NORKOM ANNUAL RESULTS AHEAD -The financial software company Norkom has announced its full-year results for the year ending March 31. It reports revenue up by 3%% to €49.3m and a gross profit margin that increased from 61% in 2009 to 63% in 2010
Norkom is a leading provider of financial crime and compliance software solutions to the global financial services industry. CEO Paul Kerley said he believes that the company has navigated through the bottom of the crisis in its core market.
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MOBILE APPS CAN BE LUCRATIVE FOR DEVELOPERS - Mobile phone applications are the programmes that allow your phone to do things you may have never imagined. One of the most famous is a programme which means that if you hear a piece of music you like, you can switch it on on your phone and it will tell you the name of the song and the artist.
Nokia is encouraging Irish users to come with applications for their phones and will announce three new applications dreamt up by Irish users later today.
One of the judges who selected the applications is Shane McAllister of application developer Mobanode. He said the judges were looking at three main categories: fashion, sport and general interest. Mr McAllister said some of the successful applications had been very simple, but some had months of work behind them.
He said the developers of apps had to give over only 30% of their revenue to the companies running the stores, so apps were quite lucrative for developers.
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BoI SHARES TAKE-UP STRONG - ANALYST - Bank of Ireland has announced the result of its rights issue, reporting that almost 95% of the shares on offered have been sold.
Existing shareholders were given the option of buying three shares at 55 cent for every two shares they already owned.
Kevin McConnell, head of research at Bloxham Stockbrokers, said the take-up was very strong, especially in light of the difficult market conditions recently.
He said the rump of 168.5 million shares was likely to be placed in the market today, and he expected it to be cleared 'fairly quickly'. Mr McConnell said BoI was now in a much stronger financial position, and there was now at least one big player in the Irish financial system fully capitalised.
