Business Connexion has announced that it is expecting the growth in cloud computing to help drive the company’s recovery from poor performance over the past six months. In a presentation of its interim financial results for 2011, Benjamin Mophatlane, CEO of BCX, acknowledged the companies shortfall, but urged investors to be upbeat about the steps they are taking to rectify the matter.
Group revenue for the first half of 2011 has declined by 10% to R1.8 billion (from R2 billion in 2010), a sharp decrease which Mophatlane attributes to the global economic downturn, slower turnaround times for public sector projects, and a decline in discretionary ICT spending in the private sector.
Source: IT News Africa
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