Most of the Twenty Five Highest Paying Companies in the U.S. are Consulting and Technology Firms
Submitted by Neelesh Raghuwanshi on Thu, 04/21/2016 - 08:36On Wednesday, Glassdoor, the employment services website reported in a survey that highest paying companies in the United States need not be the biggest and the most glamorous names. The data was gathered based on figures reported anonymously by employees.
The notion that earning a six figure annually is easier at the technology or consulting sector than the others, proved to be true if one goes by the list presented by Glassdoor Inc.
Citrix Systems Report Better Than Expected First Quarter Earnings
Submitted by Apoorva Prasad on Thu, 04/21/2016 - 08:32Citrix Systems reported first quarterly earnings which grew faster than expectations of analysts. Citrix Systems is a member of IBD's Computer Software Specialty Enterprise industry group.
The software company, providing desktop virtualization, networking, server, application, software service, and cloud computing reported its earnings after the markets closed. The Florida based company said its adjusted earnings in the first quarter increased eighty one percent to $1.18 per share compared to expectation of 92 cents.
China’s Slowdown Hurts the Casino Industry; Sands China’s Quarterly Revenue Misses Analysts’ Estimates
Submitted by Jitendra Tiwari on Thu, 04/21/2016 - 08:22China's slowdown is also affecting its casino businesses and Macau-based Sands China Ltd's less than expected first quarterly earnings report is an example of that.
The casino is a unit of Las Vegas Sands Corp. The economic slowdown in the world's second largest economy has also affected visitor spending. Sheldon Adelson, the chairman and chief executive officer of Las Vegas Sands Corp expects future improvement from growing number of mass market gamblers and tourists.
Quarterly Revenue of VMware Inc Surpass Expectations; Company Announced Stock Buy Back Program
Submitted by Amarinder Sekhon on Wed, 04/20/2016 - 08:41Cloud and visualization software provider VMware Inc reported quarterly revenue that surpassed expectations. It was mostly helped by sturdy sales of the company's newer virtualization software. The company said it will buy back $1.2 billion Class A stock in 2016.
VMware, based in Palo Alto, California was struggling on several fronts and its hopes that its new products will work out to balance drop in demands for the traditional server-virtualization software seems to have been answered well.
Apex and PAG Asia Led Consortium Acquiring Lexmark for $3.6 Billion
Submitted by Apoorva Prasad on Wed, 04/20/2016 - 08:38Lexmark International Inc. headquartered in Lexington, Kentucky, agreed to be bought by an Apex Technology Co. and PAG Asia Capital led consortium. The deal for the laser printer maker is valued at $3.6 billion.
It's an all cash deal and will pay $40.50 per Lexmark share. The investment will be financed through equity contributions coming from the consortium of buyers and debt financing. One of the members in the consortium is Legend Capital Management Co.
Intuitive Surgical Inc Reported Profits in the First Quarter Surpassing Expectations
Submitted by Jitendra Tiwari on Wed, 04/20/2016 - 08:34On Tuesday, for the first quarter, Intuitive Surgical Inc reported better than expected profit on increased use of its da Vinci robots in the United States for general surgeries like hernia. The company increased its full-year outlook for growth in procedure.
