Click here to close now.

Welcome!

AJAX & REA Authors: VictorOps Blog, Dana Gardner, Ian Khan, Liz McMillan, Elizabeth White

News Feed Item

Honeywell Reports Full-Year Sales Up 4% To $39.1 Billion; Proforma Earnings Per Share Up 11% To $4.97 Per Share; Reported Earnings Per Share Of $4.92

-- 4Q13 - 5% Organic Sales Growth; Proforma EPS $1.24, Up 13%, On Stronger Operations

MORRIS TOWNSHIP, N.J., Jan. 24, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) today announced its results for the fourth quarter and full year 2013:

Total Honeywell




($ Millions, except Earnings Per Share)

FY 2012

FY 2013

Change

Sales

37,665

39,055

4%

Segment Margin

15.6%

16.3%

70 bps

Operating Income Margin1

13.6%

14.2%

60 bps

Earnings Per Share (Reported)

$3.69

$4.92

33%

Earnings Per Share (Proforma) 1

$4.48

$4.97

11%

Cash Flow from Operations

3,517

4,335

23%

Free Cash Flow2

3,672

3,808

4%






4Q 2012

4Q 2013

Change

Sales

9,581

10,387

8%

Segment Margin

15.6%

16.1%

50 bps

Operating Income Margin1

13.9%

13.4%

(50) bps

Earnings Per Share (Reported)

$0.32

$1.19

272%

Earnings Per Share (Proforma) 1

$1.10

$1.24

13%

Cash Flow from Operations

1,349

1,668

24%

Free Cash Flow2

1,311

1,402

7%


1. Proforma, V% / bps Exclude Pension Mark-to-Market Adjustment

2. Free Cash Flow (Cash Flow from Operations Less Capital Expenditures) Prior to Any NARCO Trust Establishment Payments, Cash Pension Contributions, and Cash Taxes Relating to the Sale of Available for Sale Investments

"Honeywell had a very strong fourth quarter, capping off a terrific year across the board with record sales, margins, and earnings," said Honeywell Chairman and CEO Dave Cote.  "Even in a continued slow-growth environment, our 2013 sales grew 4% and proforma earnings were up 11%, above our guidance, exiting the year with better than expected sales in every business.  We generated strong margin expansion driven by excellent execution, with benefits from continued traction on our key process and productivity initiatives across the portfolio.  We sustained our 'seed planting' investments for the future including innovating new products and technologies, and expanding geographically. We've also proactively funded new repositioning projects by smartly redeploying non-operating gains.  Our short-cycle businesses accelerated as we ended the year and our long-cycle order backlog stood at an impressive $15.5 billion.  While we think it's prudent to remain cautious on the global economy at this time, we're increasingly confident in our 2014 outlook based on the momentum from the fourth quarter.  And, the benefits from smart gain deployment actions position the Company for strong earnings growth and outperformance over the next 5 years." 

The company is also reaffirming its full-year 2014 guidance:

Full-Year Guidance





2014

Change



Current Guidance

vs. 2013 


Sales

 $40.3 - $40.7B

3% - 4%


Segment Margin

16.6% - 16.9%

30 - 60 bps3


Operating Income Margin1

15.2% - 15.5%

100 - 130 bps


Earnings Per Share1

$5.35 - $5.55

8% - 12%


Free Cash Flow2

 $3.8 - $4.0B

~Flat - 5%


1.

Proforma, V% / bps Exclude Pension Mark-to-Market Adjustment

2.

Free Cash Flow (Cash Flow from Operations Less Capital Expenditures) Prior to Any NARCO Trust Establishment Payments, Cash Pension Contributions, and Cash Taxes Relating to the Sale of Available for Sale Investments

3.

Segment Margin ex-M&A up 50 - 80 bps

Segment Performance

Aerospace




($ Millions)

FY 2012

FY 2013

% Change

Sales

12,040

11,980

~Flat

Segment Profit

2,279

2,372

4%

Segment Margin

18.9%

19.8%

90 bps





($ Millions)

4Q 2012

4Q 2013

% Change

Sales

3,020

3,099

3%

Segment Profit

601

636

6%

Segment Margin

19.9%

20.5%

60 bps

  • Sales were up 3% compared with the fourth quarter of 2012 driven by 3% Commercial growth and a 2% increase in Defense and Space.  Commercial original equipment (OE) sales were  approximately flat driven by continued strong OE build rates and favorable platform mix offset by higher payments due to BGA OEM customers.  Commercial aftermarket sales were up 5% driven by higher airline spares and strong BGA RMU (Repairs, Modifications, and Upgrades) sales.  Defense and Space sales increased 2% driven by a royalty gain and international strength offsetting planned program ramp downs.
  • Segment profit was up 6%, and segment margins expanded 60 bps to 20.5%, primarily due to productivity net of inflation, and commercial excellence, partially offset by investments for growth. BGA OEM payments were offset by a royalty gain in Defense and Space.

Automation and Control Solutions




($ Millions)

FY 2012

FY 2013

% Change

Sales

15,880

16,556

4%

Segment Profit

2,232

2,437

9%

Segment Margin

14.1%

14.7%

60 bps





($ Millions)

4Q 2012

4Q 2013

% Change

Sales

4,172

4,576

10%

Segment Profit

645

698

8%

Segment Margin

15.5%

15.3%

(20) bps

  • Sales were up 10% reported, up 4% organic, compared with the fourth quarter of 2012,  primarily driven by the favorable impact of acquisitions, growth in Energy, Safety, and Security due to strong residential end markets, new product introductions, and strength in the Americas Distribution business.
  • Segment profit was up 8% and segment margins were down (20) bps to 15.3% driven by the dilutive impact of acquisitions, higher Building Solutions and Distribution sales, and continued investments for growth partially offset by volume and productivity net of inflation, including benefits from prior period repositioning.

Performance Materials and Technologies




($ Millions)

FY 2012

FY 2013

% Change

Sales

6,184

6,764

9%

Segment Profit

1,154

1,271

10%

Segment Margin

18.7%

18.8%

10 bps





($ Millions)

4Q 2012

4Q 2013

% Change

Sales

1,545

1,734

12%

Segment Profit

210

272

30%

Segment Margin

13.6%

15.7%

210 bps

  • Sales were up 12% reported, 9% organic, compared with the fourth quarter of 2012, driven by the favorable impact of the Thomas Russell acquisition, increased UOP catalyst and gas processing volume, and improved production volumes in Advanced Materials.
  • Segment profit was up 30% and segment margins expanded 210 bps to 15.7% in the fourth quarter primarily due to strong volume and productivity, partially offset by continued investments for growth. 

Transportation Systems




($ Millions)

FY 2012

FY 2013

% Change

Sales

3,561

3,755

5%

Segment Profit

432

498

15%

Segment Margin

12.1%

13.3%

120 bps





($ Millions)

4Q 2012

4Q 2013

% Change

Sales

844

978

16%

Segment Profit

94

133

41%

Segment Margin

11.1%

13.6%

250 bps

  • Sales were up 16% reported, 15% organic, compared with the fourth quarter of 2012, driven by continued growth from new platform launches, higher global turbo gas penetration and light vehicle production, and an uptick in China commercial vehicle demand.
  • Segment profit was up 41% in the fourth quarter and segment margins expanded 250 bps to 13.6% primarily driven by strong Turbo material productivity and volume leverage, and operational improvements in Friction Materials.

Honeywell will discuss its results during its investor conference call today starting at 9:00 a.m. EST.  To participate on the conference call, please dial (800) 862-9098 (domestic) or (785) 424-1051 (international) a few minutes before the 9:00 a.m. EST start. Please mention to the operator that you are dialing in for Honeywell's fourth quarter 2013 earnings call or provide the conference code, HONQ413.  You can hear a replay of the conference call from 12:00 p.m. EST, January 24, until 11:59 p.m. EST, January 31, by dialing (800) 283-4799 (domestic) or (402) 220-0860 (international).

A real-time audio webcast of the presentation can be accessed at http://www.honeywell.com/investor, where related materials will be posted prior to the presentation. The presentation materials will be in Adobe Acrobat format. A replay of the webcast will be available following the presentation at the same link listed above for 30 days.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges.  For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

Contacts:


Media

Investor Relations

Robert C. Ferris

Elena Doom

(973) 455-3388

(973) 455-2222

[email protected]

[email protected]

 


Honeywell International Inc

Consolidated Statement of Operations (Unaudited)

(Dollars in millions, except per share amounts)












Three Months Ended


 Twelve Months Ended 



December 31,


December 31,



2013


2012


2013


2012










Product sales

$     8,303


$   7,628


$  31,214


$  29,812

Service sales

2,084


1,953


7,841


7,853

Net sales

10,387


9,581


39,055


37,665










Costs, expenses and other








    Cost of products sold  (A)

6,278


6,302


23,317


22,929

    Cost of services sold  (A)

1,334


1,379


5,047


5,362



7,612


7,681


28,364


28,291

    Selling, general and administrative expenses (A)

1,438


1,523


5,190


5,218

    Other (income) expense

(185)


(16)


(238)


(70)

    Interest and other financial charges

83


87


327


351



8,948


9,275


33,643


33,790










Income before taxes

1,439


306


5,412


3,875

Tax expense

475


51


1,450


944










Net income

964


255


3,962


2,931










Less: Net income attributable to the noncontrolling interest

17


4


38


5










Net income attributable to Honeywell

$        947


$     251


$    3,924


$    2,926










Earnings per share of common stock - basic

$       1.20


$    0.32


$      4.99


$      3.74










Earnings per share of common stock - assuming dilution

$       1.19


$    0.32


$      4.92


$      3.69










Weighted average number of shares outstanding-basic

785.9


787.2


786.4


782.4










Weighted average number of shares outstanding -








    assuming dilution

797.0


796.4


797.3


791.9


(A) Cost of products and services sold and selling, general and administrative expenses include amounts for repositioning and other charges, pension and other postretirement (income) expense, and stock compensation expense.


(B) Below is a reconciliation of Earnings per share to Earnings per share, excluding mark-to-market pension expense. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.



Three Months Ended


Twelve Months Ended



December 31,


December 31,



20131


20121


20131


20121











Earnings per share of common stock - assuming dilution

$       1.19


$    0.32


$      4.92


$      3.69


Mark-to-market pension expense

0.05


0.78


0.05


0.79











Earnings per share of common stock - assuming dilution, 









excluding mark-to-market pension expense

$       1.24


$    1.10


$      4.97


$      4.48











1- EPS utilizes weighted average shares outstanding and the effective tax rate for the period.  Mark-to-market uses a blended tax rate of 25.5% and 35.0% for 2013 and 2012, respectively.

 

 

Honeywell International Inc

Segment Data (Unaudited) 

(Dollars in millions)












Three Months Ended


Twelve Months Ended



December 31,


December 31,

Net Sales

2013


2012


2013


2012










Aerospace

$         3,099


$         3,020


$       11,980


$       12,040










Automation and Control Solutions

4,576


4,172


16,556


15,880










Performance Materials and Technologies

1,734


1,545


6,764


6,184










Transportation Systems

978


844


3,755


3,561










     Total

$       10,387


$         9,581


$       39,055


$       37,665



















Reconciliation of Segment Profit to Income Before Taxes












Three Months Ended


Twelve Months Ended



December 31,


December 31,

Segment Profit

2013


2012


2013


2012










Aerospace

$            636


$            601


$         2,372


$         2,279










Automation and Control Solutions

698


645


2,437


2,232










Performance Materials and Technologies

272


210


1,271


1,154










Transportation Systems

133


94


498


432










Corporate

(70)


(54)


(227)


(218)










     Total segment profit

1,669


1,496


6,351


5,879










Other income (expense) (A)

180


7


202


25

Interest and other financial charges

(83)


(87)


(327)


(351)

Stock compensation expense (B)

(41)


(39)


(170)


(170)

Pension ongoing income (expense) (B)

22


(7)


90


(36)

Pension mark-to-market expense (B)

(51)


(957)


(51)


(957)

Other postretirement expense (B)

(13)


(20)


(20)


(72)

Repositioning and other charges (B)

(244)


(87)


(663)


(443)










Income before taxes

$         1,439


$            306


$         5,412


$         3,875



















(A)  Equity income (loss) of affiliated companies is included in segment profit.










(B)  Amounts included in cost of products and services sold and selling, general and administrative expenses.

 

 

 

Honeywell International Inc

Consolidated Balance Sheet (Unaudited)

(Dollars in millions)











December 31,

December 31,




2013



2012










ASSETS








Current assets:







    Cash and cash equivalents


$      6,422



$      4,634


    Accounts, notes and other receivables


7,929



7,429


    Inventories


4,293



4,235


    Deferred income taxes


849



669


    Investments and other current assets


1,671



631



Total current assets


21,164



17,598










Investments and long-term receivables


393



623


Property, plant and equipment - net


5,278



5,001


Goodwill


13,046



12,425


Other intangible assets - net


2,514



2,449


Insurance recoveries for asbestos related liabilities


595



663


Deferred income taxes


368



1,889


Other assets


2,077



1,205











Total assets


$    45,435



$    41,853










LIABILITIES AND SHAREOWNERS' EQUITY







Current liabilities:







    Accounts payable


$      5,174



$      4,736


    Short-term borrowings


97



76


    Commercial paper


1,299



400


    Current maturities of long-term debt


632



625


    Accrued liabilities


7,016



7,208



Total current liabilities


14,218



13,045










Long-term debt


6,801



6,395


Deferred income taxes


804



628


Postretirement benefit obligations other than pensions


982



1,365


Asbestos related liabilities


1,150



1,292


Other liabilities


3,734



5,913


Redeemable noncontrolling interest


167



150


Shareowners' equity


17,579



13,065











Total liabilities, redeemable noncontrolling interest and shareowners' equity


$    45,435



$    41,853


 

 

Honeywell International Inc

 Consolidated Statement of Cash Flows (Unaudited)

(Dollars in millions)












Three Months Ended


Twelve Months Ended



December 31, 


December 31, 



2013


2012


2013


2012

Cash flows from operating activities:









    Net income


$      964


$      255


$  3,962


$ 2,931

    Less: Net income attributable to the noncontrolling interest


17


4


38


5

    Net income attributable to Honeywell


947


251


3,924


2,926

    Adjustments to reconcile net income attributable to Honeywell to net









    cash provided  by operating activities:









        Depreciation and amortization


249


245


989


926

        Loss (Gain) on sale of non-strategic businesses and assets


20


(2)


20


(5)

        Gain on sale of available for sale investments


(195)


-


(195)


-

        Repositioning and other charges


244


87


663


443

        Net payments for repositioning and other charges


(246)


(151)


(763)


(503)

        Pension and other postretirement expense (income)


42


984


(19)


1,065

        Pension and other postretirement benefit payments


(45)


(295)


(298)


(1,183)

        Stock compensation expense


41


39


170


170

        Deferred income taxes


5


(235)


262


84

        Excess tax benefits from share based payment arrangements


(31)


(28)


(132)


(56)

        Other


273


69


308


108

        Changes in assets and liabilities, net of the effects of









        acquisitions and divestitures:









           Accounts, notes and other receivables


17


41


(365)


(119)

           Inventories


135


78


41


25

           Other current assets


(393)


(1)


(421)


(78)

           Accounts payable


384


207


352


(13)

           Accrued liabilities


221


60


(201)


(273)

Net cash provided by operating activities


1,668


1,349


4,335


3,517










Cash flows from investing activities:









    Expenditures for property, plant and equipment


(400)


(298)


(947)


(884)

    Proceeds from disposals of property, plant and equipment


8


3


15


5

    Increase in investments


(517)


(220)


(1,220)


(702)

    Decrease in investments


474


272


1,122


559

    Cash paid for acquisitions, net of cash acquired


(70)


(376)


(1,133)


(438)

    Proceeds from sales of businesses, net of fees paid


3


3


3


21

    Other


97


53


201


11

Net cash used for investing activities


(405)


(563)


(1,959)


(1,428)










Cash flows from financing activities:









    Net (decrease) increase in commercial paper


(800)


(499)


899


(199)

    Net increase in short-term borrowings


13


3


31


22

    Proceeds from issuance of common stock


85


163


447


342

    Proceeds from issuance of long-term debt


1,036


16


1,063


102

    Payments of long-term debt


(3)


(1)


(607)


(1)

    Excess tax benefits from share based payment arrangements


31


28


132


56

    Repurchases of common stock


(304)


(317)


(1,073)


(317)

    Cash dividends paid


(358)


(331)


(1,353)


(1,211)

    Other


-


-


28


-

Net cash used for financing activities


(300)


(938)


(433)


(1,206)










Effect of foreign exchange rate changes on cash and cash equivalents


(40)


26


(155)


53

Net increase (decrease) in cash and cash equivalents


923


(126)


1,788


936

Cash and cash equivalents at beginning of period


5,499


4,760


4,634


3,698

Cash and cash equivalents at end of period


$   6,422


$   4,634


$  6,422


$ 4,634

 

Honeywell International Inc

Reconciliation of Cash Provided by Operating Activities to Free Cash Flow (Unaudited)

(Dollars in millions)

































Three Months Ended


 Twelve Months Ended 




December 31,


December 31,




2013


2012


2013


2012












Cash provided by operating activities


$     1,668


$      1,349


$   4,335


$      3,517


Expenditures for property, plant and equipment 


(400)


(298)


(947)


(884)














$     1,268


$      1,051


$   3,388


$      2,633












Cash pension contributions


5


260


156


1,039


NARCO Trust establishment payments


29


-


164


-


Cash taxes relating to the sale of available for sale investments


100


-


100


-












Free cash flow


$     1,402


$      1,311


$   3,808


$      3,672



We define free cash flow as cash provided by operating activities, less cash expenditures for property, plant and equipment, cash pension contributions, NARCO Trust establishment payments and cash taxes relating to the sale of available for sale investments.

 

We believe that this metric is useful to investors and management as a measure of cash generated by business operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, and to pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This metric can also be used to evaluate our ability to generate cash flow from business operations and the impact that this cash flow has on our liquidity.

   

 


Honeywell International Inc

Reconciliation of Segment Profit to Operating Income and Calculation of Segment Profit and Operating Income Margins Excluding Pension Mark-to-Market Adjustment  (Unaudited)

(Dollars in millions)




















Three Months Ended



December 31,




2013


2012








Segment Profit


$     1,669


$    1,496








Stock compensation expense (A)


(41)


(39)


Repositioning and other (A, B)


(249)


(96)


Pension ongoing income (expense) (A)


22


(7)


Pension mark-to-market adjustment (A)


(51)


(957)


Other postretirement expense (A)


(13)


(20)








Operating Income


$     1,337


$       377


Pension mark-to-market adjustment (A)


$        (51)


$      (957)


Operating Income excluding pension mark-to-market adjustment


$     1,388


$    1,334








Segment Profit


$     1,669


$    1,496


÷ Sales


$   10,387


$    9,581


Segment Profit Margin %


16.1%


15.6%








Operating Income


$     1,337


$       377


÷ Sales


$   10,387


$    9,581


Operating Income Margin %


12.9%


3.9%








Operating Income excluding pension mark-to-market adjustment


$     1,388


$    1,334


÷ Sales


$   10,387


$    9,581


Operating Income Margin excluding pension mark-to-market adjustment %


13.4%


13.9%



(A) Included in cost of products and services sold and selling, general and administrative expenses.

(B) Includes repositioning, asbestos, environmental expenses and equity income adjustment.


We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

 


Honeywell International Inc

Reconciliation of Segment Profit to Operating Income Excluding Pension Mark-to-Market Adjustment and

Calculation of Segment Profit and Operating Income Margins Excluding Pension Mark-to-Market Adjustment (Unaudited)

(Dollars in millions)









Twelve Months Ended




December 31, 




2013








Segment Profit



$    6,351









Stock compensation expense (A)



(170)



Repositioning and other (A, B)



(699)



Pension ongoing expense (A)



90



Pension mark-to-market adjustment (A)



(51)



Other postretirement expense (A)



(20)









Operating Income



$    5,501



Pension mark-to-market adjustment (A)



$       (51)



Operating Income excluding pension mark-to-market adjustment



$    5,552









Segment Profit



$    6,351



÷ Sales



$  39,055



Segment Profit Margin %



16.3%









Operating Income



$    5,501



÷ Sales



$  39,055



Operating Income Margin %



14.1%









Operating Income excluding pension mark-to-market adjustment



$    5,552



÷ Sales



$  39,055



Operating Income Margin excluding pension mark-to-market adjustment %



14.2%




(A) Included in cost of products and services sold and selling, general and administrative expenses.

(B) Includes repositioning, asbestos, environmental expenses and equity income adjustment.


We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

 


Honeywell International Inc

Reconciliation of Segment Profit to Operating Income Excluding Pension Mark-to-Market Adjustment and

Calculation of Segment Profit and Operating Income Margins Excluding Pension Mark-to-Market Adjustment (Unaudited)

(Dollars in millions)









Twelve Months Ended




December 31, 




2012








Segment Profit



$    5,879









Stock compensation expense (A)



(170)



Repositioning and other (A, B)



(488)



Pension ongoing expense (A)



(36)



Pension mark-to-market adjustment (A)



(957)



Other postretirement expense (A)



(72)









Operating Income



$    4,156



Pension mark-to-market adjustment (A)



$     (957)



Operating Income excluding pension mark-to-market adjustment



$    5,113









Segment Profit



$    5,879



÷ Sales



$  37,665



Segment Profit Margin %



15.6%









Operating Income



$    4,156



÷ Sales



$  37,665



Operating Income Margin %



11.0%









Operating Income excluding pension mark-to-market adjustment



$    5,113



÷ Sales



$  37,665



Operating Income Margin excluding pension mark-to-market adjustment %



13.6%




(A) Included in cost of products and services sold and selling, general and administrative expenses.

(B) Includes repositioning, asbestos, environmental expenses and equity income adjustment.


We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

 

Honeywell International Inc

EPS Impact of Gain on Sale of Available for Sale Investments (Unaudited)

(Dollars in millions, except per share amounts)








Three Months Ended




December 31, 




2013





Gain on sale of available for sale investments

$       195





Taxes at 34.9%

68





After tax gain on sale of available for sale investments

$       127





EPS impact of gain on sale of available for sale investments(1)

$      0.16





(1) Utilizes weighted average shares of 797.0 million



 

 

SOURCE Honeywell

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
Big Data is amazing, it's life changing and yes it is changing how we see our world. Big Data, however, can sometimes be too big. Organizations that are not amassing massive amounts of information and feeding into their decision buckets, smaller data that feeds in from customer buying patterns, buying decisions and buying influences can be more useful when used in the right way. In their session at Big Data Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positi...
SYS-CON Media announced today that XebiaLabs launched a popular blog feed on DevOps Journal with close to 2,000 story reads in less than a day. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done.
Cloudian, Inc., the leading provider of hybrid cloud storage solutions, today announced availability of Cloudian HyperStore 5.1 software. HyperStore 5.1 is an enhanced Amazon S3-compliant, plug-and-play hybrid cloud software solution that now features full Apache Hadoop integration. Enterprises can now transform big data into smart data by running Hadoop analytics on HyperStore software and appliances. This in-place analytics, with no need to offload data to other systems for Hadoop analyses, en...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
XebiaLabs has announced record growth and major highlights for 2014. These milestones include: Triple-digit worldwide revenue growth. Record number of new customers including 3M, Allianz, American Express, Credit Agricole, Digital Globe, Electronic Arts, EMC, Expedia, Fandango / NBC Universal, GATX, General Electric, ING, KPMG, Liberty Mutual, Natixis, Paychex, Providence Health, Societe General, Thomson Reuters TIIA-CREF and Umpqua Bank.
CodeFutures has announced Dan Lynn as its new CEO. Lynn assumes the role from Founder Cory Isaacson, who has joined RMS and will now serve as chairman of CodeFutures. Lynn brings more than 14 years of advanced technology and business success experience, and will help CodeFutures build on its industry leadership around its Agile Big Data initiatives. His technical expertise will be invaluable in advancing CodeFutures’ AgilData platform and new processes for streamlining and gaining value from gro...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been ...
“We just completed the roll out of our first public and private cloud offerings, which are a combination of public, hybrid, and private cloud,” stated Erik Levitt, CEO of Open Data Centers, in this SYS-CON.tv interview at the 14th International Cloud Expo®, held June 10-12, 2014, at the Javits Center in New York City. Cloud Expo® 2014 Silicon Valley, November 4–6, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - is now accepting submissions to demo smart cars on the Expo Floor. Smart car sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem.
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
Thanks to Docker, it becomes very easy to leverage containers to build, ship, and run any Linux application on any kind of infrastructure. Docker is particularly helpful for microservice architectures because their successful implementation relies on a fast, efficient deployment mechanism – which is precisely one of the features of Docker. Microservice architectures are therefore becoming more popular, and are increasingly seen as an interesting option even for smaller projects, instead of bein...