CSC reported revenue growth of 5.1% in the first quarter of fiscal year 2005 compared to the same period last year. Revenue totaled $3.7 billion for the quarter. Net income was $110.4 million and earnings per share were $0.58. CSC saw growth in its European outsourcing and U.S. federal government businesses. The company's pipeline of federal opportunities over the next 20 months stands at around $33 billion. CSC announced $4.9 billion in new awards during the quarter from both commercial and government clients.
CSC reported revenue of $3.58 billion for the first quarter of fiscal year 2006, up 8.6% from the previous year. Net income was $131.6 million. The company was pleased with the results and sees opportunities in both the global commercial and U.S. federal markets. Recent contract wins contributed significantly to revenue growth in North America and Europe.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2002, ended December 28, 2001. Revenues increased 8.9% year-over-year to $2.9 billion. Net income was $87.1 million and earnings per share were $0.51. Revenue growth was driven by strong performance in global commercial outsourcing, U.S. federal government contracts, and new opportunities in financial services. CSC also announced $3.2 billion in new business awards for the quarter.
CSC reported strong financial results for the first quarter of fiscal year 2004, with revenue of $3.55 billion, up 29.1% from the prior year. Net income was $92.3 million. The acquisition of DynCorp contributed significantly to growth in the federal sector. CSC also saw increased revenue from commercial clients and in Europe due to favorable currency exchange rates. Management expects continued revenue and earnings growth for the remainder of the fiscal year.
CSC reported strong financial results for the second quarter of fiscal year 2005, with revenue increasing 9.6% year-over-year to $3.93 billion. Both the global commercial and U.S. federal government segments contributed to revenue growth. CSC won $3.9 billion in new contracts during the quarter. The company expects continued demand in the federal government for IT modernization and infrastructure projects.
CSC reported revenue growth of 5.6% over the previous year's quarter to $3.52 billion. Net income was $157.5 million. The company was pleased with major new business announcements of $5.3 billion from continuing operations. Global commercial activities drove revenue growth, benefiting from favorable currency movements and recent IT services engagements. The U.S. federal government business declined due to the completion of some contracts.
Computer Sciences Corporation (CSC) reported its second quarter fiscal 2006 results including: revenue of $3.57 billion, up 5.3% from the previous year; net income of $99.5 million including a $33.1 million non-cash impairment charge; and new contract awards of $2.5 billion. Revenue growth was driven by increased commercial and U.S. federal government business. Significant new contracts were won with Banca Intesa, Centers for Medicare and Medicaid Services, and General Dynamics. CSC's pipeline for U.S. federal opportunities over the next 17 months is approximately $30 billion.
CSC reported strong revenue growth and financial results for the second quarter of fiscal year 2004. Revenue increased 32% to $3.59 billion compared to the same period last year, driven by growth in the federal government sector from the DynCorp acquisition. Net income was $108.1 million. For the third quarter, CSC expects revenue in the range of $3.6 billion and earnings per share between $0.68 to $0.70. CSC also highlighted major new contracts signed during the quarter with customers such as Providian Financial and the U.S. Air Force.
1) CSC reported lower revenue and a net loss for the quarter due to a large restructuring charge, but revenue from U.S. federal government activities grew strongly and operations in Australia and Asia also saw strong growth.
2) While commercial revenue declined in the U.S. and Europe, the company's federal opportunities pipeline remains large at $36 billion over the next 20 months.
3) The restructuring program aimed at streamlining operations is proceeding as planned and is expected to improve future cash flow and earnings.
CSC reported revenue of $3.58 billion for the first quarter of fiscal year 2006, up 8.6% from the previous year. Net income was $131.6 million. The company was pleased with the results and sees opportunities in both the global commercial and U.S. federal markets. Recent contract wins contributed significantly to revenue growth in North America and Europe.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2002, ended December 28, 2001. Revenues increased 8.9% year-over-year to $2.9 billion. Net income was $87.1 million and earnings per share were $0.51. Revenue growth was driven by strong performance in global commercial outsourcing, U.S. federal government contracts, and new opportunities in financial services. CSC also announced $3.2 billion in new business awards for the quarter.
CSC reported strong financial results for the first quarter of fiscal year 2004, with revenue of $3.55 billion, up 29.1% from the prior year. Net income was $92.3 million. The acquisition of DynCorp contributed significantly to growth in the federal sector. CSC also saw increased revenue from commercial clients and in Europe due to favorable currency exchange rates. Management expects continued revenue and earnings growth for the remainder of the fiscal year.
CSC reported strong financial results for the second quarter of fiscal year 2005, with revenue increasing 9.6% year-over-year to $3.93 billion. Both the global commercial and U.S. federal government segments contributed to revenue growth. CSC won $3.9 billion in new contracts during the quarter. The company expects continued demand in the federal government for IT modernization and infrastructure projects.
CSC reported revenue growth of 5.6% over the previous year's quarter to $3.52 billion. Net income was $157.5 million. The company was pleased with major new business announcements of $5.3 billion from continuing operations. Global commercial activities drove revenue growth, benefiting from favorable currency movements and recent IT services engagements. The U.S. federal government business declined due to the completion of some contracts.
Computer Sciences Corporation (CSC) reported its second quarter fiscal 2006 results including: revenue of $3.57 billion, up 5.3% from the previous year; net income of $99.5 million including a $33.1 million non-cash impairment charge; and new contract awards of $2.5 billion. Revenue growth was driven by increased commercial and U.S. federal government business. Significant new contracts were won with Banca Intesa, Centers for Medicare and Medicaid Services, and General Dynamics. CSC's pipeline for U.S. federal opportunities over the next 17 months is approximately $30 billion.
CSC reported strong revenue growth and financial results for the second quarter of fiscal year 2004. Revenue increased 32% to $3.59 billion compared to the same period last year, driven by growth in the federal government sector from the DynCorp acquisition. Net income was $108.1 million. For the third quarter, CSC expects revenue in the range of $3.6 billion and earnings per share between $0.68 to $0.70. CSC also highlighted major new contracts signed during the quarter with customers such as Providian Financial and the U.S. Air Force.
1) CSC reported lower revenue and a net loss for the quarter due to a large restructuring charge, but revenue from U.S. federal government activities grew strongly and operations in Australia and Asia also saw strong growth.
2) While commercial revenue declined in the U.S. and Europe, the company's federal opportunities pipeline remains large at $36 billion over the next 20 months.
3) The restructuring program aimed at streamlining operations is proceeding as planned and is expected to improve future cash flow and earnings.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2003, ended June 28, 2002. Revenues increased 2% to $2.76 billion compared to the same period last year. Net income was $79.0 million and earnings per share were $0.46. Both CSC's global commercial outsourcing and U.S. federal opportunity pipelines remain healthy. U.S. federal government revenues grew 17.6% to $791.7 million, comprising 29% of total revenue. Global commercial revenues declined 3.3% to $1.97 billion, reflecting a slowdown in consulting demand partially offset by outsourcing growth. CSC will continue efforts to control costs
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2002, ended June 29, 2001. Revenue grew 10.2% to $2.7 billion due to strong growth in global outsourcing. Net income was $47.7 million. Commercial revenue grew 17% internationally due to outsourcing contracts in the UK and Scandinavia. Federal government revenue rose 3.9% despite some contract completions, with growth in civil agencies and GSA work. CSC will focus on larger outsourcing engagements and adjusting to reduced consulting demand, while progressing on improving recent outsourcing contracts.
Computer Sciences Corporation (CSC) reported revenue of $2.7 billion for the second quarter of fiscal year 2003, a 1.2% decrease from the previous year. Net income increased to $92.9 million, up 35% over the previous year, driven by improved profitability in government and consulting services. While demand remained weak for commercial consulting projects, CSC's government business grew strongly, with U.S. federal revenue increasing 16.9%. CSC continued tight expense controls to improve operating efficiency in the challenging market environment.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2003. [1] Revenues were $2.8 billion, down 3.5% from the prior year's third quarter. [2] Net income was $105.7 million, up 19.6% over the previous year. [3] CSC's federal government business saw revenue growth which offset declines in commercial sectors such as financial services.
Whitney Holding Corporation reported a net loss of $11.1 million for the first quarter of 2009 compared to a profit of $8.2 million in the previous quarter. The loss was attributed to lower net interest income from margin compression, higher credit costs from rising delinquencies, and increased expenses. Total loans declined by $129 million from the previous quarter due to weak demand. However, the company's capital position remained strong with a tangible common equity ratio of 6.68% at the end of the first quarter.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2001, ended December 29, 2000. Revenues increased 12.9% to $2.7 billion due to growth in the federal government vertical market and commercial outsourcing. Earnings before special items increased 9.6% to $122.9 million. Major new business awards totaled $1.8 billion for the quarter. For the nine-month period, revenues increased 12.2% to $7.6 billion and earnings before special items increased 13.1% to $327.9 million, though results were impacted by currency effects and restructuring costs. CSC also discussed several new contracts and engagements.
StellarOne Corporation reported improved first quarter results for 2009 compared to the fourth quarter of 2008. Net income was $146 thousand for the first quarter, an increase from a net loss of $898 thousand in the previous quarter. However, this was lower than net income of $2.1 million in the first quarter of the prior year. A key factor was a $7.8 million provision for loan losses, primarily due to increased losses in residential real estate development loans. While core earnings were up, asset quality deteriorated and economic conditions remained challenging, necessitating high loan loss provisions.
Computer Sciences Corporation (CSC) reported financial results for the second quarter of fiscal year 2002. Revenues increased 10.7% to $2.8 billion due to growth in global commercial outsourcing and U.S. federal government activities. Net income was $68.2 million. CSC also secured $5.3 billion in new business awards during the quarter. The company is well positioned in the robust U.S. federal market with $23 billion in opportunities over the next 29 months. CSC provides information technology services to commercial and government clients worldwide.
Computer Sciences Corporation (CSC) reported a 21.6% increase in earnings per share for the second quarter of fiscal year 1999 compared to the previous year. Revenue increased 17% to $1.85 billion driven by strong growth in Europe and the federal sector. For the first half of the fiscal year, net income rose 23.6% and revenues increased 17.4% over the previous year. CSC also acquired a majority stake in a French consulting firm, increasing its presence in that country.
CSC reported strong financial results for the third quarter of fiscal year 2004, with revenue up 29.6% to $3.62 billion and net income of $128.4 million. Major new business awards totaled a record $6 billion for the quarter. Demand remained high for U.S. federal IT services, particularly from the Department of Defense and Homeland Security. The global market for commercial outsourcing services also remained firm.
Sovereign Bancorp reported financial results for the first quarter of 2004. Net income was $102 million, up 35% from the prior year, though it included one-time merger charges. Excluding these charges, operating earnings were $122 million, up 28% from the previous year. Cash earnings also increased 24% year-over-year to $137 million. Loan and deposit balances grew due to acquisitions completed in the quarter. The company also announced additional upcoming acquisitions expected to be accretive to earnings.
prezentare rezultate financiare pe 2008 Deutsche Telekomaseceleanu
The document provides an overview of Deutsche Telekom's full year 2008 results and operations. Some key highlights include revenue being flat on an organic basis and adjusted EBITDA increasing 0.8% organically. Free cash flow increased 6.9% and net income more than doubled. The company achieved goals in its strategy of focusing on improving competitiveness in Germany and Central and Eastern Europe, growing abroad with mobile, mobilizing the internet, and building network-centric ICT.
Citigroup reported record earnings for the first quarter of 2000, with core income rising 49% to $3.6 billion compared to the same period last year. Several of Citigroup's business lines saw double-digit earnings growth, including Global Consumer (up 23%), Global Corporate and Investment Bank (up 36%), and Global Investment Management (up 26%). Strong performance across all regions and business segments was driven by favorable global market conditions. Return on equity was 30% and the company repurchased $1.2 billion in stock during the quarter.
JPMorgan Chase reported third quarter 2008 net income of $527 million, down significantly from the previous year due to losses from mortgage and leveraged lending positions. The company acquired Washington Mutual's banking operations during the quarter, adding over 2,200 branches. While losses reduced earnings, JPMorgan Chase maintained a strong capital position and welcomed Washington Mutual employees as part of continuing to serve clients.
- Marshall & Ilsley Corporation reported a net loss of $0.50 per share for Q2 2009, compared to a net loss of $1.52 per share in Q2 2008.
- It aggressively addressed problem loans by writing down credits and strengthening its balance sheet, including a $468M loan loss provision and boosting its allowance to loans ratio to 2.83%.
- Financial results were impacted by a $49.2M FDIC insurance assessment, $82.7M in securities gains, an $18M tax benefit, and $25M in dividends paid to the U.S. Treasury.
Aon reported first quarter 2008 results with total revenue growing 7% to $1.9 billion and EPS from continuing operations increasing 10% to $0.56. Key highlights included adjusted EPS excluding items increasing 25% to $0.71, adjusted pretax margins increasing in both brokerage up 100 bps to 19.5% and consulting up 430 bps to 19.2%, and the company repurchasing $860 million of shares year-to-date. Segment reviews showed brokerage organic revenue up 2% and consulting up 4% while pretax income rose in both segments.
The document provides a summary of Williams Partners L.P.'s first quarter 2009 earnings results. Key points include:
- Net income was $18.7 million compared to $43.6 million in first quarter 2008 due to lower NGL margins.
- Distributable cash flow was $29.4 million, down from $38.8 million in first quarter 2008. The cash distribution coverage ratio was 0.9x.
- Volumes were up at West processing facilities and the Discovery plant is fully repaired with new fee-based volumes coming online in the second quarter.
- Management remains confident in 2009 guidance and the ability to maintain distributions despite challenging commodity prices.
This document provides quarterly financial data for Citigroup, including income statements, balance sheets, ratios, and other metrics. Some key details:
- For Q3 2003, income from continuing operations was $4.691 billion, up 27% from Q3 2002. Net income was $4.691 billion, up 20% from a year ago.
- Capital ratios like Tier 1 and Total Capital were all above requirements at the end of Q3 2003, with Tier 1 at 9.5% and Total Capital at 12.6%.
- Total assets increased to over $1.208 trillion in Q3 2003, up 17% from a year ago. Stockholders' equity rose
Computer Sciences Corporation reported a 22.7% increase in earnings per share for the third quarter of fiscal year 1999 compared to the previous year. Net income increased 25.9% while revenues rose 15.9%. Growth was driven by strong performance in European operations, consulting, financial services, and lower interest costs. For the first nine months of the fiscal year, net income increased 24.5% while revenues were up 16.9% year-over-year.
- Revenue and earnings per share increased in the second quarter of 2007 compared to the same period in 2006. Fleet Management Solutions and Supply Chain Solutions saw revenue growth while Dedicated Contract Carriage's revenue declined slightly.
- For the first half of 2007, revenue and comparable earnings per share increased compared to the first half of 2006. Fleet Management Solutions earnings grew while Supply Chain Solutions earnings declined slightly.
- Capital expenditures decreased in the first half of 2007 compared to the same period in 2006, while proceeds from asset sales increased, leading to a decrease in net capital expenditures. The debt to equity ratio has declined since 2000.
This document provides contact information for Senta Wessels, an architect and technology expert. It lists her name, phone number, and email address. Senta Wessels can be reached at 079 522 0003 or wsenta@gmail.com regarding architectural and technology services.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2003, ended June 28, 2002. Revenues increased 2% to $2.76 billion compared to the same period last year. Net income was $79.0 million and earnings per share were $0.46. Both CSC's global commercial outsourcing and U.S. federal opportunity pipelines remain healthy. U.S. federal government revenues grew 17.6% to $791.7 million, comprising 29% of total revenue. Global commercial revenues declined 3.3% to $1.97 billion, reflecting a slowdown in consulting demand partially offset by outsourcing growth. CSC will continue efforts to control costs
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2002, ended June 29, 2001. Revenue grew 10.2% to $2.7 billion due to strong growth in global outsourcing. Net income was $47.7 million. Commercial revenue grew 17% internationally due to outsourcing contracts in the UK and Scandinavia. Federal government revenue rose 3.9% despite some contract completions, with growth in civil agencies and GSA work. CSC will focus on larger outsourcing engagements and adjusting to reduced consulting demand, while progressing on improving recent outsourcing contracts.
Computer Sciences Corporation (CSC) reported revenue of $2.7 billion for the second quarter of fiscal year 2003, a 1.2% decrease from the previous year. Net income increased to $92.9 million, up 35% over the previous year, driven by improved profitability in government and consulting services. While demand remained weak for commercial consulting projects, CSC's government business grew strongly, with U.S. federal revenue increasing 16.9%. CSC continued tight expense controls to improve operating efficiency in the challenging market environment.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2003. [1] Revenues were $2.8 billion, down 3.5% from the prior year's third quarter. [2] Net income was $105.7 million, up 19.6% over the previous year. [3] CSC's federal government business saw revenue growth which offset declines in commercial sectors such as financial services.
Whitney Holding Corporation reported a net loss of $11.1 million for the first quarter of 2009 compared to a profit of $8.2 million in the previous quarter. The loss was attributed to lower net interest income from margin compression, higher credit costs from rising delinquencies, and increased expenses. Total loans declined by $129 million from the previous quarter due to weak demand. However, the company's capital position remained strong with a tangible common equity ratio of 6.68% at the end of the first quarter.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2001, ended December 29, 2000. Revenues increased 12.9% to $2.7 billion due to growth in the federal government vertical market and commercial outsourcing. Earnings before special items increased 9.6% to $122.9 million. Major new business awards totaled $1.8 billion for the quarter. For the nine-month period, revenues increased 12.2% to $7.6 billion and earnings before special items increased 13.1% to $327.9 million, though results were impacted by currency effects and restructuring costs. CSC also discussed several new contracts and engagements.
StellarOne Corporation reported improved first quarter results for 2009 compared to the fourth quarter of 2008. Net income was $146 thousand for the first quarter, an increase from a net loss of $898 thousand in the previous quarter. However, this was lower than net income of $2.1 million in the first quarter of the prior year. A key factor was a $7.8 million provision for loan losses, primarily due to increased losses in residential real estate development loans. While core earnings were up, asset quality deteriorated and economic conditions remained challenging, necessitating high loan loss provisions.
Computer Sciences Corporation (CSC) reported financial results for the second quarter of fiscal year 2002. Revenues increased 10.7% to $2.8 billion due to growth in global commercial outsourcing and U.S. federal government activities. Net income was $68.2 million. CSC also secured $5.3 billion in new business awards during the quarter. The company is well positioned in the robust U.S. federal market with $23 billion in opportunities over the next 29 months. CSC provides information technology services to commercial and government clients worldwide.
Computer Sciences Corporation (CSC) reported a 21.6% increase in earnings per share for the second quarter of fiscal year 1999 compared to the previous year. Revenue increased 17% to $1.85 billion driven by strong growth in Europe and the federal sector. For the first half of the fiscal year, net income rose 23.6% and revenues increased 17.4% over the previous year. CSC also acquired a majority stake in a French consulting firm, increasing its presence in that country.
CSC reported strong financial results for the third quarter of fiscal year 2004, with revenue up 29.6% to $3.62 billion and net income of $128.4 million. Major new business awards totaled a record $6 billion for the quarter. Demand remained high for U.S. federal IT services, particularly from the Department of Defense and Homeland Security. The global market for commercial outsourcing services also remained firm.
Sovereign Bancorp reported financial results for the first quarter of 2004. Net income was $102 million, up 35% from the prior year, though it included one-time merger charges. Excluding these charges, operating earnings were $122 million, up 28% from the previous year. Cash earnings also increased 24% year-over-year to $137 million. Loan and deposit balances grew due to acquisitions completed in the quarter. The company also announced additional upcoming acquisitions expected to be accretive to earnings.
prezentare rezultate financiare pe 2008 Deutsche Telekomaseceleanu
The document provides an overview of Deutsche Telekom's full year 2008 results and operations. Some key highlights include revenue being flat on an organic basis and adjusted EBITDA increasing 0.8% organically. Free cash flow increased 6.9% and net income more than doubled. The company achieved goals in its strategy of focusing on improving competitiveness in Germany and Central and Eastern Europe, growing abroad with mobile, mobilizing the internet, and building network-centric ICT.
Citigroup reported record earnings for the first quarter of 2000, with core income rising 49% to $3.6 billion compared to the same period last year. Several of Citigroup's business lines saw double-digit earnings growth, including Global Consumer (up 23%), Global Corporate and Investment Bank (up 36%), and Global Investment Management (up 26%). Strong performance across all regions and business segments was driven by favorable global market conditions. Return on equity was 30% and the company repurchased $1.2 billion in stock during the quarter.
JPMorgan Chase reported third quarter 2008 net income of $527 million, down significantly from the previous year due to losses from mortgage and leveraged lending positions. The company acquired Washington Mutual's banking operations during the quarter, adding over 2,200 branches. While losses reduced earnings, JPMorgan Chase maintained a strong capital position and welcomed Washington Mutual employees as part of continuing to serve clients.
- Marshall & Ilsley Corporation reported a net loss of $0.50 per share for Q2 2009, compared to a net loss of $1.52 per share in Q2 2008.
- It aggressively addressed problem loans by writing down credits and strengthening its balance sheet, including a $468M loan loss provision and boosting its allowance to loans ratio to 2.83%.
- Financial results were impacted by a $49.2M FDIC insurance assessment, $82.7M in securities gains, an $18M tax benefit, and $25M in dividends paid to the U.S. Treasury.
Aon reported first quarter 2008 results with total revenue growing 7% to $1.9 billion and EPS from continuing operations increasing 10% to $0.56. Key highlights included adjusted EPS excluding items increasing 25% to $0.71, adjusted pretax margins increasing in both brokerage up 100 bps to 19.5% and consulting up 430 bps to 19.2%, and the company repurchasing $860 million of shares year-to-date. Segment reviews showed brokerage organic revenue up 2% and consulting up 4% while pretax income rose in both segments.
The document provides a summary of Williams Partners L.P.'s first quarter 2009 earnings results. Key points include:
- Net income was $18.7 million compared to $43.6 million in first quarter 2008 due to lower NGL margins.
- Distributable cash flow was $29.4 million, down from $38.8 million in first quarter 2008. The cash distribution coverage ratio was 0.9x.
- Volumes were up at West processing facilities and the Discovery plant is fully repaired with new fee-based volumes coming online in the second quarter.
- Management remains confident in 2009 guidance and the ability to maintain distributions despite challenging commodity prices.
This document provides quarterly financial data for Citigroup, including income statements, balance sheets, ratios, and other metrics. Some key details:
- For Q3 2003, income from continuing operations was $4.691 billion, up 27% from Q3 2002. Net income was $4.691 billion, up 20% from a year ago.
- Capital ratios like Tier 1 and Total Capital were all above requirements at the end of Q3 2003, with Tier 1 at 9.5% and Total Capital at 12.6%.
- Total assets increased to over $1.208 trillion in Q3 2003, up 17% from a year ago. Stockholders' equity rose
Computer Sciences Corporation reported a 22.7% increase in earnings per share for the third quarter of fiscal year 1999 compared to the previous year. Net income increased 25.9% while revenues rose 15.9%. Growth was driven by strong performance in European operations, consulting, financial services, and lower interest costs. For the first nine months of the fiscal year, net income increased 24.5% while revenues were up 16.9% year-over-year.
- Revenue and earnings per share increased in the second quarter of 2007 compared to the same period in 2006. Fleet Management Solutions and Supply Chain Solutions saw revenue growth while Dedicated Contract Carriage's revenue declined slightly.
- For the first half of 2007, revenue and comparable earnings per share increased compared to the first half of 2006. Fleet Management Solutions earnings grew while Supply Chain Solutions earnings declined slightly.
- Capital expenditures decreased in the first half of 2007 compared to the same period in 2006, while proceeds from asset sales increased, leading to a decrease in net capital expenditures. The debt to equity ratio has declined since 2000.
This document provides contact information for Senta Wessels, an architect and technology expert. It lists her name, phone number, and email address. Senta Wessels can be reached at 079 522 0003 or wsenta@gmail.com regarding architectural and technology services.
This document is Amgen's 2002 annual report which summarizes the company's financial and operational performance for the year. Some key points:
- Amgen achieved substantial growth and accomplishments in 2002, including serving more patients, launching new products, advancing its pipeline, adding staff, and investing for the future.
- A highlight was securing FDA approval for its new ENBREL manufacturing facility in Rhode Island, which relieved a supply shortage and allowed more patients to access the drug.
- The acquisition and integration of Immunex Corporation was a major accomplishment, combining scientific programs and organizations to advance key products like ENBREL.
- Financially, Amgen delivered with increased revenues and product sales, though
- Progressive Corporation reported financial results for September and Q3 2007, with net income down 25% and 27% respectively from the previous year.
- Net premiums written decreased 1% for September and 3% for Q3, while net premiums earned decreased 2% for both periods.
- The combined ratio increased 7.9 points for September and 6.4 points for Q3, to 94.8% and 93.7% respectively, due to higher losses and loss adjustment expenses.
- Progressive will hold a conference call on November 2, 2007 to address questions about its financial results.
Este documento describe las diferentes fases de un proyecto de trabajo realizado por un grupo de estudiantes de 4o grado de primaria sobre los inmigrantes en su pueblo. El proyecto se dividió en cinco fases: 1) elección del tema, 2) recopilación de preguntas de los estudiantes, 3) agrupación de preguntas en cuatro categorías principales, 4) división de los estudiantes en cuatro grupos para investigar cada categoría y crear una presentación, y 5) sesión para compartir las presentaciones con preguntas.
This document summarizes the development of energy services in Lebanon, specifically energy auditing. It discusses how LCEC was launched in 2003 to help promote and fund energy audits, and how the energy auditing market has grown stronger since then. By 2009, there were 7 qualified energy auditing firms conducting over 120 studies identifying over $7 million in potential cost savings and 30,000 tons of CO2 reductions. Current efforts discussed include LCEC's prequalification scheme for auditing firms and a draft energy conservation law mandating audits for large facilities.
The document discusses the adoption of an Arab Energy Efficiency Guideline based on an EU directive. It notes that a study will be conducted on establishing training and certification programs for energy managers and service providers in the region. A workshop will also be held to discuss experiences with national certification programs and finalize the terms of reference for the study. The goal is to improve awareness of the guideline and help countries implement measures around energy auditing and performance contracting.
The document provides a marketing plan for Colgate-Palmolive's Precision toothbrush, which was introduced in 1993. It includes a situation analysis of the oral healthcare industry and Colgate's position in it. Marketing strategies are proposed for the Precision toothbrush's product, price, placement, and promotion. Budgets are also included for launching the product or not launching it. The document analyzes the industry, competitors, market, and provides rationale for a niche or mainstream marketing strategy.
The document discusses the Arab Ministerial Council for Electricity's efforts to promote renewable energy and energy efficiency in Arab countries. It outlines the council's strategy for establishing national energy efficiency action plans and targets in each Arab nation by having them name a national entity to oversee the process, prepare 3-year plans involving stakeholders, and adopt necessary bylaws and regulations, with the overall goal of reducing energy consumption across the region. The document also notes that some countries have already confirmed their intention to participate to the Arab League and takes steps to implement this strategy.
The document provides information about the European Energy Manager training program. It discusses the benefits of becoming an energy manager, such as reducing energy costs and carbon footprint. The training program teaches management and engineering skills over 19 days and provides access to an online forum. Participants develop energy saving projects for their companies. Successful projects can save an average of 750 MWh and $40,000 per year while paying back investments in 3-4 years. The certification is valid for 3 years and helps energy managers save energy and money at their workplaces.
This document summarizes the activities and measurements conducted as part of the GLOBE program at Tääksi Basic School between 2001-2009. It includes:
- Atmospheric and hydrological measurements conducted between 2001-2009, including air temperature, pressure, clouds, soil temperature, dissolved oxygen, and pH.
- Phenology observations of green-up and green-down of birch trees.
- Summer camps, workshops, and teacher trainings held in Estonia and abroad to teach students about freshwater ecology, climate studies, and the GLOBE program.
- Student research projects comparing Estonia's climate to other countries and measuring the ice cover on Tääksi Lake.
The document outlines The Centex Way, which embodies the company's core values of building trust, respect, relationships, excellence, value, and excitement. It provides guidance for employees on ethical business conduct and resolving issues, emphasizing seeking advice when in doubt. Special obligations are outlined for company leaders to lead ethically and ensure employees follow the business conduct policies.
Preparing Your Slide: Driven by DesignYi-Hung Peng
The document discusses best practices for preparing effective presentations slides. It provides guidelines on using visual focus to eliminate unnecessary elements, employing visual impact with large fonts and images, and maintaining visual flow between slides. The document also stresses considering the audience's feelings by using concepts, comparisons, descriptions or inspiring messages tailored to their needs. Overall it emphasizes following design principles of focus, impact, and flow while accounting for the audience to create engaging slide presentations.
The Progressive Corporation reported its financial results for the first quarter of 2005. Some key details:
- Net written premiums grew 10% over the prior year to $3.6 billion.
- Net income was $413 million, down from $460 million in the first quarter of 2004 but still higher than full-year 2001 net income.
- The company saw strong growth in key areas like personal lines direct business and commercial auto, while continuing progress on initiatives to improve claims quality and expand customer service offerings.
The document provides an overview of Progressive Corporation's financial highlights and performance for the second quarter of 2007, noting lower growth in written premiums, earned premiums, and net income compared to the previous year. It discusses the company's strategy of adjusting rates to prioritize customer growth over margins and highlights some signs of progress, including increased new business applications and improved customer retention metrics. The letter to shareholders characterizes the quarter's results as disappointing numerically but expresses confidence that actions taken to reduce rates, increase advertising, and improve customer experience will lead to stronger performance over time.
The Progressive Corporation hosted its 2005 Investor Relations Meeting on May 26th. The meeting included presentations and a question and answer session, lasting approximately three hours. Information from the meeting was made available on the company's website. Progressive also reported its April 2005 results, including a 9% increase in net premiums written compared to April 2004. Net income decreased 6% compared to the same period last year. The combined ratio for April 2005 was 85.3, a 1.2 point increase over April 2004.
Aon reported financial results for the 4th quarter and full year of 2008. 4th quarter revenue was $1.9 billion, with organic growth in commissions and fees of 2%. EPS from continuing operations was $0.43. For the quarter, adjusted pretax margin increased 150 basis points to 19.9% in brokerage and 180 basis points to 19% in consulting. Full year 2008 revenue increased 4% to $7.6 billion with organic growth of 2%, and net income increased 71% to $1.5 billion compared to the prior year.
Northern Trust Corporation reported net income of $161.8 million or $.61 per share for Q1 2009, down from $385.2 million or $1.71 per share in Q1 2008. Revenues decreased 8% to $904.2 million due to lower trust, investment and custody fees from declines in market valuations. Expenses decreased 3% to $593.5 million. The provision for credit losses was $55.0 million, and nonperforming loans totaled $167.8 million.
Citigroup reported fourth quarter net income of $6.93 billion and EPS of $1.37. Income from continuing operations was $4.97 billion with EPS of $0.98. Revenues were $20.78 billion. Strong customer volume growth drove double digit revenue increases in several areas. However, a challenging interest rate environment and competitive pricing partially offset this. The company continued expanding its distribution network globally.
JPMorgan Chase Second Quarter 2008 Financial Results Conference Callfinance2
JPMorgan Chase reported net income of $2.0 billion for Q2 2008, down 55% from the prior year. Earnings per share were $0.54. While several businesses saw growth, losses increased significantly in the mortgage and credit card portfolios, and markdowns were taken on leveraged loans and mortgage-related positions. The firm also completed its acquisition of Bear Stearns during the quarter.
The Bank of New York Mellon Fourth Quarter 2008 Financial Resultsearningsreport
The Bank of New York Mellon Corporation reported earnings per share of $0.05 for the fourth quarter of 2008, down from $0.61 in the fourth quarter of 2007. Revenue was impacted by $1.24 billion in securities write-downs due to deteriorating market conditions. Expenses were well-controlled despite a $181 million restructuring charge. The company maintained strong capital ratios with Tier 1 capital at 13.1% as of December 31, 2008.
Citi reported record quarterly revenues of $25.5 billion, up 15%, and net income of $5.01 billion, down 10% from the prior year. Net income was reduced by an $871 million after-tax charge related to a structural expense review. Excluding this charge, net income was $5.88 billion, down 9% due to higher credit costs and a lower tax benefit. Revenues grew across most business segments, led by a 23% increase in Markets & Banking revenues. Credit costs increased $1.26 billion due to higher net losses and increases to loan loss reserves.
- Ameriprise Financial reported financial results for Q1 2008 with net income of $191 million, up 16% from $165 million in Q1 2007. Earnings per share increased 21% to $0.82.
- Revenues increased 3% to $2.1 billion due to 10% growth in management fees, partially offset by lower investment income. Expenses rose 10% due to higher benefits costs from variable annuities.
- The company repurchased $270 million of stock in Q1 2008 and authorized an additional $1.5 billion repurchase program over the next two years. Challenging markets negatively impacted results but the company maintained a strong balance sheet.
This document is a news release from Ameriprise Financial reporting their fourth quarter and full year 2008 financial results. Some key points:
1) Ameriprise reported a net loss of $369 million for Q4 2008 due to losses from investments and charges related to declining markets, compared to net income of $255 million in Q4 2007.
2) Excluding one-time impacts, core operating earnings were $176 million for Q4 2008, down from $262 million in the prior year period.
3) For the full year, Ameriprise reported a net loss of $38 million compared to net income of $814 million in 2007, while core operating earnings declined modestly.
3
Aon reported financial results for the third quarter of 2008. Total revenue grew 6% to $1.8 billion with organic revenue growth of 2%. Earnings per share from continuing operations increased 27% to $0.52. Key highlights included a 33% increase in adjusted EPS to $0.69, a 140 basis point increase in adjusted pretax margin to 15.1%, and 6% organic revenue growth in commissions, fees and other. The company also repurchased $426 million of shares and increased projected annual savings from restructuring programs.
Computer Sciences Corporation (CSC) reported strong financial results for the second quarter of fiscal year 2001, with revenues increasing 12% to $2.5 billion and net income growing 17.1% to $109 million. For the first six months of the fiscal year, revenues were up 11.9% to $5 billion and net income increased 15.4% to $205 million. The company secured $7.7 billion in new contracts for the first half, fueling anticipated growth in the second half of the year.
JPMorgan Chase First Quarter 2008 Financial Results Conference Call finance2
JPMorgan Chase reported net income of $2.4 billion for the first quarter of 2008, down 49% from $4.8 billion in the first quarter of 2007. Earnings per share were $0.68, down from $1.34 the previous year. The Investment Bank saw declines in revenue and increases in credit losses. Retail Financial Services increased revenue but also significantly increased its provision for credit losses due to deterioration in home equity and subprime portfolios. JPMorgan Chase maintained a strong capital position despite challenges in the market and credit environment.
This document summarizes Kodak's preliminary Q4 2008 financial results and actions being taken in response to the global recession. Key points:
- Q4 sales declined 24% to $2.433B due to declines in digital (-23%) and traditional (-27%) businesses.
- Q4 loss from continuing operations was $133M; full year earnings were $54M (results are preliminary pending impairment assessments).
- Kodak is aligning its cost structure to current economic conditions through executive pay cuts, expense reductions, and job cuts.
- TriQuint announces its financial results for the first quarter of 2009, with revenue up 7% year-over-year to $118.9 million despite a 20% sequential decline.
- The company reduced inventory by $19.8 million from the previous quarter and had a book to bill ratio of 1.14.
- For the second quarter of 2009, TriQuint estimates revenue between $140-150 million, with non-GAAP net income expected to range between $0.02-0.04 per share.
- Morgan Stanley Dean Witter reported net income of $1.075 billion for Q1 2001, down 30% from $1.544 billion in Q1 2000. Diluted earnings per share were $0.94, down 30% from $1.34 in Q1 2000.
- Revenues decreased 14% to $6.385 billion due to difficult markets negatively impacting several businesses, though fixed income and equity trading performed well.
- Return on equity was 23% and the company remains focused on reducing expenses while maintaining client services in challenging market conditions.
Q4 2008 Earnings Press Release and Financial Tablesfinance7
Motorola reported financial results for the fourth quarter of 2008 with $7.1 billion in sales and a GAAP net loss of $3.6 billion or $1.57 per share. For the full year 2008, Motorola had $30.1 billion in sales and a net loss of $4.2 billion or $1.84 per share. Motorola generated $201 million in positive operating cash flow for the fourth quarter. Motorola also announced cost-reduction actions of $1.5 billion for 2009 in response to economic challenges.
motorola Q4 2008 Earnings Press Release and Financial Tablesfinance7
Motorola reported financial results for the fourth quarter of 2008 with $7.1 billion in sales and a GAAP net loss of $3.6 billion or $1.57 per share. The company implemented cost reduction actions of approximately $1.5 billion for 2009 in response to economic challenges. Mobile Devices sales were $2.35 billion with an operating loss of $595 million, while Home and Networks Mobility operating earnings increased 34% to $257 million on sales of $2.6 billion. The company expects cost savings of more than $1.2 billion from Mobile Devices restructuring in 2009.
Citi reported a $5.1 billion net loss for Q1 2008, driven by write-downs in fixed income due to sub-prime exposures and losses in highly leveraged finance. Revenues fell 48% to $13.2 billion due to these losses, though transaction services grew 42% and wealth management grew 16%. Credit costs increased $3 billion as consumer delinquencies rose in the weakening US economy. Management is taking actions to strengthen the balance sheet through capital raises and divestitures of non-core assets.
Citigroup reported a 60% decline in third quarter net income to $2.21 billion compared to the prior year. Revenues increased 5% to $22.4 billion driven by 29% growth in international revenues, however this was more than offset by a $2.98 billion increase in credit costs. The revenue growth was primarily due to strong international consumer and wealth management results, while fixed income revenues declined significantly due to losses related to dislocations in the mortgage-backed securities and credit markets. Higher credit costs were the primary driver of the net income decline.
Q2 2008 Earnings Press Release and Financial Tablesfinance7
Motorola reported second-quarter financial results that exceeded expectations, with sales of $8.1 billion and positive operating cash flow of $204 million. The Home and Networks Mobility and Enterprise Mobility Solutions segments saw sales and operating earnings growth compared to the previous year. Mobile Devices shipped 28.1 million handsets and maintained market share, while launching 10 new products globally. The company expects earnings per share of $0.00 to $0.02 for the third quarter and $0.06 to $0.08 for the full year.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2000, ending December 31, 1999. Revenue was up 14.9% to $2.4 billion compared to the previous year. Earnings per share, excluding special items, were 66 cents, a 20% increase over the previous year. CSC received $3.5 billion in new business awards during the quarter and $9.6 billion year-to-date. Research analysts from various firms cover CSC stock, which trades on the New York Stock Exchange.
This document outlines Computer Sciences Corporation's equity grant policy, including the types of equity grants awarded, grant dates, approval process, and reporting requirements. It states that CSC issues equity grants to directors and employees to attract, retain, and motivate them. Equity grants include stock options, restricted stock, and restricted stock units. Grant dates depend on whether the recipient is a director, new hire, promotion, or current employee. Senior executive grants require higher levels of approval than non-senior grants. The company must stay within an approved annual equity grant budget.
The document outlines the bylaws of Computer Sciences Corporation. It details the principal office location, procedures for annual and special stockholder meetings, requirements for submitting items and nominations for consideration at meetings, and election of directors. Key details include timelines for submitting proposals/nominations, information required to be provided, and requirements for stockholders to present submitted items at meetings.
This document restates the articles of incorporation of Computer Sciences Corporation. It outlines the corporation's name, principal office location, nature of business, capital stock structure including 750 million shares of common stock and 1 million shares of preferred stock. It provides the board of directors authority to establish terms for preferred stock series and outlines shareholder rights and restrictions.
This document outlines a supplemental code of ethics specifically for a company's Chairman and Chief Executive Officer, Vice President and Chief Financial Officer, and Vice President and Chief Accounting Officer. The code builds upon the company's existing code of ethics and standards of conduct applicable to all directors, officers, and employees. It requires these executives to act with honesty and integrity, avoid conflicts of interest, ensure full financial disclosure, comply with all applicable laws and regulations, and promptly report any unethical or illegal conduct. Violations will be reported to the board of directors who will determine appropriate accountability actions.
This document outlines the Code of Ethics and Standards of Conduct for Computer Sciences Corporation (CSC). It discusses CSC's commitment to ethics, integrity and social responsibility. It also summarizes the principles of avoiding conflicts of interest, protecting company and customer property, providing accurate records and reports, maintaining a professional work environment, and procedures for reporting violations. Adherence to the Code is required by all CSC directors, employees and representatives.
This document outlines the corporate governance guidelines for Computer Sciences Corporation. It addresses the role of the board of directors in overseeing management and acting in good faith. It also covers the composition of the board, including the size, selection process, and independence of directors. The document provides qualifications for directors, including limits on other board service and procedures for changes in job responsibilities. It describes board committees, conduct of meetings, access to management and advisors, performance evaluations, director compensation, orientation, education, and succession planning.
This document provides an investor highlights report for Computer Sciences Corporation (CSC) for the first quarter of fiscal year 1997. It summarizes that CSC reported a 20% increase in net income and 20.5% increase in revenue compared to the same quarter the previous year. It also announces three acquisitions that further expanded CSC's industry-specific consulting services. CSC operates in strong markets for information technology services and sees continued growth opportunities.
CSC reported $1.36 billion in revenue for the second quarter of FY1997, a 20.1% increase over the previous year. CSC earned $49.3 million excluding a one-time $48.9 million charge related to an acquisition. For the first six months of FY1997, CSC reported $2.66 billion in revenue and $94.6 million in net income excluding the charge. CSC operates in commercial and government IT markets, with growing demand for outsourcing and consulting services.
Computer Sciences Corporation reported a 15.5% increase in earnings per share for the first quarter of fiscal year 1998. Revenue rose 14.2% to $1.488 billion, with growth in commercial, European, and other international sectors. While US federal revenue declined slightly due to contract completions, the company expects this sector to improve over the fiscal year as new contracts are implemented. Overall, CSC's business continues to demonstrate strong growth trends across its consulting, systems integration, and outsourcing services.
Computer Sciences Corporation reported financial results for the second quarter of fiscal year 1998, ended September 26, 1997. Revenue increased 16.5% to $1.58 billion compared to the previous year. Net income grew 18.8% to $58.6 million. The company provides management consulting, systems integration, and outsourcing services worldwide to industry and government clients. New contracts were announced during the quarter, and the company expects continued revenue growth for the remainder of the fiscal year.
The document is a quarterly report from Computer Sciences Corporation (CSC) providing key financial information and highlights for investors. It summarizes that CSC's revenue increased 17.1% in the third quarter of fiscal year 1998 compared to the previous year. Net income also rose 20.5% over the same period. The report further outlines CSC's business segments and global operations, as well as new contracts and growth in key market sectors during the quarter.
Computer Sciences Corporation (CSC) reported higher revenue and earnings for the first quarter of fiscal year 1999 compared to the same period the previous year. Revenue increased 17.8% to $1.75 billion while net income rose 22.2% to $64.3 million. The company also announced $2.8 billion in new contract awards during the quarter and saw growth across all of its major service categories. CSC's chairman attributed the strong results to continued expansion in key markets like financial services and healthcare as well as new strategic partnerships.
Computer Sciences Corporation (CSC) reported a 20% increase in earnings per share and a 21.7% increase in net income for the first quarter of fiscal year 2000 compared to the same quarter the previous year. Revenue increased 17.6% to $2.06 billion driven by increased demand for outsourcing, enterprise solutions, e-business, and systems integration. CSC also announced over $4.7 billion in new business awards during the quarter and expects e-business revenue to triple to nearly $600 million for the full fiscal year.
Computer Sciences Corporation (CSC) reported higher earnings and revenue for the second quarter of fiscal year 2000 compared to the same period last year. Earnings per share rose 22.2% and net income increased 22.7% due to strong global commercial growth and improved operating performance. CSC continues to see significant demand for outsourcing and other services and rapid growth in requests for e-business solutions.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2001, ended June 30, 2000. Revenues increased 11.8% to $2.46 billion due to strong growth in the U.S. federal government, Asia-Pacific, and commercial outsourcing sectors. Net income grew 13.5% to $96 million and earnings per share increased to 56 cents. CSC also secured $3.3 billion in new business awards during the quarter and remains on track to achieve its target of $1 billion in e-business revenue for the fiscal year.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. Quar terly Highlights
First Quarter Fiscal 2005 (Ended Ju ly 2, 2004)
Our market share continues to grow as the environment for information technology services demonstrates
About CSC
improvement. Clients are beginning to increase their demand for the types of innovative business solutions
we deliver. We have kept costs in line while building a foundation to support continued growth. The company
Founded in 1959,
is well positioned to realize the benefits of these efforts and deploy its resources to pursue new business
Computer Sciences
and invest in the future.
Corporation is a leading Van B. Honeycutt
information technology Chairman and Chief Executive Officer
(IT) services company. Computer Sciences Corporation
CSC’s mission is to provide
CSC results for fiscal 2005 first quarter included: Revenue of $3.7 billion, up 5.1% over last year’s first
customers in industry
quarter (approximately 2.5% in constant currency); Net income of $110.4 million; Net earnings per share
and government with
(diluted) of 58 cents; and announced major awards were $4.9 billion.
solutions crafted to meet Due to CSC’s fiscal calendar, this year’s first quarter (a 13-week period) had one less week than last year’s
their specific challenges comparable quarter (a 14-week period). On a normalized basis, this year’s first quarter revenue growth would
and enable them to profit have been an estimated 3.4% higher than the as-reported growth of 5.1%.
from the advanced use CSC’s quarterly revenue growth was led by its European outsourcing and U.S. federal government
of technology. businesses. Growth in Europe was fueled by significant business awards announced over the last year. Favorable
currency movements also contributed to global commercial revenue.
Over the next 20 months, CSC’s federal pipeline of opportunities stands at approximately $33 billion.
With approximately
About $19 billion of the total is scheduled to be awarded during the current fiscal year, and this robust pipeline
90,000 employees, CSC
presents ample opportunity for continued award success.
provides innovative
CSC experienced another strong quarter of announced awards totaling approximately $4.9 billion. This
solutions for customers
amount was fairly evenly split between commercial and federal clients, and brings the total announced awards
around the world by
for the last twelve months to nearly $18 billion.
applying leading tech-
CSC’s European activities continued to benefit from strength in large IT services engagements during the
nologies and CSC’s own quarter, more than offsetting soft demand in discretionary spending for shorter-term consulting and systems
advanced capabilities. integration services, which continues to impact markets outside the United States.
These include systems Revenue derived from CSC’s U.S. federal government activities in the first quarter increased to $1.58 billion,
design and integration; up 5.0% from last year. CSC’s DoD-related revenue rose to $929.7 million, up 3.5% from last year. The
IT and business process quarter’s gain benefited from growth in support of military operations in the Middle East and commencement
of the Army’s Rapid Response Program late in last year’s first quarter. These and other program increases
outsourcing; applications
were somewhat offset by the completion of CSC’s U.S. Army aviation maintenance activities at Fort Rucker
software development;
and, as previously disclosed, the negative $23 million impact of a previously consolidated joint venture’s
Web and application
revenue no longer being reported because CSC is now a minority owner. Revenue derived from CSC’s civil
hosting; and management
agencies activities totaled $597.1 million, up 9.1% from the comparable quarter last year. The civil agencies
consulting.
quarterly growth was principally attributable to increased work from the U.S. Department of State, offset
by several program completions.
Headquartered in Global commercial revenue was $2.16 billion, up 5.2 % (approximately flat in constant currency) from the
El Segundo, California, f i rst qu a rter a year ago. CSC’s Eu ropean activi ties reported revenues of $940.1 mill i on , up 14.8% (approx i m a tely
CSC reported revenue 6% in constant currency), from last year. Significant business from major CSC customers, including Royal
of $14.9 billion for Mail Group, National Grid Transco, SAS and the UK National Health Service, have contributed to the growth
the 12 months ended in global commercial and European revenue. Non-European international revenue was up 4.2% (down
July 2, 2004. approximately 3% in constant currency) from the prior year, to $304.1 million.
1ST QUARTER FISCAL 2005 FI NA N C I A L HI G H L I G H TS
REVENU E S BY BUSINESS SEGMENT (unaudited)
Commercial U.S. Federal First Quarter
58% 42%
7/4/03
$ in millions, except per-share amounts 7/2/04
($ in millions)
U.S. Commercial – $911.6
25% 25%
$ 3,554.8
Revenues $ 3,736.4
Europe – $940.1
Other International – $304.1
16% $ 92.3
Net Income $ 110.4
25% U.S. DoD – $929.7
8% U.S. Civil Agencies – $597.1
1% $ 0.49
Diluted Earnings Per Share $ 0.58
Other U.S. Federal – $53.8
Total – $3,736.4
2. •
CSC’S SERVICES ENCOMPASS INVESTMENT DATA
Federal Aviation Administration (FAA)
SEVERAL BROAD AREAS NYSE: CSC
– CSC received a contract from the FAA
• Outsourcing – Involves operating all Recent Closing Price: 45.0 (8/20/04)
to modernize portions of the National
or a portion of a customer’s technology 52-Week Range: 36.70 – 47.55
Airspace System. The Traffic Flow
infrastructure. CSC also provides Shares Outstanding: 188.7 million
Modernization Contract will increase
business process outsourcing, which is Registered Shareholders: 11,593
the capacity of the nation’s airspace and
the management of a client’s non-core Institutional Ownership: 81%
reduce costs by en a bling airl i n e s , research
business functions. Average Daily Trading Volume:
organizations and the FAA to make
1st Quarter FY 2005 – 1,057,160
collaborative decisions that optimize
• IT & Professional Services – Market Cap: $8.5 billion
the flow of air traffic and minimize the
Designing, developing, implementing adverse effects of inclement weather.
and integrating complete information RESEARCH COVERAGE
•
systems, as well as advising clients on A.G. Edwards (Timothy Willi)
Sears – Sears, Roebuck and Co. selected
the strategic acquisition and utilization Bear, Stearns ( Jim Kissane)
CSC to provide state-of-the-art IT infra-
of IT. Bernstein (Rod Bourgeois)
structure support services including
CS First Boston (Dris Upitis)
desktop, server, voice and data network
RECENT ENGAGEMENTS INCLUDE: Deutsche Bank (Brandt Sakakeeny)
support, as well as services for systems
• Aon – CSC signed a contract to Goldman Sachs (Greg Gould)
supporting Sears-related Web sites and
provide Aon Corporation’s U.S. opera- J.P. Morgan Securities (Tien-Tsin Huang)
decision-support technology. The agree-
tions with IT infrastructure support Jefferies & Co. ( Joe Vafi)
ment will allow Sears to focus on its core
services. Under the agreement, CSC KeyBanc Capital Markets (Michael Keller)
retail and related services systems while
will operate and manage Aon’s Legg Mason (Bill Loomis)
providing improved capabilities coupled
U.S. telecommunications and data Lehman Brothers (Louis Miscioscia)
with the opportunity for significant
networks, desktop support, related Merrill Lynch (Jennifer Dugan)
operational and cost efficiencies.
help desk services and various IT Morgan Stanley (David Togut)
•
support functions. Prudential Securities (Bryan Keane)
U.S. Navy – CSC is one of a number
Robert W. Baird (Timothy Byrne)
of companies selected by the U.S. Navy
• AMP – Australian financial services Schwab SoundView ( Cindy Shaw)
to compete for work under the SeaPort
giant AMP Limited signed a new IT SG Cowen & Co. (Moshe Katri)
Enhanced contract for Engineering,
outsourcing contract extension with Smith Barney Citigroup (Pat Burton)
Technical and Programmatic Support.
CSC. Under the agreement, CSC will Standard & Poor’s ( Richard Stice)
The award represents an extension of
continue to provide desktop, network Thomas Weisel Partners (David Grossman)
activities CSC currently performs under
and mainframe maintenance and UBS Warburg (Adam Frisch)
previously awarded contracts. CSC
support, and selected mid-range services, Value Line (George Niemond)
will compete for task orders to provide
for AMP’s Australian operations. CSC’s a broad range of comprehensive pro-
relationship with AMP began in SHAREHOLDER SERVICES
fessional support services to the Navy’s
November 1993. For more information regarding CSC:
eight Warfare Center divisions.
• Shareholder services and literature
CSC REVENUE GROWTH FIRST THREE MONTHS FISCAL 2005 request line – (800)542-3070
FY 2000-2004* REVENUES BY BUSINESS SERVICE*
• Web site – www.csc.com
$ in billions
$ 16
• Registrar and transfer agent –
18%
Mellon Investor Services
41%
12 P.O. Box 3315
S. Hackensack, New Jersey 07606
38%
(800)676-0654 or (201)329-8660
8 www.MellonInvestor.com
3%
•
OUTSOURCING . . . . . . . . . . . . . . . . . . . . 44% CSC Investor Relations –
Global Commercial 41%
4 Bill Lackey
U.S. Federal Sector 3%
Director, Investor Relations
IT & PROFESSIONAL SERVICES . . . . . . . . 56%
(310)615-1700
Global Commercial 18%
U.S. Federal Sector 38%
FY00 FY01 FY02 FY03 FY04 Lisa Runge
* CSC’s fiscal year ends the Friday closest to March 31. * Based on CSC estimates. Manager, Investor Relations
(310)615-1680
All statements in this document that do not directly and exclusively relate to historical facts
constitute “forward-looking statements” within the meaning of the Private Securities Litigation
Email: InvestorRelations@csc.com
Reform Act of 1995. These statements represent the Company’s intentions, plans, expectations
and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside
• Headquarters
the Company’s control. These factors could cause actual results to differ materially from such
2100 East Grand Avenue
forward-looking statements. For a description of these factors, see the section titled “Forward-
El Segundo, California 90245, USA
Looking Statements” in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter
(310)615-0311
ended July 2, 2004.
Printed in U.S.A. WH# CC-1Q05