,263


Total current assets



1,505,939



1,585,119



252,215

Non current assets:











Property and equipment, net



41,012



99,880



15,892


Intangible assets, net



5,415



8,385



1,334


Other non-current assets



12,128



11,139



1,773


Total non-current assets



58,555



119,404



18,999

Total assets



1,564,494



1,704,523



271,214












LIABILITIES AND SHAREHOLDERS' EQUITY










Current liabilities:











Accounts payable



120,910



171,759



27,329


Amounts due to related parties



3,889



16,046



2,553


Advances from customers



7,191



11,977



1,906


Taxes payable



35,822



29,140



4,637


Salary and welfare payable



45,119



51,289



8,161


Accrued expenses and other current liabilities



39,276



43,486



6,919


Total current liabilities



252,207



323,697



51,505


Long-term liabilities



5,504



7,224



1,149

Total liabilities



257,711



330,921



52,654












Shareholders' equity











Ordinary shares 



42,054



42,271



6,726


Additional paid-in capital



1,830,882



1,818,767



289,391


Treasury stock



-



(7,106)



(1,131)


Statutory reserves



24,647



24,647



3,922


Accumulated deficit



(555,831)



(476,334)



(75,790)


Accumulated other comprehensive loss



(34,969)



(28,643)



(4,558)


Total shareholders' equity



1,306,783



1,373,602



218,560

Total liabilities and shareholders' equity



1,564,494



1,704,523



271,214

 

 

Phoenix New Media Limited

Unaudited Condensed Consolidated Statements of Operations

(Amounts in thousands, except for number of shares and  per share data)

 



Three Months Ended


Nine Months Ended



September 30,


June 30,


September 30,


September 30,


September 30,


September 30,


September 30,



2011


2012


2012


2012


2011


2012


2012



RMB


RMB


RMB


US$ 


RMB


RMB


US$ 
















Revenues:






















  Net advertising revenues                                                  



126,172



147,603



140,521



22,359



315,387



417,022



66,354

  Paid service revenues



144,599



135,777



145,837



23,205



354,753



391,788



62,339

Total revenues



270,771



283,380



286,358



45,564



670,140



808,810



128,693

Cost of revenues



(151,912)



(157,313)



(173,887)



(27,668)



(390,440)



(466,224)



(74,183)

Gross profit



118,859



126,067



112,471



17,896



279,700



342,586



54,510

Operating expenses:






















  Sales and marketing expenses



(36,890)



(37,218)



(54,073)



(8,604)



(113,166)



(130,773)



(20,808)

  General and administrative expenses



(19,716)



(31,591)



(29,029)



(4,619)



(55,679)



(78,004)



(12,412)

  Technology and product development expenses



(17,732)



(22,208)



(25,676)



(4,085)



(51,114)



(67,875)



(10,799)

Total operating expenses



(74,338)



(91,017)



(108,778)



(17,308)



(219,959)



(276,652)



(44,019)

Income from operations



44,521



35,050



3,693



588



59,741



65,934



10,491

Other income:






















  Interest income



4,260



8,554



8,150



1,297



4,699



25,466



4,052

  Foreign currency exchange gain/(loss)



13,318



(3,474)



(1,976)



(314)



13,418



(4,692)



(747)

  Others, net



1,010



1,487



1,494



237



1,967



4,508



718

Net income before tax



63,109



41,617



11,361



1,808



79,825



91,216



14,514

  Income taxes expenses



(6,271)



(6,595)



181



28



(12,989)



(11,719)



(1,865)

Net income attributable to
  Phoenix New Media



56,838



35,022



11,542



1,836



66,836



79,497



12,649

  Accretion to convertible redeemable preferred
     share redemption value



-



-



-



-



(773,623)



-



-

  Income allocation to participating  preferred shares



-



-



-



-



(6,172)



-



-

Net income/(loss) attributable to
  ordinary shareholders



56,838



35,022



11,542



1,836



(712,959)



79,497



12,649

Net income/(loss) per ordinary share—basic



0.09



0.06



0.02



0.003



(1.46)



0.13



0.020

Net income/(loss) per ordinary share—diluted



0.09



0.05



0.02



0.003



(1.46)



0.12



0.020

Weighted average number of ordinary shares used
   in computing basic net income/(loss) per share



610,872,332



623,297,593



624,008,549



624,008,549



487,159,760



622,010,661



622,010,661

Weighted average number of ordinary shares used
   in computing diluted net income/(loss) per share



648,380,080



648,612,661



645,376,189



645,376,189



487,159,760



647,617,767



647,617,767

Net income/(loss) per ADS—basic



0.74



0.45



0.15



0.024



(11.71)



1.02



0.163

Net income/(loss) per ADS—diluted



0.70



0.43



0.14



0.023



(11.71)



0.98



0.156

Weighted average number of ADS used in
   computing basic net income/(loss) per ADS



76,359,042



77,912,199



78,001,069



78,001,069



60,894,970



77,751,333



77,751,333

Weighted average number of ADS used in
   computing diluted net income/(loss) per ADS



81,047,510



81,076,583



80,672,024



80,672,024



60,894,970



80,952,221



80,952,221

 

Reconciliations of Non-GAAP Results of Operations Measures to The Nearest Comparables GAAP Measures

(Amounts in thousands, except for number of shares and per share data)






















Three Months Ended September 30, 2011


Three Months Ended June 30, 2012


Three Months Ended September 30, 2012





Non-GAAP






Non-GAAP






Non-GAAP





GAAP


Adjustments (1)


Non-GAAP


GAAP


Adjustments (1)


Non-GAAP


GAAP


Adjustments (1)


Non-GAAP



RMB


RMB


RMB


RMB


RMB


RMB


RMB


RMB


RMB



(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)

Gross profit                                                                                   


118,859


1,188


120,047


126,067


677


126,744


112,471


554


113,025

Gross margin


43.9%




44.3%


44.5%




44.7%


39.3%




39.5%

Income from operations


44,521


4,651


49,172


35,050


2,903


37,953


3,693


2,561


6,254

Operating margin


16.4%




18.2%


12.4%




13.4%


1.3%




2.2%

Net income attributable to  PNM


56,838


4,651


61,489


35,022


2,903


37,925


11,542


2,561


14,103

Net margin


21.0%




22.7%


12.4%




13.4%


4.0%




4.9%

Net income attributable to  ordinary shareholders


56,838


4,651


61,489


35,022


2,903


37,925


11,542


2,561


14,103

Net income per ADS—diluted


0.70




0.76


0.43




0.47


0.14




0.17

Weighted average number of ADS used in computing
  diluted net income per ADS


81,047,510




81,047,510


81,076,583




81,076,583


80,672,024




80,672,024







































(1) Non-GAAP adjustment is only to exclude share-based compensation expenses.




















Details of cost of revenue is as follows:



Three Months Ended









September 30,


June 30,


September 30,


September 30,













2011


2012


2012


2012













RMB


RMB


RMB


US$











(Amounts in thousands)


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)











Revenue sharing fees


89,100


72,775


79,383


12,631











Content and operational costs


37,920


50,530


60,109


9,564











Bandwidth costs


9,489


16,739


20,175


3,210











Sales tax and surcharages


15,403


17,269


14,220


2,263











Total cost of revenue


151,912


157,313


173,887


27,668











SOURCE Phoenix New Media Limited

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With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.