accounting in news
HP to slash tens of thousands of jobs
News On the accounting side, HP said it will record a $1.7bn charge in the fourth quarter of fiscal 2008 related to the restructuring programme. HP on Monday announced plans to cut tens of thousands of jobs over the next... [16 Sep 2008]
Pharmaceutical giant strikes $550m outsourcing deal
News The multinational firm, which has its UK headquarters in Uxbridge, Middlesex, is farming out its application development and maintenance, as well as a range of finance and accounting support services across the company. [12 Sep 2008]
Server sales continue to rise
News IBM and Fujitsu.each lost volume share in the second quarter of 2008, while Sun maintained its share position compared to last year, accounting for 4.2 per cent of the overall server market. While the continuing economic... [26 Aug 2008]
Tech spend to top $3.4tr
News Services, not products, now dominate spending, with IT and telecoms services making up 70 per cent of IT budgets, and telecoms alone accounting for almost $2tr of that. Despite a shaky global economic market, worldwide... [19 Aug 2008]
Bank job losses: Offshoring not to blame
News According to a report from Deutsche Bank, restructuring is responsible for nearly three-quarters of bank redundancies, with offshoring accounting for around 10 per cent of job losses.silicon.com Financial Services [18 Aug 2008]
Yahoo! claims 'strong' Q2
News Using generally accepted accounting principles, the company's net income decreased 19 per cent from $161m in the year-earlier quarter to $131m. Yahoo! s earnings for its second quarter came in one cent lower than... [23 Jul 2008]
Indian outsource giants feeling the pinch
News Value grew fastest in Europe, with 58 per cent more TCV in the first half of 2008 compared to the same period last year, accounting for 10 of the 13 $1bn-plus contracts. India's outsourcing giants are suffering sluggish... [18 Jul 2008]
Aviva strikes $1bn BPO deal
News WNS will provide life and general insurance processing functions including policy administration and settlement, finance and accounting, customer care and other support services. Insurance giant Aviva is to sell off its... [11 Jul 2008]
Mobile payments to hit $300bn by 2013
News The Far East and Western Europe will be the top two regions for mobile payments by 2013, accounting for 60 per cent of the $300bn global transaction value. The annual gross transaction value of payments made via mobile... [01 Jul 2008]
Europe embraces outsourcing in 2008
News Financial services dominated the offshoring market, accounting for more than 14 per cent of transactions. European companies signed more than a third of all outsourcing deals during the first quarter of the year. [27 Jun 2008]
Global BPO market to hit $450bn by 2012
News The emerging economies of Asia and Latin America will ride the crest of this wave, housing support functions such as finance and accounting services, and benefiting from the relocation of existing shared services centres. [16 Jun 2008]
Microsoft's next plan: Make over Live Search
News Microsoft has been a distant third in search, accounting for 9.4 per cent of core US search queries in February, according to ComScore. Microsoft hopes to back up its refrain that it has a plan to catch Google by showing... [08 May 2008]
Mobile M2M connections on the up
News But the analyst predicts vehicle telematics - aka wireless vehicle comms tech - apps will dominate the M2M cellular market in most parts of the world, accounting for more than half of all network connections by 2012. [06 May 2008]
Greggs tucks into centralised accounting model
News The software will be used by 100 finance staff looking after 1,350 shops and will consolidate 10 regional systems into a central shared-service accounting model. The product will interface to our existing manufacturing... [10 Apr 2008]
UK a hotbed for cyber crime
News The IC3 2007 Internet Crime Report revealed the UK ranked second globally behind the US for the number of perpetrators of e-crime - accounting for 15.3 per cent of the global total - and third for victims, with 1.1 per... [08 Apr 2008]
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