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Primeur weekly 2014-11-10

Special

Explicit Vector Programming with OpenMP 4.0 SIMD Extensions ...

Focus

BIG project develops roadmaps to respond to Big Data opportunities in Europe ...

Embassy Cloud is bringing bio-informatic data analysis to computing and data services infrastructure ...

ANSYS to introduce engineering simulation applications in the Cloud ...

The Cloud

ConPaaS team to release ConPaaS 1.4.2 ...

IBM unveils industry's first intelligent Cloud security portfolio for global businesses ...

EuroFlash

ISC 2015 programme to offer greater diversity ...

Saving lots of computing capacity with a new algorithm ...

New research lights the way to super-fast computers ...

University of Edinburgy - EPCC to issue Call for Participation for the Exascale Applications and Software Conference ...

Two photons strongly coupled by glass fiber ...

HP and Wind River partner to create carrier grade HP Helion OpenStack solutions for NFV ...

Bull to issue Q3 financial results ...

USFlash

Chematria launches search for new Ebola treatments using artificial intelligence ...

HP delivers Flash Storage performance and efficiency without complexity of rip-and-replace ...

Industry collaboration drives 100G foundation for supercomputer infrastructure ...

TACC to expand with $20 million new building in 2016 ...

NVIDIA announces financial results for third quarter fiscal 2015 ...

Stream Integration Announces Availability of the Stream Grid Workbench ...

Oracle announces latest release of Oracle Database Appliance software ...

Eurocom's mobile supercomputer now supports the most powerful graphics, NVIDIA GTX 980M in SLI ...

Bull to issue Q3 financial results

7 Nov 2014 Paris - Bull has issued its third-quarter 2014 revenues. Revenues for the third quarter 2014 were 248.3 million euro, down year-on-year by (5.3%) on a like-for-like basis. This quarter is once again marked by the weakness of the activity in France, notably for traditional IT infrastructure projects, but also by the strong growth captured in Cloud computing. Order intake came lower this quarter, at 223.5 million euro, which brings the year-to-date order intake growth to +2.6%.

The Data Infrastructure segment consists of the businesses of modernizing processing & storage infrastructure for enterprise data. It includes the design, deployment and maintenance of infrastructure, data centres, servers and high-performance appliances, along with supercomputers.

The trends observed this quarter in the Data Infrastructure segment are those anticipated in the One Bull plan. The selective exit from non-strategic and dilutive markets is progressing. The impact is however amplified this quarter with the divestiture from the Group subsidiary in Egypt. As in the previous quarters, the business derived from customers' investments in traditional IT infrastructure is contracting, with marked effects in France. The Group re-focus on the key growth sectors identified as part of the One Bull plan is meeting success and the deployment of data centers infrastructures for private Cloud, high-performance servers and HPC supercomputers (High performance computing) record strong growth.

As a result, total revenues are down to 108.9 million euro for the quarter, setting the year-to-date revenue variation to (11.1%). Order intake reaches 120.8 million euro this quarter, an amount comparable to that of 2013, and over the first 9 months of the year order intake is up by +3.8%.

The Data Management segment consists of the service businesses for managing the enterprise data along its lifecycle. These include system integration, security solutions, along with private Cloud management services.

Revenues recorded this quarter in the Data Management segment are stable year-on-year at 139.4 million euro, leading to a year-to-date growth of +2.0%. Cloud management services recorded another quarter of double-digit growth. This positive trend was however offset by the lower activity in system integration and security solutions, with some postponement to the next quarter. The order booking, of 102.7 million euro over the quarter, was also weighed down by system integration business. However, over the first 9 months of the year the order intake is up by +1.7% and reaches 485.9 million euro.

As a result of the successful friendly tender offer on Bull's shares at 4.90 euro per share and at 5.55 euro per OCEANEs (bonds convertible and/or exchangeable into new or existing shares), Atos held on 18 August 2014 84.25% of the Bull SA's share capital and voting rights.

On 2 October 2014, Atos announced having crossed upwards the 95% threshold of the Bull SA's share capital and voting rights with the shares tendered to the reopened tender offer and the acquisitions of shares made at the same price on the market.

Bull has announced on 26 October 2014 its decision to proceed with an early redemption of all the bonds, convertible into new shares and/or exchangeable for existing shares due 1 January 2033, issued on 3 May 2000 (ISIN FR0000181034) (the "OCEANEs"). The early redemption of the 58,629 outstanding OCEANEs will occur on 1 December 2014 at a price of 15.06 euro, accrued with interests running from 1 January 2014 until the date of effective redemption (0.02 euros), representing a total of 15.08 euro per OCEANE.

Bull will communicate shortly on the terms and conditions upon which holders of Bull OCEANEs who held the OCEANEs prior to the announcement of the tender offer and sold them on the market or tendered them to the offer, will have the opportunity to receive in cash a maximal amount per OCEANE equivalent to the difference between the early redemption price and the tender offer price, i.e. amounting to 9.53 euro per OCEANE sold or tendered.

As per its announcement on 2 October 2014, Atos, a digital services expert, holding 95.56% of Bull SA's share capital, has filed with the Autorité des Marchés Financiers (AMF) a public buyout offer followed by a squeeze-out on Bull's remaining shares ("the Offer") on 6 November 2014.

The tentative timetable is:

  • 25 November 2014: Statement by the AMF certifying that the Offer is compliant
  • 02 December 2014: Opening of the buy-out offer period
  • 15 December 2014: Closing of the buy-out offer period
  • 16 December 2014: Implementation of the squeeze-out procedure and delisting from Euronext Paris

Following the meeting of the Board of Directors held on 19 August 2014, the composition of the Board noticeably changed with the co-optation of Mr. Thierry Breton, Mr. Charles Dehelly, Mr. Gilles Grapinet and Mr. Michel-Alain Proch as Board members and the appointment of Mr. Marc Meyer and Mr. Philippe Mareine as observers (censeurs). These co-optations and appointments of key figures linked with Atos took place due to the resignation of six Board members and one observer (censeur). Mr. Philippe Vannier, Chief Executive Officer of Bull, together with 3 independent directors - Mr. Edouard Guillaud, Mr. Jean-Françcois Rambicur and Mr. Philippe Vassor - complete the new Board of Directors. This new Board of Directors decided to split the positions of Chairman and Chief Executive Officer and unanimously elected Thierry Breton as Chairman of Bull.

In line with Bull's ambition to become with Atos a European expert in Big Data and in Cloud, the Group continues to expand and announces a new range of bullion high performance servers dedicated to Big Data and Cloud and a new range of novascale gcos enterprise servers to support Data Center transformation to Cloud and Big Data.

The Group keeps on developping technology partnerships to deliver on the promises of Big Data, and has teamed up with CustomerMatrix to launch innovative Big Data applications. The Group also joined forces with Sinequa to offer real-time Big Data processing appliances. Bull inked a partnership with Axiros a partnership to accelerate the delivery of Machine To Machine and Internet of Things solutions.

In the Security market, Bull further develops into cybersecurity for mobile device and makes its HooX encrypted telephony offering available in 'as-a-service' mode. Bull strengthens its data security solutions thanks to the partnership with PrimeKey, the market leader in Public Key Infrastructure (PKI). TrustWay Proteccio cryptographic module, the new hardware security module (HSM) from Bull, now integrates PrimeKey's encryption key management offering. In the area of secure critical systems, the multi-modal transport syndicate for the Rhone and Lyon Agglomeration (SYTRAL) implements the Passenger Information System solution from Bull. Bull will notably design, supply and integrate the ground control system and displays, but also operate the system.
Source: Bull

Back to Table of contents

Primeur weekly 2014-11-10

Special

Explicit Vector Programming with OpenMP 4.0 SIMD Extensions ...

Focus

BIG project develops roadmaps to respond to Big Data opportunities in Europe ...

Embassy Cloud is bringing bio-informatic data analysis to computing and data services infrastructure ...

ANSYS to introduce engineering simulation applications in the Cloud ...

The Cloud

ConPaaS team to release ConPaaS 1.4.2 ...

IBM unveils industry's first intelligent Cloud security portfolio for global businesses ...

EuroFlash

ISC 2015 programme to offer greater diversity ...

Saving lots of computing capacity with a new algorithm ...

New research lights the way to super-fast computers ...

University of Edinburgy - EPCC to issue Call for Participation for the Exascale Applications and Software Conference ...

Two photons strongly coupled by glass fiber ...

HP and Wind River partner to create carrier grade HP Helion OpenStack solutions for NFV ...

Bull to issue Q3 financial results ...

USFlash

Chematria launches search for new Ebola treatments using artificial intelligence ...

HP delivers Flash Storage performance and efficiency without complexity of rip-and-replace ...

Industry collaboration drives 100G foundation for supercomputer infrastructure ...

TACC to expand with $20 million new building in 2016 ...

NVIDIA announces financial results for third quarter fiscal 2015 ...

Stream Integration Announces Availability of the Stream Grid Workbench ...

Oracle announces latest release of Oracle Database Appliance software ...

Eurocom's mobile supercomputer now supports the most powerful graphics, NVIDIA GTX 980M in SLI ...