Oracle’s profits up
Oracle reported a 17% rise in revenue to $7.1bn (#4.4bn) for its 1998 financial year, but reducing margins on its core database and applications products saw profits rise just 11.5% to $845m (#521.6m). Over the past year, however, Oracle has put more effort into its business applications, which include Oracle Financials and a host of operational modules. Software and services revenue in this area rose 58% to $1.8bn (#1.1bn), cementing the company’s position as the main rival to SAP, said Oracle.
US company buys into UK
Connecticut-based financial and accountancy software developer FlexiInternational has acquired the Dodge Group, a London software house specialising in back-office applications for banks and other multinational organisations.
FlexiInternational said it intended to integrate Dodge’s Financial Data Warehouse with its Flexi software family to offer a multiplatform range of applications for multinational corporations.
Dataflow has renamed its Merchant accounting application as dataflow~32.
Now available for Windows 95 and NT operating systems, the company said the change was intended to highlight the product’s complete overhaul.
A version built on top of Microsoft’s SQL Server database will be available this month.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union