The IT industry continues to be one of the strongest performing sectors in the US economy. Financial controllers in the IT industry continue to be big influencers in the direction their companies should take. In 2015, Factset reports that major tech companies like Microsoft and Apple spent $150 billion buying back their own shares, no […]
Businesses exist to make money, which they cannot do without good finance heads. CFOs are in charge of company finances and are responsible for success or failure of the company financially. Indeed, any company running without an effective CFO will find itself in all sorts of troubles financially and legally.
In many companies the CFO is rarely seen. Many people don’t realize that CFOs are responsible for the financial success of great companies. The CFO assists the CEO in making accurate financial forecasts, doing cost-benefit analysis for various plans, and obtaining funding for the company’s activities.
The tech industry as a whole has seen erratic performance in the past one year with dips and highs in the industry as reflected in the Dow Jones chart below.
According to The Association of American Publishers, the US book publishing sector, revenues dropped to $27.78 billion from $27.96 billion in 2015 while units sold rose to 2.45 billion. The biggest growth was observed in Young adults and children ($617 Million), and adult non-fiction ($5.51 billion).