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1Z0-961 exam Dumps Source : Oracle Financials Cloud: Payables 2017 Implementation Essentials

Test Code : 1Z0-961
Test denomination : Oracle Financials Cloud: Payables 2017 Implementation Essentials
Vendor denomination : Oracle
: 73 actual Questions

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Oracle Oracle Financials Cloud: Payables

Larry Ellison Sees Expansive break For Oracle's Revamped Cloud | killexams.com actual Questions and Pass4sure dumps

via Aaron Ricadela

Oracle govt Chairman and CTO Larry Ellison had a message for analysts currently: Now that Oracle has upgraded the computer systems, networks, and structure that underpin its cloud computing carrier, it’s going to glean more aggressive on rate to position power on opponents.

“We’ve obtained a extremely hard infrastructure groundwork under their most strategic product, which is Oracle Database,” Ellison advised monetary analysts at a late October assembly in San Francisco. “It’s a land rush now for cloud, and they hold the option to be very rate aggressive.”

Ellison used his presentation, which adopted these of CEOs brand Hurd and Safra Catz on the conclusion of the company’s Oracle OpenWorld consumer conference, to squabble that community velocity, computing device protection, and database performance upgrades in Oracle’s cloud software are setting the desk for more consumers to stream databases in the coming year from their personal information facilities to on-line services. The performance improvements might let Oracle seize participate from Amazon internet functions, which Ellison mentioned isn’t as well suited to serving enormous, regulated organizations with data security issues in industries including banking and telecommunications.

“They haven’t modified their simple structure, and that they’re going to ought to,” he spoke of. “everyone goes to should.”

Oracle designed a second-era cloud infrastructure, obtainable now for novel shoppers, to fill the wants of the commercial enterprise-scale Oracle Database clients that are more and more able to jog their workloads to on-line versions. the brand novel architecture no longer simplest improves safety and reliability, it raises computing pace, proposing Oracle a cost lore against AWS seeing that cloud drudgery is billed by means of the minute. “It’s organize money for us,” Ellison said. “we can hold enough money to be a worthy deal extra aggressive on pricing than they can.”

The software significant furthermore confirmed novel self sustaining Database capabilities including the faculty for corporations to sequester computing jobs from different purchasers contending for elements. the brand novel infrastructure and database features may furthermore quicken customers’ relocating transaction processing databases and analytical data warehouses to the cloud, pointed out Ellison.

Oracle, the realm’s greatest corporation of database management software, had 42.three% of the $33.1 billion relational database market in 2017, according to market researcher IDC. Microsoft become second with 24.three% participate followed with the aid of IBM with 12.7% and SAP with 6.eight%. The cloud database haphazard on my own could be titanic, Oracle’s chairman mentioned.

Oracle will pursue sum cloud workloads, Ellison noted, while pointing to how a whole lot of “the area’s excessive-value information” is saved in Oracle Databases. “If they received the Oracle workloads in their cloud, how massive would their cloud be?” Ellison pointed out to analysts.

the novel generation of Oracle Cloud Infrastructure is designed round three dreams: more desirable security and reliability; conserving customers’ investments in their Oracle databases and purposes by using making them transportable to the cloud; and cost and efficiency benefits compared with on-premises types, in response to Ellison. in one illustration of Oracle Cloud Infrastructure’s technical area, Oracle is providing far off direct reminiscence access (RDMA) so computer systems in a community can alternate information in reminiscence quicker with out gaining access to each different’s working techniques. Oracle in its cloud carrier has furthermore separated controlling computers that rush Oracle code from machines working customers’ code, to give a boost to safety. “It’s costly—we had to add computer systems,” Ellison spoke of.

throughout a divide Oracle OpenWorld presentation on cloud infrastructure, Oracle senior vice president Don Johnson pointed out the enterprise took a unique technical approach than in different public clouds, designing its computing provider for large, regulated agencies with information safety considerations.

Cloud Infrastructure and Apps Complementary

The so-referred to as 2nd-era Oracle Cloud Infrastructure, which offers computing vigour, networking, and storage as online functions, could additionally inspire agencies to circulation more of their Oracle purposes to on-line application features in a challenge to SAP.

Cloud applications can lighten power Oracle Cloud Infrastructure demand, as organizations' own developers construct capabilities operating on it that integrate with online functions with a view to meet some pleasing client need. “These are linked companies,” Ellison spoke of. SAP claimed about 27% of the $27 billion enterprise resource planning utility angle remaining year, in comparison with nearly 21% for Oracle, in keeping with IDC.

“We’re going to jog from No. 2 behind SAP in applications to No. 1 in SaaS,” Ellison mentioned. SAP is growing the possibility for some consumers to harmonize with switching business applications suppliers via an ameliorate to its S/four Hana apparatus that requires an SAP database, and an introduced goal to abide pilot of some outdated types of its ERP tools by 2025.

“There’s a sincere opportunity,” Ellison said. “We’re relocating SAP consumers to the cloud—corporations you’ve heard of.”

Aaron Ricadela is an Oracle director of strategic communications.

ahead-looking Statements Disclaimer: Statements in this article relating to Oracle’s future plans, expectations, beliefs, intentions, and prospects are “ahead-searching statements” and are region to fabric dangers and uncertainties. Many elements could hold an upshot on Oracle’s present expectations and specific effects, and could trigger precise outcomes to vary materially. A discussion of such elements and other hazards that hold an upshot on Oracle’s company is contained in Oracle’s Securities and alternate fee (SEC) filings, together with Oracle’s most concomitant stories on figure 10-ok and figure 10-Q below the heading “chance components.” These filings can be organize on the SEC’s web page or at http://www.oracle.com/investor. sum tips in this article is current as of October 25, 2018, and Oracle undertakes no responsibility to replace any statement in gentle of recent counsel or future events.


medical school Cuts fees with Oracle Cloud | killexams.com actual Questions and Pass4sure dumps

Press unencumber

EDUCAUSE, Denver, CO—Nov 1, 2018

To enhanced optimize its elements and serve its college students, college and group of workers, West Virginia school of Osteopathic medication (WVSOM) is the usage of Oracle Cloud. With a complete, unified platform, the college can now obtain sure comfortable, dynamic administration of its operations and carry a extremely attractive and effective event to students and personnel alike. for the reason that launching the brand novel platform just months in the past, WVSOM has already Cut operational costs by using approximately $50,000.

WVSOM is a pacesetter in teaching osteopathic physicians for primary keeping medication in rustic areas. It prides itself on being at the intersection of know-how and drugs, combining a human contact with cutting-area clinical expertise to succumb the ultimate proficient, most caring and compassionate osteopathic physicians on the earth. Nationally recognized for its efforts, the scientific faculty knew it crucial to invest within the latest IT know-how to example situation the faculty for medium success. extra, the college additionally identified the value of offering a modern, personalised, journey to its technologically savvy students and group of workers. After evaluating a number of solutions, WVSOM chosen Oracle Cloud Infrastructure, as a result of its aggressive pricing – a couple of-third the pervade of other suppliers—and for the platform’s superior safety benefits.

“As a clinical faculty focused on teaching their students on chopping-part medical technologies, WVSOM noticed the value of bettering the event of their college students and team of workers by using furthermore investing in advanced technology across sum school services,” spoke of Kim Ransom, Chief expertise Officer at WVSOM. “With Oracle Cloud, WVSOM changed into now not most effective able to at once do in force the newest in business technology, however they additionally had the peace of intellect knowing that they were doing so with the even of protection and value efficiency it is vital to running their school.”

crucial to the success of the venture become Oracle Cloud’s capability to drudgery with WVSOM’s current funding in Ellucian Banner. these days, the gadget is produced from two basic accessories including a self-service module for students, personnel and faculty and an administrative module to holistically manage the faculty’s operational capabilities including HR, bills receivable, money owed payable, economic lighten and admissions.

“Universities huge and minute are faced with a distinct challenge – students that stand in intelligence and expect personalised, seamless experiences enabled by pass of technology whereas quiet having to operate on confined budgets and components,” said Pat Mungovan Oracle’s neighborhood vice president of higher education and research. “Oracle Cloud is empowering WVSOM with commercial enterprise-grade applied sciences to meet the needs of its complete faculty group, sum whereas holding its heart of attention on final some of the excellent medical colleges within the country.”

Contact data About Oracle Cloud Infrastructure

Oracle Cloud Infrastructure is an business Infrastructure as a carrier (IaaS) platform. organizations of sum sizes import on Oracle Cloud to rush enterprise and cloud native functions with mission-critical efficiency and core-to-area protection. by means of operating both habitual and novel workloads on a comprehensive cloud that includes compute, storage, networking, database, and containers, Oracle Cloud Infrastructure can dramatically enhance operational effectivity and abate complete cost of ownership. For more assistance, consult with https://cloud.oracle.com/iaas.

About Oracle

The Oracle Cloud presents comprehensive SaaS software suites for ERP, HCM and CX, plus most efficient-in-classification database Platform as a service (PaaS) and Infrastructure as a service (IaaS) from statistics facilities during the Americas, Europe and Asia. For extra counsel about Oracle (NYSE:ORCL), please argue with us at www.oracle.com.

logos

Oracle and Java are registered trademarks of Oracle and/or its associates. different names can be logos of their respective house owners.


way forward for Oracle Cloud may and will be SaaS in situation of IaaS | killexams.com actual Questions and Pass4sure dumps

oow18In his keynote to kickoff OpenWorld, Oracle Chairman Larry Ellison saved lots of his quotable lines for assaults on AWS, however as I mentioned in my final column, both acquire a runt bit distinct strategies to cloud infrastructure reflective of their contrasting views against utility design and deployment. Ellison’s swipes at AWS hold been unlucky considering they took the spotlight off what I esteem is Oracle’s greater promising cloud product line, its SaaS functions, the situation the company has effectively repurposed its licensed software as cloud features. As i mentioned remaining time,

I might remark Oracle’s SaaS database and enterprise utility products for CX, ERP, SCM, and so forth. becoming the favourite destination for businesses relocating workloads to the cloud that don’t need or crave the overhead of managing the underlying utility and servers. Oracle is in an example position to comply with the route of Adobe and Microsoft, which shifted workplace and content material introduction apps to a hybrid mingle of in the neighborhood-installed and cloud-based services.

It’s worth exploring the topic matter in additional component due to the fact that I harmonize with Oracle has greater in regular with application providers fancy SAP, Adobe and the non-windows, non-infrastructure parts of Microsoft than AWS.

a lot of decent SaaS information at OpenWorld

everybody loves a sterling feud between tech titans (although it’s one-way), so it changed into smooth to miss the signals of giant growth in Oracle’s SaaS company latest at OpenWorld and up to date revenue releases, peculiarly the many consumer success experiences that they documented here at Diginomica. for instance, in previewing the adventure, Den Howlett talked with Steve Miranda, executive vice chairman of Oracle applications product pile in regards to the company’s pass of including automation and data-pushed intelligence to its ERP, CRM and CX items. Miranda remarked on the quicken with which even giant corporations are divesting themselves of on-premise programs in favor of Oracle’s cloud purposes (emphasis delivered)

What I didn’t expect become to examine the number of agencies which are being disrupted or are disrupting in order that even in their case, they used to promote products but now they should be a whole lot greater a carrier business and that’s fundamentally diverse. The technical and enterprise procedure debt across these groups ERPs isn't helping them continue to be competitive in these strategies while additionally reacting to clients in ways and at speeds they in no pass had to before. that is the frenzy in cloud ERP adoption that I didn’t expect.

As Miranda hinted, the competitive demands on Oracle itself hold pushed it to develop into a carrier business which in swirl provides urgency to its SaaS transformation and drives additions to its burgeoning provider portfolio. while it’s unclear how a worthy deal of Oracle runs on SaaS, the enterprise has impulsively converted its software products into on-demand functions. As Ellison crowed in his keynote,

we've more SaaS applications than some other cloud issuer.

The remark’s accuracy is controversial, however what’s not is accelerated consumer adoption and product advancements, such as the means Oracle is including automation, self-optimization and different sorts of facts-driven intelligence to its SaaS items. certainly, as Howlett stated, laptop intelligence become a theme Oracle emphasised at the event, as did Ellison as he beseeched consumers to participate their needs and ideas for methods to obtain Oracle’s products even more suitable,

We automate these tedious processes, they automate those complicated processes, supplying you with massive productivity positive aspects, by pass of adopting their subsequent generation cloud purposes…

by working collectively, your decent concepts, their first rate ideas, they are able to bring the subsequent technology of SaaS purposes in the cloud.

OpenWorld changed into crammed with purchasers sharing their success stories, which the Diginomica team chronicled in additional than 20 articles. for example, Park motels and motels, which obligatory to implement a brand novel finance device after being spun out of Hilton, shared its consume of Oracle Cloud purposes to each bootstrap the system and supply novel capabilities. As Diginomica documented,

What Park required, Robb [Park’s senior vice president and chief accounting officer] defined, turned into a separate platform for sum of its monetary statistics, protecting time-honored ledger, debts payable, fastened property, procurement and challenge financials, which additionally provided business performance administration tools for monetary shut and consolidation and planning and budgeting. It additionally desired to obtain consume of cloud computing to retain its IT footprint to a minimal.

Park labored with consultants from supply Thornton and settled on a contrivance of bombard that involved enforcing Oracle ERP Cloud, Oracle Planning and Budgeting Cloud and Oracle fiscal Consolidation, and the usage of Oracle Integration Cloud carrier because the ‘secret sauce’ that permits Park to circulate facts between these apps.

Birmingham metropolis tuition informed Diginomica an identical sage of the usage of Oracle Cloud to acquire odds of novel technologies fancy AI, NLP (natural language processing), chatbots and API capabilities as participate of its subsequent-generation again-office platform. fancy most significant, centered agencies, its dreams were knotty through a legacy of miscellaneous techniques that weren’t designed to consult with each and every different, a lot much less remote shoppers over the information superhighway. Birmingham concluded that the amend cloud suite might exchange 15 siloed methods and its exhaustive evaluation determined that Oracle Cloud, with a portfolio spanning HCM, ERP, BI, payroll, monetary planning and budgeting and PaaS extensibility, turned into the right company.

Tahir Yousaf, Birmingham’s affiliate Director of IT, instructed us that the institution additionally wanted to lower the overhead of customizing the SaaS purposes for each branch, instead asking each and every organization to define their needs, not the particulars of how they might want to achieve them. As Yousaf talked about (emphasis delivered),

So, definitely, they made a powerful conclusion not to accomplish any ‘mapping’. instead they went to every of their company instruments and they mentioned ‘are you able to construe us about what you want your results to be’. What changed into the company outcome you wanted to look? if you acquire a traditional set of necessities to a cloud vendor, they can accomplish nothing together with your necessities, because in reality, their methods are already absolutely shaped.

So they asked the cloud vendors, how does your cloud system try this? Then they let their users Come to a conclusion which one to select according to their event and the experience. Vanilla is enhanced than you suppose in terms of its flexibility.

aside from the breadth of its SaaS portfolio, a ultimate selling factor for Oracle turned into its PaaS, with its tense integration to SQL databases, aid for loads of languages and frameworks and potential to consume backend platforms fancy Kubernetes, Hadoop and Kafka streaming. Oracle PaaS allows Birmingham to fill within the 5 p.c of functionality and compliance requirements the vanilla SaaS services don’t provide.

SaaS growth stated in monetary filings

The value of Oracle’s SaaS products is evident in the comments and statistics it shares with monetary analysts at each and every quarterly salary record. As I referenced in my outdated column, Oracle doesn’t break out cloud service profits by product line and, fancy Microsoft, and typically best discusses growth quotes, no longer absolute revenue figures. That stated, after its this autumn 2018 record, co-CEO brand Hurd talked about that habitual ERP and HCM SaaS revenue become $2.2 billion in FY 2018. while it didn’t replace the income number after it’s most concomitant Q1 2019 report, Oracle did document astonishing growth in SaaS, with co-CEO Safra Catz telling analysts that provider profits for ERP grew 30-plus p.c, that for plumb cloud applications turned into up forty-plus percent, while cloud infrastructure and PaaS were tailing at 20-plus p.c.

Chairman Ellison delivered color, calling Oracle’s cloud ERP product “a strategic key to their success in the SaaS purposes layer of the cloud,” boasting that Oracle ranks first in cloud ERP market participate with greater than 20,000 Fusion and NetSuite purchasers. Ellison stated that its SaaS multiply is fueled by using clients changing on-premise techniques (emphasis delivered).

consumers are buying Fusion ERP to substitute their present SAP on-premise ERP techniques, and clients are buying Fusion ERP to change their present Workday cloud ERP systems. ERP is the biggest segment within the utility enterprise. continuing their swift multiply in cloud — in the cloud ERP market puts Oracle well on its approach to becoming the area’s largest SaaS applications enterprise. That’s their strategy and present market situation within the SaaS layer of the cloud.

My take

As I in the past discussed, Oracle’s approach for cloud infrastructure is designed to facilitate the migration of current enterprise applications to its managed methods. while Oracle offers a fine looking feature set for this demographic, it’s capabilities aren’t specially sophisticated to these of the huge-three IaaS/PaaS suppliers, AWS, Azure and Google Cloud. Assuming brand Hurd’s commentary that “15 % of the U.S. corporate-owned information facilities shut down,” is correct, and it sounds believable, Oracle has many alternatives to profit IaaS enterprise. having said that, I assume Oracle will continue to play 2nd fiddle to Amazon and Microsoft in the IaaS market.

I harmonize with that SaaS is the greater cloud probability for Oracle as valued clientele fancy Birmingham city university motive that in the event that they are going to circulation to the cloud, why acquire half steps by using continuing to operate their functions? as an alternative, they'll remark the wisdom of allowing Oracle to control, relaxed and replace the infrastructure and functions. certainly, given Oracle’s unparalleled lore in its own applications, it's highly prone to accomplish a much better job than the valued clientele may accomplish themselves.

In an era of cloud functions, organisations add runt to no cost by using working what hold develop into commodity functions fancy databases, electronic mail systems, and other back-workplace structures. however some agencies squabble that they require customized installations to fill wonderful enterprise needs, the motive becomes untenable in an era of techniques that can be prolonged the consume of APIs and cloud PaaS frameworks. Oracle has a compelling sage in each SaaS and PaaS and will feasible evolve into a corporation that appears greater fancy Salesforce than AWS.

picture credit score - by the consume of Oracle's photograph Twitter feed for OpenWorld 2018

Disclosure - Oracle is a premier colleague on the time of writing and covered lots of the trip prices for the on the ground diginomica crew.




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1Z0-961 exam Dumps Source : Oracle Financials Cloud: Payables 2017 Implementation Essentials

Test Code : 1Z0-961
Test denomination : Oracle Financials Cloud: Payables 2017 Implementation Essentials
Vendor denomination : Oracle
: 73 actual Questions

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    Universal Electronics Inc. (UEIC) CEO Paul Arling on Q3 2018 Results - Earnings call Transcript | killexams.com actual questions and Pass4sure dumps

    Universal Electronics Inc. (NASDAQ:UEIC) Q3 2018 Earnings Conference call November 8, 2018 4:30 PM ET

    Executives

    Kirsten Chapman - Lippert/Heilshorn & Associates, Inc., Investor Relations

    Paul Arling - Chairman and Chief Executive Officer

    Bryan Hackworth - Senior Vice President and Chief monetary Officer

    Analysts

    Richard Magnusen - B. Riley FBR, Inc.

    Steven Frankel - Dougherty & Company LLC

    Gregory Burns - Sidoti & Company, LLC

    Operator

    Good day, ladies and gentlemen. Welcome to the Universal Electronics Inc., Third Quarter 2018 Earnings Conference Call. At this time, sum participants are in a listen-only mode. Later, they will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions] As a reminder, this conference call is being recorded.

    I would fancy to interpolate your host for today's call Ms. Kirsten Chapman from LHA Investor Relation. Ma'am you may begin.

    Kirsten Chapman

    Thank you, Jarinda. And thank you sum for joining us for the Universal Electronics third quarter 2018 monetary results conference call. By now, you should hold received a copy of the press release. If you hold not, please contact LHA Investor Relations at 415-433-3777 or visit the Investor Relation section of the website at www.uei.com/investor relations.

    This call is being broadcast live over the Internet. A webcast replay will be available for one-year at www.uei.com. Also, any additional updated material non-public information that might be discussed during this call will be provided on the Company's website where it will be retained for at least one-year. You may furthermore access that information by listening to the webcast replay. After reading a short Safe Harbor statement, I will swirl the call over to management.

    During the course of this conference call, management may obtain projections or other forward-looking statements regarding future events and future monetary performance of the Company, including the Company's faculty to anticipate the needs and wants of its customers and deliver products and technologies that will meet those needs and wants, including the Company's advanced control products, which comprehend continued adoption of their voice remote control and intuitive two-way home entertainment technologies by existing and novel customers; the continued incorporation of their QuickSet technologies including QuickSet Cloud into customers' products as expected by management; the continued acceptance and growth of the Company's connected home products and technologies, including security and control, temperature controllers and automation and other technologies identified in this call; the timing of novel product rollout orders from the company's customers as anticipated by management; the continued trend of the industry to providing consumers with more advanced technologies; the faculty to successfully identify and enter existing and novel adjacent markets for their products and technologies; the faculty to attract and obtain novel customers for their products and technologies; management's faculty to manage its business to achieve its revenue, margins, and earnings as guided, including management's faculty to ameliorate operating costs and efficiencies at acceptable levels through cost containment efforts including affecting their operations and manufacturing to lower cost jurisdictions; and due to the effects of the changes in laws, regulations and policies that may repercussion their business including the repercussion of newer additional tariffs and surcharges and other factors described in the Company's filings with U.S. Securities and Exchange Commission.

    The actual results that Company achieves may vary materially from any forward-looking statement due to such risks and uncertainties. Management wishes to caution you that these statements are just projections and actual results or events may vary materially from those projections. The Company undertakes no responsibility to revise or update these statements to reflect events or circumstances that may arise after today's date.

    For further detail on risk, management refers you to the press release mentioned at the onset of this call and the documents that Company files from time-to-time with the SEC, including the Annual Report on figure 10-K for the year ended December 31, 2017, and the occasional reports filed thereafter.

    These documents hold and identify various factors, which along with the risks identified in this call could occasions actual results to vary materially from those contained in management's projections or forward-looking statements.

    In management's monetary remarks, adjusted non-GAAP metrics will be referenced. Management provides adjusted non-GAAP metrics because it uses them for budgeting, planning purposes and for making operational and monetary decisions and believes that providing these non-GAAP monetary measures to investors as a supplement to GAAP monetary measures helps investors evaluate UEI's core operating and monetary performance and business trends, consistent with how management evaluate such performance and trends.

    The non-GAAP measures reflect the repercussion of adapting ASC 606 revenue from contracts with customers which was adopted on a modified retrospective basis effective January 1, 2018 and comprehend costs such as movement of factory equipment, duplicative labor efforts, legal costs et cetera incurred by the Company related to changes in the supply chain and manufacturing processes in response to the novel U.S. tariffs on goods imported from China.

    Additionally, management believes these measures facilitate comparison to the core operating and monetary results and business trends of competitors in other companies. A plenary description and reconciliation of these adjusted non-GAAP measures versus GAAP is included in the Company's press release reconciliation issue today.

    On the call today, their Chairman and Chief Executive Officer, Paul Arling who will deliver an overview; and Chief monetary Officer, Bryan Hackworth will summarize the financials. Paul will then return to provide closing remarks.

    It's now my joy to swirl the call to Paul Arling. please retrograde ahead, Paul.

    Paul Arling

    Good afternoon, and thanks for joining us today. As expected, they delivered $184.7 million in net sales, increasing 5% over the third quarter of 2017. More importantly, UEI has, once again, improved their positioning to address the expanding market break through continual technology and product advancement and proactive measures related to operations.

    Whether it is audio-video entertainment or home automation, consumers want intuitive control to be more pervasive in their home. Today, entertainment control is by far the most frequently used figure of control in the home as the medium person in the U.S. consumes almost six hours of video per day.

    Frankly, everything emanates from AV control and it is the natural growth point. And now, with voice enablement, the potential for netting together a total home control suffer is becoming more real. This bodes well for UEI as they dominate home entertainment control and offer a broad portfolio of sensing technologies and products. Their advanced intuitive two-way home entertainment systems, enabling one-touch view applications and voice navigation and search continue to set the measure for advanced entertainment platforms.

    Now, they are leveraging their technology to expand their presence in home automation and security through accounts such as Daikin, Trane, Toto, Ring, UTC, XFINITY Home and others. They continue to remark quarter-over-quarter growth in their home automation products and expect them to contribute approximately $130 million in sales in 2018. You can expect to remark products that bridge gaps in voice automation and home control at CES 2019; more on that in a minute.

    First, let's argue their technology and customers. Their QuickSet device discovery and control platform empowers consumers with simple, automated setup and complete control of the entire home entertainment ecosystem. Now QuickSet Cloud makes pile a unified home entertainment system even easier.

    While leading-edge technology adoption always takes time, they already hold the world's largest subscription broadcast providers on board and actively using their technologies to enable an automated one-touch view and control experience.

    One of them, a major cable provider in Europe, recently went live with a next generation entertainment platform powered by QuickSet Cloud. Their data analytics attest that in the first week of deployment, 94% of the households had fully automatic setup experience, measured in seconds, with zero manual intervention.

    And 98% of these successful setups were able to directly tune to users specified content with a separate button press of their Universal Electronics remote control. This is powerful technology. These are actual cost savings. This is relationship pile and relationship binding, and this is just the beginning.

    Additionally, their QuickSet platform is the default solution for many of the largest TV manufacturers worldwide. With QuickSet enabled TVs, these brands are offering consumers a worthy out-of-the-box on-boarding process that gives users a separate control point for sum their AV devices. But more importantly, a growing list of connected home automation devices that soon will be controlled through the largest array in the home, the TV screen.

    Building on their growing cloud-enabled systems that hold been proven to be key features in set-top boxes, game consoles, audio systems and TVs; at the International CES 2019, they will interpolate a novel end-to-end hardware and software voice-enabled AI product platform that promises to unify the entertainment control and home automation experiences, enabling interoperability across fragmented ecosystems.

    This platform, codename Butler, leverages their latest QuickSet cloud services with their Nevo AI digital lieutenant platform that they previewed final year and integrates back-end enterprise services required for IoT fleet management that they are actively pile from the ground up.

    We hold shown this product to a few key accounts worldwide and their reaction to this solution is very positive. As I said, they will launch this platform in January of 2019, including kits bundled with certified devices that comprehend their Ecolink sensors, offering safety and security and energy management with their voice-enabled entertainment control solutions.

    It's sincere being first-to-market and delivering the coolest control features on devices fancy voice attracts worthy customers, and providing the highest quality, solid value devices that generate ongoing subscriber satisfaction for operators cements customer relationships.

    We hold proudly served hundreds of subscription service providers and operators for over 30 years. They are committed to them and will endeavor to provide both technological innovation and operational agility to manage macroeconomic concerns fancy the recently instituted U.S. tariffs. Allow me to provide some color on this topic.

    As we've reported throughout their 30-year plus tenure during tough-times tenacious companies glean stronger. They believe they will illustrate this adage once again. They are using their operational agility to effectively manage this macroeconomic concern. They believe the economic repercussion of this situation will be temporary and there may be long-term benefits derived from their approach.

    On the plus side, over the years, UEI has developed a supply chain that allows us a broad array of options for addressing manufacturing challenges such as tariffs, labor rates, labor rate changes, labor shortages, dual sourcing et cetera. As you sum are probably aware, they already hold a manufacturing facility in Mexico and are well into the process of shifting unavoidable skews to that facility. Frankly, they hold been preparing for this shift because the increasing labor rates in China hold made those labor rates less and less auspicious over time to those in other countries.

    While changing facilities will result in some near-term disruption in expense, they furthermore anticipate long-term benefits, particularly for their business in the Americas, such as improved lead times, inventory levels, shipping costs, and potentially labor costs. Other options they are pursuing comprehend establishing manufacturing hubs in other countries that are not targeted by the tariffs and that suit their customer's operations.

    Sufficed to content that while these tariffs are causing near-term challenges, they can and they will be able to effectively manage the manufacturing and delivery of their cost effective solutions to provide their customers with their world-leading products and they will emerge from this challenge stronger than ever.

    With that, I'll swirl the call over to their CFO, Bryan Hackworth for a review of the financials.

    Bryan Hackworth

    Thank you, Paul. As a reminder, their results for the 2018 third quarter as well as the very age 2017 will reference adjusted non-GAAP metrics. Third quarter net sales grew 5% to $184.7 million compared to $175.5 million for the third quarter of 2017.

    Business Category net sales were $170.9 million compared to $162.9 million in the third quarter of 2017. The main growth drivers were an increased adoption of their advanced platforms and subscription broadcasting and continued growth in home automation; specifically, Daikin for energy control and Ring in the home security channel.

    Consumer Category revenue was $13.8 million compared to $12.6 million in the prior year quarter. obscene profit was $43.6 million or 23.6% compared to 26.3% in the third quarter of 2017. The abate is due primarily to the continued global supply shortage of both capacitors and resistors resulting in higher pricing for these components.

    Although I'm not providing specific obscene margin guidance for Q4, I expect their obscene margin percentage to ameliorate in the fourth quarter. They are working on a variety of measures, including changes in the supply chain and product redesign to offset the expense increases relating to these components.

    Operating expenses were $31.4 million compared to $30.7 million in the third quarter of 2017. R&D expense was $5.4 million compared to $5.3 million in the third quarter of 2017 reflecting their continued investment in technologies that enhance the user experience. SG&A was $26 million compared to $25.4 million. Operating income was $12.2 million compared to $15.4 million.

    Our effective tax rate decreased to 11.8% from 21.3% in the prior-year quarter as a result of receiving a tax refund from a local government in China for high-tech activities relating to 2017. Net income was $9.7 million or $0.69 per diluted participate compared to $11.9 million or $0.81 per diluted participate in the prior year period.

    Next, I'll review their cash stream and equilibrium sheet at September 30, 2018. They ended the quarter with cash and cash equivalents of $42 million compared to $59.4 million at June 30, 2018 reflecting net debt payments of approximately $8 million, bringing their equilibrium on their line of credit to approximately $103 million from $111 million final quarter.

    In addition, they repurchased approximately 149,000 shares for $5.5 million in the third quarter. Their cash conversion cycle defined as days sales outstanding plus days in inventory less days payables outstanding improved from approximately 114 days as of Q2 to 102 days at the abide of Q3.

    All three components improved sequentially with DSOs having the biggest repercussion as a result of tenacious collections in the month of September. For the fourth quarter, they expect days in inventory to continue to ameliorate as they lower their equilibrium of both raw materials and finished goods. With the progress they are making, they are on track to achieve their cash conversion goal of 90 days by summer of next year.

    Capital expenditures hold returned to a more normalized rush rate as the sale of their southern China factory, the transition of production to their remaining China factories, and the implementation of their Oracle platform in Asia were sum completed in the second quarter. On average, they expect their annual capital expenditures to approximate $20 million.

    As far as overhead is concerned, they continue to review their cost structure to determine if it's properly aligned with their growth initiatives. As stated final quarter, they will implement cost efficiencies and reductions in unavoidable areas some of which will commence in the fourth quarter while maintaining their effectiveness and continuing to invest in promising novel growth areas.

    Overall, they believe they can maintain the very expense even by 2020 as they will hold in 2018, while growing revenue annually in the 5% to 10% range, thus creating a substantial improvement in operating leverage.

    Now turning to their guidance for the fourth quarter of 2018, they expect sales for the fourth quarter to range between $180 million and $188 million. This compares to $180.7 million in the fourth quarter 2017. EPS is expected to range from $0.70 to $0.80 compared to $0.60 in the fourth quarter of 2017.

    I would now fancy to swirl the call back to Paul.

    Paul Arling

    Thanks Bryan. From a technological perspective, there is no doubt, they are in very exciting times. They are the world leader in intuitive home entertainment system control. Their position in home automation continues to grow rapidly and they expect to generate nearly 130 million of home automation related products sales this year.

    Our novel product pipeline continues to leverage their intellectual property, build on cutting edge technology that runs ahead of the competition and matches their history of innovation, starting with their Nevo platform many years ago, then with QuickSet device discovery and control platform, followed by QuickSet Cloud, and then with the Nevo AI digital lieutenant platform, and in 2019 their novel Butler products.

    Make no mistake about it. The growth in novel home entertainment platforms is upon us and the growth in home automation continues to build momentum. While the future in this region is very exciting, the introduction of these products by a variety of industry leaders is creating a cacophony of protocols in the medium consumer's home.

    As their innovative products hold done in the past, they bring order to the chaos and they will continue to create products that will swirl this cacophony into a symphony. The outcome is a coming together of products, existing and new, working together and intuitively controlled for a worthy entertainment suffer and a safe secure cozy home.

    We hold demonstrated their success in the past, and as the home has gotten more complex, they hold continued to multiply their leadership position in their core markets. While there is quiet much drudgery to do, they are committed to this more than ever before as the break before us is enormous. abide tuned.

    Operator, we'd now fancy to open up the call for questions.

    Question-and-Answer Session

    Operator

    Thank you. [Operator Instructions] Their first question comes from Jeff Van Sinderen from B. Riley FBR. Your line is open.

    Richard Magnusen

    This is Richard Magnusen in for Jeff Van Sinderen. And thank you for taking their call. esteem to what you mentioned about affecting or shifting supply chain from China to Mexico, along those lines, accomplish you hold plans to actually expand the facility in Mexico or maybe acquire another one in the region, and then furthermore that very question regarding other regions, perhaps other areas of Latin America or other parts of Asia, outside of China?

    Paul Arling

    Yes, well it's probably essential to point out we're not affecting everything there. Obviously, the volume that was affected is that which is being shipped mainly into the U.S., right, because that was the tariff affected area. The comfort of the world is basically unaffected by that action.

    But they actually had already taken some additional space in Mexico prior to the implementation of the tariffs. So they actually had some space there available for expansion. There may be additional space taken depending on the quicken of shift of some of those items. But in fact, they had already expanded the facility in Monterrey prior to August of this year. In fact they did it late final year.

    Richard Magnusen

    Okay. And accomplish you hold any insight into perhaps increased tariff impacts as you jog through 2019? And then to a unavoidable degree related to that, what about the impacts of components, because you mention capacitors and so forth about what you remark that repercussion being fancy as they jog through 2019?

    Paul Arling

    Yes. Well, it's nothing – it's difficult to know on the tariffs, if additional tariffs will be do in place. I will content that if we've shifted production out of the tariffed country, then I suppose even if the tariffs were to increase, it wouldn't influence anything, because they would hold already moved to a different country.

    I suppose you could squabble that in time, tariffs could be applied on sum countries, but in that case, I assume there would be a bigger issue. I'm not sure anyone believes that. But they assume that the trade tensions with Mexico hold settled somewhat, if not completely. So they feel pretty safe with that move, particularly for – again the products that are being shipped into the United States.

    Richard Magnusen

    Okay.

    Paul Arling

    So they don't really remark the tariff issue getting worse, although, again they could never guarantee what would chance there. They assume we're prepared for any of the – whatever shifts may occur there. We've already been affected by it and they are already shifting. We've already shifted, actually, some of their products to the novel facility and we'll continue to accomplish that as time goes on.

    We assume the upshot of this is temporal, because their long-term goal for sum of their customers would be to cost effectively succumb for them. So when a 25% cost multiply is levied, it would be their goal at least with time to not hold to hold them pay that if possible. So that's what we're doing. We're helping their customer. We're a solution provider, rather than just reiterating the problem to them, we're creating solutions to retain them cost effectively supplied.

    Richard Magnusen

    Okay. And then one final question, you collect a lot of information from users over time considering that you're spending many hours – in some cases many hours a day using devices. And what are the different ways that you're considering monetizing that data perhaps maybe sometime from now?

    Paul Arling

    Yes, it's a sterling question. They are getting more and more data, particularly with the QuickSet Cloud solution. So they accomplish obviously, believe it's early days, but longer-term there may be some value to that. They are working with major players in the industry on their set up and everyday control of their devices. So they're very well – may be a play in that.

    But right now, obviously, it's about participate pile and making QuickSet Cloud and its successors as they jog forward the de facto measure in operation of your home control system, AV control plus in a growing fashion, your home control system.

    Richard Magnusen

    Okay, thank you very much. I’ll glean back in the queue.

    Paul Arling

    Sure.

    Operator

    Our next question comes from Steven Frankel from Dougherty. Your line is open.

    Steven Frankel

    Paul, just a clarification, is there products flowing out of the Monterrey facility today and going to customers or is that something that will chance in Q4?

    Paul Arling

    No it's happening already. There is product flowing out of Monterrey.

    Steven Frankel

    And what does it acquire for margins there to approach where they would hold been had they been in China and not hold tariff situation?

    Bryan Hackworth

    Well, this is Bryan, Steve. I assume it's no different than when they transitioned to GTY. It will acquire a runt bit of time to ramp up and to glean people performing as they hold in other jurisdictions, and really, the respond to that is time. I mean, I assume fortunately for us they had the Mexico facility already in place. So that was one less thing they had to do.

    We transferred apparatus down promptly. They were able – fortunately to be able to hire people pretty quickly and were able to train them and they sent people from their different jurisdictions down to Mexico to train properly. So I assume everything is going pretty well. But if you want to rush as well as you are in an existing facility, then it takes a runt bit of time. But right now, I assume things are going well.

    Steven Frankel

    But there's not a structural issue that says you're giving up margin by doing this. If you glean this facility properly loaded, this will be sterling margin business?

    Bryan Hackworth

    Yes.

    Steven Frankel

    Okay. And then Paul, benevolent of a philosophical question or a towering even question. You've talked for the final two quarters about this significant home automation business, which should hold higher margins than your traditional business, yet we're not seeing it. What has to chance for us to remark the capitalize of a rapidly growing higher margin home automation business?

    Paul Arling

    Yes, it's a sterling question, Steve. I assume what happens is when you start out, just fancy they are in the next-generation AV business, to the extent the mingle is shifted toward an industry leader who is a sterling one to start with because they create the exact for the others in the industry to hold to match them. So that's the sterling news, is that the leader in the industry is the innovator and creates an even stronger impetus for people to jog in that direction.

    The only negative to it is that more of your mingle is shifted to a customer that will traditionally – because of their purchasing power and size hold a better negotiating position on those margins. So what has to chance is, as growth comes and you penetrate maybe medium-sized and smaller-sized customers and this is true, I assume in every business, the margins can inaugurate to improve.

    Steven Frankel

    Okay. And final quarter, you gave us a long list of near-term novel customer roll-outs. Could you give us an update there and especially if there's anything that appears to be stretching out and not going to meet your original timetable?

    Paul Arling

    Well they hold so many projects that I can't rattle off them sum again. If I looked at the project list, I would generally construe you that most of the projects are going off as they would expect. There are a couple that got pushed. I will content some of the projects that we're launching now were hypothetical to hold launched in 2017. They had a few of those that were delayed that long but are now genesis to ramp finally.

    So as we've said before, not anyone of these projects are cancelled. sum of the customers that are working on them are, in many cases, feverishly working on them because they understand that the future of the industry is to hold these advanced platforms. So they haven't seen any drop-off in the even of pains to glean them done and many of them are getting off on schedule.

    And if they're not on schedule they're weeks or a month late, nothing significant. So schedules hold been pretty sterling recently. They had a couple that got delayed, probably be delayed by months. But again, they view that now as just participate of the game that some of the projects will not achieve final approval and sometimes they are delayed by a month or two.

    Steven Frankel

    Okay and then what was Comcast as a percentage of revenue in the quarter?

    Paul Arling

    They were similar to final quarter. They were at 18.3% in the third quarter.

    Steven Frankel

    And did you hold any other 5% or 10% customers?

    Paul Arling

    No, it was just Comcast this quarter.

    Steven Frankel

    Okay. And Bryan, you talked a runt bit about maybe reallocating some headcount benevolent of – where are you in that process, accomplish you hold specific plans to try to reduce expenses that pass or is that something you're quiet studying at this point today?

    Bryan Hackworth

    We've started implementation in probably the latter participate of Q3 and definitely into Q4 where the first thing we've done is in Hong Kong. They are displacing some of the headcount into Mainland China, basically a lower cost jurisdiction. So that's step one. So they definitely hold started that.

    That is going well and but that's just the beginning. They need to obtain some more moves on that, but I don't want to retrograde into details on that right now. But that whole process has begun and it started with the displacement of headcount from Hong Kong into Mainland, China.

    Steven Frankel

    Right. And you talked about a goal of getting this cash conversion cycle down by next summer. Does that set the stage to glean back to your traditional mode of generating a material amount of free cash next year or are they ought to assume about that's benevolent of the bridge and 2020 is the year where you're back to historical levels of cash generation.

    Bryan Hackworth

    Yes. No, I assume next year they will remark a significant progress because Paul just talked about the – if the cash conversion cycle gets down to 90 days which we're on track, I spell they improved 12 days from final quarter to this quarter, and right now I assume even though we've made some headway into reducing their inventory levels, there's quiet play for improvement on that to glean inventory turns back in that 4x range, which will lighten significantly and CapEx as well from a free cash stream standpoint.

    As you know, well aware, over the final couple of years, we've got to expend money on pile out the factory in GTY and just buying novel apparatus for these higher-end platforms. And just to obtain it more difficult on ourselves, they did a full-blown ERP, novel ERP platform with transitioning from QAD to Oracle. So these were costly endeavors that, fortunately, are complete and that they finished those in the second quarter.

    Now there is quiet a couple of other jurisdictions that they hold do Oracle in, but they're smaller and won't be nearly the pains or the cost; so those are much smaller. So I assume they can glean their CapEx down to a normal, call about $20 million give or take, on average, which is where they were before the final couple of years.

    Steven Frankel

    Okay. And then Paul, given sum the margin pressure you've had, accomplish you feel fancy you were pricing your product appropriately today as you start to expand away from the customers that hold sum the pricing power to people that really need your technology or accomplish you need to rethink your approach to pricing?

    Paul Arling

    Well, certainly wouldn't content we've always been perfect. We've done a lot of drudgery internally to dissect that. We've separated their product into groups. They are highly differentiated product, medium differentiated, lower differentiated product et cetera and looked at the margin structure for each – furthermore small, medium, and big customers, took a cross-section of that.

    And generally, what they remark is that they are – the margins, obviously as you'd expect, would be higher on higher differentiated product and obviously they will be higher on lower the purchase volume or the smaller the customer. There are cases where they probably could hold done better and we've do in situation practices, controls, approvals that need to acquire situation in order for those prices to be reviewed to the extent they're outside of specific boundaries.

    But I assume generally we've done a sterling job there. I assume what's happened, Steve, is that the shift to the higher differentiated product needs to Come to fruition. And it is, because they did remark that in the trend over the final three years and I would project it will continue, it's just not happening overnight, because I assume a lot of these implementations are more technically knotty with the companies doing them than they may hold originally anticipated and it just takes a runt bit longer for them to be ready for that next-generation product.

    The ones who are bringing in outside lighten from us or others probably are doing it a runt quicker than others, but it is happening. And I assume it's unprejudiced to content and I assume most people would agree. If you examine at home entertainment, it was due for an upgrade in the suffer and it is happening. These products are getting better and better, but it's going to acquire time. It's not going to chance in six months and it is happening. I spell we're seeing more and more launches of these. They hold a lot of interest in these products. The voice enabled products just for AV.

    And furthermore as I mentioned in the call, the voice-enabled platforms for sum products that hold to drudgery in a – to unify a house that has a variety of protocols. We're seeing increased exact for that. So they assume we're sitting in a really sterling situation right now. But as far as pricing is concerned, they need to remark – as they remark more of a shift towards these advanced platforms, they will see, based on the pricing they have, the discipline we've do in place, they should remark a lift.

    Steven Frankel

    Okay. I appreciate it. I assume that does it for now. Thank you.

    Operator

    [Operator Instructions] Their next question comes from Greg Burns from Sidoti & Company. Your line is open.

    Gregory Burns

    Good afternoon. What percent of your COGS are currently topic to the Chinese tariffs?

    Bryan Hackworth

    Well, probably about half. They would be, obviously the U.S. based sales.

    Gregory Burns

    Okay, and what timeframe are they looking at for you to like, I guess, complete the readjustment of your manufacturing footprint. And when that's sum said and done, I guess, what percent of your COGS at that time will quiet be topic to the tariffs. So I'm assuming you're not going to jog sum the production out of China, but maybe you are, but if you can give us a runt color of that.

    Paul Arling

    No, no. Clearly, as of right now out, about half of their business would be affected. So they will jog that which is necessary, in order to provide cost effective solution to the customer. In other words not hold them hold to absorb the 25% increase. And that is taking situation as they speak. It was happening in Q3. It'll chance in Q4. I assume the preponderance of it will chance in the next couple of quarters and then by mid-year next year, it should settle down, as far as the disruption of it.

    But again the upshot of this longer-term is basically zero because what their goals would be to not to be the solution provider, to retrograde to the customer and content that they want to provide you these products in a cost effective pass and they can accomplish that. Through the shift of production they can obtain these products in another participate of the world and still, cost effectively, accomplish this. In other words China is not the only situation in the world that these products could be manufactured cost effectively.

    Gregory Burns

    Okay. So the abide goal is to jog sum the products flowing into North America out of China within the next 12 months.

    Paul Arling

    Correct.

    Gregory Burns

    All right. Then, what does that accomplish fancy how – I guess you'll hold some excess capacity in China, what will that accomplish – what are your plans there with your footprint once you readjust?

    Bryan Hackworth

    Yeah. We're going to hold to evaluate that. I mean, there will be excess capacity and then the question is can they accomplish a – right now, they hold two factories in China and we're going to hold to evaluate whether or not they reconsolidate some of that work. We're continually looking at, but they will hold to address the overcapacity issue within the next few months.

    Gregory Burns

    Okay. And then, you hold some – a lot of exclusions I guess from revenue and cost of sales. In terms of the some of the cost of sales exclusions, can you just give us a runt bit more detail on what falls into the excess manufacturing overhead bucket? What's do on that?

    Bryan Hackworth

    Sure, as Paul mentioned, they were gearing up for Mexico. So what they had to accomplish is they had to hire workers down in Mexico and you hold to hire them before you manufacture. So they had a lot of idle labor in Mexico. They transferred apparatus from China, so then this is where the excess capacity took a hit. They had unabsorbed overhead at GTY, and unfortunately it wasn't very long after they completed the transition from GTC to GTY that the tariffs took places and then they had a very short reprieve.

    And the next thing they know we're having to obtain adjustments. So on a positive note, they are fortunate that they had the foresight a couple of years ago to start a facility in Mexico which enabled us to jog promptly and quickly. But unfortunately, they hold that very issue with the excess capacity. So I'm going to hold to deal with that probably in Q4 and motif out exactly what to accomplish with the two factories, but that'll be addressed in the current quarter.

    Gregory Burns

    Okay. And then in terms of the AI product, I guess you're calling it Butler. Can you just lighten us understand benevolent of conceptually what that product is, is it fancy a competing solution to fancy an Alexa. Is it in that category or is there any benevolent of additional color you could give us on what that product or service looks like?

    Paul Arling

    Sure, pass better than Alexa. They don't even want to talk about that. What their product does is, basically at the heart of it, it is an AV control product because as they said in the prepared remarks, the heart of the home is the AV system, right, because while the people on this phone call may not either want to admit this or they're not medium people, the medium U.S. citizen is consuming six hours of video per day, five hours of that video is going on live TV or time shifted live TV. It's actually 4 hours and 50 minutes a day.

    So the heart of any home is typically the AV system. So they assume that the heart of any home control system probably should emanate out from AV because that is the most well-liked activity in the home. I abhor to be cute about this, but I would content this, that if sum the other things in your home lighting your thermostat, sum the environmental controls, if you're spending 4 hours and 50 minutes controlling them per day you hold a problem, either a physical or mental problem.

    Those are nice add-ons and they're brilliant products to automate life, obtain you safer, more secure and more comfortable, but most of this emanates from AV. So what their Nevo Butler would start with, obviously is their core market, which is that they can completely automate as they said earlier about QuickSet Cloud and they hold some data on that. The medium consumer can plug these products in and they will be automatically configured within seconds.

    So, it require no manual intervention at all. That would be the basis for it. And then, you can hold the home control devices around it. In addition, it has a multi-protocol or interoperability as a feature. So in other words, if you had already implemented other home control products in your home, even voice-enabled products fancy Alexa, which they would drudgery alongside. They can voice enable the Alexa device, drudgery alongside Alexa, as well as voice enabling your AV system.

    So essentially, it's a product that will interoperate with everything in your home, any AV device, any home control device, and frankly any voice-enabled protocol. Even if you had a different voice-enabled protocol in your home, it would drudgery alongside a product fancy this.

    Gregory Burns

    Okay, is it a Cloud or Interconnected? Can it pool…

    Paul Arling

    Yes, Cloud connected. And again, I was joking when I said about Alexa, it actually would drudgery alongside an Alexa. If you had Alexa powered devices, it would drudgery alongside it, if you so chose to consume that voice-enabled platform. But if you were to hold divide voice-enabled platform, maybe supplied by your cable operator, you now hold a cacophony in your house. You hold two discordant systems that accomplish not drudgery together. One is voice-enabled, the other is voice-enabled, but they're not – they don't cross, they're not cross compatible. What Nevo Butler would accomplish is, tie them together.

    Gregory Burns

    Okay, and is the strategy that you're going to sell this through your existing channels or is this going to be a standalone product that consume – okay, so this fancy the...

    Paul Arling

    Well, it could potentially be sold as a standalone product, but I assume they would inaugurate and they hold begun presenting this to their traditional customer foundation and are getting a lot of actual positive reaction for it. It's not ready yet, obviously as I announced in the prepared remarks, it will be presented at CES, and it'll be near production then and then to launch sometime next year.

    Gregory Burns

    Okay. And there was some advice out today or yesterday about Comcast potentially I guess putting out a box for streamers, set-top box targeted at streamers. Are you making the remote for that box?

    Paul Arling

    Well I'm not sure I'm at liberty to content this. The only thing I guess I could content to you is that their relationship with Comcast is stronger than ever and I don't know if we're allowed to talk about projects we're working on, but they hold a very sterling relationship with Comcast.

    Gregory Burns

    Okay. And is that something you're seeing in your talks with other customers, the cable operators looking to pick up some of those chord-cutters with a product fancy this?

    Paul Arling

    Yes, many of them are looking at that or incorporating over-the-top service into their solution which actually many hold already done, including Comcast.

    Gregory Burns

    Okay, great. Thank you.

    Paul Arling

    Thank you.

    End of mp;A

    Operator

    I'm showing no further questions at this time. I would now fancy to swirl the call back over to Paul Arling for closing remarks.

    Paul Arling

    Okay, thank you for joining us today and your continued back of Universal Electronics. I'd fancy to note, in the next month or so we'll be at the Imperial Capital Security investor conference in December. Of course, we'll be at the international CES 2019 in the second week of January this year and the Annual Needham Growth Conference in January, in novel York. They examine forward to seeing you at any or sum of those events. Hope to remark you at CES, of course. hold a lovely day. Thank you.

    Operator

    Ladies and gentlemen, thank you for participating in today's conference. This concludes the program. You may disconnect and hold a wonderful day.

    SeekingAlpha


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