zebra technologies corp-cl a (ZBRA) Key Developments
Zebra Technologies Corporation Announces the Resignation of Robert Potter from the Board of Directors
May 20 15
Zebra Technologies Corporation announced that effective as of Annual Meeting held on May 14, 2015, Dr. Robert Potter, director of the company
retired from the Board of Directors of the company.
Zebra Technologies Corporation Presents at 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-18-2015
May 15 15
Zebra Technologies Corporation Presents at 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-18-2015 . Venue: The Westin Boston Waterfront, 425 Summer St., Boston, MA 02210, United States. Speakers: Michael C. Smiley, Chief Financial Officer.
Zebra Technologies Corporation Collaborates with ARM, to Develop an ARM® mbed™ IoT Starter Kit for Zatar
May 14 15
Zebra Technologies Corporation has collaborated with ARM, to develop an ARM® mbed™ IoT Starter Kit for Zatar. The IoT Starter Kit powered by Atmel's Xplained board will enable simple, standards-based cloud connectivity for creating next generation Internet-aware, enterprise products integrated with the Zatar IoT cloud platform. A prototype of the IoT Starter Kit will be displayed at the Zebra booth at the 2015 Maker Faire event May 16-17, 2015 in San Mateo, California where developers and
product designers can register for early access.
Zebra Technologies Corporation Brings High-Speed Wi-Fi to Remote Village for UAE'sNational Catering Company
May 14 15
UAE'sNational Catering Company has implemented Zebra Technologies Corporation's T5 Power Broadband solution to connect 234 residential caravans in the remote desert area of Al-Ruwais near Abu Dhabi. Using NCC's current telephone wiring for fast, easy and cost-effective upgrades, the new system offers high-speed Wi-Fi service to improve residents' experience with uninterrupted connectivity for all their mobile devices. NCC's village provides residents with Wi-Fi connectivity as an essential service. Its previous wireless network was unreliable, with limited or no connectivity to some of the caravans, requiring residents to find random points to access the network. The previous network was also unable to accommodate the bandwidth requirements of the increasing number of mobile devices used by residents, such as tablets, laptops, and smartphones. NCC's IT division, Business DNA, decided to address these challenges by investing in a new wireless system that would provide residents with uninterrupted high-speed connectivity, as well as the flexibility required to meet future customer demand. NCC estimates significant cost savings compared to the alternative high-speed network, and it can rely on the scalability of the solution to meet future customer demand with minimal cost and easy maintenance. The upgrade in each residential caravan was completed in minutes eliminating the need for complex and costly installations and without the need to rip and replace any existing wiring. NCC's Business DNA, partnering with Data Capture Systems, was able to complete the project in two weeks half the time of deploying alternative cabling infrastructures. Key facts: To simplify deployment, the T5 Power Broadband system was integrated with the wireless networks used by Zebra's self-scanning solution in the village's retail outlets. As a result, TS-524 Power Broadband switches are managed by the existing Zebra RFS 6,000 controllers. Existing wall jack plates were replaced with TW 511 wall plate access points to deliver high-speed coverage in the caravan where they were installed plus several neighboring caravans. Only 84 TW-511 wall plate APs were required to provide adequate coverage for all 234 caravans. Factors such as distance and construction materials including metal components impacted wireless coverage and performance in many of the caravans. The unique architecture of the T5 Power Broadband system eliminates these issues. NCC is now able to monitor network performance, identify issues, and address problems before they impact service quality.
Zebra Technologies Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 4, 2015; Provides Financial Guidance for the Second Quarter of 2015
May 13 15
Zebra Technologies Corporation reported unaudited consolidated earnings results for the first quarter ended April 4, 2015. For the period, the company reported total net sales of $893,184,000, operating income of $19,774,000, loss from continuing operations before income taxes of $58,163,000, net loss of $25,297,000 or $0.50 per basic and diluted share against total net sales of $288,268,000, operating income of $53,408,000, income from continuing operations before income taxes of $53,545,000, net income of $41,606,000 or $0.83 per basic share and $0.82 per diluted share a year ago. Net cash provided by operating activities of $35,596,000 compared to $49,755,000 a year ago. Purchases of property and equipment of $25,522,000 compared to $2,374,000 a year ago. Non-GAAP net income of $72,445,000 or $1.40 per basic share and $1.39 per diluted share against net income was $48,837,000 or $0.97 per basic share and $0.96 per diluted share a year ago. Non-GAAP EBITDA of $99,477,000 and Adjusted EBITDA of $152,199,000 against non-GAAP EBITDA of $62,411,000 and adjusted EBITDA of $70,571,000 a year ago. Sales increased 15% from a year ago and was up 19% in constant currency from the continuation of an active run rate business and large deal activity.
The company announced its financial forecast for the second quarter of 2015. The company expects net sales within a range of $865 million to $895 million. This forecast incorporates an expectation of year-over-year growth of 9% to 13% in constant currency, on a proforma basis. Non-GAAP diluted earnings are expected in the range of $1.00 and $1.25 per share. Adjusted EBITDA are forecast within a range of $130 million and $145 million for the second quarter of 2015. This forecast assumes gross margin in the range of 45.5% to 46.5%.