| Genpact Limited Reports Third Quarter 2007 Results
Genpact Limited (NYSE:G), which manages business processes for companies around the world, today announced financial results for the third quarter ended September 30, 2007. Key Third Quarter Financial Results -- Third quarter revenues were $214.6 million, up 32% from the third quarter of 2006, and up 7% from the second quarter of 2007, driven primarily by Global Client revenue growth -- Net income for the third quarter was $16.3 million, up 27% from the third quarter of 2006 and up 130% from the second quarter of 2007; net income margin for the third quarter decreased slightly to 7.6% from 7.9% in the third quarter of 2006, primarily due to certain tax charges and increased from 3.5% in the second quarter of 2007 -- Adjusted income from operations for the third quarter increased 42.1% to $36.7 million as compared to the third quarter of 2006 and 21.0% from the second quarter of 2007 -- Adjusted income from operations margin was 17.1% for the third quarter, up from 15.9% in the third quarter of 2006 and up from 15.1% in the second quarter of 2007 Global Client revenues grew 78.6% this quarter compared to the third quarter of 2006.
London afternoon: Footsie fights to stay ahead
LONDON (SHARECAST) - The leading index has seen gains trimmed as the banking sector relinquishes a little of its advantage, while Wall Street�s start looks like being less spectacular than initially expected. Investors continue to shrug off credit crunch fears, which had resurfaced after buy-to-let mortgage specialist Paragon revealed it has run into funding difficulties. The troubled firm saw its shares almost halve after it put in place facilities for an underwritten rights issue to raise �280m because terms offered to renew a debt facility were "not attractive." Dividends have been suspended until the funding issue is settled. Paragon�s problems pale into virtual insignificance compared with the scale of Northern Rock's difficulties, so it was little surprise when Paragon�s announcement sparked more selling of Northern Rock.
HELP USA to Honor Marathon Asset Management CEO Bruce Richards at Annual Tribute Awards Dinner on March 6, 2008
Marathon Asset Management is honored to announce that HELP USA will be honoring Bruce Richards, President and CEO of Marathon, at this year's HELP USA Tribute Awards, which will take place on March 6, 2008 at Cipriani 42 in New York City. HELP USA will also honor Steve Ross, Chairman and CEO of The Related Companies. HELP USA is a national not-for-profit organization with a mission to empower the homeless and others in need to become and remain self-reliant. Through the development of quality housing with on-site support services, HELP USA provides resources for its residents to become independent and productive. HELP USA helps break the cycle of dependency by addressing underlying causes in a way that respects the dignity of those served. Since 1986, when HELP was founded by Andrew Cuomo, prior to becoming Secretary of HUD and NY Attorney General, HELP USA has served more than 150,000 men, women and children, making HELP USA one of the largest providers of housing, job training, mentoring and social services for the homeless and victims of domestic violence in the United States.
Access Plans USA, Inc. Announces Third Quarter 2007 Results; Revenue and Core Earnings Growth Offset By GAAP Net Loss
IRVING, Texas, Nov. 19, 2007 (PRIME NEWSWIRE) -- Access Plans USA, Inc. (NasdaqCM:AUSA - News), a nationwide distributor of health insurance and non-insurance healthcare programs that provide access to affordable healthcare for the growing number of uninsured and/or underinsured in the United States, reported its financial results for the quarter and nine months ended September 30, 2007. Third quarter revenue grew 94% to $10.3 million and nine month revenue increased 68% to $28.7 million, primarily as a result of the acquisition of the Insurance Marketing division operations on January 30, 2007. However, the company is reporting a significant third quarter 2007 loss of $7.8 million or $0.38 per diluted share and a 2007 year-to-date loss of $13.5 million or $0.73 per diluted share, primarily due to the recording of non-cash goodwill valuation charges.
Robert Lapkin specialized in corporate catering
Robert Lapkin of Golden Valley had the soul of a restaurateur, but he never ran a restaurant.Lapkin, who marketed meals for corporate gatherings that are prepared by local restaurants, died of a heart attack at his home Nov. 11. He was 53.Lapkin's Creative Corporate Catering has experienced healthy growth, according to an Oct. 3 Star Tribune business column.Terri Dulmig, a manager of the firm, said that Lapkin left a strong business, and taught his employees well."Everything goes to Bob. Without him, I wouldn't know what I know," Dulmig said. "The man hasn't been anything but generous with his time and talents. He would give you the shirt off his back."In 1981, he moved to Minneapolis to work in marketing for Pillsbury. In the early 1990s, Lapkin went into business for himself, founding Gourmet Express, a catering firm that served residential and business customers.
Kenya: State to Settle Telkom's Sh60b Debt
The country's overburdened taxpayers will dig deeper into their pockets to finance a Sh60 billion Telkom Kenya debt owed to creditors ahead of its privatisation. Ms Esther Koimet, the Investment Secretary at the Ministry of Finance, said the proposed debt write-off was part of the restructuring of the State corporation ahead of its sale to a strategic investor. .
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