News and Analysis

News and Analysis (15669)

PROJECT DELAYS HURT EDGEWATER EARNINGS

Shirley Singleton, Edgewater TechnologyEdgewater Technology, which owns Dynamics Fullscope, saw a sharp drop in earnings for the second quarter ended June 30 as customers postponed the start of projects. Edgewater reported net income of $494,000 for the most recently ended period, down 72.3 percent from $1.7 million The bottom line suffered with gross profit dropping to 34.1 percent from 37.3 percent a year ago while operating expenses rose to slightly more than $9 million, an increase of 17 percent from $7.7 million in last year's corresponding period.

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SAGE LIFE NOW SAGE LIVE

Doug LaBahn, SageMaybe someone at Sage read my comment that a maintenance contract for Sage Life would be called Life Support. Anyway, the product is now Sage Live and the company gave a brief view  at the Sage Summit conference now underway. Live has three editions, Essentials, Standard and Premium. Essentials financials for one country; single-country compliance; real-time scoreboard and reporting; "Mobility, Social, and Community" (according to the slide image I saw), a "Success Support Plan"; and two designated users.

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SAGE ORGANIC REVS UP 7.3 PERCENT

Stephen Hare, SageSage says that organic revenue grew by 7.5 percent for the third quarter ended June 30, driven by a 34.2-percent rise in subscription revenue. Sage provided the information in a webcast of a recent trading update for the quarter. In trading updates, European companies do not provide earnings and revenue amounts. Much of the growth came in the United States and France, according to CFO Stephen Hare. However, Hare said, "We have started to see some impact in North America, where we have started to push upgrades and reactivation of Sage 50."

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RANDOM THOUGHTS: QUEEN ELIZABETH

Queen Elizabeth IISomebody at the pool aimed a nasty, critical remark at me last week. I responded, "I've been disliked by a lot better people than you and I'm proud of it." ...  A Detroit man has been running a center that has fowling, a combination of football and bowling. Players try to knock down all 10 pins by throwing a football. I propose a new competition called "fishling", a combination of bowling and fishing. Contestants drink beer between each ball toss and casting of the reel—pretty much emulating real life.

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PRESIDENT'S CLUB LOOKS SMALLER

MicrosoftThe 2015 President's Club for Microsoft Dynamics looks smaller in two ways. First, the decision that businesses could not be selected for both this honor and the Inner Circle decreased numbers. This year, there are 110 and the 2014 list seems to have 190 names from a rough count. Second, in the reseller arena, the P.C. firms are generally smaller than the I.C. resellers. Now, both groups include more than just VARs—for example, Fujitsu. But for the more "pure VARs"—increasingly hard to define, size is the best divider.

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NETSUITE'S SAME—REVS, LOSS RISE

Zach Nelson, NetSuiteThe NetSuite formula has been rising losses and surging revenue and that held true for the second quarter ended June 30. Its loss hit $32.3 million for the most recently ended period, compared to $23.2 million a year earlier. At the same time, the cloud company turned in its twelfth straight quarter with revenue growth of more than 30 percent.

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SAGE SUMMIT ADDS BIG NAMES

Recruiting for sponsors for next week's Sage Summit closed on an up beat. This month, the company added Microsoft as its sole Diamond Sponsor and Deloitte Digital, MasterCard and Salesforce as Platinum sponsors, pushing that group to five members. Overall, that brings the total exhibitors and sponsors to 124, if I did the math correctly, and I had reported there were 114 a year ago. While the total numbers aren't up that much, the number of big players outside of the usual Sage reseller and ISV community look good, much better than last year.

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NETSUITE MAKES COO PRESIDENT

McGeever, NetSuite Some followers might note my May 8 tweet that "The most word chewing heard at NetSuite was about CEO Nelson's crack about when COO Jim McGeever starts running the company". I got doubting looks when I suggested Nelson's statement at SuiteWorld wasn't a joke. However, this week McGeever took the President's job that had been held by Nelson. He also took a seat on the cloud company's board of directors.

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WIPFLI, BKD PICK CLOUD PRODUCTS

Mark Stevens, Wipfli The movement of reselling firms to cloud products advanced a step in the last few weeks. Last month, BKD Technologies signed to sell Intacct. This week, Wipfli said it is adding NetSuite to its roster of financial applications. It's particularly notable as BKD was recently named to the Dynamics Inner Circle and Wipfli to that vendor's President's Club. Wipfli was No. 13 on Bob Scott's Top 100 VARs for 2015 with $37 million in revenue. It carries Dynamics AX/GP and Abila MIP.

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APLOS OPENS UP API

Tim Goetz, Aplos Software Aplos Software, which makes cloud-based nonprofit software, has published its application programming interface. Making the API public enables developers who write software for nonprofits and churches to interface their software products with Aplos. "The API will allow these organizations a convenient way to keep their data up to date across all of their platforms and reduce the amount of time required to manage their organization," Aplos CEO Tim Goetz said in a prepared statement.

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