Welcome!

iPhone Authors: Elizabeth White, Christophe Primault, Carmen Gonzalez, Pat Romanski, Liz McMillan

News Feed Item

Digital China Announces FY2012/13 Third Quarterly Results

- Reports Growth amidst Headwinds

HONG KONG, Feb. 26, 2013 /PRNewswire/ --

Results Highlights:

For the nine months ended 31 December 2012:

  • The Group achieved trend-bucking growth in business and recorded turnover of HK$56,674 million, up 6.83% year-on-year.
  • Gross profit margin for the third quarter was 8.01%, reversing the decline in the first half of the year.
  • Profit attributable to equity holders of the parent amounted to HK$1,171 million, up 11.43% year-on-year.
  • Basic earnings per share were 109.64 HK cents, up 11.75% from 98.11 HK cents for the corresponding period of last fiscal year.
  • Credit to resolute implementation of stringent cost management and control policy, the operating expense ratio was substantially lower at 5.30 % as compared to 5.65% reported for the corresponding period of last financial year.

Digital China, China's largest integrated IT services provider, today announced the unaudited consolidated third quarter results of the Company and its subsidiaries (collectively the "Group" ; Stock Code: 00861.HK) for the nine months ended 31 December 2012 (the "Period").

In response to uncertainties and challenges in the macro-environment as well as various market sub-segments in 2012, the Group continued to implement the guiding principle of "prudent progress, streamlined establishment with enhance efficiency and with a focus on Sm@rt City" and was able to report trend-bucking stable growth in revenue and profit amid intense market competition thanks to its comprehensive and balanced business distribution which also enabled stable and healthy development in results under overall macroeconomic weakness. Market share management was enhanced in Distribution Business and Systems Business, while close cooperation with core vendors was maintained to sustain stable market share. Supply Chain Services Business reported improvements in business value thanks to ongoing optimization of its business mix. Our Services Business increased effective coverage of sub-segment industries by increasing the proportion of software and services business. The steady progress of the "Sm@rt City focus" strategy provided an effective driving force for the Group's transformation to a services-oriented business.

The Group launched the nation's first integrated citizen services platforms in Fuzhou and Foshan in December of the current financial year with the benefit of its focus and vision in the development of Sm@rt Cities. Meanwhile, the Group was included in "Forbes Asia Fab 50" for the fourth year in a row, reflecting ongoing recognition from the capital market.

Financial Review

During the Period, the Group recorded turnover of approximately HK$56,674 million, a growth of 6.83% year-over-year. Against the slowdown in market growth, all business units reported stable revenue growth as the Group adopted the approach of "progress subject to stability" and explored the depth of the market to identify new business opportunities by continuously strengthening our ties with vendors and channels / customers. Meanwhile, on the back of ongoing efforts by our business units to optimize their business mixes with a strong focus on gross profit margin improvement, the Group reported gross profit margin of 8.01% for the third quarter of this financial year to reverse the decline in the second quarter. Profit attributable to equity holders of the parent for the nine months ended 31 December 2012 of the current financial year amounted to approximately HK$1,171 million, sustaining a double digit growth of 11.43% as compared to approximately HK$1,051 million for the corresponding period of last financial year. Basic earnings per share amounted to 109.64 HK cents, representing an 11.75% growth compared to 98.11 HK cents for the corresponding period of last financial year.

Management of the Group continued to implement a stringent policy in risk management and control. Key tasks in risk management and cash flow management were effectively implemented with measures to optimise business flows and enhance management of receivables. The Group's net cash inflow from operating activities amounted to approximately HK$615 million for the nine months ended 31 December 2012. Net cash inflow from operating activities for the third quarter amounted to approximately HK$276 million in sustained positive performance. Meanwhile, in view of the slowdown in revenue growth, the Group further strengthened stringent cost management and control policies formulated at the start of the year, making constant improvements to our resource utilisation efficiency by streamlining our product lines and staff positions. The Group's operating expense ratio for the nine months ended 31 December 2012 was substantially lower at 5.30% as compared to 5.65% reported for the corresponding period of last financial year with total operating expense achieving zero growth for the year.

Segment Results


Nine months ended 31 December


(HK$ million)

FY 2012/2013

FY 2011/2012

Change (%) YoY

Distribution*




Segment revenue

28,445

28,819

-1.30%

Segment gross profit

916

1,273

-28.05%

Segment results

228

463

-50.70%

Systems*




Segment revenue

20,620

18,171

+13.48%

Segment gross profit

1,894

1,574

+20.38%

Segment results

988

793

+24.65%

Supply Chain Services *




Segment revenue

854

873

-2.12%

Segment gross profit

177

168

+5.20%

Segment results

36

22

+60.68%

Services




Segment revenue

6,755

5,188

+30.21%

Segment gross profit

1,125

975

+15.34%

Segment results

460

236

+94.98%

*Restate: The Group started to make adjustments to business segments in the current fiscal year:

1. A sub-segment of the "Supply Chain Services Segment" will be devoted to the provision of professional supply chain management services including one-stop logistics and maintenance services, to hi-tech corporate customers and industry customers; another sub-segment will provide purchasing services to chain electronic stores (CES) for terminal products such as PC, notebook, smart devices, digital products, where CES is deemed as a retail format and an effective complement to the Distribution Segment which aims at a comprehensive coverage of all business formats. Therefore, this sub-segment has been reallocated to the Distribution Segment. In order to provide a more appropriate presentation for the Group's operating segment information, the Group reallocated this sub-segment from the "Supply Chain Services Segment" to the "Distribution Segment" at the start of this financial year and the relevant results for the corresponding period of last financial year have been restated accordingly;

2. A sub-segment of the "Distribution Segment" will continue to focus on full channel coverage for all retail formats for IT products and devices, developing and supplying IT products and solutions of broader variety and higher value to consumer and SMB customers. Another sub-segment in the original Distribution Segment, covering products such as PC, servers, will become an important part of IT infrastructure building in line with the development of cloud computing, which will be more compatible with the business positioning of the Systems Segment, which aims to become a supplier of IT infrastructure products and solutions. Therefore, this sub-segment has been reallocated to the Systems Segment. In order to provide a more appropriate presentation for the Group's operating segment information, the Group reallocated this sub-segment from the "Distribution Segment" to the "Systems Segment" at the start of this financial year and the relevant results for the corresponding period of last financial year have been restated accordingly.

Business Review

Services Business (primary focus on the Industry Market, offering IT planning and IT systems consultation, design and implementation of industry application software and solutions, outsourcing of IT system operation and maintenance, as well as products and services in systems integration and maintenance)

During the Period, the Services Business reported turnover of approximately HK$6,755 million, up 30.21% year-over-year. Turnover from the Services Business for the third quarter increased by 68.31% year-over-year, reflecting realisation of deferred customer demand. Management of the Group made proactive adjustments to its business strategies in response to volatility of industry market and succeeded in orchestrating substantial growth for the Services Business as a whole by integrating the Group's resources and strengthening business development in the government corporation industry and the financial industry to capture opportunities arising in these sub-segments. During the Period, the financial and government corporation sectors reported strong growth rates of 56.97% and 57.37%, respectively.

The Group continued to drive its transformation to a services-oriented business and to enhance the development of pure software and pure services businesses in various industry sub-sectors. Related to the financial industry, a new business model of "Financial Cloud Services" has been widely accepted by the market and customers, as more than 50 township banks have been signed up for the provision of operational services such as core business systems, credit systems and Internet banking systems. Moreover, in addition to ongoing provision of software and services to the State Administration of Taxation, our taxation business continued to sign up new customers including the Shandong Local Taxation Bureau, Ningbo Local Taxation Bureau, and Hainan Local Taxation Bureau. Breakthroughs in tax payment services have also been achieved with the successful implementation of online tax payment at Guizhou Local Taxation Bureau, Guizhou Bureau of the State Administration of Taxation, Shaanxi Bureau of the State Administration of Taxation, Gansu Bureau of the State Administration of Taxation and Anhui Local Taxation Bureau.

With the benefit of its focus and vision in the development of the Sm@rt City, the Group launched the nation's first integrated citizen services platforms in Fuzhou and Foshan on a pilot basis in December 2012. The platforms marked a change of the role of the Group in its Sm@rt City business from a solution provider to an operational services provider, and further reinforced its position as an expert in Sm@rt City. For the nine months ended 31 December 2012, the Sm@rt City business operated in 69 cities across the nation and the contracts signed for solutions and projects increased by 41%, with solutions being implemented in numerous cities across nation. Following the growing maturity and successful implementation in various cities of the citizen card project and meat and vegetable source system, data application solutions were also implemented in Wuhan, Lanzhou and Xinjiang, while cloud computing solutions were successfully implemented in Lanzhou and Zhangjiagang, with exponential growth in contract amount signed.

Distribution Business (primary focus on the SMB & Consumer Markets, engaging in the distribution of general IT products such as notebook computers, desktop computers, peripherals, accessories and consumer IT products)

There was a notable decline in the businesses of our principal products of notebook computers and peripherals in 2012 as the impact of the macroeconomic slowdown became evident on demand in the IT consumer market. The effect of new products and technologies launched in the third quarter of the financial year as a driving force for the consumer market has yet to be recognized. During the Period, the Group was increasingly concerned with stable and healthy business development, as it resolutely strengthened the implementation of its business strategy of "streamlined establishment with enhanced efficiency." Through stringent management over the input of business resources and corresponding output, proactive measures were taken to streamline and cut back product lines with low output, while continued efforts were made to enhance in-depth cooperation with vendor-ends and the channel-ends. These efforts have resulted in the retention of stable market share. During the Period, the Group's Distribution Business reported turnover of approximately HK$28,445 million, a slight decrease compared to the corresponding period of last financial year. Gross profit margin for the third quarter improved significantly subsequent to a temporary decline in the second quarter owing to stock clearance measures to avert potential business risks.

During the Period, the Group's coverage of CES and e-commerce channels was enhanced by further breakdown of channels and close monitoring of changes and development in retail formats. The Group continued to enhance cooperation with large-scale retail hypermarkets. In particular, we have strengthened cooperation with Gome and Walmart in connection with Apple products. During the Period, CES business reported rapid growth of 45.63% year-over-year. In connection with e-commerce, the Group strengthened strategic cooperation with core customers such as 360buy, 51buy and Suning, etc to leverage growth opportunities in the e-commerce industry and sustain rapid growth for e-commerce business, so that it will provide another important source of revenue in addition to the traditional IT product channel and CES channel.

Systems Business (primary focus on the Enterprise Market, offering value-added distribution of systems products such as servers, networking products, storage products and packaged software)

The Systems Business of the Group effectively capitalised on opportunities arising from market growth in the first half of the year and reported significant growth. During the Period, turnover amounted to approximately HK$20,620 million, up 13.48% year-over-year, while gross profit margin also increased by 53 basis points to 9.19%, offering effective support to the achievement of the Group's overall results. While demand in the Enterprise Market was affected by the growth slowdown of macro-economy in the third quarter of this financial year, profit growth for our Systems Business remained robust thanks to our efforts to increase our quarterly gross profit margin and stringent internal management control.

During the Period, The Group's Systems Business worked closely with key vendors. Through effective market share management, cooperation in existing businesses was fortified to secure stability and growth in market share for major areas. Moreover, we also worked with key vendors to monitor developments in novel areas such as cloud computing and big data, commencing strategic cooperation with leading players in cloud computing such as Cisco, Oracle and IBM, etc in a joint effort to plan for cloud computing data centre solutions as well as industry systems solutions for the telecommunications, financial and government sectors, etc.

Supply Chain Services Business (primary focus on the markets of Hi-tech Industries, Branded e-Commerce Platform Operators and Branded Service Providers, providing "one-stop" supply chain consultancy and execution in logistics, business flow, capital flow and information flow)

The Group's Supply Chain Services Business took the initiative to adjust businesses commanding lower gross profit as part of its ongoing efforts to optimise our business mix and improve business distribution. Through persistent monitoring and in-depth analysis, new business development endeavours were made in the logistics segment in relation to industrial sectors, while the proportion of the services business increased in relation to the service station segment. Such efforts drove ongoing growth in the overall profitability of the Supply Chain Services Business. Our Supply Chain Services Business reported turnover of approximately HK$854 million for the nine months ended 31 December 2012. Gross profit margin increased by 145 basis points to 20.72%, as compared to the corresponding period of last financial year. The logistics business reported overall revenue of approximately HK$328 million, sustaining rapid growth with a 57.90% increase year-over-year. Services station business continued to optimise business mix and strengthen station management to enhance profitability through servicing ability. The Group sustained healthy growth in revenue from the services station business and the gross margin of services station business was 624 basis points higher as compared to the corresponding period of last financial year.

Market Outlook

In 2012, the economy embraced a cycle of sluggish growth. Since the beginning of the fourth quarter, there has been increasing volatility and challenges in the sub-segment markets. More adverse conditions are expected overall as there are few signs of recovery in the consumer market, while the Enterprise Market is also facing a slowdown. In terms of general strategy for the final quarter of the current financial year, the Group management will continue to implement the guiding principle of 'prudent progress, streamlined establishment with enhanced efficiency and with a focus on Sm@rt City' proposed at the start of the year, and will also closely monitor market changes, remain flexible and respond resolutely. In terms of business strategy, management will reinforce its existing business foundation through market share management, customer planning and increased efforts to develop new industries and customers for new business growth niches. In terms of the Sm@rt City business, we will continue to implement the trial operation of integrated citizen services platforms and actively investigate operating models for the Sm@rt City, while enhancing our marketing efforts for Sm@rt City solutions. In connection with management and control strategy, the Company will continue to strengthen management of risk management and operating cash flows to assure healthy and stable business growth. Management will endeavour to overcome unfavourable factors for business operation in the fourth quarter, striving to accomplish business targets and to continue delivery of value to shareholders.

About Digital China

Digital China (Stock Code: 00861.HK) is the largest integrated IT services provider in the Greater China area. Digital China provides end-to-end integrated IT services for customers on the back of a complete IT services value chain that covers IT planning and consultation, IT infrastructure system integration, design and implementation of solutions, design and development of application software, outsourcing of IT system operations and maintenance, IT distribution and maintenance, etc.

Digital China is driving the Sm@rt City initiative in tandem with China's 12th Five-Year Plan. By facilitating consolidation and innovation through IT advances such as cloud computing, mobile internet and the internet of things, the Group seeks to advance China's new urbanization progress. As the largest integrated IT services provider in China, Digital China has comprehensive service capability and business coverage that ranges from Sm@rt City framework design and planning, Sm@rt City IT infrastructure implementation to Sm@rt City operational services. Leveraging on its extensive expertise and experience in informatization, Digital China has become China's leading Sm@rt City expert that boasts a forward-looking theoretical structure and has the largest stock of successful cases.

For additional information about Digital China, please visit the Group's website at www.digitalchina.com.hk.

For investor enquiries:




Neal He

Alex Tso

Digital China Holdings Limited

Digital China Holdings Limited

Tel: 852-3416-8133

Tel: 852-3416-8077

Email: [email protected]

Email: [email protected]



For media enquiries:




Selena Li

Henry Chik

Digital China Holdings Limited

PRChina Limited

Tel: 86-10-8270-7192

Tel: 852-2522-1368

Email: [email protected]

Email: [email protected]



Camille Xiong

David Shiu

PRChina Limited

PRChina Limited

Tel: 852-2522-1838

Tel: 852-2521-2823

Email: [email protected]

Email: [email protected]

 

CONDENSED CONSOLIDATED INCOME STATEMENT

 



Three months ended

31 December 2012


Nine months ended

31 December 2012


Three months ended

31 December 2011


Nine months ended

31 December 2011



(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)



HK$'000


HK$'000


HK$'000


HK$'000










REVENUE                                   


19,269,928


56,673,525


18,912,685


53,050,532










Cost of sales


(17,727,027)


(52,561,428)


(17,482,989)


(49,060,510)










Gross profit


1,542,901


4,112,097


1,429,696


3,990,022










Other income and gains


232,587


650,626


208,711


590,367










Selling and distribution costs


(762,831)


(2,182,510)


(838,287)


(2,204,387)

Administrative expenses


(129,004)


(416,651)


(132,097)


(397,038)

Other operating expenses, net


(233,829)


(403,318)


(100,275)


(397,782)

Total operating expenses


(1,125,664)


(3,002,479)


(1,070,659)


(2,999,207)










Finance costs


(66,260)


(223,116)


(67,211)


(229,345)

Share of profits and losses of:









Jointly-controlled entities


(965)


214


(1,053)


(1,462)

Associates


33,928


23,654


37,096


51,929










PROFIT BEFORE TAX


616,527


1,560,996


536,580


1,402,304










Income tax expense


(130,429)


(229,769)


(109,249)


(258,382)










PROFIT FOR THE PERIOD


486,098


1,331,227


427,331


1,143,922










Attributable to:









Equity holders of the parent


429,915


1,170,987


385,551


1,050,871

Non-controlling interests


56,183


160,240


41,780


93,051












486,098


1,331,227


427,331


1,143,922










EARNINGS PER SHARE 
     ATTRIBUTABLE TO
     ORDINARY EQUITY
     HOLDERS OF THE
     PARENT









Basic




109.64 HK cents




98.11 HK cents










Diluted




108.23 HK cents




97.61 HK cents

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

 



At

31 December 2012


At

31 March 2012



(Unaudited)


(Audited)



HK$'000


HK$'000

NON-CURRENT ASSETS





Property, plant and equipment


1,421,337


1,236,475

Investment properties


216,779


305,005

Prepaid land premiums


189,622


163,215

Goodwill


239,012


236,377

Intangible assets


9,148


4,591

Investments in jointly-controlled entities


125,252


33,224

Investments in associates


833,203


780,739

Available-for-sale investments


319,097


214,321

Deposit paid for acquisition of land use right


158,645


-

Deferred tax assets


55,697


32,135

Total non-current assets


3,567,792


3,006,082






CURRENT ASSETS





Inventories


5,426,104


5,154,490

Trade and bills receivables


11,932,245


10,787,427

Prepayments, deposits and other receivables


4,321,468


3,527,378

Derivative financial instruments


47,867


92,440

Cash and cash equivalents


4,197,774


4,253,966

Total current assets


25,925,458


23,815,701






CURRENT LIABILITIES





Trade and bills payables


12,038,271


12,315,472

Other payables and accruals


3,251,521


2,728,849

Tax payable


270,071


201,525

Interest-bearing bank borrowings


2,295,100


2,323,895

Bond payable


37,023


-

Total current liabilities


17,891,986


17,569,741






NET CURRENT ASSETS


8,033,472


6,245,960






TOTAL ASSETS LESS CURRENT LIABILITIES


11,601,264


9,252,042






NON-CURRENT LIABILITIES





Interest-bearing bank borrowings


3,102,494


1,692,000

Bond payable


-


36,615

Total non-current liabilities


3,102,494


1,728,615






NET ASSETS


8,498,770


7,523,427






EQUITY





Equity attributable to equity holders of the parent





Issued capital


109,341


109,273

Reserves


7,531,854


6,286,928

    Proposed final dividend


-


424,986



7,641,195


6,821,187

Non-controlling interests


857,575


702,240






TOTAL EQUITY


8,498,770


7,523,427

 

SOURCE Digital China Holdings Limited

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.

@ThingsExpo Stories
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
The 3rd International Internet of @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 - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.