California Software net falls

By agencies   |   Monday, 31 October 2005, 08:00 Hrs
Printer Print Email Email
CHENNAI: California Software Company Ltd reported lower standalone net profit of $1.52 million on revenue of $1.7 million for quarter ended on September 30, 2005, compared to a net profit of $0.32 million on revenues of $1.43 million in the corresponding period last year.

The company said the net was down due to lower margin on account of acquisition and integration costs of companies acquired till April 2005, and higher employee costs of $1.08 million ($0.86 million), according to the company release.

California Software hopes to achieve group revenues of $23.86 million for the current financial 2006, the release added.

Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..