Arterys to Demonstrate Suite of AI-Powered, Cloud-based Medical Image Analysis Solutions at RSNA 2018

SAN FRANCISCO, Nov. 21, 2018 /PRNewswire/ — Arterys, the leader in intelligent, 100% web-based medical imaging software, will demonstrate its wide-ranging suite of AI powered solutions that support fast, efficient and accurate analysis of medical images at RSNA 2018 (North Hall, Booth 7964), November 25-30 in Chicago.

(PRNewsfoto/Arterys, Inc.)

Driven by deep learning and cloud computation, the Arterys platform opens a new era for medical imaging and clinical diagnosis with the power of the internet to enhance clinician workflow, streamlining and speeding analysis of breast, heart, liver and lung images to deliver improved patient outcomes for key workflows.

“Arterys is taking medical imaging analysis to new heights with a powerful U.S. FDA-cleared system that makes it easier for clinicians to detect and diagnose tumors and heart problems,” said Arterys CEO Fabien Beckers. “We are excited to highlight our latest advancements and demonstrate multiple web-based solutions for the radiology community, and to sponsor the Machine Learning Showcase at RSNA.”

Arterys will provide demonstrations of its AI-powered, web-based solutions, including:

  • Arterys Cardio AIMR combines the power of deep learning and cloud computing to automate analysis of cardiac MR images. By eliminating many tedious, manual tasks, Arterys Cardio AI enables clinicians to quickly and easily identify, determine treatment for and track heart problems. It is the first and only commercial solution to offer deep learning-based semi-quantitative perfusion and quantitative delayed enhancement analysis*.

  • Arterys Liver AI is used to efficiently measure and track liver lesions. It enables visualization and longitudinal tracking, and faster volumetric segmentation with integrated Liver Imaging Reporting and Data System (LI-RADS) workflow. The Arterys Liver AI user-friendly interface and seamless workflow supports greater measurement accuracy and enables clinicians to make a more objective and confident treatment decision.
  • Arterys Lung AI provides improved tracking of lung nodules to aid in clinical management. The solution’s volumetric segmentation yields more accurate measurements, while automated longitudinal tracking helps clinicians better manage nodule progression. Arterys Lung AI includes a dedicated Lung-RADS scoring panel for screening examinations, which captures key features and calculates scores. Automatic reporting capabilities deliver summaries of findings and can be customized to display relevant quantitative information, images and comments. Lung AI also offers detection capabilities, which are available clinically in the European Union and for research only in the United States.
  • Arterys Viewer is powered by AI to increase speed, efficiency and accuracy of reading medical images. Offering multimodal support, including for MRI, CT, X-ray and ultrasound images, Arterys Viewer is designed to deliver the best patient outcome by enabling clinicians to share images, collaborate and consult via a shared workspace.
  • Arterys Breast AI for Mammography supports viewing mammograms using the Google Chrome web browser. The Arterys Breast AI solution enables providers to easily and intelligently recognize higher priority cases, effectively allocate time for reviewing cases, and facilitate more informed decisions on the review priority and timing of screening studies. The solution automatically generates graphical bounding boxes to identify regions of interest on an image, serving as a mammography assistant that enables clinicians to focus on suspicious areas before, during or after diagnosis. Breast AI for Mammography is currently for research use only and not for use in any diagnostic procedures.

The Arterys HIPAA- and EU GDPR-compliant solutions integrate with existing electronic health records (EHRs), PACS and RIS environments and dictation solutions.

All demonstrations will take place in Arterys booth (North Hall, Booth 7964), located within the Machine Learning Pavilion.

Arterys CEO Fabien Beckers, along with Michael Poon, MD, Northwell Health cardiologist, will present “The Potential of a Web Platform to Transform Medical Imaging with AI and Cloud Computation” in the RSNA Machine Learning Showcase, Tuesday November 27 at 11:30am CST.

About Arterys, Inc.
Arterys was founded in 2011 to facilitate the global advancement of healthcare and enable data driven medicine by leveraging cloud computation and artificial intelligence. Its first major milestone was the first-ever clearance of cloud-based deep learning software for clinical use. Arterys offers a suite of applications for clinicians on the Arterys network via its cloud-based, web-enabled AI medical imaging platform. MICA enables use and interaction with deep learning algorithms in real time, augmenting the clinician and expediting image interpretation.

The company’s goal is to reduce variability and subjectivity in clinical diagnoses, and alleviate the enormous workloads radiologists face. With AI, the company is improving the accuracy and consistency in imaging interpretation across practices. Arterys is now leveraging its medical imaging platform to expanding its technology beyond Cardiac MR to create other imaging applications to make medical imaging services vastly more automated, quantitative and useful.

*Semi-quantitative perfusion and quantitative delayed enhancement analysis for Cardio AI are for research only in the US due to contrast agents used.

Follow Arterys on Twitter @ArterysInc or LinkedIn  https://www.linkedin.com/company/arterys/

Contact: info@arterys.com

 

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SOURCE Arterys, Inc.

Cheetah Mobile Announces Third Quarter 2018 Unaudited Consolidated Financial Results

BEIJING, Nov. 21, 2018 /PRNewswire/ — Cheetah Mobile Inc. (NYSE: CMCM) (“Cheetah Mobile” or the “Company”), a leading mobile internet company with global market coverage, today announced its unaudited consolidated financial results for the third quarter ended September 30, 2018.

Third Quarter 2018 Financial Highlights

  • Total revenues[1] grew by 15.6% year over year and 22.5% quarter over quarter to RMB1,352.0 million (US$196.9 million).
  • Revenues from the mobile entertainment business increased by 37.5% year over year and 49.6% quarter over quarter to RMB497.9 million (US$72.5 million). Revenues from utility products and related services increased by 4.4% year over year and 10.5% quarter over quarter to RMB835.6 million (US$121.7 million).
  • Gross profit increased by 22.0% year over year to RMB970.3 million (US$141.3 million). Gross margin expanded to 71.8% in the third quarter of 2018 from 68.0% in the same period last year.
  • Net income attributable to Cheetah Mobile shareholders increased by 19.6% year over year to RMB167.0 million (US$24.3 million) in the third quarter of 2018.
  • The Company generated RMB338.8 million (US$49.3 million) of net cash from operating activities and RMB326.3 million (US$47.5 million) of free cash flow in the third quarter of 2018.

Third Quarter 2018 Operating Metrics

  • The average number of global mobile monthly active users (“Mobile MAUs”) was 535 million in the third quarter of 2018. The number of Mobile MAUs from markets outside of China, or overseas markets, accounted for 68% of the total number of Mobile MAUs in the third quarter of 2018. 
  • The average number of Mobile MAUs from China grew by 18% year over year and 6% quarter over quarter to 171 million as the Company’s mobile products continued to gain popularity in the domestic market.

Mr. Sheng Fu, Cheetah Mobile’s Chairman and Chief Executive Officer, stated, “We successfully reinvigorated our growth engine through our mobile games, mobile utility, and artificial intelligence (“AI”) businesses. In the third quarter of 2018, both revenues and profits from our mobile games business hit record highs, driven mostly by the long-tail success of Bricks n Balls, a game we started to operate earlier this year, and users’ increasing in-game purchases. In our mobile utility business, we grew the mobile utility revenue in the domestic market by 54% year over year, stopped the revenue decline in the overseas market, and stabilized the revenues from our PC business. In our AI business, our consumer product — Cheetah Translator — has been the top seller among its peers since its launch in July, while our enterprise product — Cheetah GreetBot – has now gone into commercial production. Looking forward, we are confident that we have the strategy and the team in place to overcome the challenge of market uncertainties. To express our strong conviction about our long-term success, we have initiated a 12-month share repurchase plan of up to US$100 million.”

[1] Starting from January 1, 2018, Cheetah Mobile adopted a new revenue accounting standard (ASC 606), which reclassifies value added tax from the cost of revenues to net against revenues. To increase comparability of operating results and help investors better understand the Company’s business performance and operating trends, 2017 net revenues have been used to calculate all percentage changes in revenues. 2017 net revenues are defined as gross revenues under legacy GAAP after the deduction of value added taxes, which is presented on the same basis as 2018 and going forward.

Mr. Vincent Jiang, Cheetah Mobile’s Chief Financial Officer, commented, “Driven by our mobile games operation and our mobile utility products and related services business in the domestic market, our total revenues resumed the year-over-year and quarter-over-quarter growth trajectory in the third quarter of 2018 and exceeded the high end of our guidance range. On the profit side, our utility products and related services business continued to generate strong profits and cash flow. Our mobile games operation also achieved significant margin improvement sequentially and year over year attributable to a better operating leverage. These improvements contributed to the strong cash flow generated from our operating activities in the third quarter of 2018. As of September 30, 2018, we had cash and cash equivalents, restricted cash, and short-term investments of approximately RMB3.6 billion. Our strong cash generation capabilities and our high cash balance are enabling us to continue to invest in our long-term growth and our business expansion into the AI space.”

Third Quarter 2018 Consolidated Financial Results

REVENUES

Total revenues in the third quarter increased by 15.6% year over year and 22.5% quarter over quarter to RMB1,352.0 million (US$196.9 million). 

Revenues from utility products and related services increased by 4.4% year over year and 10.5% quarter over quarter to RMB835.6 million (US$121.7 million) in the third quarter of 2018. The growths were mainly driven by increases in revenues from the mobile utility products and related services business in the domestic market due to the increasing mobile traffic and effective cost per mille (“eCPM”). Revenues from the mobile utility products and related services business in the domestic market accounted for 27.5% of the total revenues in the third quarter of 2018. This year-over-year growth was partially offset by (i) a decline in revenues from mobile utility products and related services business in the overseas markets as certain ad formats, i.e., ads on mobile phone lock screens, have been discontinued by the Company’s overseas third-party advertising partners, and (ii) a decline in PC revenues as the internet traffic continued to migrate from PC to mobile.

Revenues from the mobile entertainment business increased by 37.5% year over year and 49.6% quarter over quarter to RMB497.9 million (US$72.5 million) driven by the growth of the Company’s mobile game business in the third quarter of 2018.

  • Revenues from the mobile game business increased by 77.8% year over year and 105.7% quarter over quarter to RMB285.3 million (US$41.5 million). The year-over-year increase in the mobile game business mainly resulted from the success of the new game Bricks n Balls, which was released in the first half of 2018. The increase was also attributable to the improved performances of the Company’s existing game titles, including Dancing Line, Piano Tiles 2, and Rolling Sky, as the Company continued to add in-game purchase features to its existing game portfolio and integrate its best-selling game titles with the WeChat mini game platform to expand its user base. In addition, the Company further improved its eCPM by utilizing innovative video advertisement placements while leveraging machine learning technologies to improve the targeting of its advertisements. The quarter-over-quarter increase was attributable to the typical seasonality during the third quarter, which has summer breaks and more holidays both in China and overseas. As a result, the Company’s players tend to spend more time on our games during the third quarter.
  • Revenues from the content-driven products increased by 5.4% year over year and 9.5% quarter over quarter to RMB212.6 million (US$31.0 million), due to the increase in revenues from Live.me, which introduced a new series of features in the third quarter of 2018 to further expand its average revenue per user. In addition, the appreciation of the US dollar against the RMB in the third quarter of 2018 also contributed to LiveMe’s year-over-year revenue growth as most of its revenues were generated in US dollars but reported in RMB.

By platform, revenues generated from the mobile business accounted for 89.4% of the Company’s total revenues in the third quarter of 2018, up from 88.4% in the same period last year, and 87.5% in the second quarter of 2018.

By region, revenues generated from the Chinese market increased by 44.6% year over year and 18.2% quarter over quarter to RMB536.4 million (US$78.1 million), and constituted 39.7% of the Company’s total revenues in the third quarter of 2018, up from 31.7% in the same period last year but down slightly from 41.1% in the second quarter of 2018. The revenue growth in the Chinese market was primarily attributable to a ramp-up of mobile utility products and related services in China.

Revenues generated from the overseas market increased by 2.1% year over year and 25.5% quarter over quarter to RMB815.5 million (US$118.7 million), constituting 60.3% of the Company’s total revenues in the third quarter of 2018, down from 68.3% in the same period last year but up from 58.9% in the second quarter of 2018. The revenue growth in the overseas market was primarily driven by the rapid growth of our mobile games business, whose market is mostly overseas.

COST OF REVENUES AND GROSS PROFIT

Cost of revenues increased by 1.9% year over year and increased by 8.6% quarter over quarter to RMB381.7 million (US$55.6 million) in the third quarter of 2018. The sequential increase was primarily driven by higher costs of payment channels, such as Google Play and Apple’s App Store, for the Company’s mobile game business, and higher revenue sharing with live broadcasters of the Company’s Live.me business. Non-GAAP cost of revenues decreased by 4.5% year over year and increased by 8.6% quarter over quarter to RMB381.6 million (US$55.6 million) in the third quarter of 2018.

Gross profit increased by 22.0% year over year and 29.0% quarter over quarter to RMB970.3 million (US$141.3 million). Non-GAAP gross profit increased by 22.1% year over year and 29.0% quarter over quarter to RMB970.3 million (US$141.3 million) in the third quarter of 2018. Gross margin expanded to 71.8% in the third quarter of 2018 from 68.0% in the same period last year and 68.2% in the second quarter of 2018, primarily due to higher revenue contribution from mobile games in the third quarter of 2018. Non-GAAP gross margin increased to 71.8% in the third quarter of 2018 from 68% in the same period last year and 68.2% in the second quarter of 2018.

OPERATING INCOME AND EXPENSES

Total operating expenses increased by 27.1% year over year and 35.0% quarter over quarter to RMB842.4 million (US$122.7 million) in the third quarter of 2018. Total non-GAAP operating expenses increased by 27.3% year over year and 33.9% quarter over quarter to RMB816.2 million (US$118.8 million) in the third quarter of 2018.

Research and development (R&D) expenses remained flat year over year and increased by 13.0% quarter over quarter to RMB175.3 million (US$25.5 million) in the third quarter of 2018. The quarter-over-quarter increase was primarily due to higher share-based compensation expenses. Non-GAAP R&D expenses, which exclude share-based compensation expenses, decreased by 2.9% year over year and increased by 5.2% quarter over quarter to RMB166.7 million (US$24.3 million) in the third quarter of 2018. The quarter-over-quarter increase was mainly due to increased R&D staff members.

Selling and marketing expenses increased by 39.0% year over year and 53.7% quarter over quarter to RMB568.4 million (US$82.8 million) in the third quarter of 2018. The increases were mainly due to increased marketing promotions for the Company’s utility products and related services business in the domestic markets and its mobile games business. Non-GAAP selling and marketing expenses, which exclude share-based compensation expenses, increased by 37.6% year over year and 53.9% quarter over quarter to RMB565.1 million (US$82.3 million) in the third quarter of 2018.

General and administrative expenses increased by 22.0% year over year and 8.2% quarter over quarter to RMB108.3 million (US$15.8 million) in the third quarter of 2018. The increases were primarily due to increased employee benefits, higher professional and legal service fees, and other administrative expenses. Non-GAAP general and administrative expenses, which exclude share-based compensation expenses, increased by 37.2% year over year and 10.6% quarter over quarter to RMB93.9 million (US$13.7 million) in the third quarter of 2018.

Operating profit decreased by 3.4% year over year and remained relatively flat quarter over quarter at RMB127.9 million (US$18.6 million). The year-over-year decrease in the Company’s operating profit was primarily due to the Company’s proactive investments in both its mobile utility product business in the domestic market and its mobile games operation. Both of these two businesses drove the Company’s year-over-year and quarter-over-quarter revenue growth in the third quarter of 2018. Non-GAAP operating profit remained relatively flat year over year and increased by 8.1% quarter over quarter to RMB154.2 million (US$22.4 million). 

The Company has reported its operating profit along the following segments since the second quarter of 2017:

Operating profit for utility products and related services increased by 1.4% year over year and decreased by 6.4% quarter over quarter to RMB264.1 million (US$38.5 million) in the third quarter of 2018. The quarter-over-quarter decrease was primarily due to the Company’s increased marketing promotions for its utility products and related services business in the domestic market.

Operating loss for the mobile entertainment business was RMB74.1 million (US$10.8 million) in the third quarter of 2018, compared to an operating loss of RMB105.0 million in the same period last year and RMB98.6 million in the second quarter of 2018. The reduced losses were mainly a result of increased revenues from the mobile games operation and reduced costs and expenses from the News Republic business.

Share-based compensation expenses increased by 23.0% year over year and 79.8% quarter over quarter to RMB26.3 million (US$3.8 million) in the third quarter of 2018, as the Company granted a certain quantity of restricted shares to our key employees.

NET INCOME ATTRIBUTABLE TO CHEETAH MOBILE SHAREHOLDERS

Net income attributable to Cheetah Mobile shareholders increased by 19.6% year over year, and decreased by 15.0% quarter over quarter to RMB167.0 million (US$24.3 million) in the third quarter of 2018. Non-GAAP net income attributable to Cheetah Mobile shareholders increased by 20.0% year over year and decreased by 8.4% quarter over quarter to RMB193.3 million (US$28.2 million) in the third quarter of 2018. The quarter over quarter decrease in net income was mainly due to the investment income recognized in the second quarter of 2018.

NET INCOME PER ADS

Diluted income per ADS increased by 14.7% year over year, and decreased by 15.5% quarter over quarter to RMB1.09 (US$0.16) in the third quarter of 2018. Non-GAAP diluted income per ADS increased by 15.5% year over year and decreased by 8.6% quarter over quarter to RMB1.27 (US$0.19) in the third quarter of 2018. The quarter over quarter decrease was mainly due to the investment income recognized in the second quarter of 2018.

ADJUSTED EBITDA

Adjusted EBITDA (Non-GAAP) decreased by 8.0% year over year and increased by 4.8% quarter over quarter to RMB172.0 million (US$25.0 million) in the third quarter of 2018.

BALANCE SHEET AND CASH FLOW

Net cash from operating activities in the third quarter of 2018 was RMB338.8 million (US$49.3 million) compared to RMB197.8 million in the same period of 2017. Free cash flow in the third quarter of 2018 was RMB326.3 million (US$47.5 million) compared to RMB192.3 million in the same period of 2017.

As of September 30, 2018, the Company had cash and cash equivalents, restricted cash, and short-term investments of RMB3,624.7 million (US$527.8 million). 

SHARES ISSUED AND OUTSTANDING

As of September 30, 2018, the Company had a total of 1,433,343,199 Class A and Class B ordinary shares issued and outstanding. One ADS represents 10 Class A ordinary shares.

Business Outlook

For the fourth quarter of 2018, the Company expects its total revenues to be between RMB1,390 million (US$202 million) and RMB1,430 million (US$208 million). This estimate represents management’s preliminary view as of the date of this release, which is subject to change.

Share Repurchase Program

On September 13, 2018, the Company announced that its board of directors approved a share repurchase program of up to US$100 million of the Company’s outstanding ADSs for a period not to exceed 12 months. Cheetah funded repurchases made under this program from its available cash balance. As of November 20, 2018, the Company had repurchased approximately 1 million ADSs for approximately US$8 million under this program.

Dispose of Certain Portion of Shares of Bytedance Ltd.

Cheetah Mobile has entered into an agreement to sell a certain portion of its equity ownership in Bytedance Ltd. and this transaction will result in a disposal gain of investment of approximately US$43 million in the fourth quarter of 2018. This transaction will also result in a fair value gain of US$43 million in the fourth quarter of 2018 for the remaining portion which the Company still holds. This transaction is expected to close by the end of November 2018, subject to customary closing conditions.

Conference Call Information

The Company will hold a conference call on Wednesday, November 21, 2018 at 8:00 am Eastern Time or 9:00 pm Beijing Time to discuss its financial results. Listeners may access the call by dialing the following numbers:

International:

+1-412-902-4272

United States Toll Free:

+1-888-346-8982

China Toll Free:

4001-201-203

Hong Kong Toll Free:

800-905-945

Conference ID:

Cheetah Mobile

A live and archived webcast of the conference call will be available at the Company’s investor relations website at http://ir.cmcm.com/.

A presentation for the Company’s earnings call is also available at the aforementioned website.

Exchange Rate

This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB6.868 to US$1.00, the exchange rate in effect as of September 30, 2018, as set forth in the H.10 statistical release of the Federal Reserve Board.  Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America (“U.S. GAAP”).

About Cheetah Mobile Inc.

Cheetah Mobile is a leading mobile Internet company with global market coverage. It has attracted hundreds of millions of monthly active users through its mobile utility products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2, Bricks n Balls, and live streaming product Live.me. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. The Company also provides value-added services to its mobile application users through the sale of in-app virtual items on selected mobile products and games. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014. 

Safe Harbor Statement

This press release contains forward-looking statements.  These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements involve inherent risks and uncertainties.  A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile’s growth strategies; Cheetah Mobile’s ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile’s ability to monetize its platform; Cheetah Mobile’s future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile’s revenues and certain cost or expense items; and general economic and business condition globally and in China.  Further information regarding these and other risks is included in Cheetah Mobile’s filings with the U.S. Securities and Exchange Commission.  Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Use of Non-GAAP Financial Measures

To supplement Cheetah Mobile’s consolidated financial information presented in accordance with U.S. GAAP, Cheetah Mobile uses the following non-GAAP financial measures:

  • Non-GAAP cost of revenues reflects cost of revenues excluding the portion of share-based compensation expenses allocated to cost of revenues.
  • Non-GAAP gross profit reflects gross profit excluding the portion of share-based compensation expenses allocated to gross profit.
  • Non-GAAP operating income and expenses reflect operating income and expenses excluding the portion of share-based compensation expenses allocated to operating expenses.
  • Non-GAAP operating profit reflects operating profit excluding share-based compensation expenses.
  • Non-GAAP net income attributable to Cheetah Mobile shareholders is net income attributable to Cheetah Mobile shareholders excluding share-based compensation expenses.
  • Non-GAAP diluted earnings per ADS is non-GAAP net income attributable to Cheetah Mobile shareholders excluding net income attributable to redeemable noncontrolling interests, divided by weighted average number of diluted ADSs.
  • Adjusted EBITDA is earnings before interest, taxes, depreciation, amortization, other non-operating income and share-based compensation expenses.
  • Free cash flow is net cash generated by operating activities less capital expenditure.

The Company believes that separate analysis and exclusion of share-based compensation expenses and the use of Adjusted EBITDA add clarity to the constituent parts of its performance from the cash perspective. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned “Cheetah Mobile Inc.  Reconciliations of GAAP and Non-GAAP Results” and “Cheetah Mobile Inc. Reconciliation of Net Income Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP)” at the end of this release.

Investor Relations Contact
Cheetah Mobile Inc.
Helen Jing Zhu
Tel: +86 10 6292 7779 ext. 1600
Email: helenjingzhu@cmcm.com

ICR Inc.
Jack Wang
Tel: +1 (646) 417-5395
Email: IR@cmcm.com

CHEETAH MOBILE INC.

Condensed Consolidated Balance Sheets

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)

As of

 December 31, 2017

 September 30, 2018

 September 30, 2018

RMB

RMB

USD

ASSETS

Current assets:

Cash and cash equivalents

2,317,488

2,808,721

408,958

Restricted cash

90,149

6,119

891

Short-term investments

1,395,694

809,902

117,924

Accounts receivable

621,272

567,042

82,563

Prepayments and other current assets

918,243

851,657

124,004

Due from related parties

54,052

134,116

19,528

Total current assets

5,396,898

5,177,557

753,868

Non-current assets:

Property and equipment, net

89,137

68,546

9,980

Intangible assets, net 

70,225

57,241

8,334

Goodwill

634,157

660,071

96,108

Investment in equity investees

149,969

151,072

21,997

Other long term investments

1,002,721

1,456,884

212,126

Due from related parties

5,216

15,539

2,263

Deferred tax assets

57,642

62,997

9,173

Other non-current assets

42,966

43,164

6,285

Total non-current assets

2,052,033

2,515,514

366,266

Total assets

7,448,931

7,693,071

1,120,134

LIABILITIES, MEZZANINE EQUITY AND
SHAREHOLDERS’ EQUITY

Current liabilities: 

Bank loans

336,304

Accounts payable

164,537

164,185

23,906

Accrued expenses and other current liabilities

1,532,489

1,484,952

216,215

Due to related parties

81,810

35,274

5,136

Income tax payable

50,614

59,238

8,625

Total current liabilities

2,165,754

1,743,649

253,882

Non-current liabilities: 

Deferred tax liabilities

73,393

74,442

10,839

Other non-current liabilities

54,574

71,780

10,451

Total non-current liabilities

127,967

146,222

21,290

Total liabilities

2,293,721

1,889,871

275,172

Mezzanine equity:

Redeemable noncontrolling interests

649,246

677,606

98,661

Shareholders’ equity:

Ordinary shares

229

230

33

Treasury stock

(19,191)

(2,794)

Additional paid-in capital

2,644,043

2,705,890

393,985

Retained earnings

1,564,883

1,982,569

288,668

Accumulated other comprehensive income

84,206

274,655

39,991

Total Cheetah Mobile shareholders’ equity

4,293,361

4,944,153

719,883

Noncontrolling interests

212,603

181,441

26,418

Total equity

4,505,964

5,125,594

746,301

Total liabilities, mezzanine equity and equity

7,448,931

7,693,071

1,120,134

 

CHEETAH MOBILE INC.

Condensed Consolidated Statements of Comprehensive Income (Loss)

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share(or ADS) data)

For The Three Months Ended

 September 30, 2017

 June 30, 2018

 September 30, 2018

 September 30, 2018

RMB

RMB

RMB

USD

Revenues (a)

1,194,687

1,103,456

1,351,979

196,852

Utility products and related services 

824,764

756,093

835,606

121,667

Mobile entertainment

362,448

332,907

497,911

72,497

Others

7,475

14,456

18,462

2,688

Cost of revenues (b)

(399,664)

(351,360)

(381,692)

(55,575)

Gross profit

795,023

752,096

970,287

141,277

Operating income and expenses: 

Research and development (b)

(174,646)

(155,202)

(175,303)

(25,525)

Selling and marketing (b) 

(409,045)

(369,914)

(568,445)

(82,767)

General and administrative (b) 

(88,737)

(100,107)

(108,270)

(15,764)

Impairment of goodwill and intangible assets

(5,587)

Other operating income

9,739

6,660

9,595

1,397

Total operating income and  expenses

(662,689)

(624,150)

(842,423)

(122,659)

Operating profit

132,334

127,946

127,864

18,618

Other income (expense):

Interest income, net

7,380

19,425

24,120

3,512

Foreign exchange (loss) gain, net

(3,867)

10,022

10,532

1,533

(Impairment) reversal of investment impairment

(65,461)

14,500

(Losses) gain from equity method investments, net

(582)

(2,818)

2,479

361

Other income, net

82,370

52,666

1,242

181

Income before taxes

152,174

221,741

166,237

24,205

Income tax expenses

(7,767)

(27,993)

(26,957)

(3,925)

Net income

144,407

193,748

139,280

20,280

Less: net income (loss) attributable to noncontrolling interests 

4,727

(2,792)

(27,757)

(4,041)

Net income attributable to Cheetah Mobile shareholders

139,680

196,540

167,037

24,321

Earnings per share

Basic 

0.10

0.13

0.11

0.02

Diluted 

0.09

0.13

0.11

0.02

Earnings per ADS

Basic 

0.97

1.33

1.12

0.16

Diluted 

0.95

1.29

1.09

0.16

Weighted average number of shares outstanding

Basic 

1,396,601,023

1,407,191,965

1,408,570,797

1,408,570,797

Diluted 

1,429,237,411

1,452,195,012

1,440,581,762

1,440,581,762

Weighted average number of ADSs outstanding

Basic 

139,660,102

140,719,197

140,857,080

140,857,080

Diluted 

142,923,741

145,219,501

144,058,176

144,058,176

Other comprehensive loss, net of tax of nil

Foreign currency translation adjustments

(48,572)

188,530

149,722

21,800

Other comprehensive (loss) income

(48,572)

188,530

149,722

21,800

Total comprehensive income

95,835

382,278

289,002

42,080

Less: Total comprehensive income (loss) attributable to
noncontrolling interests

2,604

1,358

(17,293)

(2,518)

Total comprehensive income attributable to Cheetah Mobile
shareholders

93,231

380,920

306,295

44,598

 

CHEETAH MOBILE INC.

Condensed Consolidated Statements of Comprehensive Income (Loss)

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share(or ADS) data)

  (a) On January 1, 2018, The Group adopted ASC 606, applying the modified retrospective method to contracts that were not completed as of January 1, 2018.  

  Adoption did not have a material impact as of January 1, 2018. Results for reporting periods beginning on or after January 1, 2018 are presented under ASC 606,   

  while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting under ASC 605.  

  As ASC 605 has been superseded by ASC 606 on this subject, value added tax was reclassified from the cost of revenues to net against revenues.    

  Advertising-for-advertising barter transactions should be recorded at the fair value of the advertising received by reference to the fair value of advertising services   

  provided to other customers. Revenues are recognized in the same amount with costs and  expenses. Previously, such transactions were recorded at cost which  

   was nil as no consideration was exchanged. The following table illustrates the effect of the adoption of ASC 606 by presenting a comparison of revenues for  

   the three months ended September 30, 2018, as actually reported and as they would have been reported under ASC 605, without the adoption of ASC 606:  

For The Three Months Ended

 September 30, 2018

 September 30, 2018

RMB

USD

As reported

1,351,979

196,852

Add: value added taxes

32,763

4,770

Less: barter transactions

4,810

700

Without adoption of ASC 606

1,379,932

200,922

For The Three Months Ended

 September 30, 2017

 June 30, 2018

 September 30, 2018

 September 30, 2018

(b) Share-based compensation expenses

RMB

RMB

RMB

USD

Cost of revenues

(63)

90

46

7

Research and development

2,847

(3,365)

8,563

1,247

Selling and marketing

(1,680)

2,683

3,317

483

General and administrative

20,288

15,225

14,380

2,094

Total

21,392

14,633

26,306

3,831

 

CHEETAH MOBILE INC.

Reconciliation of GAAP and Non-GAAP Results

(Unaudited, in’000, except for per share data and percentage)

For The Three Months Ended September 30, 2018

GAAP

% of Net

Share-based 

% of Net

Non-GAAP

% of Net

Non-GAAP

Result

Revenues

Compensation

Revenues

Result

Revenues

Result ($)

Revenues

1,351,979

1,351,979

196,852

Cost of revenues

(381,692)

28.2%

46

0.0%

(381,646)

28.2%

(55,568)

Gross profit

970,287

71.8%

46

0.0%

970,333

71.8%

141,284

Research and development 

(175,303)

13.0%

8,563

0.6%

(166,740)

12.3%

(24,278)

Selling and marketing 

(568,445)

42.0%

3,317

0.2%

(565,128)

41.8%

(82,284)

General and administrative 

(108,270)

8.0%

14,380

1.1%

(93,890)

6.9%

(13,670)

Other operating income

9,595

0.7%

0.0%

9,595

0.7%

1,397

Total operating income and expenses

(842,423)

62.3%

26,260

1.9%

(816,163)

60.4%

(118,835)

Operating profit 

127,864

9.5%

26,306

1.9%

154,170

11.4%

22,449

Net income attributable to Cheetah Mobile shareholders

167,037

12.4%

26,306

1.9%

193,343

14.3%

28,151

Diluted earnings per ordinary share (RMB)

0.11

0.02

0.13

Diluted earnings per ADS (RMB)

1.09

0.18

1.27

Diluted earnings per ADS (USD)

0.16

0.03

0.19

For The Three Months Ended June 30, 2018

GAAP

% of Net

Share-based 

% of Net

Non-GAAP

% of Net

Result

Revenues

Compensation

Revenues

Result

Revenues

Revenues

1,103,456

1,103,456

Cost of revenues

(351,360)

31.8%

90

0.0%

(351,270)

31.8%

Gross profit

752,096

68.2%

90

0.0%

752,186

68.2%

Research and development 

(155,202)

14.1%

(3,365)

0.3%

(158,567)

14.4%

Selling and marketing 

(369,914)

33.5%

2,683

0.2%

(367,231)

33.3%

General and administrative 

(100,107)

9.1%

15,225

1.4%

(84,882)

7.7%

Impairment of goodwill and intangible assets

(5,587)

0.5%

0.0%

(5,587)

0.5%

Other operating income

6,660

0.6%

0.0%

6,660

0.6%

Total operating income and expenses

(624,150)

56.6%

14,543

1.3%

(609,607)

55.2%

Operating profit 

127,946

11.6%

14,633

1.3%

142,579

12.9%

Net income attributable to Cheetah Mobile shareholders

196,540

17.8%

14,633

1.3%

211,173

19.1%

Diluted earnings per ordinary share (RMB)

0.13

0.01

0.14

Diluted earnings per ADS (RMB)

1.29

0.10

1.39

For The Three Months Ended September 30, 2017

GAAP

% of Net

Share-based 

% of Net

Non-GAAP

% of Net

Result

Revenues

Compensation

Revenues

Result

Revenues

Revenues

1,194,687

1,194,687

Cost of revenues

(399,664)

33.5%

(63)

0.0%

(399,727)

33.5%

Gross profit

795,023

66.5%

(63)

0.0%

794,960

66.5%

Research and development 

(174,646)

14.6%

2,847

0.2%

(171,799)

14.4%

Selling and marketing 

(409,045)

34.2%

(1,680)

0.1%

(410,725)

34.4%

General and administrative 

(88,737)

7.4%

20,288

1.7%

(68,449)

5.7%

Other operating income

9,739

0.8%

0.0%

9,739

0.8%

Total operating income and expenses

(662,689)

55.5%

21,455

1.8%

(641,234)

53.7%

Operating profit 

132,334

11.1%

21,392

1.8%

153,726

12.9%

Net income attributable to Cheetah Mobile shareholders

139,680

11.7%

21,392

1.8%

161,072

13.5%

Diluted earnings per ordinary share (RMB)

0.09

0.02

0.11

Diluted earnings per ADS (RMB)

0.95

0.15

1.10

 

CHEETAH MOBILE INC.

Information about Segment 

(Unaudited, in’000, except for percentage)

For The Three Months Ended September 30, 2018

Utility Products
and
Related Services

Mobile Entertainment

Others 

Unallocated*

Consolidated

RMB

RMB

RMB

RMB

RMB

USD

Revenue

835,606

497,911

18,462

1,351,979

196,852

Operating profit (loss)

264,139

(74,121)

(35,848)

(26,306)

127,864

18,618

Operating margin

31.6%

(14.9)%

(194.2)%

9.5%

9.5%

For The Three Months Ended June 30, 2018

Utility Products
and
Related Services

Mobile Entertainment

Others 

Unallocated*

Consolidated

RMB

RMB

RMB

RMB

RMB

Revenue

756,093

332,907

14,456

1,103,456

Operating profit (loss)

282,090

(98,568)

(40,943)

(14,633)

127,946

Operating margin

37.3%

(29.6)%

(283.2)%

11.6%

For The Three Months Ended September 30, 2017

Utility Products
and
Related Services

Mobile Entertainment

Others 

Unallocated*

Consolidated

RMB

RMB

RMB

RMB

RMB

Revenue

824,764

362,448

7,475

1,194,687

Operating profit (loss)

260,490

(104,957)

(1,807)

(21,392)

132,334

Operating margin

31.6%

(29.0)%

(24.2)%

11.1%

* Unallocated expenses refer to SBC expenses that are not allocated to individual segments.

 

CHEETAH MOBILE INC.

Reconciliation from Net Income Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP)

(Unaudited, in ‘000)

For The Three Months Ended

 September 30, 2017

 June 30, 2018

 September 30, 2018

 September 30, 2018

RMB

RMB

RMB

USD

Net income attributable to Cheetah Mobile shareholders

139,680

196,540

167,037

24,321

Add:

Income tax expenses

7,767

27,993

26,957

3,925

Interest income, net

(7,380)

(19,425)

(24,120)

(3,512)

Depreciation and amortization

33,162

21,573

17,826

2,596

Net income (loss) attributable to noncontrolling interests 

4,727

(2,792)

(27,757)

(4,041)

Other non-operating income, net

(12,460)

(74,370)

(14,253)

(2,075)

Share-based compensation 

21,392

14,633

26,306

3,831

Adjusted EBITDA

186,888

164,152

171,996

25,045

 

CHEETAH MOBILE INC.

Revenues Generated from PC-based and Mobile-based Applications and Services

(Unaudited, in ‘000)

For The Three Months Ended

 September 30, 2017

 June 30, 2018

 September 30, 2018

 September 30, 2018

RMB

RMB

RMB

USD

PC

144,377

137,763

143,322

20,868

Mobile

1,050,310

965,693

1,208,657

175,984

Total

1,194,687

1,103,456

1,351,979

196,852

 

CHEETAH MOBILE INC.

Revenues Generated from Domestic and Overseas Markets

(Unaudited, in ‘000)

For The Three Months Ended

 September 30, 2017

 June 30, 2018

 September 30, 2018

 September 30, 2018

RMB

RMB

RMB

USD

Domestic

394,236

453,837

536,435

78,106

Overseas

800,451

649,619

815,544

118,746

Total

1,194,687

1,103,456

1,351,979

196,852

 

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SOURCE Cheetah Mobile

Global GIS Market in the Government Sector 2018-2022 – Increasing Use of GIS Solutions in Big Data Analytics

DUBLIN, Nov 21, 2018 /PRNewswire/ —

The “Global GIS Market in the Government Sector 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

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The GIS market in the government sector will register a CAGR of almost 11% by 2022.

Several industries are integrating GIS and artificial intelligence (AI) to make GIS customer centric, self-thinking, and simple to operate. Issues such as traffic jam and sudden changes in weather can be addresses using AI in GIS solutions. It also helps in predicting the need and offer suggestions and multiple options.

Market Overview

Crime mapping using GIS

GIS solutions enable the analysts in the law enforcement agencies to identify locations with a high concentration of crime and other trends and designs of crimes. GIS solutions also provide the information profiles such as census demographics and locations of high importance places like banks, schools, and jewelry shops.

Data viability and risk of intrusion

Hackers can cause destructive repercussions by intruding the system with malicious intentions and manipulating the data. Therefore, the security of GIS software solutions must be hack proof.

Competitive Landscape

The market appears to be fragmented and with the presence of many companies, the competitive environment is quite intense. Factors such as the integration of cloud and GIS and the application of GIS for crime mapping will provide considerable growth opportunities to GIS manufactures. BASF, DowDuPont, Evonik Industries, Lonza, and Solvay are some of the major companies covered in this report.

Report Summary:

One trend affecting this market is the technological advancements. Technological advancements such as the integration of artificial intelligence and GIS has made GIS solutions self-thinking, customer-centric, and simple to operate.

According to the report, one driver influencing this market is the increasing awareness in developing countries. Awareness about the advantages of the use of GIS solutions is increasing in developed countries such as India and China.

Further, the report states that one challenge affecting this market is the need for skilled and qualified operators. Hiring and training professionals that lack certain skills and qualification is a major challenge for the market.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Software – Market size and forecast 2017-2022
  • Data – Market size and forecast 2017-2022
  • Services – Market size and forecast 2017-2022
  • Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user

PART 10: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 13: MARKET TRENDS

  • Increasing use of GIS solutions for soil and water management
  • Development of indigenous mapping systems
  • Emergence of smart cities
  • Increasing use of GIS solutions in big data analytics
  • Emerging use of satellite imagery

PART 14: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive landscape

PART 15: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Autodesk
  • ESRI
  • HEXAGON
  • Maxar Technologies
  • Pitney Bowes

PART 16: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/gj6rg9/global_gis_market?w=5

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SOURCE Research and Markets

XPENG Motors partners with NVIDIA to develop Level 3 autonomous driving technology for China

SUZHOU, China, Nov. 21, 2018 /PRNewswire/ — XPENG Motors today announced it has signed a strategic partnership agreement with NVIDIA, the world’s leader in AI computing, and its China partner Desay SV to jointly develop Level 3 autonomous driving technology tailored for the driving environment in China.

Dr. GU Junli, Vice President of Autonomous Driving at XPENG Motors; Mr. Rishi Dhall, Vice President of Automotive Business Development at NVIDIA; and Mr. GAO Dapeng, CEO of Desay SV attended the signing ceremony at GTC China, the annual NVIDIA GPU Technology Conference held in Suzhou.

Powered by Xavier, XPENG Motors will self-develop the software for China’s typical traffic conditions and user scenarios and will work with Desay SV to jointly develop the computing hardware platform for autonomous driving.

The company plans to implement in various phases the L3 intelligent driving features in its new models starting in 2020. These features include parking pilot, traffic jam pilot, fully auto lane change and highway pilot, best route navigation and personalization.

Dr. GU Junli, Vice President of Autonomous Driving at XPENG Motors; Mr. Rishi Dhall, Vice President of Automotive Business Development at NVIDIA; and Mr. GAO Dapeng, CEO of Desay SV attended the signing ceremony at GTC China, the annual NVIDIA GPU Technology Conference held in Suzhou.

In addition to partnering in hardware development, the three companies will also work extensively on data collection and benchmarking, software development and cloud-based machine learning. 

Xavier is the latest AI supercomputing system-on-chip (SoC) released by NVIDIA in early 2018. It is the world’s first autonomous driving processor and the most complex system-on-chip (SoC) ever created.

The scalable NVIDIA DRIVE AGX AI automobile computing platform, built on Xavier, is capable of powering advanced Level 2+ driver assistance systems through robotaxis. The system processes data collected from an array of radar, LIDAR, camera and ultrasonic sensors in real-time. NVIDIA DRIVE AGX Xavier is capable of 30 trillion operations per second while consuming merely 30 watts of power, and is equipped by six different processors on the SoC, including a high performance GPU, custom 8-core CPU, a deep learning accelerator and a programmable vision accelerator,

“Our mission is to lead the innovation of intelligent vehicles and make them widely available for Chinese consumers. We are very excited about working with the world’s leading players in this field and are confident that this partnership will accelerate our technology advancement,” said Dr. Gu Junli.

“Independent research capability is one of our core competences. Understanding China’s specific user scenarios is critical in developing smart driving solutions for Chinese consumers, and we strive to provide them with the best driving experience,” she added.

Rishi Dhall, NVIDIA’s Vice President of Automotive Business Development, said: “XPENG Motors is leading the way in China with the production of next-generation EVs that also will need autonomous driving capabilities. XPENG Motor’s selection of NVIDIA DRIVE as their AV platform gives them the performance and scalability necessary to bring safe, self-driving systems to the market in China.”

“With the rapid development of AI technology, Desay SV is actively working closely with industry partners such as NVIDIA and XPENG Motors to transform the future driving experience,” Mr. Gao Dapeng, CEO of Desay SV said during the signing ceremony. “Based on the 30-plus years of R&D expertise and experience, Desay SV focuses on prospective technologies and provides solutions with better autonomous driving capabilities through continuously building domestic and overseas R&D teams and investing in R&D related activities. At the same time, we will maintain close cooperation with NVIDIA and XPENG Motors to bring better solutions for car driving.”

XPENG Motors will launch the XPENG G3, an intelligent pure electric SUV, on Dec. 12, 2018 in China. It is equipped with X-pilot automatic assisted driving technology tailored for China’s traffic conditions, all-scenario auto-parking, advanced AI voice assistant and customized X-mart OS vehicle operating system with OTA upgrading ability.

About XPENG Motors

XPENG Motors is a leading Chinese electric vehicle company that designs and manufactures automobiles that are seamlessly integrated with the Internet and utilize the latest advances in artificial intelligence. The company’s initial backers include its Chairman He Xiaopeng, the founder of UCWeb Inc. and a former Alibaba executive. It was co-founded in 2014 by Henry Xia and He Tao, former senior executives at Guangzhou Auto with expertise in innovative automotive technology and R&D. It has received funding from prominent Chinese and international investors including Alibaba Group, Foxconn Group and IDG Capital. XPENG Motors is headquartered in Guangzhou, China.

For more information, please visit the official website of XPENG Motors at: www.xiaopeng.com.

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SOURCE XPENG Motors

Data Analytics Outsourcing Market Size Worth $10.32 Billion by 2025: Grand View Research, Inc.

SAN FRANCISCO, November 21, 2018 /PRNewswire/ —

The global data analytics outsourcing market is expected to reach USD 10,321.6 million by 2025, according to a new study conducted by Grand View Research, Inc. The growing need for outsourcing service among organizations to manage growing customer’s data is expected to drive the growth of the market over the forecast period.

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Data analytics outsourcing allows the companies to reduce operational costs, enhance decision-making, deliver customized offerings, and improve customer services. Increasing use of social media, increase in data generation, and reduction in prices of data storage are expected to accelerate the market growth. Additionally, growing number of smartphone users worldwide has led to the generation of large amounts of data in the form of voice and text and this is further anticipated to propel the demand for data analytics outsourcing over the forecast period.

The growing awareness about the advantages and improved productivity gained through data analytics outsourcing is expected to drive the market growth. Increasing e-commerce sales across the globe are generating a considerable amount of data that needs to be managed by an outsourcing facility. Increasing adoption of SaaS-based analytics and evolution of Artificial Intelligence (AI) are further anticipated to drive demand for data analytics outsourcing.

Most companies across the globe prefer using data analytics to gain insights into large amounts of data through several qualitative and quantitative techniques for expanding market and consumer base. There has been a substantial increase in the data produced by organizations, owing to the expansion of multimedia content, which in turn, is expected to propel the growth of the market over the forecast period.

Browse full research report with TOC on Data Analytics Outsourcing Market Size, Share & Trends Analysis Report By Type, By Application, By End-use (BFSI, Telecom, Retail, Healthcare, Media & Entertainment, Manufacturing, Others), By Region, And Segment Forecasts, 2018 – 2025 at: https://www.grandviewresearch.com/industry-analysis/data-analytics-outsourcing-market

Further Key Findings From the Report Suggest: 

  • The prescriptive segment is anticipated to grow at the highest CAGR owing to the emergence of advanced technologies such as Internet of Things (IoT) and big data.
  • The marketing analytics segment accounted a significant market share in 2017. This growth can be attributed to the increasing investment by organizations in marketing analytics-based applications to optimize return on investment and its effectiveness.
  • The BFSI segment is anticipated to maintain its dominance in the market over the forecast period owing to increasing adoption of data analytics outsourcing to minimize risk, reduce costs, and to understand changing consumer preferences
  • North America is expected to dominate the market over the forecast period and is anticipated to reach USD 3,406.1 million by 2025 owing to the growing adoption of marketing analytics by enterprises to offer best services to clients.
  • The key industry participants include Accenture; Associates, Inc.; Tata Consultancy Services Ltd.; Genpact Ltd.; Capgemini; Fractal Analytics Inc.; Wipro Ltd.; Opera Solutions, LLC; ZS Associates Inc.; and International Business Machine Corporation.

Browse related reports by Grand View Research: 

Grand View Research has segmented the global data analytics outsourcing market on the basis of type, application, end-use, and region: 

  • Data Analytics Outsourcing Type Outlook (Revenue, USD Million; 2014 – 2025) 
    • Descriptive
    • Predictive
    • Prescriptive
  • Data Analytics Outsourcing Application Outlook (Revenue, USD Million; 2014 – 2025) 
    • Sales Analytics
    • Marketing Analytics
    • Finance & Risk Analytics
    • Supply Chain Analytics
    • Others
  • Data Analytics Outsourcing End-use Outlook (Revenue, USD Million; 2014 – 2025) 
    • BFSI
    • Telecom
    • Retail
    • Healthcare
    • Media & Entertainment
    • Manufacturing
    • Others
  • Data Analytics Outsourcing Regional Outlook (Revenue, USD Million; 2014 – 2025) 
    • North America
      • U.S.
      • Canada
    • Europe
      • UK
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
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Grand View Research, Inc.
Phone: +1-415-349-0058
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Web: https://www.grandviewresearch.com

SOURCE Grand View Research, Inc.

ISG Invites Nominations for 2019 ISG Paragon Awards™ ANZ

SYDNEY, Nov. 21, 2018 /PRNewswire/ — Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, today invited the technology services and sourcing industries in Australia and New Zealand to submit nominations for the 2019 ISG Paragon Awards™ ANZ, which recognize innovative approaches that help clients leverage technology to make a real and lasting impact on their businesses.

Nominations will be accepted from enterprise buyers of IT and business services, as well as technology and service providers, from now until Friday, January 25, 2019.

Now in its eighth year, the ISG Paragon Awards™ ANZ celebrate the evolution of the sourcing industry through the application of new sourcing approaches and digital technology – including the use of automation, cognitive solutions and artificial intelligence – by recognizing the achievements of leaders in the following categories:

Excellence: Recognizing outstanding delivery by a technology/service provider;

Transformation: Recognizing the successful transformation of an organization or key business function;

Leadership: Recognizing a client executive who has demonstrated exceptional drive and leadership;

Collaboration: Recognizing a mutually beneficial and trusting relationship between an enterprise client and a provider or group of providers;

Imagination: Recognizing the importance of imagination and entrepreneurial spirit in helping organizations future-proof their businesses and better serve customers;

Impact: Recognizing the impact of a particular technology or service on a community of people, be they members of the public, customers or any defined group;

Woman in Technology: Recognizing the launch or management of a successful project that involved contribution by a woman or women, created opportunities for women in technology, raised the awareness of women in technology or provided mentoring of a successful woman or women in technology;

ISG Special Award: Recognizing a nominated individual or organization that has had an outstanding impact on the industry, a community, technology innovation or new business practice. The winner of this award is selected by an ISG panel.

The winner in each of these categories, with the exception of the ISG Special Award, will be selected by a panel of independent judges. The winners will be announced at the ISG Paragon Awards™ Gala Dinner on Wednesday, March 27, 2019. Each award category will include a winner and two runners-up.

Lisa Borden, partner and head of ISG ANZ, said: “ISG believes in shining a spotlight on the qualities that are enabling enterprises and their business partners to create the digital future of business, and thereby advance the entire technology services industry. We encourage our industry colleagues on both the buy-side and the sell-side to nominate the best of the best for the ISG Paragon Awards™ ANZ and highlight the hard work and successes they have achieved together.”

Nomination Guidelines and Selection Criteria

  • Nominations will be accepted until close of business Friday, January 25, 2019.
  • Initial reviews of submissions and selection of finalists will be carried out by an ISG panel.
  • The finalists in each category will be notified in writing by Friday, February 8, 2019, and will be announced on the ISG website – www.isg-one.com

Full details of the award categories and nomination guidelines can be found here.

About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

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SOURCE Information Services Group, Inc.

Söoryen Technologies Named To Deloitte’s 2018 Technology Fast 500™

ORADELL, N.J., Nov. 21, 2018 /PRNewswire-PRWeb/ — Söoryen Technologies is excited to earn a spot on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Söoryen Technologies is a provider of digital transformation solutions for the E-commerce and Fintech industries.

Söoryen Technologies Founder and CEO, Ram Ganesan, credits a focus on software enabled business solutions, metrics based problem solving and a culture of constant learning and innovation with the company’s growth. He said, “The future of digital experiences is the confluence of design thinking and rapid deployment with continuous analysis and measurement of the underlying data. The team at Söoryen is honored to be recognized for its work in this area.”

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.

About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Söoryen Technologies
Söoryen Technologies (an Indecomm Group Company since Aug 2018) , was founded in 2012 and creates innovative digital experiences for the e-commerce and fintech industries. Leveraging a combination of cloud engineering, design thinking and AI driven software, Söoryen improves conversion, transaction time and order value for several Internet Retailer 500 and Fintech 100 companies. Söoryen Technologies has been recognized in the Inc. 5000 rankings 3 years in a row from 2016-2018 and in the 2016 NJ Fast 50 list. Please visit http://www.sooryen.com for more information on our Products and Services.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see http://www.deloitte.com/about to learn more about our global network of member firms.

 

SOURCE Söoryen Technologies

North America Latest Digital Technologies Consumer Perceptions and Preferences Research Report 2018

DUBLIN, Nov. 21, 2018 /PRNewswire/ —

The “Consumer Perceptions and Preferences of the Latest Digital Technologies, North America, 2018″ report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo

The overall research objective is to measure the current use and future decision-making behavior toward information technology and telecom in the consumer industry, specifically: Connected home, social media, landline phone service, wireless / cellular phone service, subscription television service (cable, IPTV, or satellite), internet access service, home electronics maintenance (set-top boxes, DVR, modem), live video streaming service (Sling TV, DirecTV Now, CBS All Access), augmented reality, and big data and analytics.

A great deal is changing in the digital world when it comes to communications services. Is your company ready for the next generation of technologies, buyers, and megatrends? The rapid growth of new delivery models, contemporary content, and advertising mechanisms is waking up the traditional players.

Technologies such as Siri, Google Home, and Alexa are setting the stage for a voice-driven world. Artificial intelligence and augmented reality will enhance our ability to gather information, communicate with others, and make better decisions. There will be a continued debate around the level of security and privacy versus convenience. The one trend that is certain is that consumers are driving the technologies that are being developed in the business world. That’s why this study is important for all technology vendors to read and utilize.

This research aims to:

  • Monitor the status and consumer perceptions of the latest digital trends
  • Assess the current and future use of consumer communications technologies
  • Evaluate factors that drive investments in communications technologies
  • Gauge IT and communications trends
  • Understand consumer preferences

Key Topics Covered:

1. Research Objectives and Methods

  • Research Objectives
  • Survey Methodology
  • Sample Composition
  • Types of Services Households Subscribe to at their Main Residence

2. Summary of Key Findings

  • Strategic Imperatives for Success and Growth
  • Summary of Key Findings – Consumer Services
  • Summary of Key Findings – Newer Technologies

3. Communications Services Overview

  • Level of Importance of Communications Services
  • Purchases by Bundle Vs. Separate Services
  • Monthly Spending on Bundled Services
  • Monthly Spending for Separate Services

4. Landline Services

  • Level of Satisfaction with Landline Services
  • Companies Used for Landline Services

5. Internet Access

  • Level of Satisfaction with Internet Access Service Features
  • Companies Used for Internet Access Service
  • Internet Access Speeds
  • Interest in Increasing Internet Speeds

6. Wireless/Cellular Services & Devices

  • Level of Satisfaction with Wireless Cellular Service Features
  • Companies Used for Wireless/Cellular Service
  • Decision Making Factors When Selecting Wireless/Cellular Service Provider
  • Likelihood of Switching from Current Wireless/Cellular Service Provider
  • Company of Choice When Switching from Existing Wireless/Cellular Service Provider
  • Brand of Cell Phone Currently Used
  • Decision Making Factors When Selecting Wireless/Cellular Phones
  • Level of Satisfaction with Cell Phone Features
  • Likelihood of Replacing Current Wireless/Cellular Phone
  • Company of Choice When Replacing Cell Phones
  • WiFi Connection Preference
  • Interest in Buying WiFi Service if Available
  • Type of Subscription Plan
  • Type of Data Plan Subscription
  • Percent of Respondents Whose Unused Data Rolls Over

7. TV, Video, OTT Streaming Services

  • Level of Satisfaction with Subscription Television Services
  • Level of Satisfaction with Live Video Streaming Services
  • Top Providers of Subscription Television Service
  • Top Providers of Live Streaming Service
  • Percent of Respondents that have a Basic TV Package
  • Percent of Respondents Interested in a Voice, Video, and Wireless Package
  • Willingness to Switch from TV Services to Video Over Internet
  • Where Consumers Watch Video Streaming Over the Internet
  • Top Reasons Consumers Watch Streaming Video Over the Internet
  • Devices Used to Stream Video Over the Internet
  • Services Used to Stream Video Over the Internet
  • Monthly Spending on Streaming Services

8. Communications Hardware

  • Suppliers of Communications Hardware Maintenance
  • Monthly Cost of Communications Hardware Maintenance

9. Connected Home

  • Percent of Respondents with Smart Home/Connected Home Installations
  • Factors Deterring a Smart Home/Connected Home Installation
  • Percent of Respondents Interested in a Connected Home Package
  • Willingness to Pay a Monthly Cost for a Connected Home Package
  • Percent of Respondents with a Home Health-monitoring Network
  • Interest in Smart Health Monitoring Devices and Services

10. Home Networking

  • Percent of Respondents with Home Data Network Installations
  • Number of Devices Connected to Home Data Networks

11. Home Networking

  • Smartphone Used to Control Home Appliances or Monitor Security Systems
  • Number of Control or Monitoring Apps on Smartphones
  • Interest in Smart Devices
  • Intelligent Assistants Penetration
  • Information Provided by Intelligent Assistants
  • Demand for Intelligent Assistants
  • Interest in Products or Services

12. Content Consumption

  • Services Accessed Online for Personal Use
  • Time Spent Online by Activity
  • Sites Accessed for Social Networking
  • Parental Control Software Usage
  • Parental Control Software Used in Mobile Devices
  • Parental Control Software Used in Desktops/Laptops

13. Opinions on the Use of Big Data & Analytics

  • Concerns around Consumer Information Collection on Web Sites
  • Actions Taken to Preserve In-Store Privacy
  • Comfort Level with Automotive IoT Data Sharing

14. Augmented Reality

  • Awareness of Augmented Reality
  • Level of Interest in Augmented Reality
  • Awareness of Oculus Rift and Microsoft Hololens
  • Level of Interest in Oculus Rift and Microsoft Hololens

15. Demographics

  • Level of Education
  • Sex
  • Number of Phones in Household
  • Work from Home
  • Multi-dwelling Units
  • Source of Communications Services
  • Marital Status
  • Own Vs. Rent Home
  • Age of Children in Household
  • Employment Status
  • Race

16. Digital Transformation-The Last Word

  • The Last Word-Three Big Predictions
  • Legal Disclaimer

17. Appendix

Companies Mentioned

  • Alexa (Amazon)
  • CBS All Access (CBS)
  • DirecTV Now (AT&T)
  • Google Home (Google)
  • Siri (Apple)
  • Sling TV

For more information about this report visit https://www.researchandmarkets.com/research/hjcbdt/north_america?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

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

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SOURCE Research and Markets

New Email Marketer Report Measures Email Vendor Satisfaction

LONDON, Nov. 21, 2018 /PRNewswire/ — A new report produced by the partnership of Amsterdam-based Tripolis and Holistic Email Marketing uncovers a surprising connection between email marketer satisfaction and the email platforms they use to deliver their messages to their customers.

“We are in the age of extreme personalisation,” said Bram Smits, Tripolis CEO. “Technologies such as artificial intelligence are quickly becoming available to create extreme-personalised marketing, which our customers want because it delivers a truly 1:1 experience. But surveys show more advanced personalisation in the UK and the Netherlands still makes up less than 40% of campaigns.

“We wanted to understand how email marketers were connecting with tools and apps to take advantage of the latest technology, such as AI, as well as discover their level of satisfaction with their technology providers.”

The 28-page “Email Marketing Vendor Satisfaction Report” surveyed a global cross-section of marketers, nearly evenly divided between business and consumer marketers, on issues that measure their satisfaction with the tools they use to send email messages, how extensively they use the services included with their email platforms and whether they rely on strategy or technology to guide their business decisions.

4 top findings in the report

1. Medium to Enterprise ESPs scored highest on customer satisfaction, customer service response and receptiveness to customers’ requests for service modifications.

2. Although suite vendors scored highest on functionality, users expressed more dissatisfaction, especially about cost, platform complexity, service response, and flexibility. They also tended to use fewer than half of the suite’s features.

3. Email rendering tools and CRM apps are the most popular plug-ins for marketers. Marketers aren’t as likely to use toolsets that give them clear visibility into email performance, such as list hygiene and A/B testing.

4. Fewer than half of marketers have a definitive, written marketing strategy to guide business decisions, especially related to technology use.

How marketers can use the report

“This study doesn’t aim to find the ‘right’ or ‘best’ platform for marketers to select,” Holistic Email Marketing CEO/Founder Kath Pay said. “Each company has unique needs, including team size, budget, programme or audience complexity, data availability, knowledge and needs for training and troubleshooting ability.

“However, the results underline the need to proceed on a strategic basis – to evaluate technology needs and platforms according to how well they fit your company’s overall marketing strategy as well as strategies for all the channel you use.”

Get your own copy of the report: Visit the download link here
Attend the webinar on November 29: Register here

About Holistic Email Marketing

Holistic Email Marketing, an email marketing consultancy, takes the Holistic Approach to email marketing and puts the customer, their journey and the information they provide through their actions at the centre of its ethos. Enabling you to benefit from email marketing strategies and email marketing programmes that achieve the 1:1 personalisation your customers desire.

Unlike traditional multi-channel marketing that starts with the channel, the Holistic Approach starts with your customer and their journey to define the channel strategy. And through the art of persuasion, marketing automation and cross-channel learnings, we craft a journey that converts.

So, your customers meet their goals, and you meet yours.

For more information, visit www.holisticemailmarketing.com, phone +44 (0) 203 015 0747 or email hello@holisticemail.com

About TRIPOLIS

TRIPOLIS is an Email and MarTech company enabling unique, personalized, relevant communication at high volume – XL scale. The company is headquartered in Amsterdam, the Netherlands, with business and implementation partners around the world and a dedicated software development centre in Vietnam.

TRIPOLIS provides its technology solutions to over 2,500 certified-users as part of an extended network of local and global marketing delivery partners. The company has built a solid base in areas such as ecommerce, travel, leisure, retail, automotive, banking, and insurance and financial services, among others.

For more information, visit www.tripolis.com, phone +31 (0) 20 747 0111 or email info@tripolis.com.

CONTACT:
Kath Pay, Founder/CEO, Holistic Email Marketing
Telephone:
+44 (0) 203 015 0747
Email: kath@holisticemail.com

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What were the main reasons for selecting your current email marketing platform?

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SOURCE Holistic Email Marketing

Aarki Ranked Number 19 Fastest Growing Company in North America and Number 4 in the Bay Area on Deloitte’s 2018 Technology Fast 500™

SUNNYVALE, Calif., Nov. 21, 2018 /PRNewswire/ — Aarki today announced it ranked number 19 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America and number 4 in the Bay Area. Aarki grew 6,533 percent during this period.

Aarki’s chief executive officer, Sid Bhatt, credits the great team of data scientists, data analysts, and engineers with the company’s 6,533 percent revenue growth. He said, “Our vision is to advance data science and machine learning to solve core problems in large addressable markets like mobile advertising. Advanced prediction models combined with our proprietary Data Management Platform is delivering the most effective mobile advertising ROI for our customers. Aarki is a company that strives for excellence and I believe this is the reason for our phenomenal growth.”

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.

About Deloitte’s 2018 Technology Fast 500™

Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Aarki

Aarki helps companies grow and re-engage their mobile users, using machine learning, data, and large customer reach. We strive to deliver performance at scale across different marketing objectives to meet the target return on investment. Our data offers deep insights into user intent and usage habits. To drive performance, we activate our data assets through proprietary machine learning algorithms and engage users in real time with personalized creative. For more information, please visit www.aarki.com or follow us on Twitter: @aarkimobile.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Media Contact:
Fellese Co
Email: media@aarki.com

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SOURCE Aarki