Edition:
United States

Software

Page 1

Progress reports 2016 fiscal fourth quarter and year end results

6:00pm EST

Progress Software Corp : Progress reports 2016 fiscal fourth quarter and year end results . Q4 non-GAAP earnings per share $0.62 . Q4 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Q4 revenue $118 million versus I/B/E/S view $123.5 million . Progress Software says will discontinue investment in digital factory offering, will re-align its resources consistent with its core operating approach . Progress Software says will implement restructuring efforts that will include consolidating facilities, implementing a simplified organizational structure . Progress Software says will implement restructuring efforts that will reducing marketing and other external expenses . Progress Software says intends to reduce headcount by approximately 450 employees, totaling over 20% of company's workforce . Progress Software says initial headcount reductions will begin in fiscal Q1 of 2017 and should be substantially completed by end of fiscal Q2 of 2017 . Progress Software says after investments in new product strategy, progress expects to reduce net annual run-rate costs by about $20 million by end of fy 2017 . Progress Software says Jerry Rulli, Progress' chief operating officer, will be leaving company at end of fiscal Q1 of 2017 . Qtrly GAAP diluted loss per share $1.52 . Progress Software says sees fy 2017 non-GAAP earnings per share $1.64 - $1.69; non-GAAP revenue $388 million - $396 million . Sees Q1 2017 GAAP revenue $86 - $89 million.

Raminfo signs MoU with eGram Society of Gujarat state

5:19am EST

Raminfo Ltd : MoU is for delivery of B2C services as part of the citizen service delivery initiatives implemented by the state government. .Says has signed a memorandum of understanding with Egram Society of Gujarat state.

Urbanise secures 20,000 lot strata contract in South Africa

Sunday, 15 Jan 2017 07:55pm EST

Urbanise Com Ltd :Urbanise secures 20,000 lot strata contract in South Africa.

Urbanise secures 20,000 lot strata contract in South Africa

Sunday, 15 Jan 2017 06:05pm EST

Urbanise Com Ltd :Urbanise secures 20,000 lot strata contract in South Africa.

MICROSOFT SAYS ACQUIRES DEEP LEARNING STARTUP MALUUBA - BLOG

Friday, 13 Jan 2017 12:45pm EST

MICROSOFT CORP : MICROSOFT SAYS ACQUIRES DEEP LEARNING STARTUP MALUUBA - BLOG .MICROSOFT SAYS YOSHUA BENGIO, HEAD OF MONTREAL INSTITUTE FOR LEARNING ALGORITHMS, WILL HAVE AN ADVISORY ROLE - BLOG.

Acrodea scraps plan on acquisition of EMICIA

Friday, 13 Jan 2017 04:26am EST

Acrodea Inc <3823.T> : Says co scraps the contract on acquisition of Tokyo-based firm EMICIA Co.,Ltd .Previous plan was disclosed on May 13, 2016.

Urbanise Com announces FY2017 guidance

Friday, 13 Jan 2017 12:37am EST

Urbanise Com Ltd : Currently forecasting revenues of between $9 million and $14 million for fy17 . Do not anticipate a significant increase in fy2017 operating expenses in fy2018 year .Total expenses for full year fy2017 are expected to be in range of $15 million to $16 million.

Telenav announces settlement of patent lawsuit

Thursday, 12 Jan 2017 04:15pm EST

Telenav Inc : Telenav announces settlement of patent lawsuit . Telenav inc says one-time settlement and license payment of $8 million to be made by Telenav . Telenav inc says one-time settlement and license payment will have a material impact on Telenav's Q2 fiscal year 2017 financial results . Telenav inc- payment for settlement will occur during january 2017 . Telenav - total revenue is expected to be $51 to $52 million as compared to previous guidance of $46 to $49 million for quarter ended December 31, 2016 . Gross margin is expected to be 44.5% as compared to previous guidance of 42% for the quarter ended december 31, 2016 . Telenav inc- net loss per share is expected to be $0.28 to $0.30 for quarter ended december 31, 2016 . Telenav inc says entered into a settlement and license agreement with vehicle ip, llc resolving vehicle ip, llc v. at&t mobility, llc . Telenav inc says will not have any continuing obligations to make future settlement or license payments to vehicle ip .Q3 earnings per share view $-0.17, revenue view $48.4 million -- Thomson Reuters I/B/E/S.

NYX Gaming Group receives approval to offer products and services to some Canadian provinces

Thursday, 12 Jan 2017 08:40am EST

NYX Gaming Group Ltd : NYX Gaming Group receives approval by Canadian gaming regulators and authorities .NYX Gaming Group Ltd - Received approval to provide its products and services across some Canadian provinces.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary