TechnologyAccounting SoftwareIT news in brief

IT news in brief

Finance and accounting software company, Coda Scisys, has announced a 9.8% increase in pre-tax profit to £7.5m for year-end 31 December 2002.

The company, which recently acquired SquareSum, has maintained profits growth year-on-year since 1997. Revenues were also up by 2.4% to £66.4m.

‘The results were especially pleasing in a year when the IT industry as a whole has experienced some of the most challenging market conditions ever seen,’ said Cliff Preddy, Coda chairman in a statement.

BT has strongly hinted that it will slash the price of broadband within weeks. This would allow Internet Service Providers to pass the savings on to businesses and help BT reach its target of signing up one million users by the summer. A spokesperson for BT Wholesale told Accountancy Age that a statement was expected to be made this week.

Microsoft has picked up the most points for IT company blunders in this year’s annual rundown of the 101 dumbest moments in business.

Microsoft’s senior vice president for Windows, Brian Valentine, came in fifth, for his gaff at a conference where he declared that all operating systems were equal. ‘We all suck,’ he said. Chief executive Steve Ballmer (48th and 49th) and chairman Bill Gates (50th) garnered spots for explaining .Net again and again and again. The list is compiled by Business 2.0 Magazine.

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