IT NEWS IN BRIEF
In its annual review of IT efficiency, management consultancy Compass found that productivity rates slowed as corporate data centres diverted their attention to year 2000 and EMU development projects. At the same time, data centre capacity grew 37% in 1996/1997, compared with 22% the previous year. ‘There is no indication that this investment in capacity will realise any business benefit,’ said Ccompass head of consulting Simon Scarrott. ‘For some companies, the development programme is entirely focused on year 2000 or EMU maintenance, rather than bringing innovative solutions to a tired marketplace.’
Transaction Technology expanded its software portfolio last month with a new Fixed Asset Register package for Windows 95, 98 and NT. The package starts at #600 and links to the company’s Iris Accounts Production system. In October, the company will also offer a pension accounts module for Iris.
US developer Lawson Software’s sales grew 41% to $199m for the year to 31 May. Profits for the year were $???, up ??% from 1997. Another US supplier, Platinum Software reported revenues of $98.5m for the year to 31 June, up 62% on 1997. Platinum’s made profits of $13.3m on the year, compared to a loss of $4.4m the previous year.
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