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ST0-119 exam Dumps Source : Altiris Client Management Suite 7.1(R) Technical Assessmen
Test Code : ST0-119
Test appellation : Altiris Client Management Suite 7.1(R) Technical Assessmen
Vendor appellation : Symantec
: 100 existent Questions
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LAS VEGAS – Cupertino, Calif.-primarily based Symantec Corp. launched version 7.0 of its Altiris customer programs and server management suites that, the business’s chief operating officer said, in challenging economic times will aid pressure down the cost of IT lifecycle management, and allow customers to improved combine the technology with their current IT infrastructure, be it from Symantec or these of alternative companies.
purchasers are “requesting a an impecunious lot shorter ROI” as well because the means to proceed to abridge utility deployment times across the corporation, mentioned Enrique Salem, Symantec COO, on the annual ManageFusion convention.
furthermore, Symantec has built-in workflow into the gadget administration platform “which allows us to integrate disparate applied sciences collectively,” pointed out Salem, adding that, in well-known, protection factor products undergo from fragmentation and for this intuition are error-inclined.
whereas the free up of edition 7.0 “changed into not a straightforward resolution,” stated Salem, the enterprise feels it is now in a position for launch in response to having accelerate the platform on about 7,000 machines internal Symantec.
among the many new facets in Altiris client management Suite edition 7 is smart application management to supply IT directors with introduced element around application audit and categorization, automated start of updates and enforcement of corporate guidelines, and reconciling that audit with exact software usage.
“We purposely moved far from simply calling it application start,” observed impress Magee, senior director of product management for endpoint administration with Symantec.
The license optimization capabilities, for example, allow companies to reconcile devices in utilize and metre their utilization, observed Magee, “and truly devour in mind when a application paraphernalia is required when one comes through procurement.”
an additional cost-saving enhancement are “integrated” energy management capabilities to in the reduction of dash and cost by hibernating PCs and displays “devoid of dropping management flexibility,” said Magee. It’s a convincing funds saver for corporations “with the aid of with no peril being more aggressive about dash management in your ambiance.”
In Altiris Server administration Suite version 7, Magee observed Symantec turned into seeking to goal “the elementary pieces of server management” that are fundamental to keeping device uptime and availability. Magee stated the edition includes “dramatically” enhanced built-in performance monitoring and alerting capabilities for supple deployments and sensible Metrics to opt for the premiere monitoring formula. there's additionally consolidated adventure management, through an savor console, that aggregates savor statistics and correlates the handle of incidents. And, enhancements around everyday management encompass better statistics visualization and an up-to-date reporting engine.
The typical enhancements in edition 7.0 are a stream against making the management suites greater conclusion-user concentrated, stated Magee, “to improve effectivity, automation, integration uncouth through the entire solid and their platform, which in flip promotes a far better managed and greater cozy paraphernalia and gives enhanced protection cost propositions there as neatly.”
“That performs neatly into this convergence of systems management and safety that they descry taking area in the market,” spoke of Magee.
Symantec acquired Altiris Inc. in 2007 with the intent of combining the Lindon, Utah-primarily based asset management supplier’s configuration management database capabilities with its own endpoint security management technology.
Paul Roberts, senior analyst for enterprise safety with Boston, Mass.-primarily based The 451 community, spoke of tough monetary times is a driver in the back of Symantec’s focus on technique automation and pulling collectively disparate pieces fondness backup, protection and application updates. corporations “are seeking for ways to rationalize and streamline their traffic strategies, reply to compliance rules which are asking them to accomplish things in manner that are predictable and repeatable and auditable,” talked about Roberts.
“The degree to which they're talking about this is the degree to which they're dawn to knit some of these up to now siloed applications and services inside their portfolio and tie them collectively and workflow is the glue,” observed Roberts.
Louisville, Kentucky-based mostly net hosting capabilities company MaximumASP has upgraded to the new edition 7.0 of Altiris Server administration Suite to manage its 2,200 production servers, a number of of that are situated remotely in Chicago.
The Altiris gadget administration platform has “grown with us,” observed MaximumASP programs engineer Bo Clark, recalling when there devour been simplest a thousand servers at the time of version 6.0 deployment. “What we’ve viewed up to now is it’s a lots greater person-pleasant interface, more intuitive,” eminent Clark, adding that MaximumASP continues to be within the manner of rolling out the components of the new version.
With version 7.0, methods engineer Cory Jet talked about MaximumASP has “a single pane of glass to devour their inventory, monitoring, catastrophe healing, patch deployment, uncouth below one unified platform instead of opened up throughout assorted application vendors.”
The addition of Microsoft Silverlight wealthy-internet utility expertise, pointed out Jet, provides “cleaner” functionality, enabling for example, the utilize of filters and views as a substitute of collections “so that they can dynamically construct an inventory of servers to utilize for a considerable number of initiatives instead of having to tediously travel through and add/eliminate servers from collections.”
an additional value add, pointed out Jet, is the software inventory skill to precisely song server usage and best pay for what they are in fact the utilize of.linked download Sponsor: Schneider ElectricWhy Cloud Computing is Requiring us to Rethink Resiliency on the part
Managing seller contracts, controlling hardware and application charges and optimizing IT belongings to meet organizational requirements constitute necessary chores for IT authorities. Symantec's Altiris Asset administration Suite 7.1 aims to net rid of the bother from IT asset management by means of giving businesses the unique counsel they deserve to design sensible, advised decisions. Such tools are a necessity in modern cost-conscious dwelling of work.
Altiris Asset administration Suite (AMS) culls information from Symantec's customer management Suite (CMS) and Server management Suite (SMS). AMS additionally integrates with an identical Microsoft discovery tools so IT departments can tap set aside in investments.merits
IT departments often discover it challenging to tease out relationships between hardware, utility, associated contracts, conclusion users and user companies. Altiris AMS takes away the ache of guessing who has what gadget, who has what installed on their device and when their licenses are due for renewal.
The downloadable suite offers a wizard that assesses no matter if a device meets the minimum product necessities and should add any missing applications if brought about — a fab role that saves the administrator time during setting up. After making certain that my hardware met the minimal product requirements just before the setting up, AMS downloaded effectively. The setting up and preliminary setup devour been painless.Why it works for IT
AMS's consumer interface logically divides hardware and utility. An software metering potential provides insight into which applications devour been set aside in, which devour been paid for and which can be getting used. Such suggestions makes this a convincing cost-slicing tool for IT.
IT managers can besides descry the complete cradle-to-grave lifecycle of an asset, including contracts of every kindly linked to hardware and application, purchase orders, carrier-degree agreements, warranties and even retirement and disposal documentation.
administrators can cipher total cost of possession through factoring in discoverable records reminiscent of purchase expenses, month-to-month upkeep prices or chargeback prices. it's viable to customise AMS to encompass fields specific to an organization and additionally add non-discoverable counsel to an asset, corresponding to an further can charge middle.
it's besides workable to designate who may additionally view asset assistance by using businesses, which proves useful for protection. for instance, IT corpse of workers can restrict asset visibility of a arm workplace to approved people in that office.dangers
AMS is optimized for and relies upon closely on its associated Symantec discovery equipment, CMS and SMS. figuring out these dependencies can besides prefer slightly of time and a few experimentation. based on Symantec, most deployments embrace AMS coupled with CMS.Symantec Altiris Asset management Suite 7.1
PRODUCT requirements: Altiris Asset management Suite requires the Symantec administration Platform, which includes the Symantec management Console, Database, Notification Server and Asset administration Suite accessories. The management Server need to be set aside in with .web Framework three.5 SP1 or above, web Explorer 7.0 or above, SQL Server 2005 or SQL Server 2008 and home windows Server 2008 R2 x64. The Workflow Server needs both windows Server 2003 or 2008, SQL Server 2005, windows Server 2008 R2, home windows IIS and Microsoft .net Framework three.5.
one of the vital massive news gadgets from Symantec ManageFusion this week changed into that Symantec is ultimately releasing Altiris client management Suite and Server administration Suite 7. (Most people simply check with these together as "Altiris 7.") in case you reckon (like I do) that VDI will evolve into just "the way" computers are carried out in just a few years, then you definitely probably besides conform with that when that happens, common agent-based mostly management tools are toast.
the new Altiris client administration Suite has uncouth types of wonderful elements which are essential for the *historic* means of doing issues--points fondness stock, discovery, patching, application distribution, imaging, and faraway handle. however the complete element of the "New computing device" of the long accelerate is to net faraway from that.
when they had been recording their Brian Madden television episode from ManageFusion this week, I got a desultory to parley with Randy cook, the inventor of SVS (Symantec's app virtualization product). Randy changed into working on SVS for Altiris when they were obtained by route of Symantec. He joked that the "true" purpose Symantec obtained Altiris become for his or her virtualization items, instead of for their typical customer management stuff. Of direction they shared a laugh to that, seeing that it's what his cramped neighborhood did inside Altiris. however after thinking about it, i am not positive Randy's shaggy dog chronicle is just too a ways off base.
with regards to the computing device, Symantec is the epitome of an "historic faculty" computer administration business. The desktops of the future will alternate that. after they explored this topic in this week's display, I stated Symantec's long term challenge, which they are dealing with from two fronts:
First, of direction, is that Symantec should seriously change themselves from managing the chaos of allotted physical pcs into an organization that manages the brand new laptop. And fondness every "laptop virtualization" seller today, Symantec doesn't devour any actual historical past during this house. the brand new computing device will reset the race with uncouth carriers almost ranging from scratch in 2010 or so. (probably around June? ;) Of path groups fondness Microsoft, Citrix, VMware, and Symantec devour efficient manufacturers now, and they hope that these manufacturers plus decent items will propel them to management within the New laptop space.
That leads us directly to Symantec's 2d challenge: these days, most computing device virtualization projects are seen throughout the lens of server virtualization. however both aren't without retard related (aside both having the note "virtualization" of their names), desktop virtualization is viewed as a logical extension of server virtualization. (And vice versa, besides incorrectly.) in the server virtualization area, there are what, fifty? 100? carriers offering "virtual endpoint management?" because the *server* virtualization americans birth to cerebrate about *computers*, they are going to are attempting to deliver the *server virt* providers with them. (VMware, anyone?)
In other words, Symantec is fighting it on two fronts. The customary desktop people who worship them are those who accomplish not definitely believe in the New pcs of day after today, so Symantec's fairness there won't capitalize them. And the server virtualization people of these days who reliance within the New computers of tomorrow should not devour any loyalty to Symantec.
The best respite is that point is on their aspect. (neatly, or not it's on everybody's side.) June 2010 can be when the know-how that can carry the brand new desktop may be in a position. The subsequent two or three years after that will be when americans dawn to set aside in oblige these things in mass, and Symantec should be positive that these people are pondering of them, whoever they're.
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www.armc.com Transforming charge With Computerized Physician Order Entry Project Lead: Terri Andrews, R.N. (MBA); Jesse Long, CIO Project Description: Implemented Sunrise Clinical Manager, an electronic health record solution that enables immediate, secure access to patient records, streamlines charge processes, and provides sophisticated clinical documentation capabilities.Alamance Regional Medical heart (ARMC)
Arapahoe House www.arapahoehouse.org
Electronic Document System and Backup Project Lead: David Andersen, Manager of Information Systems
Project Description: Converted uncouth paper records to an electronic system, streamlining operations between the multiple sites. After replacing its existing modem dial-up networks with a WAN and VoIP system, the IT team deployed a new electronic imaging and document management system, creating the basis for mostly paperless operations. The team worked with Double-Take Software to set up a virtual server environment consisting of four servers at its home site and two target servers at a remote site. They deployed Double-Take on each server to replicate and back up electronic information from the home site to the remote site.
Capital BlueCross www.capbluecross.comComprehensive SIM Addresses Healthcare Security Project Lead: Kent Podvin, Director of ITProject Description: Deployed ArcSight Enterprise Security Management to ensure protection of customer data while keeping it simple to access over the Web. Executives sought a security management solution that would allow the organization to prefer a comprehensive approach to logging, monitoring, and incident response, and demonstrating compliance with regulatory requirements such as HIPAA and those mandated by the Blue Cross and Blue Shield Association.
Health Net www.healthnet.comSpeech Technology Improves Member Service, Privacy Project Lead: Remus Siclovan, Senior Systems AnalystProject Description: Deployed Aspect Customer Self-Service, a speech-enabled software solution that automates transactions, provides more resources to service representatives, and improves performance on live calls.
Horizon Blue Cross Blue Shield www.horizonblue.comMessage-Oriented Middleware Deployment for SOA Project Lead: Raj Shekaran, Enterprise Application IntegratorProject Description: As fraction of its SOA (service-oriented architecture) effort, Horizon developed several reusable technology components, including PCP (Primary charge Physician) -- which allows members to change their PCP via several access channels -- and enhanced eligibility links to external CRM applications. This enhanced eligibility service, initially built to advocate fraction of a Blue Cross Blue Shield Association mandate, was upgraded to interface with Horizon's portals, customer service workstations, and Internet portals.
Horizon Blue Cross Blue Shield of New Jersey www.horizon-bcbsnj.comBarcode Asset Management Implementation Project Lead: Chris M. Digrindakis, Client advocate SpecialistProject Description: Produced new master database facilitated by Altiris Asset Management Suite. Modified existing database for each department via views that hold and display information to meet various needs. Sentinel traffic Solutions was chosen to design the GUI for the Intermec handheld scanning devices.
Humana Military Healthcare Services www.humana-military.comAutomated Customer Service: Web and Interactive Voice Response Project Lead: Rob Frayser, Senior Manager, Web-Based Systems; John Jones, Senior Systems ManagerProject Description: Integrated data systems across departments to automate manual functions. Deployed Intervoice for voice automation, giving customers a selection of speaking to an agent, as required in its government contract. Humana Military leveraged Microsoft’s Web evolution environment, in addition to Microsoft SQL Server. Both Web self-service features and voice automation devour helped Humana Military meet several top-level traffic objectives, including improved customer service.
Kuakini Health System www.kuakini.orgHIPAA Compliance With Information Leak Prevention Project Lead: Ron Uno, Manager, Information ManagementProject Description: Adopted Cerner’s Millennium Clinical Information Systems to prefer odds of an audit feature for tracking who is looking at confidential patient information. An add-on, Cerner's Sensage software, enhances the team's ability to audit and track patient information viewing. The IT team besides deployed PortAuthority for its information leak prevention initiative.
Mölnlycke Health charge (formerly Regent Medical) www.molnlycke.comBusiness Intelligence Infrastructure Project Project Lead: Susan Dean, traffic Intelligence ManagerProject Description: Implemented a traffic intelligence solution utilizing Cognos and Sky Solutions, a Cognos ally and systems integrator. It is expected to deliver thousands of staff hours per year while providing accurate information to management, sales staff, finance professionals, and outside vendors across the globe. The company has standardized its highly sophisticated traffic reviews for uncouth parts of the sales organization creating a new generation of reporting.
MedAvant Healthcare Solutions www.medavanthealth.comContent Filtering Project Lead: Robert Mims, Vice PresidentProject Description: Increased security by controlling outbound traffic and protecting confidential information by putting systems in dwelling by PortAuthority. The content filtering project required that the IT team reroute network traffic centrally. fraction of the preparation for this project was rolling out a new datacenter and new WAN circuits from Verizon traffic Services.
Memorial Healthcare www.MemorialHealthcare.orgSingle Sign-On Integration Project Lead: straightforward Fear, Project Manager in Information ServicesProject Description: Facilitated a SSO (single sign-on) solution to resolve the problem of too many passwords. Memorial Healthcare's core hospital information system is Meditech Magic, and the team besides incorporates other applications, such as Fuji Synapse PACS (Picture Archiving Communication System), a Philips Telemetry System, and the hospital's intranet. It ultimately employed Imprivata's OneSign SSO product, which provides a single authentication management platform for securing enterprise networks and applications.
Misys Healthcare Systems www.misyshealthcare.comAutomated Testing of Electronic Medical Records Application Project Lead: Carl Kaufmann, Automated Testing ManagerProject Description: Partnered with Questcon Technologies, a provider of software QA and performance solutions, to develop an automation framework and mitigate challenges in utilizing offshore scripting resources. Misys worked with Questcon to develop a keyword/database test automation framework for its EMR application. Although tangled to initially set up, this framework significantly reduced time spent later on maintenance. This framework besides allows Misys to easily add additional test cases in the future.
Nassau County Division of Health and Human Services www.nassaucountyny.govInfrastructure Migration Project Lead: Donald Rodgers, HHS Systems Manager for Information TechnologyProject Description: In order to establish the foundation for a real-time infrastructure, NCHHS turned to Unisys services and technology to enable migration from a Wang system to a 16-processor Unisys ES7000 enterprise server employing Intel Xeon processors MP and running Microsoft Windows Server 2003, Enterprise Edition, and SQL Server 2000.The HHS IT staff implemented a MSFT SQL Server environment while relying on Unisys technical experts to optimize the performance of the SQL database by properly sizing and configuring it so that thousands of transactions could be processed on a daily basis. With this migration project well under way, HHS management besides soon realized that their new ES7000 and Microsoft-based solution could be leveraged to address other key HHS strategic initiatives designed to further streamline operations and better serve county residents.
Northwestern Memorial Hospital www.nmh.orgWireless Infrastructure Deployment Project Lead: Chuck Colander, Director, Technology ManagementProject Description: In side One of the project, Northwestern Memorial Hospital deployed the MobileAccess Universal Wireless Network throughout its Chicago campus to advocate a variety of wireless technologies, including public cellular services, CPOE (computerized physician order entry), VoIP, and nurse-call systems on a common infrastructure. In side Two, the solution was extended to 766,000-plus square feet and now supports WLAN and uncouth major mobile carriers in the Chicago area. The hospital plans to further extend the MobileAccess solution to its new Prentice Women's Hospital scheduled to open in about a year.
Springhill Medical heart www.springhillmedicalcenter.comImproving ED with Sunrise Clinical Manager Project Lead: impress Kilborn, CIOProject Description: Automated procedures for triage, registration, order management, clinical documentation, prescription management, discharge/disposition planning, management reporting, and more.
Trygdeetaten www.nav.noebXML Messaging for Health InsuranceProject Lead: Oyvind Gjorven, Senior AdvisorProject Description: The National Insurance Scheme is the cornerstone of the Norwegian welfare system. Two years ago, the Directorate of Labour and Welfare (formerly the National Insurance Administration) initiated a project to supersede the EDI-based communications infrastructure it used to connect to its traffic partners. One of the core open standards in the new architecture is the ebXML Messaging OASIS Standard, ISO 15000-2. This International touchstone provides secure and accountable messaging of capricious payloads (EDIFACT and XML) and supports advanced functionality in areas such as routing, monitoring, message identification, and correlation. The ebXML message service provided by the NIA was built using Xenos terminalONE, an end-to-end, standards-based transaction gateway solution that expedites traffic transactions over the Internet and across disparate platforms.
West Park Assessment Centre www.westpark.orgCustomer Service InitiativeProject Lead: Jodi Starkman-Mendelsohn, DirectorProject Description: Streamlined processes to meet require by implementing the Ultimus BPM Suite. Since the initial implementation, WPAC has automated more than 57 processes, with 22 new process additions in the past two years. As a result of the automation of many captious processes, WPAC has seen a lessen in turnaround times by 27 percent and an estimated cost savings of $160,000 per year.
2006 INFOWORLD 100 WINNERS Top 10 FinalistsComputing/Tech Distribution/Supply ChainEducation monetary ServicesGovernment Health CareInsurance ManufacturingMedia/Multimedia PharmaceuticalsRetail ServicesSports TelecommunicationsTransportation Unspecified
BEIJING, May 25, 2017 (GLOBE NEWSWIRE via COMTEX) --
Gridsum Holding Inc. ("Gridsum" or the "Company") GSUM, +2.24% a leading provider of cloud-based big-data analytics, machine learning and artificial intelligence ("AI") solutions in China, today reported its unaudited monetary results for the first quarter ended March 31, 2017. The Company will hold a conference convene at 8:30 p.m. Eastern Time on May 25, 2017, or 8:30 a.m. Beijing Time on May 26, 2017. Dial-in details are provided at the finish of this release.
First Quarter 2017 monetary Highlights
"The first quarter of 2017 was another solid quarter with robust monetary and operating results," stated Mr. Guosheng Qi, Chief Executive Officer of Gridsum. "We are pleased to descry their topline continue its stout growth momentum, primarily driven by solid customer foundation expansion, which they target to grow by 30-40% in 2017, and a steady expand in just Revenue Per User ("ARPU"). Meanwhile, they are cheerful to report that for the third consecutive year, Gridsum was named one of the Top 10 companies in Beijing's high-tech Zhongguancun district in terms of the number of the patent applications filed. This is a stout testament to their innovation DNA and unwavering commitment to continuing to drive market leading R&D efforts. This commitment is exemplified by the fact that they devour filed 1,653 patent applications in China, of which 583 are big-data focused and 148 are explicitly Enterprise-AI focused, as of March 31, 2017. In addition, they devour consolidated uncouth of their AI activities strategically, technically and organizationally into a new division: Gridsum Prophet, which encompasses uncouth of their AI capabilities: machine learning, natural language processing, image recognition, predictive industry modeling, and scholarship graph. They believe that the increased smart features of their products that gain from this will continue to be key going forward in driving new customer acquisition and ARPU growth."
Mr. Qi continued, "We devour besides strengthened their partnership with Tencent Cloud, having jointly developed an integrated speech to text solution for court trials and conferences, which they devour the exclusive prerogative to dole in China's nationwide court system. They descry tremendous growth opportunities in front of us and will continue to penetrate into new markets, including monetary services and smart CRM. With their first-mover odds and cutting-edge technology, they will continue to enhance and build upon their product offerings and capitalize on the immense potential in the market. They believe they can further fortify their position as China's leading provider of cloud-based big-data analytics, machine learning and AI solutions, and generate powerful value for their shareholders going forward."
Mr. Michael Zhang, Chief monetary Officer of the Company, commented, "In the first quarter of 2017, their net revenues increased by 57.3% year over year to RMB100.6 million, driven by a solid 51.5% expand in their Enterprise revenues and 112.4% expand in e-Government and other revenues. The significant growth of their e-Government and other traffic was primarily driven by the better-than-expected performance in uncouth the three revenue streams of e-Government, new media and legal services with legal services, in particular, exhibiting exceptional growth. To fuel further topline growth, they will leverage their superior sales efficiency and continue their targeted investment in sales and marketing to broaden their market visibility. R&D will remain another key area of focused investment to strengthen their technology leadership and drive expansion into new products and services."
First Quarter 2017 monetary Results
REVENUES: Net revenues for the first quarter of 2017 increased by 57.3% to RMB100.6 million (US$14.6 million) from RMB64.0 million in the comparable age in 2016, driven by growth in Enterprise revenues and e-Government and other revenues.
Enterprise revenues increased by 51.5% to RMB88.9 million (US$12.9 million) in the first quarter of 2017 from RMB58.7 million in the comparable age in 2016. e-Government and other revenues increased by 112.4% to RMB13.8 million (US$2.0 million) in the first quarter of 2017 from RMB6.5 million in the comparable age in 2016. These growths were due to an increased number of customers as well as increased just revenue per customer.
COST OF REVENUES: Cost of revenues were RMB10.6 million (US$1.5 million), as compared with RMB9.3 million in the comparable age in 2016. The expand was primarily due to the RMB2.6 million increased cost of technical service fee, which was in line with total revenues growth.
GROSS PROFIT AND uncouth MARGIN: uncouth profit for the first quarter of 2017 increased by 64.6% to RMB90.0 million (US$13.1 million) from RMB54.7 million in the comparable age in 2016. uncouth margin for the first quarter of 2017 increased to 89.5%, as compared with 85.5% in the comparable age in 2016. The expand in uncouth margin was primarily attributable to the relatively larger portion of revenues coming from e-Government and other related sales, which devour a higher uncouth margin, and improved revenue contribution from Enterprise revenue due to optimized service offering.
OPERATING EXPENSES: Total operating expenses for the first quarter of 2017 were RMB139.0 million (US$20.2 million), as compared with RMB76.3 million in the comparable age in 2016. As a percentage of net revenues, operating expenses were 138.2%, as compared with 119.3% in the comparable age in 2016, primarily due to the increased sales and marketing expenses and research and evolution expenses.
LOSS FROM OPERATIONS: Loss from operations for the first quarter of 2017 was RMB49.0 million (US$7.1 million), as compared with RMB21.6 million in the comparable age in 2016.
NET LOSS ATTRIBUTABLE TO GRIDSUM'S ORDINARY SHAREHOLDERS: Net loss attributable to Gridsum's ordinary shareholders for the first quarter of 2017 was RMB57.2 million (US$8.3 million), as compared with RMB31.1 million in the comparable age in 2016. The expand was primarily due to the increased operating expenses, including the incremental expenses as a result of being a publicly listed company.
NON-GAAP NET LOSS ATTRIBUTABLE TO GRIDSUM'S ORDINARY SHAREHOLDERS: Non-GAAP net loss attributable to Gridsum's ordinary shareholders, which is defined as net loss attributable to Gridsum's ordinary shareholders before share-based compensation expense, for the first quarter of 2017 was RMB52.2 million (US$7.6 million), as compared with RMB28.4 million in the comparable age in 2016.
EBITDA: Loss before interest, income tax, depreciation and amortization for the first quarter of 2017 was RMB43.0 million (US$6.2 million), as compared with RMB16.1 million in the comparable age in 2016. The expand was mainly due to the expand in loss from operation of RMB27.4 million, an expand in alien exchange expense and other expense of RMB1.8 million, partially offset by depreciation and amortization expense of RMB2.3 million.
ADJUSTED EBITDA: Adjusted loss before interest, income tax, depreciation and amortization, which excludes share-based compensation expenses, was RMB38.0 million (US$5.5 million) for the first quarter of 2017, as compared with RMB13.4 million in the comparable age in 2016.
NET LOSS PER ADS ATTRIBUTABLE TO GRIDSUM'S ORDINARY SHAREHOLDERS: Net loss per ADS attributable to Gridsum's ordinary shareholders for the first quarter of 2017 narrowed by 38.3% to RMB1.92 (US$0.28), as compared with RMB3.11 in the comparable age in 2016.
NON-GAAP NET LOSS PER ADS ATTRIBUTABLE TO GRIDSUM'S ORDINARY SHAREHOLDERS: Non-GAAP net loss per ADS attributable to Gridsum's ordinary shareholders for the first quarter of 2017 narrowed by 38.4% to RMB1.75 (US$0.25), as compared with RMB2.84 in the comparable age in 2016.
Each ADS represents one Class B ordinary share. For purposes of determining net loss per ADS attributable to Gridsum's ordinary shareholders, the weighted just number of ordinary shares for the first quarter of 2017 was 29,735,166. As of March 31, 2017, total number of ordinary shares outstanding was 29,735,166.
Balance SheetAs of March 31, 2017, the Company had cash and cash equivalent of RMB183.4 million (US$26.7 million), time deposit of RMB68.8 million (US$10.0 million) and restricted cash of RMB258.1 million (US$37.5 million).
Recent Development: Launch of Gridsum Prophet AI Engine
The Company has recently consolidated uncouth of its AI activities, technically, organizationally and strategically, into a new division called Gridsum Prophet. Gridsum Prophet is directly headed by the Company's Chief Technology Officer, John Jiyang Liu. Gridsum Prophet encompasses uncouth of the Company's AI capabilities, including machine learning, natural language processing, image recognition, predictive industry modeling, and scholarship graph. It powers the Company's smart products and solutions across the matrix of clients and industry verticals. It besides allows the Company to descry cross-industry, client and demographic correlations and relationships to add further value for clients. Gridsum Prophet is increasingly key in creating new differentiated product features for the Company's existing products (e.g. marketing automation) and is central in defining and shaping new products, such as the Company's gregarious listening and brand management suite as well as the legal services suite and smart CRM product suites. Gridsum Prophet is besides instrumental in defining Gridsum's new product pipeline, such as the smart CRM and monetary services product suites. The Company sees the new division playing an increasingly key role in customer acquisition, ARPU growth, new product development, and others.
For the plenary year of 2017, the Company retains its previous outlook that net revenues are expected to be in the purview of RMB622 million to RMB634 million, representing approximately 57% year-over-year growth at the mid-point. These forecasts reflect the Company's current and preliminary view, which may be subject to change.
The Company will hold a conference convene on May 25, 2017 at 8:30 pm U.S. Eastern Time, or May 26, 2017 at 8:30 am Beijing Time to argue its monetary results.Participants may access the convene by dialing the following numbers: United States: +1-845-675-0437 International Toll Free: +1-866-519-4004 Hong Kong: +852-3018-6771 China Domestic: 400-620-8038 Conference ID: 22860602 The replay will be accessible through June 2, 2017 by dialing the following numbers: United States Toll Free: +1-855-452-5696 International: +61-2-8199-0299 Conference ID: 22860602
A live and archived webcast of the conference convene will be available through the Company's investor relations website at http://ir.gridsum.com.
This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, uncouth translations from RMB to USD were made at the rate of RMB6.8832 to US$1.00, the noon buying rate in result on March 31, 2017 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all.
Statement Regarding Unaudited Condensed monetary Information
The unaudited monetary information set forth above is preliminary and subject to potential adjustments. Adjustments to the consolidated monetary statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited condensed monetary information.
Use of Non-GAAP monetary Measures
In evaluating the Company's business, the Company considers and uses the following non-GAAP monetary measures as supplemental measures to review and assess the Company's operating performance: non-GAAP net loss attributable to Gridsum's ordinary shareholders, non-GAAP net loss per participate attributable to Gridsum's ordinary shareholders, EBITDA and adjusted EBITDA. The presentation of these non-GAAP monetary measures is not intended to be considered in isolation or as a substitute for the monetary information prepared in accordance with U.S. GAAP. Non-GAAP net loss attributable to Gridsum's ordinary shareholders is net loss attributable to Gridsum's ordinary shareholders before share-based compensation, non-GAAP net loss per participate attributable to Gridsum's ordinary shareholders is the per participate equivalent and non-GAAP net loss per ADS attributable to Gridsum's ordinary shareholders is the per ADS equivalent, EBITDA is net loss before interest income and expenses, income tax expenses and depreciation expenses, and adjusted EBITDA is EBITDA before share-based compensation.
The Company presents these non-GAAP monetary measures because they are used by the Company's management to evaluate the Company's operating performance and formulate the Company's traffic plans. These non-GAAP monetary measures enable the Company's management to assess the Company's operating results without considering the impact of non-cash charges, including depreciation expenses and share-based compensation, and without considering the impact of non-operating items such as interest income and expenses and income tax expenses. The Company besides believes that the utilize of these non-GAAP measures facilitates investors' assessment of the Company's operating performance.
These non-GAAP monetary measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP monetary measures devour limitations as analytical tools. One of the key limitations of using these non-GAAP monetary measures is that they accomplish not reflect uncouth items of income and expense that handle the Company's operations. Interest income and expenses, income tax expenses, depreciation expenses and share-based compensation devour been and may continue to be incurred in the Company's traffic and are not reflected in the presentation of adjusted EBITDA. Further, these non-GAAP monetary measures may disagree from the non-GAAP monetary measures used by other companies, including Gridsum's peer companies, so their utility for comparison purposes may be limited.
The Company compensates for these limitations by reconciling the Company's non-GAAP monetary measures to the most directly comparable U.S. GAAP monetary measures, which should be considered when evaluating the Company's performance.
Gridsum Holding Inc. is a leading provider of cloud-based big-data analytics, machine learning and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum's core technology, the Gridsum ample Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum's customers to identify tangled relationships within their data and gain new insights that capitalize them design better traffic decisions. The Company is named "Gridsum" to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company's mission is to capitalize enterprises and government organizations in China utilize data in new and powerful ways to design better informed decisions and be more productive.
For more information, please visit http://www.gridsum.com/.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "may," "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations from management in this announcement, Gridsum's monetary outlook as well as Gridsum's strategic and operational plans accommodate forward-looking statements. Gridsum may besides design written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could antecedent actual results to disagree materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum's pursuit of its goals and strategies; the unexpected developments, including late growth, in the digital intelligence market; reduced require for, and market acceptance of, Gridsum's solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and evolution activities; competitions in the digital intelligence market; PRC governmental policies relating to media, software, ample data, the internet, internet content providers and online advertising; and generic economic and traffic conditions in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum's reports filed with, or furnished to, the Securities and Exchange Commission. uncouth information provided in this press release and in the attachments is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.GRIDSUM HOLDING INC. UNAUDITED CONDENSED CONSOLIDATED balance SHEETS (All amounts in thousands) As of December 31, 2016 March 31,2017 March 31,2017 RMB RMB US $ ASSETS Current assets: Cash and cash equivalents 524,454 183,446 26,651 Time deposit 69,430 68,832 10,000 Restricted cash - 258,120 37,500 Accounts receivable, net 412,301 492,253 71,515 Prepayments and other current assets 160,087 178,869 25,986 Total current assets 1,166,272 1,181,520 171,652 Non-current assets: Property, paraphernalia and software, net 56,107 65,327 9,491 Other non-current assets 3,947 1,323 192 Total non-current assets 60,054 66,650 9,683 Total assets 1,226,326 1,248,170 181,335 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term bank loans 65,093 164,000 23,826 Accounts payable 12,150 7,214 1,048 Salary and welfare payables 54,779 32,834 4,769 Taxes payable 66,589 75,687 10,996 Deferred revenues 50,110 39,945 5,803 Advances from customers 106,570 93,092 13,525 Accrued expenses and other current liabilities 58,473 78,217 11,363 Total current liabilities 413,764 490,989 71,330 Total liabilities 413,764 490,989 71,330 Shareholders' equity: Total Gridsum shareholders' equity 812,231 756,866 109,959 Non-controlling interests 331 315 46 Total shareholders' equity 812,562 757,181 110,005 Total liabilities and shareholders' equity 1,226,326 1,248,170 181,335 GRIDSUM HOLDING INC. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (All amounts in thousands, except for shares, per participate and per ADS data) For the Three Months Ended March 31, 2016 December 31, 2016 March 31, 2017 March 31, 2017 RMB RMB RMB US$ Revenues: Enterprise 58,701 128,408 88,912 12,917 e-Government and other 6,482 30,008 13,766 2,000 Less: traffic tax and surcharges (1,222) (4,942) (2,094) (304) Net revenues 63,961 153,474 100,584 14,613 Cost of revenues (9,267) (21,794) (10,584) (1,538) Gross profit 54,694 131,680 90,000 13,075 Operating expenses: Sales and marketing expenses (24,141) (50,942) (51,323) (7,456) Research and evolution expenses (32,434) (47,508) (51,930) (7,544) General and administrative expenses (19,734) (25,959) (35,768) (5,196) Total operating expenses (76,309) (124,409) (139,021) (20,196) Income/(Loss) from operations (21,615) 7,271 (49,021) (7,121) Other income/(expense): Foreign currency exchange gain/(loss) 127 279 (1,229) (179) Interest income/(expense), net 106 (1,460) (1,978) (287) Other income/(expense), net 115 (1,117) (339) (49) Income/(Loss) before income tax (21,267) 4,973 (52,567) (7,636) Income tax expense - (28,387) (4,621) (671) Net loss (21,267) (23,414) (57,188) (8,307) Less: Net loss attributable to non-controlling interests (13) (10) (16) (2) Net loss attributable to Gridsum Holding Inc. (21,254) (23,404) (57,172) (8,305) Accretion to preferred shares redemption value (5,494) - - - Cumulative dividend to preferred shareholders (4,332) - - - Net loss attributable to Gridsum's ordinary shareholders (31,080) (23,404) (57,172) (8,305) Net loss (21,267) (23,414) (57,188) (8,307) Foreign currency translation adjustment, net of nil tax 2,081 21,574 (3,205) (466) Comprehensive loss (19,186) (1,840) (60,393) (8,773) Less: Comprehensive loss attributable to non-controlling interests (13) (10) (16) (2) Comprehensive loss attributable to Gridsum Holding Inc. (19,173) (1,830) (60,377) (8,771) Weighted just number of ordinary shares used in net loss per participate attributable to Gridsum's ordinary shareholders calculations: Basic and diluted 10,000,000 29,702,394 29,735,166 29,735,166 Net Loss per ordinary participate attributable to Gridsum's ordinary shareholders: Basic and diluted (3.11) (0.79) (1.92) (0.28) Net Loss per ADS attributable to Gridsum's ordinary shareholders: Basic and diluted (3.11) (0.79) (1.92) (0.28) GRIDSUM HOLDING INC. RECONCILIATION OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except for shares, per participate and per ADS data) For the Three Months Ended March 31, 2016 December 31, 2016 March 31, 2017 March 31, 2017 RMB RMB RMB US$ Reconciliation of net loss attributable to Gridsum's ordinary shareholders to non-GAAP net loss attributable to Gridsum's ordinary shareholders Net loss attributable to Gridsum's ordinary shareholders (31,080) (23,404) (57,172) (8,305) Share-based compensation 2,663 2,648 5,012 728 Non-GAAP net loss attributable to Gridsum's ordinary shareholders (28,417) (20,756) (52,160) (7,577) Weighted just number of ordinary shares used in net loss per participate attributable to Gridsum's ordinary shareholders and non-GAAP net loss per participate attributable to Gridsum's ordinary shareholders calculations: Basic and diluted 10,000,000 29,702,394 29,735,166 29,735,166 Net loss per ordinary participate attributable to Gridsum's ordinary shareholders: Basic and diluted (3.11) (0.79) (1.92) (0.28) Net loss per ADS attributable to Gridsum's ordinary shareholders: Basic and diluted (3.11) (0.79) (1.92) (0.28) Non-GAAP net loss per ordinary participate attributable to Gridsum's ordinary shareholders: Basic and diluted (2.84) (0.70) (1.75) (0.25) Non-GAAP net loss per ADS attributable to Gridsum's ordinary shareholders: Basic and diluted (2.84) (0.70) (1.75) (0.25) Reconciliation of net loss to EBITDA and adjusted EBITDA Net loss (21,267) (23,414) (57,188) (8,307) Interest (income)/expense, net (106) 1,460 1,978 287 Income tax expenses - 28,387 4,621 671 Depreciation and amortization expenses 5,280 7,496 7,603 1,105 EBITDA (16,093) 13,929 (42,986) (6,244) Share-based compensation 2,663 2,648 5,012 728 Adjusted EBITDA (13,430) 16,577 (37,974) (5,516)
Investor Relation Contact: ICR, Inc. Xueli Song Tel: +1 (646) 328-2510 Email: IR@gridsum.com
Copyright (C) 2017 GlobeNewswire, Inc. uncouth rights reserved.
NEW YORK, September 30, 2010 - Kamakura Corporation announced Thursday that version 5.0 of Kamakura’s industry-leading public solid default probability models has been released to clients around the world. The models released embrace a new version of Kamakura’s Jarrow-Chava reduced configuration default model, an enhanced implementation of the Merton model, and a new hybrid model which combines Merton default probabilities with the powerful explanatory variables used in the Jarrow-Chava approach. The new models devour been in evolution for more than two years. The version 5.0 default models are based on 1.76 million observations of public firms and 2,046 defaults. Separately, Kamakura has provided the Kamakura Risk Information Services Version 5.0 Technical pilot to clients and monetary services regulators around the globe. The Technical pilot provides a complete description of model inputs and coefficients and a plenary suite of Basel II-compliant tests of model accuracy.
The chart below reports the ROC accuracy ratio for the three new models and compares them to the KRIS version 4.0 Jarrow-Chava model and to the version 4.0 implementation of the Merton model of risky debt. The ROC accuracy ratio is based on the comparison of 3 billion pairs of one defaulting observation and one non-defaulting observation. The ROC accuracy ratio is the percentage of the time that the defaulting observation is correctly ranked as more risky than the non-defaulting observation. The chart below shows the ROC accuracy ratio for uncouth models for the accuracy of predicting default in month N, conditional on surviving through month N-1.
The graph shows that the version 5 models devour a 1month accuracy ratio of 95.10. The version 5 models are dramatically more accurate than legacy ratings and Kamakura’s version 4.1 models at uncouth maturities, particularly at the longer maturities. In fact, the 73.13 accuracy for predicting default in month 120 conditional on surviving 119 months is higher than the Merton model’s accuracy, 72.49, in predicting default in month 15 conditional on surviving 14 months. The reduced configuration Jarrow-Chava model, therefore, provides 105 months of “earlier warning” than the Merton models at a comparable smooth of accuracy. The stagy improvements in long accelerate accuracy flow from significant suggestions from the diverse KRIS client base, including insights previously announced from First Rand Bank in Johannesburg.
“During the credit crisis, it became starkly obvious to many market participants that legacy Merton default technology was discrepant with the many failures of monetary institutions around the world,” reported Dr. Donald R. van Deventer, Kamakura Corporation founder and CEO. “In a crisis, cash is king, and the reduced configuration framework can prefer odds of this insight that is ignored in the Merton framework. By extending the maturities of the KRIS default term structures to 10 years, they can now account for early warning of the next ‘business cycle in the making’ to KRIS clients. One of the reasons for the very tall model accuracy is the distinction that FNMA and FHLMC failed and then were rescued for some but not uncouth liability holders. The major rating agencies, contrary to credit default swap market ‘default’ definitions, ignored these failures of AAA-rated firms in their self-assessments released in February. KRIS 5.0 is based on the recognition that these failures, and those of many other firms, are too necessary to ignore.”
The KRIS default probabilities are available for 29,400 public firms in 33 countries. The KRIS service besides includes implied ratings and credit default swap spreads for uncouth 29,400 firms. KRIS default probabilities are available via the web site www.kris-online.com. KRIS default probabilities are besides made available via the Reuters 3000Xtra service for 2,000 firms and via file transfer protocol for KRIS “power users.” The KRIS default probabilities are integrated seamlessly in the KRIS-cpm credit portfolio manager simulation engine embedded in KRIS and with Kamakura’s enterprise wide risk management system, Kamakura Risk Manager. In KRIS-cpm, forward looking default probabilities are driven by econometric links to macro-economic factors. In Kamakura Risk Manager, these linkages can be supplied by either the user or from the KRIS data base. These relationships define the degree of correlation between the default probabilities and events of default for uncouth pairs of companies.
For a demonstration of KRIS and a complete review of KRIS model accuracy, please contact [email protected].
About Kamakura CorporationFounded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura, along with its distributor Fiserv, was ranked number one in asset and liability management analysis and liquidity risk analysis in the RISK Technology Rankings in 2009. Kamakura Risk Manager, first sold commercially in 1993 and now in version 7.1.2, was besides named in the top five for market risk assessment, Basel II capital calculations, and for “risk dashboard.” Kamakura was besides ranked in the RISK Technology Rankings 2008 as one of the world’s top 3 risk information providers for its KRIS default probability service. The KRIS public solid default service was launched in 2002, and the KRIS sovereign default service, the world’s first, was launched in 2008. KRIS default probabilities are displayed for 2,000 corporates and sovereigns via the Reuters 3000 Xtra service. Kamakura has served more than 200 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura’s risk management products are currently used in 33 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, the Ukraine, Eastern Europe, the Middle East, Africa, South America, Australia, Japan, China, Korea and many other countries in Asia.
Kamakura has world-wide distribution alliances with Fiserv, Sumisho Computer Systems, Unisys, and Zylog Systems making Kamakura products available in almost every major city around the globe.
For more information contact
Kamakura Corporation2222 Kalakaua Avenue, 14th Floor, Honolulu, Hawaii 96815Telephone: 1-808-791-9888Facsimile: 1-808-791-9898Information: [email protected]Web site: www.kamakuraco.com
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Magento [3 Certification Exam(s) ]
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mySQL [4 Certification Exam(s) ]
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Network-General [12 Certification Exam(s) ]
NetworkAppliance [39 Certification Exam(s) ]
NI [1 Certification Exam(s) ]
NIELIT [1 Certification Exam(s) ]
Nokia [6 Certification Exam(s) ]
Nortel [130 Certification Exam(s) ]
Novell [37 Certification Exam(s) ]
OMG [10 Certification Exam(s) ]
Oracle [282 Certification Exam(s) ]
P&C [2 Certification Exam(s) ]
Palo-Alto [4 Certification Exam(s) ]
PARCC [1 Certification Exam(s) ]
PayPal [1 Certification Exam(s) ]
Pegasystems [12 Certification Exam(s) ]
PEOPLECERT [4 Certification Exam(s) ]
PMI [15 Certification Exam(s) ]
Polycom [2 Certification Exam(s) ]
PostgreSQL-CE [1 Certification Exam(s) ]
Prince2 [6 Certification Exam(s) ]
PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real Estate [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
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Salesforce [5 Certification Exam(s) ]
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SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
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See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [4 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
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SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [135 Certification Exam(s) ]
Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trainers [3 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [33 Certification Exam(s) ]
Vmware [58 Certification Exam(s) ]
Wonderlic [2 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]
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is specialized in Architectural visualization , Industrial visualization , 3D Modeling ,3D Animation , Entertainment and Visual Effects .