News and Analysis (15671)
XERO TURNS FIRST-TIME PROFIT
- Thursday, 14 May 2020
- News and Analysis
- Written by BobWScott
Xero reported $2 million in net income for its year ended March 31, the first time the cloud software company has been in the black annually. That contrasted with a loss of roughly $16.2 million for fiscal 2019.
SILVERSUN LOSS INCREASES
- Thursday, 14 May 2020
- News and Analysis
- Written by BobWScott
If SilverSun Technologies had possessed a crystal ball last year, there are a few perfectly reasonable businesses decisions it might have done differently. Certainly, with the economy taking a beating after mid-March, the $2,250,636 in cash used by operations after paying a special dividend of $3.9 million in January would be handy to have now.
SAGE NEW BIZ OFF SHARPLY
- Wednesday, 13 May 2020
- News and Analysis
- Written by BobWScott
Sage’s ability to secure new customers has dropped dramatically with the impact of the COVID-19 virus. Nevertheless, the company said this week it will not layoff or furlough people nor will it accept government support.
BOOKINGS FALL SHARPLY AT BLACKBAUD
- Wednesday, 13 May 2020
- News and Analysis
- Written by BobWScott
Renewal rates are ahead of expectations but bookings have dropped significantly for Blackbaud, the nonprofit software said during its recent financial webcast. Given the impact of the Coronavirus epidemic, the company has taken a number of actions, which began in early March.
AVALARA CANS CRUSH FOR 2020
- Sunday, 10 May 2020
- News and Analysis
- Written by BobWScott
Avalara has canceled plans for holding its Avalara Crush Conference for October 28 through 30 in St. Louis, Mo. Instead, the tax software company has set its next planned event for May 11 to 13 in Boca Raton, Fla.
BILL.COM: ONLINE MODEL BIG HELP
- Friday, 08 May 2020
- News and Analysis
- Written by BobWScott
The online business model of Bill.com is an important factor in its performance in face of the coronavirus crisis, CEO Rene Lacerte said this week. Lacerte made his comment in an earnings webcast. as the payments company reported results for the third quarter ended March 31.
AVALARA: CLIENTS UP AND DOWN BALANCE
- Friday, 08 May 2020
- News and Analysis
- Written by BobWScott
Avalara reduced its outlook for revenue for 2020 by 2 percent to 3 percent from the previous forecast because of the impact of the COVID-19 virus. But so far, the company says them impact on customers is roughly even between those spending more and those less for its indirect tax services.
SOLVER EXPANDS IN EUROPE
- Friday, 08 May 2020
- News and Analysis
- Written by BobWScott
Solver has launched operations in France and Central Europe. The company said this week the move will grow the European customer base by expanding the number of resellers in these countries.
FINANCIALFORCE NAMES CMO
- Friday, 08 May 2020
- News and Analysis
- Written by BobWScott
FinancialForce has named Michael Ni as chief marketing officer. He fills the position Fred Studer left in June 2019.
MORE CONFERENCES GO VIRTUAL
- Thursday, 07 May 2020
- News and Analysis
- Written by BobWScott
Not surprisingly, Sage Intacct said this week its planned Advantage conference will be virtual. The plan was announced in a blog post by EVP Marc Linden, who heads the Sage unit, officially known as medium segment native cloud solutions Infor also recently virtualized its Inforum conference, previously set for September 15 and 16 In Las Vegas, Nev.
Most Read
-
-
May 19 2021
-
Written by BobWScott
Just what kind of year has it been for the…
-
-
-
May 22 2017
-
Written by mark
The last year has been one of change—the cloud has…
-
-
-
May 22 2017
-
Written by BobWScott
The last year has been one of change—the cloud has…
-
-
-
May 25 2016
-
Written by mark
Annual Report: 2016 BSI Top 100 VARs The web has…
-