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Month: May 2020

Is 21Vianet Group (VNET) Outperforming Other Computer and Technology Stocks This Year?

May 30, 2020
Ralph D. King
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Coronavirus edges Greece closer to e-governance

May 28, 2020
Ralph D. King
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Athens (AFP) – The coronavirus crisis has forced Greece to take rapid steps to computerise its lumbering civil service and belatedly introduce e-governance in one of the EU’s worst digital laggards, experts say.

After recording its first coronavirus death on March 12, Athens took unprecedented measures totally at odds with its previous love affair with paperwork and red tape.

Diomidis Spinellis, head of the department of management science and technology at the Athens university of Economics, says that the COVID-19 crisis “accelerated” Greece’s digital turn — though critics say the country has a long way to go.

Between March 23 and May 4, when a nationwide lockdown was imposed, Greeks were required to inform authorities when leaving their homes. A special SMS service was introduced for those unable to print a special form created by the government.

Eventually, some 110 million messages were sent free of charge during this period,

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FOCUS-Tech firms sweeten deals for U.S. banks cutting costs in crisis

May 26, 2020
Ralph D. King
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* Tech services companies offer deferrals, discounts – execs

* Big banks’ budgets squeezed by fallout from COVID-19 pandemic

* Accenture, TCS, Infosys, Cognizant in talks with banks -execs

* Discussions reflect wider trend in tech outsourcing – insiders

By Anirban Sen

BENGALURU, May 18 (Reuters) – Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as the pandemic forces Wall Street to cut tech budgets, according to executives involved in the talks.

Large Wall Street banks are widely expected to reduce overall budgets and discretionary tech spending, which includes areas such as technology consulting services, business analytics, research and design and process management projects.

Accenture, Tata Consultancy Services, Infosys and Cognizant Technology Solutions – among the world’s largest tech services vendors – have offered to do more for them at lower rates, three executives

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Synopsys’ (SNPS) Q2 Earnings and Revenues Surpass Estimates

May 24, 2020
Ralph D. King
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Synopsys Inc.’s SNPS second-quarter fiscal 2020 non-GAAP earnings of $1.22 per share beat the Zacks Consensus Estimate by 23.2%. Moreover, the figure improved 5.2% year over year.

Further, revenues increased 3% year over year to $861.3 million and surpassed the Zacks Consensus Estimate by 2.9%.

Growth in work-from-home and e-learning trends induced by the coronavirus pandemic is driving demand for bandwidth, which drove the company’s fiscal second-quarter performance. Moreover, strong traction for Synopsys’ Fusion Compiler product boosted the top line.

However, supply-chain disruptions stemming from the pandemic are a headwind.

Synopsys, Inc. Price, Consensus and EPS Surprise

 

Synopsys, Inc. Price, Consensus and EPS Surprise

Synopsys, Inc. price-consensus-eps-surprise-chart | Synopsys, Inc. Quote

 

Quarter in Detail

Time-Based Product revenues (68.5% of total revenues) of $590.1 million were up 5.7% year over year. Moreover, Maintenance and Service revenues (15.2%) improved 5.2% to $141.5 million. However, Upfront Product revenues (15.1%) declined 9.5% to

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