Logica reports revenue slump
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Looking for new CEO Computer services firm Logica CMG reported a decline in its first half revenues, ended 30 June 2007, but expects the full year to be back on track.â¦
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Weak revenue growth causes analysts to reduce estimates for AMR, dragging the entire sector lower on Wall Street.
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Profits slump at Photo-Me International after it was distracted by failed efforts to sell its core business.
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The software maker said its profit slipped in the fourth quarter even as sales edged higher, and forecast revenue from software sales and services of about 14 percent in 2008.
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The company's sales fall, pulling down its stock price.
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IT services vendor LogicaCMG Plc's involvement in the mobile communications software space is over following the sale of its telecoms products division to a private equity group for 265m pounds ($348m) in cash.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.
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Shares in SAP, the world&#039;s leading maker of business software, have plummeted after the group said its software licence sales fell well short of expectations in the second quarter.
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Shares of ESS Technology (ESST.O: Quote, Profile, Research) , a maker of computer chips for DVD equipment, fell 4.4 percent in premarket trading on Monday after the company lowered its third-quarter revenue and earnings
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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The largest U.S. mortgage lender said quarterly profit slid 33 percent and slashed its full-year earnings outlook, citing rising defaults as the housing market slumps.
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Business Objects reported a 19 percent rise in revenue for the third quarter, driven by services, but earnings were dragged down by a shortfall in license revenue, recent acquisitions and legal costs.While the income figures are broadly in line with preliminary results announced on Oct. 7, the company had expected its earnings to be better. The results come about two weeks after&#160;SAP announced plans to acquire Business Objects&#160;for $6.7 billion.Earnings for the quarter fell to $6.4 million, or $0.07 per share, from $19.6 million, or $0.21 per share, a year earlier, Business Objects said. It had predicted earnings of $0.16 to $0.20 per share.The earnings reported include a charge of around $7 million, equivalent to $0.05 per share, to settle litigation with Decision Warehouse. Business Objects had previously honored Decision Warehouse as its top distributor in Latin America: the company now resells products from&#160;Hyperion, which was recently bought by Oracle, and&#160;BEA Systems, which Oracle is trying to buy.Revenue for the quarter, which ended Sept. 30, was $369 million, up 19 percent compared to a year earlier. The growth was driven by revenue from services such as product maintenance, up 27 percent, and consulting and training, up 34 percent year on year.Growth in license revenue lagged, up just 6 percent compared to a year earlier, although license revenue from all product lines continued to grow, the company said.The&#160;acquisition of Cartesis, completed on June 1, and of&#160;Inxight Software, completed on July 3, added around $21 million in revenue for the quarter.Business Objects also profited from exchange rate fluctuations: while total revenue grew 19 percent year on year, at constant currency rates it grew just 15 percent, while license revenue grew 2 percent at constant currency rates.Business Objects warned that there&#39;s more uncertainty ahead -- and not just because of SAP&#39;s bid for the company, announced Oct. 7.The unexpected shortfall in third-quarter licensing revenue, added to uncertainty about customers&#39; future spending ahead of the merger, prompted the company to withdraw previously issued financial guidance.
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New South American offices target VoIP Logicalis is investing $1m in an attempt to gain a foothold in emerging South American markets. New offices are being opened by the business IT provider in Lima and Santiago.â¦
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The company said profit from continuing operations fell to $614 million as weak demand for calculators outweighed improving sales of advanced phones that use its chips.
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A slowing economy weighs on the employment software company.
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Shares in Molson Inc. slumped Friday after the brewer warned its summer-quarter earnings would be lower than expected due to slow sales in Canada and problems with profitability in Brazil.
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Diageo, the world&#39;s biggest maker of alcoholic drinks, said on Thursday that group net profit slid by 22 percent in 2006/07 from its previous financial year as the company was hit by higher taxes.