GMT Posts 35% Revenue Growth in 2007, Far Outpacing Industry Growth Projections for Second Consecutive Year
GMT Corp., an industry leader in enterprise workforce management and currency supply chain solutions, today announced the company's 2007 fiscal year results. Marking the company's strongest financial performance to date, the record-breaking year saw a string of successes capped off by a 35% leap in revenue growth over 2006, exceeding industry growth forecasts. For the second year in a row, GMT's revenue growth greatly outpaced analyst growth projections, including Datamonitor's March 2007 "Contact Center Optimization" report which projected approximately 9% overall market growth in 2007. .
Stocks end volatile week with big rally
Wall Street capped a week of remarkable volatility with a big advance Thursday that left stocks higher for the week but didn't silence all of investors' concerns about the economy and the financial system. Bargain-hunting and a milder-than-expected drop in a regional manufacturing report helped leaven stocks Thursday. The Dow Jones industrial average rose about 260 points on the day, giving the blue chips a gain of more than 3 percent for the week. Broader indexes finished the week with gains of 2 percent to 3 percent. The markets are closed for Good Friday. A week that opened with fearful questions over the soundness of the financial system following the near collapse of Bear Stearns Cos. ended on a more upbeat note, thanks in part to the Federal Reserve's efforts to inject both liquidity and calm into the markets.
Deloitte Consulting's Doug Lattner: Making Unconventional Decisions Pay Off
Doug Lattner says his first rule of business leadership is "know yourself." The CEO of fast-growing Deloitte Consulting applied that lesson to his own firm when he assumed the reins of the New York-based unit in 2003. At the time, Deloitte Consulting, which offered expertise in such areas as strategy, technology and human resources, was serving more than 42 types of client groups. Lattner and his team grew the overall business even as they slashed that number by more than half, serving just 19 segments. "I said, 'We're not going to be all things to all people,'" Lattner stated during a recent Wharton Leadership Lecture. "We're not going to out-Accenture Accenture, we're not going to out-IBM IBM, and we're not going to out-McKinsey McKinsey. We're going to be very good at what we do." Narrowing its focus wasn't the only unconventional decision made during the five years that Lattner has been at the helm.
Johnson Ready for a Change for Food City 500
Fair or not, Jimmie Johnson knew the question was coming. Through the first four Sprint Cup races this season, the two-time defending Cup series champion has posted just one top-five finish. Fans and media are eager to know if there is a problem with Johnson’s Hendrick Motorsports team. "We wish we were winning," Johnson said. "We’re not excited to be driving our hearts out to finish 13th at Atlanta, and then the week before at Vegas was a disaster. "We’re not happy to be in that position, but it’s racing. Everybody goes through lulls." Since Friday’s qualifying session was rained out at Bristol Motor Speedway, the starting lineup for today’s Food City 500 was established by 2007 points. That gave Johnson the pole position.
Indian IT firms brace for US slowdown
As fiscal 2007-08 comes to a close, there is a feeling of uncertainty in the IT sector. The reason: a slowdown in the world's largest economy, the US-the Indian IT industry's biggest revenue generator. Tier I offshore firms-Tata Consultancy Services (TCS), Infosys Technologies, Wipro Ltd and Satyam Computers-are all keeping a close watch on where the US economy is heading, with a strange mix of cautious optimism and bullishness. Recently, the country's largest software exporter TCS came out in the open and said two of its top 10 clients might show subdued demand in the fourth quarter of the current financial year. Similarly, IT bellwether Infosys has projected a muted quarter. On the other hand, Wipro and Satyam have been bullish and have expressed comfort with the near-term demand. "The near-term impact of the slowdown in the US market is going to be for both big and small players.
Nigeria: The 'Lazarus" Conference By the Leadership Newspaper (i)
General Theophilus Danjuma (Rtd) characterised the conference organised by the "LEADERSHIP NEWSPAPERS' as a "Lazarus" affair because its participants had been invited "to perform a miracle, the miracle of raising the dead-- the dead industries in the North". He chaired the conference; delivered a pace-setting paper; steered the draft of its communique through a raucous amendment ritual, and gave the closing speech at its end. A striking theme of his closing remarks was the combative notion that the development of Northern Nigeria ,in general, and its re-industrialisation, in particular, must be fuelled, immediately by a resolve to "name and shame" leaders whose activities and policies bring retardation and harm to the North. This theme of directing critical reviews at the North's leadership in a search for development in general, and re-industrilization of the region, in particular, is interrogated here.
Tuesday
KUALA LUMPUR, Feb 26 (Bernama) -- It's now confirmed. Telekom Malaysia�s chief executive officer Datuk Seri Abdul Wahid Omar will be the new president and CEO of the Maybank group effective July 1, replacing Datuk Amirsham A. Aziz, who retires after 31 years with the country's biggest bank. After months of speculation, Amirsham, 57, announced today he will retire on June 30 while Abdul Wahid will join the group on June 2 to enable a smooth transition and handing over of responsibilities. Announcing the appointment, Maybank chairman Tan Sri Mohamed Basir Ahmad said the 44-year-old Abdul Wahid was the right candidate to take the banking group to its next level of development. "We are fully confident that in Abdul Wahid, we have identified the right individual who has the capabilities and vision to spearhead our regional expansion plans, someone with the foresight and corporate experience," Mohamed Basir said at a press conference, also attended by Amirsham, here today.
Emerging markets fuel brisk demand
Higher living standards and more flexible exchange rates have made people more comfortable about borrowing, even if the benefits of a more developed financial system have yet to reach the most deprived in many of these countries. But overall wealth has increased, with International Monetary Fund data showing that growth per capita in India and China more than doubled in this decade, compared with a 30 percent rise in the United States. .
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