Adobe (NASDAQ:ADBE) this week reported an 84% increase in its profit but gave a conservative outlook due to the recent tragedy in Japan, which accounts for 10% to 15% of revenue. Meanwhile, Adobe appears to be changing its strategy around Flash and HTML with the launch of a new Flash-to-HTML converter last month. It also
Earlier this year, the Reserve Bank of India (RBI) released the Malegam Committee report, an important development for the MFI sector in the country. The report has paved way for the creation of a separate category of nonbanking financial corporations (NBFCs) operating in the microfinance (MFI) sector and meeting certain specified requirements; these companies will
A recent Games Purchase Drivers 2010 report published by The NPD Group revealed that an average of 71% of games bought by consumers in the U.S. comprised physical games, and 29% were digital games. In February of this year, total game industry sales rose 3% over the year to $1.36 billion. Sales of video game
The data integration market is attracting big-name players. Last year, Dell acquired Boomi, a SaaS integration leader, and IBM acquired Cast Iron, a cloud computing integration company. Although Oracle hasn’t made any purchases recently, the market remains abuzz with rumors that Informatica may be at the top of its list. As I have mentioned earlier, this would
Asia is expected to be a high-growth market for the travel industry. According to the World Trade Organization, the global tourism industry will add 66 million jobs by 2020, of which 50 million jobs will be in Asia. Rising income levels and an expanding middle class will help to fuel this growth. In China, for
Despite the unemployment rate being at 8.9%, its lowest level since April 2009, the housing market does not seem to be making a quick recovery. According to the National Association of Realtors, the median U.S. home price fell to $158,800, its lowest since 2002, in January. The median price has fallen 13% since June. Foreclosed homes continued
Founded in 1983 as a publishing house, Ancestry.com (NASDAQ:ACOM) has become the world’s largest online community of people interested in their family histories. Over the past three years, the site’s more than 1.4 million registered users have created 22 million family trees with over 2 billion profiles and 52 million photographs, scanned documents, and written stories
It seems that it was only analysts who were worried about cord-cutters disrupting the cable providers’ business. Last quarter’s results from cable services provider Comcast (NASDAQ:CMCSA) show that cord-cutting was a reaction to the recession. The improving economy is assuaging worries about cord-cutting as customers have been sticking with their cable providers and cable companies’ multi-service offerings