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ICS fiscal systems announced it has earned Oracle Exadata Optimized repute via Oracle PartnerNetwork (OPN), demonstrating that ICS BANKS 6.0 has been demonstrated and tuned on Oracle Exadata Database laptop to carry pace, scalability and reliability to clients.

ICSFS is a world utility and services issuer of a frequent modular, core banking systems, whose success will also be attributed to its turnkey choices; ICS BANKS, which serves and helps valued clientele throughout the globe.

ICSFS gives fully built-in banking and financial functions and capabilities on premises, or in the cloud. ICSFS is a Gold stage member of Oracle PartnerNetwork.

ICS BANKS utility suite gives utterly-fledged banking enterprise modules with prosperous sweep of functionalities and features, addressing business needs and automating accounting methods, as vital, to improve a financial institution’s enterprise performance.

ICS BANKS has always been a pioneer in utilising the newest know-how to serve monetary institutions to obtain the highest stage of efficiency.

Banks working ICS BANKS from ICSFS with Oracle Exadata Database desktop will savor a packaged, one comprehensive answer with most effective-of-breed technologies, offering their customers with banking solutions that handle today’s business challenges and calls for within the most cost-efficient manner, while offering the agility to reply to the enterprise and know-how alternatives of tomorrow.

ICSFS provides an entire built-in end-to-end answer it truly is handy to installation, with ongoing renovation and address scalability devoid of complexity.

ICSFS’s shoppers operating with Oracle Exadata Database laptop will appreciate faster time to innovation, faster data compression ends up in accelerated Return on funding (ROI) and reduce complete cost of possession (TCO).

ICS BANKS generated 27x quicker Digital Banking transactions throughput, 4.5x faster pastime Capitalization Batch processing over outdated benchmarks permitting purchasers to exceed SLAs and enhance carrier start, and supporting 4.5x better client money owed while nevertheless protecting unmatched throughput, better concurrent clients and decrease TCO.

Oracle Exadata Optimized is part of the Oracle Exastack Optimized software which enables companions, akin to ICS monetary programs Ltd., to leverage OPN enablement materials and dedicated lab environments to help enhance, test and tune their functions on Oracle Exadata Database computer, Oracle SuperCluster, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-reminiscence computer, Oracle Database appliance and Oracle big data equipment engineered techniques.

Oracle Exadata is developed to dramatically increase database efficiency and maximize availability to aid companies pressure topline growth via larger employee productiveness, a higher customer adventure, and faster time-to-market.

by means of achieving Oracle Exadata Optimized status, Oracle acknowledges ICS economic systems Ltd. for establishing, trying out and tuning ICS BANKS 6.0 with Oracle Exadata Database desktop. This accomplishment is a testament to ICS financial systems Ltd.’s capability to convey the excessive performance and reliability customers require.

“Our relationship with Oracle is starting to be and rapidly evolving with these days’s speedy know-how innovations. they are proud to state that their ICS BANKS trying out on Oracle Exadata Database desktop outcomes are the maximum finished to date.” pointed out Robert Hazboun, Managing Director, ICSFS.

“ICS BANKS superb achievements are a testomony to their commitment to their customers in proposing new technologies that be certain conclusion-to-conclusion processing of monetary transactions, lower possibility and enhance the stage of safety, reduce can charge and raise customers’ return on investment (ROI), while addressing imaginative banking and enterprise traits.”

“Oracle Exastack Optimized acknowledges companions who have optimized their options on an entire, built-in and cloud-capable infrastructure with a purpose to aid them accelerate innovation, unencumber new facets and performance, and convey sophisticated cost to users,” stated David Hicks, vice president, international ISV Cloud company building and advertising and marketing, Oracle.

“by means of achieving Oracle Exadata Optimized status, ICS monetary techniques Ltd. has established its ICS BANKS 6.0 is established and tuned to work with Oracle Exadata Database computer to support bring most desirable efficiency, scalability, and reliability to their purchasers.”


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assisting gigantic database workloads used to require large numbers of high-conclusion servers and storage arrays. Now, with Oracle’s new Exadata Database computer X4-eight, workloads that in the past required dozens of racks of equipment can run dramatically quicker on a single engineered device.

The Exadata Database desktop X4-8 gives you intense compute and facts throughput for massive database workloads using effective eight-socket database servers, clever storage, extremely-quick PCI flash playing cards, and unified InfiniBand connectivity.

while the Exadata Database laptop X4-8 excels at average database workloads similar to on-line transaction processing (OLTP) and facts warehousing, it is in particular optimized for a brand new technology of workloads: database as a provider (DBaaS) and database in-memory. With as much as 12 terabytes (TB) of DRAM reminiscence, the Exadata Database computing device X4-eight can consolidate hundreds of databases and may run big databases entirely in-memory.

Exadata Database desktop X4-8 has been enhanced with elevated compute, memory, and conversation to give a terrific platform for consumers’ most critical information-intensive operations, together with information warehousing, OLTP, and large information analytics. the brand new engineered device is particularly optimized for DBaaS and in-reminiscence database.

Optimized for Oracle Database In-reminiscence, Exadata Database computing device X4-8 supports in-memory processing with large DRAM capacity, in conjunction with clear information tiering to flash and disk for much less performance-critical data.

Exadata Database computing device X4-8 supports Oracle Database In-memory fault tolerance, enabling in-memory processing to proceed with out interruption, even when a database node fails.

Exadata Database computing device X4-eight extra reduces the operational and management prices in gigantic private and public cloud deployments of Oracle Database, enabling massive-scale DBaaS or consolidation initiatives in the commercial enterprise.

For the database compute nodes, Exadata Database computer X4-eight makes use of the Intel® Xeon® E7-8895 v2, an optimized 15-core microprocessor that elastically scales frequency and variety of active cores to aid bring height workload efficiency.

normal, Exadata Database desktop X4-8 offers big performance and memory increases in comparison to the outdated era. The hardware enhancements consist of:

• 50 percent more database compute cores, using the Xeon® E7 v2 15-core processors;• as much as 6TB of memory per compute node for a total of 12TB per rack;• 2x quicker InfiniBand with a new PCIe card with all ports lively;• virtually 2x greater native disk area;• up to 672 TB of disk storage, and 44 TB of PCI flash per rack.

Exadata Database desktop X4-eight hardware is compatible and interoperable with previously launched Oracle Exadata Database Machines, enabling customers with present methods to effectively extend with the newest equipment. moreover, the new Oracle Exadata utility helps old-generation Oracle Exadata hardware systems and also helps both Oracle Database 12c and Oracle Database 11g free up 2.

Oracle designs engineered methods to in the reduction of the can charge and complexity of IT infrastructure by way of optimizing efficiency at each layer of the stack. heaps of valued clientele worldwide count on Oracle Exadata to simplify statistics core operations, drive down fees, and accelerate enterprise innovation.

supporting prices"considering the fact that Oracle Exadata Database machine was delivered in 2008, Oracle has been offering trade-leading engineered methods that aid their consumers obtain probably the most cost from their business records,” noted Juan Loaiza, Senior vice president, methods technology, Oracle. “Exadata Database desktop X4-eight once more raises the bar and gives a great platform for Oracle Database In-memory. collectively, the combination allows for customers to adapt into precise-time companies.”

“The massive inflow of records and the should respond instantly to altering business circumstances require IT to take a new strategy to their facts infrastructure,” observed Diane Bryant, Senior vice chairman and ordinary supervisor of Intel’s facts center community. “This personalized version of the Intel Xeon processor E7 v2, developed in collaboration with Oracle, helps maximize the vigor of the Exadata Database machine X4-eight with the aid of elastically accelerating top efficiency of database operations, whereas additionally cutting back the facts footprint.”

About OracleOracle (oracle.com) engineers hardware and software to work together in the cloud and to your information middle.

TrademarksOracle and Java are registered logos of Oracle and/or its affiliates. other names may be emblems of their respective house owners.

Contact: Joan Touchstone, Blanc & OtusP: +1 415-856-5110 - E: dtouchstone[.]blancandotus.com.


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    No result found, try new keyword!In case of future enlargement of cloud products and services, the company’s total operating margin will increase by at least 20%. Oracle’s stock is slightly overvalued in a conservative scenario. With ...

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    In addition to providing a broad spectrum of cloud offerings, they develop and sell their products and services to their customers worldwide for use in their global data centers and on-premise IT environments. An important element of their corporate strategy is to continue their investments in, and innovation with respect to, their products and services that they offer through their cloud and on-premise software, hardware and services businesses. They have a deep understanding as to how all components within IT environments-application, platform and infrastructure-interact and function with one another. They focus their development efforts on improving the performance, security, operation and integration of these differing technologies to make them more cost-effective and easier to deploy, manage and maintain for their customers and to improve their computing performance relative to their competitors. After the initial purchase of Oracle products and services, their customers can continue to take advantage of their research and development investments and deep IT expertise by purchasing and renewing Oracle support offerings, which may include product enhancements that they periodically deliver to their Oracle E-Business Suite, Siebel, PeopleSoft and JD Edwards application software products, among others, and by renewing their SaaS, PaaS and IaaS contracts with us.

    As customers deploy with the Oracle Cloud, many are adopting a hybrid IT model whereby certain of their IT resources are deployed and managed through the Oracle Cloud, while other of their IT resources are deployed and managed on-premise, and both sets of resources can be managed as one. They focus the engineering of their products and services to best connect these different deployment models to enable flexibility, ease, agility, compatibility, extensibility and seamlessness.

    A selective and active acquisition program is another important element of their corporate strategy. They believe that their acquisitions enhance the products and services that they can offer to customers, expand their customer base, provide greater scale to accelerate innovation, grow their revenues and earnings, and increase stockholder value. In recent years, they have invested billions of dollars to acquire a number of companies, products, services and technologies that add to, are complementary to, or have otherwise enhanced their existing offerings. On

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    November 7, 2016, they acquired NetSuite Inc. (NetSuite), which contributed to the growth in their cloud SaaS and PaaS revenues, among others, from the date of acquisition. Note 2 of Notes to Condensed Consolidated Financial Statements, included elsewhere in this Quarterly Report, provides additional information related to their acquisition of NetSuite. They expect to continue to acquire companies, products, services and technologies to further their corporate strategy.

    We have three businesses that deliver their application, platform and infrastructure technologies: cloud and on-premise software, hardware and services. These businesses can be further divided into certain operating segments (Note 12 of Notes to Condensed Consolidated Financial Statements, included elsewhere in this Quarterly Report, provides additional information related to their operating segments). Each of their businesses and operating segments has unique characteristics and faces different opportunities and challenges. An overview of their three businesses and related operating segments follows.

    Cloud and On-Premise Software Business

    Our cloud and on-premise software business, which represented 79% of their total revenues on a trailing 4-quarter basis, is comprised of three operating segments: (1) cloud software and on-premise software, (2) cloud IaaS and

    Cloud Software and On-Premise Software: Their cloud software and on-premise software line of business markets, sells and delivers a broad spectrum of application and platform technologies through their SaaS and PaaS offerings, which are certain of their software applications and platforms that are delivered via a cloud-based IT environment that they host, manage and support. Their cloud software and on-premise software line of business also licenses their software products including Oracle Applications, Oracle Database, Oracle Fusion Middleware and Java, among others, for on-premise IT environments.

    We believe that the comprehensiveness and breadth of their SaaS, PaaS and on-premise software offerings provides greater benefit to their customers and differentiates us from many of their competitors that offer more limited or specialized software offerings. Their SaaS and PaaS offerings are designed to be interoperable with one another, thereby limiting the integration and tuning of multiple cloud applications from multiple vendors. Their SaaS and PaaS offerings are designed to deliver secure data isolation and flexible upgrades, self-service access controls for users, a Service-Oriented Architecture (SOA) for integration with on-premise systems, and a high performance, high availability infrastructure based on their infrastructure technologies including their Oracle Engineered Systems. Their on-premise software offerings are substantially designed to operate on both single server and clustered server configurations for cloud or on-premise IT environments, and to support a choice of operating systems including Oracle Solaris, Oracle Linux, Microsoft Windows and third party UNIX products, among others. Their commitment to industry standards results in software offerings that work in customer environments with Oracle or non-Oracle hardware or software components and that can be adapted to meet specific industry or business needs. They focus the engineering of their products and services to best connect cloud and on-premise deployment models to enable flexibility, ease, agility, compatibility, extensibility and seamlessness. All of these approaches are designed to support customer choice and reduce customer risk. Their customers include businesses of many sizes, government agencies, educational institutions and resellers. They market and sell their cloud software and on-premise software offerings to these customers with a sales force positioned to offer the combinations that best fit customer needs. They enable customers to evolve and transform to substantially any IT environment at whatever pace is most appropriate for them.

    Our SaaS and PaaS revenues and new software licenses revenues are affected by the strength of general economic and business conditions, governmental budgetary constraints, the strategy for and competitive position of their software offerings, their acquisitions, their ability to deliver and renew their SaaS and PaaS contracts with their existing customers and foreign currency rate fluctuations. In recent periods, they have placed significant strategic

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    emphasis on growing their cloud SaaS and PaaS revenues, which has affected the growth of their cloud SaaS and PaaS revenues and their new software licenses revenues and the related expenses. They expect these trends will continue. Their SaaS and PaaS arrangements are generally one to three years in duration and they strive to renew these contracts when they are eligible for renewal. The substantial majority of their new software license transactions are characterized by long sales cycles and the timing of a few large software license transactions can substantially affect their quarterly new software licenses revenues.

    Cloud software and on-premise software revenues represented 26% of their total revenues on a trailing 4-quarter basis. Their cloud software and on-premise software segment's margin has historically trended upward over the course of the four quarters within a particular fiscal year due to the historical upward trend of their new software licenses revenues over those quarterly periods and because the majority of their costs for this segment are predominantly fixed in the short term. As discussed further below under "Supplemental Disclosure Related to Certain Charges," their cloud software and on-premise software segment's margin has been and will continue to be affected by the fair value adjustments relating to the cloud SaaS and PaaS obligations that they assumed in their business combinations and by the amortization of intangible assets associated with companies and technologies that they have acquired.

    Cloud Infrastructure as a Service: Their cloud IaaS segment, which represented 2% of their total revenues on a trailing 4-quarter basis, provides Oracle Cloud IaaS offerings, which are infrastructure cloud services that are enterprise-grade, hosted and supported within the Oracle Cloud to perform elastic compute, storage and networking services on a subscription basis. Their cloud IaaS segment also offers Oracle Managed Cloud Services, which are comprehensive software and hardware management and maintenance services for customer IT infrastructure for a fee for a stated term that are hosted at their Oracle data center facilities, select partner data centers or physically on-premise at customer facilities. They believe that the introduction of additional Oracle Cloud IaaS offerings complements their SaaS and PaaS offerings and allows us to offer customers additional opportunities to access Oracle technologies through the Oracle Cloud to meet their IT needs.

    Software License Updates and Product Support: Software license updates and product support revenues are generated through the sale of software support contracts relating to on-premise new software licenses purchased by their customers. Customers that purchase software license updates and product support are granted rights to unspecified product upgrades and maintenance releases and patches released during the term of the support period, as well as technical support assistance. Their software license updates and product support contracts are generally one year in duration. Substantially all of their on-premise software license customers renew their software license updates and product support contracts annually. The growth of software license updates and product support revenues is primarily influenced by four factors: (1) the percentage of their software support contract customer base that renews its software support contracts, (2) the amount of new software license revenues sold, (3) the amount of new software support contracts sold in connection with the sale of new software licenses and (4) the amount of software support contracts assumed from companies they have acquired.

    Our software license updates and product support segment, which represented 51% of their total revenues on a trailing 4-quarter basis, is their highest margin business unit. Their software support margins over the trailing 4-quarters were 93% and accounted for 87% of their total margins over the same period. Over the longer term, they believe that software license updates and product support revenues and margins will grow for the following reasons:

    substantially all of their on-premise new software license customers, including customers from acquired companies, renew their software support contracts when eligible for renewal;

    substantially all of their customers purchase software license updates and product support contracts when they buy new software licenses, resulting in a further increase in their software support contract base. Even if new software licenses revenues growth was flat, software license updates and product support revenues would continue to grow in comparison to the corresponding prior year periods assuming contract renewal and cancellation rates and foreign currency rates remained relatively constant, since substantially all new software licenses transactions result in the sale of software license updates and product support contracts, which add to their software support contract base; and

    our acquisitions have increased their software support contract base, as well as the portfolio of products available to be licensed and supported.

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    Hardware Business

    Our hardware business is comprised of two operating segments: (1) hardware products and (2) hardware support. Their hardware business represented 12% of their total revenues on a trailing 4-quarter basis. They expect their hardware business to have lower operating margins as a percentage of revenues than their cloud and on-premise software business due to the incremental costs they incur to produce and distribute these products and to provide support services, including direct materials and labor costs. They expect to make investments in research and development to improve existing hardware products and services and to develop new hardware products and services.

    Hardware Products: They provide a broad selection of hardware and related services, including Oracle Engineered Systems, servers, storage, networking, workstations and related devices, industry-specific hardware, virtualization software, operating systems, and management software to support diverse IT environments, including cloud computing environments. They engineer their hardware products with virtualization and management capabilities to enable the rapid deployment and efficient management of cloud and on-premise IT infrastructures. Their hardware products support many of the world's largest cloud infrastructures, including the Oracle Cloud.

    Our hardware products are designed to be easier to deploy, manage and maintain for their customers and to improve computing performance relative to their competitors' offerings. They design their hardware products to seamlessly connect cloud and on-premise IT environments to further enable interoperability, interchangeability and extendibility and to work in customer environments that may include other Oracle or non-Oracle hardware or software components. Their flexible and open approach provides Oracle customers with a broad range of choices in how they deploy their hardware products, which they believe is a priority for their customers.

    Oracle Engineered Systems are core to their hardware offerings and are important elements of their data center and cloud computing offerings including the Oracle Cloud. These pre-integrated products are designed to integrate multiple Oracle technology components to work together to deliver improved performance, availability, security and operational efficiency relative to their competitors' products; to be upgraded effectively and efficiently; and to simplify maintenance cycles by providing a single solution for software patching. Oracle Engineered Systems are tested before they are shipped to customers and delivered ready-to-run, enabling customers to shorten deployment time to production. They offer certain of their Oracle Engineered Systems technologies through flexible deployment options including as a cloud service and for on-premise IT environments.

    We offer a wide range of server products using their SPARC microprocessor. Their SPARC servers run the Oracle Solaris operating system and are designed to be differentiated by their reliability, security and scalability. Their mid-size and large servers are designed to offer better performance and lower total cost of ownership than competitive UNIX systems for business critical applications, for customers having more computationally intensive needs, and as platforms for building cloud computing IT environments. Their SPARC servers are also a core component of the Oracle SuperCluster, one of their Oracle Engineered Systems.

    We also offer enterprise x86 servers. These x86 servers are based on microprocessors from Intel Corporation and are compatible with Oracle Solaris, Oracle Linux, Microsoft Windows and other operating systems. Their x86 servers are also a core component of many of their Oracle Engineered Systems including the Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine and the Oracle Big Data Appliance.

    Our storage products are engineered for the cloud and designed to securely store, manage, protect, archive, backup and recover customers' mission critical data assets. Their storage products consist of disk, flash, tape, virtual tape and hardware-related software including file systems software, back-up and archive software, hierarchical storage management software and networking for mainframe and heterogeneous systems environments. They also offer certain of their storage offerings as a cloud service.

    Our networking and data center fabric products, including Oracle Virtual Networking, and Oracle InfiniBand and Ethernet technologies, are used with their server and storage products and are integrated into their management tools to help enterprise customers improve infrastructure performance, reduce cost and complexity and simplify storage and server connectivity.

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    We offer hardware products and services designed for certain specific industries. Their point-of-sale hardware offerings include point-of-sale terminals and related hardware that are designed for managing businesses within the food and beverage, hotel and retail industries, among others. Their hardware products and services for communications networks include network signaling, policy control and subscriber data management solutions, and session border control technology, among others.

    The majority of their hardware products are sold through indirect channels, including independent distributors and value-added resellers.

    To produce their hardware products, they rely on both their internal manufacturing operations as well as third party manufacturing partners. Their internal manufacturing operations consist primarily of materials procurement, assembly, testing and quality control of their Oracle Engineered Systems and certain of their enterprise and data center servers and storage products. For all other manufacturing, they generally rely on third party manufacturing partners to produce their hardware-related components and hardware products and they may involve their internal manufacturing operations in the final assembly, testing and quality control processes for these components and products. They distribute most of their hardware products either from their facilities or partner facilities. They strive to reduce costs by simplifying their manufacturing processes through increased standardization of components across product types and a "build-to-order" manufacturing process in which products generally are built only after customers have placed firm orders.

    Our hardware products revenues, cost of hardware products and hardware operating margins that they report are affected by their strategy for and the competitive position of their hardware products, the strength of general economic and business conditions, governmental budgetary constraints, certain of their acquisitions and foreign currency rate fluctuations.

    Our quarterly hardware products revenues are difficult to predict. The timing of customer orders and delays in their ability to timely manufacture or deliver a few large hardware transactions, among other factors, could substantially affect the amount of hardware products revenues, expenses and operating margins that they report.

    Hardware Support: Their hardware support offerings provide customers with software updates for software components that are essential to the functionality of their hardware products, such as Oracle Solaris and certain other software products, and can include product repairs, maintenance services and technical support services. Typically, their hardware support contract arrangements are priced as a percentage of the net hardware products fees, are invoiced to the customer at the beginning of the support period and are one year in duration. They continue to evolve hardware support processes that are intended to proactively identify and solve quality issues and to increase the amount of new and renewed hardware support contracts sold in connection with the sales of their hardware products. Their hardware support revenues that they report are influenced by a number of factors, including the volume of purchases of hardware products, the pricing and mix of hardware products purchased, whether customers decide to purchase hardware support contracts at or in close proximity to the time of hardware product sale, the percentage of their hardware support contract customer base that renews its support contracts and their acquisitions. Substantially all of these factors are heavily influenced by their customers' decisions to either maintain or upgrade their existing hardware infrastructure to newly developed technologies that are available.

    Services Business

    Our services business, which represented 9% of their total revenues on a trailing 4-quarter basis, is comprised of the remainder of their operating segments. Their services business has lower margins than their cloud and on-premise software and hardware businesses. Their services revenues are impacted by their strategy for and the competitive position of their services, certain of their acquisitions, general economic conditions, governmental budgetary constraints, personnel reductions in their customers' IT departments, tighter controls over discretionary spending, their strategic emphasis on growing their cloud revenues and the growth in their software and hardware offerings. Their services business' offerings include:

    consulting services that are designed to help their customers and global system integrator partners more successfully architect and deploy their offerings, including IT strategy alignment, enterprise architecture planning and design, initial cloud and software implementation and integration, and ongoing software

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    advanced customer support services, which are provided on-premise and remotely to their customers to enable increased performance and higher availability of their Oracle products and services and also include certain other services; and

    education services for Oracle products and services, including training and certification programs that are offered to customers, partners and employees through a variety of formats, including instructor-led classes at their education centers, live virtual training, self-paced online training, private events and custom training.

    Acquisitions

    A selective and active acquisition program is another important element of their corporate strategy. In recent years, they have invested billions of dollars to acquire a number of complementary companies, products, services and technologies.

    We have acquired certain companies and technologies during the fiscal 2017 and 2016 periods presented in this Quarterly Report, including NetSuite. Note 2 of Notes to Condensed Consolidated Financial Statements included elsewhere in this Quarterly Report provides additional information related to their recent acquisitions.

    We believe that their acquisition program strengthens their competitive position, enhances the products and services that they can offer to customers, expands their customer base, provides greater scale to accelerate innovation, grows their revenues and earnings and increases stockholder value. They expect to continue to acquire companies, products, services and technologies in furtherance of their corporate strategy.

    We believe that they can fund their pending and future acquisitions with their internally available cash, cash equivalents and marketable securities, cash generated from operations, additional borrowings or from the issuance of additional securities. They estimate the financial impact of any potential acquisition with regard to earnings, operating margin, cash flow and return on invested capital targets before deciding to move forward with an acquisition.

    Critical Accounting Policies and Estimates

    Our consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP) as set forth in the Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC), and they consider the various staff accounting bulletins and other applicable guidance issued by the U.S. Securities and Exchange Commission. GAAP, as set forth within the ASC, requires us to make certain estimates, judgments and assumptions. They believe that the estimates, judgments and assumptions upon which they rely are reasonable based upon information available to us at the time that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. To the extent that there are differences between these estimates, judgments or assumptions and actual results, their financial statements will be affected. The accounting policies that reflect their more significant estimates, judgments and assumptions and which they believe are . . .

    Dec 19, 2016

    (c) 1995-2016 Cybernet Data Systems, Inc. All Rights Reserved



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