News and Analysis

News and Analysis (15669)

QLIK COSTS TURN NET RED

Lars Björk, Qlik TechnologyIncreased spending pushed Qlik Technology, which markets analytical software, to a loss. The company reported red ink of $14.4 million for the third quarter ended September 30, a swing from earnings of just under $3 million a year ago. Revenue for the most recently ended period was $131.3 million, an increase of 26 percent from $104.1 million. However, operating expenses for the quarter hit $121.9 million, a rise of 31.7 percent from $92.6 million a year ago.

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SAGE ONE MOBILE DEBUTS

Nick Longden, Sage U.K.A mobile app for Sage One has been released by Sage North America. Designed for users of the Sage One Accounting Standard edition, the app enables users to create and send invoices and record payments. It is available for iPhone users in the United States with versions for other platforms coming soon. Sage One Accounting Standard is priced at $14 per month; Sage One Invoicing is $9 per month with the mobile app available to those users at no cost. Sage gets credit for creativity on broken links.

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TAX DROP AIDS BLACKBAUD NET

Michael Gianoni, BlackbaudBlackbaud capitalized on a sharp drop in taxes to hike spending and still achieve a 10.5-percent increase in earnings for the third quarter ended September 30. The company reported earnings of $10.4 million, up from $9.4 million in last year's corresponding period. Revenue for the most recently ended quarter was $144.7 million, an increase of 7.3 percent from $127.9 million a year ago. CEO Michael Gianoni was pleased with sales.

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SIX S TOP EPICOR RESELLER

sixs_logoSix S Partners has been name Americas "Partner of the Year" by Epicor Software. The Waterloo, Canada-based company was also honored for having the most new business transactions. Six S carries Epicor 9, and although that product has been effective in the accounting end, Six S and the other companies are primarily in manufacturing. Most are exclusive to Epicor in their ERP lines.

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GODLAN CULTIVATING TALENT

Bobby Rudder, GodlanInfor reseller Godlan has started a program to attract talent to the manufacturing consulting space. The Clinton Twp., Mich.-based company has developed a curriculum to provide training in several areas including manufacturing principles, programming, Infor SyteLine ERP, along with complimentary modules. The program "will grow as our business grows," says Godlan CEO Bobby Rudder.

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INTUIT SPENT $3M ON SHOW?

Earvin "Magic" Johnson With all the high-profile speakers at the recent QuickBooks Connect conference, many attendees wondered how much Intuit spent. There was one show day, plus a VIP day and extra pre and post stuff. I bounced the details of the San Jose, Calif.-based event off someone who has paid for such gatherings and received an estimate of $3 million; my quick estimate was $2 million to $3 million. Intuit had no comment on that.

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RANDOM THOUGHTS: MARTHA STEWART

Martha StewartI'm not impressed by the advent of near-field communication, the up-and-coming technology for enabling mobile devices to exchange data by passing near each other. Back on the farm in southern Indiana we had near field communication. When dad was on the tractor in the field near the house we'd yell out, "Do you want us to bring you a sandwich?"... Verizon's email security has gotten much tighter.

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NETSUITE: REVS, LOSS, PRICE UP

Zach Nelson, NetSuiteNetSuite continued its march into the Tier 1 financial software space during the third quarter ended September 30. In this week's webcast, CEO Zach Nelson said the cloud company beat all forecasts, saw high growth across all industry groups and set a record for $1-million plus deals. "Most of them are single tier—full-blown replacement of software that was done 20 years ago," he said. He also ascribed the much of growth to global systems integrators.

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AVALARA HIRE SIGNALS GLOBAL PLANS

Richard Asquith, Avalara Avalara has named Richard Asquith as VP of global tax compliance. The Bainbridge Island, Wash.-based company says Asquith's hiring is part of its plan to develop its transactional tax compliance offerings internationally. Based in the United Kingdom, Asquith founded the TMF Group and led its global VAT practice for 10 years. He began his career at KPMG in the U.K. and later joined Ernst & Young, and assisted companies entering in new markets while working in Russia, Hungary and France.

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MICROSOFT'S NADELLA'S PAY: $84.3M

Satya Nadella, MicrosoftWhether Microsoft's cloud ERP is real or not, compensation for its named executives was certainly in the cloud for the year ended June 30. The group saw its pay balloon from the value of stock awards granted. At the top, new CEO Satya Nadella had total compensation of $84.3 million, with $79.7 million from the stock grants. Nadella took over the job in February left by founder Steve Ballmer and you'd have to call this a pretty good fiscal 2014 for the new top guy. COO Kevin Turner pulled down $22.7 million, just over $19 million from the stock. General counsel Brad Smith had $19.1 million in compensation; just under $17 million from stock awards.

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