Welcome!

Wireless Authors: Pat Romanski, Liz McMillan, Liz Dickinson, Peter Silva, Carmen Gonzalez

News Feed Item

Bouygues: Nine-month 2012 Results

PARIS, November 14, 2012 /PRNewswire/ --

  • Sales: €24.6 billion (+4%)
  • Net profit: €564 million (-29%), impacted by Bouygues Telecom
  • Construction businesses' order book at a high level, up 10% at €26.9 billion
  • Alstom's performances validates its roadmap
  • Sales target revised upwards to €33.2 billion

The Bouygues group reported a 4% increase in consolidated sales in the first nine months of 2012 to €24.6 billion (up 1% like-for-like and at constant exchange rates).

Current operating profit amounted to €954 million, down 29% on the first nine months of 2011, and operating profit fell 38% to €859 million after the inclusion of non-recurring charges related to adaptation plans at Bouygues Telecom and TF1. Net profit was also down 29% at €564 million. In keeping with the half-year trend, these results are mainly due to the lower profitability at Bouygues Telecom.

The financial structure is sound, with net debt under tight control.

Key figures

 
    (EUR million)
                                       9-month 2011   9-month 2012       Change
 
    Sales                                    23,719         24,597          +4%
  
    Current operating profit                  1,338            954         -29%
    Operating profit                       1,376[1]         859[2]         -38%
    Net profit attributable to the 
    Group                                       794            564         -29%
 
    Net debt[3]                               3,808       5,832[4]   +EUR2,024m
    Net gearing[3]                              36%            61%      +25 pts


[1]Including €38 million of non-current income relating to an asset disposal at Bouygues Telecom

[2]Including €95 million linked to the cost of the adaptation plans at Bouygues Telecom and TF1

[3]End of period

[4]Net debt of €3,639 million before factoring in two one-off events: the share repurchase tender offer (€1,250 million) and the purchase of
4G frequencies (€943 million)

Business areas

In keeping with the first-half trend, the construction businesses posted good commercial performances. The order book stood at €26.9 billion, 10% higher than at end-September 2011, giving good visibility on future business activity.

Bouygues Construction reported nine-month sales of €7,748 million, up 9% overall (up 6% in France and 13% on international markets) and 4% like-for-like and at constant exchange rates. The current operating margin was a robust 3.4% and net profit amounted to €174 million, up 9%.

Order intake was very high, both in France and in international markets, growing 8% to reach €9 billion. The order book stood at €17 billion, 12% higher than at end-September 2011, with international markets accounting for 45%.

Bouygues Immobilier reported a 5% increase in sales to €1,631 million for the first nine months of 2012 (up 8% in residential property, down 16% in commercial property). The operating margin stood at 7.5%, reflecting early adjustment measures in response to lower residential property reservations in a contracting French market. Net profit amounted to €75 million.

In an unfavourable economic and tax environment, residential property reservations reflected the wait-and-see stance on the property market and a fall in buy-to-let investment. Reservations were 32% lower than in the first nine months of 2011 at €1,040 million. Commercial property reservations stood at a good level, up 6% to €358 million despite a sluggish market.

Sustained by the commercial property segment, the order book rose 9% in comparison with end-September 2011 to €2,879 million, offering good visibility and representing 14 months of sales.

Colas reported sales of €9,670 million, an increase of 5% overall (up 1% in France and 12% on international markets) and 3% like-for-like and at constant exchange rates. Current operating profit fell €38 million to €236 million, affected by delays in contract execution due to poor weather conditions in mainland France in the first half of 2012 and lower profitability on the sale of refined oil products. The cost of raw materials used in the refining activity has risen sharply and could only be partially passed on to customers.

Net profit amounted to €178 million, €31 million less than in the first nine months of 2011.

The order book grew 5% to €7 billion versus end-September 2011.

TF1 has launched the second phase of its optimisation plan

TF1 reported a 1% rise in sales to €1,853 million. The fall in advertising revenue was offset by the growth of diversification activities, up 6% on the first nine months of 2011, but continued to affect current operating profit, which stood at €154 million, down €41 million. TF1 has launched the second phase of its optimisation plan, designed to make its business model more flexible and to continue cutting costs. The plan aims to generate recurring cost savings of €85 million by end-2014. A non-recurring €25-million charge related to this plan was booked in the third quarter of 2012. Nine-month 2012 operating profit amounted to €129 million and net profit to €87 million, €38 million lower than in the first nine months of 2011.

Bouygues Telecom confirms its 2012 targets and is continuing its adaptation plan

Bouygues Telecom reported an 8% drop in nine-month 2012 sales to €3,951 million and sales from network dropped 8% to €3,518 million. As expected, mobile sales from network continued to decline in the third quarter, while sales in the fixed broadband segment showed strong growth.

EBITDA stood at €807 million, €228 million lower than in the first nine months of 2011, in line with the full-year target of €900 million. Current operating profit amounted to €206 million, reflecting the drop in EBITDA as well as the increase in amortisation expense and provisions. Operating profit for the first nine months of 2012, at €136 million, included a €70-million non-recurring charge related to the adaptation plan, booked in the third quarter. Net profit amounted to €76 million.

The €300-million adaptation and savings plan is being gradually rolled out and is expected to have a full impact in 2013. The voluntary redundancy plan concerning 556 employees is currently under way.

In keeping with the trend of the second quarter, Bouygues Telecom improved its commercial performance in the mobile segment. It acquired 178,000 new mobile customers, with a net gain of 11,000 customers, excluding the impact of integrating Darty Telecom and Simyo. 188,000 new plan customers joined Bouygues Telecom in the third quarter of 2012, including 64,000 Darty Telecom customers.

B&YOU continued to grow, with a total of 625,000 customers at end-September 2012.

Finally, Bouygues Telecom continued to expand on the fixed broadband market, with 359,000 net additions in the third quarter and 77,000 new customers excluding the impact of integrating Darty Telecom. This gave a base of 1.8 million customers[1] at 30 September 2012, up 57% compared with 30 September 2011.

[1]Includes broadband and very-high-speed broadband subscribers. Customers gained following the acquisition of Darty Telecom,

effective as of 24 July 2012, are included in Q3 2012 financial statements.

Alstom's performances validates its roadmap

As announced, Alstom contributed €181 million to the Group's net profit in the first nine months of 2012, compared with €134 million in the first nine months of 2011.

Order intake grew robustly by 19% to €12.1 billion in the first half of FY2012/13. The order book at end-September stood at €52 billion, representing 31 months' sales.

Alstom confirmed that it expects sales to grow by more than 5% per year for the current fiscal year and the next two fiscal years, matched by a steady improvement in the operating margin to around 8% by March 2015. Free cash flow is expected to be positive in each of the next three fiscal years.

Following Alstom's €350-million capital increase, via a private placement, on 4 October 2012, Bouygues' stake in Alstom has fallen to 29.4% from 30.7% on 30 September 2012.

Under IFRS, this event triggers a dilution loss of €53 million, which will be recognised as a non-current operating charge in the fourth quarter of 2012.

Financial position

A €109-million increase in free cash flow[1] in the construction businesses partly offset the €241-million[2] drop in free cash flow at Bouygues Telecom. Overall, the Group's free cash flow in the first nine months of the year amounted to €713 million[2], €173 million less than in the same period of 2011.

Net debt amounted to €5.8 billion at end-September 2012. This represents an improvement of €169 million in comparison with end-September 2011, before factoring in the purchase of two blocks of 4G frequencies (€943 million) and the share repurchase tender offer (€1,250 million).

The Group launched a €700-million bond issue in October 2012, redeemable in 2023. The Group has a high level of liquidity (€7.3 billion) and an evenly-spread redemption schedule.

[1]Before the change in working capital requirement

[2]Before investment in 4G frequencies in the first nine months of 2012 (acquisition cost and capitalised interest)

Significant events since 30 June 2012

  • 3 July 2012: Bouygues Telecom announces a voluntary redundancy plan concerning 556 jobs.
  • 3 July 2012: Bouygues Bâtiment International, a Bouygues Construction subsidiary, takes 100% ownership of Leadbitter.
  • 5 July 2012: TF1 signs the agreement for its new HD1 channel with the French broadcasting authority, CSA.
  • 28 August 2012: Bouygues Telecom and Darty announce the launch of Bouygues Telecom Edition Darty offers, sold exclusively in Darty's 226 stores.
  • 6 September 2012: B&YOU launches the only prepaid card without an expiry date and with the market's lowest prepaid rates for calls, SMS and mobile internet in mainland France.
  • 20 September 2012: Launch of the Campus Val de Bièvre project, designed and developed by Bouygues Immobilier under its Rehagreen® initiative.
  • 23 October 2012: Colas announces a project to reorganise its roads business in mainland France around seven regional subsidiaries, all under the Colas name.
  • 25 October 2012: Colas Rail, in a consortium, wins an €85-million contract to extend Line 1 of the Algiers metro.
  • 30 October 2012: Bouygues Construction, in a consortium, wins a €110-million contract to build several sports facilities in Canada.
  • 6 November 2012: B&YOU launches new ground-breaking offers on the low-cost mobile market.

2012 sales target and outlook

On the basis of the situation at 30 September, the 2012 sales target has been revised upwards from €32.8 billion to €33.2 billion, 2% higher than in 2011.

    Sales
 
    by business area
                                              2012 target

    (EUR million)         2011    Reported   Reported    Reported      Reported   % change
                                  in March     in May   in August   in November
                                                      
    Bouygues
    Construction           9,802    10,000    10,100       10,200       10,400         +6%
    Bouygues Immobilier    2,465     2,450     2,450        2,450        2,450          =
    Colas                 12,412    12,500    12,700       12,700       12,900         +4%
    TF1                    2,620     2,620     2,620        2,620        2,620          =
    Bouygues Telecom       5,741     5,140     5,140        5,180        5,200         -9%
    Holding company and
    other                    120       120       120          120          120          nm
 
    Intra-Group
    elimination            (454)     (480)     (480)        (470)        (490)          nm
 
    TOTAL                 32,706    32,350    32,650       32,800       33,200         +2%
    o/w France            22,601    22,050    21,950       22,050       22,300         -1%
    o/w international     10,105    10,300    10,700       10,750       10,900         +8%


The amended 2012 Budget Act and the 2013 Budget Act should result in higher taxes and charges of around €70 million in 2012 and about a further €10 million in 2013.

Financial calendar:

27 February 2013: full-year 2012 results

7.00 am: press release

9.00 am: press conference

11.00 am: analysts' meeting


The financial statements have been subject to a limited review by the statutory auditors and the corresponding report has been issued.

You will find the full financial statements and notes to the financial statements on http://www.bouygues.com.



http://www.bouygues.com

 
                       
    Condensed consolidated
    income statement                         9-month         % change
    (EUR million)                       
                                         2011       2012                   
                                          
    Sales                              23,719     24,597          +4%
 
    Current operating profit            1,338        954         -29%
 
    Other operating income and
    expenses                            38[1]    (95)[2]           nm
 
    Operating profit                    1,376        859         -38%
 
    Cost of net debt                    (205)      (212)          +3%
     
    Other financial income and
    expenses                              (1)          8           nm
 
    Income tax expense                  (395)       (232)        -41%
 
    Share of profits and losses from
    associates                            143        210         +47%
 
    Net profit                            918        633         -31%
 
    Minority interests                  (124)       (69)         -44%
 
    Net profit attributable to the
    Group                                 794        564         -29%


[1]Non-current income relating to an asset disposal at Bouygues Telecom

[2]Cost of the adaptation plans at Bouygues Telecom (for €70 million) and TF1 (for €25 million)

        
    Third-quarter consolidated                 
    income statement                     Third-quarter        
    (EUR million)                        2011      2012     % change
 
    Sales                               8,505     9,092          +7%
 
    Current operating profit              586       478         -18%
 
    Operating profit                   624[1]    383[2]         -39%
 
    Net profit attributable to the
    Group                                 403       286         -29%


[1]Including €38 million of non-current income relating to an asset disposal at Bouygues Telecom

[2]Including €95 million linked to the cost of the adaptation plans at Bouygues Telecom and TF1

    Sales                                                                    Change
    by business area                                                  like-for-like
    (EUR million)                     9-month         % change      and at constant
                                                                     exchange rates
                                 2011         2012                                                
 
    Bouygues Construction       7,086        7,748         +9%                 +4%
    Bouygues Immobilier         1,548        1,631         +5%                 +5%
    Colas                       9,168        9,670         +5%                 +3%
    TF1                         1,839        1,853         +1%                   =
    Bouygues Telecom            4,285        3,951         -8%                 -9%
    Holding company and
    other                          90           94          nm                  nm
 
    Intra-Group
    elimination                 (297)        (350)          nm                  nm
  
    Total                      23,719       24,597         +4%                 +1%
          o/w France        16,391[1]       16,367           =                 -1%
      o/w international      7,328[1]        8,230        +12%                 +4%
 


[1]Export sales of refined oil products were reclassified according to their location

    Contribution of business areas
    to
    EBITDA
    (EUR million)                         9-month        % change
                                       2011     2012
  
    Bouygues Construction               370      432         +17%
    Bouygues Immobilier                 126      117          -7%
    Colas                               595      538         -10%
    TF1                                 229      201         -12%
    Bouygues Telecom                  1,035      807         -22%
    Holding company and other          (41)     (24)           nm
 
    TOTAL                             2,314    2,071         -11%


    Contribution of business areas
    to current operating profit           9-month        % change
    (EUR million)                     
                                       2011     2012
 
    Bouygues Construction               266      260          -2%
    Bouygues Immobilier                 127      123          -3%
    Colas                               274      236         -14%
    TF1                                 195      154         -21%
    Bouygues Telecom                    512      206         -60%
    Holding company and other          (36)     (25)           nm
 
    TOTAL                             1,338      954         -29%


    Contribution of business areas
    to net profit attributable to the
    Group                                 9-month       % change
    (EUR million)                                 
                                       2011     2012
 
    Bouygues Construction               159      174         +9%
    Bouygues Immobilier                  78       75         -4%
    Colas                               201      172        -14%
    TF1                                  55       38        -31%
    Bouygues Telecom                    316       68        -78%
    Alstom                              134      181        +35%
    Holding company and other         (149)    (144)          nm
 
    TOTAL                               794      564        -29%


    Net cash by business area              9-month         Change
    (EUR million)                                          (EURm)
                                       2011      2012
 
    Bouygues Construction             2,393     2,700    +EUR307m
    Bouygues Immobilier                 275       168    -EUR107m
    Colas                             (823)     (786)     +EUR37m
    TF1                                  87      (18)    -EUR105m
    Bouygues Telecom                  (440)   (1,475)  -EUR1,035m
    Holding company and other       (5,300)   (6,421)  -EUR1,121m
 
    TOTAL                           (3,808)   (5,832)  -EUR2,024m


    Contribution of business
    areas to cash flow
    (EUR million)                         9-month          Change
                                                           (EURm)
                                      2011       2012
 
    Bouygues Construction              400        419     +EUR19m
    Bouygues Immobilier                129        121      -EUR8m
    Colas                              620        621      +EUR1m
    TF1                                242        169     -EUR73m
    Bouygues Telecom                 1,052        723    -EUR329m
    Holding company and other           40         62     +EUR22m
 
    TOTAL                            2,483      2,115    -EUR368m


    Contribution of business
    areas to net capital
    expenditure
    (EUR million)                          9-month        Change
                                                          (EURm)
                                      2011       2012
 
    Bouygues Construction              177        117    -EUR60m
    Bouygues Immobilier                  7         10     +EUR3m
    Colas                              252        223    -EUR29m
    TF1                                 29         18    -EUR11m
    Bouygues Telecom                   536        586    +EUR50m
    Holding company and other          (4)          4     +EUR8m
 
    Total excl. 4G frequencies
    (800 MHz band)                     997        958    -EUR39m
    4G frequencies (800 MHz band)        0     715[1]   +EUR715m
    TOTAL                              997      1,673   +EUR676m


[1]Includes acquisition cost and capitalised interest

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
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
SYS-CON Events announced today that AgilePoint, the leading provider of Microsoft-centric Business Process Management software, will exhibit at SYS-CON's 2nd International @ThingsExpo which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. AgilePoint is the leading provider of Microsoft-based Business Process Management (BPM) software products, has 1,300+ on-premise and cloud deployments in 25+ countries and provides the same advanced BPM feature set as J2EE vendors like IBM and Appian for the Microsoft .NET native environment. AgilePoint customer...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., will show what is needed to leverage the IoT to transform your business. He will discuss opportunities and challenges ahead for the IoT from a market and tec...
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, will describe an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people’s real needs and desires.
SYS-CON Events announced today that TeleStax, the main sponsor of Mobicents, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TeleStax provides Open Source Communications software and services that facilitate the shift from legacy SS7 based IN networks to IP based LTE and IMS networks hosted on private (on-premise), hybrid or public clouds. TeleStax products include Restcomm, JSLEE, SMSC Gateway, USSD Gateway, SS7 Resource Adaptors, SIP Servlets, Rich Multimedia Services, Presence Services/RCS, Diame...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: Samsung recognizes that true, accelerated innovation cannot be driven from one source, but requires a...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money! Speaker Bio: Esmeralda Swartz, CMO of MetraTech, has spent 16 years as a marketing, product management, and busin...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
SYS-CON Events announces a new pavilion on the Cloud Expo floor where WebRTC converges with the Internet of Things. Pavilion will showcase WebRTC and the Internet of Things. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. 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.
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at Internet of @ThingsExpo, Andrew Bolwell, Director of Innovation for HP’s Printing and Personal Systems Group, will discuss how key attributes of mobile technology – touch input, senso...
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.