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July 20, 2006
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IBM EARNINGS UP FOR QUARTER...IBM announced second-quarter 2006 diluted earnings per common share of $1.30 from continuing operations, compared with diluted earnings of $1.14 per share in the second quarter of 2005, a year-over-year increase of 14 percent. Second-quarter income from continuing operations was $2.0 billion compared with $1.9 billion in the second quarter of 2005, an increase of 9 percent. Total revenues for the second quarter of 2006 of $21.9 billion decreased 2 percent as reported and adjusting for currency from the second quarter of 2005, which includes revenue from the divested PC business.
UNISYS ANNOUNCES SECOND QUARTER LOSS...Unisys Corporation reported a second-quarter 2006 net loss of $194.6 million, or 57 cents per share. The results included a pre-tax charge of $141.2 million to cover a planned workforce reduction of approximately 1,900 people. The results compared with a second-quarter 2005 net loss of $27.1 million, or 8 cents per share. Pre-tax pension expense in the second quarter of 2006 was $40.5 million compared with pre-tax pension expense of $45.8 million in the year-ago quarter. Revenue for the second quarter of 2006 declined 2% to $1.41 billion from $1.44 billion in the year-ago quarter. The company also reported "significant progress" in its previously announced cost-reduction efforts.
ePLDT COMPLETES SPI TECHNOLOGIES ACQUISITION...ePLDT has completed its acquisition of SPI Technologies (SPi), a leading business process outsourcing (BPO) company. The purchase price was $158.8 million inclusive of debt. The business combination with SPi will create one of the largest and most diversified operations in the industry with 11,000 skilled employees delivering a wide range of knowledge-based voice and non-voice solutions.
PLAN NOW F0R THE SECOND 2006 FORBES/OUTSOURCING CENTER SPECIAL REPORT...The second 2006 Forbes/Outsourcing Center special text/advertising report focused on best practices in managing outsourcing relationships will appear in the November 27 issue of Forbes magazine with an advertising close date of September 11. Participating advertisers receive a text profile or customer case study that will appear in the pages of Forbes magazine, which is read by some 5 million business decisionmakers. You can view the first 2006 report in pdf format online here. For more information and special rates for Outsourcing Alert subscribers, contact Jerry Bowles. p.s. Take a look at my hot new blog Enterprise Web 2.0
Posted by jbowles at July 20, 2006 07:29 PM
