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'Business
continuity briefs' provides a summary of new product and services
press releases and other useful resources published in the last
24 hours.
Phoenix IT Group plc, parent of ICM the UK based business continuity provider, has released an interim management statement relating to the period from 1 April 2009 up to 30 July 2009. The financial results for the Group for the first quarter are in line with the Board's expectations. Through a combination of the ongoing focus on the provision of higher margin services and continuing cost control, the margins in both the Partner and the Business Continuity divisions continued to improve in the quarter. However, excluding the effect of the sale of the Group's French business, on a like-for-like basis revenue for the first quarter of the financial year decreased by 5 percent compared to the corresponding period last year reflecting the impact of the recession over the last 12 months. Overall the Group achieved an operating profit for the period in line with the same period last year as a result of the higher Group operating margin.
FEMA has announced that federal disaster aid has been made available for Maine to supplement state and local recovery efforts in the area struck by severe storms, flooding, and landslides during the period of June 18 to July 8, 2009. James N. Russo has been named as the federal coordinating officer for federal recovery operations in the affected area. http://www.fema.gov/news/newsrelease.fema?id=49187
* Company delivers strong 10 percent OIBDA growth; results supported by solid core revenue internal growth, gross margin gains and overhead cost controls;
* Year-over-year strengthening of the US dollar reduces reported revenues and OIBDA growth by 7 percent, as expected;
* Strong cash flows increase liquidity; consolidated leverage ratio maintained at 3.6 times net debt to EBITDA
* Earnings are $0.43 per diluted share for the quarter including $0.18 per share of Other Income and the related tax benefit resulting from the weakening of the U.S. dollar since March 31, 2009
* Company refines 2009 guidance to reflect current trends and projected impacts from recent changes in foreign currency exchange rates.
Read the full results.
Riverbed Technology has announced that Hitachi Data Systems has qualified its Steelhead appliances, which allow companies to optimize disaster recovery processes between data centers while reducing overall IT costs. Riverbed Steelhead appliances are now for use with both Hitachi TrueCopy Remote Replication and Hitachi Universal Replicator products. Read press release.
FEMA daily SITREP
World weather impacts
•Date: 31st July 2009• Region: Various |
