Click here to close now.

SYS-CON MEDIA Authors: AppDynamics Blog, Roger Strukhoff, Pat Romanski, Elizabeth White, Liz McMillan

News Feed Item

Cadence Reports First Quarter 2014 Financial Results

SAN JOSE, Calif., April 21, 2014 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the first quarter of fiscal year 2014.

Cadence Logo

Cadence reported first quarter 2014 revenue of $379 million, compared to revenue of $354 million reported for the same period in 2013.  On a GAAP basis, Cadence recognized net income of $33 million, or $0.11 per share on a diluted basis, in the first quarter of 2014, compared to net income of $79 million, or $0.27 per share on a diluted basis, in the same period in 2013.  GAAP net income for the first quarter of 2013 included a $34 million income tax benefit due to a release of an uncertain tax position.

Using the non-GAAP measure defined below, net income in the first quarter of 2014 was $59 million, or $0.20 per share on a diluted basis, as compared to net income of $61 million, or $0.21 per share on a diluted basis, in the same period in 2013.

"In Q1, Cadence continued to strengthen its product portfolio through internally developed products and key acquisitions," said Lip-Bu Tan, president and chief executive officer.  "We advanced our functional verification platform by releasing our new Incisive® vManagerTM solution and acquiring Forte Design Systems.  And today, we announced that we entered into a definitive agreement to acquire Jasper Design Automation, Inc., which will meaningfully add to our verification capabilities.  We also continued to see strong customer interest and growing adoption of our digital and new sign-off products with multiple design wins."

"Cadence produced solid operating results in Q1 while continuing to invest strategically to further our growth objectives," added Geoff Ribar, senior vice president and chief financial officer.

Business Outlook

For the second quarter of 2014, the company expects total revenue in the range of $370 million to $380 million.  Second quarter GAAP net income per diluted share is expected to be in the range of $0.10 to $0.12.  Net income per diluted share using the non-GAAP measure defined below is expected to be in the range of $0.19 to $0.21.

For 2014, the company expects total revenue in the range of $1.550 billion to $1.590 billion.  On a GAAP basis, net income per diluted share for 2014 is expected to be in the range of $0.56 to $0.66.  Using the non-GAAP measure defined below, net income per diluted share for 2014 is expected to be in the range of $0.92 to $1.02.

The foregoing statements regarding the company's business outlook do not take into account the pending acquisition of Jasper Design Automation, Inc.

A schedule showing a reconciliation of the business outlook from GAAP net income and diluted net income per share to non-GAAP net income and diluted net income per share is also included with this release.

Audio Webcast Scheduled

Lip-Bu Tan, president and chief executive officer, and Geoff Ribar, senior vice president and chief financial officer, will host a first quarter 2014 financial results audio webcast today, April 21, 2014, at 2 p.m. (Pacific) / 5 p.m. (Eastern).  Attendees are asked to register at the website at least 10 minutes prior to the scheduled webcast.  An archive of the webcast will be available starting April 21, 2014 at 5 p.m. (Pacific) and ending June 13, 2014 at 5 p.m. (Pacific).  Webcast access is available at www.cadence.com/company/investor_relations.

About Cadence

Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics.  Customers use Cadence® software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems.  The company is headquartered in San Jose, California, with sales offices, design centers, and research facilities around the world to serve the global electronics industry.  More information about the company and its products and services is available at www.cadence.com.

Cadence, the Cadence logo, Forte, Incisive and vManager are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

The statements contained above regarding Cadence's first quarter 2014 financial results and Cadence's expected benefits of the pending acquisition of Jasper Design Automation, Inc., as well as the information in the Business Outlook section and the statements by Lip-Bu Tan and Geoff Ribar, are or include forward-looking statements based on current expectations or beliefs and preliminary assumptions about future events that are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.  These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence's control, including, among others: (i) Cadence's ability to compete successfully in the electronic design automation product and the commercial electronic design and methodology services industries; (ii) the success of Cadence's efforts to improve operational efficiency and growth; (iii) the mix of products and services sold and the timing of significant orders for Cadence's products; (iv) change in customer demands, including those resulting from consolidation among Cadence's customers and the possibility that the restructurings and other efforts to improve operational efficiency of Cadence's customers could result in delays in purchases of Cadence's products and services; (v) economic and industry conditions in regions in which Cadence does business; (vi) fluctuations in rates of exchange between the U.S. dollar and the currencies of other countries in which Cadence does business; (vii) capital expenditure requirements, legislative or regulatory requirements, interest rates and Cadence's ability to access capital and debt markets; (viii) failure or inability to consummate the acquisition of Jasper, the effects of the acquisition of Jasper on Cadence's financial results, the effect of regulatory approval requirements, the potential inability to successfully operate or integrate Jasper's business, including the potential inability to retain customers, key employees or vendors; (ix) the acquisition of other companies or technologies or the failure to successfully integrate and operate these companies or technologies Cadence acquires, including the potential inability to retain customers, key employees or vendors; (x) the effects of Cadence's efforts to improve operational efficiency on Cadence's business, including strategic, customer and supplier relationships, and its ability to retain key employees; (xi) events that affect the reserves or settlement assumptions Cadence may take from time to time with respect to accounts receivable, taxes, litigation or other matters; and (xii) the effects of any litigation or other proceedings to which Cadence is or may become a party.

For a detailed discussion of these and other cautionary statements related to Cadence's business, please refer to Cadence's filings with the Securities and Exchange Commission.  These include Cadence's most recent reports on Form 10-K and Form 10-Q, including Cadence's future filings.

GAAP to Non-GAAP Reconciliation

To supplement Cadence's financial results presented on a generally accepted accounting principles, or GAAP, basis, Cadence management uses non-GAAP measures that it believes are helpful in understanding Cadence's performance.  One such measure is non-GAAP net income, which is a financial measure not calculated under GAAP, and is calculated by taking GAAP net income and excluding, as applicable, amortization and sale of intangible assets and debt discount related to our convertible notes, stock-based compensation expense, acquisition and integration-related costs including changes in fair value of contingent consideration and retention expenses for employees added from our 2013 and 2014 acquisitions, executive severance costs, investment gains or losses, income or expenses related to Cadence's non-qualified deferred compensation plan, restructuring and other significant items not directly related to Cadence's core business operations, and the income tax effect of non-GAAP pre-tax adjustments.

Cadence's management uses non-GAAP net income because it excludes items that are generally not directly related to the performance of the company's core business operations and therefore provides useful supplemental information to Cadence's management and investors regarding the performance of the company's business operations, facilitates comparisons to the company's historical operating results and enhances investors' ability to review Cadence's business from the same perspective as Cadence's management.  Cadence's management also uses non-GAAP net income internally for forecasting and budgeting. Non-GAAP financial measures should not be considered as a substitute for or superior to measures of financial performance prepared in accordance with GAAP.  Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures contained within this press release with their most directly comparable GAAP financial results.  Investors are encouraged to look at the GAAP results as the best measure of financial performance.

The following tables reconcile the specific items excluded from GAAP net income and GAAP net income per diluted share in the calculation of non-GAAP net income and non-GAAP net income per diluted share for the periods shown below:

Net Income Reconciliation


Three Months Ended



March 29, 2014


March 30, 2013



(unaudited)

(in thousands)





Net income on a GAAP basis


$

33,070


$

78,609

Amortization of acquired intangibles


12,786


7,598

Stock-based compensation expense


18,864


13,810

Non-qualified deferred compensation expenses


2,063


152

Restructuring and other charges (credits)


396


(148)

Integration and acquisition-related costs


7,118


4,935

Amortization of debt discount


4,209


5,536

Other income or expense related to investments and non-qualified deferred compensation plan assets*


(3,609)


(990)

Income tax benefit due to a release of an uncertain tax position



(33,719)

Income tax effect of non-GAAP adjustments


(15,510)


(15,146)

Net income on a non-GAAP basis


$

59,387


$

60,637





*

Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense.

 

Diluted Net Income per Share Reconciliation


Three Months Ended



March 29, 2014


March 30, 2013



(unaudited)

(in thousands, except per share data)





Diluted net income per share on a GAAP basis


$

0.11


$

0.27

Amortization of acquired intangibles


0.04


0.03

Stock-based compensation expense


0.06


0.05

Non-qualified deferred compensation expenses


0.01


Restructuring and other charges (credits)



Integration and acquisition-related costs


0.02


0.02

Amortization of debt discount


0.02


0.02

Other income or expense related to investments and non-qualified deferred compensation plan assets*


(0.01)


(0.01)

Income tax benefit due to a release of an uncertain tax position



(0.12)

Income tax effect of non-GAAP adjustments


(0.05)


(0.05)

Diluted net income per share on a non-GAAP basis


$

0.20


$

0.21

Shares used in calculation of diluted net income per share — GAAP**


301,034


292,151

Shares used in calculation of diluted net income per share — non-GAAP**


301,034


292,151





*

Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense.



**

Shares used in the calculation of GAAP net income per share are expected to be the same as shares used in the calculation of non-GAAP net income per share, except when the company reports a GAAP net loss and non-GAAP net income, or GAAP net income and a non-GAAP net loss.

Cadence expects that its corporate representatives will meet privately during the quarter with investors, the media, investment analysts and others.  At these meetings, Cadence may reiterate the business outlook published in this press release.  At the same time, Cadence will keep this press release, including the business outlook, publicly available on its website.

Prior to the start of the Quiet Period (described below), the public may continue to rely on the business outlook contained herein as still being Cadence's current expectations on matters covered unless Cadence publishes a notice stating otherwise.

Beginning June 13, 2014, Cadence will observe a Quiet Period during which the business outlook as provided in this press release and the company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q no longer constitute the company's current expectations.  During the Quiet Period, the business outlook in these documents should be considered to be historical, speaking as of prior to the Quiet Period only and not subject to any update by the company.  During the Quiet Period, Cadence's representatives will not comment on Cadence's business outlook, financial results or expectations.  The Quiet Period will extend until the day when Cadence's second quarter 2014 earnings release is published, which is currently scheduled for July 21, 2014.

For more information, please contact:

Investors and Shareholders
Alan Lindstrom
Cadence Design Systems, Inc.
408-944-7100
[email protected]

Media and Industry Analysts
Anna del Rosario
Cadence Design Systems, Inc.
408-914-6884
[email protected]

 

 


Cadence Design Systems, Inc.

Condensed Consolidated Balance Sheets

March 29, 2014 and December 28, 2013

(In thousands)

(Unaudited)








March 29, 2014


December 28, 2013






Current assets:






Cash and cash equivalents


$             532,761


$                   536,260


Short-term investments


97,006


96,788


Receivables, net


106,322


107,624


Inventories


55,605


50,220


2015 notes hedges


369,731


306,817


Prepaid expenses and other


136,300


123,382



Total current assets


1,297,725


1,221,091






Property, plant and equipment, net of accumulated






depreciation of $576,562 and $568,494, respectively


239,425


238,715

Goodwill


478,990


456,905

Acquired intangibles, net of accumulated amortization of 






$107,521 and $139,820, respectively


316,498


311,693

Long-term receivables


6,193


3,672

Other assets


185,389


196,525

Total assets


$          2,524,220


$                2,428,601






Current liabilities:






Convertible notes


$             329,058


$                   324,826


2015 notes embedded conversion derivative


369,731


306,817


Accounts payable and accrued liabilities


189,200


216,594


Current portion of deferred revenue


304,705


299,973



Total current liabilities


1,192,694


1,148,210






Long-term liabilities:






Long-term portion of deferred revenue


48,299


52,850


Other long-term liabilities


69,025


71,436



Total long-term liabilities


117,324


124,286






Stockholders' equity


1,214,202


1,156,105

Total liabilities and stockholders' equity


$          2,524,220


$                2,428,601

 

 


Cadence Design Systems, Inc.

Condensed Consolidated Income Statements

For the Three Months Ended March 29, 2014 and March 30, 2013

(In thousands, except per share amounts)

(Unaudited)



















Three Months Ended






March 29,
2014


March 30,
2013









Revenue:






Product and maintenance


$         357,350


$         328,271


Services


21,200


25,995











Total revenue


378,550


354,266









Costs and expenses:






Cost of product and maintenance


42,197


29,847


Cost of services


14,902


18,344


Marketing and sales


98,323


90,402


Research and development


146,466


124,084


General and administrative


28,744


29,810


Amortization of acquired intangibles


5,210


3,791


Restructuring and other charges (credits)


396


(148)











Total costs and expenses


336,238


296,130












Income from operations


42,312


58,136










Interest expense


(7,268)


(9,262)


Other income, net


3,382


2,175












Income before provision (benefit) for income taxes


38,426


51,049










Provision (benefit) for income taxes


5,356


(27,560)












Net income 


$           33,070


$           78,609

















Net income per share - basic


$               0.12


$               0.29









Net income per share - diluted


$               0.11


$               0.27









Weighted average common shares outstanding - basic


281,615


274,936









Weighted average common shares outstanding - diluted


301,034


292,151

 

Cadence Design Systems, Inc. 

Condensed Consolidated Statements of Cash Flows

For the Three Months Ended March 29, 2014 and March 30, 2013

(In thousands)

(Unaudited)









Three Months Ended



March 29,


March 30,



2014


2013






Cash and cash equivalents at beginning of period


$  536,260


$  726,357

Cash flows from operating activities:





   Net income


33,070


78,609

   Adjustments to reconcile net income to net cash provided by operating activities:





      Depreciation and amortization


26,017


21,682

      Amortization of debt discount and fees


4,882


6,281

      Stock-based compensation


18,864


13,810

      Gain on investments, net


(3,651)


(1,006)

      Deferred income taxes


2,245


8,695

      Other non-cash items


2,344


(1,007)

      Changes in operating assets and liabilities, net of effect of acquired businesses:





         Receivables


(108)


23,652

         Inventories


(9,373)


(979)

         Prepaid expenses and other


(9,753)


(1,099)

         Other assets


3,157


4,148

         Accounts payable and accrued liabilities


(29,680)


(11,003)

         Deferred revenue


(5,508)


(16,648)

         Other long-term liabilities


(4,408)


(49,799)

            Net cash provided by operating activities


28,098


75,336






Cash flows from investing activities:





  Purchases of available-for-sale securities


(47,005)


(24,282)

  Proceeds from the sale of available-for-sale securities


32,586


14,985

  Proceeds from the maturity of available-for-sale securities


13,905


8,700

  Proceeds from the sale of long-term investments


-


6,102

  Purchases of property, plant and equipment


(6,252)


(6,569)

  Cash paid in business combinations and asset acquisitions, net of cash acquired


(27,422)


(757)

           Net cash used for investing activities


(34,188)


(1,821)






Cash flows from financing activities:





  Principal payments on receivable financing


-


(2,526)

  Payment of acquisition-related contingent consideration


(1,835)


(582)

  Tax effect related to employee stock transactions allocated to equity


1,827


5,276

  Proceeds from issuance of common stock 


23,377


21,801

  Stock received for payment of employee taxes on vesting of restricted stock


(10,981)


(8,775)

  Payments for repurchases of common stock


(12,517)


-

           Net cash provided by (used for) financing activities


(129)


15,194






Effect of exchange rate changes on cash and cash equivalents


2,720


(4,914)






Increase (decrease) in cash and cash equivalents 


(3,499)


83,795






Cash and cash equivalents at end of period


$  532,761


$  810,152

 

Cadence Design Systems, Inc.

As of April 21, 2014

Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share

(Unaudited)













Three Months Ending


Year Ending



June 28, 2014


January 3, 2015



Forecast


Forecast






Diluted net income per share on a GAAP basis

 $0.10 to $0.12 


 $0.56 to $0.66 







Amortization of acquired intangibles

0.04


0.17


Stock-based compensation expense

0.06


0.27


Non-qualified deferred compensation expenses

-


0.01


Integration and acquisition-related costs

0.02


0.06


Amortization of debt discount

0.01


0.06


Other income or expense related to investments and non-qualified 





    deferred compensation plan assets*

-


(0.01)


Income tax effect of non-GAAP adjustments

(0.04)


(0.20)






Diluted net income per share on a non-GAAP basis

 $0.19 to $0.21 


 $0.92 to $1.02 



 * Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of  investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. 

 

 

Cadence Design Systems, Inc.

As of April 21, 2014

Impact of Non-GAAP Adjustments on Forward Looking Net Income 

(Unaudited)













Three Months Ending


Year Ending



June 28, 2014


January 3, 2015

($ in millions)

Forecast


Forecast






Net income on a GAAP basis

 $30 to $36 


 $172 to $202 







Amortization of acquired intangibles

13


52


Stock-based compensation expense

19


83


Non-qualified deferred compensation expenses

-


2


Integration and acquisition-related costs

5


18


Amortization of debt discount

4


18


Other income or expense related to investments and non-qualified 





    deferred compensation plan assets*

-


(4)


Income tax effect of non-GAAP adjustments

(14)


(62)






Net income on a non-GAAP basis

 $57 to $63 


 $279 to $309 


 * Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of  investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. 

 

Cadence Design Systems, Inc.

(Unaudited)



















Revenue Mix by Geography (% of Total Revenue)


















2013


2014

GEOGRAPHY


 Q1 

 Q2 

 Q3 

 Q4 

 Year 


 Q1 










 Americas 


44%

45%

48%

47%

46%


45%

 Europe, Middle East and Africa 


22%

21%

20%

20%

21%


20%

 Japan 


15%

13%

12%

14%

13%


12%

 Asia 


19%

21%

20%

19%

20%


23%

Total


100%

100%

100%

100%

100%


100%




























Revenue Mix by Product Group (% of Total Revenue)












2013


2014

PRODUCT GROUP


 Q1 

 Q2 

 Q3 

 Q4 

 Year 


 Q1 










 Functional Verification, including Emulation Hardware 


22%

22%

24%

25%

23%


23%

 Digital IC Design and Signoff 


33%

31%

29%

29%

30%


30%

 Custom IC Design 


28%

28%

28%

26%

27%


27%

 System Interconnect and Analysis 


10%

11%

10%

10%

11%


10%

 IP 


7%

8%

9%

10%

9%


10%

Total


100%

100%

100%

100%

100%


100%

 

 




Cadence Design Systems, Inc.

Supplemental Reconciliation of Certain GAAP to Non-GAAP Measures

For the Three Months Ended March 29, 2014

(In thousands)

(Unaudited)























Three Months Ended






March 29, 2014






GAAP


Adjustments


Non-GAAP











Revenue:









Product and maintenance


$            357,350


$                     -


$                357,350


Services


21,200


-


21,200













Total revenue


378,550


-


378,550











Costs and expenses:








Cost of product and maintenance


42,197


(8,082)

 (A) 

34,115


Cost of services


14,902


(739)

 (A) 

14,163


Marketing and sales


98,323


(5,695)

 (A) 

92,628


Research and development


146,466


(15,751)

 (A) 

130,715


General and administrative


28,744


(5,354)

 (A) 

23,390


Amortization of acquired intangibles


5,210


(5,210)

 (A) 

-


Restructuring and other charges 


396


(396)


-













Total costs and expenses


336,238


(41,227)


295,011














Income from operations


42,312


41,227


83,539












Interest expense


(7,268)


4,209

 (B) 

(3,059)


Other income (expense), net


3,382


(3,609)

(C)

(227)














Income before provision for income taxes


38,426


41,827


80,253












Provision for income taxes


5,356


15,510

(D)

20,866














Net income 


$              33,070


$             26,317


$                  59,387











Notes: 

(A) For the three months ended March 29, 2014 adjustments to GAAP are as follows for the line items specified:




Amortization of

 acquired

intangibles

Stock-based

compensation

expense


Non-qualified

deferred

compensation

expenses


Integration and

 acquisition-

related costs


Total

adjustments

Cost of product and maintenance


$                         7,576

$                   482


$                    24


$                          -


$                   8,082

Cost of services


-

703


36


-


739

Marketing and sales


-

4,596


111


988


5,695

Research and development


-

9,667


1,123


4,961


15,751

General and administrative


-

3,416


769


1,169


5,354

Amortization of acquired intangibles


5,210

-


-


-


5,210


Total


$                       12,786

$              18,864


$               2,063


$                    7,118


$                 40,831









(B) Amortization of debt discount related to convertible notes

(C) Other income or expense related to investments and non-qualified deferred compensation plan assets

(D) Income tax effect of non-GAAP adjustments 

 

 



Cadence Design Systems, Inc.

Supplemental Reconciliation of Certain GAAP to Non-GAAP Measures

For the Three Months Ended March 30, 2013

(In thousands)

(Unaudited)




Three Months Ended






March 30, 2013






GAAP


Adjustments


Non-GAAP











Revenue:









Product and maintenance


$            328,271


$                     -


$                328,271


Services


25,995


-


25,995













Total revenue


354,266


-


354,266











Costs and expenses:








Cost of product and maintenance


29,847


(4,175)

 (E) 

25,672


Cost of services


18,344


(530)

 (E) 

17,814


Marketing and sales


90,402


(3,104)

 (E) 

87,298


Research and development


124,084


(7,928)

 (E) 

116,156


General and administrative


29,810


(6,967)

 (E) 

22,843


Amortization of acquired intangibles


3,791


(3,791)

 (E) 

-


Restructuring and other charges (credits) 


(148)


148


-













Total costs and expenses


296,130


(26,347)


269,783














Income from operations


58,136


26,347


84,483












Interest expense


(9,262)


5,536

(F)

(3,726)


Other income, net


2,175


(990)

(G)

1,185














Income before provision (benefit) for income taxes


51,049


30,893


81,942












Provision (benefit) for income taxes


(27,560)


48,865

(H)

21,305














Net income 


$              78,609


$            (17,972)


$                  60,637


Notes: 

(E) For the three months ended March 30, 2013 adjustments to GAAP are as follows for the line items specified:




Amortization of

acquired

 intangibles

Stock-based

compensation

expense


Non-qualified

deferred

compensation

expenses


Integration and

acquisition-

related costs


Total

adjustments

Cost of product and maintenance


$                         3,807

$                   364


$                      4


$                          -


$                   4,175

Cost of services


-

525


5


-


530

Marketing and sales


-

3,018


22


64


3,104

Research and development


-

6,553


78


1,297


7,928

General and administrative


-

3,350


43


3,574


6,967

Amortization of acquired intangibles


3,791

-


-


-


3,791


Total


$                         7,598

$              13,810


$                  152


$                    4,935


$                 26,495


(F) Amortization of debt discount related to convertible notes

(G) Other income or expense related to investments and non-qualified deferred compensation plan assets

(H) Income tax benefit due to a release of an uncertain tax position $33,719 and income tax effect of non-GAAP adjustments $15,146

Logo - http://photos.prnewswire.com/prnh/20140102/SF39436LOGO

SOURCE Cadence Design Systems, Inc.

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.

Latest Stories
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...
Actifio, the copy data virtualization company, today announced a series of new features and functional enhancements to better support the growing number of customers leveraging its virtual data pipeline technology in support of DevOps use cases. While infrastructure is increasingly seen as a commodity inside large enterprises, applications – where the technology touches the business – are becoming more strategic. Managing the flow of data that powers those applications presents a range of cha...
Cloud services are the newest tool in the arsenal of IT products in the market today. These cloud services integrate process and tools. In order to use these products effectively, organizations must have a good understanding of themselves and their business requirements. In his session at 15th Cloud Expo, Brian Lewis, Principal Architect at Verizon Cloud, outlined key areas of organizational focus, and how to formalize an actionable plan when migrating applications and internal services to the ...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps 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 bu...
Most companies hope for rapid growth so it's important to invest in scalable core technologies that won't demand a complete overhaul when a business goes through a growth spurt. Cloud technology enables previously difficult-to-scale solutions like phone, network infrastructure or billing systems to automatically scale based on demand. For example, with a virtual PBX service, a single-user cloud phone service can easily transition into an advanced VoIP system that supports hundreds of phones and ...
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...
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. 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 developmen...
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 explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @Things...
“Oh, dev is dev and ops is ops, and never the twain shall meet.” With apoloies to Rudyard Kipling and all of his fans, this describes the early state of the two sides of DevOps. Yet the DevOps approach is demanded by cloud computing, as the speed, flexibility, and scalability in today's so-called “Third Platform” must not be hindered by the traditional limitations of software development and deployment. A recent report by Gartner, for example, says that 25% of Global 2000 companies will b...
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...
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...
JFrog on Thursday announced that it has added Docker support to Bintray, its distribution-as-a-service (DaaS) platform. When combined with JFrog’s Artifactory binary repository management system, organizations can now manage Docker images with an end-to-end solution that supports all technologies. The new version of Bintray allows organizations to create an unlimited number of private Docker repositories, and through the use of fast Akamai content delivery networks (CDNs), it decreases the dow...
More organizations are embracing DevOps to realize compelling business benefits such as more frequent feature releases, increased application stability, and more productive resource utilization. However, security and compliance monitoring tools have not kept up and often represent the single largest remaining hurdle to continuous delivery. In their session at DevOps Summit, Justin Criswell, Senior Sales Engineer at Alert Logic, Ricardo Lupo, a Solution Architect with Chef, will discuss how to ...