Technology Financial Info

Software AG increases earnings by 33 percent

Thu, 29 Jul 2010 00:00:00 GMT

· WebMethods license revenue grew by 31 percent in the second quarter 2010
· Total revenues up by 52 percent to €267.3 million
· The webMethods business division is the driver of revenue growth and profitability
· ....... Jul 29 2010

UAE retail sector to spend heavily on Enterprise Application Software by 2013, says Sage Software

Thu, 29 Jul 2010 00:00:00 GMT

UAE retail sector will spend heavily on Enterprise Application Software, according to Sage Software, the leading global supplier of Enterprise Resource Planning (ERP), Customer Relationship Management (CRM) and (Human Resource Management) HRM solutio....... Jul 29 2010

Riyadh Municipality invests USD 5 million towards 'Emergency Call Centre 940'

Sun, 25 Jul 2010 00:00:00 GMT

The Municipality of Riyadh in Saudi Arabia has invested USD 5 million towards an initiative called 'Emergency Call Centre 940', which allows local citizens and expatriates to voice out their complaints and suggestions by calling a 24-hour hot....... Jul 25 2010

Allied Telesis to leverage USD 45.8 billion ICT spending projected for UAE by 2012

Wed, 21 Jul 2010 00:00:00 GMT

July 21, 2010 - Allied Telesis (ATI), a global leader and provider of secure IP / Ethernet network solutions and an industry leader in the deployment of converged multi-play networks, announced its aims to leverage the growing information and commun....... Jul 21 2010

Etisalat Board to Distribute Dividends at 25% for the First Half of 2010

Tue, 20 Jul 2010 00:00:00 GMT

Abu Dhabi, 20 July 2010, Etisalat's Board today declared an interim dividend of Fils 25 per share for the first half of 2010.

Etisalat recorded Net Profits of Dh 3.9bn for the first half of the year 2010 and revenues of Dh 16 billion.
....... Jul 20 2010

Saudi Arabia Consumer Electronics Market To Hit Sar 14 Billion In 2010

Mon, 19 Jul 2010 00:00:00 GMT

According to a recent forecast by Business Monitor International, the Saudi Arabia consumer electronics market is set to increase SAR 14 billion (USD $3.7 billion) in 2010. The consumer electronics market is a key growth sector for emerging markets s....... Jul 19 2010

Philips reports second-quarter EBITA of EUR 527 million and sales of EUR 6.2 billion

Mon, 19 Jul 2010 00:00:00 GMT

• Comparable sales up 12%, led by double-digit growth at Lighting and Consumer Lifestyle
• Emerging markets sales growth accelerates to 29%, now representing over one-third of Group sales
• EBITA of EUR 527 million, or 8.5% of sales
• EBITA,....... Jul 19 2010

Zain Saudi Arabia Q2 revenue increases by 107% to SAR 1.5 billion

Sun, 18 Jul 2010 00:00:00 GMT

Zain Saudi Arabia (Zain KSA) announced significantly increased revenues for the 3 months ending June 30, 2010, a milestone in its investment in the Saudi market. The company has now reached a remarkable break-even point for profit before interest on ....... Jul 18 2010

Infosys Technologies (Nasdaq: INFY) Announces Results for the Quarter Ended June 30, 2010

Tue, 13 Jul 2010 00:00:00 GMT

BANGALORE, India, July 13, 2010/PRNewswire - MySolutionInfo/ -- Q1 revenues grew by 21.0% year on year; sequentially grew by 4.8%

Highlights
Consolidated results for the quarter ended June 30, 2010

Revenues were US $ 1,358 million fo....... Jul 13 2010

Saudi Xerox Witnesses 20 Percent Revenue Growth during 2009

Mon, 05 Jul 2010 00:00:00 GMT

05 July 2010 - Saudi Xerox Limited (SXL) today released its 2009 growth figures. Despite challenging economic times, Saudi Xerox achieved 20% growth in its revenue in 2009 versus 2008.

The solid growth achieved in the Kingdom of Saudi Arabia (....... Jul 5 2010

Acxiom Ranked #1 Agency in the US by AdAge

Mon, 28 Jun 2010 00:00:00 GMT

Jeddah - 28th June 2010 - Direct marketing currently generates 10% of total GDP in the US, amounting to US $ 2 trillion in incremental sales across all industries. In the Middle East and North Africa (MENA) region, expenditure on this sector comprise....... Jun 28 2010

Gigaset Restructuring Pays Dividends; Communications giant’s Q1 results exceed all expectations

Sun, 27 Jun 2010 00:00:00 GMT

un 27, 2010 – Europe’s market leader for DECT phones is continuing its positive trend: Gigaset Communications GmbH significantly increased its operating income and improved its efficiency in the first quarter of 2010. EBITDA was about 17.7 million eu....... Jun 27 2010

Data Centre industry moving into rapid growth mode

Thu, 24 Jun 2010 00:00:00 GMT

June 24 2010 - Sophia Antipolis: Independent computer room and data centre specialist, Migration Solutions, has been appointed by a new, undisclosed, entrant to the market who has recently acquired a 60,000 square foot data centre in Norwich. The dat....... Jun 24 2010

IT spending in Egypt will hit US$ 2.1 billion by 2014

Mon, 14 Jun 2010 00:00:00 GMT

* CAGR of 12%, Placing Egypt in Top-Tier of Global IT Growth Markets;
* GITEX TECHNOLOGY WEEK Provides Platform for Expansive Growth Throughout Region

Cairo, Egypt: IT spending in Egypt is set to reach US$ 2.1 billion by 2014, making it one....... Jun 14 2010

Oman IT market to hit USD 327 million as government boosts investments in line with 'Digital Oman Strategy'

Tue, 25 May 2010 00:00:00 GMT

The Oman IT market is poised to hit USD 327 million in 2010, according to the latest estimate by Business Monitor International, as the Sultanate boosts its IT investments in line with the Government's 'Digital Oman Strategy' (eOman Initi....... May 25 2010