News Article | May 9, 2017
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Rocket Fuel Inc. (NASDAQ: FUEL), a leading programmatic marketing platform provider, today announced financial results for the first quarter ended March 31, 2017. Financial Highlights for the First Quarter of 2017 GAAP Revenue: $95.2 million, 9% below last year's first quarter total of $104.7 million. Revenue derived from North America was $74.8 million, down 12% from last year's first quarter. Revenue from outside North America was $20.4 million, up 3% from last year. Platform Solutions revenue grew significantly year-on-year, representing 29% of total revenue in the first quarter versus 16% in last year’s first quarter. Media Services revenue represented 71% and 84% of total revenue in the first quarter 2017 and the first quarter 2016, respectively. Non-GAAP Spend: $99.1 million, down 7% compared to $106.3 million non-GAAP spend in the first quarter of 2016. Non-GAAP spend derived from North America was $76.8 million, down 10% from last year's first quarter. Non-GAAP spend from outside North America was $22.3 million, up 5% from last year. Platform Solutions revenue grew significantly year-on-year, representing 32% of non-GAAP spend in the first quarter versus 17% in last year’s first quarter. Media Services revenue was 68% and 83% of non-GAAP spend in the first quarter 2017 and the first quarter 2016, respectively. Non-GAAP Net Revenue: $47.4 million, down 24% compared to $62.2 million non-GAAP Net Revenue in the first quarter of 2016. GAAP Net Loss: $(22.5) million, or $(0.49) per diluted share compared to a net loss of $(20.8) million, or $(0.48) per diluted share, in the first quarter of 2016. Non-GAAP Adjusted EBITDA: $(2.6) million, substantially unchanged from the first quarter of 2016. Non-GAAP Adjusted Net Loss: $(12.1) million, or $(0.26) per diluted share, compared to an adjusted net loss of $(12.0) million, or $(0.28) per diluted share, for the first quarter of 2016. GAAP Net Cash Used in Operating Activities: $(14.8) million, compared to $(2.8) million in the first quarter of 2016. Non-GAAP Free Cash Flow: $(18.6) million, compared to $(7.5) million in the first quarter of 2016. Cash and Cash Equivalents: $62.8 million as of March 31, 2017, compared to $84.0 million as of December 31, 2016. Employee Headcount: 751 as of March 31, 2017, down from 917 in the first quarter of 2016. “Rocket Fuel’s first quarter was highlighted by 70% year over year spend growth in Platform Solutions. Our Platform business represented a record 32% of the quarter’s total spend, evidence of the progress we are making transitioning Rocket Fuel towards a platform-oriented software model. While we expect our Media Services business to continue to contract in the near term, we are encouraged by the growth in both adoption, and spend, from our platform services business,” commented Randy Wootton, Chief Executive Officer. “We believe total spend is a valuable new metric for investors as we transform to selling both technology and services versus selling solely a managed service,” added Stephen Snyder, Chief Financial Officer. “Our sharp focus on expenses and operational efficiency enabled us to deliver first quarter adjusted EBITDA results that were at the high end of our guidance range and flat with last year, despite a 7% decline in spend year over year. We believe we are making the right long-term decisions that will position Rocket Fuel for profitable growth over time.” Financial Outlook for the Second Quarter of 2017 For the second quarter of 2017, the Company expects: The Company does not reconcile its forward-looking non-GAAP financial measures, net revenue and adjusted EBITDA, to the corresponding GAAP measures due to the high variability and difficulty in making accurate forecasts and projections in respect to the interplay between revenue and the corresponding margins. Our Media Services and Platform Solutions have different media margins and the pace of the transition of some of our business from Media Services to Platform Solutions, the pace of adoption, or activation of existing Platform Solutions customers, and the corresponding future margins cannot be reasonably predicted. The GAAP measure net income includes stock-based compensation expense that is impacted by future hiring and retention needs, and the future share price of Rocket Fuel’s stock. Similarly, restructuring charges, which we exclude from our non-GAAP measure adjusted EBITDA, are impacted by future decisions and by actions involving our facilities that are difficult to predict. The actual amounts of these excluded items will have a significant impact on the Company’s GAAP net income. Accordingly, reconciliations of these two forward-looking non-GAAP financial measures to the corresponding GAAP measures are not available without unreasonable effort. The Rocket Fuel first quarter 2017 teleconference and webcast is scheduled to begin at 2:00 PM Pacific time on Tuesday, May 9, 2017. To participate on the live call, analysts and investors should dial 1-888-503-8175, or outside the U.S. 719-325-2393, at least ten minutes prior to the call. Rocket Fuel will post supplemental slides with the Company's latest financial results on http://investor.rocketfuel.com under Events & Presentations concurrently with this earnings press release. Rocket Fuel will also offer a live and archived webcast of the conference call, accessible from the “Investors” section of its website at http://investor.rocketfuel.com. We provide information relating to non-GAAP spend, non-GAAP net revenue, non-GAAP adjusted EBITDA, non-GAAP adjusted net income (loss), non-GAAP operating expenses and non-GAAP free cash flow, which are financial measures that have not been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). These non-GAAP financial measures have been included in this press release, or discussed on our teleconference and webcast, because they are measures used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget, and to develop short- and long-term operational plans. We define non-GAAP spend as GAAP revenue plus platform media costs for a portion of our sales arrangements (customers with revenue recognized on a net basis per GAAP). Media costs consist of costs for advertising impressions we purchase from advertising exchanges or other third parties. A limitation of non-GAAP spend is that it is a measure designed for internal purposes to assess market share and scale, and to plan for optimal levels of support for our clients that may be unique to Rocket Fuel. This may not enhance the comparability of Rocket Fuel’s results to other companies in the same industry that have similar business arrangements but present the impact of media costs differently. Our management compensates for this limitation by also considering the comparable GAAP financial measures of revenue, media costs and other costs of revenue. We define non-GAAP net revenue as GAAP revenue less media costs. A limitation of non-GAAP net revenue is that it is a measure designed for internal purposes that may be unique to Rocket Fuel and may not enhance the comparability of Rocket Fuel’s results to other companies in the same industry that have similar business arrangements but present the impact of media costs differently. Our management compensates for this limitation by also considering the comparable GAAP financial measures of revenue, media costs and other costs of revenue. We define non-GAAP adjusted EBITDA as GAAP net income (loss) before interest expense, other income (expense), net, income tax provision (benefit), depreciation and amortization expense (including amortization of capitalized software development expenses), stock-based compensation expense and related payroll taxes, acquisition and restructuring related expenses, and impairment charges. Non-GAAP adjusted EBITDA has a number of limitations, including the following: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future and non-GAAP adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; non-GAAP adjusted EBITDA is often considered an approximation of operating cash flow, but in our case excludes software development costs capitalized in a current period and excludes those costs as they are amortized over future periods; non-GAAP adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; non-GAAP adjusted EBITDA does not consider the potentially dilutive impact of equity-based compensation; non-GAAP adjusted EBITDA does not reflect acquisition and restructuring related expenses, the expenses capitalized for internal-use software, tax and interest expenses that may represent payments reducing the cash available to us; and other companies, including those in our industry, may calculate non-GAAP adjusted EBITDA differently, which reduces its usefulness as a comparative measure. Because of these limitations, our management considers non-GAAP adjusted EBITDA alongside other financial performance measures, including cash flow metrics, net income (loss) and our other GAAP results. We define non-GAAP adjusted net income (loss) as GAAP net income (loss) excluding stock-based compensation expense, amortization of intangible assets, impairment charges, acquisition and restructuring related expenses and the estimated tax impact of the foregoing items. A limitation of non-GAAP adjusted net income (loss) is that it is a measure that may be unique to Rocket Fuel and may not enhance the comparability of Rocket Fuel’s results to other companies in the same industry that define adjusted net income (loss) differently. This measure may also exclude expenses that may have a material impact on Rocket Fuel’s reported financial results. Our management compensates for these limitations by also considering the comparable GAAP financial measure of net income (loss). We define non-GAAP operating expenses as GAAP total costs and expenses less media costs, depreciation and amortization expense (including amortization of capitalized software development costs), impairment charges, stock-based compensation expense and related payroll taxes, and acquisition and restructuring related expense. Non-GAAP operating expenses has a number of limitations, including the following: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future and this measure does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; non-GAAP operating expenses is often considered an approximation of operating cash flow, but in our case excludes software development costs capitalized in a current period and excludes those costs as they are amortized over future periods; non-GAAP operating expenses does not reflect changes in, or cash requirements for, our working capital needs; non-GAAP operating expenses does not consider the potentially dilutive impact of equity-based compensation; non-GAAP operating expenses does not reflect acquisition and restructuring related expenses, the expenses capitalized for internal-use software, tax and interest expenses that may represent payments reducing the cash available to us; and other companies, including those in our industry, may calculate non-GAAP operating expenses differently, which reduces its usefulness as a comparative measure. Because of these limitations, our management considers non-GAAP operating expenses alongside other financial performance measures, including total expenses, cash from operating activities and our other GAAP results. In addition, we provide information about our non-GAAP free cash flow. We define non-GAAP free cash flow as the net cash provided by (or used in) operating activities less the cash used for purchases of property, equipment and software and for capitalized internal-use software development costs. A limitation of free cash flow is that it may be unique to Rocket Fuel and may not enhance the comparability of Rocket Fuel’s results to other companies in the same industry that define free cash flow differently from us. This measure also does not represent the residual cash flow available to us for discretionary expenditures or investments because we have mandatory capital leases and debt service requirements that may have a material impact on Rocket Fuel’s liquidity. Our management compensates for these limitations by also considering the comparable GAAP financial measure of net cash provided by (or used in) operating activities. For a reconciliation of non-GAAP financial measures to the nearest comparable GAAP financial measures, see “Reconciliation from GAAP Revenue to Non-GAAP Spend,” “Reconciliation from GAAP Revenue to Non-GAAP Net Revenue,” “Reconciliation from GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA,” “Reconciliation from GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income (Loss)”, “Reconciliation from GAAP Total Cost and Expenses to Non-GAAP Operating Expenses" and “Reconciliation from GAAP Net Cash Provided by (Used in) Operating Activities to Non-GAAP Free Cash Flow" included in this press release. These non-GAAP financial measures are not intended to be considered in isolation from, as substitutes for, or as superior to, the corresponding financial measures prepared in accordance with GAAP. This press release and the webcast of the same date contain forward-looking statements regarding future events and our future financial performance, including but not limited to expectations regarding total spend as a new metric; expected progress against achieving our strategic priorities; expectations regarding our platform solutions business and our media services business; expected changes in our customer and revenue mix and shifts in margins; our sales and marketing execution; industry trends; trends and growth in our business; technology; our customer, supplier and channel partner relationships; our operating expenses and cost structure; guidance for second quarter non-GAAP net revenue and non-GAAP adjusted EBITDA, and financial goals for fiscal year 2017. Words such as "expect," "believe," "intend," "plan," "goal," "focus," "anticipate," and other similar words are also intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from the results anticipated by such statements, including, without limitation: our limited operating history, particularly as a relatively new public company; fluctuations in our operating results, including but not limited to fluctuations due to seasonality; changes in customers; our history of losses; our access to capital on acceptable terms; our ability to achieve the expected benefits of our restructuring and operating efficiency plans; risks due to employee attrition and integration of new leadership and employees; risks associated with margin shifts in our business; our ability to adequately address competition; our ability to serve the needs of agencies and agency holding companies; and risks to our ability to make the right investment decisions with regard to new products, technology, infrastructure, sales strategies and strategic imperatives in our key markets, including international. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the caption “Risk Factors” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 16, 2017 and in subsequent SEC filings. These forward-looking statements are made as of the date of this press release and the related webcast, and the Company expressly disclaims any obligation or undertaking to update the forward-looking statements contained herein or therein to reflect events that occur or circumstances that exist after the date on which the statements were made. Rocket Fuel is a predictive marketing software company that uses artificial intelligence to empower agencies and marketers to anticipate people's need for products and services. Headquartered in Redwood City, Calif., Rocket Fuel has more than 20 offices worldwide and trades on the NASDAQ Global Select Market under the ticker symbol "FUEL." Rocket Fuel, the Rocket Fuel logo, Moment Scoring, Advertising That Learns and Marketing That Learns are trademarks or registered trademarks of Rocket Fuel Inc. in the United States and other countries.
News Article | May 9, 2017
Michael A. Heffron brings nearly 40 years of defense business experience including having served as President and Chief Executive Officer of DeLorme Publishing Company, Inc. from January 2011 until its sale to Garmin in March 2016. Mr. Heffron was also a member of the DeLorme Board of Directors. Mr. Heffron had a distinguished career at BAE Systems plc. with multiple leadership positions as the President of Electronics Intelligence & Support Operating Group (EI&S), Member of the BAE's Executive Committee (2007-2011), President of Platform Solutions Unit responsible for the design, development and production of systems for the commercial & military aviation markets (2006-2007), and as Head of BAE's newly formed Information Warfare business 2001-2006). Endeavor Robotics also proudly announces that LTC Charlie Dean, USA, RET has joined as VP of Sales Worldwide. Prior to joining Endeavor Robotics, Charlie held positions at QinetiQ North America as Director of Business Development, Co-Director of Engineering, and Senior Program Manager for Unmanned Systems, and as a career US Army officer. Charlie served 22 years in the US Army where he served as an Infantry officer and held a variety of leadership positions including Director of Operations and Customer Interface at the US Army Natick Soldier Research, Development, and Engineering Center. Charlie also held positions at Draper Labs as Senior Business Development Manager and at TIAX as EVP and VP of Commercialization and Deployment. Charlie holds a B.S. and M.S. in Mechanical Engineering from the United States Military Academy at West Point and from the Massachusetts Institute of Technology, respectively. "Not only have our robots been used to investigate and destroy many tens of thousands of IEDs, the robots' light weight, multi-functional, interoperable capabilities ensure that they can meet the demanding requirements of many varied user communities including dismounted warfighters, counter-IED organizations, HazMat and CBRNe teams, incident response teams in power plants or factories around the globe. We at Endeavor Robotics continue a long legacy of supporting our customers 24/7 with world-class robots while leading the advanced development of next-generation systems," said Charlie Dean, VP of Global Sales. "Endeavor Robotics leads the development and fielding of the most capable, robust, unmanned ground robots in the world. The additions of Mike and Charlie to our team positions us well to serve and maintain our 6,000 installed robots and to continue the rapid development of next generation systems needed for today's evolving threats," said Sean Bielat, CEO, Endeavor Robotics. Endeavor's robots serve on the front lines around the world. Endeavor Robotics brings an established leadership team with decades of experience integrating ground robotic systems, and the best roboticists who collaborate with end-users to develop robots for worldwide markets which operate in areas of conflict and in response to natural disasters. Everyday our robots protect our service men and women from IEDs, hazardous materials and other deadly threats. Endeavor Robotics specializes in delivering and supporting battle-hardened and adaptable robotics. We are committed to design, develop and manufacture tactical robotics in the United States, and to work with industry leaders and government partners to deliver innovative, reliable, and the easiest to operate robot solutions. Our family of robots includes the 5 lb FirstLook, the less than 20 lb SUGV, the man-portable PackBot, and the heavy-duty Kobra. To date, we have delivered more than 6,000 robots to more than 40 countries worldwide. Please visit www.endeavorrobotics.com to learn more. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/endeavor-robotics-announces-key-additions-to-board-of-directors-and-worldwide-sales-team-300453159.html
News Article | May 16, 2017
Paris, SAPPHIRENOW Annual Conference, Orlando, 16th May 2017 - Atos, a leader in digital transformation, and Inventy, an innovative software publisher for SAP solutions, announce a new partnership enabling Atos to rapidly deliver a wide range of new services to its customers allowing them to dramatically improve business agility, security and cost effectiveness of their SAP environments, in particular SAP HANA. The multi-year partnership with Inventy will allow Atos' customers to now benefit from Inventy's PERFORMER FOR SAP®, a Big Data platform combining advanced analysis and predictive functions. Driven by Big Data technologies, artificial intelligence and machine learning components, the platform scans hundreds of SAP systems against thousands of performance metrics in just a few seconds providing customers with invaluable insights including KPI calculations, benchmarking as well as ROIs of agility, security and cost effectiveness. Atos will have dedicated teams to deliver enhanced consulting and project services over the PERFORMER FOR SAP® platform. Atos will also be providing hosting services for the PERFORMER FOR SAP® platform on its bullion(TM) server,the most powerful in the world in terms of speed and memory providing the scalability and flexibility to manage the most extensive SAP platform globally. Leveraging a team of more than 12,000 experts and the experience gained in supporting more than 3 million SAP users, Atos delivers an end-to-end experience for SAP HANA customers, including awareness and visioning, strategy and design, deployment and simplification, and run and improvement services. This SAP HANA expertise and experience, strengthened through this new partnership with Inventy, is part of Atos' Digital Transformation Factory, which includes four end-to-end offerings created to foster the digital transformation of large enterprises and public organizations. Atos' expertise in delivering end-to-end SAP HANA solutions is reinforced by its positioning as a Leader in the Gartner Magic Quadrant for SAP Application Services, EMEA, based on its ability to execute and its completeness of vision. "This partnership with Inventy represents a major step forward in our intent to propose to our customers the best of the SAP HANA platform, driving immediate efficiencies in the development and deployment of the business accelerators they need in their digital transformation journey. Our customers may now build their high-level roadmap and SAP HANA business case in a few weeks compared to several months", said Ursula Morgenstern, Executive Vice President for Global Business & Platform Solutions at Atos. "Atos has joined the exclusive club of partners that use our disruptive technology PERFORMER FOR SAP®. Based on SAP HANA and created through the SAP Start Up program and French Tech program, this solution will give Atos a strong competitive advantage. For us, this is a great opportunity tobe part of the SAP strategy of such a global leader in digital transformation. This project will also be a chance for us to build the biggest SAP knowledge database to date and to refine our predictive model enabling us to bring stronger added value to all SAP customers", said David Houssemand, CEO & Co-founder, Inventy Atos and Inventy are exhibiting at SAPPHIRENOW Annual Conference in Orlando from 16th-18th May 2017 on booths #1245 and #1351 respectively. About Atos Atos is a global leader in digital transformation with approximately 100,000 employees in 72 countries and annual revenue of around € 12 billion. The European number one in Big Data, Cybersecurity, High Performance Computing and Digital Workplace, The Group provides Cloud services, Infrastructure & Data Management, Business & Platform solutions, as well as transactional services through Worldline, the European leader in the payment industry. With its cutting-edge technologies, digital expertise and industry knowledge, Atos supports the digital transformation of its clients across various business sectors: Defense, Financial Services, Health, Manufacturing, Media, Energy & Utilities, Public sector, Retail, Telecommunications and Transportation. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline. Atos SE (Societas Europaea) is listed on the CAC40 Paris stock index. About Inventy Inventy, an innovative technology company, helps large companies make their SAP® solutions fast, safe and cost-effective. Inventy has designed the first Big Data platform for continuous improvement of SAP® solutions: PERFORMER FOR SAP®. By combining predictive analytics and support in decision-making, PERFORMER FOR SAP® factually proves the use and added value of SAP® solutions and allows companies to measure and plan the best improvement scenarios. Thanks to its expertise and its capacity to innovate, Inventy achieved 2000% growth in 5 years. Inventy, through a team of 80 experts, assists more than 300 customers worldwide including Airbus, Arcelor Mittal, Coca-Cola, L'Oreal, P&G, Schneider Electric.
News Article | May 23, 2017
Additional features allow advertisers to bid on inventory that meets specific brand safety parameters on display, video, and mobile NEW YORK, NY--(Marketwired - May 23, 2017) - Integral Ad Science (IAS), the technology and data company that empowers the advertising industry to effectively reach and influence consumers everywhere, has expanded its integration with The Trade Desk, Inc. ( : TTD), a global technology platform for buyers of advertising, to offer brand safety data for desktop and mobile in-app video and display inventory through The Trade Desk platform. These enhancements make IAS the first company to provide mobile in-app brand safety data within The Trade Desk platform. IAS is also the first partner to provide its brand safety and fraud reporting directly in The Trade Desk platform for display and video inventory, making it easier for customers to access this data in one place. This exclusive reporting integration enables customers of The Trade Desk to dig deeper into log-level data, advancing each report to be more actionable, granular, and customizable to advertisers. Given the heightened attention to brand safety issues over the last year, the ability to protect against unsavory and inappropriate content has never been more critical for brands. Through this integration, advertisers can ensure their media buys meet specific brand safety parameters by only bidding on impressions that meet set standards across seven separate risk categories: adult content, alcohol, gambling, offensive language, illegal downloads, illegal drugs, and violence. "Brand safety is a growing concern especially for mobile, so we're giving advertisers the data to address it, and the proof that it worked," said Harmon Lyons, SVP, Business Development and Platform Solutions at Integral Ad Science. "Aligning with the Trade Desk made perfect sense given their commitment to bringing greater transparency to the programmatic ecosystem." "We're committed to helping advertisers tap into the inventory that aligns with their brand standards across all channels and devices," said David Danziger, VP of Data Partnerships at the Trade Desk. "Integrating IAS into our buying platform is a step toward ensuring our clients have consistent control over their campaign with brand safe inventory, as well as granular, actionable reporting to inform their decisions." Integral Ad Science (IAS) is a global technology and data company that builds verification, optimization, and analytics solutions to empower the advertising industry to effectively influence consumers everywhere, on every device. We solve the most pressing problems for brands, agencies, publishers, and technology companies by verifying that every impression has the opportunity to be effective, optimizing towards opportunities to consistently improve results, and analyzing digital's impact on consumer actions. Built on data science and engineering, IAS is headquartered in New York with global operations in twelve countries. Our growth and innovation have been recognized in Inc. 500, Crain's Fast 50, Forbes America's Most Promising Companies, and I-COM's Smart Data Marketing Technology Company. Learn more at www.integralads.com. The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize more expressive data-driven digital advertising campaigns across ad formats, including display, video, audio, native and, social, on a multitude of devices, such as computers, mobile devices, and connected TV. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across the United States, Europe, and Asia.
News Article | May 23, 2017
Additional features allow advertisers to bid on inventory that meets specific brand safety parameters on display, video, and mobile SYDNEY, AUSTRALIA--(Marketwired - May 23, 2017) - Integral Ad Science (IAS), the technology and data company that empowers the advertising industry to effectively reach and influence consumers everywhere, has expanded its integration with The Trade Desk, Inc. ( : TTD), a global technology platform for buyers of advertising, to offer brand safety data for desktop and mobile in-app video and display inventory through The Trade Desk platform. These enhancements make IAS the first company to provide mobile in-app brand safety data within The Trade Desk platform. IAS is also the first partner to provide its brand safety and fraud reporting directly in The Trade Desk platform for display and video inventory, making it easier for customers to access this data in one place. This exclusive reporting integration enables customers of The Trade Desk to dig deeper into log-level data, advancing each report to be more actionable, granular, and customizable to advertisers. Given the heightened attention to brand safety issues over the last year, the ability to protect against unsavory and inappropriate content has never been more critical for brands. Through this integration, advertisers can ensure their media buys meet specific brand safety parameters by only bidding on impressions that meet set standards across seven separate risk categories: adult content, alcohol, gambling, offensive language, illegal downloads, illegal drugs, and violence. "Brand safety is a growing concern especially for mobile, so we're giving advertisers the data to address it, and the proof that it worked," said Harmon Lyons, SVP, Business Development and Platform Solutions at Integral Ad Science. "Aligning with the Trade Desk made perfect sense given their commitment to bringing greater transparency to the programmatic ecosystem." "We're committed to helping advertisers tap into the inventory that aligns with their brand standards across all channels and devices," said David Danziger, VP of Data Partnerships at the Trade Desk. "Integrating IAS into our buying platform is a step toward ensuring our clients have consistent control over their campaign with brand safe inventory, as well as granular, actionable reporting to inform their decisions." Integral Ad Science (IAS) is a global technology and data company that builds verification, optimization, and analytics solutions to empower the advertising industry to effectively influence consumers everywhere, on every device. We solve the most pressing problems for brands, agencies, publishers, and technology companies by verifying that every impression has the opportunity to be effective, optimizing towards opportunities to consistently improve results, and analyzing digital's impact on consumer actions. Built on data science and engineering, IAS is headquartered in New York with global operations in twelve countries. Our growth and innovation have been recognized in Inc. 500, Crain's Fast 50, Forbes America's Most Promising Companies, and I-COM's Smart Data Marketing Technology Company. Learn more at www.integralads.com. The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize more expressive data-driven digital advertising campaigns across ad formats, including display, video, audio, native and, social, on a multitude of devices, such as computers, mobile devices, and connected TV. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across the United States, Europe, and Asia.
News Article | May 4, 2017
The current bidding process in programmatic channels relies on proprietary identifiers such as cookies, and thus often cannot translate consumer identity across buyers and sellers, or across devices. Adding identity resolution to programmatic advertising helps marketers to deliver more-relevant content and enhances the consumer experience. "Marketers love the fact that LiveRamp allows them to unify the people-based marketing they do with the most popular publishers with marketing in other channels," said Travis May, President and General Manager of LiveRamp. "There's huge demand for leveraging a deterministic, omnichannel identifier in the bidstream, as marketers want to improve their interactions with consumers by linking data from customer files and offline channels – such as in-store purchases – to media exposure in programmatic channels. The creation of this consortium will accelerate the delivery of this value to marketers and their partners in the digital media ecosystem." "Our clients are excited by the prospect of improved reach and precision in their marketing campaigns," said Michael Lamb, President of MediaMath. "And we are thrilled by the opportunity to establish the strong and consistent data protection policies that consumers deserve. Upgrading this foundational piece of the infrastructure puts us on solid footing, as programmatic grows to encompass all of digital." Consortium members will enjoy access to an identity framework built from pairing an encrypted version of an omnichannel, people-based identifier and a common, open cookie that resides on a shared, open domain. Each consortium member will adhere to a strict agreement requiring best practices with respect to privacy and security, including compliance with digital advertising industry self-regulatory code and applicable laws. Until now, the lack of a common, omnichannel, people-based identifier has created significant challenges for marketers, including the inability to coordinate campaigns across platforms, a lack of interoperability with the mobile web, and siloing across channels. The consortium solves these challenges by offering the following benefits to advertisers: "As the programmatic industry evolves to include the buying and selling of media across a variety of emerging channels, such as addressable TV and Internet of Things, there is a definite market need for a unique identifier that is neutral, and that can deliver the value that advertisers and agencies want without relying solely on Facebook and Google,” said Tim Cadogan, CEO of OpenX. “The lack of a unique identifier to date has been one of the biggest factors in fueling concerns around transparency, fairness and control in the digital advertising ecosystem, as well as one that has limited marketers' ability to achieve optimal results with programmatic advertising. This move to create a standard framework, while maintaining neutrality between players, is a big step in the right direction.” David Gosen, General Manager, Platform Solutions and SVP, International at Rocket Fuel, said, "This collaboration of businesses operating in the digital advertising space will contribute to more transparency and efficiency, which is great news for the internet and our industry. Vitally, it also creates greater relevance for the end consumer. At Rocket Fuel, we believe the future is about people, not devices, so partnering with others in the digital ecosystem to deliver this more widely is a positive move for all involved." "This is a natural extension of our already-deep partnership with LiveRamp and its IdentityLink service," said LiveIntent Founder and CEO Matt Keiser. "For marketers that leverage LiveIntent's platform for people-based marketing, the consortium expands the reach of identity-informed campaigns. For publishing brands, the consortium provides access to new identity-informed demand, increasing the value of their inventory. Marketers want access to their target audiences where they are spending time, irrespective of browser or device. Inventory sellers need to be able to provide identity resolution to buyers for targeting, measurement, and attribution. This consortium delivers what people-based marketing needs: success at the intersection of marketing and advertising." "Creating an open, people-based identifier across industry leaders is a major opportunity - this changes the programmatic landscape for the better, as it exposes unified methods of people-based buying to the open web," said Andrew Casale, President and CEO at Index Exchange. "We're extremely excited to be a part of this effort and believe it's another positive step towards greater transparency for the industry." About AppNexus AppNexus is an internet technology company that enables and optimizes the real-time sale and purchase of digital advertising. Our powerful, real-time decisioning platform supports core products that enable publishers to maximize yield; and marketers and agencies to harness data and machine learning to deliver intelligent and customized campaigns. For more information, follow us at @AppNexus or visit us at appnexus.com. Press contact: Josh Zeitz, email@example.com About LiveRamp LiveRamp offers brands and the companies they work with identity resolution that is integrated throughout the digital ecosystem, and provides the foundation for omnichannel marketing. IdentityLink transforms the technology platforms used by our clients into people-based marketing channels that improve the relevancy of marketing, and ultimately allow consumers to better connect with the brands and products they love. LiveRamp is an Acxiom company (Nasdaq: ACXM), delivering privacy-safe solutions to market and honoring the best practices of leading associations including the Digital Advertising Alliance's (DAA) ICON and App Choices programs. For more information, visit www.LiveRamp.com. Press contact: Alyssa Niemiec and Katie LeChase, firstname.lastname@example.org, 619-234-0345 About MediaMath MediaMath's technology and services help brands and their agencies drive business outcomes through programmatic marketing. We believe that good advertising is customer-centric, delivering relevant and meaningful marketing experiences across channels, formats and devices. Powered by advanced machine learning algorithms that buy, optimize and report in real time, our platform gives sophisticated marketers access to first-, second- and third-party data and trillions of digital impressions across every media channel. Clients are supported by solutions and services experts that make it simple to activate our technology. Since launching the first Demand Side Platform (DSP) in 2007, MediaMath has grown to a global company of nearly 700 employees in 15 locations in every region of the world. MediaMath's clients include all major holding companies and operating agencies as well as leading brands across top verticals. www.mediamath.com Press contact: Jesse Comart, email@example.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/appnexus-liveramp-and-mediamath-launch-technology-consortium-to-enable-people-based-programmatic-advertising-300451304.html
News Article | April 24, 2017
Le chiffre d'affaires de la division Infrastructure & Data Management (IDM) s'est élevé à 1 797 millions d'euros, en croissance de +0,8% à périmètre et taux de change constants. La Division a continué à afficher une forte croissance au premier trimestre dans les services Cloud grâce au déploiement du cloud hybride et à la montée en puissance de plusieurs grands contrats notamment en Amérique du Nord et en France. En outre, la Division a poursuivi son développement dans la gestion numérique du poste de travail (Digital Workplace) grâce à de nouveaux contrats en France, en Europe Centrale et dans la zone Ibérique. L'Allemagne a bénéficié notamment de la contribution du contrat Rheinmetall signé l'année dernière dans le secteur industriel. La France et Benelux & Pays Nordiques ont généré une croissance positive. L'Asie-Pacifique a affiché une solide croissance grâce à des volumes plus élevés dans les services financiers. Dans la Division Business & Platform Solutions (B&PS), le chiffre d'affaires s'est établi à 787 millions d'euros, en hausse de + 2,5% à périmètre et taux de change constants. L'accélération de la croissance a été portée par une plus forte dynamique des ventes et par une gestion des ressources qui a permis d'améliorer le taux d'utilisation. La croissance de la Division a en particulier été alimentée par des projets avec SAP, y compris de projets de mise en place de SAP HANA, mais également par une activité plus élevée en France de solutions cognitives Codex dans le secteur de l'énergie. L'Allemagne a affiché une croissance soutenue sur tous les marchés. La reprise de plusieurs nouveaux contrats a permis à l'Asie-Pacifique et à l'Europe Centrale de croître. L'activité de la Division Big Data & Cybersécurité est demeurée élevée, en hausse de + 13,4% à périmètre et taux de change constants. Le chiffre d'affaires s'est élevé à 162 millions d'euros. La croissance a été portée principalement par les activités de Cybersécurité, en particulier dans la gestion de l'identité et des accès en Amérique du Nord et en Allemagne. Les activités de Big Data ont principalement crû dans les supercalculateurs (HPC - High Performance Computing), en particulier au Royaume-Uni dans le domaine de la Recherche, et en France dans l'industrie automobile. Sous l'angle contributif à Atos, le chiffre d'affaires de Worldline s'est élevé à 365 millions d'euros, en progression de + 1,9% à périmètre et taux de change constants. Le chiffre d'affaires dans les Services Financiers a progressé de + 6,4% à périmètre et taux de change constants, notamment grâce à des volumes plus élevés et davantage de projets pour l'activité ATM en France et en Italie en Traitements Emetteurs. Dans les Traitements Acquéreurs, les volumes de service de prévention de la fraude ont crû en Belgique. L'activité Services Commerçants & Terminaux a bénéficié d'une forte dynamique en Inde suite à la mise en oeuvre de la Loi sur la démonétisation ainsi que des volumes d'Acquisition Commerçants plus élevés en Europe continentale. Le chiffre d'affaires de la ligne de service Mobilité & Services Web Transactionnels, les activités numériques comme la Trusted Digitalization, le e-Ticketing, le Connected Living et Educational Cloud ont permis de limiter les effets liés au contrat Radar en France qui affectera la croissance de Worldline pour la dernière fois au deuxième trimestre de cette année. Dans les activités de services informatiques, le ratio prise de commandes sur chiffre d'affaires a été de 100% pour IDM, 98% pour B&PS, tandis que celui de la Division Big Data & Cybersecurity a atteint 122%. Dans la division IDM, de nouveaux grands contrats ont été signés par exemple avec un grand groupe industriel et de l'aéronautique en France et avec Johnson & Johnson en Amérique du Nord pour des services de Digital Workplace, l'un des quatre piliers de la Digital Transformation Factory d'Atos. Le Groupe a également renouvelé son contrat avec Morgan Stanley. En B&PS, des contrats ont été signés avec un grand équipementier télécom scandinave et une organisation dans le domaine de l'emploi en France. Atos SE (Société Européenne), est un leader de la transformation numérique avec environ 100 000 collaborateurs dans 72 pays et un chiffre d'affaires annuel de 12 milliards d'euros. Fort d'une base de clients mondiale, Atos est le n°1 européen du Big Data, de la Cybersécurité et de l'environnement de travail connecté, et fournit des services Cloud, des solutions d'infrastructure et gestion de données, des applications et plateformes métiers, ainsi que des services transactionnels par l'intermédiaire de Worldline, le leader européen des services de paiement. Grâce à ses technologies de pointe et son expertise digitale & sectorielle, Atos accompagne la transformation numérique de ses clients dans les secteurs Défense, Services financiers, Santé, Industrie, Médias, Services aux collectivités, Secteur Public, Distribution, Télécoms, et Transports. Partenaire informatique mondial des Jeux Olympiques et Paralympiques, Atos est coté sur le marché Euronext Paris et exerce ses activités sous les marques Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify et Worldline. Le présent document contient des informations de nature prévisionnelle auxquelles sont associés des risques et des incertitudes, y compris les informations inclues ou incorporées par référence, concernant la croissance et la rentabilité du Groupe dans le futur qui peuvent impliquer que les résultats attendus diffèrent significativement de ceux indiqués dans les informations de nature prévisionnelle. Ces risques et incertitudes sont liés à des facteurs que les sociétés ne peuvent ni contrôler, ni estimer de façon précise, tels que les conditions de marché futures ou le comportement d'autres acteurs sur le marché. Les informations de nature prévisionnelle contenues dans ce document constituent des anticipations sur une situation future et doivent être considérés comme tels. Ces déclarations peuvent se référer aux plans, objectifs et stratégies d'Atos, de même qu'à des événements futurs, des revenus à venir ou encore des synergies ou des résultats qui ne constituent pas une information factuelle à caractère historique. La suite des évènements ou les résultats réels peuvent différer de ceux qui sont décrits dans le Document de Référence 2015 déposé auprès de l'Autorité des Marchés Financiers (AMF) le 7 avril 2016 sous le numéro d'enregistrement D.16-0300 et de son Actualisation déposé auprès de l'Autorité des Marchés Financiers (AMF) le 4 août 2016 sous le numéro d'enregistrement D.16-0300-A01. Atos ne prend aucun engagement et n'assume aucune responsabilité s'agissant de la mise à jour de l'information contenue dans ce document au-delà de ce qui est prescrit par la réglementation en vigueur. Les Entités Opérationnelles (Business Units) sont composées de l'Amérique du Nord (NAM: Etats-Unis, Canada et Mexique), l'Allemagne, le Royaume-Uni & Irlande, la France, le Benelux & Pays Nordiques (BTN : Belgique, Danemark, Estonie, Finlande, Luxembourg, Pays-Bas et Suède), Worldline, , les Autres Entités Opérationnelles comprenant l'Europe Centrale & de l'Est (CEE : Autriche, Bulgarie, Croatie, Grèce, Hongrie, Italie, Lituanie, Pologne, République Tchèque, Roumanie, Russie, Serbie, Slovaquie, Slovénie, et Suisse), la Zone Ibérique (Espagne et Portugal), Asie Pacifique (Australie, Chine, Hong Kong, Indonésie, Japon, Malaisie, Nouvelle-Zélande, Philippines, Singapour, Taïwan et Thaïlande), Amérique Latine (Argentine, Brésil, Chili, Colombie, Guatemala, Jamaïque, Mexique et Uruguay), Moyen Orient & Afrique (MEA : Afrique du Sud, Algérie, Arabie Saoudite, Bénin, Burkina Faso, Côte d'Ivoire, Egypte, Emirats Arabes Unis, Gabon, Liban, Madagascar, Mali, Maroc, Ile Maurice, Qatar, Tunisie, Turquie et Sénégal), Major Events, Global Cloud Hub, et Global Delivery Centers.
News Article | February 22, 2017
Proposed dividend +45% at € 1.60 per share in cash Bezons, February 22, 2017 - Atos, a global leader in digital services, today announces record results in 2016 and the over-achievement of all its 2016 financial objectives. Revenue was € 11,717 million, up +9.7% year-on-year, +12.8% at constant exchange rates, and +1.8% organically. Revenue grew by +1.9% organically in the fourth quarter, materializing the good sales momentum and the continued revenue trend improvement. This dynamism was particularly led by the Atos Digital Transformation Factory answering the strong demand of large organizations in their digital transformation. Operating margin was € 1,104 million, representing 9.4% of revenue, compared to 8.3% in 2015 at constant scope and exchange rates. This improvement by +110 basis points was notably resulting from more cloud based business and the continuous execution of the Tier One efficiency program through industrialization, global delivery from offshore locations, and continuous optimization of SG&A. In addition, operating margin benefitted from ongoing cost synergies including the integration of Unify. The commercial dynamism of the Group was particularly strong in 2016 with record order entry reaching € 13.0 billion, +16.2% compared to € 11.2 billion statutory in 2015. It represented a book to bill ratio of 111% in 2016, of which 119% during the fourth quarter of 2016. Full backlog increased by +11.9% year-on-year to € 21.4 billion at the end of 2016, representing 1.8 year of revenue. The full qualified pipeline represented 6.4 months of revenue at € 6.5 billion, compared to € 6.2 billion published at the end of 2015. Net income was € 620 million, +41.9% year-on-year and net income Group share reached € 567 million, +39.6%. Basic EPS Group share was € 5.47, +36.1% compared to € 4.01 in 2015 and diluted EPS Group share was € 5.44, +36.5% compared to € 3.98 during 2015. Free cash flow reached € 579 million in 2016, +47.3% compared to € 393 million in 2015, materializing a strong improvement of operating margin conversion rate to free cash flow, reaching 52.5% in 2016 compared to 43% in 2015 and in line with the circa 65% 2019 objective. Net cash position was € 481 million at the end of 2016. Thierry Breton, Chairman and CEO said: "In 2016, we achieved an excellent performance by overreaching all our financial commitments. Atos delivered revenue growth across all sectors, as well as record margin improvement and free cash flow conversion. Accelerating innovation in cybersecurity, automation, and analytics, mirroring the booming demand from our customers, combined with a rigorous execution of our strategy were the key factors of this success. Our very solid financial performance materialized the alignment of our comprehensive Digital Transformation Factory with rising client needs. With this record performance, Atos' teams have built a unique foundation to deliver our new 3-year plan "2019 Ambition", matching new expectations of our clients, gaining new market shares, driving more profitable growth and cash generation, while continuing to enhance value creation for our shareholders. Indeed, year after year, Atos Board of Directors has carefully designed a Group able to embrace the global digital transformation while offering stronger visibility and resilience in a less predictable environment. We can count on the now tier-one technological profile of Atos, on its very solid balance sheet, and on the quality and dedication of our 100,000 digital technologists to strengthen our leadership in digital transformation and to deliver stronger financials in 2017, the first year of the new 3-year plan." Operating margin: Between 9.5% and 10.0% of revenue. Free cash flow: Operating margin conversion rate to free cash flow between 55% and 58%. positive revenue organic growth and increasing operating margin in a context of successful transition of Atos' customers to hybrid cloud infrastructures Infrastructure & Data Management revenue was € 6,595 million, +0.9% at constant scope and exchange rates. The division continued the transformation of classic infrastructures to hybrid cloud environments. This resulted in positive organic growth, driven by significant revenue increase in transitional and transformation services. New services such as cloud orchestration, growing volumes, and new contracts globally compensated for the decrease in the unit prices, while increasing margin. This trend materialized in the US market which is particularly receptive to our Infrastructure & Data Management end-to-end offering, notably in manufacturing, health, and telco & media sectors. Germany grew in all markets with digital transformation projects for large customers, more particularly Industry 4.0. Asia Pacific also contributed to growth mostly thanks to higher volumes in Financial Services and in Telco, Media & Utilities. During the fourth quarter of 2016, revenue in Infrastructure & Data Management grew by +1.1%. Operating margin was € 682.9 million, representing 10.4% of revenue compared to 8.5% in 2015 at constant scope and exchange rates. This strong improvement by +190 basis points came from the top line and from the successful and faster than planned completion over 2016 of the integration and restructuring of the Unify service activities as well as from continued significant savings throughout all geographies. The successful migration to the Cloud of several customers' infrastructure also generated significant unit cost reductions. steady top line improvement quarter after quarter coupled with better project and workforce management Revenue in Business & Platform Solutions was € 3,194 million, up +0.8% organically. Growth acceleration mainly came from Germany and France increasing in all markets. The division continued to accelerate its revenue trend during the fourth quarter with +1.2% organic growth. Operating margin was € 206.1 million, representing 6.5% of revenue, an improvement of +20 basis points compared to last year at constant scope and exchange rates. The division is implementing a strong transformation plan to further increase its competitiveness and profitability as early as in 2017. high revenue growth led by a strong demand for state of the art solutions deriving in increasing operating margin Revenue organic growth in Big Data & Cybersecurity reached +12.8% at constant scope and exchange rates, leading to € 666 million revenue in 2016. Initially based in France in the public sector and to a lesser extent in Germany, the business was successfully expanded to most of the Group geographies with an increasing contribution from the private sector. The demand for High Performance Computing remained very strong in order to support the growing Big Data processing needs of our clients, as well as for encryption, access management solutions, and intrusion testing solutions. The demand also increased for security operating centers protecting customers on a worldwide basis and 24 hours a day. Operating margin was € 111.9 million, up by +9.7% compared to 2015 at constant scope and exchange rates and representing 16.8% of revenue. The division managed to keep this high level of operational profitability while focusing on top line in order to benefit from the strong existing demand. From a contributive perspective to Atos, Worldline revenue was € 1,261 million, improving by +3.7% organically. On a standalone basis, revenue reached € 1,309 million, up +3.5% at constant scope and exchange rates. Merchant Services & Terminals grew by +7.4% thanks to double digit growth in Commercial Acquiring in Benelux, but also India and Central Europe, and to the dynamic of the payment terminal business. Financial Processing & Software Licensing grew by +4.8% driven by more transaction volumes and customer projects. Mobility & e-Transactional Services successfully sold several new offerings in e-Ticketing and Connectivity Solutions, while, due to the termination of two historical contracts, revenue declined by -2.3% organically. During the fourth quarter, Worldline grew by +3.3% organically and integrated Equens, a leading European player in the payment industry. The first effects of the integration and synergy plan related to this acquisition enables Atos to start 2017 on very solid grounds. Contributive operating margin was € 196.9 million, or 15.6% of revenue, +130 basis points compared to 2015 at constant scope and exchange rates. This strong improvement was led by Merchant Services & Terminals, thanks to volume transaction growth, favorable pricing mix, and a tight cost control. Standalone OMDA increased by +90 basis points, reaching € 258.7 million and representing 19.8% of revenue. A detailed presentation of Worldline 2016 performance is available at worldline.com, in the investors section. In 2016, revenue grew organically in all the Group vertical markets: Manufacturing, Retail & Transportation remained the largest market segment of the Group (35% of total Group revenue) and grew by +0.6% organically to € 4 058 million in 2016. In this sector, Atos developed pioneering offerings in Industry 4.0 for manufacturing, digital payments and customer experience in retail, and transportation as a service. Manufacturing, Retail & Transportation revenue growth was led by Germany and South America. Public & Health was the second market of the Group (28%) with total revenue of € 3,329 million, up +3.8% organically. A specific focus was made in 2016 to build new offerings in Digital Transformation, more particularly on citizen centricity for central governments, smart cities and education, and patient centricity for healthcare. Growth mainly came from the Defense area in France and from North America. Big Data & Cybersecurity and Infrastructure & Data Management organic growth was particularly strong in Public & Health (+11.1% and +7.2% respectively), thanks to contract signatures with new logos and add-on businesses with existing clients. Telecom, Media & Utilities represented 20% of the Group revenue and reached € 2,352 million, an increase by +2.1% compared to 2015 at constant scope and exchange rates. Atos built new offerings focused on network infrastructure transformation, digital media, sport digitization with the Olympics, and Smart Grid in utilities. Most of the geographies generated growth in this market, more particularly in the US and Germany. Financial Services represented 17% of the total Group revenue at € 1,978 million, +0.4% organically compared to 2015. In the area of the Digital Transformation, the Group strongly focused on real time, customer-centric business engagement, digital payment transformation and fintech support for banking, as well as smart agility for insurance. These innovative offerings were developed in a fast moving regulatory environment for the customers of the Group. Worldline had a solid performance in that market with a double digit organic growth. While revenue increased by +1.8%, the Group improved globally its operating margin rate by +110 basis points in 2016, +140 basis points excluding pension schemes optimization one-offs. In 2016, Germany, North America, Worldline, France and "Other Business Units" contributed to the Group revenue organic growth: Global structures costs as a percentage of revenue increased by +20 basis points compared to 2015 at constant scope and exchange rates, mostly due to pension plan optimization booked in H1 2015. In 2016, the Group continued to execute its pension schemes optimization plan which resulted in € 41 million (recorded in H2 for the UK), compared to € 74 million in 2015. In 2016, the Group operating margin benefitted from the full effect of costs synergies on acquired businesses. The margin improvement was particularly visible in the main Business Units such as Germany, North America, the United Kingdom, France, and Worldline. The commercial dynamism of the Group was particularly strong in 2016 with a record order entry reaching € 13.0 billion, +16.2% compared to € 11.2 billion statutory in 2015. It represented a book to bill ratio of 111% in 2016 compared to 105% reached in 2015. Commercial activity was particularly strong during the fourth quarter of 2016 with a book to bill ratio of 119%. Commercial dynamism translated into healthy 2016 book to bill ratios in all Divisions. Infrastructure & Data Management book to bill ratio reached 109%. Business & Platform Solutions order entry represented 114% of revenue thanks to several contract wins in UK & Ireland in particular as well as in Benelux & The Nordics and in France. The level of booking was also high in Big Data & Cybersecurity at 130%. Worldline book to bill ratio reached 106%. In line with the dynamic commercial activity, the full backlog increased by +11.9% year-on-year to € 21.4 billion at the end of 2016, representing 1.8 year of revenue. The full qualified pipeline represented 6.4 months of revenue at € 6.5 billion, compared to € 6.2 billion published at the end of 2015. Operating income reached € 813 million in 2016, +38.0% year-on-year, resulting from the following items: Costs for staff reorganization, rationalization, and integration amounted to € 167 million compared to € 190 million in 2015, materializing the strong actions initiated in the second half of 2015 to significantly decrease the level of restructuring. Amortization of Purchase Price Allocation of acquired companies represented €-96 million. The amortization of the equity based compensation plans amounted to €-50 million, compared to €-33 million in 2015. Other items amounted to € 22 million compared to a charge of €-33 million in 2015. They included the gain on the sale of the share in Visa Europe to Visa Inc. for € 51 million, partially offset by a settlement in H1 of an old litigation in Germany. Net financial result was a charge of €-49 million, including the costs of pensions and of the straight bond issued mid-2015. Total tax charge was €-145 million, representing a decreased effective tax rate of 19.0% due to Tax Losses Carried Forward inherited from Bull acquisition. As a result, net income was € 620 million, +41.9% compared to € 437 million in 2015. Non-controlling interests amounted to € 53 million and were related to the minority shareholders in Worldline. Therefore, the net income Group share reached € 567 million, +39.6% compared to € 406 million in 2015. Besides, net income of Unify Software & Platforms discontinued operations benefited from the faster than planned integration and restructuring and reached € 12 million, above the target set at the time of the acquisition and a strong improvement compared to 2015, supporting the € 100 million 2017 EBITDA target. Basic EPS Group share was € 5.47, +36.1% compared to € 4.01 in 2015 and diluted EPS Group share was € 5.44, +36.6% compared to € 3.98 during 2015. Operating Margin before Depreciation and Amortization (OMDA) was € 1,375 million representing 11.7% of revenue, compared to € 1,200 million in 2015 (11.2% of revenue). As planned, total cash-out for reorganization, rationalization, and integration was €-149 million compared to €-238 million in 2015, fully in line with the € 150 million targeted in 2016. During 2016, capital expenditures totaled € 421 million, representing 3.6% of revenue, compared to € 441 million in 2015 (3.8% of revenue). Change in working capital negatively contributed by €-38 million, due to a growing activity in the public sector. It represented a positive €+49 million in 2015 mainly thanks to the optimization of Bull's working capital. Cash-out for financial costs was €-18 million (€-17 million in 2015) and tax paid was €-129 million compared to €-106 million in 2015. Finally, other items totaled €-40 million, compared to €-54 million in 2015. As a result, the Group free cash flow totaled € 579 million, an increase by +47.3% compared to € 393 million in 2015. The operating margin conversion rate to free cash flow, reaching 52.5% in 2016 strongly improved compared to 43% in 2015. Net acquisitions / disposals in 2016 amounted to €-707 million, mainly related to the acquisitions of Unify, Anthelio, Paysquare and Komerçni Banka Smartpay. Capital increase, mostly related to proceeds from stock-options totaled €+28 million in 2016 compared to €+58 million in 2015. As part of the sale of Visa Europe, the Group received €+36 million from Visa Inc. The cash-out resulting from the option for the payment in cash of dividend on 2015 results was €-47 million compared to €-31 million last year, roughly in line with the increase of the dividend per share from €0.80 to €1.10. As a result, Group net cash position as of December 31, 2016 was € 481 million, compared to € 593 million on December 31, 2015. The total headcount was 100,096 at the end of 2016 (including the Unify Software & Platforms discontinued operations), compared to 91,322 at the end of 2015. During the year, 5,200 staff joined the Group from Unify, 1,700 from Anthelio, and 1,200 from Equens, Paysquare, and Komerçni Banka Smartpay. During its meeting held on February 21, 2017, the Board of Directors decided to propose to the next Annual General Meeting of Shareholders a dividend in 2017 on the 2016 results of € 1.60 per share in cash, up by +45.4% year-on-year, and doubling in two years in line with the increase of the net Income Group share. Atos' consolidated and statutory financial statements for the year ending December 31, 2016, were approved by the Board of Directors on February 21, 2017. Audit procedures on these financial statements have been performed by the statutory auditors and their audit reports will be issued after the completion of the specific verifications required by French law and of procedures for the purposes of the Registration Document filing. Revenue and operating margin at constant scope and exchange rates reconciliation Currency exchange rates negatively contributed to revenue for a total of €-299 million, mainly coming from the British pound depreciating versus the Euro while the American dollar had almost no effect on a full year basis. Scope effects amounted to €+1,128 million. This was mainly related to the positive contribution of Xerox ITO (6 months for €+553 million), Unify (11 months for €+534 million), Equens, Paysquare, and Komerçni Banka Smartpay (3 months for €+78 million), and Anthelio (3 months for €+43 million). Other effects were related to (i) the early termination of the DWP WCA contract (2 months), (ii) the disposal of on-site services in France (2 months), and (iii) the sale of the Occupational Health business in January 2016 (12 months). Same effects as well as the reclassification of the cost of equity based compensation are reflected in the operating margin at constant scope and exchange rates. Today, Wednesday, February 22, 2017, Thierry Breton; Chairman and CEO, Elie Girard, Chief Financial Officer, and Patrick Adiba, Chief Commercial Officer, will comment on Atos' 2016 annual results and answer questions from the financial community during a conference call in English starting at 8:00 am (CET - Paris). You can join the webcast of the conference: Atos SE (Societas Europaea) is a leader in digital transformation with circa 100,000 employees in 72 countries and annual revenue of € 12 billion. Serving a global client base, the Group is the European leader in Big Data, Cybersecurity, Digital Workplace and provides Cloud services, Infrastructure & Data Management, Business & Platform solutions, as well as transactional services through Worldline, the European leader in the payment industry. With its cutting edge technologies, digital expertise and industry knowledge, the Group supports the digital transformation of its clients across different business sectors: Defense, Financial Services, Health, Manufacturing, Media, Utilities, Public sector, Retail, Telecommunications, and Transportation. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and is listed on the Euronext Paris market. Atos operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline. This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors behaviors. Any forward-looking statements made in this document are statements about Atos' beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos' plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2015 Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 7, 2016 under the registration number: D.16-0300 and its update filed with the Autorité des Marchés Financiers (AMF) on August 4, 2016 under the registration number: D.16-0300-A01. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law. This document does not contain or constitute an offer of Atos' shares for sale or an invitation or inducement to invest in Atos' shares in France, the United States of America or any other jurisdiction. Revenue organic growth is presented at constant scope and exchange rates. Operating margin is presented excluding the amortization of equity based compensation plans and free cash flow is presented excluding proceeds from equity based compensation. Business Units include North America (NAM: USA, Canada, and Mexico), Germany, the UnitedKingdom & Ireland, France, Benelux & The Nordics (BTN: Belgium, Denmark, Estonia, Finland, Luxembourg, the Netherlands, and Sweden), Worldline, and Other Business Units including Central & Eastern Europe (CEE: Austria, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Italy, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Switzerland, and Turkey), Iberia (Spain and Portugal), Asia-Pacific (APAC: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand), South America (SAM: Argentina, Brazil, Colombia, and Uruguay), Middle East & Africa (MEA: Algeria, Benin, Burkina Faso, Egypt, Gabon, Ivory Coast, Kingdom of Saudi Arabia, Lebanon, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal, South Africa, Tunisia, and UAE), Major Events, and Cloud & Enterprise Software. Atos decided, as early as upon its acquisition, to retain only a part of the Unify business. As a result, the Software & Platforms business, along with the customers and the countries that were planned to be managed through indirect channels, have been accounted for as discontinued operations since they are in the process of being disposed. Therefore, as Atos is well engaged in the disposal process for the Unify business it has decided to divest, financial KPIs presented in this document reflect only the business of Unify it will ultimately retain, unless otherwise expressly stated. The forward looking statement regarding the Unify business to be potentially disposed of is also provided separately. In the event that the disposal is not concluded at the latest at the release of H1 results, the business to be potentially disposed of will thereafter be integrated and reflected in the KPIs.
News Article | February 15, 2017
« Être leader du Gartner Magic Quadrant pour les services logiciels SAP au sein de la zone EMEA conforte notre position de prestataire de services SAP de bout-en-bout de référence et confirme que nous sommes le partenaire incontournable du secteur de la transformation digitale et de l'innovation, grâce à l'exploitation de SAP S/4HANA et la plateforme SAP Cloud », précise Ursula Morgenstern, Responsable monde Business & Platform Solutions chez Atos. « À mesure que nos clients adoptent des business models digitaux, nous les aidons à simplifier leurs opérations et à accélérer leur transformation grâce à notre investissement continu en matière de consulting SAP, d'implémentation, de services gérés et sur le cloud et les appliances. » Fort d'une expérience inégalée en tant que prestataire mondial de services SAP, Atos assure la mise en place et la maintenance de solutions SAP de dernière génération, permettant aux organisations d'accélérer leur transformation digitale. Le Groupe a mené l'une des plus importantes campagnes de déploiement SAP HANA à ce jour, en mettant à profit ses appliances bullion de premier plan et en assurant des services d'implémentation et opérationnels de bout en bout. Gartner ne cautionne aucun fournisseur, produit ou service décrit dans ses publications de recherche, et ne conseille pas aux utilisateurs de technologie de choisir uniquement les fournisseurs avec les notes les plus élevées. Les publications de recherche de Gartner comprennent les opinions de l'organisation de recherche de Gartner et ne doivent pas être interprétées comme des déclarations de fait. Gartner décline toute garantie, expresse ou implicite, concernant cette recherche, y compris toute garantie de qualité marchande ou d'adéquation à un usage particulier. Atos SE (Société Européenne), est un leader de la transformation numérique avec environ 100 000 collaborateurs dans 72 pays et un chiffre d'affaires annuel pro forma de l'ordre 12 milliards d'euros. Fort d'une base de clients mondiale, Atos est le n°1 européen du Big Data, de la Cybersécurité et de l'environnement de travail connecté, et fournit des services Cloud, des solutions d'infrastructure et gestion de données, des applications et plateformes métiers, ainsi que des services transactionnels par l'intermédiaire de Worldline, le leader européen des services de paiement. Grâce à ses technologies de pointe et son expertise digitale & sectorielle, Atos accompagne la transformation numérique de ses clients dans les secteurs Défense, Services financiers, Santé, Industrie, Médias, Services aux collectivités, Secteur Public, Distribution, Télécoms, et Transports. Partenaire informatique mondial des Jeux Olympiques et Paralympiques, Atos est coté sur le marché Euronext Paris et exerce ses activités sous les marques Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify et Worldline.