HP Reports First Quarter 2008 Results

HP announced financial results for its first fiscal quarter ended Jan. 31, 2008, with net revenue of $28.5 billion, up 13% from a year earlier and up 8% when adjusted for the effects of currency.

In the first quarter, GAAP operating profit was $2.6 billion and GAAP diluted earnings per share (EPS) was $0.80, up from $0.55 in the prior-year period. Non-GAAP operating profit was $2.8 billion, with non-GAAP diluted EPS of $0.86 up from $0.65 in the prior-year period. Non-GAAP financial information excludes $158 million of adjustments on an after-tax basis, or $0.06 per diluted share, related primarily to amortization of purchased intangibles.

Adobe launches Adobe Air

Adobe recently launched a software designed to make it easier for computer users to use online applications offline.

Adobe AIR lets developers use their existing web development skills in HTML, AJAX, Flash and Flex to build and deploy rich Internet applications that deploy to the desktop and run across operating systems.  With the Adobe AIR runtime, users can deliver branded rich Internet applications (RIAs) on the desktop that give businesses a closer connection to their customers.

AOL; eBay; The Nasdaq Stock Market, Inc.; The New York Times Company; Nickelodeon/MTVN Kids and Family Group’s Nick.com; Sharp Corporation and others already launched pioneering applications deployed on Adobe AIR.

EMC Advances Cloud Computing with Pi Acquisition

EMC Corporation announced it has signed a definitive agreement to acquire Seattle-based Pi Corporation, a privately-held developer of software and provider of services for personal information management.

Pi develops software and online services to enable individuals to control how they find, access, share and protect their increasing volumes of digital information.

Online search engines should follow rules – EU

The International Association of Outsourcing Professionals’ (IAOP) has selected Convergys as one of the world’s best outsourcing service providers.

Convergys got the prestigous award due to the value brings to its clients’ customer experience, the depth and breadth of Convergys competencies, and he experience and accomplishments of Convergys’ executive team among others.

Convergys Named to Global Outsourcing 100

The International Association of Outsourcing Professionals’ (IAOP) has selected Convergys as one of the world’s best outsourcing service providers.  The list includes the biggest and best companies from around the world that provide the full spectrum of outsourcing services.

Convergys accorded the award due to the value it brings to their clients customer experience, The depth and breadth of Convergys competencies, and the experience and accomplishments of Convergys’ executive team, and its investment in relationship management systems.