Managing the financial risks of today's IT corporations

CFOs in Technology

Subscribe to CFOs in Technology: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get CFOs in Technology: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Top Stories

WATERTOWN, CT -- (Marketwire) -- 01/27/12 -- Crystal Rock Holdings, Inc. (NYSE Amex: CRVP) announced its financial results for its fiscal year that ended October 31, 2011. These results will be filed on Form 10-K with the Securities and Exchange Commission today. Total sales for fiscal 2011 increased $3.8 million, or 6%, to $71.6 million from $67.8 million for fiscal 2010. Excluding the sales increases that were due to acquisitions, sales increased 4% in fiscal year 2011 compared to the same period in 2010. Gross profit increased $259,000, or 1%, for the year ended October 31, 2011 to $37.2 million from $37 million in the year earlier. Gross profit as a percentage of sales decreased to 52% in 2011 from 55% in 2010. Operating income in fiscal 2011 was $4.5 million, a $1.6 million decrease from fiscal 2010. Other income benefited in fiscal 2010 from a one-time incre... (more)

Polycom Reports Fourth Quarter and Fiscal Year 2011 Earnings

PLEASANTON, CA -- (Marketwire) -- 01/23/12 -- Polycom, Inc. (NASDAQ: PLCM), the global leader in standards-based unified communications (UC), today reported its earnings for the fourth quarter and fiscal year ended December 31, 2011. Fourth quarter 2011 consolidated net revenues were a record $407 million, compared to $340 million for the fourth quarter of 2010. GAAP net income for the fourth quarter of 2011 was $50 million, or 28 cents per diluted share, compared to $33 million, or 19 cents per diluted share, for the same period last year. Non-GAAP net income for the fourth qua... (more)

LSI Reports Fourth Quarter and Full-Year 2011 Results

MILPITAS, Calif., Jan. 25, 2012 /PRNewswire-FirstCall/ -- LSI Corporation (NYSE: LSI) today reported results for its fourth quarter and full year ended December 31, 2011. Fourth Quarter and Full Year 2011 Highlights Fourth quarter 2011 revenues from continuing operations* of $523 million Fourth quarter 2011 GAAP** income from continuing operations of 2 cents per diluted share Fourth quarter 2011 non-GAAP*** income from continuing operations of 13 cents per diluted share Fourth quarter operating cash flows of $55 millionFull-year 2011 revenues of $2.04 billion, up 9.3% year-over... (more)

End-User Experience Management Drives ROI

Enterprise CFOs are taking an increasingly active role in managing the IT decision making process. As a result, IT professionals need to be prepared to quickly show how innovative technology investments equate to real business value. According to a recent industry report, only 5 percent of CIOs have the power to authorize IT investments. That same study reports that IT departments are now, more than ever, reporting directly to the CFO (42 percent) as opposed to the 33 percent reporting to the CEO. A company can't stay competitive and productive without the right tools, technology... (more)

7-Eleven Acquires 55 Sam's Mart Stores in the Carolinas

DALLAS, Jan. 27, 2012 /PRNewswire/ -- Slurpee® drinks, Big Bite® hot dogs, Big Gulp® beverages and other convenient services are on their way to Charlotte.  (Logo: http://photos.prnewswire.com/prnh/20101208/DA14293LOGO) 7-Eleven, Inc. today announced that it has entered into an agreement with Sam's Mart LLC to acquire 55 Sam's Mart stores in North and South Carolina and convert them to 7-Eleven® stores this year.  The transaction is anticipated to close in February, subject to standard closing conditions and regulatory approvals.  Terms of the deal were not disclosed. 7-Elev... (more)