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January 21, 2009
Top Stories
IBM REPORTS STRONG QUARTER...IBM announced fourth-quarter 2008 diluted earnings of $3.28 per share from continuing operations compared with diluted earnings of $2.80 per share in the fourth quarter of 2007, an increase of 17 percent as reported. Fourth- quarter income from continuing operations was $4.4 billion compared with $4.0 billion in the fourth quarter of 2007, an increase of 12 percent. Total revenues for the fourth quarter of 2008 of $27.0 billion decreased 6 percent (1 percent, adjusting for currency) from the fourth quarter of 2007. Strategic outsourcing signings were up 20 percent worldwide, up 44 percent in North America.
BANCTEC SELLS IT SERVICES DIVISION...BancTec, Inc. a global provider of high-volume, document and payment processing services and solutions, has closed the sale of its Information Technology Service Management (ITSM) division to QualxServ, LLC. ITSM provides comprehensive deployment and maintenance services on computers, servers, printers, peripherals and networks for original equipment manufacturers (OEMs) and information technology outsourcing (ITO) service providers in North America and Europe. BankTec says sale of the division provides the company the opportunity to commit additional resources to its business process outsourcing (BPO) practice and business solutions offerings.
PELORUS ADVISORS LAUNCHES FOREX FOR OUTSOURCERS...For global outsourcing providers competing in the global outsourcing marketplace, exposure to volatile foreign currency markets is a significant source of risk. Pelorus Advisors, a leader in specialized risk management services, has introduced the Pelorus Global Forex, a foreign currency hedging solution specifically designed to meet the ever-growing hedging needs of global outsourcing providers.
SIG SUMMIT HELPS OUTSOURCING LEADERS IMPROVE BOTTOM-LINE PERFORMANCE...At its Spring Global Sourcing Summit, Sourcing Interests Group (SIG) will address how outsourcing leaders can deliver value and bottom-line savings to the boardroom. Keynote speaker Newt Gingrich, former Speaker of the House, will draw on his extensive experience to provide a clear picture of how international policy affects global markets and the supply chain. Outsourcing leaders are invited to join an exclusive group where topics such as outsourcing transition management, cutting-edge outsourcing practices, governance best practices, and BPO / ITO case studies will be discussed. SIG’s 35th Global Sourcing Summit is March 31 – April 3, 2009 at the Marriott Waterfront Hotel, Baltimore, MD. Register before February 28th to receive special rate of $995 (50% off the $1995 rate) and you’ll be invited to an exclusive roundtable luncheon with Newt Gingrich.
Posted by jbowles at January 21, 2009 06:40 PM