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Profits nudge higher at Firstsource
BPS pure play Firstsource is making headway in improving profitability under new owner RP-Sanjiv Goenka Group (RP). Following a better looking Q3 in which EBIT margins rose to 7.2% (see here), Q4...
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Promethean: rough ride continues
Promethean World shareholders that continue to stick with the provider of interactive learning technology deserve a medal. It was all going so well just after the company floated on AIM in March 2010....
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Quindell's full year raises more questions
Quindell Portfolio’s FY12 results show that it really has got the wind in its sails (see Is Quindell the fastest growing SITS provider?). But interestingly, the insurance BPS provider's shares have...
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Sage closes half-year with clean sheet
The fact that Sage plummeted into a £75m net loss in H1 (to 31st March) ought not frighten the horses. This was solely due to the £180m hit from the disposal of 'non core' products, notably ACT! and...
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Wipro takes a small bite out of 'Big Data' Opera
Bangalore-based offshore services major, Wipro, has spent $30m to buy a minority stake in New Jersey headquartered 'Big Data' analytics firm, Opera Solutions. A recent report from community website...
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Anite finishes the year on a strong note
After a quiet Q3 (see here) today’s trading update showed that business picked up for Anite in Q4 so it now expects to end the year with adjusted PBT for the full year at the top end of market...
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Cabinet Office launches 'Cloud First' policy
We have been mulling over whether the UK Government’s ‘Cloud First’ Policy announced over the weekend will have a significant impact on the way Government departments and agencies behave when procuring...
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HP and Autonomy
All those readers who are following the HP/Autonomy debacle should read the excellent analysis – HP and Autonomy– in today’s Financial Times. The ‘event’ that triggered the article was the filing of a...
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Innovation Group renews key South African contract
Insurance BPS provider The Innovation Group (TIG) is on something of a roll right now signing new deals (see Innovation Group announces Aviva win). This time it has renewed a contract with the insurer...
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SAP boldly takes HANA to the cloud
SAP has taken the decision to offer a cloud-based version of its HANA in-memory database technology. The HANA Enterprise Cloud service will run from SAP’s own data centres but there are plans to enable...
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Steady as she goes at Cognizant
New Jersey headquartered, India-centric offhsore services firm Cognizant, hit the right numbers in Q1, though management did not venture to change its outlook for the FY. This is actually good news...
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A week of SaaS-on-SaaS acquisitions
It’s been a busy week for acquisitions in the SaaS vendor space with three providers snapping up fellow SaaS pure-plays. It looks like Salesforce.com has scooped up social bookmarking service provider...
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BT GS finally creeps over the FY profit line
Full year results for 2012 show that BT Global Services was able to inch into profitability with an operating profit of £3m (from a loss of £85m last year). It may not seem like much, but this is quite...
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Computacenter: Focus and growth
Computacenter is one of the few remaining home-grown brands in the TechMarketView ranking of leading suppliers to the UK IT services market. CEO Mike Norris and his team have led the firm along an...
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European Tech M&A valuations weaken
Valuation multiples for European Tech M&A deals weakened in April, with the average price-earnings multiples and price-sales multiples both declining, according to latest data from corporate...
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Velocity enters UK with velos-IT buy
For all the emphasis on cloud based application provision, there is still activity in the application managed services space but in a tough market critical mass remains important. That will be part of...
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Parity aims for AIM and more cash
After being one of the best performing UK software and IT services stocks so far this year (see here), Parity's shares took a 13% dive this afternoon on confirmation that the company "is in advanced...
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Blinkx: building its market
The FY13 results from video search engine provider Blinkx were as strong as previous announcements had forecast (see here), with revenue for the year ending March 31 2013 up 73% to $198m. Although part...
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Instem bolts on Logos Technologies
Instem, AIM-listed provider of software to the pharmaceutical sector, has made a bolt-on acquisition that takes it into the early phase clinical market. It has acquired Logos Technologies for an...
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Irish start-ups take pole position on VC investment
In an unusual turn of events, it was Irish start-ups that took the largest share of VC tech investment last quarter, according to latest data from corporate finance firm, Ascendant. Irish firms...
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