Click here to close now.

Welcome!

Java IoT Authors: Plutora Blog, Carmen Gonzalez, Liz McMillan, Dana Gardner, Pat Romanski

News Feed Item

Men's Wearhouse Reports Fiscal 2013 Results

- Fiscal 2013 GAAP diluted earnings per share were $1.70 and adjusted diluted earnings per share were $2.21

FREMONT, Calif., March 11, 2014 /PRNewswire/ -- The Men's Wearhouse (NYSE: MW) today announced consolidated financial results for the fiscal year ended February 1, 2014. 

Fiscal year 2013 had 52 weeks compared with 53 weeks in fiscal year 2012.  Consequently, results for the fourth quarter and fiscal year 2013 were negatively impacted by the additional week in 2012.  Comparable sales for the fourth quarter and fiscal year 2013 do not include an additional week in fiscal year 2012.

Total net sales for fiscal year 2013 decreased 0.6% to $2.5 billion, and total Men's Wearhouse brand revenues were up 1.6% over fiscal 2012 and up 3% on a 52 week fiscal comparison.  GAAP diluted EPS for fiscal year 2013 was $1.70 and adjusted EPS was $2.21 excluding one-time costs(1)

Total net sales for the fiscal 2013 13-week fourth quarter decreased 7.9% to $560.6 million from $608.4 million in last year's 14-week fourth quarter.  GAAP loss per share was $0.64 for the fourth quarter of 2013.  Adjusted loss per share was $0.38 excluding one-time costs(2)

Doug Ewert, Men's Wearhouse president and chief executive officer, commented, "We were not immune to the effects of weak consumer spending sentiments and severe weather disruption that impacted most retailers in December and January.  Tuxedo and corporate apparel sales were in-line with internal expectations, while clothing sales in all three retail chains were lower than expected.  Weather-related store closures and an aggressive promotional retail environment resulted in a traffic decline. We estimate that approximately one-quarter of the 2.5% comparable sales decrease in the fourth quarter at Men's Wearhouse was due to these closures."

Ewert added, "We executed an aggressive advertising and promotional plan, and made adjustments as the challenging retail environment unfolded during the quarter.  We proactively increased our promotional activity, including incremental advertising spending, and reduced our expenses accordingly. Subsequently, we have seen business improve significantly in February, as both Men's Wearhouse and Moores finished the month with approximately 3% and 9% comparable sales increases respectively, overcoming additional weather-related store closures.  Looking forward, we are excited about the rollout of our 'Made-in-America' Joseph Abboud® product into the Men's Wearhouse stores.  This product should be in all stores by the summer of 2014 and will be supported by brand advertising, which commenced in select markets on March 10th.

"We look forward to completing the combination of Men's Wearhouse and Jos. A. Bank, which we also announced today, and to achieving the benefits of the combination for our shareholders," concluded Ewert.

(1)

Adjusted net earnings exclude $41.1 million ($27.3 million after tax or $0.56 per diluted share) in costs related to the JA Holding, Inc. acquisition and integration, costs related to various strategic projects, separation costs associated with former executives, non-cash impairment of K&G goodwill, K&G ecommerce closure costs and a New York store related closure costs. Also excluded is a $2.2 million ($1.5 million after tax or $0.03 per diluted share) gain from the sale of an office building in Fremont, CA. Adjusted diluted earnings per share may not sum due to rounded numbers.



(2)

Adjusted net earnings exclude $19.0 million ($12.6 million after tax or $0.27 per diluted share) in costs related to the JA Holding, Inc. acquisition and integration, costs related to various strategic projects, separation costs associated with former executives, K&G ecommerce closure costs and certain asset impairment charges. Adjusted diluted earnings per share may not sum due to rounded numbers.

FOURTH QUARTER CONSOLIDATED RESULTS REVIEW
Please refer to the Consolidated Statements of Earnings table below that compare the results of the 2013 13-week fiscal quarter to the 2012 14-week fiscal quarter.  The following provides the comparable 13-week results for both fiscal fourth quarters.

Total net sales for the fiscal 2013 13-week fourth quarter decreased 2.6% or $14.8 million to $560.6 million from an adjusted $575.3 million.  Retail segment sales for the quarter decreased by 3.3% or $17.1 million and corporate apparel sales increased by 3.9% or $2.4 million as compared to the adjusted prior year quarter.

The consolidated total gross margin was down $17.6 million or 7.8% to the adjusted prior year quarter.  The total gross margin rate decreased 210 basis points primarily due to higher markdowns, deleveraging of occupancy costs and an expected decrease in tuxedo margin due to lower rental revenue and higher per unit rental costs.  The retail segment total gross margin was down 8.8% and the corporate apparel gross margin increased 4.3%.

Adjusted SG&A expenses of $239.6 million increased by $3.8 million from the adjusted prior year or 1.6% primarily due to an increase in advertising expense.  Adjusted SG&A expenses exclude $19.0 million in costs related to the JA Holding, Inc. acquisition and integration, costs related to various strategic projects, separation costs associated with former executives, K&G ecommerce closure costs and certain asset impairment charges. 

Adjusted net loss for the fiscal 2013 fourth quarter was $17.9 million, or $0.38 adjusted diluted loss per share compared to net loss of $4.9 million, or $0.10 diluted loss per share last year excluding the impact of the 53rd week.

FOURTH QUARTER AND FISCAL YEAR SALES REVIEW
The table that follows is a summary of net sales for fiscal 2013 fourth quarter and full year.  The dollars shown are U.S. dollars in millions and due to rounded numbers may not sum.  The Moores comparable sales change is based on the Canadian dollar.  Comparable sales exclude the net sales of a store for any month of one period if the store was not open throughout the same month of the prior period and include e-commerce net sales, beginning in fiscal 2013. 

Because fiscal 2012 was a 53-week year, comparable sales for the current year are shown on a trailing 52-week basis, comparing the most relevant time periods, as well as on a fiscal period basis.  The current quarter fiscal period basis is lower than the trailing basis comparison primarily due to the calendar shift of the 53rd week.  

Fourth Quarter Net Sales Summary – Fiscal 2013



Net Sales

Comparable Sales Change


Net Sales Change

Current Quarter

Current Quarter

Trailing

Current Quarter Fiscal

Prior Year Quarter Fiscal

Total Retail Segment

(8.5%)

($46.2)

$497.3




       Men's Wearhouse

(6.1%)

($22.6)

$350.2

(2.5%)

(3.0%)

1.0%

       Moores

(13.6%)

($9.2)

$58.6

(2.3%)

(3.4%)

(5.5%)

       K&G

(15.0%)

($14.3)

$81.2

(7.7%)

(8.6%)

(5.7%)

       MW Cleaners

(0.5%)

($0.0)

$7.3











Corporate Apparel Segment

(2.7%)

($1.7)

$63.3











Total Company

(7.9%)

($47.9)

$560.6











Net Sales Summary – Fiscal 2013



Net Sales

Comparable Sales Change


Net Sales Change

Current YTD

Current YTD

Trailing

Current YTD Fiscal

Prior Year YTD Fiscal

Total Retail Segment

(1.0%)

($22.4)

$2,226.4




       Men's Wearhouse

1.6%

$25.1

$1,606.2

0.7%

0.8%

4.8%

       Moores

(7.2%)

($19.6)

$254.4

(4.1%)

(3.9%)

1.5%

       K&G

(8.1%)

($29.7)

$336.2

(5.5%)

(5.9%)

(4.3%)

       MW Cleaners

6.5%

$1.8

$29.6











Corporate Apparel Segment

3.1%

$7.4

$246.8











Total Company

(0.6%)

($15.0)

$2,473.2











Net sales at core flagship brand Men's Wearhouse stores, which represented 62% of total fourth quarter sales were down 6.1% from last year's fourth quarter sales while comparable sales decreased 2.5%.  On a comparable basis decreases in clothing product average unit retails and average transactions per store more than offset a slight increase in units sold per transaction. The higher margin tuxedo rental revenues comparable store sales increased 1.9% in the fourth quarter of 2013. 

Moores, the Canadian retail brand, was 10% of the total fourth quarter sales and had a comparable sales decrease of 2.3% due mainly to a decrease in clothing product average unit retails which more than offset increases in average transactions per store and units sold per transaction.  K&G was 14% of the Company's total fourth quarter sales with a comparable sales decrease of 7.7% with lower average unit retails and average transactions per store that more than offset increased units sold per transaction.  The Corporate Apparel segment, which represented 11% of total fourth quarter sales, had a sales decrease of 2.7%. 

STORE INFORMATION


February 1, 2014

 February 2, 2013



Number of Stores

Sq. Ft.

(000's)

Number of Stores

Sq. Ft.

(000's)






Men's Wearhouse

661

3,774.3

638

3,650.0






Men's Wearhouse and Tux

248

344.0

288

395.1






Moores, Clothing for Men

121

769.3

120

763.5






K&G (a)

94

2,228.8

97

2,299.3






Total

1,124

7,116.4

1,143

7,107.9







(a) 

85 and 92 stores, respectively, offering women's apparel.

Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,124 stores.  The Men's Wearhouse, Moores and K&G stores carry a full selection of suits, sport coats, furnishings and accessories in exclusive and non-exclusive merchandise brands and Men's Wearhouse and Tux stores carry a limited selection.  Most K&G stores carry a full selection of women's apparel.  Tuxedo rentals are available in the Men's Wearhouse, Moores and Men's Wearhouse and Tux stores.  Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the United Kingdom.  Investors can find additional information at http://ir.menswearhouse.com/.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are not guarantees of future performance and a variety of factors could cause actual results to differ materially from the anticipated or expected results expressed in or suggested by these forward-looking statements.  These forward-looking statements may be significantly impacted by various factors, including, but not limited to: actions by governmental entities, domestic and international economic activity and inflation, success, or lack thereof, in executing our internal operating plans and new store and new market expansion plans, including successful integration of acquisitions, performance issues with key suppliers, disruption in buying trends due to homeland security concerns, severe weather, foreign currency fluctuations, government export and import policies, aggressive advertising or marketing activities of competitors; and legal proceedings. Future results will also be dependent upon our ability to continue to identify and complete successful expansions and penetrations into existing and new markets and our ability to integrate such expansions with our existing operations. 

These forward-looking statements are based upon management's current beliefs or expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies and third-party approvals, many of which are beyond our control.  The following factors, among others, could cause actual results to differ materially from those expressed or implied in the forward-looking statements:  (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Agreement and Plan of Merger by and among Men's Wearhouse, Inc.,  Java Corp. and Jos. A. Bank Clothiers, Inc., (2) the failure to consummate the acquisition of Jos. A. Bank for reasons including that the conditions to Men's Wearhouse's offer to purchase all outstanding shares of Jos. A. Bank's common stock, including the condition that a minimum number of shares be tendered and not withdrawn, are not satisfied or waived by Men's Wearhouse, (3) the possibility that the expected benefits from the proposed transaction will not be realized within the anticipated time period, (4) the risk that regulatory or other approvals required for the transaction are not obtained, (5) the risks related to the costs and difficulties related to the integration of Jos. A. Bank's business and operations with Men's Wearhouse's business and operations, (6) the inability to obtain, or delays in obtaining, cost savings and synergies from the transaction, (7) unexpected costs, charges or expenses resulting from the transaction, (8) litigation relating to the transaction, (9) the inability to retain key personnel and (10) the possible disruption that may be caused by the transaction to the business and operations of Men's Wearhouse and its relationships with customers, employees and other third parties.

The forward-looking statements in this press release speak only as of the date hereof. Men's Wearhouse undertakes no obligation to revise or update publicly any forward-looking statement, except as required by law.  Other factors that may impact the forward-looking statements are described in Men's Wearhouse's annual report on Form 10-K for the fiscal year ended February 2, 2013 and Forms 10-Q.  For additional information on Men's Wearhouse, please visit the Company's websites at www.menswearhouse.com, www.mooresclothing.com, www.kgstores.com, www.twinhill.com, www.dimensions.co.uk and www.alexandra.co.uk.



Contact:

Jon Kimmins, CFO

(510) 723-8639

Ken Dennard

Dennard - Lascar Associates

(832) 594-4004

[email protected]


THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)


FOR THE THREE MONTHS ENDED

February 1, 2014 and February 2, 2013

(In thousands, except per share data)











Three Months Ended


Variance



% of


% of




Basis


2013

Sales

2012

Sales


Dollar

%

Points










Net sales:









          Retail clothing product

$  419,130

74.77%

$  456,063

74.96%


$ (36,933)

(8.10%)

(0.19)

          Tuxedo rental services

43,504

7.76%

49,193

8.09%


(5,689)

(11.56%)

(0.32)

          Alteration and other services   

34,642

6.18%

38,172

6.27%


(3,530)

(9.25%)

(0.09)

               Total retail sales

497,276

88.71%

543,428

89.32%


(46,152)

(8.49%)

(0.60)

               Corporate apparel clothing product sales

63,276

11.29%

65,000

10.68%


(1,724)

(2.65%)

0.60

                    Total net sales

560,552

100.00%

608,428

100.00%


(47,876)

(7.87%)

0.00










                   Total cost of sales

351,758

62.75%

365,283

60.04%


(13,525)

(3.70%)

2.71










Gross margin (a):









        Retail clothing product

221,676

52.89%

249,160

54.63%


(27,484)

(11.03%)

(1.74)

        Tuxedo rental services

35,585

81.80%

41,371

84.10%


(5,786)

(13.99%)

(2.30)

        Alteration and other services

6,669

19.25%

8,032

21.04%


(1,363)

(16.97%)

(1.79)

        Occupancy costs

(73,375)

(14.76%)

(74,119)

(13.64%)


744

1.00%

(1.12)

               Total retail gross margin

190,555

38.32%

224,444

41.30%


(33,889)

(15.10%)

(2.98)

               Corporate apparel clothing product margin

18,239

28.82%

18,701

28.77%


(462)

(2.47%)

0.05

                   Total gross margin

208,794

37.25%

243,145

39.96%


(34,351)

(14.13%)

(2.71)










Asset impairment charges

2,034

0.36%

169

0.03%


1,865

1103.55%

0.34

Selling, general and administrative expenses

256,478

45.75%

249,454

41.00%


7,024

2.82%

4.75










Operating loss

(49,718)

(8.87%)

(6,478)

(1.06%)


(43,240)

667.49%

(7.80)










Net interest

(1,048)

(0.19%)

(90)

(0.01%)


(958)

1064.44%

(0.17)










Loss before income taxes

(50,766)

(9.06%)

(6,568)

(1.08%)


(44,198)

672.93%

(7.98)










Benefit for income taxes

(20,571)

(3.67%)

(3,412)

(0.56%)


(17,159)

502.90%

(3.11)










Net loss including non-controlling interest

(30,195)

(5.39%)

(3,156)

(0.52%)


(27,039)

856.75%

(4.87)










Net loss attributable to non-controlling interest

(252)

(0.04%)

(248)

(0.04%)


(4)

(1.61%)

0.00










Net loss attributable to common shareholders

$   (30,447)

(5.43%)

$     (3,404)

(0.56%)


$ (27,043)

794.45%

(4.87)










Net loss per diluted common share attributable to common shareholders

$       (0.64)


$       (0.07)















Weighted-average diluted common shares outstanding:

47,411


50,829
























(a) 

Gross margin percent of sales is calculated as a percentage of related sales.


THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)


FOR THE TWELVE MONTHS ENDED

February 1, 2014 and February 2, 2013

(In thousands, except per share data)











Twelve Months Ended


Variance



% of


% of




Basis


2013

Sales

2012

Sales


Dollar

%

Points










Net sales:









          Retail clothing product

$1,667,535

67.42%

$1,691,248

67.97%


$(23,713)

(1.40%)

(0.55)

          Tuxedo rental services

411,864

16.65%

406,454

16.33%


5,410

1.33%

0.32

          Alteration and other services   

147,023

5.94%

151,147

6.07%


(4,124)

(2.73%)

(0.13)

               Total retail sales

2,226,422

90.02%

2,248,849

90.38%


(22,427)

(1.00%)

(0.36)

               Corporate apparel clothing product sales

246,811

9.98%

239,429

9.62%


7,382

3.08%

0.36

                    Total net sales

2,473,233

100.00%

2,488,278

100.00%


(15,045)

(0.60%)

0.00










                    Total cost of sales

1,384,223

55.97%

1,380,130

55.47%


4,093

0.30%

0.50










Gross margin (a):









        Retail clothing product

925,578

55.51%

935,200

55.30%


(9,622)

(1.03%)

0.21

        Tuxedo rental services

347,556

84.39%

349,887

86.08%


(2,331)

(0.67%)

(1.70)

        Alteration and other services

33,294

22.65%

37,301

24.68%


(4,007)

(10.74%)

(2.03)

        Occupancy costs

(290,896)

(13.07%)

(283,382)

(12.60%)


(7,514)

2.65%

(0.46)

               Total retail gross margin

1,015,532

45.61%

1,039,006

46.20%


(23,474)

(2.26%)

(0.59)

               Corporate apparel clothing product margin

73,478

29.77%

69,142

28.88%


4,336

6.27%

0.89

                   Total gross margin

1,089,010

44.03%

1,108,148

44.53%


(19,138)

(1.73%)

(0.50)










Goodwill impairment charge

9,501

0.38%

-

0.00%


9,501

NM

0.38

Asset impairment charges

2,216

0.09%

482

0.02%


1,734

359.75%

0.07

Selling, general and administrative expenses

947,665

38.32%

909,098

36.54%


38,567

4.24%

1.78










Operating income

129,628

5.24%

198,568

7.98%


(68,940)

(34.72%)

(2.74)










Net interest

(2,820)

-0.11%

(896)

(0.04%)


(1,924)

214.73%

(0.08)










Earnings before income taxes

126,808

5.13%

197,672

7.94%


(70,864)

(35.85%)

(2.82)










Provision for income taxes

42,591

1.72%

65,609

2.64%


(23,018)

(35.08%)

(0.91)










Net earnings including non-controlling interest

84,217

3.41%

132,063

5.31%


(47,846)

(36.23%)

(1.90)










Net earnings attributable to non-controlling interest

(426)

(0.02%)

(347)

(0.01%)


(79)

(22.77%)

0.00










Net earnings attributable to common shareholders

$     83,791

3.39%

$  131,716

5.29%


$(47,925)

(36.39%)

(1.91)










Net earnings per diluted common share attributable to common shareholders

$         1.70


$        2.55















Weighted-average diluted common shares outstanding:

49,162


51,026















(a) 

Gross margin percent of sales is calculated as a percentage of related sales.


THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)








February 1,


February 2,



2014


2013






ASSETS









Current assets:





Cash and cash equivalents

$             59,252


$            156,063


Accounts receivable, net

63,153


63,010


Inventories

599,486


556,531


Other current assets

93,206


79,549







   Total current assets

815,097


855,153

Property and equipment, net

408,162


389,118

Tuxedo rental product, net

142,816


126,825

Goodwill

126,003


87,835

Intangible assets, net

58,027


32,442

Other assets

5,125


4,974







   Total assets

$         1,555,230


$         1,496,347






LIABILITIES AND EQUITY









Current liabilities:





Accounts payable

$           148,762


$            123,983


Accrued expenses and other current liabilities

175,797


164,344


Income taxes payable

730


5,856


Current maturities of long-term debt

10,000


-







   Total current liabilities

335,289


294,183






Long-term debt

87,500


-

Deferred taxes and other liabilities

109,292


92,929







   Total liabilities

532,081


387,112






Equity:





Preferred stock

-


-


Common stock

476


725


Capital in excess of par

412,043


386,254


Retained earnings

572,712


1,190,246


Accumulated other comprehensive income

27,311


36,924


Treasury stock, at cost

(3,407)


(517,894)







   Total equity attributable to common shareholders

1,009,135


1,096,255







Non-controlling interest

14,014


12,980







   Total equity

1,023,149


1,109,235







    Total liabilities and equity

$         1,555,230


$         1,496,347


THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


FOR THE TWELVE MONTHS ENDED

February 1, 2014 and February 2, 2013

(In thousands)








Twelve Months Ended



2013


2012






CASH FLOWS FROM OPERATING ACTIVITIES:










Net earnings including non-controlling interest

$          84,217


$         132,063


Non-cash adjustments to net earnings:





   Depreciation and amortization

88,749


84,979


   Tuxedo rental product amortization

32,266


28,315


Goodwill impairment charge

9,501


-


   Other

22,505


22,168


Changes in operating assets and liabilities

(48,308)


(41,795)







        Net cash provided by operating activities

188,930


225,730






CASH FLOWS FROM INVESTING ACTIVITIES:





Capital expenditures

(108,200)


(121,433)


Acquisition of business, net of cash

(94,906)


-


Proceeds from sales of property and equipment

4,127


33


Investment in trademark, tradenames and other assets

-


(2,075)







        Net cash used in investing activities

(198,979)


(123,475)






CASH FLOWS FROM FINANCING ACTIVITIES:





Proceeds from issuance of common stock

10,739


8,457


Proceeds from term loan

100,000


-


Payments of term loan

(2,500)


-


Deferred financing costs

(1,776)


-


Cash dividends paid

(35,549)


(37,084)


Tax payments related to vested deferred stock units

(3,865)


(4,421)


Excess tax benefits from share-based plans

2,145


2,997


Repurchases of common stock

(152,129)


(41,296)







        Net cash used in financing activities

(82,935)


(71,347)







Effect of exchange rate changes

(3,827)


(151)






(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

(96,811)


30,757







Balance at beginning of period

156,063


125,306


Balance at end of period

$           59,252


$         156,063

SOURCE Men's Wearhouse, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Among the proven benefits, DevOps is corr...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and high availability solutions, leveraging the cloud and the benefits of Infrastructure-as-a-Service (IaaS...
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare to be blown away with a glimpse of the future.
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the cloud and the best price/performance value available. ProfitBricks was named one of the coolest Clo...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are rapidly redefining traditional integration approaches and their reliance on proprietary connectors. ...
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context wi...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fillin...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at the same time reduce Time to Market (TTM) by using plug and play capabilities offered by a robust IoT ...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
SYS-CON Events announced today that BMC 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. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust IT industrialization – allowing customers to provide amazing user experiences with optimized IT per...
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.