EBIT for Specialized Solutions was about $14.4 million, an increase of 1.9 percent over 2013 while revenue rose to roughly $55.4 million, up 6.2 percent. The unit ended 2014 on a strong note with revenue up 20.4 percent, 10.7 percent on an operational basis for the fourth quarter. And license revenue for the most recently ended quarter was up 43.3 percent, 31.3 percent on an operational basis, compared to last year's corresponding period. That pushed license revenue up 18.1 percent for the year. The fourth quarter results, however, were buoyed by rise in the value of the U.S. dollar against the euro. The numbers exclude results of Lohn and Longview, which were sold during the year. The rise in net income reflected the gain from the disposal of the two product lines. For 2014, Specialized Solutions had two new revenue categories: online with about $9.2 million in revenue and subscriptions, coming in at roughly $16.1 million. Company-wide, the bottom line was $42.9 million, an increase of 17.4 percent, and revenue was approximately $215.8 million, rising 4 percent. Total results were pulled down by weakness in the Business Solutions division, which sells the financial packages Exact provides in the European market.
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EXACT U.S. APPS DO WELL LAST YEAR Featured
Exact, on the brink of going private, wound up 2014 with a good performance in its Specialized Solutions, manufacturing packages the Netherlands-based company sells in the United States. "We had a very good year," CEO Erik van der Meijden said during this weeks' earnings webcast for the year ended December 31. The company said the U.S. products, Macola, JobBoss and Exact, had a good year.
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