VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Mahindra Satyam has announced its unaudited consolidated financial results under Indian GAAP for the first quarter ended June 30, 2012. Consolidated Revenues is at Rs. 1880 crore, up 31% YoY. EBITDA is at Rs. 408 crore, margins at 21.7%, up by 417 bps QoQ. PAT at Rs. 352 crore, as compared to Rs. 225 crore in the previous year. EPS was Rs 2.99 per share in Q1. Vineet Nayyar, Chairman, Mahindra Satyam, said, “With this quarter, we have successfully ended our 3-year transformational journey, recording progress on the back of strong fundamentals, focus and investments. Global business realities continue to be unpredictable. However we are confident of taking forward our momentum.” CP Gurnani, CEO, Mahindra Satyam, said, “We compete in the marketplace today with investments in services, markets and our differentiators. Our plans to convert some of these bullets into cannonballs are a reflection of our performance this quarter....

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   IBM has recently announced its "Smart Camp Kickstart" event in Bangalore, India. This event, part of IBM's Global Entrepreneur Programme will bring together entrepreneurs, venture capitalists, academic leaders and experienced mentors with innovative ideas that can help to build a Smarter Planet. The KickStart events are a new component to the SmartCamp programme this year. These events are day-long versions of the full SmartCamps that focus on a particular topic or industry. The winner from the Bangalore KickStart event will have the chance to participate in the Asia SmartCamp, being held in Beijing in September. The winner of the event in Asia will further participate in the IBM SmartCamp global finals. "SmartCamp 2012 is a programme designed to leverage top tier mentor networks in support of building strong city communities, which are globally connected to help build a Smarter Planet. IBM SmartCamp 2011 was...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   WatchGuard has announced that its Q1 billings have once again returned double-digit, year- over-year growth.  "The first quarter of 2012 was a record first quarter for WatchGuard, following up on a record year in 2011. Hackers continue to push the security envelope, which means businesses are constantly hardening their networks, applications and data. Additionally, regulatory pressures around the globe continue to push businesses to take stronger positions against data loss, all of which bodes well for WatchGuard and our channel partners," said Mohit Puri, Country Manager, India & SAARC, WatchGuard Technologies. In particular, the company notes five consecutive quarters of double-digit growth (averaging 15 per cent) from the company's core UTM business, high customer retention rates, and 39-per cent year-over-year billings growth for its enterprise class, multifunction firewalls, which includes the XTM 8 s...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Edimax Technologies has announced that it is adopting the Regional Distributor (RD) model to further enhance its impressive growth story in India. Edimax invites Regional Distributors across India for distribution of its quality products and to cater to the increased demand across various customer segments for its networking as well as newly-launched IP network cameras.    Till Q1 2012, the North region was the largest contributor to the Edimax business in terms of revenue and RD base, providing more than 40% share of its total business in India. It is followed by West at 35% and South at 25% shares of the pie. The East region is yet to be explored, but holds promise for additional numbers. To start off, Edimax has appointed Advance Infotech, to distribute its range of IP cameras in Mumbai and Maharashtra. Edimax is looking for similar tie-ups in other regions as well to provide closer focus in each region.  Eric...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE North American Video (NAV) is off to a strong start in 2012, the company reported. With numerous projects currently in progress, as well as several more in the pipeline, NAV reports strong customer activity in the gaming, higher education, financial services and corporate vertical market segments. "We now service well over 1,000 client locations across the Northeast, and an increasing number of our projects are sold with service agreements attached. The combination of experienced technicians, product/technology expertise and after-sales support that we offer appeals to customers because it provides the complete solution they require," said Jason Oakley, CEO, North American Video. NAV recently relocated its Northeast regional office to a larger facility in Pearl River, New York. The new office will house Engineering, Sales and Design staff and has the responsibility for the NAV service portfolio. "We are excited to bring our t...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE SAS has achieved record global revenue of US$2.725 billion in 2011. SAS marked double-digit growth in its 36thprofitable year as organizations sought to uncover business opportunity in their own burgeoning data stores through the use of advanced analytics. Jim Goodnight, CEO, SAS said, "Companies trust SAS Business Analytics to solve their toughest problems, from increasing revenue through better pricing strategies to stopping fraud-related losses. Every major industry has SAS success stories worth noting. We thrive on the challenges customers bring us. It's why we exist. We take our role in their success seriously. 2011 results also affirm the positive effects of steadfast investments in SAS' workforce and award-winning corporate culture despite an economic climate that remains difficult.SAS, a perennial presence on FORTUNE's Best Companies to Work For list in the U.S., announced its latest No. 3 ranking." Goodnight sai...