Two years after TechCentral broke the news that the US SEC was investigating a dodgy licensing deal involving Microsoft and EOH at the department of defence, EOH has agreed to pay back the money.
EOH Holdings has reduced its headcount by 1 566 employees in the past six months, mainly through selling or closing non-core and non-performing businesses, as it streamlines its operations and further reduces debt.
EOH Holdings’ six-monthly revenue, for the period ended 31 January 2021, fell by 29% year on year, mostly due to the disposal of businesses, as it said legacy public sector contract problems are now “under control”.
EOH expects its losses to narrow significantly in the six months ended 31 January 2021, but the shares fell sharply in reaction to a trading statement published on Thursday.
Promoted | In the final episode in this week’s series of podcasts with iOCO executives, we speak to Brian Harding and Richard Vester about the company’s expertise in software development and cloud computing.
Promoted | It used to be that getting value from software in a business was mostly about what technologies were available, and your ability to develop those that weren’t. Application programming interfaces have changed that. By iOCO’s Colin Millar.
Podcast | Egypt is on an upward march. The country is becoming an important centre for technology innovation and offers important lessons for the rest of Africa, says iOCO’s Essam Elbadri in this promoted podcast.
South Africa’s nuvoteQ, which is part of the iOCO stable, is making waves in the global medical technology space with a focus on delivering software-as-a-service solutions to the clinical research industry.
Promoted | Africa is ripe with opportunities for technology-led distruption, says EOH Holdings CEO Stephen van Coller in this first in a series of podcasts with executives from iOCO, the systems integrator in the EOH group.
Promoted | What the new generation of cloud-native applications can do, and what happens to those left behind. By iOCO’s Richard Vester.