IndustryViews Corporate Activity - Q3 2012
Eligible TechMarketView subscription service clients can download IndustryViews Corporate Activity, our regualr summary of corporate activity in the UK software and IT services market, right here.
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Mastek grows as profits plunge again
Profitability seems to be a constant struggle for Mumbai-based, Mastek. Although the company is ‘back to black’ (see Mastek returns to profit), net profits slumped by over 70% in Q1 (to 30th Sept.)...
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Microsoft and its Q1 pain
It was not unexpected but Microsoft did have it tough in Q1 13 with revenue down 8% to $16bn and net income dropping 22% to $4.5bn. With PCs falling out of favour and the imminent arrival of Windows...
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Public sector powers UNIT4 in the UK
Performance can be good but variable at UNIT4 (see here) but with 11% revenue growth at group level (to €110.7m) including a 25% increase in license revenue, Q3 12 is one of the periods that stands...
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TCS tops Infosys on growth and margin
We’re well used to seeing headline revenue growth at Mumbai-headquartered offshore services firm TCS outstrip that of Banaglore based archrival, Infosys. Indeed, that has been the story quarter after...
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UK market still challenging for Logicalis
South Africa-based reselling and services player, Datatec, has released its results for the first half of FY13. The firm’s diversified business is providing some protection against the economic...
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Joanna Shields leaves Facebook for Tech City
On Saturday night, The Sunday Telegraph broke the news that Joanna Shields, currently responsible for Facebook’s operation in EMEA, is to leave to become CEO of Tech City Investment Organisation...
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Fidessa warns of flat 2012
The growth levels that have been declining at Fidessa since FY10 are set to reach a low point in FY12. Management warns that full year revenue will be flat year on year as already slowing equity...
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Infosys set to mine Lodestone
The deal is done, and Zurich-based SAP consultancy, Lodestone, now officially belongs to Infosys (see Infosys buys ‘Swiss Axon’). Infosys will in effect reverse its European management consulting...
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London Met abandons outsourcing plans
London Metropolitan University has abandoned plans to outsource its back office and campus management functions to a private sector partner – a move designed to cut costs by 50% - after a sudden...
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Permira buys Ancestry.com
I guess you could class London-based private equity firm Permira Advisers LLP as ‘British’. In which case we have no difficulty in reporting that they have just bought Ancestry.com for $1.6b – a 10%...
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Redstor – the challenges of channelling cloud services
When we met Reading-based Redstor early in the year as part of our Little British Battler initiative (see here), they were well along the way in their move from 'direct to client' storage product...
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Sanderson: ecommerce and multi channel bring rewards
Sanderson Group delivered another upbeat trading update this morning, continuimg the ascent it has been on since its move to refinance last year and sell its RBS division to Torex (now part of Micros)...
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Virgin Media Business keeps growing
Virgin Media Business (VMB) continues to be a growth engine for parent Virgin Media. The Business division saw revenue increase by 9.5% in Q3 to £169m, and 8.8% in the nine months to the end of...
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Facebook bounce
Facebook provided a pleasant surprise tonight for a change, reporting Q3 results ahead of expectations. Shares have risen over 9% after hours. Revenues were up 32% yoy at $1.26b - maintaining the...
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iPad mini - maxi price
The lead up to tonight’s announcement of the Apple iPad mini was such that the actual event was a bit of a yawn. Actually, I found it a bit annoying. I tried to count the number of times words like...
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Little British Battler Update: Littlefish
In the latest instalment of our series of ‘Little British Battler’ (LBB) updates, we take a look at Littlefish, the provider of managed IT support services for SMEs and mid-market companies (between...
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Lombard anticipating spend from regulatory change
In the fluctuating financial services environment Lombard Risk Management operates in, it is following what was a disappointing year by its standards (8% revenue growth – see here), with the expected...
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SAP remains optimistic in a gloomy world
SAP saw Q3 profit decline a whooping 51% yoy due to the effect of a large one time gain in the year ago quarter, but that still left it with a comforting net profit of €618m. As the reason for the...
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Unisys hit hard in Q3
After an upbeat performance in Q2 (see Unisys reports another quarter of improvement), figures reported by Unisys last night do not make for pleasant reading. Revenues declined 10% yoy (constant...
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