Tag Archives: revenue

IBM Helps Organizations Address Growing Mobile Computing Opportunity

New software and services enable businesses to create and enhance mobile strategies

ARMONK, N.Y. – 09 Nov 2012: IBM today unveiled a suite of new software and services that enables global organizations to build a comprehensive mobile computing strategy – from securing and managing devices, to creating mobile applications and analyzing data. These new offerings are part of a move by IBM to capitalize on the growing market opportunity for mobile that is expected to drive $130B in revenue for the IT industry by 2015, according to a recent study.[i]

As organizations increasingly view mobile computing as the next platform to conduct business, the market is evolving beyond just the device. Business leaders including the chief information officers (CIOs) and increasingly chief marketing officers (CMOs) of global organizations such as airlines, retailers, governments and healthcare providers are among the businesses turning to IBM to ensure mobile services and solutions are readily available to constituents and in full compliance with IT strategies. They need solutions that can be applied across any mobile environment and device — whether a laptop, smartphone or tablet — and can provide an underlying IT infrastructure that is always available, secure, effectively manages data, and integrates both front and back-end systems. (more…)

Read More

Employees at ‘Green’ Companies are Significantly more Productive, Study Finds

Bucking the idea that environmentalism hurts economic performance, a new UCLA-led study has found that companies that voluntarily adopt international “green” practices and standards have employees who are 16 percent more productive than the average.

Professor Magali Delmas, an environmental economist at UCLA’s Institute of the Environment and Sustainability and the UCLA Anderson School of Management, and Sanja Pekovic from France’s University Paris–Dauphine are the first to study how a firm’s environmental commitment affects its productivity.

Their findings are published online Sept. 10 in the Journal of Organizational Behavior. (more…)

Read More

Uncollected Internet Sales Taxes Cost Missouri $468 Million Annually, MU Study Shows

MU researchers recommend legislative action to help local economy, state revenue

COLUMBIA, Mo. – Internet, or e-commerce, sales have increased over the past two decades, comprising nearly 17 percent of the total U.S. sales in 2009. However, many states, including Missouri, have no effective means of collecting taxes on those sales. Researchers at the University of Missouri Truman School of Public Affairs found that the state lost approximately $468 million annually in sales tax revenue during the past decade.

Federal law and U.S. Supreme Court rulings only allow states to levy sales taxes on a business with a physical presence in the state. For example, Amazon.com does not charge sales tax in Missouri because it is physically located in California. However, Wal-Mart charges sales tax, since it has stores in Missouri. In the study, researchers analyzed historical data on e-commerce activity and estimated that the state will miss out on $1.4 billion in potential revenue from 2011 to 2014. (more…)

Read More

Firms’ Own Social Networks Better For Business than Facebook

ANN ARBOR, Mich.— Using Facebook and Twitter may be good for a company’s bottom line, but firms can rake in even bigger profits if they have their own virtual brand community, says a University of Michigan marketing professor.

“Americans now spend more of their online time at social network and blog sites than in any other activity—and firms are following the consumer,” said Puneet Manchanda, the Isadore and Leon Winkelman Professor of Marketing at the Michigan Ross School of Business. “Over the next five years, social media marketing is expected to represent nearly 20 percent of marketing budgets. (more…)

Read More

Yahoo! Reports Fourth Quarter 2010 Results

*Fourth Quarter Revenue and Profitability Exceed Expectations; 

Full Year 2010 Operating Income Doubles Year Over Year* 

SUNNYVALE, California, January 25, 2011 – Yahoo! Inc. today reported results for the fourth quarter and full year ended December 31, 2010. 

Revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1,205 million for the fourth quarter of 2010, a 4 percent decrease from the fourth quarter of 2009, primarily due to the revenue share with Microsoft. GAAP revenue was $1,525 million for the fourth quarter of 2010, a 12 percent decrease from the fourth quarter of 2009, primarily due to the required change in revenue presentation and the revenue share with Microsoft associated with the Search Agreement.  For transitioned markets (U.S. and Canada in the fourth quarter), Yahoo! now reports revenue associated with the Search Agreement on a net (after TAC) basis rather than a gross basis.  Excluding the impact of these two items as well as the divestitures of Zimbra and HotJobs and the exit of the paid inclusion business, revenue for the fourth quarter of 2010 increased 3 percent compared to the fourth quarter of 2009.  (more…)

Read More

Cincinnati Zoo Adds 50,000 New Visits, Drives New Revenue With IBM Business Analytics

ARMONK, N.Y. & CINCINNATI, Ohio – 11 Jan 2011: IBM today announced that the Cincinnati Zoo is using IBM business analytics software to drive new revenue, improve member visits and integrate all ticketing, retail, and food sales operations. The zoo projects a $350,000 increase in revenue in the first year, and an additional 50,000 in new visits per year using the IBM analytics solution.

More than 1.2 million people a year visit Cincinnati Zoo’s exhibits, which feature over 500 animal and 3,000 plant species. The Zoo was also rated the No. 1 attraction locally and one of the top zoos in the nation by Zagat Survey. (more…)

Read More

Researchers Skeptical About Bank Taxes, Regulations Still Needed

ANN ARBOR, Mich.— Taxes on executive bonuses, financial transactions and excess profits are a few of the taxes proposed or enacted to punish banks for their role in the recent financial crisis, but most of these ideas have shortcomings, says a University of Michigan economist.

“A number of potentially complicated and ambitious new taxes on the financial sector are currently being discussed,” said Joel Slemrod, professor of economics and the Paul W. McCracken Professor of Business Economics and Public Policy at Michigan’s Ross School of Business. “While the recent financial crisis shows how important it is to consider whether such instruments might help to improve incentives, reform efforts should not unduly focus on the exotic and new at the expense of the familiar and old. (more…)

Read More

UNESCO World Heritage Sites Threatened by Tourism

Machu Picchu Temple of the Sun (also named "the watch tower"). The stones of its dry-stone walls built by the Incas can move slightly and resettle without the walls collapsing. Image credit: Fabricio Guzmán. Source: Wikipedia

The UNESCO World Heritage program aims to protect cultural and natural sites considered important to the common heritage of humanity. However, many of these sites are now threatened by excessive tourism, according to Christina Cameron, professor at the Université de Montréal School of Architecture and holder of the Canada Research Chair on Built Heritage.

A case in point is Machu Picchu in Peru. “This site should receive no more than 2,000 visitors per day, but it currently welcomes twice as many,” says Cameron, who sounded the alarm while speaking as a panelist at a celebration commemorating 25 years of Old Québec being such a site.

“The UNESCO World Heritage convention was established in a spirit of solidarity and international cooperation in order to share best practices for conservation,” says Cameron. “It was the post-war era and people were seeking for a way to bring together members of the international community. Tourism was never an objective of the convention. In fact, these sites were meant to be protected from it.” (more…)

Read More