|Exam Name||:||Altiris Client Management Suite 7.1(R) Technical Assessmen|
|Questions and Answers||:||100 Q & A|
|Updated On||:||April 23, 2019|
|PDF Download Mirror||:||Pass4sure ST0-119 Dump|
|Get Full Version||:||Pass4sure ST0-119 Full Version|
Exam Questions Updated On :
ST0-119 exam Dumps Source : Altiris Client Management Suite 7.1(R) Technical Assessmen
Test Code : ST0-119
Test Name : Altiris Client Management Suite 7.1(R) Technical Assessmen
Vendor Name : Symantec
Q&A : 100 Real Questions
these ST0-119 modern-day dumps works superb inside the real test.
i bought this because of the ST0-119 questions, I concept I should do the QAs element simply primarily based on my previous experience. Yet, the ST0-119 questions provided through killexams.com had been simply as beneficial. So you really need focused prep material, I passed without difficulty, all manner to killexams.com.
It became extremely good to have real exam questions today's ST0-119 examination.
Passing the ST0-119 exam became long due as my career improvement modified into related to it. However continually got afraid of the situation which appeared really tough to me. I used to be approximately to pass the test till i found the question and answer by means of the usage of killexams.com and it made me so cozy! Going through the materials have become no trouble in any respect because the approach of supplying the topics are cool. The short and particular answers helped me cram the portions which seemed hard. Passed well and had been given my vending. Thanks, killexams.
the way to put together for ST0-119 exam?
Being a network professional, I notion appearing for ST0-119 exam would genuinely assist me in my career. however, due totime restrains practise for the exam have become absolutely tough for me. i used to be searching out a testguide that may make matters better for me. killexams.com Q&A dumps labored like wonders for me as this is a scientificanswer for extra specified test. all of sudden, with its help, I managed to finish the exam in only 70 mins which is surely a shocking. thanks to killexams.com material.
simply use those real query bank and success is yours.
It became a very short desire to have killexams.com QA as my have a test associate for ST0-119. I couldnt control my happiness as I started out seeing the questions on display; they were like copied questions from killexams.com dumps, so accurate. This helped me to pass with 90 seven% inside sixty five minutes into the exam.
try these real test questions for ST0-119 examination.
Commenced out getting prepared for the hard ST0-119 exam using the heavy and voluminous observe books. However failed tocrack the hard topics and got panicked. I was about to drop the exam whilst any individual said me the dumpwith the resource of killexams. It was honestly clean to test and the truth that I may additionally want to memorize all in a brief time, eliminated all my apprehensions. Need to crack sixty seven questions in simplest 76 mins and got a huge 80 five marks. Felt indebted to killexams.com for making my day.
Got no issue! 24 hours prep of ST0-119 real test questions is sufficient.
Joining killexams.com felt like getting the finest journey of my lifestyles. I become so excited because I knew that now I would be able to pass my ST0-119 exam and will be the primary in my organisation that has this qualification. I turned into right and the usage of the web resources over right here I without a doubt passed my ST0-119 test and changed into capable of make anyone proud. It became a happy feeling and I suggest that some other student who wants to feel like Im feeling should give this killexams.com a truthful threat.
party is over! Time to study and bypass the examination.
tried loads to clear my ST0-119 exam taking assist from the books. but the problematic causes and tough instance made things worse and i skipped the test two times. finally, my top class buddy cautioned me the query & solution with the aid of killexams.com. And agree with me, it labored so nicely! The top class contents had been excellent to go through and apprehend the subjects. I may want to without problems cram it too and spoke back the questions in slightly a hundred and eighty mins time. Felt elated to pass rightly. thanks, killexams.com dumps. thanks to my lovable pal too.
best to pay attention that actual test questions of ST0-119 examination are available.
I take the benefit of the Dumps provided by using the killexams.com and the questions and answers rich with statistics and gives the powerful things, which I searched exactly for my instruction. It boosted my spirit and presents needed self beliefto take my ST0-119 exam. The dump you provided is so near the actual exam questions. As a non native English speaker I were given 120 minutes to finish the exam, but I just took 95 mins. notable dump. thank you.
No waste latest time on searhching net! determined precise source cutting-edge ST0-119 Q&A.
Applicants spend months seeking to get themselves organized for his or her ST0-119 exams however for me it changed into all just a days work. You will wonder how a person will be able to finish this form of top class venture in only an afternoon allow me permit you to understand, all I needed to do become sign on my
high-quality to hear that state-of-the-art dumps contemporary ST0-119 examination are available.
I moreover carried out a mixed bag of books, moreover the years of useful enjoy. But, this prep unit has ended up being specially precious; the questions are honestly what you notice on the exam. Extraordinarily accommodating to make certain. I passed this exam with 89% marks round a month once more. Whoever helps you to realize that ST0-119 is drastically tough, acquire them! The exam is to make sure extraordinarily hard, it truly is valid for pretty much all different test. killexams.com Q&A and exam Simulator changed into my sole wellspring of statistics while get organized for this exam.
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 awful lot shorter ROI” as well because the means to proceed to shorten 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 reason 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 run the platform on about 7,000 machines internal Symantec.
among the many new facets in Altiris client management Suite edition 7 is intelligent 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 Mark Magee, senior director of product management for endpoint administration with Symantec.
The license optimization capabilities, for example, allow companies to reconcile devices in use and metre their utilization, observed Magee, “and truly have in mind when a application equipment is required when one comes through procurement.”
an additional cost-saving enhancement are “integrated” energy management capabilities to in the reduction of vigor and cost by hibernating PCs and displays “devoid of dropping management flexibility,” said Magee. It’s a true funds saver for corporations “with the aid of with no trouble being more aggressive about vigor 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 flexible deployments and sensible Metrics to opt for the premiere monitoring formula. there's additionally consolidated adventure management, through an experience console, that aggregates experience statistics and correlates the affect 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 all through the entire firm and our platform, which in flip promotes a far better managed and greater cozy equipment and gives enhanced protection cost propositions there as neatly.”
“That performs neatly into this convergence of systems management and safety that we see taking area in the market,” spoke of Magee.
Symantec acquired Altiris Inc. in 2007 with the intention 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 financial times is a driver in the back of Symantec’s focus on technique automation and pulling collectively disparate pieces like backup, protection and application updates. corporations “are seeking for ways to rationalize and streamline their business strategies, reply to compliance rules which are asking them to do things in method 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 beginning 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 have 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,” noted Clark, adding that MaximumASP continues to be within the method 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 have our inventory, monitoring, catastrophe healing, patch deployment, all 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 use of filters and views as a substitute of collections “so that they can dynamically construct an inventory of servers to use for a considerable number of initiatives instead of having to tediously go 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 use 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 important chores for IT authorities. Symantec's Altiris Asset administration Suite 7.1 aims to get rid of the bother from IT asset management by means of giving businesses the unique counsel they deserve to make sensible, advised decisions. Such tools are a necessity in modern cost-conscious place 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 put 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 function 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 have 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 have been put in, which have been paid for and which can be getting used. Such suggestions makes this a true cost-slicing tool for IT.
IT managers can also see the complete cradle-to-grave lifecycle of an asset, including contracts of every kind linked to hardware and application, purchase orders, carrier-degree agreements, warranties and even retirement and disposal documentation.
administrators can calculate 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 advice to an asset, corresponding to an further can charge middle.
it's also possible to designate who may additionally view asset assistance by using businesses, which proves useful for protection. for instance, IT body of workers can restrict asset visibility of a branch 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 also take slightly of time and a few experimentation. based on Symantec, most deployments include 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 put 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 consider (like I do) that VDI will evolve into just "the way" computers are carried out in just a few years, then you definitely probably also agree with that when that happens, common agent-based mostly management tools are toast.
the new Altiris client administration Suite has all types of amazing elements which are essential for the *historic* means of doing issues--points like stock, discovery, patching, application distribution, imaging, and faraway handle. however the complete element of the "New computing device" of the long run is to get faraway from that.
when we had been recording our Brian Madden television episode from ManageFusion this week, I got a chance to confer 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 way 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 we shared a laugh to that, seeing that it's what his little neighborhood did inside Altiris. however after thinking about it, i am not sure Randy's shaggy dog story 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 we 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 like every "laptop virtualization" seller today, Symantec doesn't have any actual historical past during this house. the brand new computing device will reset the race with all carriers almost ranging from scratch in 2010 or so. (probably around June? ;) Of path groups like Microsoft, Citrix, VMware, and Symantec have effective 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 delay related (aside both having the note "virtualization" of their names), desktop virtualization is viewed as a logical extension of server virtualization. (And vice versa, also incorrectly.) in the server virtualization area, there are what, fifty? 100? carriers offering "virtual endpoint management?" because the *server* virtualization americans birth to think 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 usual desktop people who love them are those who do not definitely believe in the New pcs of day after today, so Symantec's fairness there won't help them. And the server virtualization people of these days who trust within the New computers of tomorrow should not have 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 beginning to put in force these things in mass, and Symantec should be sure that these people are pondering of them, whoever they're.
While it is hard errand to pick solid certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. Killexams.com ensure to serve its customers best to its assets as for exam dumps update and validity. The greater part of other's sham report objection customers come to us for the brain dumps and pass their exams cheerfully and effortlessly. We never bargain on our review, reputation and quality because killexams review, killexams reputation and killexams customer certainty is imperative to us. Extraordinarily we deal with killexams.com review, killexams.com reputation, killexams.com sham report grievance, killexams.com trust, killexams.com validity, killexams.com report and killexams.com scam. On the off chance that you see any false report posted by our rivals with the name killexams sham report grievance web, killexams.com sham report, killexams.com scam, killexams.com protestation or something like this, simply remember there are constantly terrible individuals harming reputation of good administrations because of their advantages. There are a great many fulfilled clients that pass their exams utilizing killexams.com brain dumps, killexams PDF questions, killexams rehearse questions, killexams exam simulator. Visit Killexams.com, our example questions and test brain dumps, our exam simulator and you will realize that killexams.com is the best brain dumps site.
Killexams ST0-250 cheat sheets | Killexams 000-051 sample test | Killexams HP2-H29 exam questions | Killexams 000-784 braindumps | Killexams 6104 Practice Test | Killexams JN0-730 dumps questions | Killexams 190-800 pdf download | Killexams DEA-41T1 test questions | Killexams 7391X exam prep | Killexams 210-250 braindumps | Killexams S10-210 braindumps | Killexams 00M-238 practice exam | Killexams LRP-614 study guide | Killexams 920-260 mock exam | Killexams 9L0-008 real questions | Killexams 70-411 practice test | Killexams 000-332 free pdf | Killexams 000-375 questions and answers | Killexams HP0-628 dumps | Killexams 090-077 questions and answers |
Precisely same ST0-119 questions as in real test, WTF!
On the off chance that would you say you are confounded how to pass your Symantec ST0-119 Exam? With the assistance of the checked killexams.com Symantec ST0-119 Testing Engine you will figure out how to build your aptitudes. Most of the understudies begin making sense of when they discover that they need to show up in IT accreditation. Our brain dumps are far reaching and to the point. The Symantec ST0-119 PDF documents make your vision tremendous and help you a great deal in planning of the confirmation exam.
Are you searching for Symantec ST0-119 Dumps of real questions for the Altiris Client Management Suite 7.1(R) Technical Assessmen test prep? we offer most updated and quality ST0-119 Dumps. Detail is at http://killexams.com/pass4sure/exam-detail/ST0-119. we have got compiled an information of ST0-119 Dumps from actual tests so as to allow you to prepare and pass ST0-119 exam on the first attempt. simply memorize our Q&A and relax. you will pass the test. killexams.com Discount Coupons and Promo Codes are as under; WC2017 : 60% Discount Coupon for all exams on website PROF17 : 10% Discount Coupon for Orders larger than $69 DEAL17 : 15% Discount Coupon for Orders larger than $99 SEPSPECIAL : 10% Special Discount Coupon for All Orders
In case you're searching out ST0-119 Practice Test containing Real Test Questions, you are at legitimate place. We have arranged database of inquiries from Actual Exams keeping thinking the end goal to enable you to get ready and pass your exam on the main attempt. All preparation materials at the site are Up To Date and tried by our specialists.
killexams.com give forefront and up and coming Practice Test with Actual Exam Questions and Answers for fresh out of the box new syllabus of Symantec ST0-119 Exam. Practice our Real Questions and Answers to Improve your comprehension and pass your exam with High Marks. We ensure your accomplishment in the Test Center, securing the greater part of the subjects of exam and fabricate your Knowledge of the ST0-119 exam. Pass four beyond any doubt with our exact questions.
100% Pass Guarantee
Our ST0-119 Exam PDF incorporates Complete Pool of Questions and Answers and Brain dumps verified and built up comprehensive of references and references (wherein relevant). Our objective to gather the Questions and Answers isn't in every case best to pass the exam toward the begin endeavor anyway Really Improve Your Knowledge about the ST0-119 exam subjects.
ST0-119 exam Questions and Answers are Printable in High Quality Study Guide that you could download in your Computer or some other device and start making prepared your ST0-119 exam. Print Complete ST0-119 Study Guide, convey with you while you are at Vacations or Traveling and Enjoy your Exam Prep. You can get right of section to avant-grade ST0-119 Exam Q&A out of your online record each time.
inside seeing the true blue exam material of the mind dumps at killexams.com you could without various an amplify expand your proclaim to acclaim. For the IT authorities, it's miles central to adjust their abilities as appeared by method for their work require. We make it essential for our clients to hold certification exam Thanks to killexams.com certified and earnest to goodness exam material. For a breathtaking predetermination in its area, our brain dumps are the superb decision. A decent dumps making is an essential area that makes it clear for you to take Symantec certifications. Regardless, ST0-119 braindumps PDF offers settlement for candidates. The IT declaration is a critical troublesome endeavor on the off chance that one doesn't find legitimate course as evident guide material. Along these lines, we have genuine and updated material for the organizing of certification exam. It is basic to get to the guide fabric on the off chance that one wants toward keep time. As you require packs of time to search for resuscitated and genuine exam material for taking the IT accreditation exam. On the off chance that you find that at one area, what can be higher than this? Its just killexams.com that has what you require. You can store time and keep a vital separation from problem on the off chance that you buy Adobe IT certification from our site on the web.
killexams.com Huge Discount Coupons and Promo Codes are as under;
WC2017: 60% Discount Coupon for all exams on website
PROF17: 10% Discount Coupon for Orders greater than $69
DEAL17: 15% Discount Coupon for Orders greater than $99
DECSPECIAL: 10% Special Discount Coupon for All Orders
Download your Altiris Client Management Suite 7.1(R) Technical Assessmen Study Guide straight away subsequent to looking for and Start Preparing Your Exam Prep Right Now!
Killexams C2180-404 Practice Test | Killexams 70-536-VB exam prep | Killexams PEGACBA001 braindumps | Killexams 0B0-109 real questions | Killexams 000-289 test prep | Killexams C2150-624 free pdf download | Killexams 132-S-800-1 pdf download | Killexams 644-334 test questions | Killexams C2090-312 free pdf | Killexams A2010-579 cram | Killexams DCAPE-100 study guide | Killexams HH0-300 braindumps | Killexams P2065-749 dump | Killexams TB0-103 Practice test | Killexams 132-S-900 brain dumps | Killexams 050-720 cheat sheets | Killexams BAGUILD-CBA-LVL1-100 free pdf | Killexams HIO-201 study guide | Killexams 000-630 real questions | Killexams 1Z0-580 free pdf |
Killexams 1Z0-851 VCE | Killexams 000-038 practice test | Killexams 1Z0-884 brain dumps | Killexams 050-663 free pdf | Killexams 700-265 free pdf download | Killexams 6209 study guide | Killexams ACE001 dumps questions | Killexams PRF dumps | Killexams 050-565 practice test | Killexams 922-109 free pdf | Killexams 400-151 examcollection | Killexams 70-516-CSharp free pdf | Killexams HP2-B100 cheat sheets | Killexams 000-109 braindumps | Killexams 000-550 bootcamp | Killexams 70-762 questions and answers | Killexams 050-894 Practice Test | Killexams TB0-111 questions answers | Killexams 000-674 practice exam | Killexams 9L0-619 study guide |
www.armc.com Transforming Care 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 care processes, and provides sophisticated clinical documentation capabilities.Alamance Regional Medical Center (ARMC)
Arapahoe House www.arapahoehouse.org
Electronic Document System and Backup Project Lead: David Andersen, Manager of Information Systems
Project Description: Converted all 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 easy to access over the Web. Executives sought a security management solution that would allow the organization to take 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 part of its SOA (service-oriented architecture) effort, Horizon developed several reusable technology components, including PCP (Primary Care 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 support part 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 Support 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 Business 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 choice of speaking to an agent, as required in its government contract. Humana Military leveraged Microsoft’s Web development environment, in addition to Microsoft SQL Server. Both Web self-service features and voice automation have helped Humana Military meet several top-level business 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 take advantage 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 also deployed PortAuthority for its information leak prevention initiative.
Mölnlycke Health Care (formerly Regent Medical) www.molnlycke.comBusiness Intelligence Infrastructure Project Project Lead: Susan Dean, Business Intelligence ManagerProject Description: Implemented a business intelligence solution utilizing Cognos and Sky Solutions, a Cognos partner and systems integrator. It is expected to save 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 business reviews for all 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 place by PortAuthority. The content filtering project required that the IT team reroute network traffic centrally. Part of the preparation for this project was rolling out a new datacenter and new WAN circuits from Verizon Business Services.
Memorial Healthcare www.MemorialHealthcare.orgSingle Sign-On Integration Project Lead: Frank Fear, Project Manager in Information ServicesProject Description: Facilitated a SSO (single sign-on) solution to solve the problem of too many passwords. Memorial Healthcare's core hospital information system is Meditech Magic, and the team also 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 complex to initially set up, this framework significantly reduced time spent later on maintenance. This framework also 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 also 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 Phase One of the project, Northwestern Memorial Hospital deployed the MobileAccess Universal Wireless Network throughout its Chicago campus to support a variety of wireless technologies, including public cellular services, CPOE (computerized physician order entry), VoIP, and nurse-call systems on a common infrastructure. In Phase Two, the solution was extended to 766,000-plus square feet and now supports WLAN and all 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 Center www.springhillmedicalcenter.comImproving ED with Sunrise Clinical Manager Project Lead: Mark 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 replace the EDI-based communications infrastructure it used to connect to its business partners. One of the core open standards in the new architecture is the ebXML Messaging OASIS Standard, ISO 15000-2. This International Standard provides secure and reliable messaging of arbitrary 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 business 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 demand 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 critical processes, WPAC has seen a decrease 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 Financial 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 financial results for the first quarter ended March 31, 2017. The Company will hold a conference call 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 end of this release.
First Quarter 2017 Financial Highlights
"The first quarter of 2017 was another solid quarter with robust financial and operating results," stated Mr. Guosheng Qi, Chief Executive Officer of Gridsum. "We are pleased to see our topline continue its strong growth momentum, primarily driven by solid customer base expansion, which we target to grow by 30-40% in 2017, and a steady increase in Average Revenue Per User ("ARPU"). Meanwhile, we are glad 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 strong testament to our innovation DNA and unwavering commitment to continuing to drive market leading R&D efforts. This commitment is exemplified by the fact that we have 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, we have consolidated all of our AI activities strategically, technically and organizationally into a new division: Gridsum Prophet, which encompasses all of our AI capabilities: machine learning, natural language processing, image recognition, predictive industry modeling, and knowledge graph. We believe that the increased intelligent features of our products that come from this will continue to be key going forward in driving new customer acquisition and ARPU growth."
Mr. Qi continued, "We have also strengthened our partnership with Tencent Cloud, having jointly developed an integrated speech to text solution for court trials and conferences, which we have the exclusive right to distribute in China's nationwide court system. We see tremendous growth opportunities in front of us and will continue to penetrate into new markets, including financial services and intelligent CRM. With our first-mover advantage and cutting-edge technology, we will continue to enhance and build upon our product offerings and capitalize on the immense potential in the market. We believe we can further fortify our position as China's leading provider of cloud-based big-data analytics, machine learning and AI solutions, and generate great value for our shareholders going forward."
Mr. Michael Zhang, Chief Financial Officer of the Company, commented, "In the first quarter of 2017, our net revenues increased by 57.3% year over year to RMB100.6 million, driven by a solid 51.5% increase in our Enterprise revenues and 112.4% increase in e-Government and other revenues. The significant growth of our e-Government and other business was primarily driven by the better-than-expected performance in all 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, we will leverage our superior sales efficiency and continue our targeted investment in sales and marketing to broaden our market visibility. R&D will remain another key area of focused investment to strengthen our technology leadership and drive expansion into new products and services."
First Quarter 2017 Financial 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 period 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 period 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 period in 2016. These growths were due to an increased number of customers as well as increased average 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 period in 2016. The increase 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 GROSS MARGIN: Gross 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 period in 2016. Gross margin for the first quarter of 2017 increased to 89.5%, as compared with 85.5% in the comparable period in 2016. The increase in gross margin was primarily attributable to the relatively larger portion of revenues coming from e-Government and other related sales, which have a higher gross 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 period in 2016. As a percentage of net revenues, operating expenses were 138.2%, as compared with 119.3% in the comparable period in 2016, primarily due to the increased sales and marketing expenses and research and development 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 period 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 period in 2016. The increase 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 period 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 period in 2016. The increase was mainly due to the increase in loss from operation of RMB27.4 million, an increase in foreign 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 period 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 period 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 period 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 average 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 all 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 all of the Company's AI capabilities, including machine learning, natural language processing, image recognition, predictive industry modeling, and knowledge graph. It powers the Company's intelligent products and solutions across the matrix of clients and industry verticals. It also allows the Company to see 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 social listening and brand management suite as well as the legal services suite and intelligent CRM product suites. Gridsum Prophet is also instrumental in defining Gridsum's new product pipeline, such as the intelligent CRM and financial 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 full year of 2017, the Company retains its previous outlook that net revenues are expected to be in the range 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 call on May 25, 2017 at 8:30 pm U.S. Eastern Time, or May 26, 2017 at 8:30 am Beijing Time to discuss its financial results.Participants may access the call 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 call 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, all translations from RMB to USD were made at the rate of RMB6.8832 to US$1.00, the noon buying rate in effect 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 Financial Information
The unaudited financial information set forth above is preliminary and subject to potential adjustments. Adjustments to the consolidated financial 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 financial information.
Use of Non-GAAP Financial Measures
In evaluating the Company's business, the Company considers and uses the following non-GAAP financial 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 share attributable to Gridsum's ordinary shareholders, EBITDA and adjusted EBITDA. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial 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 share attributable to Gridsum's ordinary shareholders is the per share 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 financial measures because they are used by the Company's management to evaluate the Company's operating performance and formulate the Company's business plans. These non-GAAP financial 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 also believes that the use of these non-GAAP measures facilitates investors' assessment of the Company's operating performance.
These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect the Company's operations. Interest income and expenses, income tax expenses, depreciation expenses and share-based compensation have been and may continue to be incurred in the Company's business and are not reflected in the presentation of adjusted EBITDA. Further, these non-GAAP financial measures may differ from the non-GAAP financial 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 financial measures to the most directly comparable U.S. GAAP financial 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 Big 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 complex relationships within their data and gain new insights that help them make better business 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 help enterprises and government organizations in China use data in new and powerful ways to make 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 financial outlook as well as Gridsum's strategic and operational plans contain forward-looking statements. Gridsum may also make 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 cause actual results to differ 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 slow growth, in the digital intelligence market; reduced demand for, and market acceptance of, Gridsum's solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions in the digital intelligence market; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business 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. All 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, equipment 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 share 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: Business 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 development 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 average number of ordinary shares used in net loss per share 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 share 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 share 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 average number of ordinary shares used in net loss per share attributable to Gridsum's ordinary shareholders and non-GAAP net loss per share 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 share 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 share 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. All rights reserved.
NEW YORK, September 30, 2010 - Kamakura Corporation announced Thursday that version 5.0 of Kamakura’s industry-leading public firm default probability models has been released to clients around the world. The models released include a new version of Kamakura’s Jarrow-Chava reduced form 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 have been in development 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 Guide to clients and financial services regulators around the globe. The Technical Guide provides a complete description of model inputs and coefficients and a full 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 all 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 have 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 all 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 form Jarrow-Chava model, therefore, provides 105 months of “earlier warning” than the Merton models at a comparable level of accuracy. The dramatic improvements in long run accuracy stem 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 apparent to many market participants that legacy Merton default technology was inconsistent with the many failures of financial institutions around the world,” reported Dr. Donald R. van Deventer, Kamakura Corporation founder and CEO. “In a crisis, cash is king, and the reduced form framework can take advantage of this insight that is ignored in the Merton framework. By extending the maturities of the KRIS default term structures to 10 years, we can now show early warning of the next ‘business cycle in the making’ to KRIS clients. One of the reasons for the very high model accuracy is the distinction that FNMA and FHLMC failed and then were rescued for some but not all 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 important to ignore.”
The KRIS default probabilities are available for 29,400 public firms in 33 countries. The KRIS service also includes implied ratings and credit default swap spreads for all 29,400 firms. KRIS default probabilities are available via the web site www.kris-online.com. KRIS default probabilities are also 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 all 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 also named in the top five for market risk assessment, Basel II capital calculations, and for “risk dashboard.” Kamakura was also 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 firm 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
3COM [8 Certification Exam(s) ]
AccessData [1 Certification Exam(s) ]
ACFE [1 Certification Exam(s) ]
ACI [3 Certification Exam(s) ]
Acme-Packet [1 Certification Exam(s) ]
ACSM [4 Certification Exam(s) ]
ACT [1 Certification Exam(s) ]
Admission-Tests [13 Certification Exam(s) ]
ADOBE [93 Certification Exam(s) ]
AFP [1 Certification Exam(s) ]
AICPA [2 Certification Exam(s) ]
AIIM [1 Certification Exam(s) ]
Alcatel-Lucent [13 Certification Exam(s) ]
Alfresco [1 Certification Exam(s) ]
Altiris [3 Certification Exam(s) ]
Amazon [2 Certification Exam(s) ]
American-College [2 Certification Exam(s) ]
Android [4 Certification Exam(s) ]
APA [1 Certification Exam(s) ]
APC [2 Certification Exam(s) ]
APICS [2 Certification Exam(s) ]
Apple [69 Certification Exam(s) ]
AppSense [1 Certification Exam(s) ]
APTUSC [1 Certification Exam(s) ]
Arizona-Education [1 Certification Exam(s) ]
ARM [1 Certification Exam(s) ]
Aruba [8 Certification Exam(s) ]
ASIS [2 Certification Exam(s) ]
ASQ [3 Certification Exam(s) ]
ASTQB [8 Certification Exam(s) ]
Autodesk [2 Certification Exam(s) ]
Avaya [101 Certification Exam(s) ]
AXELOS [1 Certification Exam(s) ]
Axis [1 Certification Exam(s) ]
Banking [1 Certification Exam(s) ]
BEA [5 Certification Exam(s) ]
BICSI [2 Certification Exam(s) ]
BlackBerry [17 Certification Exam(s) ]
BlueCoat [2 Certification Exam(s) ]
Brocade [4 Certification Exam(s) ]
Business-Objects [11 Certification Exam(s) ]
Business-Tests [4 Certification Exam(s) ]
CA-Technologies [20 Certification Exam(s) ]
Certification-Board [10 Certification Exam(s) ]
Certiport [3 Certification Exam(s) ]
CheckPoint [43 Certification Exam(s) ]
CIDQ [1 Certification Exam(s) ]
CIPS [4 Certification Exam(s) ]
Cisco [319 Certification Exam(s) ]
Citrix [48 Certification Exam(s) ]
CIW [18 Certification Exam(s) ]
Cloudera [10 Certification Exam(s) ]
Cognos [19 Certification Exam(s) ]
College-Board [2 Certification Exam(s) ]
CompTIA [76 Certification Exam(s) ]
ComputerAssociates [6 Certification Exam(s) ]
Consultant [2 Certification Exam(s) ]
Counselor [4 Certification Exam(s) ]
CPP-Institute [4 Certification Exam(s) ]
CSP [1 Certification Exam(s) ]
CWNA [1 Certification Exam(s) ]
CWNP [13 Certification Exam(s) ]
CyberArk [1 Certification Exam(s) ]
Dassault [2 Certification Exam(s) ]
DELL [11 Certification Exam(s) ]
DMI [1 Certification Exam(s) ]
DRI [1 Certification Exam(s) ]
ECCouncil [22 Certification Exam(s) ]
ECDL [1 Certification Exam(s) ]
EMC [128 Certification Exam(s) ]
Enterasys [13 Certification Exam(s) ]
Ericsson [5 Certification Exam(s) ]
ESPA [1 Certification Exam(s) ]
Esri [2 Certification Exam(s) ]
ExamExpress [15 Certification Exam(s) ]
Exin [40 Certification Exam(s) ]
ExtremeNetworks [3 Certification Exam(s) ]
F5-Networks [20 Certification Exam(s) ]
FCTC [2 Certification Exam(s) ]
Filemaker [9 Certification Exam(s) ]
Financial [36 Certification Exam(s) ]
Food [4 Certification Exam(s) ]
Fortinet [14 Certification Exam(s) ]
Foundry [6 Certification Exam(s) ]
FSMTB [1 Certification Exam(s) ]
Fujitsu [2 Certification Exam(s) ]
GAQM [9 Certification Exam(s) ]
Genesys [4 Certification Exam(s) ]
GIAC [15 Certification Exam(s) ]
Google [4 Certification Exam(s) ]
GuidanceSoftware [2 Certification Exam(s) ]
H3C [1 Certification Exam(s) ]
HDI [9 Certification Exam(s) ]
Healthcare [3 Certification Exam(s) ]
HIPAA [2 Certification Exam(s) ]
Hitachi [30 Certification Exam(s) ]
Hortonworks [4 Certification Exam(s) ]
Hospitality [2 Certification Exam(s) ]
HP [752 Certification Exam(s) ]
HR [4 Certification Exam(s) ]
HRCI [1 Certification Exam(s) ]
Huawei [21 Certification Exam(s) ]
Hyperion [10 Certification Exam(s) ]
IAAP [1 Certification Exam(s) ]
IAHCSMM [1 Certification Exam(s) ]
IBM [1533 Certification Exam(s) ]
IBQH [1 Certification Exam(s) ]
ICAI [1 Certification Exam(s) ]
ICDL [6 Certification Exam(s) ]
IEEE [1 Certification Exam(s) ]
IELTS [1 Certification Exam(s) ]
IFPUG [1 Certification Exam(s) ]
IIA [3 Certification Exam(s) ]
IIBA [2 Certification Exam(s) ]
IISFA [1 Certification Exam(s) ]
Intel [2 Certification Exam(s) ]
IQN [1 Certification Exam(s) ]
IRS [1 Certification Exam(s) ]
ISA [1 Certification Exam(s) ]
ISACA [4 Certification Exam(s) ]
ISC2 [6 Certification Exam(s) ]
ISEB [24 Certification Exam(s) ]
Isilon [4 Certification Exam(s) ]
ISM [6 Certification Exam(s) ]
iSQI [7 Certification Exam(s) ]
ITEC [1 Certification Exam(s) ]
Juniper [65 Certification Exam(s) ]
LEED [1 Certification Exam(s) ]
Legato [5 Certification Exam(s) ]
Liferay [1 Certification Exam(s) ]
Logical-Operations [1 Certification Exam(s) ]
Lotus [66 Certification Exam(s) ]
LPI [24 Certification Exam(s) ]
LSI [3 Certification Exam(s) ]
Magento [3 Certification Exam(s) ]
Maintenance [2 Certification Exam(s) ]
McAfee [8 Certification Exam(s) ]
McData [3 Certification Exam(s) ]
Medical [68 Certification Exam(s) ]
Microsoft [375 Certification Exam(s) ]
Mile2 [3 Certification Exam(s) ]
Military [1 Certification Exam(s) ]
Misc [1 Certification Exam(s) ]
Motorola [7 Certification Exam(s) ]
mySQL [4 Certification Exam(s) ]
NBSTSA [1 Certification Exam(s) ]
NCEES [2 Certification Exam(s) ]
NCIDQ [1 Certification Exam(s) ]
NCLEX [3 Certification Exam(s) ]
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) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [10 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
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) ]
SUN [63 Certification Exam(s) ]
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) ]
Dropmark : http://killexams.dropmark.com/367904/11706690
Wordpress : http://wp.me/p7SJ6L-1eE
Issu : https://issuu.com/trutrainers/docs/st0-119
Dropmark-Text : http://killexams.dropmark.com/367904/12210031
Blogspot : http://killexamsbraindump.blogspot.com/2017/11/never-miss-these-st0-119-questions.html
Box.net : https://app.box.com/s/tk1be28th1rvq3fqxkh2j0rpk8tfuikg
publitas.com : https://view.publitas.com/trutrainers-inc/review-st0-119-real-question-and-answers-before-you-take-test
zoho.com : https://docs.zoho.com/file/5wmnzef853edd071f410e8cb5625fe90573db