The cloud-based enterprise software company wants to break away from its on-premise history and be known just as a software-as-a-service (SaaS) company within the next few years and if Chung's vision is correct the move to the cloud will bring with it a significant boost in revenue thanks to cloud licence fees.
“We are unable to provide any additional comment on commercial matters.” Fluor’s US head office provided a statement this morning, saying: “Following a recent review, Rio Tinto Iron Ore has decided to reduce Fluor’s scope of work with its main focus remaining on the re-rail scope.
Several brokers have surveyed the implications for Australasian funeral operator, InvoCare, in the wake of its UK peer, Dignity, deciding to protect market share by reducing prices. InvoCare appears to be trading around its fair value, but given the uncertainty from negative returns in the future, this could be the right time to reduce the risk in your portfolio. The Free Cash Flow Yield 5 Year Average of InvoCare Limited (ASX:IVC) is 0.020227.
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