| For the record 19 July
Colt records another profitable quarter | 3V launches mobile top-up service There was a rash of financial results on Thursday, with Citrix, Colt and Iona all releasing quarterly figures. Citrix announced year-on-year quarterly revenue growth of 21 percent, and product licence growth of 16 percent in the second quarter of 2007. Revenue for the quarter reached USD334 million, a 21 percent improvement on USD275 million a year earlier. Revenue from licence updates grew 18 percent, while online services accounted for USD52 million of revenue -- a 47 percent rise. Technical services revenue, which includes consulting, education and technical support, rose 22 percent. Meanwhile, Colt registered its fourth consecutive quarter in profit. Although revenue at the telecoms group slipped 8.8 percent to USD410 million, profit before taxation did a U-turn from a EUR9 million loss a year earlier to a profit of EUR8.9 million.
TRX Integrates RESX Online Booking Site with TRAVELTRAX Data Reporting
TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced it is incorporating the innovative travel data reporting functionality of its TRAVELTRAX(SM) application into the RESX(R) corporate online booking engine. RESX is a leading online booking tool allowing corporate travelers to create policy-compliant and on-budget travel reservations via a hosted Web interface. TRAVELTRAX is a Web-based travel data reporting platform featuring simple and visual dashboard reporting. By integrating the two applications, RESX will provide agency distributors and corporate accounts with enhanced reporting. Travel managers and system administrators will improve their ability to monitor travel and expense trends through executive dashboards and detailed, traveler-level data.
Poll: Spitzer Wrong on Bruno, Right on Albany
This is interesting. In a Siena poll out today, 51 percent of respondents said they believe Eliot Spitzer knew what his aides were up to when they tried getting state police to gather information about Joe Bruno. But even more of them - 58 percent - say Spitzer “is committed to reforming Albany." .
Rein in spending and avoid credit-card debt
Question: I have credit-card debt at high interest rates on several cards, as well as student loans. Going into my last year in college and being wary of the future, carrying this debt scares me. I have been wondering if I should consider a debt-consolidation loan. What do you think? Answer: I am not a fan of consolidation loans. What attracts most people to consolidation loans is the potentially lower monthly payments. However, the main drawback of such loans is that they usually raise a person's average interest rate on his debt. .
Rate rise 'will hit economy'
A PEAK BUSINESS group warned yesterday that the rise in official interest interest rates will wipe billions of dollars from economic activity over the next 12 months. The Australian Chamber of Commerce and Industry believes the 25 basis point rise in the Reserve Bank's cash rate will directly cost the Australian economy $1.8 billion in the next year. Despite the expected dampening effects on consumer demand and business investment, the ACCI said it was not opposed to the rate hike. ACCI chief executive Peter Hendy said the tightening of monetary policy was necessary to help keep inflation under 3 per cent. "While interest rate increases do have significant cost to the community, inflation can have even larger cost," he said. "Therefore, ACCI does not oppose a rate increase to address high inflation." However, South Australia's peak business group, Business SA, said it was disappointed by the rise.
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