The following looks like HUMCF is aiming to make money through consulting services (which I understand as the providing of hands-on help, even coding applications, for customers), which can be very profitable:
Hummingbird Appoints Seroja ''Joey'' Beitdashtoo, As Vice President, Professional Services, Business Intelligence Division
TORONTO, Nov. 4 /CNW/ - Hummingbird Communications Ltd. (TSE: ''HUM'' and NASDAQ: ''HUMCF''), a world leading enterprise software company, today announced the appointment of Seroja ''Joey'' Beitdashtoo, as Vice President, Professional Services, Worldwide, for the Business Intelligence Division.
Mr Beitdashtoo, who has 23 years of information technology and professional services experience, joins Hummingbird after 16 years of service with Cognos, where he held the position of Vice President, North American Professional Services.
During his tenure as head of North American professional services at Cognos, Mr Beitdashtoo achieved outstanding growth for that company's professional services group, brought about through his drive and commitment for excellence in providing strategic and solutions-oriented services support. Mr Beitdashtoo will assume the responsibility of directing and growing Hummingbird's professional services, worldwide, so as to deliver the targeted revenue and profit growth for that sector of the business. This growth will be made possible through the delivery of exemplary education and consulting services and the management of large-scale BI systems integration and deployment projects.
Said Fred Sorkin, President and Chief Executive Officer of Hummingbird Communications Ltd, ''Consulting services will comprise a large percentage of the future BI market. A world class professional services capability, will figure largely in Hummingbird's mission to become a leading supplier within the business intelligence market. It is anticipated that Mr Beitdashtoo's significant experience and success in establishing strong customer relationships with Fortune 1000 companies, will be key in the attainment of the Company's success and growth in this market sector.'' |