The document provides financial information for Jones Lang LaSalle's first quarter 2009 earnings call. It includes reconciliations of GAAP net loss to adjusted figures, summaries of revenue and earnings by segment, details of cost cutting measures, debt covenant metrics, and a list of new client wins in their Global Corporate Solutions division. The financial results showed a net loss of $61.5M for the quarter, though adjustments for items like restructuring charges brought the adjusted net loss to $16.3M. Segments like the Americas saw revenue and earnings growth while others like Europe declined. The company also outlined steps taken to reduce costs like staff cuts, discretionary spending cuts, and reduced capital expenditures.
The Sherwin-Williams Company 2002 Annual Report summarizes the company's financial performance for the year. It discusses the company's four business segments: Paint Stores (63.7% of sales), Consumer (22.7% of sales), Automotive Finishes (8.8% of sales), and International Coatings (4.7% of sales). It also highlights that net sales were $5.18 billion for 2002, income before accounting changes was $310.7 million, and return on sales was 6.0%.
The document is the 2002 annual report for FedEx. It highlights that in fiscal year 2002:
- Revenues increased 5% to a record $20.6 billion.
- Net income increased 22% to a record $710 million.
- Diluted earnings per share increased 18% to a record $2.34.
The report discusses how FedEx executed well despite a sluggish economy by containing costs, matching resources to demand, and capitalizing on opportunities through its diversified business units. It expresses confidence that ongoing efforts to improve productivity and focus on customers will help increase performance as the economy recovers.
The Sherwin-Williams Company had a successful 2004, achieving over $6 billion in sales for the first time. Net income increased 18.4% to $393.3 million and diluted EPS rose over 20% to a record $2.72. All business segments saw sales increases, with the Paint Stores segment up 14.6% to $3.98 billion. The company continued its streak of 26 consecutive years of dividend growth and completed three acquisitions. Looking forward, rising raw material costs will continue to pressure margins but the company will work to offset this through productivity gains and price increases.
This document is Southern Company's 2001 annual report. It discusses the company's strategy of focusing on its core regulated utility business in the Southeast region of the US. In 2001, the company met or exceeded its financial targets, with earnings per share growth of 6.6% and total shareholder return of almost 18%. The competitive generation and new products/services businesses also contributed solid results. Going forward, Southern Company will continue its strategy of low-risk growth through investments in the Southeast region across its business lines.
Emerson reported first quarter 2009 results with sales down 2% to $5.4 billion and earnings per share down 8% to $0.60. Underlying sales were flat overall with strong growth internationally, especially in emerging markets. Operating profit margin declined slightly due to volume deleverage and price/cost pressures. Cash flow was down due to lower earnings and a margin deposit for commodity futures contracts. Business segments saw mixed results with Process Management up but others like Climate Technologies down significantly. Emerson remains well positioned financially and strategically with a global footprint and mix of businesses.
Citigroup reported second quarter 2009 earnings. Revenues increased 71% year-over-year to $30 billion due to a large gain in non-interest revenue. However, credit losses and operating expenses remained high at $12.7 billion and $12 billion respectively. Citicorp revenues were stable at $17.1 billion while Holdings revenues declined. Consumer credit costs showed early signs of moderating but remained substantial. Citigroup continued reorganizing and lowering its risk profile.
- DTE Energy Company and Subsidiary Companies provided a condensed consolidated statement of income and balance sheet for the third quarter of 2000 compared to the third quarter of 1999.
- Key highlights include operating revenues increased 7.4% to $1.547 billion driven by higher fuel and purchased power costs, while operating income decreased 38.8% to $172 million.
- Net income including one-time items decreased 35.2% to $104 million, while earnings per share decreased 38.8% to $0.73 per share compared to the prior year.
- The company held an earnings conference call to discuss its third quarter 2012 results
- Revenue was unchanged from the prior year, while operating revenue increased 2% driven by organic lease revenue growth
- Earnings per share from continuing operations were $1.26 compared to $1.10 in the prior year
- Fleet Management Solutions saw earnings growth of 21% due to lower costs and lease revenue growth
The Sherwin-Williams Company 2002 Annual Report summarizes the company's financial performance for the year. It discusses the company's four business segments: Paint Stores (63.7% of sales), Consumer (22.7% of sales), Automotive Finishes (8.8% of sales), and International Coatings (4.7% of sales). It also highlights that net sales were $5.18 billion for 2002, income before accounting changes was $310.7 million, and return on sales was 6.0%.
The document is the 2002 annual report for FedEx. It highlights that in fiscal year 2002:
- Revenues increased 5% to a record $20.6 billion.
- Net income increased 22% to a record $710 million.
- Diluted earnings per share increased 18% to a record $2.34.
The report discusses how FedEx executed well despite a sluggish economy by containing costs, matching resources to demand, and capitalizing on opportunities through its diversified business units. It expresses confidence that ongoing efforts to improve productivity and focus on customers will help increase performance as the economy recovers.
The Sherwin-Williams Company had a successful 2004, achieving over $6 billion in sales for the first time. Net income increased 18.4% to $393.3 million and diluted EPS rose over 20% to a record $2.72. All business segments saw sales increases, with the Paint Stores segment up 14.6% to $3.98 billion. The company continued its streak of 26 consecutive years of dividend growth and completed three acquisitions. Looking forward, rising raw material costs will continue to pressure margins but the company will work to offset this through productivity gains and price increases.
This document is Southern Company's 2001 annual report. It discusses the company's strategy of focusing on its core regulated utility business in the Southeast region of the US. In 2001, the company met or exceeded its financial targets, with earnings per share growth of 6.6% and total shareholder return of almost 18%. The competitive generation and new products/services businesses also contributed solid results. Going forward, Southern Company will continue its strategy of low-risk growth through investments in the Southeast region across its business lines.
Emerson reported first quarter 2009 results with sales down 2% to $5.4 billion and earnings per share down 8% to $0.60. Underlying sales were flat overall with strong growth internationally, especially in emerging markets. Operating profit margin declined slightly due to volume deleverage and price/cost pressures. Cash flow was down due to lower earnings and a margin deposit for commodity futures contracts. Business segments saw mixed results with Process Management up but others like Climate Technologies down significantly. Emerson remains well positioned financially and strategically with a global footprint and mix of businesses.
Citigroup reported second quarter 2009 earnings. Revenues increased 71% year-over-year to $30 billion due to a large gain in non-interest revenue. However, credit losses and operating expenses remained high at $12.7 billion and $12 billion respectively. Citicorp revenues were stable at $17.1 billion while Holdings revenues declined. Consumer credit costs showed early signs of moderating but remained substantial. Citigroup continued reorganizing and lowering its risk profile.
- DTE Energy Company and Subsidiary Companies provided a condensed consolidated statement of income and balance sheet for the third quarter of 2000 compared to the third quarter of 1999.
- Key highlights include operating revenues increased 7.4% to $1.547 billion driven by higher fuel and purchased power costs, while operating income decreased 38.8% to $172 million.
- Net income including one-time items decreased 35.2% to $104 million, while earnings per share decreased 38.8% to $0.73 per share compared to the prior year.
- The company held an earnings conference call to discuss its third quarter 2012 results
- Revenue was unchanged from the prior year, while operating revenue increased 2% driven by organic lease revenue growth
- Earnings per share from continuing operations were $1.26 compared to $1.10 in the prior year
- Fleet Management Solutions saw earnings growth of 21% due to lower costs and lease revenue growth
Emerson delivered strong financial results in 2008 despite economic challenges. Net sales reached a record $24.8 billion, up 12% over 2007. Earnings per share grew 15% to $3.06. Emerson remains well positioned for long-term success through innovation, focusing on customer needs, and anticipating trends. The company continues to invest in strategic technologies and new products to drive growth.
Constellation Energy Group saw a difficult year in 2001 due to factors like the decline in power prices and collapse of Enron. The company cancelled plans to separate, terminated its relationship with Goldman Sachs, brought on a new CEO, cut costs, streamlined operations, and intensified risk management. While 2001 was tough, the company emerged stronger and is well positioned for growth going forward due to its generation assets, marketing expertise, and strong balance sheet. Financial highlights show earnings per share declined significantly year-over-year due to special costs recognized in the fourth quarter as the company monetized non-core assets and improved its balance sheet.
This annual report summarizes WPS Resources Corporation's financial highlights for 2002. Key highlights include consolidated revenues of $1.6 billion for nonregulated operations and $1.05 billion for utility operations. Income available for common shareholders was $109.4 million, a 41% increase from 2001. Earnings per share increased 25% from 2001. The report also provides an overview of WPS Resources Corporation and its two main subsidiary utilities, Wisconsin Public Service Corporation and Upper Peninsula Power Company.
CVS Corporation reported strong financial results in its 1999 Annual Report. Total sales increased 18.5% to $18.1 billion and same-store sales grew 12.5%. CVS filled a record 281 million prescriptions and opened 433 new stores. CVS achieved a five-year compounded annual earnings growth rate of nearly 28% and operated 4,100 stores, maintaining its position as the largest drugstore chain in America. CVS has already attained a leading position in the fast-growing specialty pharmacy business with its CVS ProCare division.
The Progressive Corporation reported its April 2008 results. Net premiums written decreased 2% to $1.4 billion. Net income decreased 20% to $108.9 million. The combined ratio increased 2.9 points to 91.7%. Policies in force increased for personal auto and special lines but decreased for commercial auto. Progressive provides auto insurance through independent agencies and direct channels.
Reconciliations 2008 Annual Meeting of Stockholdersfinance6
This document contains reconciliations and summaries of Safeway's financial metrics for 2006-2008, including:
1) Adjusted EPS for 2006-2007 which excludes certain tax adjustments and a tax settlement;
2) Reconciliation of net income to adjusted EBITDA and interest coverage ratios for 2007-2003;
3) Basis point changes in operating profit margin guidance excluding fuel impact;
4) Reconciliation of GAAP cash flow to free cash flow forecasts for 2008-2005.
This document provides an annual report for Constellation Energy. It summarizes that in 2004:
- Constellation Energy grew its earnings per share excluding special items by 17.4%, well above its 10% goal and the industry average.
- It achieved a 14.8% total return for shareholders through stock appreciation and dividends.
- It strengthened its balance sheet by reducing debt and expects to continue growing its dividend in line with earnings.
- It integrated recent acquisitions successfully to complement its competitive energy business and became the largest power provider to wholesale and commercial/industrial customers in North America.
Raytheon reported first quarter 2009 earnings on April 23, 2009. Net sales were $5.9 billion, up 10% from the first quarter of 2008. Earnings per share from continuing operations were $1.11, an increase of 21% over the previous year. Raytheon also increased its full-year 2009 guidance for sales, earnings per share, and return on invested capital.
The document provides Sony's consolidated financial results for FY2011 and Q4 FY2011, as well as forecasts for FY2012. Key highlights include:
- Sales and operating income decreased in FY2011 due to unfavorable foreign exchange rates, the impact of natural disasters, and deteriorating market conditions. A large net loss was recorded.
- Sales were forecast to increase 14% in FY2012, with an operating income forecast due to improvements in Consumer Products & Services and Professional, Device & Solutions segments.
- Results by segment showed lower sales and losses in Consumer Products & Services and Professional, Device & Solutions in FY2011, with forecasts of recovery in FY2012.
The Progressive Corporation reported its October 2004 results. Net premiums written increased 9% to $1.279.8 million compared to October 2003. Net income decreased 4% to $140.2 million while the combined ratio increased 2.3 percentage points to 87.0%. Progressive continues to respond to claims from hurricanes in August and September, with losses representing 1.5 percentage points of the loss ratio for the month. On October 22, Progressive repurchased 16.9 million shares for $1.5 billion through a Dutch auction tender offer.
This document provides an overview of AES Corporation's financial results for the second quarter of 2006. Some key highlights include revenues increasing 15% compared to the same period last year, driven by higher electricity prices and new projects. Gross margin improved significantly to 30.3% of sales from 19.9% last year. Income before taxes and minority interest increased 160% and diluted earnings per share from continuing operations grew 138% compared to the prior year. On an adjusted basis, earnings per share rose 142%. Return on invested capital also increased substantially.
ONEOK is an energy company founded in 1906 that markets and trades natural gas and electricity. In 2001:
- Earnings declined due to falling natural gas prices, an economic recession, and ONEOK subsidiary Oklahoma Natural Gas being denied recovery of $34.6 million in gas costs.
- The collapse of Enron, a major energy trader, negatively impacted ONEOK and other companies by failing to pay for commodity transactions. ONEOK estimated its total exposure to Enron's bankruptcy was less than $40 million.
- ONEOK's accounting practices and culture differ significantly from Enron, which aggressively used mark-to-market accounting and off-balance sheet financing vehicles to inflate assets.
The Progressive Corporation reported financial results for February 2005, with net premiums written up 12% and net income down 12% compared to February 2004. Progressive saw growth in both its Personal and Commercial Auto business lines. The combined ratio was 85.2%, an increase of 1.5 percentage points from the prior year. Policies in force increased 12% overall, with growth across all business segments.
The Progressive Corporation reported financial results for March 2005. Net premiums written increased 5% to $1.127 billion compared to March 2004. Net income decreased 11% to $135.2 million compared to the prior year. Earnings per share fell 3% to $0.67. The combined ratio was 84.8, an increase of 2 percentage points from the prior year. Policies in force grew 12% year-over-year for personal lines and 14% for commercial auto.
- BB&T Corporation reported lower operating earnings for the fourth quarter of 2008 compared to the same period in 2007. Operating earnings available to common shareholders decreased 41.4% to $243 million.
- Net interest income increased 14.2% to $1,132 million due to higher interest income, but this was more than offset by a large increase in the provision for credit losses of $344 million.
- Returns and profitability ratios declined from the prior year, with the return on average common equity decreasing to 7.26% and the efficiency ratio worsening to 51.9%.
The document provides financial highlights for Westamerica Bancorporation for the first quarter of 2009 compared to the first quarter of 2008 and the fourth quarter of 2008. Some key figures:
- Net income increased 97.3% from the prior year quarter and 153.8% from the previous quarter.
- Net interest income increased 23.7% from the prior year and 19.1% from the previous quarter.
- Basic and diluted earnings per share increased around 95% from the prior year.
- Returns on assets and equity increased substantially from the prior year and previous quarter.
Exelon Corporation reported first quarter 2009 earnings of $712 million, up from $581 million in first quarter 2008. Adjusted non-GAAP earnings were $797 million or $1.20 per share, up from $620 million or $0.93 per share. Exelon reaffirmed its 2009 earnings guidance of $4.00-$4.30 per share. Key drivers of the increase were higher energy margins at Exelon Generation due to increased nuclear output and favorable market conditions, lower outage costs, and increased revenues at ComEd and PECO from new rates. Exelon also provided updates on its proposed acquisition of NRG Energy and various regulatory and operational activities.
{FR} 5 Comportements et Outils pour mieux gérer son eVie par The MyndsetMinter Dial
Dans un monde ultra-connecté, 24/7, comment mieux gérer son temps et sa vie personnelle et professionnelle. Dans cette présentation, je parle des 5 eComportements et présente 5 outils pour dompter une vie surchargée.
The Coca-Cola Company reported first quarter 2009 results with 2% worldwide unit case volume growth and currency neutral operating income growth exceeding its long-term target. Revenue decreased 3% to $7.1 billion due to negative foreign exchange impact. EPS was $0.58 but was $0.65 excluding items. The company gained volume and value share globally and productivity initiatives are on track to deliver $500 million in annual savings by 2011.
Interactive Brokers Group reported financial results for the first quarter of 2009. Net revenues were $296 million and income before taxes was $167 million, declines from the first quarter of 2008. Earnings per share were $0.30. While trading activity increased with customer account and trade volumes up, lower interest rates and competitive pressures on trading spreads reduced net interest income and trading gains compared to the prior year.
Organismos que protegen los derechos del trabajadorDamaris Ventura
La Organización Internacional del Trabajo (OIT) es un organismo de la ONU que se ocupa de asuntos laborales. Su órgano supremo es la Conferencia Internacional que se reúne anualmente y su órgano administrativo es el Consejo de Administración. La OIT tiene una estructura tripartita integrada por representantes de gobiernos, sindicatos y empleadores.
Emerson delivered strong financial results in 2008 despite economic challenges. Net sales reached a record $24.8 billion, up 12% over 2007. Earnings per share grew 15% to $3.06. Emerson remains well positioned for long-term success through innovation, focusing on customer needs, and anticipating trends. The company continues to invest in strategic technologies and new products to drive growth.
Constellation Energy Group saw a difficult year in 2001 due to factors like the decline in power prices and collapse of Enron. The company cancelled plans to separate, terminated its relationship with Goldman Sachs, brought on a new CEO, cut costs, streamlined operations, and intensified risk management. While 2001 was tough, the company emerged stronger and is well positioned for growth going forward due to its generation assets, marketing expertise, and strong balance sheet. Financial highlights show earnings per share declined significantly year-over-year due to special costs recognized in the fourth quarter as the company monetized non-core assets and improved its balance sheet.
This annual report summarizes WPS Resources Corporation's financial highlights for 2002. Key highlights include consolidated revenues of $1.6 billion for nonregulated operations and $1.05 billion for utility operations. Income available for common shareholders was $109.4 million, a 41% increase from 2001. Earnings per share increased 25% from 2001. The report also provides an overview of WPS Resources Corporation and its two main subsidiary utilities, Wisconsin Public Service Corporation and Upper Peninsula Power Company.
CVS Corporation reported strong financial results in its 1999 Annual Report. Total sales increased 18.5% to $18.1 billion and same-store sales grew 12.5%. CVS filled a record 281 million prescriptions and opened 433 new stores. CVS achieved a five-year compounded annual earnings growth rate of nearly 28% and operated 4,100 stores, maintaining its position as the largest drugstore chain in America. CVS has already attained a leading position in the fast-growing specialty pharmacy business with its CVS ProCare division.
The Progressive Corporation reported its April 2008 results. Net premiums written decreased 2% to $1.4 billion. Net income decreased 20% to $108.9 million. The combined ratio increased 2.9 points to 91.7%. Policies in force increased for personal auto and special lines but decreased for commercial auto. Progressive provides auto insurance through independent agencies and direct channels.
Reconciliations 2008 Annual Meeting of Stockholdersfinance6
This document contains reconciliations and summaries of Safeway's financial metrics for 2006-2008, including:
1) Adjusted EPS for 2006-2007 which excludes certain tax adjustments and a tax settlement;
2) Reconciliation of net income to adjusted EBITDA and interest coverage ratios for 2007-2003;
3) Basis point changes in operating profit margin guidance excluding fuel impact;
4) Reconciliation of GAAP cash flow to free cash flow forecasts for 2008-2005.
This document provides an annual report for Constellation Energy. It summarizes that in 2004:
- Constellation Energy grew its earnings per share excluding special items by 17.4%, well above its 10% goal and the industry average.
- It achieved a 14.8% total return for shareholders through stock appreciation and dividends.
- It strengthened its balance sheet by reducing debt and expects to continue growing its dividend in line with earnings.
- It integrated recent acquisitions successfully to complement its competitive energy business and became the largest power provider to wholesale and commercial/industrial customers in North America.
Raytheon reported first quarter 2009 earnings on April 23, 2009. Net sales were $5.9 billion, up 10% from the first quarter of 2008. Earnings per share from continuing operations were $1.11, an increase of 21% over the previous year. Raytheon also increased its full-year 2009 guidance for sales, earnings per share, and return on invested capital.
The document provides Sony's consolidated financial results for FY2011 and Q4 FY2011, as well as forecasts for FY2012. Key highlights include:
- Sales and operating income decreased in FY2011 due to unfavorable foreign exchange rates, the impact of natural disasters, and deteriorating market conditions. A large net loss was recorded.
- Sales were forecast to increase 14% in FY2012, with an operating income forecast due to improvements in Consumer Products & Services and Professional, Device & Solutions segments.
- Results by segment showed lower sales and losses in Consumer Products & Services and Professional, Device & Solutions in FY2011, with forecasts of recovery in FY2012.
The Progressive Corporation reported its October 2004 results. Net premiums written increased 9% to $1.279.8 million compared to October 2003. Net income decreased 4% to $140.2 million while the combined ratio increased 2.3 percentage points to 87.0%. Progressive continues to respond to claims from hurricanes in August and September, with losses representing 1.5 percentage points of the loss ratio for the month. On October 22, Progressive repurchased 16.9 million shares for $1.5 billion through a Dutch auction tender offer.
This document provides an overview of AES Corporation's financial results for the second quarter of 2006. Some key highlights include revenues increasing 15% compared to the same period last year, driven by higher electricity prices and new projects. Gross margin improved significantly to 30.3% of sales from 19.9% last year. Income before taxes and minority interest increased 160% and diluted earnings per share from continuing operations grew 138% compared to the prior year. On an adjusted basis, earnings per share rose 142%. Return on invested capital also increased substantially.
ONEOK is an energy company founded in 1906 that markets and trades natural gas and electricity. In 2001:
- Earnings declined due to falling natural gas prices, an economic recession, and ONEOK subsidiary Oklahoma Natural Gas being denied recovery of $34.6 million in gas costs.
- The collapse of Enron, a major energy trader, negatively impacted ONEOK and other companies by failing to pay for commodity transactions. ONEOK estimated its total exposure to Enron's bankruptcy was less than $40 million.
- ONEOK's accounting practices and culture differ significantly from Enron, which aggressively used mark-to-market accounting and off-balance sheet financing vehicles to inflate assets.
The Progressive Corporation reported financial results for February 2005, with net premiums written up 12% and net income down 12% compared to February 2004. Progressive saw growth in both its Personal and Commercial Auto business lines. The combined ratio was 85.2%, an increase of 1.5 percentage points from the prior year. Policies in force increased 12% overall, with growth across all business segments.
The Progressive Corporation reported financial results for March 2005. Net premiums written increased 5% to $1.127 billion compared to March 2004. Net income decreased 11% to $135.2 million compared to the prior year. Earnings per share fell 3% to $0.67. The combined ratio was 84.8, an increase of 2 percentage points from the prior year. Policies in force grew 12% year-over-year for personal lines and 14% for commercial auto.
- BB&T Corporation reported lower operating earnings for the fourth quarter of 2008 compared to the same period in 2007. Operating earnings available to common shareholders decreased 41.4% to $243 million.
- Net interest income increased 14.2% to $1,132 million due to higher interest income, but this was more than offset by a large increase in the provision for credit losses of $344 million.
- Returns and profitability ratios declined from the prior year, with the return on average common equity decreasing to 7.26% and the efficiency ratio worsening to 51.9%.
The document provides financial highlights for Westamerica Bancorporation for the first quarter of 2009 compared to the first quarter of 2008 and the fourth quarter of 2008. Some key figures:
- Net income increased 97.3% from the prior year quarter and 153.8% from the previous quarter.
- Net interest income increased 23.7% from the prior year and 19.1% from the previous quarter.
- Basic and diluted earnings per share increased around 95% from the prior year.
- Returns on assets and equity increased substantially from the prior year and previous quarter.
Exelon Corporation reported first quarter 2009 earnings of $712 million, up from $581 million in first quarter 2008. Adjusted non-GAAP earnings were $797 million or $1.20 per share, up from $620 million or $0.93 per share. Exelon reaffirmed its 2009 earnings guidance of $4.00-$4.30 per share. Key drivers of the increase were higher energy margins at Exelon Generation due to increased nuclear output and favorable market conditions, lower outage costs, and increased revenues at ComEd and PECO from new rates. Exelon also provided updates on its proposed acquisition of NRG Energy and various regulatory and operational activities.
{FR} 5 Comportements et Outils pour mieux gérer son eVie par The MyndsetMinter Dial
Dans un monde ultra-connecté, 24/7, comment mieux gérer son temps et sa vie personnelle et professionnelle. Dans cette présentation, je parle des 5 eComportements et présente 5 outils pour dompter une vie surchargée.
The Coca-Cola Company reported first quarter 2009 results with 2% worldwide unit case volume growth and currency neutral operating income growth exceeding its long-term target. Revenue decreased 3% to $7.1 billion due to negative foreign exchange impact. EPS was $0.58 but was $0.65 excluding items. The company gained volume and value share globally and productivity initiatives are on track to deliver $500 million in annual savings by 2011.
Interactive Brokers Group reported financial results for the first quarter of 2009. Net revenues were $296 million and income before taxes was $167 million, declines from the first quarter of 2008. Earnings per share were $0.30. While trading activity increased with customer account and trade volumes up, lower interest rates and competitive pressures on trading spreads reduced net interest income and trading gains compared to the prior year.
Organismos que protegen los derechos del trabajadorDamaris Ventura
La Organización Internacional del Trabajo (OIT) es un organismo de la ONU que se ocupa de asuntos laborales. Su órgano supremo es la Conferencia Internacional que se reúne anualmente y su órgano administrativo es el Consejo de Administración. La OIT tiene una estructura tripartita integrada por representantes de gobiernos, sindicatos y empleadores.
- IBM's 2Q'09 results showed strong performance with improved operating leverage, expanded gross margins, 18% EPS growth, and $4.5B in free cash flow.
- For FY'09, IBM expects EPS of at least $9.70, ahead of its 2010 roadmap target of $10-11 EPS.
- IBM's business segments - Software, Services, and Systems & Technology - saw revenue changes between -10% to +11% in 2008, with goals for long-term pre-tax income growth between 7-15% depending on the segment.
Melbourne IT FY 2011 Investor PresentationMelbourne IT
- The company reported a 5% decline in revenue and 11% decline in EBIT for the full year 2011 compared to 2010, impacted by a strong Australian dollar and $3 million in transformation costs. Excluding transformation costs, EBIT declined 4%.
- Revenue for the second half of 2011 increased 5% compared to the first half, with EBIT increasing 70% and NPAT increasing 76% over the same period.
- The Digital Brand Services division saw revenue growth of 8% for the full year and EBIT growth of 41%, driven by strong performance in the second half from new .brand domain applications and brand protection services.
This document provides an overview of Lear Corporation's first-quarter 2006 financial results and full-year 2006 financial guidance. It discusses improvements in year-over-year financial results and the successful refinancing of $1 billion in debt. Segment results showed earnings growth in Seating and Electronic and Electrical, though Interiors performance was adverse. The outlook expects continued improvement over the course of 2006.
Raytheon reported third quarter 2008 earnings. Sales increased 12% to $5.9 billion and operating income rose 19% to $680 million. Earnings per share increased 17% to $1.01. Strong bookings of $5.8 billion resulted in a backlog of $37.0 billion. Guidance for 2008 was increased for sales, earnings per share, and return on invested capital.
Raytheon Reports 2008 Third Quarter Resultsfinance12
Raytheon reported third quarter 2008 earnings. Sales increased 12% to $5.9 billion and operating income rose 19% to $680 million. Earnings per share increased 17% to $1.01. Strong bookings of $5.8 billion resulted in a backlog of $37.0 billion. Raytheon increased full-year 2008 guidance for sales, earnings per share, and return on invested capital.
Glatfelter (NYSE:GLT) reported its financial results for the first quarter of 2009. Specialty Papers operating income increased 60.5% to $18.4 million compared to the first quarter of 2008, driven by higher selling prices, cost reductions, and productivity improvements partially offset by higher raw material costs. Composite Fibers operating income decreased 10.8% to $5.5 million due to weaker volumes in certain product lines, while food and beverage shipments grew. Capital expenditures were reduced to $5.2 million in the first quarter of 2009 compared to $9.3 million in the same period of 2008.
The Sherwin-Williams Company 2002 Annual Report summarizes the company's financial performance for the year. It discusses the company's four business segments: Paint Stores (63.7% of sales), Consumer (22.7% of sales), Automotive Finishes (8.8% of sales), and International Coatings (4.7% of sales). It also highlights that net sales were $5.18 billion for 2002, income before accounting changes was $310.7 million, and net income was $127.6 million. The report indicates Sherwin-Williams has been a leading force in the coatings industry for 137 years.
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting finance12
Emerson has delivered outstanding financial results in 2008 through its focus on customer needs, innovation, and integrating resources across businesses. Emerson's technology expertise, understanding of industry trends, and passion for progress allow it to provide innovative solutions for customers worldwide. This drives strong financial performance with 7% sales growth and 15% EPS growth in 2008. Emerson remains committed to its promise of solving customers' needs through powerful innovation.
This document provides a summary of Lear Corporation's second quarter 2006 financial results and full-year 2006 financial guidance. Some key points include:
- Second quarter results showed year-over-year improvement and full-year earnings guidance was unchanged.
- Lear signed an agreement to contribute its European Interiors business to a joint venture, which will result in a $40 million loss being recorded in the third quarter.
- Seating segment earnings improved due to strong new business globally and improved Asian profitability. Electronic and Electrical earnings declined due to higher commodity costs and competitive pricing pressure.
- Overall results were positively impacted by new program launches, but negatively impacted by lower North American production volumes and unf
DTE Energy reported financial results for the third quarter of 1999. Operating revenues increased 20.1% to $1.44 billion due to higher net system sales and a performance reserve from Fermi 2. However, operating expenses also increased 24.3% to $1.16 billion primarily because of higher fuel and purchased power costs. As a result, operating income rose modestly to $281 million. Net income increased 21.8% to $161 million compared to $132 million in 1998, contributing to a rise in earnings per share to $1.11 from $0.91 in the previous year. The financial results reflected growth in both the company's regulated and non-regulated operations.
DTE Energy Company reported financial results for the third quarter of 1999. Operating revenues increased 20.1% to $1.44 billion due to higher net system sales and a performance reserve from Fermi 2. Total operating expenses rose 24.3% to $1.16 billion primarily from increased fuel and purchased power costs. As a result, operating income grew 5.4% while net income increased 21.8% and earnings per share rose 21.8% to $1.11.
The document provides an overview of AES Corporation's financial results for the first quarter of 2006. Some key highlights include revenues increasing 13% to $3.013 billion compared to the same period in 2005, driven largely by higher prices and currency effects. Income before taxes and minority interest increased 68% to $633 million. Diluted earnings per share from continuing operations were $0.52 compared to $0.19 in the prior year. Segment results were positively impacted by higher demand and prices across most business lines.
Raytheon Reports 2008 Second Quarter Resultsfinance12
Raytheon reported second quarter 2008 earnings on July 24, 2008. Key highlights included:
- Sales increased 11% to $5.9 billion
- Operating income grew 12% to $662 million
- Earnings per share increased 27% to $1.00
- Bookings totaled $6.0 billion with backlog at $37.5 billion
- Guidance for full year 2008 was increased across key metrics
Raytheon reported second quarter 2008 earnings on July 24, 2008. Key highlights included:
- Sales increased 11% to $5.9 billion
- Operating income grew 12% to $662 million
- Earnings per share increased 27% to $1.00
- Bookings totaled $6.0 billion with backlog at $37.5 billion
- Guidance for full year 2008 was increased across key metrics
Morgan Stanley Global Consumer & Retail Conferencefinance7
This document contains the presentation slides from Morgan Stanley's Global Consumer & Retail Conference on November 14, 2007. The slides discuss Best Buy's history of growth, fiscal year 2007 results, revenue mix and growth, expanding Geek Squad's services, services strategy, adapting to serve customers through research and online capabilities, and how technology has become life's infrastructure. The presentation aims to showcase Best Buy's focus on the customer experience and building trust through services.
This document provides information about Raytheon Company's fourth quarter and full-year 2007 earnings. Key highlights include record bookings of $9.2 billion in Q4 and $25.5 billion for the year. Sales were $6 billion in Q4 and $21.3 billion for the year, both up 8%. Earnings per share from continuing operations was $1.45 in Q4 and $3.80 for the year. The document also provides guidance for 2008, forecasting sales between $22.4-22.9 billion and EPS from continuing operations of $3.65-3.80.
This document provides information on Raytheon Company's fourth quarter and full-year 2007 earnings. Key highlights include record bookings of $9.2 billion in Q4 and $25.5 billion for the year. Sales were $6 billion in Q4 and $21.3 billion for the year, both up 8%. Earnings per share from continuing operations was $1.45 in Q4 and $3.80 for the year. The document also provides guidance for 2008, forecasting sales between $22.4-22.9 billion and EPS from continuing operations of $3.65-3.80.
Regions Financial reported a loss of $9.01 per share for the 4th quarter of 2008 due to a $6 billion goodwill impairment charge. Excluding this charge, earnings were $0.35 per share. Credit quality improved as non-performing assets declined by $3.1 billion from aggressive management. However, net charge-offs increased to 3.19% and the provision for loan losses was $1.15 billion. Regions remains well capitalized and has strong liquidity with customer deposits funding most assets.
Regions Financial reported a loss of $9.01 per share for the 4th quarter of 2008 due to a $6 billion goodwill impairment charge. Excluding this charge, earnings were $0.35 per share. Credit quality improved as non-performing assets declined by $3.1 billion from aggressive management. However, net charge-offs increased to 3.19% and the net interest margin declined. Regions remains well capitalized and has strong liquidity with customer deposits funding most assets.
Daimler reported its Q3 2009 results, with the automotive market continuing to experience a slump. Key points include:
- Group sales were €19.3 billion in Q3, with an EBIT of €0.5 billion excluding special items.
- Mercedes-Benz Cars achieved a positive EBIT of €355 million in Q3 due to the availability of new models and cost measures.
- Daimler Trucks reported an EBIT loss of €127 million in Q3 due to weak demand and charges from repositioning.
- Daimler aims to further improve earnings in Q4 through new models and ongoing efficiency programs.
A. Schulman reported fiscal fourth-quarter and full-year 2009 results, with strong margins and excellent liquidity. For the quarter, gross margins reached 16.3% compared to 12.1% last year. North America approached break-even despite lower volumes. Cash on hand exceeded $228 million with over $300 million available in credit lines. For the full year, net sales were $1.28 billion, down 35.5% from last year. Gross margins increased to 13.3% from 11.8% last year, and income from continuing operations was $11.2 million.
BB&T Corporation presented its fourth quarter 2009 investor presentation. The presentation highlighted BB&T's strategic acquisition of Colonial Bank, which enhanced its franchise in key Southeastern markets. The Colonial transaction was deemed financially attractive and expected to be accretive to earnings, exceeding BB&T's merger criteria. BB&T has a proven track record of successfully integrating acquisitions and anticipated achieving annual cost savings of $170 million from the Colonial deal.
Brown & Brown Inc. reported a 1% increase in net income for the third quarter of 2009 compared to the same period in 2008. Total revenue decreased 1% for the quarter. Net income for the first nine months of 2009 was up slightly compared to the same period last year, while total revenue increased slightly. The company stated that results reflected a challenging operating environment with declines in insurable exposure units and soft market rates.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
This document is Atheros Communications' quarterly report filed with the SEC for the quarter ended September 30, 2009. It includes Atheros' condensed consolidated financial statements, with assets of $676 million and liabilities of $103 million. It also provides management's discussion of the company's financial condition and operating results, and discusses risks including the economic downturn and competition in the wireless LAN market. The report includes certifications of the CEO and CFO regarding financial controls.
- The document is Apple Inc.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 27, 2009.
- It provides Apple's condensed consolidated financial statements and notes to the financial statements for the quarter.
- The financial statements show that Apple's net sales increased 12% to $8.3 billion for the quarter compared to $7.5 billion in the same quarter the previous year, while net income increased 15% to $1.2 billion from $1.1 billion.
Hancock Holding Company announced its financial results for the third quarter of 2009. Net income increased 10.7% from the previous quarter to $15.2 million. Key factors were lower loan loss provisions and an expanded net interest margin. Non-performing assets rose slightly while net charge-offs decreased. Total assets declined 3.4% but the company remained well capitalized, with tangible equity ratio rising to 8.71%.
This document provides an agenda and highlights for Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with investors. It includes introductions, a discussion of 4Q and FY performance and strategies, financial results, and a Q&A session. Key metrics highlighted are 7.6% sales growth and a 1.5% decline in net earnings for 4Q, and 7.3% sales growth and a 7% decline in net earnings for FY2009. The document also outlines Walgreen's strategies around healthcare reform, the flu season, and expanding their business model.
1) Infosys Technologies reported financial results for the quarter ending September 30, 2009, with revenues of $1.154 billion, a 5.1% decline from the previous year. Net income was $317 million, a 0.9% decline.
2) For the quarter ending December 31, 2009, Infosys expects revenues between $1.155-1.165 billion, a 1.4-0.5% decline from the previous year, and earnings per share of $0.50, a 13.8% decline.
3) For the full fiscal year ending March 31, 2010, Infosys expects revenues between $4.60-4.62 billion, a 1
Marriott International reported financial results for the third quarter of 2009. Key highlights include:
- Revenue declined to $2.5 billion compared to $3 billion in Q3 2008 due to weaker demand.
- Net income declined 57% to $53 million compared to the prior year.
- REVPAR declined 23.5% worldwide and 20.6% in North America.
- The company added 79 new properties and expects to open over 33,000 new rooms in 2009.
PepsiCo held its 2009 Q3 earnings call on October 8, 2009. In the call, PepsiCo reaffirmed its guidance for 2009 of mid-to-high single digit constant currency net revenue and core EPS growth. PepsiCo also set a 2010 target of 11-13% core constant currency EPS growth, assuming the closing of acquisitions of PBG and PAS in early 2010. PepsiCo reported 5% constant currency net revenue growth and 8% core constant currency EPS growth in Q3 2009. PepsiCo highlighted investments planned for 2010 in areas such as R&D, emerging markets, brands, IT infrastructure, sustainability, and developing its employees.
- Alcoa held its 3rd quarter 2009 earnings conference call on October 7, 2009
- The call discussed Alcoa's financial results for the 3rd quarter of 2009 as well as the current state and outlook of the aluminum market
- Key highlights included income from continuing operations of $73 million, revenue up 9% sequentially, and initiatives offsetting currency and energy headwinds
The Pepsi Bottling Group reported third quarter 2009 results. Comparable diluted EPS was $1.06 and reported diluted EPS was $1.14. Currency neutral operating income grew 10% compared to the prior year on a comparable basis, while reported operating income declined 4% due to foreign exchange impacts. The company remains on track to achieve full-year 2009 guidance of $2.30-$2.40 diluted EPS at the high end of the range and has raised operating free cash flow guidance to approximately $550 million.
- Jean Coutu Group reported an increase in sales and revenues for the second quarter of 2010 compared to the same period last year. Total sales increased 7.7% to $549 million while revenues from franchising increased 7.3% to $608.7 million.
- Net earnings for the quarter were $14.9 million compared to a net loss of $39.1 million in the previous year. Earnings per share were $0.07 compared to a loss per share of $0.16 last year.
- Rite Aid also reported financial results for the second quarter, with revenues of $6.3 billion and a net loss of $116 million. Rite Aid revised its guidance
Minerva plc presented preliminary results for the year ended 30 June 2009. Key points included successfully restructuring and extending £750 million in loan facilities with no scheduled maturities in the current or next fiscal year. Development projects such as The Walbrook and St. Botolphs were on time and on budget. Tenant interest was improving for office developments in London's financial district despite a difficult real estate market.
This document is Worthington Industries' quarterly report filed with the SEC for the quarter ended August 31, 2009. It includes financial statements and notes for the quarter, as well as a discussion of financial results by management. Some key details include:
- Net sales for the quarter were $417.5 million, down from $913.2 million in the prior year quarter. The company reported a net loss of $4.5 million compared to net income of $79.7 million in the previous year.
- Inventories totaled $232.9 million as of August 31, 2009, down from $270.6 million as of May 31, 2009 as the company worked to reduce inventory levels.
The document provides the agenda and highlights from Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with analysts held on September 29, 2009. It discusses 4th quarter and fiscal year financial results including net sales growth of 7.6% and 7.3% respectively, adjusted earnings per share of $0.44 and $2.02, and prescription sales growth. The document also summarizes Walgreen's strategies around healthcare reform, the H1N1 flu pandemic, expanding health services and 90-day prescriptions to lower costs.
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.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
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Budgeting as a Control Tool in Government Accounting in Nigeria
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An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
2. Reconciliation of GAAP to Adjusted Net Loss
Q1 2009
($ in millions after tax, except per share)
Net Loss = ($61.5)
($1.78)/share
+ Non-cash Co-investment Charges $0.71/share
$24.6
Pre-tax = $28.9
+ Restructuring Charges $0.42/share
$14.5
Pre-tax = $17.0
$0.18/share
+ Intangibles Amort
$6.1
Pre-tax = $7.2
-$65 -$55 -$45 -$35 -$25 -$15 -$5
Adjusted Net Loss = $(16.3)M, $(0.47)/share
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3. Q1 2009 Adjusted EBITDA* Performance
($ in millions)
$11.4
$21.6
$7.3 ($1.0) ($15.9)
2008 2009 2008 2009
Americas EMEA
$10.9
$20.7
$16.1
($5.0) ($0.7)
2008 2009
2009
2008 2009
2008
Consolidated
Asia Pacific LIM
* Refer to page 10 for Reconciliation of GAAP Net Loss to EBITDA and adjusted EBITDA for the quarters ended March 31, 2009 and 2008. Segment EBITDA is calculated by adding the segment’s
Depreciation and amortization to its reported Operating (loss) income, which excludes Restructuring charges. Consolidated adjusted EBITDA also excludes $28.9M of non-cash co-investment
charges in 2009.
3
4. Q1 2009 Revenue Performance
($ in millions; “LC”=Local Currency)
15% 19% in LC
$183.1 1% in LC
$199.6
(34%)
$173.9
$120.8
(12%)
$563.9
$494.2
2008 2009 2008 2009
EMEA
Americas
1% in LC 26% in LC
(11%)
(58%)
$117.4
$104.8
$87.4
2009
2008
$37.0
Consolidated
2008 2009 2008 2009
Asia Pacific LIM
Note: Equity losses of $2.2M in 2008 and $32.0M in 2009 are included in segment results, however, are excluded from Consolidated totals.
4
5. Q1 2009 Capital Markets and Hotels Revenue
($ in millions; “LC”=Local Currency)
53% in LC 15% in LC
(14%)
$7.5
$8.6 $41.4
(34%)
(62%)
$7.3
$4.9
$15.7
2008 2009 2008 2009 2008 2009
Americas EMEA Asia Pacific
42% in LC
$57.5
(51%)
$27.9
2009
2008
Consolidated
5
6. Q1 2009 Leasing Revenue
($ in millions; “LC”=Local Currency)
20% in LC 24% in LC
50%
(35%)
$45.5
$86.2
(33%)
$25.9
$29.6
$57.3
$17.4
2008 2009 2008 2009 2008 2009
Americas EMEA Asia Pacific
4%
11% in LC
$133.2
$128.7
2008 2009
Consolidated
6
7. Q1 2009 LIM Revenue
($ in millions; “LC”=Local Currency)
57% in LC
3% in LC
$72.1 $17.4
(17%)
n.m.
(65%)
$60.1
($2.2) ($29.2)
$6.1
2008 2009 2008 2009 2008 2009
Advisory Fees Transaction & Incentive Fees Equity Losses
27% in LC
$87.4
Notes:
(58%)
• LIM Q1 2009 Impairment charges of $28.6M
included in Equity Losses
• No Impairment charges taken in Q1 2008
$37.0
• n.m. – not meaningful
2008 2009
Consolidated
7
8. Income Statement and Balance Sheet Cost Actions
2008 and Q1 2009
Income Statement Actions
• Base Compensation and Benefits ~ $100M annualized savings
- Staffing reductions of ~ 10% across the Firm (~1,400 people)
- Cumulative severance-related restructuring charges of ~ $40M with a 3 to 6 month payback
- Variable compensation actions add savings in addition to those from base compensation and benefits
• Variable Operating Expenses ~ projected $50M savings in 2009
- Discretionary spend reductions to save net $50M on a local currency basis after absorbing acquisitions
- Savings expected primarily in T&E, Professional Fees, Marketing and Training
- Partially offset by new gross facilities management contracts and occupancy costs
Balance Sheet Actions
• Capital expenditures ~ $60M savings
- Full year planned cash spend reduced to less than $45M for 2009
• Dividend reduction in Q2 2009
- $0.10 per share compared with $0.25 per share in Q4 2008
Note: Reductions in personnel percentages are based upon the population of non-reimbursed employees
8
9. Debt Covenants
($ in millions)
Leverage Ratio Calculation: March 31, 2009 December 31, 2008
Credit Facilities $ 496 $ 484
Deferred Business Acquisition Obligations 377 385
Other - Letters of Credit, etc. 18 30
Total $ 891 $ 899
Reported EBITDA* (trailing twelve months) $ 177 $ 233
Bank Covenant Add-backs:
Pre-December 2008 Amendment 117 128
Post-December 2008 Amendment 86 40
Adjusted EBITDA $ 380 $ 401
Leverage Ratio 2.34x 2.24x
Maximum 3.50x 3.50x
Cash Interest Coverage Ratio:
Calculated 3.33x 3.69x
Minimum 2.00x 2.00x
*Refer to page 10 for Reconciliation of GAAP Net Loss to EBITDA and Adjusted EBITDA for the quarter ended March 31, 2009.
9
10. Reconciliation of GAAP Net (Loss) Income to
EBITDA and Adjusted EBITDA
($ in millions)
Three Months Ended
March 31,
2009 2008
Net (loss) income (61.5) $2.8
Add (deduct):
Interest expense, net of interest income 12.8 1.2
(Benefit) Provision for income taxes (10.8) 1.1
Depreciation and amortization 24.5 16.5
EBITDA (35.0) $21.6
Non-cash co-investment charges 28.9 -
Restructuring 17.0 -
Adjusted EBITDA 10.9 21.6
10
11. Global Corporate Solutions
Representative 2009 wins
Global / Multi-regional
AstraZeneca
Iron Mountain
Philips
Smith Group plc
…and others
Americas
Amgen
Asia Pacific
Grupo Salinas
Ericsson
Microsoft
Nokia
SunTrust
Suncorp
T-Mobile
…and others
…and others
22 new wins in Q1 2009 compared with 14 in Q1 2008
11