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CACI Reports Solid Fiscal 2009 Third Quarter Results

Diluted earnings per share grew 5.7 percent to $0.77; up 11.7 percent year-to-date

Revenue grew 6.3 percent to a record $674.0 million; up 13.4 percent year-to-date

Organic revenue grew by 5.5 percent; up 10.3 percent last twelve months

Operating cash flow grew 27.7 percent to $80.1 million; up 20.2 percent year-to-date

Contract funding orders grew 5.2 percent to $743.3 million; up 19.5 percent year-to-date

Funded backlog grew 14 percent to $1.6 billion

Annual earnings guidance range narrowed and revised upwards

ARLINGTON, Va., April 29 /PRNewswire-FirstCall/ -- CACI International Inc (NYSE: CAI), a leading professional services and information technology solutions provider to the federal government, announced results today for its third fiscal quarter and nine months ended March 31, 2009. CACI provides innovative solutions to meet America's needs in national defense, intelligence, homeland security, and the improvement of government services, and is a leading strategic consolidator in its market space.

Third Quarter Results

For the third quarter of Fiscal Year 2009 (FY09), we reported record revenue of $674.0 million, up 6.3 percent over third quarter of Fiscal Year 2008 (FY08) revenue of $634.2 million. The increase in revenue during the quarter was driven by organic growth of 5.5 percent. Organic growth for federal government revenue in the quarter was 6.7 percent. Operating income for the quarter was $45.0 million, up 3.5 percent compared with operating income of $43.5 million in the year earlier quarter. The operating margin was 6.7 percent compared with 6.9 percent in the third quarter of FY08. Income before taxes for the quarter was $39.7 million, 8.2 percent higher than what was reported in the third quarter of FY08. Our effective tax rate increased to 41.0 percent from 39.3 percent in the year earlier quarter. During the third quarter of FY09, our effective tax rate continued to be negatively impacted by non-deductible losses on assets invested in our deferred compensation plan. Net income for the third quarter was $23.4 million, up 5.1 percent compared with $22.3 million for the third quarter of FY08. Diluted earnings per share were $0.77, up 5.7 percent, compared with $0.73 per diluted share in the year earlier quarter. Cash generated by operations was $80.1 million, up 27.7 percent compared with $62.8 million in the year earlier quarter. Days sales outstanding at the end of the quarter were 61 compared with 67 days at the end of the third quarter of FY08. Earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure, were $56.7 million in the quarter compared with EBITDA of $55.8 million in the third quarter of FY08.

Third Quarter Highlights

Major highlights and accomplishments during the third quarter of FY09 include:

  • Contract funding orders totaling $743.3 million, a 5.2 percent increase over the third quarter of FY08. Funded backlog of approximately $1.6 billion, a 14 percent increase over the third quarter of FY08.
  • Contract funding orders for the first nine months of FY09 totaled $2.2 billion, an increase of 19.5 percent over the $1.9 billion received in the first nine months of FY08.
  • Contract awards with an estimated value of $768 million including:
    • A prime position on the General Service Administration's (GSA) ten-year, multiple award Alliant program with an initial estimated value to CACI of $350 million. This follow-on award to the GSA's ANSWER and Millennia contracts positions us to increase our business throughout the federal government.
    • Awards on the Strategic Services Sourcing (S3) contract vehicle with the Army totaling $240 million. Since March 2006, we have been awarded over $1.8 billion in task orders on this vehicle in support of the Army's C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) needs.
    • A five-year, $50 million prime contract to continue our acquisition, financial, and program management assistance to the Defense Advanced Research Projects Agency (DARPA). CACI's work enables DARPA scientists and researchers to focus their critical skills on direct support for national defense.
    • A five-year, $31 million prime contract under the Defense Information Systems Agency ENCORE II contract vehicle to continue management and technical support for the Acquisition Technology and Logistics component in the DoD's Office of the Undersecretary of Defense.
  • Additional major awards not included in the $768 million total above:
    • A prime position to support the five-year, multiple award United States Strategic Command Systems and Mission Support II (USAMS II) program, with an overall ceiling value of $900 million. This new award expands our program management and systems engineering and technical assistance (PM SETA) functional core competency in support of the program's cyber and intelligence, surveillance, and reconnaissance missions.
    • A prime position on the U.S. Army's five-year, multiple award Biometrics Operations and Support Services -- Unrestricted (BOSS-U) contract with an estimated ceiling value of $500 million. This new award positions us to support the Army's Biometrics Task Force across a broad spectrum of functional areas.
    • A prime position on the Army's ten-year, multiple award Program Executive Office for Simulation, Training and Instrumentation Omnibus Contract II (PEO STOC II) contract vehicle with an overall ceiling value of $17.5 billion. This new award positions us to significantly increase the size and scope of our modeling and simulation work throughout the Department of Defense (DoD) and will draw upon solutions developed through our C4ISR core competency.
  • Contract awards for the first nine months of FY09 with an estimated total value of $2.6 billion, an increase of 16.2 percent over the first nine months of FY08.
  • Intelligence Community revenue eight percent higher than the third quarter of FY08, representing 37 percent of our revenue for the quarter compared to 36 percent a year ago. Intelligence revenue for the first nine months of FY09 grew 26 percent, representing 38 percent of year-to-date revenue compared to 34 percent a year ago.
  • CACI being named by Fortune Magazine as the Most Admired Company in Virginia and placed among Fortune's Top 5 Most Admired IT Companies worldwide. The Most Admired list is the definitive report card on corporate reputations.
  • CACI Chief Technology Officer Deb Dunie being selected to chair the Technical Committee for the Armed Forces Communications and Electronics Association. Her responsibilities include developing more interactive discussion forums and advancing government and industry dialogue on issues of national importance.

CEO Commentary

Commenting on the results, Paul Cofoni, CACI's President and CEO, said, "We are very pleased with our record third quarter results: revenue, net income, earnings per share, operating cash flow, and contract funding orders. Our U.S. Operations turned in another solid quarter, and our United Kingdom operations grew revenue and earnings sequentially. Our positive performance through the first three quarters of the fiscal year validates our fundamental strategy of focusing our services and solutions on the key areas of defense, intelligence, and homeland security. We expect the government to continue to rely on the valuable and proven contributions of contractors in these areas to counter the very real and dangerous external threats that still face our nation.

"Throughout our history, we have consistently positioned ourselves with high-value solutions in areas requiring the highest levels of thought leadership and IT and professional services capability. These are areas that demand the very best services and solutions. CACI's strategy is to provide customers with the best solutions while assuring American citizens of the most effective use of their hard-earned dollars. Our solutions are aligned with the administration's focus on cyber security, smart power, and IT modernization, where we expect our services to remain in high demand. The Intelligence Community is another well-funded and high-demand / high-value area that continues to provide opportunities for CACI. We are particularly proud of our ISR and document exploitation capabilities, which bring critical value to our clients.

"Over our 47-year history, we've grown with every administration and adjusted to market changes with new solutions that meet client requirements while enhancing shareholder value. Our forward indicators are strong, we are winning Tier 1 contracts at a record rate, and have a robust pipeline of opportunities. Our balance sheet, backlog, and cash flow are rock solid. CACI leads in our markets, brings value to our clients, delivers on our commitments, and builds long-term shareholder trust and value."

Nine Months FY09 Results

For the first nine months of FY09, we reported record revenue of $2.00 billion, up 13.4 percent over the first nine months of FY08 revenue of $1.77 billion. Operating income in the first nine months of FY09 was $131.5 million, up 12.9 percent, compared with $116.5 million reported in the first nine months of FY08. The operating margin was 6.6 percent for the first nine months of FY09, the same as in the year earlier period. Income before taxes for the first nine months of FY09 was $114.4 million, 17.0 percent higher than what was reported in the first nine months of FY08. The effective tax rate for the first nine months of FY09 was 41.9 percent versus 38.9 percent in the year earlier period. Net income for the first nine months of FY09 was $66.5 million, up 11.3 percent, compared with net income of $59.8 million for the first nine months of FY08. Diluted earnings per share were $2.18, up 11.7 percent, compared with $1.96 per diluted share in the year earlier period. Operating cash flow for the first nine months of FY09 was $94.5 million, up 20.2 percent, compared with $78.6 million for the similar period in FY08. EBITDA for the first nine months was $166.7 million, an increase of 9.8 percent over EBITDA of $151.8 million in the first nine months of FY08.

CACI Revises its FY09 Earnings Guidance Range Upwards

We are raising the lower end of the range of our Fiscal Year 2009 earnings guidance. The table below summarizes the guidance ranges for FY09:

    (In millions, except for earnings per share)    Fiscal Year 2009
    Revenue                                         $2,650 - $2,750
    Net income                                       $90.0 - $93.0
    Diluted earnings per share                       $2.95 - $3.05
    Diluted weighted average shares                      30.5


We are raising the lower end of the ranges of our net income and diluted earnings per share guidance as a result of stronger third quarter sales for our United Kingdom subsidiary and an estimated lower full year tax rate of 42 percent. This guidance does not include any contributions from future acquisitions.

This guidance represents our views as of April 29, 2009. Investors are reminded that actual results may differ from these estimates for the reasons described in this release and in our filings with the Securities and Exchange Commission.

Conference Call Information

We have scheduled a conference call for 8:30 AM Eastern Time Thursday, April 30th, during which members of our senior management team will be making a brief presentation focusing on third quarter results and operating trends followed by a question-and-answer session. You can listen to the conference call and view the accompanying exhibits over the Internet by logging on to our homepage, www.caci.com, at the scheduled time, or you may dial 1-877-741-4244 and enter the confirmation code 1040812. A replay of the call will also be available over the Internet beginning at 1:00 PM Eastern Time Thursday, April 30th, and can be accessed through our homepage (www.caci.com) by clicking on the CACI Investor Info button.

About CACI

CACI International Inc provides the professional services and IT solutions needed to prevail in today's defense, intelligence, homeland security, and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; cyber security, information assurance, and information operations; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. We add value to our clients' operations, increase their skills and capabilities, and enhance their missions. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 12,300 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at www.caci.com and www.asymmetricthreat.net.

There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from a prolonged recession; terrorist activities or war; changes in interest rates; currency fluctuations; significant fluctuations in the equity markets; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism, rebuilding Iraq or an economic stimulus package; government contract procurement (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; the results of government audits and reviews conducted by the Defense Contract Audit Agency or other governmental entity with cognizant oversight; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); market speculation regarding our continued independence; material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration, and (iv) accounting for convertible debt instruments; our own ability to achieve the objectives of near term or long range business plans; and other risks described in our Securities and Exchange Commission filings.

    Corporate Communications and Media:
    Jody Brown, Executive Vice President, Public Relations
    (703) 841-7801, [email protected]

    Investor Relations:
    David Dragics, Senior Vice President, Investor Relations
    (866) 606-3471, [email protected]

                          Selected Financial Data

    CACI International Inc
    Condensed Consolidated Statements of Operations (Unaudited)
    (Amounts in thousands, except per share amounts)


                          Quarter Ended              Nine Months Ended

                 3/31/2009 3/31/2008 % Change  3/31/2009  3/31/2008 % Change
    Revenue       $673,994  $634,157     6.3% $2,001,261 $1,765,521    13.4%
    Costs of
     revenue
      Direct
       costs       461,757   424,946     8.7%  1,366,790  1,183,771    15.5%
      Indirect
       costs and
       selling
       expenses    155,445   153,406     1.3%    467,297    429,898     8.7%
      Depreciation
       and
       amortization 11,818    12,334    -4.2%     35,633     35,389     0.7%
    Total costs
     of revenue    629,020   590,686     6.5%  1,869,720  1,649,058    13.4%
    Operating
     income         44,974    43,471     3.5%    131,541    116,463    12.9%
    Interest
     expense
     and other,
     net             5,241     6,751   -22.4%     17,103     18,641    -8.3%
    Income
     before
     income taxes   39,733    36,720     8.2%    114,438     97,822    17.0%
    Income taxes    16,301    14,428    13.0%     47,923     38,048    26.0%
    Net income     $23,432   $22,292     5.1%    $66,515    $59,774    11.3%

    Basic
     earnings
     per share       $0.78     $0.74     5.6%      $2.22      $1.99    11.5%
    Diluted
     earnings
     per share       $0.77     $0.73     5.7%      $2.18      $1.96    11.7%

    Weighted
     average
     shares
     used in
     per share
     computations:
      Basic         29,939    30,076              29,979     30,034
      Diluted       30,410    30,587              30,446     30,562


                  Statement of Operations Data (Unaudited)
                               Quarter Ended     Nine Months Ended
                           3/31/2009 3/31/2008  3/31/2009 3/31/2008

    Operating income margin     6.7%     6.9%      6.6%      6.6%
    Tax rate                   41.0%    39.3%     41.9%     38.9%
    Net income margin           3.5%     3.5%      3.3%      3.4%

    EBITDA*                  $56,684  $55,834  $166,687  $151,778
    EBITDA Margin               8.4%     8.8%      8.3%      8.6%

    *See Reconciliation of Net Income and Earnings before Interest,
     Taxes, Depreciation and Amortization on page 9.



                 Selected Financial Data (Continued)

    CACI International Inc
    Condensed Consolidated Balance Sheets (Unaudited)
    (Amounts in thousands)

                                              3/31/2009         6/30/2008
    ASSETS:
    Current assets
       Cash and cash equivalents               $174,307          $120,396
       Accounts receivable, net                 460,433           441,732
       Prepaid expenses and other
        current assets                           40,895            40,697
    Total current assets                        675,635           602,825

    Goodwill and intangible assets, net       1,169,861         1,193,500
    Property and equipment, net                  28,249            25,361
    Other long-term assets                       62,498            80,967
    Total assets                             $1,936,243        $1,902,653

    LIABILITIES AND SHAREHOLDERS' EQUITY:
    Current liabilities
       Current portion of long-term debt         $3,500            $3,549
       Accounts payable                          82,878            74,175
       Accrued compensation and benefits        124,859           126,649
       Other accrued expenses and current
        liabilities                              76,634            85,897
    Total current liabilities                   287,871           290,270

    Long-term debt, net of current portion      633,643           639,074
    Other long-term liabilities                  56,021            55,424
    Total liabilities                           977,535           984,768

    Shareholders' equity                        958,708           917,885
    Total liabilities and shareholders'
     equity                                  $1,936,243        $1,902,653



                        Selected Financial Data (Continued)

    CACI International Inc
    Condensed Consolidated Statements of Cash Flows (Unaudited)
    (Amounts in thousands)

                                                   Nine Months Ended
                                              3/31/2009         3/31/2008
    CASH FLOWS FROM OPERATING ACTIVITIES:
    Net income                                  $66,515           $59,774
    Reconciliation of net income to net
     cash provided by operating activities:
       Depreciation and amortization             35,633            35,389
       Amortization of deferred financing costs   1,897             1,845
       Stock-based compensation expense          13,084            13,684
       Deferred income tax expense               12,239             3,657
    Changes in operating assets and liabilities,
     net of effect of business acquisitions:
       Accounts receivable, net                 (31,045)          (61,809)
       Prepaid expenses and other current
        assets                                    3,133            (1,328)
       Accounts payable and accrued expenses      4,554            14,043
       Accrued compensation and benefits         (6,208)           11,598
       Income taxes receivable and payable         (325)           (1,056)
       Other liabilities                         (5,027)            2,758
    Net cash provided by operating activities    94,450            78,555

    CASH FLOWS FROM INVESTING ACTIVITIES:
    Capital expenditures                         (9,080)          (10,289)
    Purchases of businesses, net of cash
     acquired                                    (8,787)         (303,305)
    Other                                           502               161
    Net cash used in investing activities       (17,365)         (313,433)

    CASH FLOWS FROM FINANCING ACTIVITIES:
    Net payments under credit facilities         (3,672)           (2,464)
    Proceeds from employee stock purchase plans   4,668             3,300
    Proceeds from exercise of stock options       2,069             1,988
    Purchases of common stock                   (22,798)             (975)
    Other                                        (1,123)             (270)
    Net cash (used in) provided by
     financing activities                       (20,856)            1,579
    Effect of exchange rate changes
     on cash and cash equivalents                (2,318)             (113)
    Net increase (decrease) in cash and
     cash equivalents                            53,911          (233,412)
    Cash and cash equivalents, beginning
     of period                                  120,396           285,682
    Cash and cash equivalents, end
     of period                                 $174,307           $52,270



                    Selected Financial Data (Continued)

                    Revenue by Customer Type (Unaudited)

    (dollars in                Quarter Ended
     thousands)       3/31/2009            3/31/2008      $ Change  % Change

    Department
     of Defense   $514,713   76.4%    $474,903     74.9%   $39,810      8.4%
    Federal
     Civilian
     Agencies      133,568   19.8%     129,404     20.4%     4,164      3.2%
    Commercial      20,860    3.1%      25,550      4.0%    (4,690)   -18.4%
    State and
     Local
     Governments     4,853    0.7%       4,300      0.7%       553     12.9%
    Total         $673,994  100.0%    $634,157    100.0%   $39,837      6.3%


    (dollars in               Nine Months Ended
     thousands)       3/31/2009            3/31/2008      $ Change  % Change

    Department
     of Defense $1,514,421   75.7%  $1,311,052     74.3%  $203,369     15.5%
    Federal
     Civilian
     Agencies      405,119   20.2%     363,711     20.6%    41,408     11.4%
    Commercial      66,375    3.3%      76,738      4.3%   (10,363)   -13.5%
    State and
     Local
     Governments    15,346    0.8%      14,020      0.8%     1,326      9.5%
    Total       $2,001,261  100.0%  $1,765,521    100.0%  $235,740     13.4%



                     Revenue by Contract Type (Unaudited)

    (dollars in                Quarter Ended
     thousands)       3/31/2009           3/31/2008       $ Change  % Change

    Time and
     materials    $316,998   47.0%    $314,201     49.5%    $2,797      0.9%
    Cost
     reimbursable  221,792   32.9%     181,775     28.7%    40,017     22.0%
    Fixed price    135,204   20.1%     138,181     21.8%    (2,977)    -2.2%
    Total         $673,994  100.0%    $634,157    100.0%   $39,837      6.3%


    (dollars in             Nine Months Ended
     thousands)      3/31/2009             3/31/2008      $ Change  % Change

    Time and
     materials    $966,314   48.3%    $904,973     51.3%   $61,341      6.8%
    Cost
     reimbursable  629,028   31.4%     482,609     27.3%   146,419     30.3%
    Fixed price    405,919   20.3%     377,939     21.4%    27,980      7.4%
    Total       $2,001,261  100.0%  $1,765,521    100.0%  $235,740     13.4%



            Revenue Received as a Prime versus Subcontractor (Unaudited)

    (dollars in                Quarter Ended
     thousands)      3/31/2009             3/31/2008      $ Change  % Change

    Prime         $558,698   82.9%    $516,273     81.4%   $42,425      8.2%
    Subcontractor  115,296   17.1%     117,884     18.6%    (2,588)    -2.2%
    Total         $673,994  100.0%    $634,157    100.0%   $39,837      6.3%


    (dollars in              Nine Months Ended
     thousands)       3/31/2009            3/31/2008      $ Change  % Change

    Prime       $1,653,623   82.6%  $1,446,711     81.9%  $206,912     14.3%
    Subcontractor  347,638   17.4%     318,810     18.1%    28,828      9.0%
    Total       $2,001,261  100.0%  $1,765,521    100.0%  $235,740     13.4%



                      Selected Financial Data (Continued)

                  Contract Funding Orders Received (Unaudited)
                                    Quarter Ended
    (dollars in thousands)     3/31/2009     3/31/2008  $ Change  % Change
    Contract Funding Orders     $743,329      $706,287   $37,042      5.2%

                                  Nine Months Ended
    (dollars in thousands)     3/31/2009     3/31/2008  $ Change  % Change
    Contract Funding Orders   $2,224,866    $1,861,575  $363,291     19.5%



       Reconciliation of Total Revenue Growth and Organic Revenue Growth
                              (Unaudited)

    We are presenting organic revenue growth to reflect the effect of
    acquisitions on total revenue growth.  Revenue generated from the date a
    business is acquired through the first anniversary of that date is
    considered acquired revenue growth.  All remaining revenue growth is
    considered organic.  We believe that this non-GAAP financial measure
    provides investors with useful information to evaluate the growth rate of
    our core business.  This non-GAAP measure should not be considered in
    isolation or as a substitute for performance measures prepared in
    accordance with GAAP.


    (dollars in           Quarter Ended              Twelve Months Ended
     thousands)  3/31/2009 3/31/2008  % Change 3/31/2009 3/31/2008  % Change
    Revenue,
     as reported $673,994   $634,157   6.3%   $2,656,277  $2,285,906  16.2%
    Less:
     Acquired
      revenue       5,194                        133,865
    Organic
     revenue     $668,800   $634,157   5.5%   $2,522,412  $2,285,906  10.3%



          Reconciliation of Net Income and Earnings before Interest, Taxes,
                     Depreciation and Amortization (EBITDA)
                             (Unaudited)

    EBITDA, a measure used by management to evaluate operating performance, is
    defined by us as GAAP net income plus net interest expense, income taxes,
    and depreciation and amortization.  We believe that this non-GAAP measure
    is a valuable indicator of our operating performance.  EBITDA is a
    commonly used non-GAAP measure when comparing our results with those of
    other companies, but EBITDA as defined by us may not be computed in the
    same manner as similarly titled measures used by other companies.  The
    EBITDA margin is EBITDA divided by revenue.  These non-GAAP measures
    should not be considered in isolation or as a substitute for performance
    measures prepared in accordance with GAAP.


    (dollars in           Quarter Ended                 Nine Months Ended
     thousands)   3/31/2009 3/31/2008  % Change 3/31/2009  3/31/2008  % Change
    Net Income,
     as reported   $23,432   $22,292      5.1%    $66,515    $59,774    11.3%
    Plus:
      Income taxes  16,301    14,428     13.0%     47,923     38,048    26.0%
      Interest
       income and
       expense, net  5,133     6,780    -24.3%     16,616     18,567   -10.5%
      Depreciation
       and
       amortization 11,818    12,334     -4.2%     35,633     35,389     0.7%
    EBITDA         $56,684   $55,834      1.5%   $166,687   $151,778     9.8%


    (dollars in           Quarter Ended              Nine Months Ended
     thousands)  3/31/2009 3/31/2008  % Change  3/31/2009 3/31/2008  % Change
    Revenue,
     as reported  $673,994  $634,157      6.3% $2,001,261 $1,765,521    13.4%
    EBITDA         $56,684   $55,834      1.5%   $166,687   $151,778     9.8%
    EBITDA margin     8.4%      8.8%                 8.3%       8.6%



SOURCE CACI International Inc

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In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
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Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...