CSC raises profits
IT services provider Computer Sciences Corp increased its net income by 36 per cent in the second quarter of its 2003 fiscal year, compared with the same quarter last year. However, revenue declined slightly, due in part to weak demand from financial services clients and for short-term projects outside North America. Net income for the quarter to September 27 came in at $US92.9 million. In last year's second fiscal quarter, CSC had net income of $68.2 million. The quarter closed with $2.7 billion in revenue, down 1.2 per cent from a year ago. About 75 per cent of CSC's revenue came from sales to the US Government and from global sales of outsourcing services.
Threats from all sides
The various threats to IT security are starting to "blend", according to the Meta Group, so more comprehensive security strategies will be needed to keep them at bay. The lines between what defines a virus, a worm or a hack are blurring, according to the analyst group, meaning they are becoming harder to identify and target. "Further complicating the picture are security technologies that, despite comprehensive coverage claims, provide only pieces of the solution and must be patched together," the analyst group said.
IBM to buy Tarian
IBM is to acquire Canadian electronic record-keeping technology developer Tarian Software for an undisclosed sum. Tarian Web-based software is designed to be embedded within corporate business software like e-mail document management, workflow and imaging applications. Its technology is already available as an extension to IBM's Content Manager and compatibility between Tarian's e-records and IBM's Lotus and DB2 database software will follow soon, according to IBM spokeswoman Lori Bosio. The deal is expected to close by the end of the year and Tarian products will still be available as standalone software.