The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week.More >>
The farm bill the Senate is considering this week would cut some farm subsidies but also expand government-subsidized crop insurance, a safety net used by many farmers in case of bad weather or lost revenue.More >>
Tuesday, May 21 2013 1:47 PM EDT2013-05-21 17:47:11 GMT
- May 31 at 2 p.m., the ASU Honey Beez will debut on nationwide TV!- Free & open to the public! WHEN: Friday, May 31, at 2 p.m.WHERE: ASU's J. Garrick Hardy Student Center, near the Dunn-Oliver AcadomeMore >>
On Friday May 31st the ASU the Honey Beez, the University's plus-sized dance team, will make their national television debut on the Steve Harvey Show. To celebrate ASU will hold a watch party on May 31st at 2pm in the new J. Garrick Hardy Student Center located near the Dunn-Oliver Acadome & Shuttlesworth Dining Hall. More >>
Tuesday, May 21 2013 1:46 PM EDT2013-05-21 17:46:27 GMT
Residents in tornado-stricken Moore, OK, await news on missing love ones Tuesday, a day after a massive tornado devastated the city, killing at least 51. Rescuers worked all night, with particular attentionMore >>
The tornado, with winds up to 200 mph, cut a 20-mile stretch as wide as two miles through the Oklahoma City metro area. The medical examiner's office reported 24 people died, including nine children. More >>
Tuesday, May 21 2013 1:45 PM EDT2013-05-21 17:45:54 GMT
From the Alabama Department of Public Health: The Alabama Department of Public Health (ADPH) and the Houston County Health Department, in consultation with the Centers for Disease Control and Prevention,More >>
Two Alabama residents have died from a respiratory illness that doctors and health officials have been unable to explain. Five more from Alabama have been hospitalized. More >>
Tuesday, May 21 2013 1:45 PM EDT2013-05-21 17:45:45 GMT
You can help those affected by the deadly, severe weather that hit Oklahoma Monday. Over the weekend, Missouri, Iowa, Kasas and Illinois also experienced severe weather.The American Red Cross is acceptingMore >>
Learn how you can help victims of severe weather recover in the Plains States...More >>
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SOURCE Material Minds
TORONTO, March 19, 2013 /PRNewswire/ -- Foosball and free food still exist but long gone are the days of mindless spending and large losses. The post-bubble era is seeing dramatic increases in productivity for software companies. It seems as though the software industry is rapidly maturing.
Average revenue per employee has increased to $287,000 from $195,000 in 2003.
Average net income per employee is now $3,700 (which sounds anemic but represents huge improvement over the average net loss of $61,600 per employee back in 2003.)
62% of the companies are now profitable versus only 46% back in 2003.
The average market cap per employee increased from $600,000 to $1,129,000.
"The decline in venture capital and public market funding forced companies to focus on productivity," says Charles Plant, CEO of Material Minds. "Many firms were also able to turn high growth ideas into profitable business models as they figured out their value propositions."
The industry as a whole has also expanded. Material Minds looked at annual financial results released in the last 12 months for 284 publicly traded software companies in North America, comparing them with a similar study done in 2004 of 342 public North American Software companies.
Total revenue increased by 316% from $113 billion to $470 billion.
The total number of employees increased by 248% from 447 thousand to 1.6 million.
Market value of these firms increased 163% to $1.7 trillion.
And best of all, total net income increased by 477% to $75 billion.
Material Minds (http://materialminds.com) helps new economy companies and teams to improve Return on People. We provide innovative organizational development and leadership development programs that deliver measurable results.