We know what COBOL stands for
Posted by Mike on Thursday, January 20, 2011 - 308 views
After Apple (AAPL) reported blockbuster earnings of 70.5 percent year-over-year revenue growth, anything in comparison seems lackluster. And yet, you can’t knock IBM’s (IBM) results, reported yesterday: Q4 revenue up 16 percent, year over year, to $29 billion and annual revenue up 4 percent to $99.9 billion. READ MORE
Posted by Mike on Wednesday, August 11, 2010 - 205 views
Micro Focus International warns its first-quarter performance is below management expectations following transaction delays.
As a result of weaker license revenue, the group now expects to deliver low single-digit like for like revenue growth for 2011 instead of mid single-digit growth.
However it expects no change to current EBITDA guidance for the full year as a result of cost management initiatives.
Revenue for the three months to July grew by 40% year on year but excluding the impact of the Borland and Compuware acquisitions was flat.
The group said its performance was below management expectations and caused by the delayed timing of a number of significant transactions beyond the end of the first quarter.
It also pointed to continued weakness in higher-volume, low-value deals across all three lines of business (COBOL Development, Modernization & Migration and AMQ).
Posted by Mike on Wednesday, July 21, 2010 - 170 views
IBM’s second-quarter profits were up 9 percent from a year earlier, the company announced on Monday, with increased sales in the U.S. and Asia helping to offset weaker spending in Europe.
Net profit for the quarter ended June 30 was US$3.4 billion, or $2.61 per share, up from $3.1 billion, or $2.32 per share, in the same quarter last year, IBM said. Revenue was $23.7 billion, up 2 percent year over year.
Posted by Mike on Tuesday, March 2, 2010 - 188 views
Although the mainframe revenue for IBM suffered in 2009 because of its upgrade cycle, the introduction of the new z10 System platform continues to be the best open system. Yes that is correct, the mainframe is the most open system available because it runs all types of workloads, of course the legacy standards of Assembler, COBOL, PL1 etc. but also C++, C#, java, PHP and the rest of the languages that run on UNIX and Windows boxes. READ MORE
Posted by Mike on Friday, January 29, 2010 - 152 views
Results for CA, a maker of software for mainframe and other corporate computers, have been resilient during the recession by cutting costs to match revenue. ..
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