Australian IT services outfit Oakton today revealed the extent of the damage it has so far suffered from the global financial crisis, with both revenues and profits sinking over the past year and further staff cuts made.
Following a disappointing half-year result, ASX-listed IT consultancy Oakton has put its enterprise resource planning (ERP) business under a microscope.
Australian IT services provider Oakton has promoted one of its senior staffers to the post of executive general manager of operations, a role which appears to mirror that of departed COO Steve Parker.
Victoria's integrated court management system project has run 14 months over time and at least $12 million over budget, partly due to poor supplier performance, the Victorian Auditor General has found.
Hewlett-Packard and EDS expected to cut about 7.5 per cent, [approximately 450 workers], out of their combined Australian workforce over the next three years, a spokesperson for EDS' local division said today.
The leaders of Australia's ICT industry are currently in a state of panic over the debatable prospect of an economic downturn in the sector and are going too far with cutting jobs.
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