Article

Business intelligence software immune to recession

Nicole Harding, Associate Site Editor
Systems Channel News Roundup for the week of August 17-August 21, 2009.

Business intelligence software adoption remains strong

A new survey by Forrester Research Inc. finds that enterprises and small and medium-sized businesses see a bright future in business intelligence (BI) software and investments.

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The survey responses came from more than 1,000 North American and European companies, including Subway, Wawanesa Mutual Insurance, LinkedIn, Haskell Co. and Bliss spas, according to SearchDataManagement.com.

Sixty-eight percent of respondents said they have or are in the process of piloting, implementing or expanding BI software developments, and only 1% plan on pulling back on BI software. None of the respondents intend to stop using BI software that they had already implemented.

HP reports declining third-quarter 2009 numbers

For Hewlett-Packard Co.'s third fiscal quarter 2009, the company reported $2.3 billion for GAAP operating profit -- a 14% decline from a year earlier. GAAP earnings per share decreased from $0.80 in the year-ago period to $0.67.

Net revenue came in at $27.5 billion, down 2% from the prior year, but up 4% in constant currency.

HP's cash flow from operations increased to $3.9 billion, up 15% from the prior year and the company had a record services profit of $1.3 billion.

Check out more systems channel news.


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