Saturday, May 25 2013 6:56 PM EDT2013-05-25 22:56:57 GMT
It wasn't exactly barbecuing weather today as Memorial Day weekend got off to a rainy and chilly start. And it's no surprise the rain put a damper on holiday activities. Saturday of Memorial Day weekendMore >>
It wasn't exactly barbecuing weather today as Memorial Day weekend got off to a rainy and chilly start. And it's no surprise the rain put a damper on holiday activities.More >>
Friday, May 24 2013 9:54 PM EDT2013-05-25 01:54:42 GMT
An Au Sable Forks, New York theater is one of ten in the North Country doing what it can to stay open. "We'll be dark. There will be no movies shown in these theaters and you'll have toMore >>
After being denied a state grant, a number of North Country theaters could go dark by the end of the year. That's because Hollywood is getting rid of film movies, which is what those theaters rely on. But they're not giving up yet.More >>
Friday, May 24 2013 8:51 PM EDT2013-05-25 00:51:11 GMT
A couple has lost their home to floods twice in just three years. Last night's storm washed out a road in Underhill, and nearly everything in its path. Governor Shumlin was at the site of the hardestMore >>
A couple has lost their home to floods twice in just three years. Last night's storm washed out a road in Underhill, and nearly everything in its path.More >>
Friday, May 24 2013 7:25 PM EDT2013-05-24 23:25:36 GMT
Beansie's Bus is situated right along the start and finish of the race so they're looking to get swamped by hungry customers Sunday but rain too. "Unfortunately the weather might not cooperate," Beansie'sMore >>
VCM organizers making sure they have cold/rainy weather equipment for runners.More >>
Friday, May 24 2013 6:21 PM EDT2013-05-24 22:21:38 GMT
Damaged homes, washed out roads, and now major clean-up.In just a few hours heavy rains flooded much of Northern Vermont. Hardest hit were Essex, Jericho, and Underhill.The torrential rains Thursday nightMore >>
Damaged homes, washed out roads, and now major clean-up.More >>
Friday, May 24 2013 2:15 PM EDT2013-05-24 18:15:28 GMT
The Vermont Agency of Transportation released a list of road closures and times for the Vermont City Marathon. A press release says that if possible, motorists should avoid downtown Burlington on Sunday,More >>
The Vermont Agency of Transportation released a list of road closures and times for the Vermont City Marathon.More >>
Friday, May 24 2013 1:07 PM EDT2013-05-24 17:07:11 GMT
The Thunder Road Memorial Classic has been postponed until Monday. Officials say they are postponing due to the upcoming inclement weather expected this weekend. Here's the updated schedule of events:7:30amMore >>
The Thunder Road Memorial Classic has been postponed until Monday.More >>
Friday, May 24 2013 12:26 PM EDT2013-05-24 16:26:27 GMT
The Essex Memorial Day Parade has been canceled due to inclement weather predictions. According to Essex Memorial Day Parade Committee, the parade has been postponed one week to Saturday June 1 at 10 a.m.More >>
The Essex Memorial Day Parade has been postponed due to inclement weather predictions.More >>
Friday, May 24 2013 11:31 AM EDT2013-05-24 15:31:32 GMT
The Burlington Police Department arrested two people for pick-pocketing two men at a local night club in Burlington, Vt. on Friday, May 17.Police say Stephanie Rivers, 24, and Victoria Hammond, 23, bothMore >>
The Burlington Police Department arrested two people for pick-pocketing two men at a local night club in Burlington, Vt. on Friday, May 17.More >>
Friday, May 24 2013 10:29 AM EDT2013-05-24 14:29:26 GMT
If the prices at the pump are giving you second thoughts about traveling this holiday weekend, these suggestions might help. The New York State Energy Research and Development Authority has some recommendationsMore >>
If the prices at the pump are giving you second thoughts about traveling this holiday weekend, these suggestions might help.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.