Fiscal year
Business Concept
Senator: USPS to resume North Pole Santa letters...Sue Brennan said the move is a matter of resources and finances for the agency, which lost billions of dollars in the last fiscal year. Santa Claus House, a North Pole store built like a Swiss chalet and chock full of all items... In this article: The Postal Service, Elf, Alaska, Lisa Murkowski, North Pole, Alaska, and Maryland |
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AP Online | 4 hours ago
Ariz. lawmakers may have December special session
...the specifics haven't been determined. Kavanagh said an additional $300 million of cuts should be made in December so the reductions can be spread over as many months as possible in the fiscal year which already is more than a third over.
In this article: Jan Brewer, Arizona, and Appropriation
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Centre Daily Times | 1 day ago
Verigy Reports Financial Results for its Fourth Quarter and Fiscal Year 2009
...Calif. - Verigy Ltd. (NASDAQ:VRGY), a premier semiconductor test company, today reported financial results for its fourth quarter and fiscal year ended Oct. 31, 2009. Total revenue for the fourth quarter was $97 million, a sequential...
In this article: Verigy Ltd., Revenue, Semiconductor, Pacific, and California
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Kulicke & Soffa Reports Results for its Fourth Quarter and Fiscal Year 2009
FORT WASHINGTON, Pa. - Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) ("K&S") today announced results for its fourth fiscal quarter and year ended October 3, 2009. For the fourth quarter, the Company reported net revenue from continuing...
In this article: Tax, Revenue, Nasdaq, Amortization, Semiconductor, and Pennsylvania
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washingtonpost.com | 1 day ago
Infineon 4Q net income rises to $21 million
...reported a net loss of euro671 million compared to a net loss of nearly euro4 billion in the 2008 fiscal year. Revenue in the 2009 fiscal year declined to euro3.03 billion from nearly euro4 billion in 2008. "The strong impact of our...
In this article: Infineon Technologies AG, Revenue, Frankfurt, and Balance sheet
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Reuters | 1 day ago
UPDATE 1-Japan finmin says watching bond yields carefully
...the economy," he said. The government, facing sliding tax revenues, may issue 52 trillion yen ($583 billion) in new bonds in the fiscal year ending next March, up 18 percent from its current estimate, Japanese media reported on Thursday.
In this article: Japan, Mainichi, Revenue, Recession, and Organisation for Economic Cooperation and Development
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VDOT budget facing $84 million ax
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California governor against tax hikes to close budget gap
...said on Wednesday he opposed tax hikes to close the state's budget gap, projected to be bigger than expected in the next fiscal year. The former Hollywood action star told reporters he would meet with state lawmakers to discuss...
In this article: Arnold Schwarzenegger, California, Revenue, Department of Finance, Recession, Tax, and Los Angeles Times
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Prime Newswire | 3 days ago
Lucas Energy Reports Second Fiscal Quarter 2009-2010 Results, Turns EBITDA Positive
...based in Houston, Texas reports the financial results from operations for second quarter of fiscal year 2009-2010. For the second quarter fiscal year 2009-2010, the Company reports: -- Revenues for the quarter ended September 30,...
In this article: Cash flow, Revenue, Securities Act of 1933, Shareholders' equity, Balance sheet, Amortization, and Natural gas
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MarketWatch.com - MarketPulse | 4 days ago
Lonmin swings to fiscal year loss, revenue down
LONDON (MarketWatch) -- Platinum miner Lonmin /quotes/comstock/23s!a:lmi (UK:LMI 1,592, 0.00, 0.00%) said Monday that it swung to a fiscal-year loss of $285 million. Last year, the firm posted a profit of $455 million. Revenue dropped to...
In this article: Lonmin, Platinum, Revenue, Capital expenditure, Credit crunch, MarketWatch, London, and Japan
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Conolog Reports Results for Fiscal Year Ended July 31, 2009
SOMERVILLE, N.J. - Conolog Corporation (NASDAQ: CNLG) reported today its financial results for the fiscal year ended July 31, 2009. Product revenue for the fiscal year ended July 31, 2009 totaled $1,485,298 an increase of 21.7% or $264,305...
In this article: Revenue, Safe harbor, Amortization, Outsourcing, Private Securities Litigation Reform Act of 1995, Securities and Exchange Commission, and Nasdaq
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Description from Wikipedia:
A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation require such reports once per twelve months, but do not require that the period reported on constitutes a calendar year (i.e., January through December). Fiscal years vary between businesses and countries.
In addition, many companies find that it is convenient for purposes of comparison and for accurate stock taking to always end their fiscal year on the same day of the week, where local legislation permits. Thus some fiscal years will have 52 weeks and others 53. Major corporations that adopt this approach include Cisco Systems and Tesco.
In the United Kingdom, a number of major corporations that were once government owned, such as BT Group and the National Grid, continue to use the government's financial year, which ends on the last day of March, as they have found no reason to change since privatisation.
Nevertheless, for about 65% of publicly traded companies in the United States and for a majority of large corporations in the UK and elsewhere, except in Australia, New Zealand and Japan, the fiscal year and calendar year are identical. Many universities have a fiscal year which ends during the summer, both to align the fiscal year with the school year, and because the school is normally less busy during the summer months.
Some media/communication based organizations use a Broadcast calendar as the basis for their fiscal year.
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