The IT sector saw little respite from its dire recent financial performance in August 2009. But one company’s results suggest the industry may be insulated from such disasters in future by the move to cloud computing
Three months ago, many IT companies reported their first financial quarters since the recession began in earnest. But any hope that the drubbing they received back then was a one-off was misplaced, it became clear in July
IT infrastructure vendor Progress Software has taken a maverick approach to company integration
The once-mighty continued to fall in March 2009, making for some fire-sale M&A deals in the technology sector
Networking provider moves into the server market with Unified Computing System
Virtualisation pioneer has ambitions as an enterprise platform provider
Virtualisation leader reveals further details of its cloud operating system at its European expo. But is the company itself up to the job?
Plus, Salesforce.com breaks the billion-dollar barrier
Migration Solutions was the winner of the Information Age Award for Data Centre Innovation of the Year, and Telecity was the runner up
Hitachi Data Systems won the Information Age Award for Eco-responsibility Innovation of the Year, with Bell Microsystems as runner-up
Sun Microsystems and EMC both boosted their cloud computing strategies with acquisitions in January 2009
Janaury 2009 saw a tidal wave of redundancies from IT vendors as the fallout from the fourth quarter of 2008 hit their balance sheets
Plus, consolidation in the insurance applications market
Nortel, Verisign and Dell in pickles all of their own. Plus: Salesforce.com fares well
| Company | Period | Revenue ($m) | Rev Change (%) |
|---|---|---|---|
| Hewlett-PackardCo | 1Q09 | $28,800.0 | 1% |
| Lenovo Group Ltd | 3Q09 | $3,592.0 | -20% |
| Quest Software Inc | 4Q09 | $201.6 | 8% |
| Unica Corp | 1Q09 | $26.1 | -8% |
| Xerox Corp | 4Q08 | $4,370.0 | -10% |
| Websense Inc | 4Q08 | $79.3 | 30% |
* Figures converted to US dollars
More Financial Results in Data Centre & IT Infrastructure| Acquirer | Target | Price ($m) |
|---|---|---|
| CA | Cassatt | n/a |
| EMC | Configuresoft | n/a |
| IBM | Exeros | n/a |
| Chatsworth Products | Epicenter | n/a |
| Rackable Systems | Silicon Graphics | $ 25m |
| Yahoo! Japan | Softbank IDC Solutions | $488.5 m |
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