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2ergo ‘patently’ looking for monetisation
The value is in the patents it seems. At least that’s the belief of entrepreneur extraordinaire, Ian Smith, executive chairman of AIM-listed, Manchester-headquartered, contactless mobile solutions...
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Amazon sinks on profits miss
After Apple, Yahoo, Facebook and Google, today we get Amazon and another 10% share price slide after hours. On the surface a 22% rise in full year sales to $74.5b and a 20% rise yoy in Q4, look...
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CSC drives up Q3 profits
Third quarter results out last night from CSC show that Mike Lawrie’s efforts to take out cost are having the right effect on margin expansion and cash flow. Compared with the same period last year,...
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Europe is a growth area for accelerating NetSuite
NetSuite roared through Q4 and FY13 with growth that is still accelerating, where others are starting to slow down. This is a metric to watch as it indicates the pace of SaaS adoption in the back...
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Firstsource turnaround continues
Firstsource’s turnaround under its new owners RP-Sanjiv Goenka Group continues. Q3 revenue for the period to 31 December was up 12.1% to Rs. 7.99bn (£77.6m) and EBIT profits were up 44.6% to Rs. 742m...
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Serco plunges on latest warning
Serco plunged 17% yesterday following another profits warning (see Serco ‘warns’ on 2014), which shone more light on the severity of impact recent contract scandals have had on the business (see Serco...
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Some positives in BT’s Q3
BT reported Q3 revenue growth of 2% across the group driving a faster growth of 8% in EBITDA and eps up 12%, showing a definite improvement on the Q2 results. In Retail, attention remains focused on BT...
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Unisys Services business closes a strong Q4
Unisys has delivered a good end to its FY13 with the Services operating margin hitting 9.8%, the higher end of its 8-10% target range. For the full year, the Services margin was 6.2%, down 20bp. IT...
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UPDATE: Fujitsu Q3 UK performance
Following the release of Fujitsu’s Q3 results yesterday (see Fujitsu reverses Q3 losses), we’ve had a chance to speak to UK MD, Duncan Tait. During the quarter, the UK business once again increased the...
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Share Indices for January 14
Not the best start of a year for investors. Almost every index we follow registered losses in the January. The FTSE100 was off 3.5% on well reported concerns for emerging markets like China and...
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Zynga buys NaturalMotion for $500m
It’s a bit like buses. Wait for ages for a $500m acquisition of a UK software house to occur and two come along at once. Earlier in the week we got Google acquiring DeepMind. See Google goes deep into...
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$20m more to fuel Powa
After having raised $76m in August, see here, Powa Technologies has raised a further $20m from the same investor. The total money raised ranks as one of the largest early stage investment rounds for a...
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ACS 'advances' further into education
‘Buy and build’ aficionado Advanced Computer Software (ACS) continues on its acquisition trail with the addition of Compass Computer Consultants (Compass) into the fold. Compass is described as “one of...
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Enables IT builds in a busy market
Enables IT, a small infrastructure services firm targeting the US and UK markets, has reported revenues of £7.13m for the year ended 30 September 2013. Of that total, £4.7m comes from the UK and the...
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Red Zebra gets first stripes from SBT
London-based loyalty programme platform start-up Red Zebra Analytics has raised a ‘seven-figure’ Series A investment (mooted to be less than £5m) from a fund managed by fin-tech focused SBT Venture...
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RM reports 'eventful but positive' 2013
Education-focused RM is reflecting on an ‘eventful but positive’ 2013 as its transformational journey continues. Revenues declined as anticipated in large part due to the well-signalled decline in the...
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SThree looks to more internationalisation
The future for UK-headquartered recruitment firm SThree is set to have an ever more international flavour as management strives to counterbalance the still very challenging UK staffing scene with more...
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Turkish Delight for Monitise
Monitise has announced the acquisition of the Turkish mobile money solutions company Pozitron, for £24m in shares with a potential 3-yr earnout of up to £36m. Pozitron, a profitable business with net...
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ARM resilient to smartphone slowdown
I’ve long been a fan of ARM– indeed I am a very long term shareholder. But this year has not started well for ARM investors with a near 20% decline since 1st Jan 14. Today ARM announced its Q4 results...
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Gresham well set for 2014
Gresham Computing continues to make progress as it builds a global business in the provision of high speed systems for reconciliations in transaction and cash management. The trading update published...
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