Welcome!

Big Data Journal Authors: Carmen Gonzalez, Keith Cawley, Jason Bloomberg, Trevor Parsons, Yeshim Deniz

News Feed Item

Sequans Communications Announces Second Quarter 2014 Financial Results

4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the second quarter ended June 30, 2014.

Second Quarter 2014 Highlights:

Revenue: Revenue of $5.1 million increased 13% compared to the first quarter of 2014, due to higher sales of chipsets and higher other revenue. Revenue increased 116% compared to the second quarter of 2013 due to higher sales of products for the LTE markets.

Gross margin: Gross margin was 41.3% compared to gross margin of 39.5% in the first quarter of 2014, and 41.1% in the second quarter of 2013, due to a more favorable revenue mix including more other revenue.

Operating loss: Operating loss was $8.7 million compared to an operating loss of $8.3 million in the first quarter of 2014 and an operating loss of $9.2 million in the second quarter of 2013, due to higher operating expenses primarily related to product development costs.

Net loss: Net loss was $8.7 million, or ($0.15) per diluted share/ADS, compared to a net loss of $8.3 million, or ($0.14) per diluted share/ADS in the first quarter of 2014 and a net loss of $9.1 million, or ($0.20) per diluted share/ADS in the second quarter of 2013.

Non-IFRS Net loss: Excluding stock-based compensation, non-IFRS net loss was $8.4 million, or ($0.14) per diluted share/ADS, compared to a non-IFRS net loss of $7.9 million, or ($0.13) per diluted share/ADS in the first quarter of 2014, and a non-IFRS net loss of $8.6 million, or ($0.19) per diluted share/ADS, in the second quarter of 2013.

 
In millions of US$ except percentages, shares and per share amounts Key Metrics
    Q2 2014   %*   Q1 2014   %*   Q2 2013   %*
Revenue $5.1     $4.5     $2.3  
Gross profit 2.1 41.3% 1.8 39.5% 1.0 41.1%
Operating loss (8.7) (171.2%) (8.3) (183.6%) (9.2) (392.7%)
Net loss (8.7) (171.4%) (8.3) (183.3%) (9.1) (387.3%)
Diluted EPS ($0.15) ($0.14) ($0.20)
Weighted average number of diluted shares/ADS 59,144,398 59,136,031 44,683,839
Cash flow used in operations (3.3) (8.4) (8.1)
Cash, cash equivalents and short-term investments at quarter-end 22.1 27.9 24.9
 
Additional information:
Stock-based compensation included in operating result
0.3 0.4 0.5
Non-IFRS diluted EPS (excludes stock-based compensation) ($0.14) ($0.13) ($0.19)
                         
* Percentage of revenue
 

“We have begun shipping for the build of a mobile computing design win targeting a Q4 launch in the U.S. and our home/portable router business is providing a growing base of revenues,” said Georges Karam, Sequans CEO. “During Q2, we added several new design wins for routers and M2M applications, and we are in advanced discussions on a number of others, including several mobile computing opportunities. The new Colibri platform introduced in June has been gaining a lot of traction, especially among module manufacturers. Looking ahead, we see a growing pipeline of follow-on design wins and new carrier opportunities in the U.S., APAC, and the rest of the world,” concluded Dr. Karam.

Third Quarter 2014 Outlook

The following statements are based on management’s current assumptions and expectations. These statements are forward-looking and actual results may differ materially. Sequans undertakes no obligation to update these statements.

Sequans expects revenue for the third quarter of 2014 to be in the range of $6.5 to $7.5 million, with non-IFRS gross margin of above 35%. Based on this revenue range and expected gross margin, non-IFRS net loss per diluted share/ADS is expected to be between ($0.12) and ($0.14) for the third quarter of 2014, based on approximately 59.1 million weighted average number of diluted shares/ADSs. Non-IFRS EPS guidance excludes primarily the impact of stock based compensation.

Conference Call and Webcast

Sequans plans to conduct a teleconference and live webcast to discuss the financial results for the second quarter of 2014 today, July 24, 2014, at 8:00 a.m. EDT /14:00 CEST. To participate in the live call, analysts and investors should dial 877-260-8898 (or +1 612-332-0802 if outside the U.S.). A live and archived webcast of the call will be available from the Investors section of the Sequans website at www.sequans.com/investors/. A replay of the conference call will be available until August 24, 2014, by dialing toll free 800-475-6701 in the U.S., or +1 320-365-3844 from outside the U.S., using the following access code: 330549.

Forward Looking Statements

This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of markets in which we compete and in which our products are sold, including WiMAX and LTE markets, (ii) unexpected increases in our expenses, including manufacturing expenses, (iii) our inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays or cancellations in spending by our customers, (v) unexpected average selling price reductions, (vi) the significant fluctuation to which our quarterly revenue and operating results are subject due to cyclicality in the wireless communications industry and transitions to new process technologies, (vii) our inability to anticipate the future market demands and future needs of our customers, (viii) our inability to achieve new design wins or for design wins to result in shipments of our products at levels and in the timeframes we currently expect, and (ix) other factors detailed in documents we file from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

Use of Non-IFRS/non-GAAP Financial Measures

To supplement our unaudited consolidated financial statements prepared in accordance with IFRS, we disclose certain non-IFRS, or non-GAAP, financial measures. These measures exclude non-cash charges relating to stock-based compensation. We believe that these measures can be useful to facilitate comparisons among different companies. These non-GAAP measures have limitations in that the non-GAAP measures we use may not be directly comparable to those reported by other companies. We seek to compensate for this limitation by providing a reconciliation of the non-GAAP financial measures to the most directly comparable IFRS measures in the table attached to this press release.

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a 4G chipmaker and leading provider of single-mode LTE chipset solutions to wireless device manufacturers worldwide. Founded in 2003, Sequans has developed and delivered six generations of 4G technology and its chips are certified and shipping in 4G networks, both LTE and WiMAX, around the world. Today, Sequans offers two LTE product lines: StreamrichLTE™, optimized for feature-rich mobile computing and home/portable router devices, and StreamliteLTE™, optimized for M2M devices and other connected devices for the Internet of Things. Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China. Visit Sequans online at www.sequans.comwww.facebook.com/sequanswww.twitter.com/sequans

Condensed financial tables follow

SEQUANS COMMUNICATIONS S.A.
       
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                 
Three months ended
(in thousands of US$, except share and per share amounts) June 30, March 31, June 30,
        2014   2014   2013
 

Revenue :

Product revenue 4,404 4,100 1,799
  Other revenue   664   404   548
Total revenue   5,068   4,504   2,347
Cost of revenue
Cost of product revenue 2,932 2,643 1,332
  Cost of other revenue   44   82   51
Total cost of revenue   2,976   2,725   1,383
Gross profit   2,092   1,779   964
Operating expenses :
Research and development 7,518 6,918 7,248
Sales and marketing 1,454 1,179 1,135
General and administrative 1,796 1,953 1,798
                 
Total operating expenses   10,768   10,050   10,181
Operating loss   (8,676)   (8,271)   (9,217)
Financial income (expense):
Interest income (expense), net (1) 11 10
  Foreign exchange gain   30   44   167
Loss before income taxes   (8,647)   (8,216)   (9,040)
Income tax expense   41   42   51
Loss (8,688) (8,258) (9,091)
Attributable to :
Shareholders of the parent (8,688) (8,258) (9,091)
  Minority interests   -   -   -
Basic loss per share   ($0.15)   ($0.14)   ($0.20)
Diluted loss per share   ($0.15)   ($0.14)   ($0.20)
Weighted average number of shares used for computing:
— Basic 59,144,398 59,136,031 44,683,839
— Diluted   59,144,398   59,136,031   44,683,839
 

SEQUANS COMMUNICATIONS S.A.
     
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
             
Six months ended June 30,
(in thousands of US$, except share and per share amounts) 2014   2013
 
Revenue :
Product revenue 8,504 2,895
  Other revenue   1,068   1,754
Total revenue   9,572   4,649
Cost of revenue
Cost of product revenue 5,575 2,594
  Cost of other revenue   126   371
Total cost of revenue   5,701   2,965
Gross profit   3,871   1,684
Operating expenses :
Research and development 14,436 13,762
Sales and marketing 2,633 2,274
General and administrative 3,749 4,119
             
Total operating expenses   20,818   20,155
Operating loss   (16,947)   (18,471)
Financial income (expense):
Interest income, net 10 29
  Foreign exchange gain   74   35
Loss before income taxes   (16,863)   (18,407)
Income tax expense (benefit) 83 88
Loss (16,946) (18,495)
Attributable to :
Shareholders of the parent (16,946) (18,495)
  Minority interests   -   -
Basic loss per share   ($0.29)   ($0.44)
Diluted loss per share   ($0.29)   ($0.44)

Weighted average number of shares used for computing:

— Basic 59,138,642 41,810,911
— Diluted   59,138,642   41,810,911
 

 
SEQUANS COMMUNICATIONS S.A.
     
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
           
At June 30, At December 31,
(in thousands of US$)   2014   2013
 
ASSETS
Non-current assets
Property, plant and equipment 8,734 6,622
Intangible assets 3,859 4,679
Deposits and other receivables 349 471
Available for sale assets   269   1,098
Total non-current assets   13,211   12,870
Current assets
Inventories 5,947 6,582
Trade receivables 6,425 5,486
Prepaid expenses and other receivables 2,655 2,832
Recoverable value added tax 734 508
Research tax credit receivable 5,618 8,006
Cash and cash equivalents   22,114   37,244
Total current assets   43,493   60,658
Total assets 56,704 73,528
 
EQUITY AND LIABILITIES
Equity
Issued capital, euro 0.02 nominal value, 59,144,741 shares authorized, issued and outstanding at June 30, 2014 ( 59,129,639 at December 31, 2013) 1,568 1,567
Share premium 165,510 165,785
Other capital reserves 15,447 14,721
Accumulated deficit (140,185) (123,239)
Other components of equity   114   95
Total equity   42,454   58,929
Non-current liabilities
Government grant advances and interest-free loans 478 604
Finance lease obligations 104 240
Provisions 608 460
Deferred tax liabilities   38   37
Total non-current liabilities   1,228   1,341
Current liabilities
Trade payables 7,774 7,252
Government grant advances and interest-free loans 372 435
Finance lease obligations 264 261
Other current liabilities 4,178 4,384
Deferred revenue 388 343
Provisions   46   583
Total current liabilities   13,022   13,258
Total equity and liabilities 56,704 73,528
 

 
SEQUANS COMMUNICATIONS S.A.
         
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 
Six months ended June 30,
(in thousands of US$)   2014   2013
 
Operating activities
Loss before income taxes (16,863) (18,407)
Non-cash adjustment to reconcile income before tax to net cash from (used in) operating activities
Amortization and impairment of property, plant and equipment 1,742 2,055
Amortization and impairment of intangible assets 916 954
Share-based payment expense 726 1,050
Increase (decrease) in provisions (389) (71)
Financial income (10) (29)
Foreign exchange loss (gain) (20) 60
Loss (Gain) on disposal of property, plant and equipment 27 -
Working capital adjustments
Decrease (Increase) in trade receivables and other receivables (1,312) 1,059
Decrease (Increase) in inventories 635 (455)
Decrease (Increase) in research tax credit receivable 2,388 (1,577)
Increase (Decrease) in trade payables and other liabilities 418 900
Increase (Decrease) in deferred revenue 45 281
Increase (Decrease) in government grant advances 135 (180)
Income tax paid (165) (210)
Net cash flow used in operating activities (11,727) (14,570)
 
Investing activities
Purchase of intangible assets and property, plant and equipment (3,962) (2,623)
Sale (purchase) of financial assets 951 (103)
Interest received 79 82
Net cash flow used in investments activities (2,932) (2,644)
 
Financing activities
Initial Public Offer, net of costs (298) 13,548
Proceeds from issue of warrants and exercise of stock options/warrants 22 -
Repayment of borrowings and finance lease liabilities (128) (122)
Interest paid (69) (54)
Net cash flows from (used in) financing activities (473) 13,372
 
Net increase (decrease) in cash and cash equivalents (15,132) (3,842)
Net foreign exchange difference 2 (3)
Cash and cash equivalent at January 1 37,244 28,751
Cash and cash equivalents at end of the period 22,114 24,906
 

 
SEQUANS COMMUNICATIONS S.A.
         
UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS
                 
Three months ended
(in thousands of US$, except share and per share amounts) June 30, March 31, June 30,
        2014   2014   2013
Net IFRS loss as reported (8,688) (8,258) (9,091)
Add back
Stock-based compensation expense according to IFRS 2 331 395 488
Non-IFRS loss adjusted   (8,357)   (7,863)   (8,603)
 
IFRS basic loss per share as reported ($0.15) ($0.14) ($0.20)
Add back
  Stock-based compensation expense according to IFRS 2   $0.01   $0.01   $0.01
Non-IFRS basic loss per share   ($0.14)   ($0.13)   ($0.19)
IFRS diluted loss per share ($0.15) ($0.14) ($0.20)
Add back
  Stock-based compensation expense according to IFRS 2   $0.01   $0.01   $0.01
Non-IFRS diluted loss per share   ($0.14)   ($0.13)   ($0.19)
 

 
SEQUANS COMMUNICATIONS S.A.
       
UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS
             
Six months ended
(in thousands of US$, except share and per share amounts) June 30, June 30,
        2014   2013
Net IFRS loss as reported (16,946) (18,495)
Add back
Stock-based compensation expense according to IFRS 2 727 1,050
Non-IFRS loss adjusted   (16,219)   (17,445)
 
IFRS basic loss per share as reported ($0.29) ($0.44)
Add back
  Stock-based compensation expense according to IFRS 2   $0.02   $0.02
Non-IFRS basic loss per share   ($0.27)   ($0.42)
IFRS diluted loss per share ($0.29) ($0.44)
Add back
  Stock-based compensation expense according to IFRS 2   $0.02   $0.02
Non-IFRS diluted loss per share   ($0.27)   ($0.42)
 

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.

@BigDataExpo Stories
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential. The DevOps Summit at Cloud Expo--to be held November 4-6 at the Santa Clara Convention Center in the heart of Silicon Valley--will expand the DevOps community, enable a wide sharing of knowledge, and educate delegates and technology providers alike. Recent research has shown that DevOps dramatically reduces development time, the amount of enterprise IT professionals put out fires, and support time generally. Time spent on infrastructure development is significantly increased, and DevOps practitioners report more software releases and higher quality.
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines.
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
Quantum is a leading expert in scale-out storage, archive and data protection, providing intelligent solutions for capturing, sharing and preserving digital assets over the entire data lifecyle. They help customers maximize the value of these assets to achieve their goals, whether it’s top movie studios looking to create the next blockbuster, researchers working to accelerate scientific discovery, or small businesses trying to streamline their operations. With a comprehensive portfolio of best-in-class disk, tape and software solutions for physical, virtual and cloud environments, they enable customers to address their most demanding workflow challenges and opportunities.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example to explain some of these concepts including when to use different storage models.
SimpleECM is the only platform to offer a powerful combination of enterprise content management (ECM) services, capture solutions, and third-party business services providing simplified integrations and workflow development for solution providers. SimpleECM is opening the market to businesses of all sizes by reinventing the delivery of ECM services. Our APIs make the development of ECM services simple with the use of familiar technologies for a frictionless integration directly into web applications. The simple integration framework lets customers select and easily customize only the services they need, to deliver solutions quickly and easily. Our flexible usage-based pricing model means that you only pay for the services that you use.
Software is eating the world. Companies that were not previously in the technology space now find themselves competing with Google and Amazon on speed of innovation. As the innovation cycle accelerates, companies must embrace rapid and constant change to both applications and their infrastructure, and find a way to deliver speed and agility of development without sacrificing reliability or efficiency of operations. In her keynote DevOps Summit, Victoria Livschitz, CEO of Qubell, will discuss how IT organizations can automate just-in-time assembly of application environments – each built for a specific purpose with the right infrastructure, components, service, data and tools – and deliver this automation to developers as a self-service. Victoria’s keynote will include remarks by Kira Makagon, EVP of Innovation at RingCentral, and Ratnakar Lavu, EVP of Digital Technology at Kohl’s.
Dyn solutions are at the core of Internet Performance. Through traffic management, message management and performance assurance, Dyn is connecting people through the Internet and ensuring information gets where it needs to go, faster and more reliably than ever before. Founded in 2001 at WPI, Dyn’s global presence services more than four million enterprise, small business and personal customers.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
You use an agile process; your goal is to make your organization more agile. But what about your data infrastructure? The truth is, today’s databases are anything but agile – they are effectively static repositories that are cumbersome to work with, difficult to change, and cannot keep pace with application demands. Performance suffers as a result, and it takes far longer than it should to deliver new features and capabilities needed to make your organization competitive. As your application and business needs change, data repositories and structures get outmoded rapidly, resulting in increased work for application developers and slow performance for end users. Further, as data sizes grow into the “Big Data” realm, this problem is exacerbated and becomes even more difficult to address. A seemingly simple schema change can take hours (or more) to perform, and as requirements evolve, the disconnect between existing data structures and actual needs diverge.
SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer's customers range from Web startups to global enterprises. Products and services include bare metal and virtual servers, networking, turnkey big data solutions, private cloud solutions, and more. SoftLayer's unique advantages include the industry's first Network-Within-a-Network topology for true out-of-band access, and an easy-to-use customer portal and robust API for full remote-access of all product and service management options. SoftLayer was founded in 2005 and is headquartered in Dallas, Texas. SoftLayer was acquired by IBM in July, 2013.
Despite the fact that majority of developers firmly believe that “it worked on my laptop” is a poor excuse for production failures, most don’t truly understand why it is virtually impossible to make your development environment representative of production. When asked, the primary reason for the production/development difference everyone mentions is technology stack spec/configuration differences. While it’s true, thanks to the black magic of Cloud (capitalization intended) with a bit of wizardry from Chef, anyone can create a pretty reliable replica of the production environment on demand. The actual main issue with reliable production mirroring is complex, but can be described in one word – data.
SYS-CON Events announced today that AppDynamics will exhibit at DevOps Summit Silicon Valley, which will take place November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Digital businesses like yours need a way to turn data into actual results. AppDynamics is ushering in the next digital age – the age of the software-defined business. AppDynamics’ mission is to deliver true application intelligence that helps your software-defined business run faster, leaner, and more efficient. You get the visibility and control you need to identify problems, find the root cause, and instantly connect the dots to get applications – and user transactions – on track and running flawlessly. AppDynamics provides the certainty that your most complex, business-critical applications are performing at the highest level and that the data and information generated by these applications can be harnessed for ongoing business advantage and impact.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In their General Session at 15th Cloud Expo, Phil Jackson, Development Community Advocate at SoftLayer, and Harold Hannon, Sr. Software Architect at SoftLayer, to discuss how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
Predicted by Gartner to add $1.9 trillion to the global economy by 2020, the Internet of Everything (IoE) is based on the idea that devices, systems and services will connect in simple, transparent ways, enabling seamless interactions among devices across brands and sectors. As this vision unfolds, it is clear that no single company can accomplish the level of interoperability required to support the horizontal aspects of the IoE. The AllSeen Alliance, announced in December 2013, was formed with the goal to advance IoE adoption and innovation in the connected home, healthcare, education, automotive and enterprise. Members of this nonprofit consortium include some of the world’s leading, consumer electronics manufacturers, home appliances manufacturers, service providers, retailers, enterprise technology companies, startups, and chipset manufacturers. Initially based on the AllJoyn™ open source project, the AllJoyn software and services framework will be expanded with contributions fr...
Fujitsu has a long and demonstrated history delivering world-class solutions that enable businesses to succeed in a highly competitive market and ever-evolving technology landscape. The Fujitsu Cloud ISV Partner Program is one more way we’re delivering exceptional value to our customers, where we focus on helping companies transform and deliver their solutions in an “as-a-service” model from our cloud. Our aim is to work closely with leading solution providers to take full advantage of not only our platform and tools, but the underlying shift in how the market consumes technology solutions today. With the Fujitsu Cloud ISV Partner Program, we offer the chance for solution providers to step into a leadership role and maximize the benefits of the latest cloud technology, including not only the transformation and delivery of their solutions as SaaS, but also for support in areas like sales, marketing, professional services, and across innovative operating and revenue models that support a...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher. Big Data Expo West is the place where you can see the technologies and use cases that are delivering Big Data to enterprise IT. Big Data Expo West is co-located at the Santa Clara Convention Center in the heart of Silicon Valley with Cloud Expo West--the world's most longstanding and significant event in the world of cloud computing.