PUNE, India and SANTA CLARA, California, July 21, 2017 /PRNewswire/ —

Persistent Systems (BSE and NSE: PERSISTENT), today announced the Company’s audited financial results for the first quarter ended June 30, 2017, as approved by the Board of Directors.

     (Logo: http://photos.prnewswire.com/prnh/20141106/714346 )

The Company also announced the acquisition of PARX, a Salesforce Certified Platinum Partner in Europe that focuses on its customers’ business models, strategic and operational objectives. This marks a continuing global expansion for Persistent, which includes the recent openings of development centers in Mexico, Israel and new locations in the U.S. The acquisition of PARX follows last year’s acquisition by Persistent of Australia’s leading Salesforce consulting partner, PRM Cloud Solutions. Persistent is a Salesforce Certified Platinum Partner.

Consolidated Financial Highlights for the Quarter ended June 30, 2017: 

          (USD Million)          Q1 FY18     QoQ growth    YoY growth     Revenue                 112.97          3.6%          7.8%     EBITDA                   16.19        -12.1%         -1.3%     PBT                      15.82          8.9%          5.3%     PAT                      11.65          3.2%          2.5% 

Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems: 

“Aggressive deployment of new technology is creating new opportunity for us as every business is exploring ways to become software driven. They are deploying IoT, Machine Learning, Bots, and Intelligent Process Automation which is evident from our recent wins. 

Our focus on data, digital, and IoT is helping us establish leadership in new technologies. We are deploying our Software 4.0 methods to help our customers compete with digital natives.

We are delighted to welcome the PARX team to Persistent. They bring deep business domain understanding that complements our technology expertise and strengthens our presence in Europe.”

Key Wins during the Quarter: 

Adoption of IoT and new technologies

  • Building a robotic concierge using IBM Watson to engage customers in real estate showrooms for a Malaysian property developer
  • Leveraging artificial intelligence and machine learning to develop a global regulatory science and policy (GRSP) intelligence application based on IBM Watson that will respond to inquiries using a chatbot service for a pharma company
  • Leveraging cognitive computing and machine learning to improve efficiency of the trade operations group for a large global bank
  • Global deployment and configuration of IBM Watson IoT tools for a global automotive supplier
  • Developing an IoT-based automation solution using Concert IoT platform from Accelerite for a US-based lighting and electric company

Business programs based on data and digital

  • Agreement with Madhya Pradesh Vidhan Sabha (The Legislative Assembly of the State of Madhya Pradesh) to transform the state legislature proceedings through a multi-lingual digital platform for content discovery and integrated analytics
  • Implementing an API-based integration with global financial institutions for a US-based business and financial software company
  • Developing a digital platform to transform customer experience and legacy processes of a US-based technology provider of electronic payment transactions
  • Building a patient engagement application based on Salesforce for a Fortune 500 healthcare company
  • Building digital workflows to improve multi-department sales and service using Salesforce for a large US-based home furnishing company  
  • Building a digital solution to transform the experience for front line retail store associates and call center representatives for a large US-based wireless telecommunications network

Business Highlights and Awards: 

  • Acquires PARX, a Salesforce Certified Platinum Partner in Europe
  • Rebranded Aepona Software Lanka to Persistent Systems Lanka and established Center of Excellence for IoT and advanced technologies
  • Recognized by the Association for Talent Development in the 2017 BEST Awards for demonstrating enterprise-wide success through talent development
  • Awarded for the ‘Most Innovative Solution in APAC on Watson’ at the IBM Analytics sales academy meet in Bangkok

About Persistent Systems: 

Persistent Systems (BSE and NSE: PERSISTENT) builds software that drives the business of our customers; serving software product companies and enterprises with software at the core of their digital transformation. 

Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit:

http://content.persistent.com/Pslweb/forward_looking_cautionary_statement.shtml

Media Contacts:
Akshata Datar
Text100
+91-9867507599
akshata.datar@text100.co.in 

Isha Kulkarni
Persistent Systems
+91-7350521177
isha_kulkarni@persistent.com 

Ken Montgomery
Persistent Systems (US)
+1-949-939-5164
ken_montgomery@persistent.com

SOURCE Persistent Systems

DUBLIN, July 21, 2017 /PRNewswire/ —

The “Global Artificial Intelligence (AI) chips market 2017-2021” report has been added to Research and Markets’ offering.

Research and Markets Logo

The global artificial intelligence chips market is expected to grow at a CAGR of 54.25% during the period 2017-2021.

The report, Global Artificial Intelligence (AI) Chips Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

One trend in the market is quantum computing. Currently available computers are slowly moving toward the zenith of their computational abilities. As the amount of data keeps growing, having more efficient systems to solve computational and mathematical problems becomes critical to different industries.

According to the report, one driver in the market is increasing implementation of AI in robotics. Robotics is all about creating efficient and intelligent robots. These robots are also called artificial agents. Robotics is a field of AI. It takes into account computer-controlled mechanical devices to perform specific tasks that are hazardous or tedious for humans. Traditional robots use AI techniques that help to program the robot’s behavior. There is another approach called autonomous robotics, which deals with robots that can control and develop themselves autonomously.

Further, the report states that one challenge in the market is lack of skilled workforce for development of AI algorithms. The AI chips are experiencing evolution due to the changing technology. Most of the daily jobs like bug fixing, testing, digital, and cloud implementation are being taken over by the AI chips. However, the delivery of such jobs lacks the essential skills set because AI chips perform only according to the algorithms set for them. As a result, the productivity of the job gets affected as it does not meet the requirements.

Key vendors

  • AMD
  • Google
  • Intel
  • NVIDIA

Other prominent vendors

  • Baidu
  • Graphcore
  • Qualcomm

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

For more information about this report visit https://www.researchandmarkets.com/research/76736g/global_artificial

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-artificial-intelligence-chips-market-to-grow-at-a-cagr-of-542-by-2021—key-players-are-amd-google-intel–nvidia-300491688.html

SOURCE Research and Markets

MILWAUKEE, July 21, 2017 /PRNewswire/ — A. O. Smith Corporation and The Water Council have selected Nanolytix of Toronto as the 2017 winner of the BREW Corporate: Powered by A. O. Smith challenge.

A. O. Smith Corporation logo. (PRNewsFoto/A. O. Smith Corporation)

Nanolytix is a pioneer in artificial intelligence and sensor technologies for water quality detection applications. The unique water quality sensor technology detects the presence of pathogens and other contaminants in real time using handheld devices.

“We’re excited about the prospective opportunities to partner with the Nanolytix team alongside A. O. Smith engineers at the Corporate Technology Center and the Global Water Center,” notes Dr. Robert Heideman, chief technology officer at A. O. Smith Corporation. “The potential for a low cost, water quality sensing technology made Nanolytix a great fit within our global water strategy.”

Nanolytix Chief Executive Officer Harjeet Bajaj says, “We’re excited about the chance to rapidly commercialize our water technologies with the help of A. O. Smith’s comprehensive platform. We see an opportunity to leverage A. O. Smith’s global presence to more effectively access global markets.”

The Business, Research, Entrepreneurship in Wisconsin (BREW) Corporate challenge focused on four areas of interest to A. O. Smith: water purification, water heating, sensors, and innovative technologies.

All entries were reviewed by a panel of A. O. Smith employees, The Water Council senior staff, and subject matter experts in the area of freshwater science.

“We felt Nanolytix and their unique sensor technology would be a good investment for both A. O. Smith and The Water Council,” Heideman continued.

The Nanolytix team will receive a minimum investment of $50,000 from A. O. Smith, as well as tuition to participate in The Water Council’s 12-month accelerator program in Milwaukee.  In addition to the investment, the winning entrepreneurs receive: 

  • A suite in the Global Water Center for up to 12 months;
  • Business model and operations training through The Water Council and the University of Wisconsin-Whitewater Institute for Water Business;
  • Access to the Global Water Center’s Flow Lab and A. O. Smith product engineering labs;
  • Mentorship from A. O. Smith corporate development and senior engineering staff, as well as direct access to BREW Preferred Partners;
  • Attendance to conferences and pitch sessions with The Water Council; and
  • A one-year membership to The Water Council providing access to an extensive water technology network.

“Adding Nanolytix to the BREW portfolio is a significant win for all of us,” says Dean Amhaus, president and CEO at The Water Council.  “Four years ago there was no established way of finding water startups located around the world. Now we’re able to match A. O. Smith with a unique water startup from Canada and help both companies grow in Wisconsin’s water innovation hub.”

Finalization of the winner, Nanolytix, is pending final contract negotiations.

About BREW Accelerator
Launched in 2013 by The Water Council, the BREW (Business – Research – Entrepreneurship – In Wisconsin) Accelerator unleashes water innovation by funding water technology startups from around the world with commercialization potential. This first-of-its-kind accelerator pairs a unique water-focused startup community with credible resources of Milwaukee’s world water hub to help entrepreneurs accelerate results, inspire action to create further opportunity, and disrupt the status quo.

BREW Corporate Accelerator, an expansion of the BREW, partners with global corporations, including Veolia and A. O. Smith Corporation, looking for new technologies to solve a specific challenge. By combining funding with access to executive-level mentors, corporate R&D, and intensive business training, BREW Corporate accelerates the development of high-caliber startups. Startups compete in a challenge revolving around specific areas of interest identified by each corporation. Those who show the highest likelihood of solving the challenge are selected for the program. For more information, visit www.thewatercouncil.com/brew.

About Nanolytix
Nanolytix is a global leader in rapid testing technology in the areas of water and air.  The company launched in 2016 with locations in Toronto and Hamilton, Ont., Canada. For more information, visit www.nanolytix.ca.

About A. O. Smith
A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide.  The company is one of the world’s leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products. For more information, visit www.aosmith.com.

About The Water Council
Headquartered in the Global Water Center in Milwaukee, Wisconsin, next to the world’s largest freshwater system, The Water Council is a non-profit organization that drives economic, technology and talent development to support the global water industry. As the leading U.S. cluster, and one of the most powerful water technology hubs in the world, the organization convenes global water leaders and supports more than 190 members from small and mid-sized businesses and large global corporations to engineers, entrepreneurs, utilities, government agencies, education programs and non-profits, with valuable services, programming and networking opportunities. Established as a 501(c)(3) in 2009, the driving force behind its success is the vibrant spirit of collaboration between public, private and academic sectors with a strong, shared commitment to finding innovative solutions to critical global water challenges. For more information, visit www.thewatercouncil.com.

 

View original content with multimedia:http://www.prnewswire.com/news-releases/a-o-smith-the-water-council-announce-brew-corporate-technology-challenge-winner-300491830.html

SOURCE A. O. Smith Corporation

SAN JOSE, Calif., July 20, 2017 /PRNewswire/ — uSens, Inc., a pioneer in interactive tracking solutions for immersive augmented, virtual and mixed reality experiences, today announced the development of a Simultaneous Localization and Mapping (SLAM) based mobile inside-out 6DOF positional tracking solution. Designed from the ground up for mobile devices through advanced machine learning and computer vision techniques, uSens’ lightweight algorithm is faster, more accurate and has lower latency than other mobile tracking solutions. Following in the footsteps of uSens’ pioneering 26DOF (degrees of freedom) hand tracking technology, uSens SLAM provides developers with another solution to create content that allows users to feel present and immersed in virtual worlds.

uSens (www.usens.com) is launching a Simultaneous Localization and Mapping (SLAM) based mobile inside-out 6DOF positional tracking solution. Compatible across a range of platforms, the uSens SLAM helps developers create fully immersive content for augmented and virtual reality experiences.

“We carry around a supercomputer in our pocket at all times – our smartphones – and giving developers the tools to enhance the user experience on hardware we all already possess is key to increasing adoption,” said Dr. Yue Fei, chief technology officer and co-founder of uSens. “Apple entering the market with ARKit, joining Samsung and Google, has focused the industry on creating untethered, mobile content. Consumers are excited for the coming wave of AR content and we’re focused on building the core interactive technologies for developers so they can create experiences that feel real and immersive, which is what consumers are demanding.”

SLAM is a series of computations and algorithms that constructs a virtual map of an environment, which can then be augmented with useful and value-adding digital content depending on your location within this space. uSens’ marker-less, inside-out mobile SLAM tracks a user’s location by continuously scanning and ‘learning’ about their environment through camera imaging. This allows a user’s position to be tracked in unknown and changing environments, which is a requirement and a far better user experience on mobile.

Marker-based or outside-in SLAM, utilized by gaming-focused hardware, requires markers or sensors to be placed around a room in order to interact with the ARVR system or Head Mounted Display (HMD) cameras. This is not possible in wide-scale mobile virtual experiences, as the fixed positions of the markers cannot adapt to changing environments.

Dr. Fei continued, “Positional tracking is required to give objects and experiences real meaning in virtual environments. Computing systems can create color, shape, size, etc., but what’s missing in the mix is position. The world is not flat, so as our technology begins to blend the physical and virtual world, it’s increasingly important that it interacts with the world in three dimensions. We’re already in discussions with a number of consumer-level companies to utilize our SLAM technology. Accurately tracking a user’s position will allow the entire industry to take a giant leap forward and our solutions will help bring on the next generation of amazing ARVR content.”

Connect with uSens:

About uSens, Inc.
Founded in 2013, San Jose-based uSens, Inc. closes the gap between Virtual Reality and the real world. The pioneering ARVR company provides inside-out, 26DOF hand and 6DOF head position tracking technologies for Augmented and Virtual Reality experiences. With domain expertise in 3D HCI technology, computer vision, and artificial intelligence, uSens is leading the industry to achieve Super Reality, a truly immersive and natural ARVR experience. For more information, visit www.usens.com and follow @usensinc.

©2017 uSens, Inc. uSens and Fingo are trademarks and/or registered trademark of uSens, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s).

Contacts:
William McCormick
PR & Marketing Manager
wmccormick@usens.com

Anthony Baldini
Sterling Communications for uSens
uSens@sterlingpr.com
(408) 335-7323

 

View original content with multimedia:http://www.prnewswire.com/news-releases/usens-announces-mobile-slam-based-inside-out-positional-tracking-solution-for-virtual-and-augmented-environments-300491296.html

SOURCE uSens, Inc.

TAMPA, Fla., July 20, 2017 /PRNewswire/ — The Subway® restaurant chain has partnered with Florida-based location intelligence leader SiteZeus® to augment its development strategy by adding data driven location intelligence with advanced geospatial technology and visualization. Combined with its own market data, Subway® is confident it will now have more thorough and accurate insights and suggestions for growth in every market.

SiteZeus® is the leading SaaS cloud-based Location Intelligence technology platform available, building higher intelligence around location based decisions by pioneering the use of Machine Learning and Artificial Intelligence. Combining your expertise and the power of big data, SiteZeus allows individuals and organizations to mitigate risk, discover efficiencies, and interpret actionable insight from technology that analyzes more data points than humanly possible.

“Our focus is on a strategic development strategy to make sure Subway franchisees have the greatest opportunities to successfully grow their businesses,” said Chief Development Officer Don Fertman. “Our Development Agents review an incredible amount of information to determine where to locate new or relocate existing restaurants in each market. With the addition of the SiteZeus platform, we will be able to better evaluate how individual locations will perform and affect the trade area while providing analytical tools for overall market realignment.”

“SiteZeus may be a technology company, but at the end of the day we are in the business of relationships. We want to partner and grow with our clients on a long-term scale, and the Subway® brand is looking for exactly that same type of relationship,” said SiteZeus Co-CEO and Co-Founder Keenan Baldwin. “At our core, we are a location intelligence platform. But our technology is limitless by nature. Optimization, acceleration, automation— it’s all there in our Synergy platform.”

The companies will work together to both enhance the customer experience and streamline franchise processes.

SiteZeus will be hosting a demonstration August 3, 2017 at 1 PM (ET), to highlight its newest features which solve for predictive model transparency. To register visit: www.sitezeus.com/add-transparency-to-your-predictive-modeling.

About Subway® Restaurants
Guests in 113 countries have easy access to fresh vegetables for their made-to-order sandwiches and salads at more than 44,500 franchised locations. The company, founded almost 52 years ago by then 17-year-old Fred DeLuca and family-friend Dr. Peter Buck, is still a family-owned business with thousands of dedicated small business owners around the world. Subway® restaurants come in all shapes and sizes from 300- to 2,000-square-feet. The footprint is flexible and can be adapted for traditional shopping centers, malls and free-standing locations as well as non-traditional venues such as hospitals, colleges, sports arenas, airports and more.

To learn more, visit www.subway.com. Subway® is a registered trademark of Subway IP Inc.

About SiteZeus
SiteZeus is the leading SaaS cloud-based location intelligence technology platform available, building higher intelligence around location based decisions by pioneering the use of firsthand machine learning and artificial intelligence. Combining your expertise, the power of big data, and a data agnostic database architecture, with a truly unique and interactive user experience, SiteZeus allows individuals and organizations to mitigate risk, discover efficiencies, and interpret actionable insight from technology that analyzes more data points than humanly possible.

For more information, visit www.sitezeus.com.

 

Guests in 113 countries have easy access to fresh vegetables for their made-to-order sandwiches and salads at more than 44,500 franchised locations. The company, founded almost 52 years ago by then 17-year-old Fred DeLuca and family-friend Dr. Peter Buck, is still a family-owned business with thousands of dedicated small business owners around the world. Subway® restaurants come in all shapes and sizes from 300- to 2,000-square-feet...

View original content with multimedia:http://www.prnewswire.com/news-releases/subway-partners-with-sitezeus-on-development-strategy-300491251.html

SOURCE SiteZeus

SAN FRANCISCO, July 20, 2017 /PRNewswire/ — Salesforce (NYSE: CRM), the global leader in CRM, today announced that U.S. Bank (NYSE: USB)—the fifth-largest commercial bank in the United States—is expanding its use of Salesforce with Salesforce Einstein to deliver more intelligent and personalized experiences for its banking customers.

Salesforce (PRNewsFoto/salesforce.com)

In 2009, U.S. Bank replaced several legacy systems with Salesforce Sales Cloud, Service Cloud and Marketing Cloud to provide its customer-facing employees with a single, holistic view of customer data. With more than 18 million customers across the country, U.S. Bank is now deploying Salesforce Einstein Analytics, Sales Cloud Einstein and Einstein Discovery to infuse artificial intelligence across the company and deliver data-driven insights.

With Einstein Analytics, managers at U.S. Bank will get real-time insights that will lead to improved business performance. And with predictive intelligence powered by Sales Cloud Einstein and Einstein Discovery, U.S. Bank will be able to predict which prospects are most valuable in the sales cycle and create more personalized customer journeys. For example, based on the financial goals, center-of-influence relationships, life events and other variables for each customer, Salesforce Einstein will provide relationship managers and loan officers with next-best-action recommendations, leading to higher levels of customer satisfaction and retention.

Comments on the News
“At U.S. Bank, we’re committed to cultivating trust-based, meaningful relationships with the customers we serve,” said Kate Quinn, vice chairman and chief administrative officer at U.S. Bank. “Salesforce provides us with a single platform to empower every customer interaction. And with predictive insights and AI, powered by Salesforce Einstein, our employees will be more productive and able to understand and engage with each customer’s unique situation quickly.”

“U.S. Bank is at the forefront of the tectonic shift to artificial intelligence, which will transform every business and every industry over the next decade,” said John Ball, senior vice president of product and GM of Einstein at Salesforce. “By infusing Salesforce Einstein into its business, U.S. Bank will be able to deliver more predictive and personalized customer experiences and help its employees make smarter, more impactful business decisions.”

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $464 billion in assets as of June 30, 2017, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,088 banking offices in 25 states and 4,826 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

About Salesforce
Salesforce, the global CRM leader, empowers companies to connect with their customers in a whole new way. For more information about Salesforce (NYSE: CRM), visit: http://www.salesforce.com

Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.” For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.

This press release contains “forward-looking statements.” All statements other than historical facts included in this press release, including, but not limited to, statements regarding the timing and the closing of the transaction, the financing for the transaction, the expected benefits of the transaction, prospective performance and future business plans, and any assumptions underlying any of the foregoing, are forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown, or unknown risks or uncertainties materialize, actual results could vary materially from the parties’ expectations and projections. These forward-looking statements reflect Salesforce’s expectations as of the date of this press release. Salesforce undertakes no obligation to update the information provided herein.

 

View original content with multimedia:http://www.prnewswire.com/news-releases/us-bank-brings-intelligence-to-commercial-banking-with-salesforce-einstein-300491274.html

SOURCE Salesforce

SCOTTSDALE, Ariz., July 20, 2017 /PRNewswire/ — Axon (Nasdaq: AAXN), the global leader in connected law enforcement technologies, today announced the addition of Julie Anne Cullivan to its Board of Directors effective July 19, 2017.

Anne Cullivan joins Axon Board of Directors

Ms. Cullivan recently joined ForeScout Technologies, Inc., a leading Internet of Things (IoT) security company, as SVP, Business Operations and CIO where she is responsible for leading the cross functional initiatives and information security strategy to support the fast-growing company. Formerly EVP, Business Operations and CIO at FireEye, Inc., Ms. Cullivan was a member of the executive team that set the company’s strategy. With responsibility for both Business Operations and Information Technology, Ms. Cullivan helped scale FireEye from a private company with $80 million in revenue, through its successful IPO, to a global publicly traded company with revenues of over $700 million and a $2.7 billion valuation.

A thought leader in sales, channel, cloud, cyber security, and business digitization, she is adept at implementing innovative technology solutions to enable such strategic imperatives. Ms. Cullivan has held executive positions focused on sales, channel and marketing operations at Autodesk, McAfee, EMC, and Oracle. She is a recognized leader in the cyber security field and a sought-after speaker on topics including women in security, security as a boardroom imperative, innovation, and building high impact teams. Ms. Cullivan has a B.S. degree in Finance from Santa Clara University and brings extensive business, information technology and cyber security expertise to the Axon Board.

“I’m extremely happy to welcome Ms. Cullivan to Axon’s Board of Directors,” said Axon CEO and founder Rick Smith. “Her combined extensive business, sales operations, IT and cyber security expertise brings huge value to the Axon Board of Directors. The value of such expertise can hardly be overstated at a time when our company continues to grow, expand and evolve.” 

“I look forward to contributing to Axon’s success as the company continues on its mission to protect life,” said Julie Anne Cullivan. “I am most excited about how they are leveraging Artificial Intelligence and Cloud technologies to deliver on this vision.”

Axon believes that diversity at all levels of the business should reflect the diversity of society as a whole. The company proactively reached out to The Athena Alliance whose mission is to help enable gender diversity in the boardroom by directly connecting boards to top executive women. In the future, the board wishes to continue to enhance diversity on the board not just through gender, but through other factors as well. 

About the Athena Alliance

The Athena Alliance is a national nonprofit organization dedicated to advancing gender diversity in the boardroom by directly connecting boards to the right powerhouse woman for their board. The Athena Alliance has a curated network of over 500 C-Level women from top tier companies. Sponsors include Autodesk, Intuit, OpenView Venture Partners, PwC and more. Founded in April 2016, the Athena Alliance is headquartered in Half Moon Bay, Calif. For more information, visit http://athenaalliance.org.

About Axon

The Axon network is a network of devices, apps, and people that helps law enforcement become smarter and safer. Our mission is to protect life. Our technologies give law enforcement the confidence, focus, and time they need to keep their communities safe. Our products impact every aspect of an officer’s day-to-day experience:

  • In the field – Our Smart Weapons offer a less-lethal intermediate use of force response and our body-worn and in-car cameras collect video evidence to capture the truth of an incident; and our mobile applications enable simple evidence collection.
  • At the station – Our secure, cloud-based digital evidence management solution allows officers and command staff to manage, review, share and process digital evidence using forensic, redaction, transcription, and other tools.
  • In the courtroom – Our solutions for prosecutors make collaborating across jurisdictions and agencies easy so that cases can be resolved quickly. 

We work hard for those who put themselves in harm’s way for all of us. To date, there are more than 100,000 licensed users from around the world and more than 185,000 lives and countless dollars have been saved with the Axon network of devices, apps and people. Learn more at www.axon.com or by calling (800) 978-2737.

Axon, the “Axon Delta” logo, Axon Network, Smart Weapons, and Evidence.com are trademarks of Axon Enterprise, Inc., some of which are registered in the U.S. and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Follow Axon here:

Note to Investors

Please visit http://investor.axon.com, https://www.axon.com/press, www.twitter.com/axon_us and https://www.facebook.com/Axon.ProtectLife/ where Axon discloses information about the company, its financial information, and its business.

Visit our Investor Relations Safe Harbor Statement at: http://investor.axon.com/safeHarbor.cfm

For investor relations information please contact Arvind Bobra via email at IR@axon.com.   

CONTACT:
Sydney Siegmeth
VP Communications
Press@axon.com

Coco Brown
CEO The Athena Alliance
coco@athenaalliance.org

 

Axon (PRNewsFoto/TASER International, Inc.)

View original content with multimedia:http://www.prnewswire.com/news-releases/axon-adds-cyber-security-expert-julie-cullivan-to-board-of-directors-300491298.html

SOURCE Axon

NOIDA, India, July 20, 2017 /PRNewswire/ —

PAT rises 79.5% over previous year

NIIT Technologies Limited (NSE: NIITTECH), a leading global IT solutions organization, today announced its financial results for the quarter ended in June 30, 2017 with revenue increasing by 5.7% over same period last year to 708.9 Crores. Operating Profits expanded by 9.1% YoY to 110.8 Crores and Profit after Tax jumped 79.5% to 51.3 Crores.

     (Logo: http://mma.prnewswire.com/media/537635/NIIT_Tech_Logo.jpg)

                               Qtr. performance at a glance            Particulars           Qtr ended      Qtr ended        Growth                                  30-Jun-16      30-Jun-17         YoY                                      Cr             Cr     Consolidated Revenues          670.7          708.9           5.7%     Operating Profit               101.5          110.8           9.1%     Operating Margin               15.1%          15.6%         49 bps     Profit After Tax                28.6           51.3          79.5% 

 

In the previous quarter the company had concluded the consultation process for a government client where a project was put on hold and the settlement provided a onetime improvement in revenues and margins. Excluding the impact of this settlement in the last quarter, revenues declined 1.2% sequentially as a result of the seasonal decline in the GIS business and adverse impact of currency. However momentum in international business saw revenues expand sequentially for the company in constant currency. Revenues in US grew 4.3% sequentially in constant currency representing 49% of revenue mix on reported basis. Revenue share for EMEA stood at 32%. APAC contributed to 10% of total revenues, also exhibiting strong growth of 9.8% in constant currency.

“Despite seasonal decline in our domestic GIS business, revenues during the quarter grew 1.4% sequentially in constant currency excluding the impact of the settlement in the previous quarter,” said Mr. Arvind Thakur, CEO and Joint MD, NIIT Technologies Ltd.

The company saw increased traction during the quarter in smaller segments including Manufacturing & Media. Manufacturing, Media & Others segment collectively grew by 4.2% in constant currency and now represents 29% of total revenues. BFSI grew 1.7% sequentially in constant currency contributing to 42% of revenue mix. Travel & Transportation contributed to 29% of overall revenues.

The quarter saw an intake of USD 110mn of new business; USD 60mn from US, 23mn from EMEA and 27mn from ROW. 9 new customers were added during the quarter, 5 in US, 1 in EMEA and 3 in ROW. This included extension of a large multiyear engagement with an existing travel client in the US.

During the quarter, the company strengthened its position in the Digital Integration space with the acquisition of 55% interest in RuleTek LLC, a BPM architecture services company based in the US with a track record of successful implementations for fortune 500 companies, thereby establishing a near shore presence with an increased foot print in the US.

During this quarter, the company also forged a partnership with Arago, a pioneer in Artificial Intelligence (AI) to integrate AI technology into its TRON SMART AUTOMATION platform thereby building machine learning capabilities into the offering.

“Our partnerships and investments in platform capabilities will deliver superior experience to our clients,” said Mr. Rajendra S Pawar, Chairman, NIIT Technologies Ltd.

110 people were added during the quarter taking headcount to 8963 at the end of the period.

Acknowledgements: 

NIIT Technologies Identified as an Innovator in NelsonHall’s Digital Transformation Services NEAT

• NIIT Technologies has been positioned as a Major Contender and a Star Performer in Everest Group’s Capital Markets PEAK MatrixTM 2017

About NIIT Technologies

NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia and Australia. Differentiated on the strength of its industry expertise, NIIT Technologies services clients in travel and transportation, banking and financial services, insurance, manufacturing and media verticals, offering a range of services including Application Development and Maintenance, Infrastructure Management, and Business Process Management. Focused on Digital Services, the Company is helping businesses design agile, scalable and digital operating models.

NIIT Technologies adheres to major global benchmarks and standards of quality and Information Security.

For further information, please visit http://www.niit-tech.com

For media queries please contact:

Pallavi Bahuguna
Corporate Communications
NIIT Technologies Ltd.
+91-120-7119039
pallavi.2.gupta@niit-tech.com

Prachi Sinha / Sharib Hussain
Edelman India
+91-9821947622 / +91-9711118974
Prachi.sinha@edelman.com / sharib.hussain@edelman.com

For investor/analyst queries please contact:
Abhinandan Singh
Head – Investor Relations and M&A
NIIT Technologies Ltd.
+91-22-40103212
abhinandan.singh@niit-tech.com

SOURCE NIIT Technologies Ltd

NEW YORK, July 20, 2017 /PRNewswire/ — Global computer aided engineering market is expected to reach $ 7.79 billion by 2022, on the back of increasing demand for innovation and superior quality products from across the globe, high expenditure on aerospace & defense sector, rising technological advancements and growing need for application-specific computer aided engineering (CAE) software. Upsurge in deployment of application-specific computer aided engineering software can be attributed to its utilization in Small & Medium Enterprises (SMEs) to minimize manufacturing costs and to reduce the product lead time. Moreover, integration of computer aided engineering in product development lifecycle is expected to increase due to the paradigm shift being witnessed in development of infrastructure to accelerate deployment of next generation technologies such as artificial intelligence, robotics, etc., and rising demand for manufacturing eco-friendly products to reduce carbon footprint.

Read the full report: http://www.reportlinker.com/p04998261/Global-Computer-Aided-Engineering-Market-By-Product-Type-By-End-Use-Industry-By-Region-Competition-Forecast-Opportunities.html

According to “Global Computer Aided Engineering Market By Product Type, By End Use Industry, Competition Forecast & Opportunities, 2012-2022”, global computer aided engineering market is projected to exhibit a robust CAGR during 2017 – 2022. The growing need for streamlining business and thrust on digital technologies are some of the major reasons for this robust growth. Few of the major companies operating in the global computer aided engineering market include ANSYS, Inc., The MathWorks, Inc., Siemens PLM Software, Dassault Systèmes SE, Altair Engineering, Inc., SimScale GmbH, Autodesk, Inc., SYNOPSYS, INC., COMSOL AB, Bentley Systems Incorporated, Exa Corporation., CPFD Software LLC, ESI Group, PTC Inc. and Design Simulation Technologies. “Global Computer Aided Engineering Market By Product Type, By End Use Industry, Competition Forecast & Opportunities, 2012-2022” discusses the following aspects of computer aided engineering market in the world:

– Global Computer Aided Engineering Market Size, Share & Forecast
– Segmental Analysis – By Module (Finite Element Analysis and Computational Fluid Dynamics), By End Use Industry (Automotive, Aerospace & Defense, Electrical & Electronics & Others)
– Policy & Regulatory Landscape
– Changing Market Trends & Emerging Opportunities
– Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

– To gain an in-depth understanding of Computer Aided Engineering market
– To identify the on-going trends and anticipated growth over the next five years
– To help industry consultants, Computer Aided Engineering solution providers and other stakeholders align their market-centric strategies
– To obtain research-based business decisions and add weight to presentations and marketing material
– To gain competitive knowledge of leading market players
– To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based upon both primary and secondary sources. Primary research includes interview with the Computer Aided Engineering solution providers, software companies and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.

Read the full report: http://www.reportlinker.com/p04998261/Global-Computer-Aided-Engineering-Market-By-Product-Type-By-End-Use-Industry-By-Region-Competition-Forecast-Opportunities.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

http://www.reportlinker.com

__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

View original content:http://www.prnewswire.com/news-releases/global-computer-aided-engineering-market-by-product-type-by-end-use-industry-by-region-competition-forecast–opportunities-2012-2022-300492070.html

SOURCE Reportlinker

WALLDORF, Germany, July 20, 2017 /PRNewswire/ — SAP SE (NYSE: SAP) today announced its financial results for the second quarter 2017 ended June 30, 2017.

SAP Raises Outlook - Q2 Total Revenue Up Double-Digit

“This strong quarter is the latest in SAP’s 8-year run of consistent, profitable growth. Our winning strategy is again validated by fast adoption of S/4HANA and our full portfolio of cloud solutions. We expect continuing momentum in the second half and confidently raise our guidance for the full year. SAP has never been better positioned.” – Bill McDermott, CEO

“Our fantastic momentum continued with double-digit growth in total revenue. Our cloud & software revenue growth rate in the first half of the year is at the upper end of our full-year guidance range. Based on our strong growth and cash generation we are pleased to share SAP’s success with our shareholders by initiating a share buyback of up to €500 million in the second half.” – Luka Mucic, CFO

Business Highlights

Financial Highlights

Second Quarter 2017

SAP’s fast growth in the cloud continued in the second quarter. New cloud bookings1 grew by 33% (33% at constant currencies) in the second quarter and reached €340 million. Both IFRS and non-IFRS cloud subscriptions and support revenue grew 29% year-over-year (27% at constant currencies) to €932 million. IFRS and non-IFRS software revenue was €1.09 billion, up 5% year-over-year (4% at constant currencies). New cloud and software license order entry2 grew by more than 20% year-over-year in the second quarter. IFRS and non-IFRS cloud and software revenue was €4.76 billion, an increase of 9% (8% at constant currencies). SAP’s “predictable revenue”, i.e. the total of cloud subscriptions & support revenue and software support revenue, was 63% of total revenue.

IFRS operating profit was down 27% to €926 million. Non-IFRS operating profit grew 4% to €1.57 billion (3% at constant currencies). IFRS earnings per share decreased 18% to €0.56. Non-IFRS earnings per share increased 14% to €0.94. The IFRS operating profit and EPS were primarily impacted by a strong increase in restructuring related expenses and share-based compensation expenses in the second quarter.

Operating cash flow for the first six months was €3.51 billion, an increase of 20% year-over-year and free cash flow increased 15% year-over-year to €2.90 billion. At quarter end, net debt was €1.79 billion, an improvement of €2.5 billion year over year. SAP’s strong growth and cash generation provide significant flexibility around capital allocation aimed at driving shareholder value. After evaluating the expected cash flow development for the second half of 2017 and consistent with the company’s capital allocation priorities, SAP has decided on a share buyback of up to €500 million in 2017. The share buyback will start shortly and will be executed in several tranches.

SAP S/4HANA

With S/4HANA customers can massively simplify their IT landscape, run live and reinvent their business model for the digital economy across both cloud and on-premise deployments. S/4HANA adoption grew to more than 6,300 customers, up over 70% year over year. In the second quarter, approximately 500 additional customers signed up of which around 30% were net new customers. Google, Centrica, and Mercadona selected S/4HANA in the second quarter.

SAP Leonardo

SAP Leonardo is a set of cutting-edge tools which turn systems of record into systems of intelligence. SAP Leonardo integrates breakthrough technologies such as Artificial Intelligence, Machine Learning and Internet of Things and runs them seamlessly in the cloud. It offers design thinking methodology and SAP expertise to help companies rapidly adopt new capabilities and business models and accelerate digital transformation. CITIC Pacific Mining among many others adopted SAP Leonardo solutions in the second quarter.

Human Capital Management

With SuccessFactors and Fieldglass, SAP delivers total workforce management across both permanent and contingent labor, localized for 84 countries and 42 languages. Top industry analysts recently gave SAP SuccessFactors the highest rankings in Cloud HCM for Core HR and Talent Management for global organizations with more than 5,000 workers as well as for mid-market European-headquartered enterprises. SuccessFactors Employee Central, which is the core of our HCM offering, had more than 1,800 customers at the end of the second quarter. Companies like Vitra and Swiss Post selected SAP’s workforce management solutions in the second quarter.

Customer Engagement and Commerce

SAP’s next generation customer engagement solutions enable businesses to manage their front office across the entire spectrum from marketing to sales to services – seamlessly and in real-time. Businesses get a single view of their customer – be it social, retail or e-commerce. SAP’s CEC solutions serve both B2C and B2B across a wide range of industries, including retail, telco, financial services, manufacturing and the public sector. Top industry analysts recently named SAP Hybris a leader for both B2C and B2B Digital Commerce and Multichannel Marketing Campaign Management. SAP’s CEC solutions once again achieved strong double-digit new cloud bookings growth as well as double-digit growth in software revenue.

Business Networks

Each of SAP’s business network solutions provides a rich, open, global platform that connects a large ecosystem of customers, suppliers, partners and developers delivering ever expanding content and innovation. On the Ariba Network, more than 2.8 million companies in over 180 countries collaborate and trade nearly $1 trillion in goods and services annually. Concur helps more than 49 million end users effortlessly process travel and expenses. With SAP Fieldglass customers manage over 3.5 million contingent workers in more than 140 countries. Total revenue in the SAP Business Network segment was up 22% in the second quarter to €570 million.

Regional Revenue Performance in the Second Quarter 2017

SAP had a strong performance in the EMEA region with cloud and software revenue increasing 9% (IFRS). Cloud subscriptions and support revenue grew 48% (IFRS) with an especially strong quarter in Germany and Russia. SAP also had double-digit software revenue growth in Germany and MENA (Middle East and North Africa) and triple-digit software revenue growth in Russia.

The Company had solid growth in the Americas region with cloud and software revenue growing by 8% (IFRS) and cloud subscriptions and support revenue increasing by 20% (IFRS). In North America, Canada had double-digit growth in software revenue. In Latin America Mexico and Chile were highlights with double-digit software revenue growth.

In the APJ region, SAP had an exceptional performance in both cloud and software revenue and cloud subscriptions and support revenue. Cloud and software revenue was up 13% (IFRS) with cloud subscriptions and support revenue growing by 52% (IFRS). China was very strong in cloud subscriptions and support revenue while Japan and Australia both had strong double-digit growth in software revenue.

Financial Results at a Glance

Second Quarter 20171)

IFRS

Non-IFRS2)

€ million, unless otherwise stated

Q2 2017

Q2 2016

∆ in %

Q2 2017

Q2 2016

∆ in %

∆ in %
const.
curr.

New Cloud Bookings3)

N/A

N/A

N/A

340

255

33

33

Cloud subscriptions and support

932

720

29

932

721

29

27

Software licenses and support

3,826

3,639

5

3,826

3,640

5

4

Cloud and software

4,757

4,359

9

4,758

4,361

9

8

Total revenue

5,782

5,237

10

5,782

5,239

10

9

Share of predictable revenue (in %)

63

63

0pp

63

63

0pp

Operating profit

926

1,269

–27

1,570

1,516

4

3

Profit after tax

666

813

–18

1,120

979

14

Basic earnings per share (€)

0.56

0.68

–18

0.94

0.82

14

Number of employees (FTE)

87,114

79,962

9

N/A

N/A

N/A

N/A

Six months ended June 20171)

IFRS

Non-IFRS2)

€ million, unless otherwise stated

Q1–Q2

2017

Q1–Q2

2016

∆ in %

Q1–Q2

2017

Q1–Q2

2016

∆ in %

∆ in %
const.
curr.

New Cloud Bookings3)

N/A

N/A

N/A

555

400

39

37

Cloud subscriptions and support

1,837

1,397

31

1,837

1,399

31

28

Software licenses and support

7,248

6,811

6

7,248

6,813

6

4

Cloud and software

9,085

8,208

11

9,085

8,212

11

8

Total revenue

11,066

9,964

11

11,067

9,967

11

9

Share of predictable revenue (in %)

66

66

0pp

66

66

0pp

Operating profit

1,599

2,082

–23

2,768

2,620

6

3

Profit after tax

1,197

1,382

–13

2,006

1,742

15

Basic earnings per share (€)

0.99

1.16

–14

1.67

1.46

14

Number of employees (FTE)

87,114

79,962

9

N/A

N/A

N/A

N/A

1) All figures are unaudited.

2) For a detailed description of SAP’s non-IFRS measures see Explanation of Non-IFRS Measures online. For a breakdown of the individual adjustments see table “Non-IFRS Adjustments by Functional Areas” in this Quarterly Statement.

3) As this is an order entry metric, there is no IFRS equivalent.

Due to rounding, numbers may not add up precisely.

Business Outlook 2017

The Company is raising its outlook for the full year 2017:

  • Based on the continued strong momentum in SAP’s cloud business, the Company expects full year 2017 non-IFRS cloud subscriptions and support revenue to be in a range of €3.8 billion to €4.0 billion at constant currencies (2016: €2.99 billion). The upper end of this range represents a growth rate of 34% at constant currencies.
  • Due to increasing adoption of S/4HANA and our Digital Business Platform the Company now expects full year 2017 non-IFRS cloud & software revenue to increase by 6.5% to 8.5% at constant currencies (2016: €18.43 billion).
  • The Company now expects full year 2017 non-IFRS total revenue in a range of €23.3 billion to €23.7 billion at constant currencies (2016: €22.07 billion).
  • The Company expects full-year 2017 non-IFRS operating profit to be in a range of €6.8 billion to €7.0 billion at constant currencies (2016: €6.63 billion).

While the Company’s full-year 2017 business outlook is at constant currencies, actual currency reported figures are expected to continue to be impacted by exchange rate fluctuations. If exchange rates remain at the June 2017 average level for the rest of the year, we expect non-IFRS cloud and software revenue and non-IFRS operating profit growth rates to experience a currency headwind in a range of -2 to 0pp in Q3 2017 (-1 to +1pp for the full year 2017).

The full Q2 2017 Quarterly Statement can be downloaded from http://www.sap.com/investors/sap-2017-q2-statement

Additional Information

Media reports have raised questions surrounding contracts and third-party business practices in South Africa. SAP embodies an unwavering commitment to maintain the highest standards of integrity and transparency across its business. SAP has initiated an independent investigation spearheaded by a multinational law firm and overseen by Executive Board Member Adaire Fox-Martin to vigorously review contracts awarded by SAP South Africa.

General Remarks about this Quarterly Statement and the SAP Integrated Report

Since Q1 2016, we issue a quarterly statement for each of the four fiscal quarters. Additionally, we issue a half year report and a full year integrated report. SAP’s 2016 Integrated Report and Annual Report to Shareholders, and 2016 Annual Report on Form 20-F were published on February 28, 2017, and are available for download at www.sapintegratedreport.com.

For a more detailed description of all of SAP’s non-IFRS measures and their limitations as well as our constant currency and free cash flow figures see Explanation of Non-IFRS Measures online.

Webcast

SAP senior management will host a financial analyst conference call today at 2:00 PM (CET) / 1:00 PM (GMT) / 8:00 AM (Eastern) / 5:00 AM (Pacific). The call will be webcast live on the Company’s website at www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the second quarter results can be found at www.sap.com/investor.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 355,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

For more information, financial community only:

Stefan Gruber 

+49 (6227) 7-44872

investor@sap.com, CET

Follow SAP Investor Relations on Twitter at @sapinvestor.

For more information, press only:

Nicola Leske     

+49 (6227) 7-50852    

nicola.leske@sap.com, CET

Daniel Reinhardt

+49 (6227) 7-40201   

daniel.reinhardt@sap.com, CET

Rajiv Sekhri       

+49 (6227) 7-74871            

rajiv.sekhri@sap.com, CET

For customers interested in learning more about SAP products:

Global Customer Center:          

+49 180 534-34-24

United States Only:                       

+1 (800) 872-1SAP (+1-800-872-1727)

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

© 2017 SAP SE. All rights reserved.

No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE. The information contained herein may be changed without prior notice.

Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary.

These materials are provided by SAP SE and its affiliated companies (“SAP Group”) for informational purposes only, without representation or warranty of any kind, and SAP Group shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP Group products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.

________________________________

1 New cloud bookings is the total of all orders received in a given period the revenue from which is expected to be classified as cloud subscription and support revenue and that result from purchases by new customers and from incremental purchases by existing customers. Consequently, orders to renew existing contracts are not included in this metric. The order amount must be committed. Consequently, due to their pay-per-use nature, business network transaction fees which do not include a committed minimum consumption are not reflected in the bookings metric (e.g. SAP Ariba and SAP Fieldglass transaction-based fees). Amounts included in the measures are generally annualized (annualized contract value ACV).

2 New cloud and software license order entry is the total of new cloud order entry and software license order entry. The new cloud order entry metric is identical to the new cloud bookings metric defined above except that it considers the total contract value (TCV) of the orders where the new cloud bookings metric considers the orders’ annualized contract value (ACV). Software license order entry is the total of all orders received in a given period the revenue from which is expected to be classified as software license revenue. The support services commonly sold with the software licenses are not included in the software license order entry metric.

 

SAP Logo. (PRNewsFoto/SAP AG)

View original content with multimedia:http://www.prnewswire.com/news-releases/sap-raises-outlook—q2-total-revenue-up-double-digit-300491345.html

SOURCE SAP SE