News and Analysis

News and Analysis (15628)

SAP: THE SOUND OF SILENCE

Grant Fraser, Navigator Business SolutionsLate in February 2011, SAP began its 2011 Partner Summit. A couple of weeks ago, I asked a company PR representative what plans were for this year and told it was in the works. Well, some of the things that happened at the Summit, such as the naming of top VARs, happened in January at the SAP North American Field Kick Off Meeting.

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ONLINE SALES LIFT INTUIT RESULTS

Brad Smith, IntuitIntuit achieved more than $1 billion in revenue for its second quarter for the first time as sales of TurboTax Web and QuickBooks Online grew at rapid rates. Net income for the quarter ended January 31 was $118 million, a 61.6-percent increase from $73 million a year earlier. Second-quarter revenue of just over $1 billion was up 16 percent from the $878 million posted in the second quarter of fiscal 2011.

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CONVIO REVS UP ON EVE OF BLACKBAUD DEAL

convio_logoConvio, which is soon going to be part of Blackbaud, registered a sharp increase in net income for the fourth quarter and year ended December 31 as revenue for the periods went up by double digits. Fourth quarter net income was $12.5 million, a big jump from $65,000 in last year’s corresponding period.

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MORK GETS NEW MCGLADREY JOB

Stan Mork, McGladrey & PullenMcGladrey & Pullen has named Stan Mork to the newly created position of national IT transaction advisory services leader. Mork will focus on the sale and delivery of IT due diligence and related technology services for private equity firms and other strategic buyers. His team will provide transaction services to help clients grow and streamline their operations, working closely with the firm's financial and tax transaction advisory teams. Mork has been at McGladrey since February 1984 and was previously managing director of technology services. Read more...

INTUIT'S QBES ROLLS ON

Jim Chidester, IntacctThe customer base for Intuit's QuickBooks Enterprise Solutions kept growing during the second quarter ended January 31. The number of active users hit 62,000 at the end of the quarter, up 21.6 percent from 51,000 for last year's corresponding period. The second-quarter total was also up from 60,000 users at the end of the first quarter. Read more...

BLACKBAUD SPENDING ON CRM FIXES

Marc Chardon, BlackbaudBlackbaud closed out 2011 pleased with the installations of its CRM product. But it also decided to take a special charge “to bring four CRM implementations to a successful completion,” CEO Marc Chardon said in this week’s earnings conference call. However, the company was happy with 23 sales wins for the year with 28 customers now live.
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EPICOR’S ERP REVS UP 6.4 PERCENT

Pervez Qureshi, EpicorEpicor Software reported revenue rose to $133.4 million for the first quarter ended December 31 while its retail revenue dropped. That ERP figure was out of a total of $209.4 million, up from $89.8 million a year earlier. The basic financial reports are a tough read in the usual analytical terms since the year-ago comparison are for Epicor before it was melded with Activant under the Epicor name. Read more...

SAP AND GOOGLE COLLABORATE

SAP is announcing the availability of two out of three cloud-based initiatives that were launched by Google and SAP last year. These include a cloud application, SnapEdge Live Chat that was developed on the Google App Engine and integrated into Business ByDesign. Live Chat is available on the SAP store. ByD also got Android Support as SAP also released its player for Android-based devices on the Android app Store. The cloud-based application also had mobile functionality for iOS devices, Blackberry and Windows phones.

 

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EXACT RESULTS FALL ON COUNTRY EXITS

exact new logoExact ended 2011 with a 5.5-percent drop in revenue because of the company’s closure of operations in several countries last year and divestment of its Sligo subsidiary in 2010. Net profit dropped to about $19.3 million, off by 55.7 percent from 2010. The bottom line was impacted by an impairment charge of about $24 million for its Longview operations.

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FISHBOWL OFFERS CLOUD CONTACT MANAGER

Fishbowl Inventory has debuted a web-based CRM product, the Pipeline Contact Manager. The Salt Lake City, Utah-based software publisher says the product is available at pre-release pricing for a limited time. Pipeline is integrated with Fishbowl Inventory 2012. Pipeline features include lead tracking, task and opportunity tracking and custom fields.

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