Technology
Enghouse Releases Second Quarter Results
Published
3 months agoon
By
MARKHAM, ON, June 10, 2024 /CNW/ – Enghouse Systems Limited (TSX: ENGH) announces second quarter (unaudited) financial results for the period ended April 30, 2024. All figures are denominated in Canadian dollars unless otherwise indicated.
Highlights for the Second Quarter ended April 30, 2024 compared to the same quarter in the prior year:
Revenue increased 10.9% to $125.8 million.Recurring revenue, which includes SaaS and maintenance services, grew 18.6% to $85.0 million, and represents 67.5% of total revenue.Operating profits increased 30.5% to $33.5 million, while achieving a 28.4% EBITDA margin.
Financial results for the three and six months ended April 30, 2024, compared to the three and six months ended April 30, 2023, are as follows:
Revenue increased to $125.8 and $246.3 million, respectively, compared to revenue of $113.5 and $219.9 million;Results from operating activities was $33.5 and $66.1 million, respectively, compared to $25.6 and $55.5 million;Net income was $20.0 and $38.1 million, respectively, compared to $12.5 and $29.6 million;Adjusted EBITDA was $35.7 and $70.4 million, respectively, compared to $30.2 and $62.5 million;Cash flow from operating activities, excluding changes in working capital, was $38.6 and $74.2 million, respectively, compared to $28.9 and $61.5 million resulting in record cash and cash equivalents of $263.8 million.
Our strong performance this quarter is demonstrated by double-digit growth in revenue, profitability and operating cash flows. Our proficiency in executing and integrating acquisitions continues to be a crucial profit growth driver. This quarter we completed the acquisition of Mediasite, which expanded our video technology into the education and event market and increased our presence in Japan.
Our business model continues to prioritize operational discipline as the demand for SaaS increases. Operational expenditures have shown improvement when compared to revenue both for the quarter and period to date, despite inflationary pressures and integrating acquisitions. Continued discipline in our business activities has increased our cash and cash equivalents to the record level of $263.8 million, with no external debt, while increasing our dividend, repurchasing shares, and completing and integrating the Mediasite acquisition in the quarter.
Subsequent to quarter-end on May 9, 2024, Enghouse completed its acquisition of substantially all of the assets of SeaChange International, Inc. (“SeaChange”) related to its IPTV products and services business, for a net purchase price of approximately US$23 million. This acquisition increases the scale of our IPTV business, augments our product offering and furthers our expansion into the European market. SeaChange will be integrated within the Asset Management Group from the date of acquisition.
Quarterly dividends:
Today, the Board of Directors approved the Company’s eligible quarterly dividend of $0.26 per common share payable on August 30, 2024 to shareholders of record at the close of business on August 16, 2024.
Enghouse Systems Limited
Financial Highlights
(unaudited, in thousands of Canadian dollars)
For the period ended April 30
Three months
Six months
2024
2023
Var ($)
Var (%)
2024
2023
Var ($)
Var (%)
Revenue
$
125,813
$
113,461
12,352
10.9
$
246,302
$
219,896
26,406
12.0
Direct costs
43,201
38,106
5,095
13.4
84,783
72,914
11,869
16.3
Revenue, net of direct costs
$
82,612
$
75,355
7,257
9.6
$
161,519
$
146,982
14,537
9.9
As a % of revenue
65.7 %
66.4 %
65.6 %
66.8 %
Operating expenses
49,031
47,712
1,319
2.8
95,211
89,422
5,789
6.5
Special charges
106
2,001
(1,895)
(94.7)
197
2,029
(1,832)
(90.3)
Results from operating activities
$
33,475
$
25,642
7,833
30.5
$
66,111
$
55,531
10,580
19.1
As a % of revenue
26.6 %
22.6 %
26.8 %
25.3 %
Amortization of acquired software and
customer relationships
(11,146)
(9,838)
(1,308)
(13.3)
(21,520)
(18,670)
(2,850)
(15.3)
Foreign exchange losses
(86)
(790)
704
89.1
(1,803)
(1,843)
40
2.2
Interest expense – lease obligations
(148)
(192)
44
22.9
(298)
(359)
61
17.0
Finance income
2,602
1,006
1,596
158.6
4,963
1,982
2,981
150.4
Finance expenses
(12)
(124)
112
90.3
(12)
(131)
119
90.8
Other income (expenses)
220
( 528)
748
141.7
106
(655)
761
116.2
Income before income taxes
$
24,905
$
15,176
9,729
64.1
$
47,547
$
35,855
11,692
32.6
Provision for income taxes
4,931
2,640
2,291
86.8
9,440
6,296
3,144
49.9
Net Income for the period
$
19,974
$
12,536
7,438
59.3
$
38,107
$
29,559
8,548
28.9
Basic earnings per share
0.36
0.23
0.13
56.5
0.69
0.53
0.16
30.2
Diluted earnings per share
0.36
0.23
0.13
56.5
0.69
0.53
0.16
30.2
Operating cash flows
40,256
18,698
21,558
115.3
60,155
47,960
12,195
25.4
Operating cash flows excluding changes
in working capital
38,613
28,875
9,738
33.7
74,170
61,507
12,663
20.6
Adjusted EBITDA
Results from operating activities
33,475
25,642
7,833
30.5
66,111
55,531
10,580
19.1
Depreciation
551
613
(62)
10.1
1,045
1,239
(194)
15.7
Depreciation of right-of-use assets
1,570
1,931
(361)
18.7
3,076
3,667
(591)
16.1
Special charges
106
2,001
(1,895)
94.7
197
2,029
(1,832)
90.3
Adjusted EBITDA
$
35,702
$
30,187
5,515
18.3
$
70,429
$
62,466
7,963
12.7
Adjusted EBITDA margin
28.4 %
26.6 %
28.6 %
28.4 %
Adjusted EBITDA per diluted share
$
0.64
$
0.54
0.10
18.5
$
1.27
$
1.13
0.14
12.4
Condensed Consolidated Interim Statements of Financial Position
(in thousands of Canadian dollars)
(unaudited)
As at April 30,
2024
As at October 31,
2023
ASSETS
Current assets:
Cash and cash equivalents
$
262,918
$
239,532
Short-term investments
854
827
Accounts receivable
110,965
93,383
Prepaid expenses and other assets
17,369
15,515
Income taxes recoverable
–
114
392,106
349,371
Non-current assets:
Property and equipment
3,328
3,273
Right-of-use assets
9,966
12,242
Intangible assets
98,253
109,659
Goodwill
292,990
280,241
Deferred income tax assets
25,422
28,884
429,959
434,299
$
822,065
$
783,670
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities
$
70,229
$
67,769
Income tax payable
1,500
–
Dividends payable
14,398
12,156
Provisions
1,420
2,238
Deferred revenue
130,273
109,019
Lease obligations
5,733
6,322
223,553
197,504
Non-current liabilities:
Income taxes payable
–
1,333
Deferred income tax liabilities
11,897
13,340
Deferred revenue
7,752
8,170
Net employee defined-benefit obligation
1,922
1,912
Lease obligations
4,337
6,080
25,908
30,835
249,461
228,339
Shareholders’ equity:
Share capital
113,237
107,701
Contributed surplus
10,252
10,404
Retained earnings
436,848
426,397
Accumulated other comprehensive income
12,267
10,829
572,604
555,331
$
822,065
$
783,670
Condensed Consolidated Interim Statements of Operations and Comprehensive Income
(in thousands of Canadian dollars, except per share amounts)
(unaudited)
Three months
Six months
Periods ended April 30
2024
2023
2024
2023
Revenue
Software licenses
$ 20,492
$ 22,016
$ 37,467
$ 42,751
SaaS and maintenance services
84,984
71,634
169,571
138,137
Professional services
17,401
17,995
33,346
34,886
Hardware
2,936
1,816
5,918
4,122
125,813
113,461
246,302
219,896
Direct costs
Software licenses
741
698
1,415
1,568
Services
40,951
36,793
80,482
69,218
Hardware
1,509
615
2,886
2,128
43,201
38,106
84,783
72,914
Revenue, net of direct costs
82,612
75,355
161,519
146,982
Operating expenses
Selling, general and administrative
24,812
23,935
47,681
44,733
Research and development
22,098
21,233
43,409
39,783
Depreciation
551
613
1,045
1,239
Depreciation of right-of-use assets
1,570
1,931
3,076
3,667
Special charges
106
2,001
197
2,029
49,137
49,713
95,408
91,451
Results from operating activities
33,475
25,642
66,111
55,531
Amortization of acquired software and customer relationships
(11,146)
(9,838)
(21,520)
(18,670)
Foreign exchange losses
(86)
(790)
(1,803)
(1,843)
Interest expense – lease obligations
(148)
(192)
(298)
(359)
Finance income
2,602
1,006
4,963
1,982
Finance expenses
(12)
(124)
(12)
(131)
Other income (expenses)
220
(528)
106
( 655)
Income before income taxes
24,905
15,176
47,547
35,855
Provision for income taxes
4,931
2,640
9,440
6,296
Net income for the period
19,974
12,536
38,107
29,559
Item that may be subsequently reclassified to income:
Cumulative translation adjustment
9,455
11,295
1,438
21,038
Other comprehensive income
9,455
11,295
1,438
21,038
Comprehensive income
$ 29,429
$ 23,831
$ 39,545
$ 50,597
Earnings per share
Basic
$ 0.36
$ 0.23
$ 0.69
$ 0.53
Diluted
$ 0.36
$ 0.23
$ 0.69
$ 0.53
Condensed Consolidated Interim Statements of Cash Flows
(in thousands of Canadian dollars)
(unaudited)
Three months
Six months
Periods ended April 30
2024
2023
2024
2023
OPERATING ACTIVITIES
Net income for the period
$ 19,974
$ 12,536
$ 38,107
$ 29,559
Adjustments for non-cash items
Depreciation
551
613
1,045
1,239
Depreciation of right-of-use assets
1,570
1,931
3,076
3,667
Interest expense – lease obligations
148
192
298
359
Amortization of acquired software and customer relationships
11,146
9,838
21,520
18,670
Stock-based compensation expense
501
473
778
931
Provision for income taxes
4,931
2,640
9,440
6,296
Finance expenses and other (income) expenses
(208)
652
(94)
786
38,613
28,875
74,170
61,507
Changes in non-cash operating working capital
6,651
(5,989)
(6,489)
(3,987)
Income taxes paid
(5,008)
(4,188)
(7,526)
(9,560)
Net cash provided by operating activities
40,256
18,698
60,155
47,960
INVESTING ACTIVITIES
Net purchase of property and equipment
(418)
(66)
(778)
(171)
Acquisitions, net of cash acquired*
(12,594)
(25,617)
(12,594)
(25,617)
Purchase consideration for prior-year acquisition
–
233
171
233
Purchase of short-term investments
–
–
–
(69)
Net cash used in investing activities
(13,012)
(25,450)
(13,201)
(25,624)
FINANCING ACTIVITIES
Issuance of share capital
373
–
4,683
604
Normal course issuer bid share repurchases
(1,147)
–
(1,147)
Repayment of lease obligations
(1,798)
(2,470)
(3,400)
(4,280)
Dividends paid
(12,188)
(10,225)
(24,344)
(20,446)
Net cash used in financing activities
(14,760)
(12,695)
(24,208)
(24,122)
Impact of foreign exchange on cash and cash equivalents
3,682
3,797
640
8,833
Increase (decrease) in cash and cash equivalents
16,166
(15,650)
23,386
7,047
Cash and cash equivalents – beginning of period
246,752
247,801
239,532
225,104
Cash and cash equivalents – end of period
$ 262,918
$ 232,151
$ 262,918
$ 232,151
* Acquisitions are net of cash acquired of $497 for the three and six months ended April 30, 2024 and $2,088 for the three and six months ended April 30, 2023, respectively.
Enghouse Systems Limited
Segment Reporting Information
(in thousands of Canadian dollars)
Three months ended April 30
2024
2023
IMG
AMG
Total
IMG
AMG
Total
Revenue
$
80,530
$
45,283
$
125,813
$
64,578
$
48,883
$
113,461
Direct costs
(26,573)
(16,628)
(43,201)
(19,133)
(18,973)
(38,106)
Revenue, net of direct costs
53,957
28,655
82,612
45,445
29,910
75,355
Operating expenses excluding special charges
(23,483)
(11,751)
(35,234)
(23,034)
(12,596)
(35,630)
Depreciation
(392)
(159)
(551)
(544)
(69)
(613)
Depreciation of right-of-use assets
(997)
(573)
(1,570)
(941)
(990)
(1,931)
Segment profit
$
29,085
$
16,172
$
45,257
$
20,926
$
16,255
$
37,181
Special charges
(106)
(2,001)
Corporate and shared service expenses
(11,676)
(9,538)
Results from operating activities
$
33,475
$
25,642
Six months ended April 30
2024
2023
IMG
AMG
Total
IMG
AMG
Total
Revenue
$
156,666
$
89,636
$
246,302
$
122,431
$
97,465
$
219,896
Direct costs
(51,979)
(32,804)
(84,783)
(35,564)
(37,350)
(72,914)
Revenue, net of direct costs
104,687
56,832
161,519
86,867
60,115
146,982
Operating expenses excluding special charges
(44,909)
(23,447)
(68,356)
(42,285)
(23,916)
(66,201)
Depreciation
(769)
(276)
(1,045)
(1,081)
(158)
(1,239)
Depreciation of right-of-use assets
(1,933)
(1,143)
(3,076)
(2,041)
(1,626)
(3,667)
Segment profit
$
57,076
$
31,966
$
89,042
$
41,460
$
34,415
$
75,875
Special charges
(197)
(2,029)
Corporate and shared service expenses
(22,734)
(18,315)
Results from operating activities
$
66,111
$
55,531
Enghouse is a Canadian publicly traded company (TSX:ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, telecommunications networks, public safety and the transit market. The Company’s two-pronged growth strategy to grow earnings focuses on organic growth and acquisitions, which, to date, have been funded through operating cash flows as the Company has no outstanding external debt financing. The Company is organized around two business segments, the Interactive Management Group (“IMG”) and the Asset Management Group (“AMG”) due to their unique customer segments and technology offerings. Further information about Enghouse may be obtained from the Company’s website at www.enghouse.com.
Conference Call and Webcast
A conference call to discuss the results will be held on Tuesday, June 11, 2024 at 8:45 a.m. EST. To participate, please call
+1-289-514-5100 or North American Toll-Free +1-800-717-1738. Confirmation code: 14684. A webcast is also available at: https://www.enghouse.com/investors.php.
The Company uses non-IFRS measures to assess its operating performance. Securities regulations require that companies caution readers that earnings and other measures adjusted to a basis other than IFRS do not have standardized meanings and are unlikely to be comparable to similar measures used by other companies. Accordingly, they should not be considered in isolation. The Company uses Adjusted EBITDA as a measure of operating performance. Therefore, Adjusted EBITDA may not be comparable to similar measures presented by other issuers. Adjusted EBITDA is calculated based on results from operating activities adjusted for depreciation of property and equipment and right-of-use assets, and special charges for acquisition related restructuring costs. Management uses Adjusted EBITDA to evaluate operating performance as it excludes amortization of software and intangibles (which is an accounting allocation of the cost of software and intangible assets arising on acquisition), any impact of finance and tax related activities, asset depreciation, foreign exchange gains and losses, other income and restructuring costs primarily related to acquisitions.
SOURCE Enghouse Systems Limited
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If you would like more information about Naturals2Go, email kim.page@naturals2go.com or visit Naturals2Go on the Web at www.naturals2go.com.
Media Contact
Kim Page, Naturals2Go, 1 716-247-6621, kim.page@naturals2go.com, https://www.naturals2go.com/
View original content to download multimedia:https://www.prweb.com/releases/bonus-days-off-no-meeting-days-and-virtual-water-coolers-naturals2go-brings-a-new-era-of-company-culture–commitment-302252834.html
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To celebrate, KIT KAT® is giving fans a “break” through a giveaway on @KITKAT_US’s Instagram, where four lucky winners will receive KIT KAT®-branded BÉIS Carry-on luggage filled with KIT KAT® Vanilla bars, and one grand prize winner will receive an additional $1,000 vacation rental marketplace gift card toward travel expenses to spend on a vanilla getaway this fall.Target Brings Holiday Magic with More Savings Across Largest Holiday Assortment Ever
Target is offering consumers savings all season long starting with Target Circle Week, Oct. 6-12, for those who want a head start on holiday shopping. The retailer is also preparing to deliver a joyful and easy shopping experience by investing in its existing team and hiring approximately 100,000 additional seasonal team members.STOUFFER’S® Debuts First Shelf-Stable Offering with New Format of Macaroni and Cheese
With a stovetop cooking time of just ten minutes and no additional ingredients required, STOUFFER’s Supreme Shells & Cheese is a great-tasting and effortless meal for any night of the week, offering the perfect answer to the age-old question “What’s for dinner?” Martha Stewart’s Revitalizing Secret Exposed! Pure Leaf Unsweetened Iced Tea is “Martha’s Little Helper” in New Campaign As seen in videos across social media, her secret stash of Pure Leaf is always accessible for a quick, revitalizing pick-me-up – whether buried in her garden, hidden in her library books or even baked into a homemade cake.Holiday Shoppers, Rejoice: The Toy Insider Experts Reveal the Hottest Toys of 2024 that Deliver Big Value!
This year’s hottest toys appear on one of three featured lists: the Hot 20, the most popular playthings of the year; the STEM 10, top toys that encourage STEM learning; and the 12 Under $20, the best toys that won’t break the bank.Makers of the Jennie-O® Brand Share New State-By-State Consumer Insights on All Things Thanksgiving Among the survey findings: Most people take up to two weeks to plan and cook their Thanksgiving meal. Actual food preparation for this monumental eating occasion adds another three days, and five hours of actual cooking on the day of.Move Over Pumpkin Spice, Simply Spiked® Cranberry Arrives Just in Time to be Your New Fall Favorite
This limited-time offering marks the brand’s first foray into seasonal releases, introducing two delicious varieties: Signature Cranberry and Apple Cranberry.Personalized Skincare Brand, Curology Marks 10 Year Anniversary With A Funfetti® Partnership
Designed to evoke a sense of nostalgia and joy, the lip balm captures the nostalgic Funfetti® vanilla cake batter notes, sugared sprinkle sweetness, and signature vanilla frosting, aligning perfectly with the celebratory spirit of the brand’s anniversary.
For more news like this, check out all of the latest retail-related releases from PR Newswire.
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Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:
Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
About PR Newswire
PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.
For questions, contact the team at media.relations@cision.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/this-week-in-consumer-news-13-stories-you-need-to-see-302253737.html
SOURCE PR Newswire
Technology
This Week in Tech News: 13 Stories You Need to See
Published
27 mins agoon
September 20, 2024By
A roundup of the most newsworthy tech announcements from PR Newswire this week, including Starlink Wi-Fi on United flights and a flying car manufacturing deal.
NEW YORK, Sept. 20, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help tech journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
IBM and Microsoft Open Three New Experience Zones to Provide Global Clients with More Hands-on Access to Cloud and Generative AI Solutions
These Experience Zones are designed to help global clients across industries, such as financial services, government, healthcare, industrial, manufacturing and consumer packed goods (CPG), find new ways to derive value from generative AI, hybrid cloud and other Microsoft products and technologies.B-FY passwordless biometric solution: a real gamechanger in the fight against Cybercrime
The ongoing reliance on passwords as a primary authentication method has left countless organizations vulnerable to attacks, resulting in severe financial and reputational damage. B-FY offers a robust solution to this growing vulnerability by eliminating the need for passwords altogether.Lockheed Martin Awarded GeoXO Lightning Mapper Contract to Support Forecasters with Severe Weather Monitoring
The GeoXO Lightning Mapper (LMX) instrument detects and measures lightning flashes while onboard NOAA’s next-generation GeoXO weather satellites. This lightning data will provide persistent severe weather observations of the Western Hemisphere, improving storm analysis and prediction, and aiding the detection of tornado-producing storms.Zero Latency VR Enters A New Era With 100 Venues Worldwide And 4 Million Players Pushing The Limits Of Reality
Zero Latency is gearing up to launch its most ambitious experience yet: Warhammer 40,000: Space Marine VR – Defenders of Avarax. This groundbreaking adventure will plunge players into the most expansive and intricately detailed VR universe ever crafted.NASA Shares Hidden Figures Congressional Gold Medal Remarks
The awards recognized the women who contributed to the space race, including the NASA mathematicians who helped land the first astronauts on the Moon under the agency’s Apollo Program.Alef signs mass manufacturing flying car agreement
PUCARA Aero and MYC, a joint venture with experience manufacturing aviation grade parts for Boeing and Airbus, signs an agreement to manufacture parts for Alef. Alef has secured over 3,200 pre-orders and is now entering agreements for mass production of its Model A flying car.The Inflight Wi-Fi Revolution Now Arriving: United Signs Starlink Deal to Provide Industry-Leading Connectivity in the Sky – For Free
“We’re excited to team up with United Airlines to transform the inflight experience,” said Gwynne Shotwell, President and Chief Operating Officer at SpaceX. “With Starlink onboard your United flight, you’ll have access to the world’s most advanced high-speed internet from gate to gate, and all the miles in between.”Spectrum Announces Unprecedented Customer Commitment, Free Internet Speed Lifts and New Bundled Pricing
These commitments are encapsulated within Spectrum’s new brand platform, Life Unlimited, which provides customers access to a life of ‘unlimited’ opportunity and possibility when seamlessly connected through Spectrum’s Internet, Mobile and Video services.Chipotle Debuts Autocado and the Augmented Makeline by Hyphen in Restaurants
With Autocado, crew members can focus on assisting with other food prep items and delivering exceptional hospitality to guests while Autocado cuts avocados, removes their skin, and separates their fruit through an automated process. On average, it takes Autocado approximately 26 seconds to fully flesh out the fruit inside an avocado.Infinix Taps Porsche Dreamer Stories Featured Creator: Discover the ZERO 40 Series GoPro Mode
Creative photographer Allan Yegon, armed with his Infinix ZERO 40 5G and GoPro device, embarked on an East African adventure. He dove beneath the waves and captured the rare moment of swimming with a giant whale shark.TerraMaster Unveils 9 New NAS Models with TOS 6 System
TerraMaster, a leading brand in home and enterprise storage solutions, announced the launch of 9 new NAS models, including two 8-bay all-flash NAS models specifically designed for high-performance needs.Ginkgo Bioworks Launches New Protein LLM and Model API Built on Google Cloud Technology
Chris Sakalosky, vice president of Strategic Industries, Google Cloud: “Ginkgo’s new protein LLM and open API mark a major step forward in making advanced AI tools accessible for drug discovery and biological research. By leveraging Google Cloud’s infrastructure and AI capabilities, Ginkgo is empowering both enterprises and individual scientists to accelerate their work and drive innovation in the life sciences.”Behind the Scenes at Apple Event 2024: How the iPhone 16 Pro and SmallRig Phone Cage Created Cinematic Magic?
It is the third consecutive year that the SmallRig phone cage has appeared at Apple’s event and the fourth consecutive year it has been featured in an Apple spot for the new iPhone series, showcasing how to achieve professional cinematic video using an iPhone.
For more news like this, check out all of the latest technology-related releases from PR Newswire.
Do you have a technology press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.
Info-Tech LIVE 2024
Info-Tech Research Group’s Info-Tech LIVE 2024 took place September 17-19 at the iconic Bellagio in Las Vegas. It offered journalists and media influencers a sneak peek into the latest technology research and trends, exclusive content, and the opportunity to meet industry experts, analysts and speakers.
Here are the front row updates straight from Info-Tech Research Group:
Info-Tech LIVE 2024 Day 1 Highlights: Key Insights Shared on Exponential IT, GenAI, and Emerging IT TrendsThe CIO Playbook Revealed by Info-Tech Research Group at LIVE 2024: New Program Will Drive IT Excellence Through a Systematic 12-Month RoadmapNext-Generation Management & Governance Framework Unveiled at LIVE 2024 Conference Will Empower IT Leaders in an Era of Exponential IT
Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:
Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
About PR Newswire
PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.
For questions, contact the team at media.relations@cision.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/this-week-in-tech-news-13-stories-you-need-to-see-302253751.html
SOURCE PR Newswire
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This Week in Consumer News: 13 Stories You Need to See
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