Tag: 爱上海XL

Serving Up A Data Center Winner for OEMs

first_imgThe server-centric data centerWe often hear about the macro trends impacting the industry like security, internet of things (IoT), analytics, and the cloud. However, there is another emerging trend that we don’t hear as much about, namely the rise of the server-centric, software-defined data center.Over the last fifteen years, we’ve seen huge changes with information technology (IT) platforms evolving from interdependent hardware and software through to early virtualization and now hardware-agnostic software. In parallel with these technology advances, the IT department has moved from an operational support function to a center of influence, helping to advise and guide innovation and technology consumption across the organization.An open common framework for maximum flexibility and returnFast forward to today and with the launch of our brand new 14th generation Dell EMC PowerEdge servers, we are poised to enter the new frontier of the software-defined data center. This latest PowerEdge portfolio is Dell EMC’s response to data center customer demands across all verticals for secure, scalable, high performance solutions with maximum flexibility, efficiency, and automation.Increased performance and more users per serverSo, what’s creating this demand? Many of the macro trends in the industry including IoT, big data, and analytics, are driving an ever-increasing need for system performance. Our 14th generation PowerEdge servers offer increased application performance and response time with up to 27 percent more processor cores and 19X more Non-Volatile Memory Express (NVMe) low latency storage than the prior generation, while one-click BIOS tuning enables quick-and-easy deployment of many processing-intensive workloads. With enhancements to storage capacity and flexibility, storage configurations can be further tailored to match application needs, which is especially critical in software-defined-storage (SDS) environments.Automatic multi-vector cooling enables more GPU accelerators in a single configuration, allowing for up to 50 percent more VDI users per server. Multi-vector cooling technology not only enables increased efficiency with standard accelerator offerings but also works to efficiently enable any non-standard or custom accelerator options.Industry-first security featuresTwenty-eight percent of CIOs say that they have dealt with a major cyber security threat in the last two years.[i] In response, we continue to drive enhanced protection against malicious threats and unwanted internal changes.An industry-first, System Lockdown prevents configuration changes that might create security vulnerabilities and expose sensitive data. We’ve also incorporated features such as SecureBoot, BIOS recovery capabilities, signed firmware and iDRAC RESTful API (compliant with Redfish standards). To meet privacy concerns, System Erase quickly and securely removes user data from local storage devices when a server is retired.Enhanced systems management tools plus easier server configuration and monitoringIn a recent blog, we talked about how you can save money and speed up deployment with the special systems management tools available for OEMs. Important postscripts to add are that the enhanced iDRAC 9 with the new PowerEdge servers now provides up to four times better systems management performance over the prior generation, increasing the responsiveness when leveraging our agentless systems management in an OEM solution.The easy-to-use, next-generation OpenManage Enterprise™ console has also been engineered to unify system management experience. OEMs will also welcome the fact that server configuration, monitoring, and at-the-box troubleshooting is now possible via a handheld smart device with the optional Quick Sync feature, as opposed to the traditional LCD method.OEM-Ready and OEM XLAs OEM is part of our DNA, it goes without saying that our 14th generation PowerEdge servers continue to be offered as OEM Ready, providing you all the flexibility you need — add your own branding or opt for generic packaging, unbranded chassis and de-branded BIOS splash screens, iDRAC and LifeCycle controller menus. The choice is yours.OEM XL offerings also remain in place. Long, stable product life-cycles factor in the time you need for development, validation and certification without unnecessary technology churn. With these latest generation PowerEdge OEM XL servers, you have advanced visibility to product changes, and even more flexibility to make generational transitions on your schedule.Diverse Use CasesThe new PowerEdge is well suited to serve as the core building block for a variety of OEM solutions including everything from industrial automation to video surveillance, hyper-converged appliances, storage arrays, data protection, and many more. Based on open common platforms, it delivers maximum flexibility and return on investment, allowing you and your customers to focus on innovation while balancing operational priorities.ServicesFrom a deployment perspective, the award-winning ProDeploy Enterprise Suite will help you accelerate technology adoption at customer sites with up to 91 percent less IT effort[ii]. Our ProSupport Enterprise Suite, services include ProSupport Plus with SupportAssist, our automated, proactive and predictive technology that can resolve issues up to 90 percent faster[iii].Huge opportunity to better serve customersI believe that OEMs now have the right platform to accelerate digital adoption and optimization. Our 14th generation PowerEdge is the ultimate framework to serve as the bedrock of your modern appliance.The reality is that current legacy data center technologies simply aren’t agile, flexible or efficient enough to meet today’s needs. In fact, the Enterprise Strategy Group (ESG) 2017 IT Transformation Maturity Curve study, commissioned by Dell EMC, showed that only five percent of survey respondents are currently prepared to meet the IT requirements of digitally transformed businesses with modern platforms. Other research indicates that only one in three businesses have developed an enterprise-wide digital strategy [iv] and that 75 percent of IoT projects will also require a new digital platform.[v]The x86 server is rapidly becoming the foundational building component of the modern data center, displacing much of the specialized hardware present there today. This represents a huge opportunity for all of us to better serve our customers. I’d love to hear your reactions and questionsFor more in the OEM spaceMeet the next generation of Dell EMC OEM PowerEdge appliances. I want to invite you to join our OEM customer webinar on July 20. Register here nowTo learn more about Dell EMC OEM, visit: www.dellemc.com/oemKeep in touch. Follow @DellOEM on Twitter, and join our LinkedIn OEM Showcase page. [i] Harvey Nash / KPMG CIO Survey 2016, The Creative CIO[ii] Source: Report from PT about ProDeploy (May 2016)[iii] Source:  Third-party lab testing with Principled Technologies (Resolving Server Problems with Dell ProSupport Plus and SupportAssist), September 2015[iv] Harvey Nash / KPMG CIO Survey 2016, The Creative CIO[v] Gartner Keynote: The CIO’s Changing Role, March 2016last_img read more

Parent company of Chittenden Bank reports earnings of $25 million or $0.07 per share

first_imgPeople’s United Bank,People’s United Financial, Inc (Nasdaq: PBCT) today announced net income of $24.9 million, or $0.07 per share, for the fourth quarter of 2009, compared to $26.8 million, or $0.08 per share, for the third quarter of 2009, and $33.7 million, or $0.10 per share, for the fourth quarter of 2008.  Fourth quarter 2009 earnings reflect a 3.19 percent net interest margin, unchanged from the third quarter of 2009, despite continued pressure associated with the historically low interest rate environment and the company’s asset sensitive balance sheet, and a modest increase in non-interest expenses.  For the year ended December 31, 2009, net income totaled $101.2 million, or $0.30 per share, compared to $137.8 million, or $0.42 per share, for 2008. People’s is the parent company of Chittenden Bank.Included in fourth quarter 2009 results are system conversion and merger-related expenses totaling $4.5 million (included in non-interest expense).  After taxes, these expenses reduced 2009 fourth quarter net income by $3.1 million, or $0.01 per share.  Excluding the effect of these expenses, net income would have been $28.0 million, or $0.08 per share, for the fourth quarter of 2009.The Board of Directors of People’s United Financial declared a $0.1525 per share quarterly dividend, payable February 15, 2010 to shareholders of record on February 1, 2010.  Based on the closing stock price on January 20, 2010, the dividend yield on People’s United Financial common stock is 3.7 percent.”Our pending acquisition of Financial Federal reflects our strategic focus on expansion through opportunistic acquisitions,” stated Philip R. Sherringham, President and Chief Executive Officer.  “At the same time, we remain committed to organic growth throughout our franchise.  Our performance during 2009 reflects continued growth in our core loan portfolios as well as deposits in spite of a clearly very challenging economic environment.  Year-over-year core commercial and home equity lending portfolios increased five percent and deposits grew eight percent.  In addition, the pillars of our financial position strong asset quality and prudent management of our excess capital have served us well in these challenging times.”Sherringham added, “We feel our asset quality has held up very well on both a relative and absolute basis through the recent recessionary cycle and continue to believe that most of the bad news is substantially behind us.  The strength of our capital and liquidity, asset quality and earnings, as well as the fact that our balance sheet remains funded almost entirely by deposits and stockholders’ equity, continue to set us apart from most in the industry.””On an operating basis, excluding system conversion and merger-related costs, earnings were $28 million, or 8 cents per share this quarter,” said Paul D. Burner, Senior Executive Vice President and Chief Financial Officer.  “Significant drivers of the company’s performance this quarter were a stable net interest margin, modest loan growth across our strategic lending businesses, and lower net loan charge-offs.  In spite of a 19 basis point reduction in our cost of deposits, the net interest margin was unchanged from the third quarter due to the combined effects of a 15 basis point decline in the yield on average earning assets and a 6 percent annualized increase in average deposits.”Commenting on asset quality, Burner stated, “Non-performing loans decreased $7 million this quarter, a further sign of what we believe is stabilization across the loan portfolio.  Our continued modest level of net loan charge-offs in this current economic environment remains a testament to our disciplined underwriting standards.”Fourth quarter net loan charge-offs totaled $13.6 million compared to $16.0 million in the third quarter of 2009.  Net loan charge-offs as a percent of average loans on an annualized basis were 0.38 percent in the fourth quarter of 2009 compared to 0.44 percent in this year’s third quarter.  For the full year, net loan charge-offs as a percent of average loans were 0.29 percent compared to 0.10 percent in 2008.  The level of the allowance for loan losses is unchanged from September 30, 2009.At December 31, 2009, non-performing loans totaled $168.8 million and the ratio of non-performing loans to total loans was 1.19 percent, compared to $175.7 million and 1.23 percent, respectively, at September 30, 2009.  Non-performing assets totaled $205.6 million at December 31, 2009, a $12.9 million increase from September 30, 2009.  Non-performing assets equaled 1.44 percent of total loans, REO and repossessed assets at December 31, 2009 compared to 1.35 percent at September 30, 2009.  At December 31, 2009, the allowance for loan losses as a percentage of total loans was 1.21 percent and as a percentage of non-performing loans was 102 percent, compared to 1.21 percent and 98 percent, respectively, at September 30, 2009.For the fourth quarter of 2009, return on average tangible assets was 0.51 percent and return on average tangible stockholders’ equity was 2.8 percent, compared to 0.55 percent and 3.0 percent, respectively, for the third quarter of 2009.  At December 31, 2009, People’s United Financial’s tangible equity ratio stood at 18.2 percent.Conference CallOn January 22, 2010, at 11 a.m., Eastern Time, People’s United Financial will host a conference call to discuss this earnings announcement. The call may be heard through www.peoples.com(link is external) by selecting “Investor Relations” in the “About People’s” section on the home page, and then selecting “Conference Calls” in the “News and Events” section. Additional materials relating to the call may also be accessed at People’s United Bank’s web site. The call will be archived on the web site and available for approximately 90 days.Selected Financial TermsIn addition to evaluating People’s United Financial’s results of operations in accordance with U.S. generally accepted accounting principles (“GAAP”), management routinely supplements this evaluation with an analysis of certain non-GAAP financial measures, such as the efficiency and tangible equity ratios, and tangible book value per share.  Management believes these non-GAAP financial measures provide information useful to investors in understanding People’s United Financial’s underlying operating performance and trends, and facilitates comparisons with the performance of other banks and thrifts.  Further, the efficiency ratio is used by management in its assessment of financial performance specifically as it relates to non-interest expense control, while the tangible equity ratio and tangible book value per share are used to analyze the relative strength of People’s United Financial’s capital position.The efficiency ratio, which represents an approximate measure of the cost required by People’s United Financial to generate a dollar of revenue, is the ratio of (i) total non-interest expense (excluding goodwill impairment charges, amortization of acquisition-related intangibles and fair value adjustments, losses on real estate assets and nonrecurring expenses) (the numerator) to (ii) net interest income on a fully taxable equivalent basis (excluding fair value adjustments) plus total non-interest income (including the fully taxable equivalent adjustment on bank-owned life insurance income, and excluding gains and losses on sales of assets, other than residential mortgage loans, and nonrecurring income) (the denominator).  People’s United Financial generally considers an item of income or expense to be nonrecurring if it is not similar to an item of income or expense of a type incurred within the last two years and is not similar to an item of income or expense of a type reasonably expected to be incurred within the following two years.The tangible equity ratio is the ratio of (i) tangible stockholders’ equity (total stockholders’ equity less goodwill and other acquisition-related intangibles) (the numerator) to (ii) tangible assets (total assets less goodwill and other acquisition-related intangibles) (the denominator).  Tangible book value per share is calculated by dividing tangible stockholders’ equity by common shares outstanding (total common shares issued, less common shares classified as treasury shares and unallocated ESOP common shares).Source: BRIDGEPORT, Conn., Jan. 21, 2010 /PRNewswire-FirstCall/ —last_img read more

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