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HPE is showing signs that its turnaround is picking up, as the enterprise IT giant raised its revenues and on Tuesday talked up a future without its software business.

For the three months to July 31, HPE's third quarter of the 2017 fiscal year is as follows:

CEO Meg Whitman, not surprisingly, talked up the particularly strong returns from the networking and storage groups, as well as a spinoff of the software business that returned some $8.8bn to HPE.

"With better execution we drove overall revenue growth, exceeded our EPS targets and improved our operating margins sequentially, all while completing the spin-merge of our software business," Whitman said.

"There's more work to do, but we are on the right track."

Whitman also addressed the reports that she had been pursued by Uber for its since-filled CEO position. The HPE boss admitted that taking over the dial-a-ride frat house (of which she is an investor) was a tempting prospect, but said she is now dedicated to staying in her current role.

"I thought it was a very interesting business model. It is similar to eBay in many ways, and the growth prospect reminded me of eBay in many ways," Whitman told analysts.

"It has nothing to do with HPE. Ihave dedicated the past six years of my life to this company and there is more work to do."

Meanwhile, analysts say that while the Q3 results were encouraging, there are still weak points in HPE's lineup.

"Of concern could be the 1per cent decline in Server revenue, traditionally a strong point for HPE, but not in the last few quarters," noted Patrick Moorhead, president of Moor Insights and Strategy.

"The last two quarters of Server declines can be attributed from not taking high-revenue, low-margin public cloud business, and this is still the hangover from that, as HPE reported that non-tier1 Server sales were up 12per cent."

Still, investors were pleasantly surprised by the strong returns, and HPE stock was up 4.7 per cent in after-hours trading at $14.70.

Sponsored: The Joy and Pain of Buying IT - Have Your Say

Read this article:
Free of software boat anchor and chain around its neck, HPE sees profits inch upward - The Register

The editing field has been dominated by Adobe Premiere Pro and Final Cut Pro X for years now. However, the price-tag can be enough to put some filmmakers on low budgets off.

Avid is trying to tap into this market of students and aspiring professionals with the introduction of a free version of Media Composer to try.

Marketed as the tool that your favourite filmmakersuse, the streamlined version, Media Composer First, aims to introduce a new audience to their software by offering many of the same tools and benefits as the professional version.

But, while thetemptation of free kit could be enough to sway you, it depends on what you need your editing software to do and what you want to do with it.

>> Read:Videographers beware: Apple kills off Final Cut Pro 7 with new update.

Obviously, given that the software is free, there are going to be some limits of what you can do.

For example, Avid claims that, in Media Composer First, project formats can produce output up to 1080p while the professional version carries up to 4K.Input footage at 4K is compatible but depending on your kit, it might not offer the final product you want.

The software also offers four video tracks and eight audio tracks in comparison to 24 and 64, respectively, in the full version.

These features would suit filmmakers working on smaller scale projects that do not require 4K formats.

However, for aspiring videographers, this free software could be just what you need. Avid claims it offerstools to fix problems like shaky camera footage and bad lighting alongside audio and sound effect mixing.

The highly competitive field of editing software means that videographers have plenty of choice, withDaVinci Resolve another contender alongside Adobe Premiere Pro and Final Cut Pro X. But, its all about finding the software to suit what you need.

Or if youre happy with the editing software you already have, take a look at our guide on how to edit 4K video on old computers.

You can download Media Composer First now on Avids website.

View post:
Avid looks to oust Adobe and Apple with free editing software - The Video Mode

BRUSSELS (Reuters) - European Union banks facing increasing competition from financial technology firms could find it easier to invest in software under rule changes being discussed with regulators.

EU banking rules treat software as a cost rather than an investment, forcing lenders to cover expenditure on digital applications with an equal amount of capital.

But with banks threatened by a growing number of cyber attacks and under pressure from nimble new entrants to the sector, regulators are now considering changes.

The Commission services are in a dialogue with stakeholders to gain a better understanding of the interaction between accounting and prudential treatment of software, a European Commission spokeswoman told Reuters.

We will envisage appropriate action if needed.

The Commission, which proposes laws at the EU level, shied away from the issue in an overhaul of banking rules last year, despite lobbying from banks in the region.

If expenditure on software, which amounts to roughly half of banks total digital investment, were treated in the EU as it is in the U.S. it could free up more than 20 billion euros ($24 billion)in capital this year alone, one banking lobbyist said.

It would help immensely if the Commission recognized the importance of this issue, Wim Mijs, head of the European Banking Federation, said.

Many European banks have been slow to invest in adapting to rapid changes in the way consumers use technology for finance, with so-called fintech firms starting to steal market share in a variety of sectors from payments to lending.

Fintech companies have also attracted the money needed to develop new technologies, with global investment worldwide in the sector more than 100 billion dollars at the end of 2016, data cited by the Bank for International Settlements shows.

Although fintech is still relatively small, the BIS warned of the increasing challenge it poses to banks, which have in many cases reacted by buying start-ups and their technologies.

They are also investing in upgrading their digital infrastructure, with a recent report from Celent, a financial services consulting firm, forecasting European banks would spend more than 60 billion euros ($71 billion) in software and information technology this year.

Banks argue software is a key component of their business, as customers demand more digital products such as mobile payments or online services.

As software becomes more bank-specific, it increases in value and should therefore be incorporated in capital, as is the case for tangible assets like buildings, banks say. This would reduce the amount of cash they have to hold to cover digital expenses under EU rules.

However the European Banking Authority (EBA) said changes to existing rules should be treated with the highest caution.

If banks were free to set aside less capital to cover software expenses, they could end up with a lower capital ratio, which may increase risks.

Banks are also seeking clearer exemptions for digital experts to EU rules which were introduced after the financial crisis to limiting bonuses to 100 percent of bankers salaries.

Banks say this hinders acquisitions of fintech firms, as high-ranking digital staff are used to big bonuses which they may have to relinquish if they become bank employees.

The Commission says the rules already provide exemptions for digital experts, but banks want the EU to clarify them to avoid unintended consequences, Mijs said.

($1 = 0.8407 euros)

Reporting by Francesco Guarascio; editing by Alexander Smith

View original post here:
Fintech pushes EU to explore changes to bank software rules - Reuters

Sept 5 Experiments increasingly rely on high-performance computing software. Differences in software environments can cause problems when those experiments need to be reproduced so scientists at the MDC in Berlin are helping find a solution.

Reproducing experiments and results is a cornerstone of science, but researchers acknowledge that actually achieving this feat can be tricky. Specific experimental setups are usually the result of a labs painstaking work and, in todays environment of high-throughput methods, are increasingly expensive. The fact that complex, customized sets of software are frequently involved in the analysis and interpretation of data makes it even more difficult to achieve true reproducibility.

Guix a free software that is used to fully reproduce computational environments might be part of the solution, says Ludovic Courts of Inria, the French National Institute for computer science and applied mathematics in Bordeaux. To implement it he has joined forces with Ricardo Wurmus of the platform for bioinformatics and modeling at the the MDCs Berlin Institute of Medical Systems Biology (BIMSB), scientists from the Utrecht University Medical Center and a growing group of international colleagues.

Capturing complete computational environments

The National Science Foundation in the US and journals such asNatureare insisting that researchers share source code and support reproducibility. The ability to reproduce an experiment depends among other things on the ability to reproduce the software environment, Courts says. That poses particular difficulties in the many cases which require high-performance computing (HPC) environments.

Guix is an outgrowth of a project called GNU launched almost 40 years ago at MIT in the USA. It makes up for some deficits of earlier efforts and is addressing several challenges: Users are no longer dependent on software package management by system administrators, empowering them to fully customize the environment to their needs. It also solves problems that arise when scientists draw on container solutions, which Courts compares to receiving a brand-new computer where everything has already been installed. That works until you make a small modification in the experiment to test a new hypothesis which often happens in the world of research!

The advantage of Guix is how it characterizes software environments in unambiguous terms, similar to a mathematical function. It completely describes all its relations and thus can reproduce them bit-for-bit. This way, Guix facilitates both reproducibility and customizability.

Adapting Guix to scientists needs

Guix was not originally designed for the high-performance computing environments required by todays experiments. So scientists at the MDC, Inria and the partner institutes are building functions that permit Guix to be used on a computing cluster, to implement reproducible workflows. They are also adding packages that were developed at each site.

Before Guix, the installation of scientific software was necessarily ad-hoc, Wurmus says. Groups would build their own software, statically link it into existing systems, and hope that it would never have to change because managing software environments was virtually impossible. Now not only can we manage a single environment per group in a reliable fashion, but we use Guix at all levels: of the group, user, workflow and so on.

The project is scheduled to last two years, at which time its initiators hope to have met the software reproducibility needs of their institutions. The wider objective, Courts says, is to convince others who rely on high-performance computing that Guix represents a major advance toward a fundamental goal in science.

The Max Delbrck Center for Molecular Medicine (MDC)

The Max Delbrck Center for Molecular Medicine in the Helmholtz Association (MDC) was founded in Berlin in 1992. It is named for the German-American physicist Max Delbrck, who was awarded the 1969 Nobel Prize in Physiology and Medicine. The MDCs mission is to study molecular mechanisms in order to understand the origins of disease and thus be able to diagnose, prevent and fight it better and more effectively. In these efforts, the MDC cooperates with the Charit Universittsmedizin Berlin and the Berlin Institute of Health (BIH) as well as with national partners such as the German Center for Cardiovascular Research and numerous international research institutions. More than 1,600 staff and guests from nearly 60 countries work at the MDC, just under 1,300 of them in scientific research. The MDC is funded by the German Federal Ministry of Education and Research (90 percent) and the State of Berlin (10 percent), and is a member of the Helmholtz Association of German Research Centers.http://www.mdc-berlin.de/

Source:Max Delbrck Center for Molecular Medicine

Originally posted here:
Project Adapts Reproducibility Software for HPC Environments - HPCwire (blog)