News and Analysis (15669)
LOOKING AT INFOR’S NUMBERS
- Thursday, 02 May 2013
- News and Analysis
- Written by mark
The more astute in the audience may have figured this out. But apparently with Infor’s senior note exchange last year, it ended up as a public reporting, but not publicly held company. For the third quarter ended February 28, the company lost $72.8 million, up from the $29.1 million in red ink in last year’s corresponding period. Revenue for the most recently ended period was $663.4 million, up from $644.7 million.
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EDGEWATER SALES HOT, BUT ...
- Thursday, 02 May 2013
- News and Analysis
- Written by mark
Edgewater Technology, a Dynamics reseller, ended its first quarter with strong sales activity. But that was not enough to counter a slow start to the period. The company reported a loss of $889,000 for the three months ended March 31, compared to net income of $175,000 in last year’s corresponding period. Revenue fell to $23.5 million for the most recently ended three months, down 7.1 percent from $25.3 million a year earlier. And other metrics - service revenue, gross profit, utilization - were all down.
COLUMBUS REVS FLAT
- Wednesday, 01 May 2013
- News and Analysis
- Written by mark
Revenue for Columbus, the Danish Dynamics reseller, was about $40 million for the first quarter ended March 31, virtually unchanged from a year earlier. In this week's interim management report, the Copenhagen-based company said EBITDA was about $1.3 million, a 32-percent increase. Columbus said software revenue was on the same level as a year earlier, while a rise in income from consulting services helped produce the sharp improvement in EBITDA.
NETSUITE EXECS TAKE STOCK IN 2012: A LOT
- Tuesday, 30 April 2013
- News and Analysis
- Written by mark
Executives at the cloud-based company might have said that in 2012 “NetSuite has been very, very good to me.”NetSuite handed out generous stock awards and two of its leaders got 80-percent increases in total compensation over 2011. CEO Zach Nelson had $5.89 million in compensation for the most recently ended year, a 74-percent hike from the prior year. The bulk of that came from $4.29 million in stock awards, up from $1.82 million. Founder and chief technology officer Evan Goldberg hit $4.19 million in 2012 compensation, an 80-percent increase.
QLIK TECH LOSS JUMPS 75 PERCENT
- Friday, 26 April 2013
- News and Analysis
- Written by mark
Business intelligence specialist Qlik Technologies reported that its loss for the first quarter ended March 31 rose to $13.2 million, an increase of 75 percent from $7.5 million in last year's corresponding period. The loss would have been worse except that the company was able to recognize a $5 million tax benefit. Revenue for the most recently ended period was $96.5 million, a rise of 22 percent from $79.2 million a year earlier. America’s revenue grew by 29 percent.
NET@WORK BUYS HUCKSTEP
- Friday, 26 April 2013
- News and Analysis
- Written by mark
Sage reseller Net@Work has entered the nonprofit market with the acquisition of NFP specialist Huckstep & Associates. Based in Springfield, Mo., the latter firm was founded in 1994 by owner, Jeannie Huckstep, who will serve as Net@Work's nonprofit practice director. Terms were not disclosed. The reseller has more than 350 nonprofit and public sector agencies as clients. In last year's VAR Stars submission, Huckstep reported revenue of $1.45 million and a staff of nine.
NETSUITE REVS UP 32 PERCENT
- Thursday, 25 April 2013
- News and Analysis
- Written by mark
NetSuite revenue boomed for the first quarter ended March 31, hitting $91.6 million, up 32 percent from $69.3 million from the year-earlier period. And in this week’s earnings webcast, CEO Zach Nelson gushed that performance “exceeded our outlook on every measure”. The loss increased to $13 million from $7.7 million and non-GAAP earnings dropped to $2.8 million from $4.1 million for the San Mateo, Calif.-based cloud company. But Wall Street analysts were happy.
ACUMATICA INTROS EDUCATION EFFORT
- Thursday, 25 April 2013
- News and Analysis
- Written by mark
BLYTHECO WRITES SUGAR CONNECTOR
- Wednesday, 24 April 2013
- News and Analysis
- Written by mark
Blytheco has introduced the bly:Connector, a tool that integrates Sage 100 with SugarCRM. Blytheco, of course, is Sage’s top North America reseller that early last year got into the cloud, picking up both SugarCRM and the cloud. I don’t know if there’s anything to the timing that Sage sold off SalesLogix and Act and only has SageCRM left in that part of its product arsenal.
INSIDEVIEW NAMES MARKETING OFFICER
- Wednesday, 24 April 2013
- News and Analysis
- Written by mark
InsideView, which makes customer intelligence products for B2B marketing and sales, has named Brian Kelly as chief marketing officer. Before joining the San Francisco-based company, Kelly co-founded and was CEO of Stampt, which developed a mobile customer loyalty application. He was also previously CEO of Quantivo Corp. which provides cloud-based big-data analytics. Earlier this month, InsideView announced integration with SugarCRM 7, the latest product from the open source CRM company. InsideView has made a slight run at the midmarket accounting software channel. Last year, it signed Blytheco and BrainSell.
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