Dutch software vendor Baan has found its results under the spotlight again as it issues a restatement of its first quarter results from an initially reported net profit of $2.4 million (#1.47 million) to $2.1 million (#1.29 million), due to deferred expenses from the previous quarter.
Reportedly, Baan has also re-categorised $22 million (#13.5 million) worth of deferred revenues as "long-term deferred revenues" meaning that the company did not expect payment for more than 12 months.
Are you paying attention?
Private equity firm Permira only acquired Magento from eBay for $200m three years ago
Before robots can take over from humans, we need more humans
It's not easy not being evil