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business Voices—Raynovich: internal IBM's desperation purple Hat movement | killexams.com real Questions and Pass4sure dumps

IBM's circulate Monday to spend $34 billion on the top-rated open-supply technical lead enterprise in the world, red Hat, should still handiest exist considered for what it definitely is: a desperation stream by way of CEO Ginni Rometty to try to retain her job. 

The leading problem, as market volatility wreaks havoc on tech inventory fees, is that IBM shareholders own seen no positive factors—at all—in the golden epoch of cloud boom. a titanic goose egg. IBM's revenues were flat for years. And seize a perceive at these stock expense moves within the closing 5 years: Microsoft is up 190%, Amazon shares are up 320% and Google is up one hundred%. IBM? Its shares own fallen 35%.

it really is appropriate. 5 years in the past, IBM's shares were $179. nowadays they change near $a hundred and twenty.

Like this story? Subscribe to FierceTelecom!

The Telecom trade is an ever-altering world the dwelling titanic ideas approach alongside each day. Their subscribers depend on FierceTelecom as their must-study source for the newest news, evaluation and statistics on the intersection of telecom and media. sign in these days to rep telecom news and updates delivered to your inbox and skim on the go.

it is horrendous performance.

Rometty has framed the titanic $34 billion purple Hat guess as a strategic pivot. or not it's greater than that. As one of the most biggest tech acquisitions ever, it will devour the entirety of a 100-yr-old business's money—as smartly withhold it even deeper into debt—in a bid a to turn into the leader in hybrid cloud. it's a massive stake requiring the bulk of IBM's steadiness sheet. Rometty is making a stake the complete stack.

The IBM CEO is outright in. Why no longer? Given the concurrent disastrous historical past of IBM, maybe or not it's time for an stupendous bet. And as a strategic strikes go, it makes experience. red Hat has a strong position as the nuts-and-bolts application programs in cloud, with great market adoption of its Linux distribution in many cloud operations as well as OpenShift, its platform for managing Kubernetes container programs, which own emerged as a de facto mediocre within the cloud. this is the longer term. 

connected: Raynovich: How SD-WAN could reconfigure trade features

however as soon as it's piece of IBM, that each one adjustments. 

"Take pink Hat itself," spoke of Rometty. "we own the capability to scale this outright over the place. That was purple Hat's greatest constraint: scale and industry expertise."

here's the scariest observation about the merger. Rometty is epigram it's going to approach prerogative down to IBM's faculty in integrating and riding the acquisition. Its music list is grim. 

The straggle might in fact hugely backfire, counting on how it's dealt with. in spite of everything, pink Hat Linux is excellent for the cloud since it's Swiss. however IBM is less Swiss. It seems extra German. Or as a minimum upstate manhattan-y, which is never Swiss in any respect. ok, possibly that analogy is complicated, but the final analysis is that IBM promoting you red Hat isn't the equal as purple Hat promoting purple Hat. IBM is trying to compete with Microsoft and Amazon. Their opponents aren't going to infatuation crimson Hat as a whole lot. 

there's great execution chance. Then there's the IBM id disaster—and this handiest confuses issues further. 

who is IBM? it exist difficult to understand. you probably own a weekend to slay and your life is as handrum as mine, you could dive into its annual document, which serves up a lot of shimmer about purchasers but some grim notes about operating devices: IBM has placed itself as a fast-becoming cloud enterprise, however in fact it exist just not growing in any respect. And its company nevertheless includes selling economic capabilities and mainframes.

if you watch the IBM advertisements during the halftime of NFL games, you might exist led to respect IBM is the Watson business. The AI enterprise. The humorous thing is, there is no titanic Watson anecdote within the monetary experiences. Watson is a component of IBM's Cognitive options company, which within the 2017 calendar yr grew earnings a whopping 1.5%. 

To bethink simply how perplexing and stagnant IBM is, seize a perceive at some of the key enterprise operating devices from its 2017 annual file:

• Transaction Processing, which represents salary of $5.6 billion, grew 0.9% in 2017. 

• international company capabilities had income of $sixteen.three billion however diminished 2.1% as suggested from 2016 to 2017. 

• Consulting profits of $7.2 billion reduced 1%. 

• expertise functions & Cloud systems salary of $34.2 billion lowered 3% as mentioned. 

• Infrastructure functions revenue of $22.7 billion declined 3.6% as mentioned.

virtually every tiny thing is shrinking. 

You might ask: What are infrastructure services? which might exist declining 3.6%? In IBM's language, "the trade mannequin is to convey productivity to customers after which develop by means of expanding the scope of work and adding current clients to the platform."

I haven't any thought what that capability. but I execute know they are trying to focus on augment while it's shrinking.

if you execute not believe me that IBM has an identity disaster, fake that i'm your friend and try to clarify to me what precisely it is that IBM does it really is germane to the evolution of the cloud industry.

consider of how one of the crucial different cloud giants own turn into deeply entwined in your company or personal life. 

My family consumes Apple-generated emojis outright day long. i am forced to fend off Apple's nonstop IOS and iCloud updates more commonly than my hungry cat. Apple is a lifestyle tech and OS juggernaut that is tremendously knowledgeable in each day nagging. 

Microsoft is deeply wired into both company and consumers with OSes, company software, and even some advantageous buyer capabilities. no longer an hour goes by the dwelling you will not own to touch Microsoft software or down load something from its cloud. 

Oracle can pay outright of your bills and continues track of your entire funds. 

can you travel a day with out using Google? did not contemplate so.

try stopping your household from the usage of Amazon best. 

IBM? identify a element. When did you closing own that mission-important chat with Watson? the place's your password to the Softlayer cloud? 

anybody?

Holy Linux. I simply realized, IBM may exist the dwelling tech businesses go to die. 

It is barely too darn complicated and disorganized. infatuation IBM's fiscal statements and annual reports. 

This company is a mess, folks. They execute not deserve to buy issues, or add issues, or combine issues. They deserve to exist broken up. it's infatuation your spouse asked you to lucid out the garage, and in its dwelling you just went outright the way down to Costco and acquired another garage. For $34 billion. 

I hope the most efficient for crimson Hat. but this is a titanic garage. And as soon as whatever thing is swallowed into the IBM garage, you'll improved pray for it. 

R. Scott Raynovich is the founder and chief analyst of Futuriom. for two decades, he has been overlaying a wide array of technology as an editor, analyst, and publisher. Most these days, he become VP of analysis at SDxCentral.com, which bought his previous technology website, Rayno record, in 2015. just before that, he became the editor in chief of light studying, where he labored for nine years. Raynovich has additionally served as funding editor at red Herring, where he outright started the titanic apple bureau and helped build the fashioned Redherring.com web page. He has gained a few trade awards, including an Editor & publisher award for top-rated trade blog, and his analysis has been featured by means of stylish media outlets together with NPR, CNBC, The Wall road Journal, and the San Jose Mercury news. He will moreover exist reached at [email protected]; observe him @rayno.

business Voices are sentiment columns written with the aid of outside contributors—commonly trade specialists or analysts—who are invited to the dialog via Fierce corpse of workers. They don't signify the opinions of Fierce.


The own an sequel on On IBM i Of huge Blue’s Acquisition Of crimson Hat | killexams.com real Questions and Pass4sure dumps

October 31, 2018 Timothy Prickett Morgan

neatly, they can truthfully whine that they did not perceive that coming when IBM and crimson Hat announced late eventual Sunday afternoon that massive Blue would exist shelling out $34 billion to acquire the realm’s most successful enterprise that peddles support for open supply infrastructure software.

mockingly, on the time I came about to exist writing about how IBM and crimson Hat had just announced that they'd introduced the OpenShift Container Platform, a mashup of Docker and Kubernetes, to vigour programs machines working Linux, and i turned into lamenting that it turned into now not trivial to determine the way to combine this software with the IBM i platform. I had some concepts, as I regularly do. IBM had a more direct one, and that is to purchase red Hat outright for such a immoderate premium – sixty two.eight % above the $20.53 billion market charge that Wall road had valued pink Hat at on the Friday before the information broke – that it doubtless will not perceive competitive bidders are attempting to swoop in and steal its current hat.

here's a tremendous amount of cash for IBM to blow on an acquisition – virtually 10 times what it paid for Lotus construction Corp in 1995 to rep the Domino platform, 46 instances what it paid for Tivoli equipment’s Netfinity device administration tools, and seven instances that it paid for Cognos for its information analytics tools back in 2008. Pricewaterhouse Coopers Consulting, the first huge deal that Ginni Rometty, IBM’s current president, chief government officer, and chairman, took down in 2002, freight $three.5 billion and tremendously introduced to what IBM world capabilities may do. Rational software in 2003 freight IBM one other $2.1 billion. in case you add outright the great offers that IBM has completed since 2000 and probably the small ones, too, it doubtless doesn't exceed $34 billion. So if IBM is blowing its money and borrowing in opposition t its credit lines and stopping its share buybacks in 2020 and 2021 to pay for crimson Hat, you ought to design it is fairly severe.

lethal serious, actually. Rometty needs to execute something it truly is coherent to the IT sector at significant and that offers her an enduring legacy on pointing IBM toward a future that provide sit an chance to exist an even bigger player in IT, not one this is steadily enshrinkening itself via divestitures and revolutionary profits declines. The acquisition moreover offers IBM a relatively comprehensive infrastructure platform that can Run by itself vigour programs and system z servers as neatly as the X86 servers which are offered by its many opponents.

purple Hat’s commercial enterprise Linux is generic to greater than a yoke of IBM i stores, and is with the aid of some distance the paramount Linux distribution within the business. it's likely essentially the most chummy Linux on the planet, in case you embrace the hundreds of thousands of customers the usage of RHEL as well as its CentOS clone, which the enterprise bought just a few years lower back. Their guess is that there are around 2 million machines in the world working RHEL and perhaps a different 2 million working CentOS. if you matter up outright the homegrown Linux cases in consume via seven of the super Eight hyperscalers and cloud builders – Google, Amazon, no longer Microsoft very a lot, and fb in the u.s. and Alibaba, Baidu, Tencent, and China mobile in China – there is likely easily one other 10 million to 12 million Linux servers in that combine, and adding outright of the supercomputing and technical computing that runs on Linux other than RHEL and CentOS plus the portion of company datacenters that's additionally not managed via crimson Hat probably give you whatever thing round 1 million machines. That gives Linux about a third of the withhold in foundation of forty five million servers on this planet, with the the repose primarily running windows Server. if you add up outright of the servers on earth operating IBM i, AIX, and z/OS plus every other operating materiel which you can respect of (there aren’t many alternate options left), that's probably somewhere round 1 million machines. Tops.

there is a understanding Microsoft remains prosperous. And this is it.

Now, IBM has withhold itself returned into contention with Microsoft, and that's probably a pretty excellent aspect for its lengthy-time epoch financial health. while we're passionate about IBM’s efforts to sell extra Linux on vigor techniques for concurrent workloads – outright of the current and fascinating simulation, modeling, computing device gaining knowledge of, and analytics software is at outright times developed on Linux systems, and so are container structures for microservices style functions – there isn't any approach that IBM may ever own constructed up the figure of trade purple Hat has executed by using pushing the Linuxes of others on its iron. I did a detailed evaluation of the financials of the deal over at the subsequent Platform, so if you need to perceive that, just hit the hyperlink. What you need to contemplate of prerogative here in IBM i Land is what the acquisition means for vigour techniques in ordinary and IBM i in certain, and as I said closing week, how IBM will execute a stronger job integrating pink Hat’s stacks with IBM – with out disrupting issues.

regardless of what Rometty and Jim Whitehurst, pink Hat’s chief government officer, noted prerogative through their convention convene on Wall road going over the deal, where they both proclaimed there isn't any overlap in products from the two agencies, here's strictly now not real and in spite of the fact that there is not overlap, there certainly is competitors. If even IBM doesn’t knock out its own items with those from purple Hat, it may suggest that pile on the indigenous IBM items slows and even stalls out.

Let’s seize just a few instances prerogative right here and now so you perceive my aspect:

  • red Hat has its personal OpenStack distribution, referred to as OpenStack Platform; and IBM has its own referred to as PowerVC.
  • pink Hat has a Docker container orchestration platform known as OpenShift; and IBM has IBM Cloud private, as they discussed closing week.
  • red Hat has a multicloud administration stack that works on the digital machine degree and may exist prolonged to containers with OpenShift on properly of it referred to as Cloud forms; IBM has its current IBM Multicloud supervisor for containers and has a slew of virtualization management materiel that it has offered over the years.
  • IBM sells AIX and IBM i on energy programs and z/OS and other working systems on its device z mainframes; Linux accounts for the majority of means bought on mainframes these days and has for years, and Linux is growing on vigour techniques as a percentage of capability bought. here is roundabout competition, intelligence you, however there you own it.
  • pink Hat sells JBoss Java utility middleware, and it makes loads of dough; IBM has WebSphere Java utility middleware and it makes lots of dough.
  • crimson Hat has the Gluster parallel file gadget and the Ceph object and shroud storage system; IBM has Spectrum Scale (formerly the generic Parallel File device or GPFS) and Cloud object Storage out on the IBM Cloud.
  • crimson Hat does not own tons in the way of relational database management programs; IBM has Db2 in its quite a lot of guises. each peddle open source databases and datastores from the open supply neighborhood.
  • IBM sells SUSE Linux trade Server and Canonical Ubuntu Server on vigor systems and device z mainframes.
  • pink Hat sells JBoss Developer Studio; IBM sells Rational Developer.
  • I don’t declare that here's an exhaustive list, nevertheless it hits the great conflicts and overlaps and it most actually is a non-zero number. IBM has dedicated to leaving red Hat greater or much less on my own, in a “different” division the dwelling Whitehurst experiences without detain to Rometty, and parts of purple Hat’s will exist said in its Hybrid Cloud division and different materials in international features, curiously. So there goes any visibility into what pink Hat is basically doing once this deal closes. however the precise challenge isn't so plenty that IBM should exist tempted to stream agencies from its personal types of infrastructure software to the crimson Hat types, or even wholesale off IBM i and AIX to Linux on energy with Db2 behind it. They don’t believe IBM will execute that, at least now not for a yoke of years after red Hat’s enterprise has been integrated and perhaps massive chunks of its infrastructure software. Their vicissitude is extra that IBM will not fund pile in its personal wares, and that AIX and IBM i stores will perceive application materiel that they consume whither from overlook.

    here is no longer anything any of us deserve to worry about for now, exceptionally with the deal likely now not closing for the stronger piece of a year. nevertheless it is crucial to maintain a watch on what IBM does with red Hat and what it doesn’t execute with its personal tools. and that's what they are able to do. it's why you preserve us around, in spite of everything.

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    000-081 System x Technical Principles V9

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    Model N Announces Fourth Quarter and Fiscal Year 2018 financial Results | killexams.com real questions and Pass4sure dumps

    SAN MATEO, Calif.--(BUSINESS WIRE)--Nov 6, 2018--Model N, Inc., (NYSE: MODN), the leading provider of cloud revenue management solutions for the pharmaceutical, medical device, semiconductor and towering tech manufacturing, today announced financial results for the fourth quarter and fiscal year, which ended September 30, 2018.

    “Model N exceeded its revenue and profitability guidance for the fourth quarter of fiscal 2018. I’m pleased with their cloud subscription growth and their profitability and cash flux illustrate the progress we’ve made in pile a scalable business,” said Jason Blessing, Chief Executive Officers of Model N. “After spending a significant amount of my first six months in the domain visiting customers, I’m convinced they deliver a mission captious application and own significant chance to expand existing customer relationships and start current ones in this dynamic market.”

    Fourth Quarter 2018 financial Highlights:

    Revenues: SaaS and maintenance revenues were $35.0 million compared to $29.6 million for the fourth quarter of fiscal 2017. Total revenues were $36.7 million compared to $35.6 million for the fourth quarter of fiscal 2017.Gross Profit: low profit was $21.9 million compared to $20.1 million for the fourth quarter of fiscal 2017. low margins were 60% compared to 57% for the fourth quarter of fiscal 2017. Non-GAAP low profit was $23.0 million compared to $22.7 million for the fourth quarter of fiscal 2017. Non-GAAP low margins were 63% compared to 61% for the fourth quarter of fiscal 2017.(Loss) income from operations: GAAP loss from operations was $(3.4) million compared to a GAAP loss from operations of $(7.2) million for the fourth quarter of fiscal 2017. Non-GAAP income from operations was $2.0 million compared to a Non-GAAP income from operations of $0.1 million for the fourth quarter of fiscal 2017.Net loss: GAAP net loss was $(3.6) million compared to a net loss of $(9.0) million for the fourth quarter of fiscal 2017. GAAP basic and diluted net loss per share attributable to common stockholders was $(0.12) based upon weighted mediocre shares outstanding of 31.3 million, as compared to net loss per share of $(0.31) for the fourth quarter of fiscal 2017 based upon weighted mediocre shares outstanding of 29.2 million.Non-GAAP net income (loss): Non-GAAP net income was $1.8 million as compared to a Non-GAAP net loss of $(1.7) million for the fourth quarter of fiscal 2017. Non-GAAP net income per share was $0.06 based upon weighted mediocre shares outstanding of 31.3 million, as compared to Non-GAAP net loss per share of $(0.06) for the fourth quarter of fiscal 2017 based upon weighted mediocre shares outstanding of 29.2 million.Adjusted EBITDA: Adjusted EBITDA was $2.5 million compared to $1.0 million for the fourth quarter of fiscal 2017.

    Fiscal Year 2018 financial Highlights:

    Revenues: SaaS and maintenance revenues were $135.9 million compared to $108.1 million in fiscal 2017. Total revenues were $154.6 million compared to $131.2 million for fiscal 2017.Gross Profit: low profit was $89.3 million compared to $70.1 million for fiscal 2017. low margins were 58% compared to 53% for fiscal 2017. Non-GAAP low profit was $94.5 million, compared to $79.5 million for fiscal 2017. Non-GAAP low margins were 61% compared to 58% for fiscal 2017.(Loss) income from operations: GAAP loss from operations was $(20.8) million compared to a loss from operations of $(38.6) million for fiscal 2017. Non-GAAP income from operations was $8.7 million compared to a Non-GAAP loss from operations of $(11.8) million for fiscal 2017.Net loss: GAAP net loss was $(28.2) million compared to net loss of $(39.5) million for fiscal 2017. GAAP basic and diluted net loss per share attributed to common stockholders was $(0.93) based upon weighted mediocre shares outstanding of 30.4 million as compared to net loss per share of $(1.38) for fiscal 2017 based upon weighted mediocre shares outstanding of 28.6 million.Non-GAAP net income (loss): Non-GAAP net income was $1.3 million as compared to Non-GAAP net loss of $(16.9) million for fiscal 2017. Non-GAAP net income per share was $0.04 based upon weighted mediocre shares outstanding of 30.4 million, as compared to Non-GAAP net loss per share of $(0.59) for fiscal 2017 based upon weighted mediocre shares outstanding of 28.6 million.Adjusted EBITDA: Adjusted EBITDA was $11.5 million compared to $(8.3) million for fiscal 2017.

    Use of Non-GAAP financial Measures

    A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial tables included in this press release.

    Business Highlights:

    Leading life sciences companies Novo Nordisk and Biogen, among others, subscribed to Revenue Cloud as piece of their SaaS transition program, which will enable each customer to migrate from an on-premise system to a modern SaaS solution.Seagate, a global leader in data storage solutions, expanded their usage of Revenue Cloud with a subscription to their Channel Data Management application.Our cloud optimization initiative, which centers on improving delivery and progress by powering Revenue Cloud with AWS's infrastructure, progressed this quarter with the transition of Edwards Life Sciences, Shionogi, Ipsen, and Allegro Microsystems, among others.Integra Life Sciences recently added an acquired trade unit to Revenue Cloud and in their next aspect they will roll out their cloud platform to their international trade units.

    Guidance:

    As of November 6, 2018, they are providing guidance for the first quarter of fiscal 2019 and the complete fiscal year ending September 30, 2019.

    Model N adopted ASC 606 nascence with its fiscal year 2019 using the modified retrospective method. The adoption of this accounting standard will exist a headwind to their fiscal year 2019 financial results. The cumulative sequel adjustment on total revenues is expected to exist approximately $7.1 million with $3.2 million related to their Subscription revenues and $3.9 million related to their Professional Services revenues. The adoption will moreover repercussion their sales commissions accounting. They will capitalize sales commissions in fiscal year 2019. They expect this will lower their fiscal year expense by approximately $1.0 million. Adjusted EBITDA is expected to exist negatively impacted by approximately $2.2 million, which represents the repercussion of the adoption on their Subscription revenues less the positive repercussion they expect to realize with the capitalization of their sales commissions expense.

    (1) The subscription cumulative sequel adjustment for the first quarter of fiscal 2019 is expected to exist approximately $1.1 million, and the adjustment for the complete year fiscal 2019 is expected to exist approximately $3.2 million. (2) The Company does not expect any cumulative sequel adjustment to Professional Services for the first quarter of fiscal 2019. The adjustment for the complete year fiscal 2019 is expected to exist approximately $3.9 million.

    Quarterly Results Conference Call

    Model N will host a conference convene today at 2:00 PM Pacific Time (5:00 PM Eastern Time) to review the company’s financial results for the fourth quarter and fiscal year 2018, which ended September 30, 2018. The conference convene can exist accessed by dialing (877) 407-4018 from the United States or (201) 689-8471 internationally with reference to the company denomination and conference title, and a live webcast and replay of the conference convene can exist accessed from the investor relations page of Model N’s website at investor.modeln.com. Following the completion of the convene through 11:59 p.m. ET on November 13, 2018, a telephone replay will exist available by dialing (844) 512-2921 from the United States or (412) 317-6671 internationally with recording access code 13683717.

    About Model N

    Model N is the leader in revenue management solutions. Driving mission captious trade processes such as configure, charge and quote (CPQ), compress and rebate management, trade intelligence, and regulatory compliance, Model N solutions transform the revenue lifecycle from a series of disjointed operations into a strategic end-to-end process. With abysmal industry expertise, Model N supports the intricate trade needs of the world’s leading brands in pharmaceutical, medical device, semiconductors and towering tech manufacturing across more than 120 countries, including Pfizer, AstraZeneca, Sanofi, Gilead, Abbott, Stryker, AMD, Micron, Seagate, STMicroelectronics, NXP, Sesotec, and Southern States. For more information, visit www.modeln.com.

    Model N® is the registered trademark of Model N, Inc. Any other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

    Forward-Looking Statements

    This press release contains forward-looking statements including, among other things, statements regarding Model N’s first quarter and complete year fiscal year 2019 revenue and expense, and other financial results as well as outlook for fiscal year 2019 and future prospects, including customer expansions and cloud migrations. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could vary materially from the results implied by these forward-looking statements. Risks include, but are not limited to: (i) delays in closing customer contracts; (ii) their faculty to better and sustain their sales execution; (iii) the timing of current orders and the associated revenue recognition; (iv) adverse changes in generic economic or market conditions; (v) delays or reductions in information technology spending and resulting variability in customer orders from quarter to quarter; (vi) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of current competitors and current applications and marketing initiatives by their competitors; (vii) their faculty to manage their growth effectively; and (viii) acceptance of their applications and services by customers; (ix) success of current products; (x) the risk that the strategic initiatives that they may pursue will not result in significant future revenues; (xi) changes in health trust regulation and policy and tax in the United States and worldwide; and (xii) their faculty to retain customers, and (xiii) acquisition-related risks from their acquisition of Revitas. Further information on risks that could affect Model N’s results is included in their filings with the Securities and Exchange Commission (“SEC”), including their most recent quarterly report on figure 10-Q and their annual report on figure 10-K for the fiscal year ended September 30, 2018, and any current reports on figure 8-K that they may file from time to time. Should any of these risks or uncertainties materialize, actual results could vary materially from expectations. Model N assumes no responsibility to, and does not currently intend to, update any such forward-looking statements after the date of this release.

    Non-GAAP financial Measures

    We own provided in this release financial information that has not been prepared in accordance with accounting standards generally accepted in the United States of America (“GAAP”). They consume these non-GAAP financial measures internally in analyzing their financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating their ongoing operational performance. They believe that the consume of these non-GAAP financial measures provides an additional tool for investors to consume in evaluating ongoing operating results and trends and in comparing their financial results with other companies in their industry, many of which present similar non-GAAP financial measures to investors.

    Non-GAAP financial measures should not exist considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below. A reconciliation of their non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.

    Our reported results embrace certain non-GAAP financial measures, including non-GAAP low profit, non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net (loss) income per share, and adjusted EBITDA. Non-GAAP low profit excludes stock-based compensation expense, acquisition & integration related expenses, deferred revenue adjustment and amortization of intangible assets. Non-GAAP income (loss) from operations and non-GAAP net income (loss) exclude stock-based compensation expense, amortization of intangible assets, and acquisition & integration related expenses, deferred revenue adjustment and valuation allowance resulting from Revitas acquisition as they are often excluded by other companies to assuage investors understand the operational performance of their trade and, in the case of stock-based compensation, can exist difficult to predict and therefore they own not provided a reconciliation of forecasted Non-GAAP results with GAAP. In addition, stock-based compensation expense varies from epoch to epoch and company to company due to such things as differing valuation methodologies and changes in stock price. Adjusted EBITDA is defined as net loss, adjusted depreciation and amortization, stock-based compensation expense, acquisition & integration related expenses, deferred revenue adjustment, interest (income) expense, net, and other (income) expenses, net, and provision (benefit) for income taxes. Reconciliation tables are provided in this press release.

    Use of Non-GAAP financial Measures

    To supplement their condensed consolidated financial statements presented on a GAAP basis, Model N uses non-GAAP measures of adjusted EBITDA, low profit, loss from operations, net loss, weighted mediocre shares outstanding and net loss per share, which are adjusted to exclude certain legal expenses, Channel Insight and Revitas acquisition related costs, deferred revenue adjustment and valuation allowance resulting from Revitas acquisition, stock-based compensation expense, amortization of intangible assets and includes dilutive shares where applicable. They believe these adjustments are confiscate to enhance an overall understanding of their past financial performance and moreover their prospects for the future. These adjustments to their current epoch GAAP results are made with the intent of providing both management and investors a more complete understanding of Model N’s underlying operating results and trends and their marketplace performance. The non-GAAP results are an indication of their baseline performance that are considered by management for the purpose of making operational decisions. In addition, these non-GAAP results are the primary indicators management uses as a basis for their planning and forecasting of future periods. The presentation of this additional information is not meant to exist considered in isolation or as a substitute for operating loss, net loss or basic and diluted net loss per share prepared in accordance with generally accepted accounting principles in the United States. Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and are subject to limitations.

    While a great component of their expenses incurred in certain periods, they believe investors may want to exclude the effects of these items in order to compare their financial performance with that of other companies and between time periods:

    (a) Stock-based compensation is a non-cash expense accounted for in accordance with FASB ASC Topic 718. Stock-based compensation is a non-cash item. They believe that the exclusion of stock-based compensation expense provides for a better comparison of their operating results to prior periods and to their peer companies. In the third quarter of fiscal year 2018, the Company issued Mr. Rinat 572,601 common shares, with unbiased value approximately $10.5 million, in connection with his transition agreement when he resigned as Chief Executive Officer and Chairman of Board. Mr. Rinat’s 375,234 performance-based restricted stock units were cancelled and the previously recorded expense of approximately $2.0 million was reversed into generic and administrative expenses.

    (b) Amortization of intangible assets resulted principally from acquisitions. Intangible asset amortization is a non-cash item. As such, they believe exclusion of these expenses provides for a better comparison of their operation results to prior periods and to their peer companies.

    (c) In January 2017, they acquired Revitas, as piece of the acquisition they incurred certain non-recurring integration costs. They believe that exclusion of these acquisition related adjustments and costs provides for a better comparison of their operation results to prior periods and to their peer companies.

    (d) Represents deferred revenue adjustment resulting from purchase charge accounting that is related to the Revitas acquisition and is a non-cash item. As such, they believe this adjustment provides for a better comparison of their operation results to prior periods and to their peer companies.

    (e) In the third quarter of fiscal 2018, they recorded approximately $3.1 million of expense in connection with the repayment of their first term loan, of which approximately $1.6 million is non-cash unamortized discounts and deferred financing costs and $1.5 million in prepayment penalty. The charges were recorded as interest expense.

    View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005861/en/

    CONTACT: Investor Relations Contact:

    ICR for Model N

    Staci Mortenson, 650-610-4998

    investorrelations@modeln.com

    or

    Media Contact:

    pr@modeln.com

    KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

    INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE PROFESSIONAL SERVICES ACCOUNTING OTHER PROFESSIONAL SERVICES

    SOURCE: Model N, Inc.

    Copyright trade Wire 2018.

    PUB: 11/06/2018 04:15 PM/DISC: 11/06/2018 04:15 PM

    http://www.businesswire.com/news/home/20181106005861/en


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    Here are 25 of the most innovative current projects using tech to assuage refugees and NGOs | killexams.com real questions and Pass4sure dumps

    From humble beginnings as a simple Facebook group I posted in September 2015, Techfugees has approach a long way. It was conceived as a vehicle to enthuse technologists about the plight of refugees by waking them up to the understanding that their innovation, startup mentality and design-led thinking could potentially bring new, scalable current solutions to the plight of displaced people. Today, Techfugees is an international non-profit with its own CEO, Joséphine Goube and a team based between London and Paris. Not heinous for a handful of posts on social media…

    What’s fascinating about the project as it’s developed is that, at the time, it was considered quite radical, perhaps even odd, to bring tech people into the equation. But simply watching the footage of refugees clutching smartphones as they fled war-torn regions and natural disasters made the tech world realize it can exist piece of the solution to many of the seemingly intractable problems refugees face.

    Techfugees has grown into a community of around 18,000 innovators outright over the world, supporting by way of their own projects or companies, via social media and taking piece in hundreds of dedicated events around the world. This includes more than 30 hackathons and an annual Global Summit, the second of which happened over the eventual two days in Paris. The Summit had over 500 participants, such as social entrepreneurs, engineers, designers, humanitarians, policymakers, researchers or repercussion investors, a great number of whom who own a refugee background. Speakers discussed and debate the different uses of technology for displaced people during the time of migration until arrival to their current host societies.

    The repercussion of climate change will antecedent the migration of 143 million people by 2050

    This year’s program looked at four main topics: Access to Rights and Information; Data Ethics; Social Inclusion; and Climate Migration. The eventual issue is now of even greater urgency in 2018. According to a study by the World Bank published earlier this year, the repercussion of climate change will antecedent the migration of 143 million people by 2050, bringing with it looming humanitarian challenges.

    Just infatuation at your typical tech startup conference, Techfugees has a similar programme: The Techfugees Global Challenges Competition. This showcases projects responding to the needs of displaced populations and pile technological products or services for them, based on Techfugees’ 8 guiding principles and addressing one of Techfugees’ five focus area: access to rights and information, health, education, employment and social inclusion. The applications went through an international Jury of experts who selected the 25 finalists from hundreds of applications, from 52 countries across the world, which pitched their project in front of an international Jury and Summit attendees.

    The 5 winners (described in their own words) were:

    Integreat (Germany)

    “Integreat is an information app and website tailored to the specific needs of both newcomers as the users of the app and municipal administrations as the content providers. It’s a mobile lead for newcomers. Multilingual. Offline. Free. Can they provide the people arriving in their city with outright germane information in their indigenous language as quickly as possible? Even without internet access and without confusing red tape? The result is an app called Integreat which passes on outright germane information in multiple languages to the newcomers. It is a holistic service ecosystem for cities, districts and organizations for the integration of people with a flight or migration background.”

    ShifraAustralia / USA“Shifra is not only a life-saving mHealth intervention, it is moreover a research project which aims to explore the social, cultural and geographic barriers to quality healthcare access many refugees experience, as cited by the refugees themselves. The Shifra web app is designed to better access to quality sexual and reproductive health care. It provides local, evidence-based health information in multiple languages for communities with varying levels of language and health literacy. Shifra moreover directs users to trusted clinics where they can access respectful and safe care. They work with local health networks to better their existing services based on the self-identified health needs institute in Shifra’s anonymous user trend data.”

    Antura and the Letters(Syria, Lebanon, Jordan, Turkey, Iraq and Egypt)“Antura and the Letters is an engaging mobile game that helps Syrian children learn how to read in Arabic and better their psychosocial well-being. Considering that most refugees own feeble smartphones and connectivity is always a challenge for them, the game runs on feeble devices (from 2010/2011), it’s very small to download (less than 80Mb on Android) and it does not require internet connection. Antura and the Letters is completely free and open source… and it has been designed in order to exist easily adaptable to other languages! That’s exactly what they want to execute next with the goal to reach and assuage as many children as viable around the world.”

    TaQadam(Lebanon)“In the era of machine learning and artificial intelligence, the data workers and annotators are the current programmers. From robots, drones, self-driving cars or e-commerce, the markets need for vision technology for artificial intelligence is extraordinary. One of the major pile blocks of such AI-powered recognition systems is image annotation delivered with a human input – data training. Today’s data is driving tomorrow’s AI products. To exist competitive in AI, innovation depends on having data-edge often more than a technology-edge, but 80% of data engineers’ time is spent on sourcing and preparing quality image data for AI models. TaQadam optimizes image annotation for data-driven companies with visual AI and delivers on-demand, vertical-specific, high-quality image annotation. With an API and a cloud architecture, they ensure a simple and secure way to build image data set with a towering accuracy and precision, while simplifying the process of sourcing human insights from dedicated and trained teams of TaQadam. TaQadam is a unique service on the market that brings a specialized on consume case teams that are pile AI together with the client. With gamification and mobile accessible work on TaQadam Android App, they transform the experience of annotation to fit the younger generations. They create work of the future: accessible, flexible, allowing fluidity, community pile and fun.”

    Refugees Are(Worldwide)“Refugees Are is a platform to anatomize news published globally around refugees, panoply their daily struggles as mentioned in the news and highlight sources of negative narrative. It moreover engages the public in classifying their news as “negative” or “positive” to raise more awareness in the language used by journalists and politicians when describing refugees and migrants. The goal is to tackle the problem of Xenophobia against refugees caused by the media which is affecting negatively their hope in integrating and starting a current beginning. ”

    And finally The Mohajer App won a special jury prize for its outstanding work assisting Afghan refugees in Iran in incredibly difficult circumstances:

    The Mohajer AppAndroid / IOSIran, US, Canada and UK“The Mohajer App was created with the support of Afghan communities inside Iran to address their needs. The app was completed with a group of paid and voluntary refugee-rights attorneys, advocates and technologists. Mohajer has two features: – The “Get Informed” section provides information for users concerning Iran’s immigration policy, the rights of Afghans in Iran, and resources that are available for concerns such as health, education, combatting from discrimination and more; the list continues to expand as users share their needs. The section moreover provides a list of support groups that their team has verified directly. The “Submit Report” feature enables users to share their everyday experiences as Afghans in Iran and support the larger community in addressing challenges by sharing information on events and experiences. The information on the app is moreover accessible offline, so as to support those without regular internet access.”

    Here’s a Run down of the repose of the 25 that pitched, in their own words:

    Challenge #1 – Access to rights & information

    TikkTalk (Norway)“Tikk Talk is an open marketplace for interpretation services for everyone who is in need for interpretation assistance. So far the platform handles 80% of outright assignments automatically, limiting the overhead costs which traditional agencies have. The platform moreover gives outright parties complete transparency which empowers them to gain better decisions. Because of the tech, interpreters are in the forefront deciding on their wage and which assignments they would infatuation to take. Before, Helse Førde (Hospital partner) switched to TikkTalk they only received 24% qualified interpreters now they receive 99% qualified interpreters.”

    Refugee Info Bus(United Kingdom, France, Greece)

    “Refugee Info Bus’s mission is simple. Operating at the frontlines of Europe’s ongoing refugee crisis, they provide excellent quality multilingual legal information and free Wifi to refugees on the straggle in, or having just arrived, in Northern France and in Greece. Their first Refugee Info Bus began life as an feeble horsebox, purchased, stripped-out, cleaned-up, and converted into a mobile office and Wi-Fi hotspot for refugees and asylum seekers animated in northern France. Within a year, they facilitated over 91,000 Wi-Fi logins and delivered more than 1,000 workshops to 50,000+ individuals on the UK and French asylum systems.”

    Refugee.Info(Greece, Bulgaria, Hungary, Serbia

    “In mid-2016, Refugee.Info pivoted to focus on social media to better serve the needs and preferences of users, which had drastically changed after borders closed in Europe in March of that year. Refugee.info hired local journalists to obtain and verify news and other up-to-date information about the context, as well as content professionals to optimize the information for social media, applying private sector content marketing principles to augment ROI. Now, refugees in Greece, Italy and the Balkans can message the page and receive a quick reply from a moderator who will work with the journalists and lawyers to provide accurate information, often sourced from their website or blog.”

    Challenge #2 – Health

    Connect 2 DrsMexicoThe platform of Connect2Drs was initially built to strive the private sector as a target market, and it still is. However, with the injury and lack of a excellent health insurance for mexicans – deported or refugees – people with disabilities and people who need medical attention at home with palliatives became their main goal.

    Doctor-XJordan“Doctor-X is a multi-language medical history mobile application and website with, for each refugee, a private account that the doctor can update when he does an operation on the refugee, in the language the doctor speaks. The program will gain it available in 5 languages in case the refugee goes to a current country and needs medical help.”

    IryoJordan“Until now, medical workers in camps used surpass spreadsheets to gain notes about patients. On top of that, medical workforce turnover is high, bringing additional confusion and inconsistency to surpass records. Iryo enables accurate medical history recording. Because data storage is decentralized with a copy on a local server, a second one on the patients mobile phone and a third one in the Iryo cloud, even if a patient arrives at a current refugee camp where the Iryo system is already in place, the doctor there will exist able to access the patient’s record.”

    MedShrUK/Worldwide“MedShr has been developed to enable doctors and healthcare professionals to share and dispute clinical cases for peer-to-peer learning and medical education. It is a private, professional, verified network for clinical case discussion between medical professionals. No patient information is visible, outright cases are anonymous and members can consume the mobile app to rep consent from patients to share images. Beyond that, outright images and media are securely cloud stored with no images stored on the user’s device. Importantly, MedShr members are moreover able determine who can perceive and dispute their cases.”

    Challenge #3 – Education

    edSeed(United States, Gaza, Lebanon)“Edseed is about narrating stories of youth and bringing them closer to donors in the USA; participating in networking; and pile a network for higher education of refugees to address policy issues, mentor students.”

    Paper Airplanes(United States / Turkey, Lebanon, Jordan, KSA, Egypt, Iraq, Palestine)“Paper Airplanes (PA) is a nonprofit that uses video conferencing technology to provide free, peer-to-peer language and professional skills instruction to young adults and teens affected by fight in the Middle East and North Africa. PA works to support these individuals to pursue their educational and employment goals and ultimately rebuild their lives. PA teaches English and Turkish to youth and adults, journalism to subject journalists, and beginners’ coding skills to women. By using virtual communication technology to provide live instruction, PA is able to reach internally displaced and refugee youth as well as underserved populations who may exist otherwise difficult to reach, including those inside Syria (approximately 50% of their students), young women and girls, and individuals in bucolic areas across the MENA region. Additionally, PA supplies computer tablets for select Youth Exchange Program participant recipients and scholarships to defray the cost of the IELTS and TOEFL exams for qualified PA graduates.”

    Power.Coders(Switzerland)“Powercoders’ solution is to offer intensive computer programming classes to refugees over a three month epoch and then dwelling them in an IT internship. As a result of the comprehensive training and subsequent placement, within a tiny less than a year their refugee graduates are exponentially better positioned to find and maintain an IT job in Switzerland, and many execute just that. The program is fully customized to address the challenges and issues that refugees may mug when trying to integrate professionally and the courses bask in an almost 100% internship placement success rate and subsequent 80% integration rate.”

    RefgueeEd.Hub(Greece)RefugeeEd.Hub is an open source online database that promotes promising rehearse in refugee education globally. RefugeeEd.Hub aims to raise the quality of education for refugees and displaced people by generating knowledge and fostering collaboration among global and local stakeholders working to provide education to refugees. RefugeeEd.Hub will support education innovators, multilateral institutions, global progress actors, education funders and government and policymakers to inform rehearse on the ground.

    Challenge #4 – EmploymentBitae Technologies(United States, Jordan)

    “Bitae Technologies aims to assuage global, mobile talent, infatuation refugees and migrants, carry their skills and experience with them in a secure, verified digital CV, addressing the lack of access to formal education and employment faced by refugees and other vulnerable populations. Bitae transforms non-formal learning and achievements into opportunities for refugees. They provide a platform to track, store and verify refugees’ non-formal learning and skills, creating a “digital backpack” of classes, workshops, internships and skills that together, can assuage a refugee straggle forward with education and employment. Bitae leverages mobile and blockchain technology to ensure that governments, international organizations, NGOs, educational institutions and employers are able to document non-formal learning and skills in the most inclusive, secure and transparent way. The Digital Backpack focuses on four key functions: creating badges and verifying skills, requesting and sending references, skills matching and skills assessment. Using existing tools, the platform makes it viable to create blockchain-backed credential badges that can exist stored and shared.”

    Human in the loopBulgaria – 2017“Human in the Loop is a social enterprise which employs and trains refugees to provide image annotation services to computer vision companies. It is a niche market that currently requires manual human input in order to train ML models to recognize images in a way that a human would, and Human in the Loop is piece of a growing community of “impact sourcing” enterprises that is dedicated to providing employment to vulnerable groups in this sector. The chance they are seizing is that image annotation is a very accessible type of labor that does not require previous education or professional skills, but which can open the door to more advanced tech jobs and freelancing skills, which are especially useful for migrants. In this way, they are empowering refugees to deserve a animated in a dignified way and gain skills, and they are turning them in “digital nomads” who are able to gain consume of the opportunities that remote digital work provides to people who are on the move. Human in the Loop works as an outsourcing trade with B2B sales. Their clients are companies from the computer vision, self-driving cars, drones, and satellite imager industry, which are training machine learning models.”

    Rafiqi(United Kingdom, Germany, Jordan)“Rafiqi is a matching tool that leverages artificial intelligence to connect refugees in real-time and in a customized way to the opportunities that are the most suitable to his/her profile and that would lead to lifelong employment. Currently, there is no single platform where resettled refugees can access and filter the wide compass of opportunities available to them, including jobs, trainings, mentorships and degrees, and where any organization (company/NGO/university) can seamlessly access and filter refugee talent. Refugees lack of knowledge of opportunities and of the prerogative opportunities is resulting in them being unemployed or being overqualified for what they are actually doing. Despite the existence of some refugee to jobs matching programs supported by governments and NGOs in countries infatuation Germany and the Netherlands, these matchings remain largely manual and limited in terms of intelligence. These matching efforts cannot scale well given the towering number of refugees and the diversity of their profiles, as well as the diversity of opportunities available to them.”

    Transformify Rebuild Lives Program(Worldwide / EU, Iraq)“The Rebuild Lives Program by Transformify exists to provide access to jobs and secure payment to displaced people as well as access to targeted eLearning to better their skills by using recruitment CRM leveraging HR-tech, fintech and AI to connect refugees with employers and provide access to secure payment even if the refugees own no permanent address or a bank account.”

    Challenge #5 – Social inclusion

    PLACE(France, Germany, United Kingdom)“PLACE runs Innovation Labs for migrants and refugees in Europe. These labs transform the people from migrants and refugees into Innovators – creators of solutions for European societies. The labs are 1 to 3-day immersive experiences that apply design thinking methodology to enable Innovators to identify problems, understand their users, develop solutions and then rapidly test and prototype these solutions with a diverse community of local stakeholders. Beyond the Labs, the Innovators own the chance to develop their projects through the network of the dwelling collective – actors in the private, public and civil society that perceive the value of diversity in migrant-led innovation and who want to exist a piece of it. In addition to innovative solutions, the labs moreover produce a current leadership model for Europe. Innovators who demonstrate motivation and willingness to seize on a role as a leader in migrant-led innovation are trained to exist dwelling Catalysts. The Catalysts are trained in interculturality, sourcing, public speaking, networking and lab facilitation. They are then given the chance to apply these learnings as facilitators in Labs throughout Europe.”

    Register of Pledges(Ireland)“The Register of Pledges project workstream are: Humanitarian Database of Pledges (Accommodation, Goods and Services) administered by Red Cross with back-office capabilities for pledge management and workflow and reporting capabilities; Open-source version of the technology is available on Github, a humanitarian data capture system with APIs and a translation interface; Evolve and open-source their Case Management System, to optimize Service User outcomes.”

    SchoolX(UK/Turkey)“SchoolX envision a shared economy model with volunteer teachers which embrace university students, educated refugees, retired teachers and other local volunteers, who will teach refugee students. Due to the challenge of limited access to education that these displaced people face, their solution is to recruit teachers within the refugee community and local community, and connect them with refugee students who are fervent to learn. The talents of these teachers are then harnessed to deliver rigorous and certified education to the students. Through this, volunteers, including refugee teachers, will moreover receive an allowance for their efforts as well. The solution, in a figure of an online platform, will provide training packages that involve not only fundamental tenets of teaching, but moreover pedagogical and psycho-social training for the volunteers to prepare them to approach refugee children in the most confiscate and empowering manner, The online platform will moreover serve as a database which will exist utilized to match teachers and students based on their needs, skills, availability, and geographical proximity in order to marshal flexible, face-to-face lessons.”

    SPEAK(Portugal, Spain, Italy, Germany)SPEAK is a crowdsourced language and culture exchange network, based on an Online2Offline model. outright processes are managed online, through a platform developed in-house, while the learning and sharing experience happens offline, allowing participants to establish a close relationship with one another. This model ensures a greater efficiency and minimization of fixed costs, allowing SPEAK to exist sustainable at scale while charging only a symbolic fee for its program. SPEAK empowers its participants by expanding their language and cultural skills, outright the while becoming piece of mutual support networks. Through a language and culture exchange, SPEAK connects migrants, refugees and locals animated in the same city. In creating bridges between migrants and locals, members often assuage each other with job offers or renting their first house in a current city thanks to the power of SPEAK communities. These networks are home to a multicultural community, based on equality and where cultural legacy is validated. In other words, SPEAK’s networks foster unity in diversity.SPEAK’s volunteer Buddy system empowers anyone with the willingness to share their language and culture, allowing for an “everyone a changemaker” attitude, which encourages an even greater participation in local public life. he sustainability of the initiative relies on the community and willingness to promote SPEAK’s values of an integrated and inclusive society.”



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