Click here to close now.

Welcome!

Eclipse Authors: XebiaLabs Blog, Ken Fogel, Sematext Blog, Marcin Warpechowski, Trevor Parsons

News Feed Item

QLogic Reports Fourth Quarter and Fiscal Year 2014 Results

QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced its financial results for the fourth quarter and fiscal year ended March 30, 2014.

Net revenue for the fourth quarter of fiscal 2014 was $115.7 million, compared to $116.9 million in the same quarter last year, and included approximately $1 million of revenue associated with the NetXtreme II Ethernet business that was acquired from Broadcom Corporation in March 2014. Revenue from Advanced Connectivity Platforms increased to $101.1 million in the fourth quarter of fiscal 2014 from $97.0 million in the same quarter last year. Revenue from Legacy Connectivity Products was $14.6 million during the fourth quarter of fiscal 2014 compared to $19.9 million in the same quarter last year.

“I am very pleased with our execution and financial performance during the fourth quarter. We delivered net revenue above the midpoint of our guidance range. In addition, we achieved non-GAAP income from continuing operations per diluted share at the high end of our guidance range,” said Prasad Rampalli, president and chief executive officer, QLogic. “The acquisition of the NetXtreme II Ethernet business from Broadcom is both strategic and financially compelling, and positions QLogic for expanded market opportunities. We expect total revenue to grow between 10% and 12% during fiscal 2015.”

Loss from continuing operations on a GAAP basis for the fourth quarter of fiscal 2014 was $46.8 million, or $0.54 per diluted share, compared to income from continuing operations of $29.6 million, or $0.33 per diluted share, for the fourth quarter of fiscal 2013. Loss from continuing operations on a GAAP basis for the fourth quarter of fiscal 2014 included $56.5 million of special charges and $14.7 million of incremental tax charges. The special charges are comprised of $15.5 million related to restructuring activities and $41.0 million for the portion of a license payment attributed by the company to the use of the related technology in a period prior to the date of the previously announced patent license agreement. The incremental tax charges consisted of valuation allowances related to deferred tax assets for state tax credits and net operating loss carryforwards. Income from continuing operations on a non-GAAP basis for the fourth quarter of fiscal 2014 increased to $20.8 million, or $0.24 per diluted share, from $15.6 million, or $0.17 per diluted share, for the fourth quarter of fiscal 2013.

Net revenue for fiscal 2014 was $460.9 million compared to $484.5 million in fiscal 2013. Loss from continuing operations on a GAAP basis for fiscal 2014 was $18.3 million, or $0.21 per diluted share, compared to income from continuing operations of $73.6 million, or $0.78 per diluted share in fiscal 2013. Income from continuing operations on a non-GAAP basis for fiscal 2014 increased to $82.8 million, or $0.94 per diluted share, from $76.1 million, or $0.81 per diluted share in fiscal 2013.

QLogic uses certain non-GAAP financial measures to supplement financial statements based on GAAP. A summary of these non-GAAP financial measures and a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure, as well as a description of the reasons that management believes that these non-GAAP financial measures provide useful information to investors and the additional purposes for which management uses these non-GAAP financial measures, is presented in the accompanying financial schedules.

QLogic’s fourth quarter fiscal 2014 conference call is scheduled for today at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Prasad Rampalli, president and chief executive officer, and Jean Hu, senior vice president and chief financial officer, will host the conference call. The call is being webcast live via the Internet at http://ir.qlogic.com. Phone access to participate in the conference call is available at (866) 409-1556, pass code: 1865120.

The financial information that the company intends to discuss during the conference call will be available on the company’s website at http://ir.qlogic.com for twelve months following the conference call. A replay of the conference call will be available via webcast at http://ir.qlogic.com for twelve months.

Follow QLogic @ twitter.com/qlogic

QLogic – the Ultimate in Performance

QLogic (Nasdaq:QLGC) is a global leader and technology innovator in high performance server and storage networking connectivity products. Leading OEMs and channel partners worldwide rely on QLogic for their server and storage networking solutions. For more information, visit www.qlogic.com.

Disclaimer – Forward-Looking Statements

This press release contains statements relating to future results of the company (including certain beliefs and projections regarding business and market trends and our belief that the acquisition from Broadcom is strategic and financially compelling, and positions us for expanding market opportunities and that revenue will grow consistent with our expectations) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied in the forward-looking statements. The company advises readers that these potential risks and uncertainties include, but are not limited to: unfavorable economic conditions; potential fluctuations in operating results; gross margins that may vary over time; the stock price of the company may be volatile; the company's dependence on the networking markets served; the ability to maintain and gain market or industry acceptance of the company's products; the company's dependence on a small number of customers; the company's ability to compete effectively with other companies; the ability to attract and retain key personnel; the complexity of the company's products; declining average unit sales prices of comparable products; the company's dependence on sole source and limited source suppliers; the company's dependence on relationships with certain third-party subcontractors and contract manufacturers; sales fluctuations arising from customer transitions to new products; seasonal fluctuations and uneven sales patterns in orders from customers; a reduction in sales efforts by current distributors; changes in the company's tax provisions or adverse outcomes resulting from examination of its income tax returns; international economic, currency, regulatory, political and other risks; facilities of the company and its suppliers and customers are located in areas subject to natural disasters; the ability to protect proprietary rights; the ability to satisfactorily resolve any infringement claims; uncertain benefits from strategic business combinations, acquisitions and divestitures; declines in the market value of the company's marketable securities; changes in and compliance with regulations; difficulties in transitioning to smaller geometry process technologies; the use of "open source" software in the company's products; system security risks, data protection breaches and cyber-attacks; and the company’s ability to borrow under its credit agreement is subject to certain covenants.

More detailed information on these and additional factors that could affect the company's operating and financial results are described in the company's Forms 10-K, 10-Q and other reports filed, or to be filed, with the Securities and Exchange Commission. The company urges all interested parties to read these reports to gain a better understanding of the business and other risks that the company faces. The forward-looking statements contained in this press release are made only as of the date hereof, and the company does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

QLogic and the QLogic logo are registered trademarks of QLogic Corporation. Other trademarks and registered trademarks are the property of the companies with which they are associated.

QLOGIC CORPORATION
 
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 

(unaudited — in thousands, except per share amounts)

 
  Three Months Ended   Year Ended
March 30,   March 31, March 30,   March 31,
  2014     2013     2014     2013  
 
Net revenues $ 115,720 $ 116,914 $ 460,907 $ 484,538
Cost of revenues   39,422     37,798     150,800     159,180  
Gross profit   76,298     79,116     310,107     325,358  
 
Operating expenses:
Engineering and development 36,598 40,206 147,010 156,097
Sales and marketing 16,410 20,562 68,367 78,512
General and administrative 9,399 7,948 32,097 32,899
Special charges   56,524         74,853      
Total operating expenses   118,931     68,716     322,327     267,508  
 
Operating income (loss) (42,633 ) 10,400 (12,220 ) 57,850
 
Interest and other income, net   1,492     1,072     3,260     4,007  
 

Income (loss) from continuing operations before income taxes

(41,141

)

11,472

(8,960

)

61,857

 
Income tax expense (benefit)   5,638     (18,163 )   9,306     (11,704 )
 
Income (loss) from continuing operations (46,779 ) 29,635 (18,266 ) 73,561
 
Loss from discontinued operations, net of income taxes               (425 )
 
Net income (loss) $ (46,779 ) $ 29,635   $ (18,266 ) $ 73,136  
 
Income (loss) from continuing operations per share:
Basic $ (0.54 ) $ 0.33 $ (0.21 ) $ 0.79
Diluted $ (0.54 ) $ 0.33 $ (0.21 ) $ 0.78
 
Loss from discontinued operations per share:
Basic $ $ $ $ (0.01 )
Diluted $ $ $ $
 
Net income (loss) per share:
Basic $ (0.54 ) $ 0.33 $ (0.21 ) $ 0.78
Diluted $ (0.54 ) $ 0.33 $ (0.21 ) $ 0.78
 
Number of shares used in per share calculations:
Basic 87,017 90,684 87,612 93,560
Diluted 87,017 91,105 87,612 93,998
 
QLOGIC CORPORATION
 
RECONCILIATION OF GAAP INCOME (LOSS) FROM CONTINUING OPERATIONS TO
NON-GAAP INCOME FROM CONTINUING OPERATIONS
 

(unaudited — in thousands, except per share amounts)

 
  Three Months Ended   Year Ended
March 30,   March 31, March 30,   March 31,
  2014     2013     2014     2013  
 
GAAP income (loss) from continuing operations $ (46,779 ) $ 29,635 $ (18,266 ) $ 73,561
Items excluded from GAAP income (loss) from continuing operations:
Stock-based compensation 4,591 7,068 22,638 30,363
Amortization of acquisition-related intangible assets 1,408 243 2,138 973
Amortization of license fee 133 133
Acquisition-related charges 1,517 1,517
Special charges 56,524 74,853
Gains recognized on previously impaired investment securities

(425

)

(425

)

Special income tax benefits (1) (19,338 ) (19,338 )
Other income tax effects   3,783     (1,978 )   219     (9,422 )
Total non-GAAP adjustments   67,531     (14,005 )   101,073     2,576  
Non-GAAP income from continuing operations $ 20,752   $ 15,630   $ 82,807   $ 76,137  
 
Income (loss) from continuing operations per diluted share:
GAAP income (loss) from continuing operations $ (0.54 ) $ 0.33 $ (0.21 ) $ 0.78
Adjustments   0.78     (0.16 )   1.15     0.03  
Non-GAAP income from continuing operations $ 0.24   $ 0.17   $ 0.94   $ 0.81  
 
Number of shares used in non-GAAP per diluted share calculations  

87,819

   

91,105

   

88,111

   

93,998

 
 
(1) Comprised of benefits associated with adjustments to certain tax positions previously subject to an IRS examination and the retroactive reinstatement of the federal research tax credit.

Non-GAAP Financial Measures

The non-GAAP financial measures contained herein are a supplement to the corresponding financial measures prepared in accordance with generally accepted accounting principles (GAAP). The non-GAAP financial measures presented exclude the items summarized in the above table. Management believes that adjustments for these items assist investors in making comparisons of period-to-period operating results and that these items are not indicative of the company’s on-going core operating performance.

The company has presented non-GAAP income from continuing operations and non-GAAP income from continuing operations per diluted share, on a basis consistent with its historical presentation, to assist investors in understanding the company’s core income from continuing operations and core income from continuing operations per diluted share on an on-going basis. These non-GAAP financial measures may also assist investors in making comparisons of the company’s core profitability with historical periods and comparisons of the company’s core profitability with the corresponding results for competitors. Management believes that non-GAAP income from continuing operations and non-GAAP income from continuing operations per diluted share are important measures in the evaluation of the company’s profitability. These non-GAAP financial measures exclude the adjustments described in the above table, and thus provide an overall measure of the company’s on-going profitability and related profitability on a per diluted share basis.

Management uses non-GAAP income from continuing operations and non-GAAP income from continuing operations per diluted share in its evaluation of the company’s core after-tax results of operations and trends between fiscal periods and believes that these measures are important components of its internal performance measurement process. In addition, the company prepares and maintains its budgets and forecasts for future periods on a basis consistent with these non-GAAP financial measures. Management believes that providing these non-GAAP financial measures allows investors to view the company’s financial results in the way that management views the financial results.

The non-GAAP financial measures presented herein have certain limitations in that they do not reflect all of the costs associated with the operations of the company’s business as determined in accordance with GAAP. Therefore, investors should consider non-GAAP financial measures in addition to, and not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP. The non-GAAP financial measures presented by the company may be different from the non-GAAP financial measures used by other companies.

For additional information on the items excluded from the non-GAAP financial measures and why the company believes that these non-GAAP financial measures provide useful supplemental information to investors, the company refers you to the Form 8-K regarding this release filed today with the Securities and Exchange Commission.

A summary of the non-GAAP adjustments presented in the table above by the financial statement line impacted is as follows:

(unaudited – in thousands)   Three Months Ended   Year Ended
March 30,   March 31, March 30,   March 31,
  2014     2013     2014     2013  
Non-GAAP Adjustments:
Cost of revenues:
Stock-based compensation $ 267 $ 533 $ 1,349 $ 2,372
Amortization of acquisition-related intangible assets 1,408 243 2,138 973
Amortization of license fee 133 133
Acquisition-related charges   802         802      
Total cost of revenue adjustments   2,610     776     4,422     3,345  
 
Operating expenses:
Engineering and development:
Stock-based compensation 1,848 3,140 10,918 13,584
Sales and marketing:
Stock-based compensation 1,063 1,636 5,337 6,853
General and administrative:
Stock-based compensation 1,413 1,759 5,034 7,554
Acquisition-related charges 715 715
Special charges   56,524         74,853      
Total operating expense adjustments   61,563     6,535     96,857     27,991  
 
Interest and other income:
Gains recognized on previously impaired investment securities  

(425

)

 

   

(425

)

 

 
 
Total non-GAAP adjustments before income taxes   63,748     7,311     100,854     31,336  
 
Income taxes:
Special income tax benefits (19,338 ) (19,338 )
Other income tax effects   3,783     (1,978 )   219     (9,422 )
Total income tax adjustments   3,783     (21,316 )   219     (28,760 )
 
Total non-GAAP adjustments $ 67,531   $ (14,005 ) $ 101,073   $ 2,576  
 
QLOGIC CORPORATION
 
CONDENSED CONSOLIDATED BALANCE SHEETS
 

(unaudited — in thousands)

 
  March 30,   March 31,
  2014     2013  
ASSETS
Current assets:
Cash and cash equivalents $ 91,258 $ 95,532
Marketable securities   186,783     359,974  
Total cash and marketable securities 278,041 455,506
Accounts receivable, net 65,213 66,135
Inventories 18,036 20,160
Deferred tax assets 15,080 13,036
Other current assets   16,590     24,381  
Total current assets 392,960 579,218
 
Property and equipment, net 84,912 96,336
Goodwill and purchased intangible assets, net 264,010 115,030
Deferred tax assets 32,827 31,992
Other assets   23,554     2,587  
 
$ 798,263   $ 825,163  
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 30,657 $ 29,668
Accrued compensation 26,956 27,453
Accrued taxes 981 4,559
Deferred revenue 3,954 4,676
Other current liabilities   16,123     7,651  
Total current liabilities 78,671 74,007
 
Accrued taxes 17,095 10,772
Other liabilities   9,071     6,107  
Total liabilities   104,837     90,886  
 
Stockholders’ equity:
Common stock 214 212
Additional paid-in capital 958,008 932,557
Retained earnings 1,672,071 1,690,337
Accumulated other comprehensive income 435 1,887
Treasury stock   (1,937,302 )   (1,890,716 )
Total stockholders’ equity   693,426     734,277  
 
$ 798,263   $ 825,163  
 
QLOGIC CORPORATION
 
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 

(unaudited — in thousands)

 
  Year Ended
March 30,   March 31,
  2014     2013  
 
Cash flows from operating activities:
Net income (loss) $ (18,266 ) $ 73,136
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 32,523 28,630
Stock-based compensation 22,638 30,363
Deferred income taxes (3,637 ) (110 )
Asset impairments 8,022
Other non-cash items 2,729 3,954
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable 899 10,635
Inventories 6,660 (436 )
Other assets (19,013 ) (3,346 )
Accounts payable 4,376 (3,555 )
Accrued compensation (1,511 ) (873 )
Accrued taxes, net 9,855 (37,314 )
Other liabilities   11,516     (3,919 )
Net cash provided by operating activities   56,791     97,165  
 
Cash flows from investing activities:
Purchases of available-for-sale securities (342,921 ) (298,621 )
Proceeds from sales and maturities of available-for-sale securities 510,816 308,947
Purchases of property and equipment (27,550 ) (46,765 )
Acquisition of businesses   (157,352 )    
Net cash used in investing activities   (17,007 )   (36,439 )
 
Cash flows from financing activities:
Proceeds from issuance of common stock under stock-based awards 8,711 8,250
Excess tax benefits from stock-based awards 53 177
Minimum tax withholding paid on behalf of employees for restricted stock units (4,739 ) (5,635 )
Purchases of treasury stock (47,785 ) (131,426 )
Payments for credit facility commitment fee (298 )
Payments for debt issuance costs       (1,076 )
Net cash used in financing activities   (44,058 )   (129,710 )
 
Net decrease in cash and cash equivalents (4,274 ) (68,984 )
 
Cash and cash equivalents at beginning of year   95,532     164,516  
 
Cash and cash equivalents at end of year $ 91,258   $ 95,532  
 
QLOGIC CORPORATION
 
SUPPLEMENTAL FINANCIAL INFORMATION
 

(unaudited — in thousands)

 

Net Revenues

 

A summary of the company’s revenue components is as follows:

 
  Three Months Ended   Year Ended
March 30,   March 31, March 30,   March 31,
2014 2013 2014 2013
Advanced Connectivity Platforms $ 101,085 $ 96,966 $ 386,738 $ 399,416
Legacy Connectivity Products   14,635   19,948   74,169   85,122
$ 115,720 $ 116,914 $ 460,907 $ 484,538

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold 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 City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
SYS-CON Events announced today that Solgenia 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, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional Social, Mobile and Cloud user experiences, our solutions help large and medium-sized organizations dr...
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, 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. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.