SYS-CON MEDIA Authors: Pat Romanski, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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ServiceNow Reports Financial Results for Second Quarter 2014

ServiceNow® (NYSE:NOW), the enterprise IT cloud company, today announced the financial results for its second quarter of 2014.

Second quarter 2014 results:

  • Revenues of $166.8 million, an increase of 63% compared to the second quarter of 2013, and an increase of 20% from the first quarter of 2014.
  • A GAAP net loss for the quarter of $50.4 million, or a $0.35 loss per basic and diluted share, compared with a GAAP net loss of $21.4 million, or a $0.16 loss per basic and diluted share, in the second quarter of 2013.
  • A non-GAAP net loss for the quarter of $9.8 million, or a $0.07 loss per basic and diluted share, compared with a non-GAAP net loss of $7.8 million, or a $0.06 loss per basic and diluted share, in the second quarter of 2013 (see the table entitled "Results of Operations GAAP to Non-GAAP Reconciliation” for a reconciliation of these GAAP and non-GAAP financial measures).
  • Deferred revenue of $328.9 million, a 7% increase compared to the $308.5 million reported at the end of the prior quarter.
  • Billings of $187.1 million, a 3% increase compared to the $180.8 million reported in the previous quarter and a 59% increase compared to the $117.5 million reported for the same period last year (see the table entitled “Non-GAAP Billings Reconciliation” for a reconciliation of non-GAAP billings to GAAP revenues).

“We continued our momentum in the second quarter, generating greater than expected revenue and adding 169 new customers, bringing our total to 2,364,” said Frank Slootman, president and chief executive officer, ServiceNow. “Our renewal rate remains strong at 98 percent, with upsells representing 33 percent of the total annual contract value booked in the quarter.”

“Our average revenue per customer grew 21 percent in the quarter compared to last year,” added Michael Scarpelli, chief financial officer, ServiceNow. “We also raised our full-year 2014 total revenue guidance by $16 million this quarter, our largest guidance raise ever.”

Financial Outlook

The financial guidance discussed below is on a non-GAAP basis, except for revenues, and excludes stock-based compensation expense, amortization of purchased intangibles, and acquisition related expenses (see table which reconciles these non-GAAP financial measures to the related GAAP measures). We completed the acquisition of Neebula Systems on July 11, 2014 and incorporated the expected revenues and operating expenses associated with the acquisition in our guidance. Negative numbers are shown in parentheses.

For the third quarter of 2014, we expect:

  • Total revenues between $173 and $175 million, representing year-over-year growth between 55% and 57%. Our total third quarter revenue estimate consists of subscription revenues between $147 and $148 million and professional services and other revenues between $26 and $27 million.
  • Billings between $190 and $193 million, representing year-over-year growth between 50% and 52%.
  • Subscription gross margin of approximately 77%, professional services and other gross margin of approximately 8%, and overall gross margin of approximately 66%.
  • Operating margin of approximately 1%.

For the full year 2014, we expect revenues to be in the range of $668 to $673 million, representing year-over-year growth of 58%. Our total annual revenues estimate consists of subscription revenues between $558 and $560 million and professional services and other revenues between $110 and $113 million.

Updates since our last earnings release:

  • In April, ServiceNow hosted Knowledge14™, its annual global IT conference, in San Francisco, with a record-setting more than 6,500 attendees, including more than 100 CIOs from global enterprises. Knowledge is the largest gathering of IT professionals using cloud services to transform service delivery across the enterprise.
  • In June, the company announced the availability of new products and features built on the extensible ServiceNow platform that leverage the common data model shared by the entire ServiceNow application portfolio. The new release offers customers:
    • Enhancements to the Custom Application Creation Experience with Service Creator and Form Designer.
    • New Service Automation Products including Facilities Service Automation that routes requests to the appropriate facilities specialists and displays incidents on floor plan visualizations; as well as Visual Task Boards to better organize services and other tasks.
    • Executive Management and Visualization Tools such as Demand Management to consolidate requests to IT and automate the steps in the investment decision process; in addition to the CIO Roadmap that provides a visualization of prioritized investment decisions on a timeline.
    • New IT Operations Management Applications including Event Management to collect and transform infrastructure events into meaningful alerts that trigger service workflows and Configuration Automation that controls and governs infrastructure configuration changes.
  • In July, ServiceNow announced the acquisition of Neebula Systems. The new ServiceNow ServiceWatch automates the discovery, mapping and monitoring of IT-enabled enterprise services and augments other ServiceNow IT Operations Management products such as Event Management, Orchestration and Discovery. ServiceWatch will become an integral part of the ServiceNow platform.

Conference Call Details

ServiceNow will host a conference call to discuss its financial results for the second quarter of 2014 to begin today at 2 p.m. PDT (21:00 GMT). Interested parties may listen to the call by dialing 877.703.6107 (passcode: 22163419), or if outside North America, by dialing 857.244.7306 (passcode: 22163419). Individuals may access the live teleconference from the investor relations section of the ServiceNow web site at http://investors.servicenow.com. The webcast will be archived for a period of 30 days.

An audio replay of the conference call and webcast will be available two hours after its completion and will be accessible for 30 days. To hear the replay, interested parties may go to the investor relations section of the ServiceNow website or dial 888.286.8010 (passcode: 43860752), or if outside North America, by dialing 617.801.6888 (passcode: 43860752).

Statement regarding use of non-GAAP financial measures

The company reports non-GAAP results for gross margins, operating margins, net income or loss, basic and diluted income or loss per share, free cash flow and billings in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

The company’s financial measures under GAAP include stock-based compensation expense, the amortization of debt discount and issuance costs related to convertible senior notes, amortization of purchased intangibles, and acquisition related expenses and the related income tax effect of these adjustments. Management believes the presentation of operating results that excludes one or more of these items provides useful supplemental information to investors and facilitates the analysis of the company’s core operating results and comparison of operating results across reporting periods. Management also believes that this supplemental non-GAAP information is therefore useful to investors in analyzing and assessing the company’s past and future operating performance.

Free cash flow, which is a non-GAAP financial measure, is calculated as GAAP net cash provided by operating activities reduced by purchases of property and equipment. Management believes information regarding free cash flow provides investors with an important perspective on the cash available to invest in our business and fund ongoing operations. However, our calculation of free cash flow may not be comparable to similar measures used by other companies.

Billings is calculated as revenue plus the change in total deferred revenue. Management believes billings offers investors useful supplemental information regarding the performance of our business, and will help investors better understand the sales volumes and performance of our business.

The company encourages investors to carefully consider its results under GAAP, as well as its supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand its business. Reconciliations between GAAP and non-GAAP results are presented in the tables of this release.

Use of forward-looking statements

This release contains “forward-looking statements” regarding our performance, including in the section entitled “Financial Outlook.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make.

Among the important factors that could cause actual results to differ materially from those in any forward-looking statements are: (i) errors, interruptions, delays, or security breaches in or of our service or web hosting, (ii) our ability to grow at our expected rate of growth, including our ability to convert deferred revenue and backlog into revenue, add and retain customers, and enter new geographies and markets, (iii) our ability to continue to release, and gain customer acceptance of, improved versions of our services, (iv) our ability to develop and gain customer acceptance of new products and services, including our platform, and (v) our ability to compete successfully against existing and new competitors.

Further information on these and other factors that could affect our financial results are included in our Form 10-K for the year ended December 31, 2013 and in other filings we make with the Securities and Exchange Commission from time to time, including our Form 10-Q that will be filed for the quarter ended June 30, 2014.

We undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current financial quarter.

About ServiceNow

ServiceNow is the enterprise IT cloud company. We transform IT by automating and managing IT service relationships across the global enterprise. Organizations deploy our service to create a single system of record for IT and automate manual tasks, standardize processes and consolidate legacy systems. Using our extensible platform, our customers create custom applications and evolve the IT service model to service domains inside and outside the enterprise. ServiceNow transforms IT from the department of no to the department of now. For more information, visit www.servicenow.com.

ServiceNow, Knowledge and the ServiceNow logo are registered trademarks of ServiceNow. All other brand and product names are trademarks or registered trademarks of their respective holders.

ServiceNow, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except share and per share data)
(Unaudited)
       
Three Months Ended Six Months Ended
June 30, 2014 June 30, 2013 June 30, 2014 June 30, 2013
 
Revenues:
Subscription $ 132,724 $ 80,376 $ 250,099 $ 151,934
Professional services and other   34,033     21,846     55,748     36,227  
Total revenues   166,757     102,222     305,847     188,161  
Cost of revenues (1):
Subscription 33,243 20,219 64,432 38,531
Professional services and other   25,695     15,779     47,620     29,775  
Total cost of revenues   58,938     35,998     112,052     68,306  
Gross profit   107,819     66,224     193,795     119,855  
Operating expenses (1):
Sales and marketing 91,937 52,291 161,353 90,517
Research and development 35,439 17,951 66,549 33,990
General and administrative   24,914     15,325     46,545     27,604  
Total operating expenses   152,290     85,567     274,447     152,111  
Loss from operations (44,471 ) (19,343 ) (80,652 ) (32,256 )
Interest and other income (expense), net   (5,231 )   (1,323 )   (11,194 )   (1,204 )
Loss before provision for income taxes (49,702 ) (20,666 ) (91,846 ) (33,460 )
Provision for income taxes   661     739     1,828     1,303  
Net loss $ (50,363 ) $ (21,405 ) $ (93,674 ) $ (34,763 )
Net loss per share - Basic and Diluted $ (0.35 ) $ (0.16 ) $ (0.65 ) $ (0.26 )

Weighted-average shares used to compute net loss per share - Basic and Diluted

  144,456,675     134,454,085     143,267,181     132,298,095  
                 
(1) Includes total stock-based compensation expense for stock-based awards as follows:
 
Three Months Ended Six Months Ended
 
June 30, 2014 June 30, 2013 June 30, 2014 June 30, 2013
Cost of revenues:
Subscription $ 3,825 $ 1,996 $ 6,901 $ 3,790
Professional services and other 3,224 1,065 5,616 1,886
Sales and marketing 12,383 4,822 21,426 8,807
Research and development 10,452 3,715 18,291 6,829
General and administrative 7,720 3,230 14,599 5,562
                                 
 

ServiceNow, Inc.
Condensed Consolidated Balance Sheets
(in thousands)
   
June 30, 2014 December 31, 2013
ASSETS (Unaudited)
Current assets:
Cash and cash equivalents $ 329,275 $ 366,303
Short-term investments 348,205 268,251
Accounts receivable, net 109,246 108,339
Current portion of deferred commissions 34,105 31,123
Prepaid expenses and other current assets   23,828   23,733
Total current assets 844,659 797,749
Deferred commissions, less current portion 22,484 21,318
Long-term investments 279,580 255,356
Property and equipment, net 96,483 75,560
Intangible assets, net 5,290 5,796
Goodwill 8,622 8,724
Other assets   5,125   3,973
Total assets $ 1,262,243 $ 1,168,476
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 22,463 $ 7,405
Accrued expenses and other current liabilities 64,297 68,130
Current portion of deferred revenue   316,287   252,553
Total current liabilities 403,047 328,088
Deferred revenue, less current portion 12,565 14,169
Convertible senior notes, net 429,025 414,777
Other long-term liabilities 19,489 17,183
Stockholders’ equity   398,117   394,259

Total liabilities and stockholders’ equity

$ 1,262,243 $ 1,168,476
 

ServiceNow, Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
       
Three Months Ended Six Months Ended
June 30, 2014 June 30, 2013 June 30, 2014 June 30, 2013
 
Cash flows from operating activities:
Net loss $ (50,363 ) $ (21,405 ) $ (93,674 ) $ (34,763 )
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization 8,692 5,339 16,630 9,703
Amortization of premiums on investments 2,045 1,138 3,859 2,233
Amortization of deferred commissions 12,486 6,631 23,635 11,997
Amortization of debt discount and issuance costs 7,202 14,283
Stock-based compensation 37,604 14,828 66,833 26,874
Tax benefit from employee stock plans 323 (720 ) (617 ) (2,571 )
Other (2,097 ) 332 (1,590 ) 913
Changes in operating assets and liabilities:
Accounts receivable (2,071 ) (12,953 ) (2,098 ) (15,891 )
Deferred commissions (14,734 ) (11,511 ) (27,966 ) (20,780 )
Prepaid expenses and other assets 7,809 1,907 (1,101 ) 5,595
Accounts payable (1,099 ) 1,346 10,976 (125 )
Deferred revenue 21,140 14,845 63,312 40,574
Accrued expenses and other liabilities   15,122     9,959     (6,206 )   1,000  
Net cash provided by operating activities   42,059     9,736     66,276     24,759  
Cash flows from investing activities:
Purchases of property and equipment (16,437 ) (11,820 ) (27,405 ) (22,235 )
Purchases of investments (106,456 ) (128,817 ) (241,312 ) (184,763 )
Sale of investments 43,365 43,298 68,893 43,298
Maturities of investments 22,500 52,101 67,168 107,451
Restricted cash       (163 )   (55 )   (163 )
Net cash used in investing activities   (57,028 )   (45,401 )   (132,711 )   (56,412 )
Cash flows from financing activities:
Offering costs paid in connection with follow-on offering (698 )
Proceeds from employee stock plans 6,597 10,362 28,811 31,830
Tax benefit from employee stock plans   (323 )   720     617     2,571  
Net cash provided by financing activities   6,274     11,082     29,428     33,703  
Foreign currency effect on cash and cash equivalents   50     34     (21 )   (806 )

Net increase/(decrease) in cash and cash equivalents

(8,645 ) (24,549 ) (37,028 ) 1,244
Cash and cash equivalents at beginning of period   337,920     144,782     366,303     118,989  
Cash and cash equivalents at end of period $ 329,275   $ 120,233   $ 329,275   $ 120,233  
 
Calculation of free cash flows (a non-GAAP measure):
Net cash provided by operating activities $ 42,059 $ 9,736 $ 66,276 $ 24,759
Purchases of property and equipment   (16,437 )   (11,820 )   (27,405 )   (22,235 )
Free cash flows $ 25,622   $ (2,084 ) $ 38,871   $ 2,524  
 

ServiceNow, Inc.
Results of Operations GAAP to Non-GAAP Reconciliation
(in thousands except share and per share data)
(Unaudited)
           
Three Months Ended
June 30, 2014 June 30, 2013
GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP
Reconciliation of gross profit:
Revenues:
Subscription $ 132,724 $ $ 132,724 $ 80,376 $ $ 80,376
Professional services and other   34,033         34,033     21,846         21,846  
Total revenues   166,757         166,757     102,222         102,222  
Cost of revenues (1):
Subscription 33,243 (3,825 ) 29,418 20,219 (1,996 ) 18,223
Professional services and other   25,695     (3,224 )   22,471     15,779     (1,065 )   14,714  
Total cost of revenues   58,938     (7,049 )   51,889     35,998     (3,061 )   32,937  
Gross profit:
Subscription 99,481 3,825 103,306 60,157 1,996 62,153
Professional services and other   8,338     3,224     11,562     6,067     1,065     7,132  
Total gross profit $ 107,819   $ 7,049   $ 114,868   $ 66,224   $ 3,061   $ 69,285  
 
Reconciliation of operating expenses:
Operating expenses (1) (2):
Sales and marketing $ 91,937 $ (12,384 ) $ 79,553 $ 52,291 $ (4,822 ) $ 47,469
Research and development 35,439 (10,473 ) 24,966 17,951 (3,715 ) 14,236
General and administrative   24,914     (8,421 )   16,493     15,325     (3,230 )   12,095  
Total operating expenses $ 152,290   $ (31,278 ) $ 121,012   $ 85,567   $ (11,767 ) $ 73,800  
 
Reconciliation of loss from operations, interest and other income (expense), net, provision for income taxes, net loss, and net loss per share:
Loss from operations $ (44,471 ) $ 38,327 $ (6,144 ) $ (19,343 ) $ 14,828 $ (4,515 )
Interest and other income (expense), net (3)   (5,231 )   7,202     1,971     (1,323 )       (1,323 )
Loss before provision for income taxes $ (49,702 ) $ 45,529 $ (4,173 ) $ (20,666 ) $ 14,828 $ (5,838 )
Provision for income taxes (4)   661     5,005     5,666     739     1,253     1,992  
Net loss $ (50,363 ) $ 40,524   $ (9,839 ) $ (21,405 ) $ 13,575   $ (7,830 )
Net loss per share - Basic and Diluted $ (0.35 ) $ 0.28   $ (0.07 ) $ (0.16 ) $ 0.10   $ (0.06 )

Weighted-average shares used to compute net loss per share - Basic and Diluted

  144,456,675         144,456,675     134,454,085         134,454,085  
                         
(1) Adjustments include stock-based compensation.
(2) Adjustments include acquisition related expense of $1, $21 and $701 recorded to sales and marketing, research and development and general and administrative expense respectively in the three months ended June 30, 2014.
(3) Adjustments include amortization of debt discount and issuance costs for the convertible senior notes.
(4) Adjustments include income tax effects related to expense noted in (1), (2) and (3) above.
 

ServiceNow, Inc.
Results of Operations GAAP to Non-GAAP Reconciliation
(in thousands except share and per share data)
(Unaudited)
           
Six Months Ended
June 30, 2014 June 30, 2013
GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP
Reconciliation of gross profit:
Revenues:
Subscription $ 250,099 $ $ 250,099 $ 151,934 $ $ 151,934
Professional services and other   55,748         55,748     36,227         36,227  
Total revenues   305,847         305,847     188,161         188,161  
Cost of revenues (1):
Subscription 64,432 (6,901 ) 57,531 38,531 (3,790 ) 34,741
Professional services and other   47,620     (5,616 )   42,004     29,775     (1,886 )   27,889  
Total cost of revenues   112,052     (12,517 )   99,535     68,306     (5,676 )   62,630  
Gross profit:
Subscription 185,667 6,901 192,568 113,403 3,790 117,193
Professional services and other   8,128     5,616     13,744     6,452     1,886     8,338  
Total gross profit $ 193,795   $ 12,517   $ 206,312   $ 119,855   $ 5,676   $ 125,531  
 
Reconciliation of operating expenses:
Operating expenses (1) (2):
Sales and marketing $ 161,353 $ (21,427 ) $ 139,926 $ 90,517 $ (8,807 ) $ 81,710
Research and development 66,549 (18,312 ) 48,237 33,990 (6,829 ) 27,161
General and administrative   46,545     (15,300 )   31,245     27,604     (5,562 )   22,042  
Total operating expenses $ 274,447   $ (55,039 ) $ 219,408   $ 152,111   $ (21,198 ) $ 130,913  
 
Reconciliation of loss from operations, interest and other income (expense), net, provision for income taxes, net loss, and net loss per share:
Loss from operations $ (80,652 ) $ 67,556 $ (13,096 ) $ (32,256 ) $ 26,874 $ (5,382 )
Interest and other income (expense), net (3)   (11,194 )   14,283     3,089     (1,204 )       (1,204 )
Loss before provision for income taxes $ (91,846 ) $ 81,839 $ (10,007 ) $ (33,460 ) $ 26,874 $ (6,586 )
Provision for income taxes (4)   1,828     9,685     11,513     1,303     1,792     3,095  
Net loss $ (93,674 ) $ 72,154   $ (21,520 ) $ (34,763 ) $ 25,082   $ (9,681 )
Net loss per share - Basic and Diluted $ (0.65 ) $ 0.50   $ (0.15 ) $ (0.26 ) $ 0.19   $ (0.07 )

Weighted-average shares used to compute net loss per share - Basic and Diluted

  143,267,181         143,267,181     132,298,095         132,298,095  
                         
(1) Adjustments include stock-based compensation.
(2) Adjustments include acquisition related expense of $1, $21 and $701 recorded to sales and marketing, research and development and general and administrative expense respectively in the six months ended June 30, 2014.
(3) Adjustments include amortization of debt discount and issuance costs for the convertible senior notes.
(4) Adjustments include income tax effects related to expense noted in (1), (2) and (3) above.
 

ServiceNow, Inc.
Non-GAAP Billings Reconciliation
(in thousands)
(Unaudited)
     
Three Months Ended
June 30, March 31, June 30,
2014 2014 2013
Total revenues $ 166,757 $ 139,090 $ 102,222
Deferred revenue, end of period 328,852 308,472 210,040
Less: deferred revenue, beginning of period   308,472   266,722   194,765
Billings $ 187,137 $ 180,840 $ 117,497
 

ServiceNow, Inc.
Reconciliation of Non-GAAP Financial Guidance
 
The financial guidance provided below is an estimate based on information available as of July 30, 2014. The company’s future performance and financial results are subject to risks and uncertainties, and actual results could differ materially from the guidance set forth below. Some of the factors that could affect the company’s financial results are stated above in this press release. More information on potential factors that could affect the company’s financial results is included from time to time in the company’s public reports filed with the SEC, including the company's Annual Report on Form 10-K filed on February 28, 2014 and the company's Form 10-Q for the quarter ended June 30, 2014 to be filed with the SEC. The company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Three Months Ended
September 30, 2014
 

Non-GAAP billings

$190 - $193 million

 

Deferred revenue, beginning of period 329 million
 
Less: deferred revenue, end of period 346 - 347 million
 

GAAP revenue

$173 - $175 million

 
Non-GAAP subscription gross margin 77%
 
Stock-based compensation expense (3%)
 
Amortization of acquired intangible assets (1%)
 
GAAP subscription gross margin 73%
 
Non-GAAP professional services and other gross margin 8%
 
Stock-based compensation expense (13%)
 
GAAP professional services and other gross margin (5%)
 
Non-GAAP total gross margin 66%
 
Stock-based compensation expense (5%)
 
GAAP total gross margin 61%
 
Non-GAAP operating margin 1%
 
Stock-based compensation expense (23%)
 
Amortization of acquired intangible assets (1%)
 
GAAP operating margin (23%)

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SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, 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. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
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...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
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...
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.