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SEI Reports Fourth-Quarter 2012 Financial Results

OAKS, PA -- (Marketwire) -- 01/30/13 -- SEI Investments Company (NASDAQ: SEIC) today announced financial results for fourth-quarter 2012. Diluted earnings per share were $.32 in fourth-quarter 2012 compared to $.25 in fourth-quarter 2011.


Consolidated Overview         For the Three Months    For the Twelve Months
(In thousands, except           Ended December 31,      Ended December 31,
 earnings per share)            2012      2011    %     2012      2011    %
                             --------- --------- --  --------- --------- --

Revenues                       $261,635  $226,247 16% $992,522  $929,727  7%
Net Income attributable to SEI   56,585    44,396 27%  206,848   204,959  1%
Diluted Earnings Per Share        $0.32     $0.25 28%    $1.18     $1.11  6%


"Our fourth-quarter 2012 results reflect the progress we have made in improving the fundamentals of our business," said Alfred P. West, Jr., SEI Chairman and CEO. "We are concentrating our efforts on maintaining highly-satisfied clients, growing new business events, controlling costs, and investing in projects critical to our future."

"In 2013 we will continue building a strong foundation for future growth in revenues and profits. Our focus on creating long-term sustainable growth is unwavering."

Summary of Fourth-Quarter and Year to Date Results by Business Segment


(In thousands)          For the Three Months       For the Twelve Months
                         Ended December 31,          Ended December 31,
                        2012       2011     %       2012       2011     %
                     ---------  ---------  ---   ---------  ---------  ---
Private Banks:
  Revenues           $  96,421  $  85,843   12%  $ 364,788  $ 348,122    5%
  Expenses              93,389     84,769   10%    357,001    339,339    5%
                     ---------  ---------        ---------  ---------
  Operating Profit   $   3,032  $   1,074  182%  $   7,787  $   8,783  (11%)
  Operating Margin           3%         1%               2%         3%

Investment Advisors:
  Revenues              52,476     45,106   16%    202,703    189,780    7%
  Expenses              31,706     27,613   15%    120,146    110,438    9%
                     ---------  ---------        ---------  ---------
  Operating Profit      20,770     17,493   19%     82,557     79,342    4%
  Operating Margin          40%        39%              41%        42%

Institutional
 Investors:
  Revenues              60,596     49,895   21%    227,889    210,027    9%
  Expenses              30,052     26,702   13%    116,546    106,585    9%
                     ---------  ---------        ---------  ---------
  Operating Profit      30,544     23,193   32%    111,343    103,442    8%
  Operating Margin          50%        46%              49%        49%

Investment Managers:
  Revenues              51,249     44,497   15%    193,484    177,975    9%
  Expenses              34,814     29,270   19%    127,525    115,963   10%
                     ---------  ---------        ---------  ---------
  Operating Profit      16,435     15,227    8%     65,959     62,012    6%
  Operating Margin          32%        34%              34%        35%

Investments in New
 Businesses:
  Revenues                 893        906   (1%)     3,658      3,823   (4%)
  Expenses               3,874      3,085   26%     14,954     11,559   29%
                     ---------  ---------        ---------  ---------
  Operating Loss        (2,981)    (2,179) N/A     (11,296)    (7,736) N/A

Totals:
  Revenues           $ 261,635  $ 226,247   16%  $ 992,522  $ 929,727    7%
  Expenses             193,835    171,439   13%    736,172    683,884    8%
  Corporate overhead
   expenses             11,929     10,875   10%     45,759     43,398    5%
  Noncontrolling
   interest
   reflected in
   segments               (318)      (442) N/A        (975)    (1,620) N/A
                     ---------  ---------        ---------  ---------
  Income from
   operations        $  56,189  $  44,375   27%  $ 211,566  $ 204,065    4%
  Operating Margin          21%        20%              21%        22%


Fourth-Quarter Business Commentary:

  • Revenues increased in fourth-quarter 2012 as compared to both fourth-quarter 2011 and third-quarter 2012. This was driven by an increase in Asset management, administration, and distribution fee revenues resulting from increased cash flows from new and existing clients and market appreciation in 2012.

  • Net income attributable to SEI increased in fourth-quarter 2012 as compared to both fourth-quarter 2011 and third-quarter 2012. This was driven by the increase in fourth-quarter 2012 revenues when compared to both periods.

  • Our average assets under management, excluding LSV, increased $22.0 billion, or 19 percent, to $138.5 billion in the fourth-quarter 2012, as compared to $116.5 billion during the fourth-quarter 2011, and increased $5.9 billion, or four percent, as compared to $132.6 billion during the third-quarter 2012 (See attached Ending and Average Asset Balances schedules for further details).

  • Sales events, net of client losses, during fourth-quarter 2012 totaled approximately $27.0 million and are expected to generate net annualized recurring revenues of approximately $21.7 million when contract values are fully realized.

  • Income from LSV increased in fourth-quarter 2012 to $25.0 million as compared to $23.4 million in fourth-quarter 2011 due to an increase in assets under management. Our ownership interest in LSV was approximately 40 percent in fourth-quarter 2012 and 41 percent in fourth-quarter 2011.

  • Equity in the earnings of unconsolidated affiliates was negatively impacted $1.3 million in fourth-quarter 2012 as a result of our cumulative share of the operating losses related to an ownership position we hold in a Shanghai-based wealth management firm.

  • In fourth-quarter 2012, we sold the SIV security, Gryphon, and as a result of the sale we no longer own any SIV securities. Net income attributable to SEI includes gains from SIV securities of $5.9 million in fourth-quarter 2012 compared to losses of $0.7 million in fourth-quarter 2011 and a gain of $3.4 million in third-quarter 2012.

  • The effective tax rates were 35.0 percent in fourth-quarter 2012 and 34.7 percent in fourth-quarter 2011 and 39.0 percent in third-quarter 2012. The decrease in the tax rate in fourth-quarter 2012 as compared to third-quarter 2012 was due to the accrual of taxes on the cumulative undistributed earnings of SEI Asset Korea in third-quarter 2012. As a result of the expected sale of SEI Asset Korea, we no longer consider the undistributed earnings to be indefinitely reinvested and therefore accrued U.S. deferred taxes on the cumulative undistributed earnings of SEI Asset Korea.

  • On January 3, 2013, President Barack Obama signed into law the American Taxpayer Relief Act of 2012 (the Act), which reinstated the research and development credit retroactively from January 1, 2012 through December 31, 2013. The accounting rules require the determination of current and deferred taxes be based upon the provisions of the enacted tax law as of the balance sheet date. Since the Act was not signed into law until January 2, 2013, the effect was not reflected in the tax provision for 2012. The effect of the 2012 research and development tax credit will be reflected in first-quarter 2013.

  • In fourth-quarter 2012, we purchased 1.9 million shares of our common stock for $41.7 million.

Earnings Conference Call
A conference call to review earnings is scheduled for 2:00 PM ET on January 30, 2013. Investors may listen to the call at www.seic.com/investors or listen at www.earnings.com, a service of Thomson Streetevents. The call may also be accessed at numerous financial services web sites including AOL and Yahoo. Investors may also listen to replays at these web sites, or by telephone at (USA) 1-800-475-6701; (International) 320-365-3844, access code 280364.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $458 billion in mutual fund and pooled or separately managed assets, including $201 billion in assets under management and $257 billion in client assets under administration. For more information, visit www.seic.com.

Many of the statements in this release may be considered "forward looking statements" and include discussions about future operations, strategies and financial results. Forward-looking statements are based upon estimates and assumptions that involve risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe our assumptions are reasonable, they could be inaccurate. Our actual future revenues and income could differ materially from our expected results. We have no obligation to publicly update or revise any forward-looking statements.


                          SEI INVESTMENTS COMPANY
                   CONSOLIDATED STATEMENTS OF OPERATIONS
                   (In thousands, except per share data)
                                (Unaudited)

                                                        Three Months Ended
                                                           December 31,
                                                       --------------------
                                                          2012       2011
                                                       ---------  ---------

Asset management, admin. and distribution fees         $ 190,980  $ 162,126
Information processing and software servicing fees        61,835     54,882
Transaction-based and trade execution fees                 8,820      9,239
                                                       ---------  ---------

Total revenues                                           261,635    226,247

Subadvisory, distribution and other asset mgmt costs      26,606     25,921
Software royalties and other information processing
 costs                                                     7,385      6,529
Brokerage commissions                                      6,406      6,816
Compensation, benefits and other personnel                90,441     74,609
Stock-based compensation                                   3,959      3,146
Consulting, outsourcing and professional fees             29,230     27,592
Data processing and computer related                      11,744     11,774
Facilities, supplies and other costs                      16,067     13,105
Amortization                                               7,845      7,257
Depreciation                                               5,763      5,123
                                                       ---------  ---------

Total expenses                                           205,446    181,872

Income from operations                                    56,189     44,375

Net gain (loss) on investments                             6,490       (552)
Interest and dividend income                               1,279      1,449
Interest expense                                            (115)      (100)
Equity in earnings of unconsolidated affiliates           23,701     23,431
                                                       ---------  ---------

Net income before income taxes                            87,544     68,603

Income taxes                                              30,570     23,750
                                                       ---------  ---------

Net income                                                56,974     44,853
                                                       ---------  ---------

Less: Net income attributable to the noncontrolling
 interest                                                   (389)      (457)
                                                       ---------  ---------

Net income attributable to SEI                         $  56,585  $  44,396
                                                       =========  =========

Diluted earnings per common share                      $    0.32  $    0.25
                                                       =========  =========

Shares used to calculate diluted earnings per common
 share                                                   174,540    178,412
                                                       =========  =========

Basic earnings per common share                        $    0.33  $    0.25
                                                       =========  =========

Shares used to calculate basic earnings per common
 share                                                   172,574    178,098
                                                       =========  =========




                          SEI INVESTMENTS COMPANY
                   CONSOLIDATED STATEMENTS OF OPERATIONS
                   (In thousands, except per share data)
                                (Unaudited)

                                                       Twelve Months Ended
                                                          December 31,
                                                     ----------------------
                                                        2012        2011
                                                     ----------  ----------

Asset management, admin. and distribution fees       $  723,630  $  669,788
Information processing and software servicing fees      236,190     222,417
Transaction-based and trade execution fees               32,702      37,522
                                                     ----------  ----------

Total revenues                                          992,522     929,727

Subadvisory, distribution and other asset mgmt costs    106,048     103,134
Software royalties and other information processing
 costs                                                   26,722      27,437
Brokerage commissions                                    23,889      27,022
Compensation, benefits and other personnel              335,296     289,445
Stock-based compensation                                 15,736      14,112
Consulting, outsourcing and professional fees           109,828     113,171
Data processing and computer related                     46,617      47,003
Facilities, supplies and other costs                     60,976      55,579
Amortization                                             33,258      27,288
Depreciation                                             22,586      21,471
                                                     ----------  ----------

Total expenses                                          780,956     725,662

Income from operations                                  211,566     204,065

Net gain on investments                                  14,067       3,360
Interest and dividend income                              5,696       5,829
Interest expense                                           (504)       (585)
Equity in earnings of unconsolidated affiliates          98,671     105,818
                                                     ----------  ----------

Net income before income taxes                          329,496     318,487

Income taxes                                            121,462     111,837
                                                     ----------  ----------

Net income                                              208,034     206,650
                                                     ----------  ----------

Less: Net income attributable to the noncontrolling
 interest                                                (1,186)     (1,691)
                                                     ----------  ----------

Net income attributable to SEI                       $  206,848  $  204,959
                                                     ==========  ==========

Diluted earnings per common share                    $     1.18  $     1.11
                                                     ==========  ==========

Shares used to calculate diluted earnings per common
 share                                                  175,872     184,127
                                                     ==========  ==========

Basic earnings per common share                      $     1.19  $     1.12
                                                     ==========  ==========

Shares used to calculate basic earnings per common
 share                                                  174,295     182,547
                                                     ==========  ==========




                           SEI INVESTMENTS COMPANY
                          CONDENSED BALANCE SHEETS
                               (In thousands)
                                 (Unaudited)


                                                  December 31,  December 31,
                                                      2012          2011
                                                  ------------  ------------
Assets

Cash and short-term investments                   $    452,247  $    420,986
Restricted cash                                          6,000         6,000
Receivables, net                                       202,818       167,909
Securities owned                                        20,088        20,949
Other current assets                                    20,251        19,107
                                                  ------------  ------------

  Total current assets                                 701,404       634,951

Property and equipment, net                            127,581       129,548
Marketable securities                                   81,778       139,333
Capitalized software, net                              307,490       309,133
Investment in unconsolidated affiliates                 77,398        68,454
Other assets, net                                       14,173        13,140
                                                  ------------  ------------

  Total assets                                    $  1,309,824  $  1,294,559
                                                  ============  ============



Liabilities

Current liabilities                               $    152,005  $    151,073
Deferred income taxes                                   93,458        93,751
Other Long-term liabilities                              7,032         8,276

Total SEI Investments Company shareholders'
 equity                                              1,038,180     1,025,316
Noncontrolling interest                                 19,149        16,143
                                                  ------------  ------------
Total Equity                                         1,057,329     1,041,459

  Total liabilities and equity                    $  1,309,824  $  1,294,559
                                                  ============  ============




                           SEI INVESTMENTS COMPANY
                            ENDING ASSET BALANCES
                                (In millions)
                                 (Unaudited)

                            Dec. 31,  Mar. 31,  Jun. 30, Sept. 30,  Dec. 31,
                              2011      2012      2012      2012      2012
                           --------- --------- --------- --------- ---------
Private Banks:
  Equity/Fixed Income
   prgms.                  $  16,435 $  17,180 $  16,848 $  17,960 $  18,862
  Collective Trust Fund
   prgms.                        450       435       335       147        11
  Liquidity funds              5,553     5,549     5,063     5,342     6,008
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $  22,438 $  23,164 $  22,246 $  23,449 $  24,881

  Client assets under
   admin.                     10,355    10,916    10,719    11,611    12,178
                           --------- --------- --------- --------- ---------
  Total assets             $  32,793 $  34,080 $  32,965 $  35,060 $  37,059

Investment Advisors:
  Equity/Fixed Income
   prgms.                  $  26,639 $  29,722 $  29,153 $  30,864 $  31,220
  Collective Trust Fund
   prgms.                      1,298     1,199       705       370        14
  Liquidity funds              2,505     1,643     1,880     1,868     2,514
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $  30,442 $  32,564 $  31,738 $  33,102 $  33,748

Institutional Investors:
  Equity/Fixed Income
   prgms.                  $  49,051 $  54,537 $  55,548 $  59,852 $  62,160
  Collective Trust Fund
   prgms.                        492       424       415       153       102
  Liquidity funds              3,888     3,725     2,958     3,272     2,454
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $  53,431 $  58,686 $  58,921 $  63,277 $  64,716

Investment Managers:
  Equity/Fixed Income
   prgms.                  $      57 $      62 $      61 $      65 $      67
  Collective Trust Fund
   prgms.                     11,255    12,781    13,004    15,433    16,197
  Liquidity funds                152       147       226       396       408
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $  11,464 $  12,990 $  13,291 $  15,894 $  16,672

  Client assets under
   admin. (A)                221,198   228,327   231,549   240,965   244,671
                           --------- --------- --------- --------- ---------
  Total assets             $ 232,662 $ 241,317 $ 244,840 $ 256,859 $ 261,343

Investments in New
 Businesses:
  Equity/Fixed Income
   prgms.                  $     515 $     568 $     551 $     534 $     513
  Liquidity funds                 37        34        30        29        43
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $     552 $     602 $     581 $     563 $     556

LSV Asset Management
  Equity/Fixed Income
   prgms.                  $  53,712 $  60,607 $  54,922 $  58,886 $  60,947

Total:
  Equity/Fixed Income
   prgms (B)               $ 146,409 $ 162,676 $ 157,083 $ 168,161 $ 173,769
  Collective Trust Fund
   prgms.                     13,495    14,839    14,459    16,103    16,324
  Liquidity funds             12,135    11,098    10,157    10,907    11,427
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $ 172,039 $ 188,613 $ 181,699 $ 195,171 $ 201,520

  Client assets under
   admin. (C)                231,553   239,243   242,268   252,576   256,849
                           --------- --------- --------- --------- ---------
  Total assets             $ 403,592 $ 427,856 $ 423,967 $ 447,747 $ 458,369

(A) Client assets under administration in the Investment Managers segment
    include $40.5 billion of assets balances that require limited services
    and therefore are at fee levels below our normal full service assets (as
    of December 31, 2012).
(B) Equity/Fixed Income programs include $3.1 billion of assets invested in
    various asset allocation funds at December 31, 2012.
(C) In addition to the numbers presented, SEI also administers an additional
    $4.6 billion in Funds of Funds assets (as of December 31, 2012) on which
    SEI does not earn an administration fee.



                           SEI INVESTMENTS COMPANY
                           AVERAGE ASSET BALANCES
                                (In millions)
                                 (Unaudited)

                            4th Qtr.  1st Qtr.  2nd Qtr.  3rd Qtr.  4th Qtr.
                              2011      2012      2012      2012      2012
                           --------- --------- --------- --------- ---------
Private Banks:
  Equity/Fixed Income
   prgms.                  $  16,624 $  17,116 $  16,794 $  17,527 $  18,301
  Collective Trust Fund
   prgms.                        464       436       396       230        66
  Liquidity funds              5,401     5,581     5,115     5,401     5,229
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $  22,489 $  23,133 $  22,305 $  23,158 $  23,596

  Client assets under
   admin.                     10,290    10,211    10,631    10,867    11,783
                           --------- --------- --------- --------- ---------
  Total assets             $  32,779 $  33,344 $  32,936 $  34,025 $  35,379

Investment Advisors:
  Equity/Fixed Income
   prgms.                  $  26,094 $  28,426 $  29,103 $  30,032 $  30,881
  Collective Trust Fund
   prgms.                      1,314     1,238       984       532       158
  Liquidity funds              2,499     2,015     1,806     1,886     2,176
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $  29,907 $  31,679 $  31,893 $  32,450 $  33,215

Institutional Investors:
  Equity/Fixed Income
   prgms.                  $  48,504 $  52,270 $  54,998 $  57,763 $  61,304
  Collective Trust Fund
   prgms.                        500       427       418       284       120
  Liquidity funds              3,461     3,765     3,147     3,253     3,493
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $  52,465 $  56,462 $  58,563 $  61,300 $  64,917

Investment Managers:
  Equity/Fixed Income
   prgms.                  $      65 $      58 $      63 $      62 $      68
  Collective Trust Fund
   prgms.                     10,773    11,983    12,991    14,797    15,719
  Liquidity funds                219       190       235       287       395
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $  11,057 $  12,231 $  13,289 $  15,146 $  16,182

  Client assets under
   admin.                    224,633   224,547   229,873   237,155   240,520
                           --------- --------- --------- --------- ---------
  Total assets             $ 235,690 $ 236,778 $ 243,162 $ 252,301 $ 256,702

Investments in New
 Businesses:
  Equity/Fixed Income
   prgms.                  $     515 $     549 $     550 $     530 $     518
  Liquidity funds                 42        39        33        35        33
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $     557 $     588 $     583 $     565 $     551

LSV Asset Management
  Equity/Fixed Income
   prgms.                  $  54,021 $  59,200 $  55,994 $  57,164 $  59,383

Total:
  Equity/Fixed Income
   prgms                   $ 145,823 $ 157,619 $ 157,502 $ 163,078 $ 170,455
  Collective Trust Fund
   prgms.                     13,051    14,084    14,789    15,843    16,063
  Liquidity funds             11,622    11,590    10,336    10,862    11,326
                           --------- --------- --------- --------- ---------
  Total assets under mgmt. $ 170,496 $ 183,293 $ 182,627 $ 189,783 $ 197,844

  Client assets under
   admin.                    234,923   234,758   240,504   248,022   252,303
                           --------- --------- --------- --------- ---------
  Total assets             $ 405,419 $ 418,051 $ 423,131 $ 437,805 $ 450,147


Investor Contact:
Murray Louis
SEI
+1 610-676-1932
[email protected]

Media Contact:
Dana Grosser
SEI
+1 610-676-2459
[email protected]

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SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...