IT: US firm works for atonement
(Shanghai Daily)Updated: 2006-11-15 16:43
IT investment
IT system management software revenue will hit 1.53 billion yuan (US$191 million) this year compared with 1.38 billion yuan in 2005, according to CCW Research, a Beijing-based IT research firm.
"The market growth was fueled by the government's increased investment in IT infrastructure and demand from SME firms," CCW said in a report.
On Thursday, CA's former chief executive officer, Sanjay Kumar, received a 12-year prison sentence and an US$8 million fine because of securities fraud and obstruction of justice for his role in the company's US$2.2 billion in revenue swapping with another firm in 1999 and 2000.
The company plans to increase research and development investment, and "unify and simplify" products for Chinese clients to lift CA's image, according to Wan, who declined to reveal detailed investment figures.
CA has a research center in Beijing with 200 employees.
Meanwhile, CA said it will work to retain big clients, including Air China and China Construction Bank, to enhance its reputation.
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