DELTEK GROWS, BUT WHITHER VARS?
- Friday, 05 November 2010
- News and Analysis
Fueled by its purchase of Maconomy, Deltek had a strong September quarter in Europe and the United States. But I’m not sure there's much opportunity for resellers. Revenue rose to $65.2 million for the third quarter ended September 30, up 1.7 percent from $64.1 million a year ago. Deltek lost $4.2 million, compared to earnings of $6.6 million a year earlier. And the purchase accounting used in acquisitions reduced revenue by about $7 million in the quarter.
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