FINANCIAL PERFORMANCE
i-flex: Crunching costs for growth
AIDED by a sharp drop in selling, general and administrative expenses, i-flex solutions recorded a 32 per cent growth in post-tax earnings (prior to accounting changes) for the quarter ended March 31, 2004 vis-à-vis the third quarter. Over the ... More

i-flex clocks 26 pc rise in Q4 net; to pay Rs 7
I-FLEX Solutions has reported a 26 per cent increase in net profit for the fourth quarter ended March 31, 2004, but increased expenses as well as doubling of provision for taxation has led to a 2.9 per cent drop in net profit for the 2003-04 ... More

SOFTWARE
BEA Systems keen to expand in India
THE San Jose-headquartered BEA Systems, the fifth largest application infrastructure software company in the world, is keen to expand its operations in India. The global IT major already has a subsidiary in India with some 20 staff. Replying to ... More

Subex bags $1.5-m order
BANGALORE: Subex Systems has announced that it has won a $1.5-million order from a Tier-1 carrier with more than 15 million subscribers, in the CALA (Central America-Latin America) region, to deploy its flagship fraud management system, ... More

TCS consortium working on bio-suite
THE bioinformatics division of the Tata Consultancy Services, part of a consortium, is working on a `bio-suite' software that supports cluster computing required for high-end processing work in the areas of life sciences research, drug discovery ... More

Intel, SGI push Linux-based high-performance computing
INTEL Corporation and Silicon Graphics Inc (SGI) are extending their partnership to reach out their high-performance computing (HPC) solutions in the areas such as research in life sciences applications, manufacturing, oil and natural ... More

Sonata opens new ODC centre
BANGALORE: Sonata Software Ltd announced on Wednesday the opening of its third development centre in Bangalore. With a total area of 35,000 square feet and four floors, the centre will house approximately 300 IT professionals. The new ... More

Tata Honeywell bags orders for Experion PKS
TATA Honeywell, a provider of integrated automation and software solutions, has announced that it has won orders from Hindustan Zinc, Gujarat Ambuja, Indal, HEG Ltd, Balco and Tata Steel for automation of their captive power plants. Tata ... More

BROADBAND
Reliance cries foul on broadband report
RELIANCE Infocomm has gone on record alleging that the recent broadband guidelines issued by the Telecom Regulatory Authority of India (TRAI) favour the Tata group. But the regulator dismissed the allegation as "nothing exceptional". A Reliance ... More

OUTLOOK
MeritTrac plans to raise $2-4 m
BANGALORE: MERITTRAC Services, a provider of outsourced HR services for the BPO industry, plans to raise $2-4 million over the next few months to fund its global expansion plans. The company is considering expanding its operations to ... More

NEW PRODUCTS & SERVICES
Datacraft's new solutions
BANGALORE: Datacraft on Wednesday announced the launch of three new security solutions to help organisations combat against the rise in frequency of fast acting viruses/worms. Datacraft's new security offerings are called Worm Killer ... More