cloudhosting14 wrote: As you would already know that managed hosting itself is another form of Cloud hosting in which the system administrations of servers is looked upon by the CPs. Similar is the case with managed multi Cloud hosting. You can very well understand how a big burden it would be to manage multi cloud servers for organization; this is why a service known as managed multi Cloud is provided to these users. This service ensures them the seam less running of their system administrative operations while organizations focus more on t...
Polycom,
Inc. (Nasdaq: PLCM), the global leader in open standards-based
unified communication and collaboration (UC&C), today reported financial
results for the fourth quarter ended December 31, 2012.
Fourth quarter 2012 consolidated net revenues were $353 million, up 5
percent sequentially, growing in all product categories, compared to
$335 million for the third quarter of 2012 and down 9 percent
year-over-year compared to $386 million for the fourth quarter of 2011.
Non-GAAP net income for the fourth quarter of 2012 was $31 million, or
17 cents per diluted share, compared to non-GAAP net income of $17
million or 10 cents per diluted share for the third quarter of 2012, and
non-GAAP net income of $68 million, or 38 cents per diluted share for
the fourth quarter of 2011. GAAP net income for the fourth quarter of
2012 was $2 million, or 1 cent per diluted share, compared to GAAP net
income of $50 million, or 28 cents per diluted share, for the same
period last year. All periods presented in this release have been
adjusted to reflect the classification of Polycom’s Enterprise Wireless
Solutions business as discontinued operations. The reconciliation
between GAAP net income and non-GAAP net income is provided in the
tables at the end of this release.
“Polycom has executed very well, demonstrating clear product leadership
during the UC&C market transition in 2012,” stated Andrew M. Miller,
Polycom President and Chief Executive Officer. “We are excited to begin
2013 with what we believe is the most comprehensive product portfolio in
the industry and improved sales and go-to-market capabilities that
enable new business models for collaboration, including software,
cloud-delivered video, and virtualization.”
“We are pleased to report sequential revenue growth in all product
categories, including UC Platform, which is above a quarter billion
dollar per year run rate,” continued Eric Brown, Polycom Chief Operating
Officer and Chief Financial Officer. “Services revenue also increased
both sequentially and year-over-year in line with our increased focus on
this area of the business.”
On a geographic basis, consolidated net revenues from continuing
operations for the fourth quarter of 2012 were comprised of:
50 percent Americas, or $175.2 million, an increase of 2 percent
sequentially and a decrease of 3 percent year-over-year;
26 percent Europe, Middle East, and Africa (EMEA), or $93.4 million,
an increase of 19 percent sequentially and a decrease of 10 percent
year-over-year; and
24 percent Asia Pacific, or $84.4 million, a decrease of 2 percent
sequentially and a decrease of 18 percent year-over-year.
By product line, inclusive of its service component, consolidated net
revenues from continuing operations for the fourth quarter of 2012 were
comprised of:
UC Group Systems of $238.2 million, an increase of 5 percent
sequentially, and a decrease of 8 percent year-over-year;
UC Personal Devices of $46.8 million, an increase of 2 percent both
sequentially and year-over-year; and
UC Platform of $68.0 million, an increase of 6 percent sequentially
and a decrease of 15 percent year-over-year.
In Q4 2012, Polycom generated a total of $66 million in operating cash
flow and completed share repurchases of $5 million. Operating cash flow
on a trailing 12 month basis was $187 million. Deferred revenue balances
increased 2 percent sequentially to $250 million.
Q4 2012 Business Highlights
Announced a royalty-free license offering for an interoperable
implementation of H.264 Scalable Video Coding (SVC) software
technology.
Unveiled a comprehensive set of breakthrough products at our Strategy
Day in October, including:
Polycom® RealPresence® CloudAXIS™ Suite, a software extension of
the Polycom® RealPresence® Platform for private and public cloud
deployments – available in both an enterprise and partner/service
provider edition – that enables universal access to
enterprise-grade video collaboration to any business (B2B) or
consumer (B2C) at the highest quality, reliability, and security
Powerful Polycom RealPresence Platform enhancements, including the
industry’s first open standards-based SVC (Scalable Video Coding),
with 3X HD multipoint video call capacity for greater scalability,
dramatically lower TCO, superior performance, and backwards- and
forwards-compatibility to protect customer investments—all
available through a software update
Polycom® RealPresence® Collaboration Server 800s, Virtual Edition,
the industry’s first multi-protocol, integrated software MCU that
runs on industry-standard servers
Next-generation video endpoints, including new Polycom®
RealPresence® Group Series products, the new ultra-slim Polycom®
RealPresence® VisualEdge™ Executive Desktop offering, and Polycom
RealPresence software for PCs and mobile devices.
Launched Polycom® VVX® 600 solutions, offering workers a flexible
and intuitive phone that integrates seamlessly with popular UC&C
productivity applications and Bluetooth headsets for hands-free
privacy. Users can also join video conferences via the optional
Polycom VVX Camera, which Polycom also unveiled for both Polycom
VVX 600 and Polycom® VVX® 500 business media phones.
Introduced a series of new customer financing options that help
free customers from the limitations of quarterly capital expense
budgets and allow more organizations to implement UC&C solutions
that fully meet their needs.
Announced enhancements to the Company's video content management
solutions, including a new cloud-delivered version of the Polycom®
RealPresence® Media Manager and Polycom®
RSS™ 4000 v8.5, which help organizations record, stream,
manage and view live and on-demand video content quickly, easily
and cost-effectively.
Announced the worldwide availability of the Polycom®
HDX® Series 3.1, a software update for the Company's popular
HDX video collaboration solution for executive desktops and rooms.
Earnings Call Details
Polycom will hold a conference call today, January 23, 2013, at 5:00
p.m. EST/2:00 p.m. PST to discuss its fourth quarter financial results.
Andrew M. Miller, President and CEO, and Eric Brown, Chief Operating
Officer and Chief Financial Officer, will host the call. You may
participate by viewing the webcast at www.polycom.com/investors
or, for callers in the U.S. and Canada, you may participate by calling
800.707.8704 and for callers outside of the U.S. and Canada, by calling
303.223.4360. The pass code for the call is “Polycom.” A replay of the
call will also be available at www.polycom.com
or, for callers in the U.S. and Canada, at 800.633.8284 and, for callers
outside of the U.S. and Canada, at 402.977.9140. The access number for
the replay is 21643789. A replay of the call will be available on www.polycom.com
for at least three months.
Forward Looking Statements and Risk Factors
This release contains forward-looking statements within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform
Act of 1995 regarding future events, future demand for our products, and
the future performance of the Company, including statements regarding
the comprehensiveness of our product portfolio and improved sales and
go-to-market capabilities that enable new business models for
collaboration, and future expectations for continued growth of our UC
Platform revenues. These forward-looking statements are subject to risks
and uncertainties that may cause actual results to differ materially,
including the impact of competition on our product sales and for our
customers and partners; the impact of increased competition due to
consolidation in our industry or competition from companies that are
larger or that have greater resources than we do; potential fluctuations
in results and future growth rates; risks associated with global
economic conditions and external market factors; the market acceptance
of our products and changing market demands, including demands for
differing technologies or product and services offerings; our ability to
successfully integrate our acquisitions into our business; possible
delays in the development, availability and shipment of new products due
to engineering, manufacturing or other delays; increasing costs and
differing uses of capital; changes in key personnel that may cause
disruption to the business; the impact of restructuring actions; and the
impact of global conflicts that may adversely impact our business. Many
of these risks and uncertainties are discussed in the Company’s
Quarterly Report on Form 10-Q for the quarter ended September 30, 2012,
and in other reports filed by Polycom with the SEC. Polycom disclaims
any intent or obligations to update these forward-looking statements.
Polycom reserves the right to modify future product plans at any time.
Products and/or related specifications referenced in this press release
are not guaranteed and will be delivered on a when and if available
basis.
GAAP to non-GAAP Reconciliation
To supplement our consolidated financial statements presented on a GAAP
basis, Polycom uses non-GAAP measures of operating results, net income
and income per share, which are adjusted to exclude certain costs,
expenses, gains, and losses we believe appropriate to enhance an overall
understanding of our past financial performance and also our prospects
for the future. These adjustments to our current period GAAP results are
made with the intent of providing both management and investors a more
complete understanding of Polycom's underlying operational results and
trends and our marketplace performance. For example, the non-GAAP
results are an indication of our baseline performance before gains,
losses, or other charges that are considered by management to be outside
of our core operating results. In addition, these adjusted non-GAAP
results are among the primary indicators management uses as a basis for
our planning and forecasting of future periods. The presentation of this
additional information is not meant to be considered in isolation or as
a substitute for net income or diluted net income per share prepared in
accordance with generally accepted accounting principles in the United
States.
About Polycom
Polycom is the global leader in open standards-based unified
communications and collaboration (UC&C) solutions for voice and video
collaboration, trusted by more than 415,000 customers around the world.
Polycom solutions are powered by the Polycom® RealPresence® Platform,
comprehensive software infrastructure and rich APIs that interoperate
with the broadest set of communication, business, mobile and cloud
applications and devices to deliver secure face-to-face video
collaboration in any environment. Polycom and its ecosystem of over
7,000 partners provide truly unified communications solutions that
deliver the best user experience, highest multi-vendor interoperability,
and lowest TCO Visit www.polycom.com
or connect with us on Twitter,
Facebook,
and LinkedIn
to learn how we're pushing the greatness of human collaboration forward.
POLYCOM, INC. Condensed Consolidated Statements of
Operations (In thousands, except per share amounts) (Unaudited)
Three Months Ended
Twelve Months Ended
December 31, 2012
December 31, 2011
December 31, 2012
December 31, 2011
Revenues:
Product revenues
$
261,874
$
303,461
$
1,042,484
$
1,138,050
Service revenues
91,152
82,769
350,144
264,139
Total revenues
353,026
386,230
1,392,628
1,402,189
Cost of revenues:
Cost of product revenues
109,506
120,906
426,369
439,995
Cost of service revenues
36,704
31,364
142,827
103,930
Total cost of revenues
146,210
152,270
569,196
543,925
Gross profit
206,816
233,960
823,432
858,264
Operating expenses:
Sales and marketing
116,312
113,401
464,353
428,829
Research and development
55,085
51,431
208,510
190,322
General and administrative
25,910
20,629
98,285
81,661
Amortization of purchased intangibles
2,512
2,671
9,830
5,542
Restructuring costs
195
4,657
22,024
9,396
Acquisition-related expenses
2,271
1,764
14,064
9,688
Total operating expenses
202,285
194,553
817,066
725,438
Operating income
4,531
39,407
6,366
132,826
Other income (expense), net
(858
)
1,778
(3,868
)
(1,672
)
Income from continuing operations before provision for income taxes
3,673
41,185
2,498
131,154
Provision (benefit) for income taxes
39,081
(4,545
)
38,056
5,246
Income (loss) from continuing operations
(35,408
)
45,730
(35,558
)
125,908
Income from operations of discontinued operations, net of taxes
2,178
3,843
9,888
9,906
Gain from sale of discontinued operations, net of taxes
35,425
-
35,425
-
Net income
$
2,195
$
49,573
$
9,755
$
135,814
Basic net income (loss) per share:
Income (loss) per share from continuing operations
$
(0.20
)
$
0.26
$
(0.20
)
$
0.71
Income per share from operations of discontinued operations, net of
taxes
$
0.01
$
0.02
$
0.06
$
0.06
Gain per share from sale of discontinued operations, net of taxes
$
0.20
$
-
$
0.20
$
-
Basic net income per share
$
0.01
$
0.28
$
0.06
$
0.77
Diluted net income (loss) per share:
Income (loss) per share from continuing operations
$
(0.20
)
$
0.26
$
(0.20
)
$
0.69
Income per share from operations of discontinued operations, net of
taxes
$
0.01
$
0.02
$
0.06
$
0.05
Gain per share from sale of discontinued operations, net of taxes
$
0.20
$
-
$
0.20
$
-
Diluted net income per share
$
0.01
$
0.28
$
0.06
$
0.75
Number of shares used in computation of net income (loss) per share:
Basic
175,519
176,729
176,878
176,426
Diluted
175,519
179,331
176,878
181,195
Note:
Earnings per share amounts for continuing operations,
discontinued operations and net income, as presented above, are
calculated individually and may not sum due to rounding
differences. As a result of the net loss from
continuing operations for the three and twelve month periods ended
December 31, 2012, all potentially issuable common shares have
been excluded from the diluted shares used in the computation of
earnings per share for those periods as their effect is
anti-dilutive.
POLYCOM, INC. Reconciliation of GAAP to Non-GAAP Net
Income (In thousands, except per share amounts) (Unaudited)
Three Months Ended
Twelve Months Ended
December 31, 2012
December 31, 2011
December 31, 2012
December 31, 2011
GAAP net income
$
2,195
$
49,573
$
9,755
$
135,814
Income from operations of discontinued operations, net of tax
(2,178
)
(3,843
)
(9,888
)
(9,906
)
Gain from sale of discontinued operations, net of tax
(35,425
)
-
(35,425
)
-
Tax expense on company reorganization
38,836
-
38,836
-
Amortization of purchased intangibles
4,421
4,529
17,465
11,201
Restructuring costs
195
4,657
22,024
9,396
Acquisition-related expenses
2,271
1,764
14,064
9,688
Stock-based compensation expense
23,690
18,276
88,761
63,853
Effect of stock-based compensation on warranty rates
128
181
669
546
Severance costs associated with CFO retirement
-
-
929
-
Legal costs associated with the indemnification of a former officer
-
(87
)
236
1,552
Impairment (recovery) of an investment in a private company
-
(421
)
-
79
Benefit related to the resolution of a multi-year tax audit
-
-
-
(7,487
)
Income tax effect of other non-GAAP exclusions
(3,444
)
(6,696
)
(25,612
)
(20,078
)
Non-GAAP net income
$
30,689
$
67,933
$
121,814
$
194,658
GAAP earnings per share:
Basic
$
0.01
$
0.28
$
0.06
$
0.77
Diluted
$
0.01
$
0.28
$
0.06
$
0.75
Non-GAAP earnings per share:
Basic
$
0.17
$
0.38
$
0.69
$
1.10
Diluted
$
0.17
$
0.38
$
0.68
$
1.07
Number of shares used in computation of GAAP earnings per share:
Basic
175,519
176,729
176,878
176,426
Diluted
175,519
179,331
176,878
181,195
Number of shares used in computation of non-GAAP earnings per share:
Basic
175,519
176,729
176,878
176,426
Diluted
177,953
179,331
178,945
181,195
POLYCOM, INC. Condensed Consolidated Balance Sheets (In
thousands) (Unaudited)
December 31, 2012
December 31, 2011
ASSETS
Current assets
Cash and cash equivalents
$
477,073
$
375,241
Short-term investments
197,196
159,426
Trade receivables, net
194,654
210,804
Inventories
99,960
93,284
Deferred taxes
48,916
37,282
Prepaid expenses and other current assets
55,454
51,241
Assets held for sale
-
67,130
Total current assets
1,073,253
994,408
Property and equipment, net
133,319
126,884
Long-term investments
50,333
56,772
Goodwill and purchased intangibles
608,802
623,121
Deferred taxes
28,406
23,356
Other assets
21,238
20,264
Total assets
$
1,915,351
$
1,844,805
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable
$
89,983
$
110,719
Accrued payroll and related liabilities
39,469
38,546
Taxes payable
4,736
-
Deferred revenue
158,482
138,486
Other accrued liabilities
63,018
59,288
Liabilities held for sale
-
14,119
Total current liabilities
355,688
361,158
Non-current liabilities
Deferred revenue
91,061
82,898
Taxes payable
15,598
16,813
Deferred taxes
236
558
Other non-current liabilities
22,079
13,262
Total liabilities
484,662
474,689
Stockholders' equity
1,430,689
1,370,116
Total liabilities and stockholders' equity
$
1,915,351
$
1,844,805
POLYCOM, INC. Condensed Consolidated Statements of
Cash Flows (In thousands) (Unaudited)
Twelve Months Ended
December 31, 2012
December 31, 2011
Cash flows from operating activities:
Net income
$
9,755
$
135,814
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization
61,586
52,564
Amortization of purchased intangibles
20,318
21,742
Provision for excess and obsolete inventories
6,420
8,567
Provision for doubtful accounts
1,100
-
Stock-based compensation expense
89,245
65,262
Impairment of private company investments
-
79
Excess tax benefits from stock-based compensation
(9,297
)
(13,430
)
Loss on disposals of property and equipment
4,080
1,537
Net gain on sale of discontinued operations
(35,425
)
-
Tax expense on company reorganization
38,836
-
Changes in assets and liabilities, net of the effect of
acquisitions and divestitures:
Trade receivables
16,582
(63,009
)
Inventories
(11,428
)
2,545
Deferred taxes
(15,933
)
(12,446
)
Prepaid expenses and other assets
(8,835
)
(3,190
)
Accounts payable
(22,901
)
22,816
Taxes payable
5,123
13,496
Other accrued liabilities
37,754
67,298
Net cash provided by operating activities
186,980
299,645
Cash flows from investing activities:
Purchases of property and equipment
(67,270
)
(69,279
)
Purchases of investments
(312,631
)
(372,567
)
Proceeds from sale of investments
52,286
41,461
Proceeds from maturities of investments
229,211
326,332
Net cash received from sale of discontinued operations
50,411
-
Net cash paid in purchase acquisitions
(4,583
)
(163,630
)
Net cash used in investing activities
(52,576
)
(237,683
)
Cash flows from financing activities:
Proceeds from issuance of common stock under employee option and
stock purchase plans
25,832
40,798
Repurchase and retirement of common stock
(67,901
)
(64,937
)
Excess tax benefits from stock-based compensation
9,297
13,430
Net cash used in financing activities
(32,772
)
(10,709
)
Net increase in cash and cash equivalents
101,632
51,253
Cash and cash equivalents, beginning of period
375,441
324,188
Cash and cash equivalents, end of period
$
477,073
$
375,441
These Condensed Consolidated Statements of Cash Flows include
combined cash flows of continuing and discontinued operations. The
end of period cash and cash equivalents balance for December 31,
2011 includes $200 of cash included within "Assets held for sale"
in the condensed consolidated balance sheets.
POLYCOM, INC. Reconciliations of GAAP Measures to
Non-GAAP Measures (In thousands) (Unaudited)
Three Months Ended
Twelve Months Ended
December 31, 2012
December 31, 2011
December 31, 2012
December 31, 2011
GAAP cost of revenues used in inventory turns
$
146,210
$
152,270
$
569,196
$
543,925
Stock-based compensation expense
(2,532
)
(1,591
)
(10,204
)
(6,267
)
Effect of stock-based compensation on warranty rates
(128
)
(181
)
(669
)
(546
)
Amortization of purchased intangibles
(1,909
)
(1,858
)
(7,635
)
(5,659
)
Non-GAAP cost of revenues used in inventory turns
$
141,641
$
148,640
$
550,688
$
531,453
GAAP gross profit
$
206,816
$
233,960
$
823,432
$
858,264
Stock-based compensation expense
2,532
1,591
10,204
6,267
Effect of stock-based compensation on warranty rates
128
181
669
546
Amortization of purchased intangibles
1,909
1,858
7,635
5,659
Non-GAAP gross profit
$
211,385
$
237,590
$
841,940
$
870,736
Non-GAAP gross margin
59.9
%
61.5
%
60.5
%
62.1
%
GAAP sales and marketing expense
$
116,312
$
113,401
$
464,353
$
428,829
Stock-based compensation expense
(9,722
)
(8,131
)
(36,791
)
(27,022
)
Non-GAAP sales and marketing expense
$
106,590
$
105,270
$
427,562
$
401,807
Non-GAAP sales and marketing expense as percent of revenues
30.2
%
27.3
%
30.7
%
28.7
%
GAAP research and development expense
$
55,085
$
51,431
$
208,510
$
190,322
Stock-based compensation expense
(5,387
)
(4,228
)
(20,195
)
(14,850
)
Non-GAAP research and development expense
$
49,698
$
47,203
$
188,315
$
175,472
Non-GAAP research and development expense as percent of revenues
14.1
%
12.2
%
13.5
%
12.5
%
GAAP general and administrative expense
$
25,910
$
20,629
$
98,285
$
81,661
Stock-based compensation expense
(6,049
)
(4,326
)
(21,571
)
(15,714
)
Severance costs associated with CFO retirement
-
-
(929
)
-
Legal costs associated with the indemnification of a former officer
-
87
(236
)
(1,552
)
Non-GAAP general and administrative expense
$
19,861
$
16,390
$
75,549
$
64,395
Non-GAAP general and administrative expense as percent of revenues
5.6
%
4.2
%
5.4
%
4.6
%
GAAP total operating expenses
$
202,285
$
194,553
$
817,066
$
725,438
Stock-based compensation expense
(21,158
)
(16,685
)
(78,557
)
(57,586
)
Amortization of purchased intangibles
(2,512
)
(2,671
)
(9,830
)
(5,542
)
Restructuring costs
(195
)
(4,657
)
(22,024
)
(9,396
)
Acquisition-related expenses
(2,271
)
(1,764
)
(14,064
)
(9,688
)
Severance costs associated with CFO retirement
-
-
(929
)
-
Legal costs associated with the indemnification of a former officer
-
87
(236
)
(1,552
)
Non-GAAP total operating expenses
$
176,149
$
168,863
$
691,426
$
641,674
Non-GAAP total operating expenses as percent of revenues
49.9
%
43.7
%
49.6
%
45.8
%
GAAP operating income (loss)
$
4,531
$
39,407
$
6,366
$
132,826
Stock-based compensation expense
23,690
18,276
88,761
63,853
Effect of stock-based compensation on warranty rates
128
181
669
546
Amortization of purchased intangibles
4,421
4,529
17,465
11,201
Restructuring costs
195
4,657
22,024
9,396
Acquisition-related expenses
2,271
1,764
14,064
9,688
Severance costs associated with CFO retirement
-
-
929
-
Legal costs associated with the indemnification of a former officer
-
(87
)
236
1,552
Non-GAAP operating income
$
35,236
$
68,727
$
150,514
$
229,062
Non-GAAP operating margin
10.0
%
17.8
%
10.8
%
16.3
%
POLYCOM, INC. Summary of Stock-Based Compensation
Expense (In thousands) (Unaudited)
Three Months Ended
Twelve Months Ended
December 31, 2012
December 31, 2011
December 31, 2012
December 31, 2011
Cost of sales - product
$
873
$
707
$
3,593
$
2,501
Cost of sales - service
1,659
884
6,611
3,766
Stock-based compensation expense in cost of sales
2,532
1,591
10,204
6,267
Sales and marketing
9,722
8,131
36,791
27,022
Research and development
5,387
4,228
20,195
14,850
General and administrative
6,049
4,326
21,571
15,714
Stock-based compensation expense in operating expenses
After trashing its public OpenStack cloud efforts Monday in favor of
reselling third-party widgetry – and reportedly canning workers in the 300-
man group according to TechCrunch – Dell folk who are left were anxious
to say that Dell is still in the pri...
SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosti...
Big Data and the cloud each contributed a start-up to the stock market last Friday.
Tableau Software, a profitable chart-making BI data visualization firm, IPO’d on the Big Board in New York sporting the highly desirable ticker symbol DATA and selling at the open for $31 a shar...
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
nfina Technologies de...
SYS-CON Events announced today that OpenStack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. OpenStack software controls large pools of compute, storage, and networking resource...
.gif)
After trashing its public OpenStack cloud efforts Monday in favor of
reselling third-party widgetry – and reportedly canning workers in the 300-
man group according to TechCrunch – Dell folk who are left were anxious
to say that Dell is still in the pri...
SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosti...
Big Data and the cloud each contributed a start-up to the stock market last Friday.
Tableau Software, a profitable chart-making BI data visualization firm, IPO’d on the Big Board in New York sporting the highly desirable ticker symbol DATA and selling at the open for $31 a shar...
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
nfina Technologies de...
SYS-CON Events announced today that OpenStack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. OpenStack software controls large pools of compute, storage, and networking resource...
