News and Analysis (15628)
XERO UPS U.S. PRESENCE
- Friday, 06 May 2011
- News and Analysis
- Written by mark
Xero, a New Zealand company, has taken steps to increase its visibility in the United States. The company, which makes online small business accounting software, said at a March investors day that it was relocating its chief technology officer, Craig Walker, to this country and that a “Xero beachhead” was being established in San Francisco. It also said there would be a strategic update this month. Read more...
CHANNEL BOOMS FOR NETSUITE
- Friday, 29 April 2011
- News and Analysis
- Written by mark
Channel sales have grown significantly over the last two years, NetSuite executives said in yesterday’s earnings call for the first quarter ended March 31. Channel bookings have grown from 23 percent of total bookings in 2009 to 32 percent in 2010 to 40 percent in the first quarter. That information was released as the company reported a 13-percent increase in its loss on a 20.7 percent increase in revenue compared to the first quarter of 2010.
BLOG: SAGE NEGLECTS CRM?
- Friday, 29 April 2011
- News and Analysis
- Written by mark
A blog posting by author Leon Tribe followed up on a post by another writer claiming that Sage had neglected the development of Act and SalesLogix since acquiring those products with the purchase of Interact Commerce in 2001. The blog was posted on the Microsoft Dynamics Community website this month. Sage’s response was not to comment directly on the claims, but to state that the information was incomplete and misleading.
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COLUMBUS IT NAMES CEO
- Friday, 29 April 2011
- News and Analysis
- Written by mark
Columbus It Partner the Dynamics reseller and software developer, has named Thomas Honore as of May 1. Honore was most recently VP and CEO of Oracle Denmark and had worked for that company since 2005. He replaces Claus E. Hansen, who held the post for four years. The company has made a lot of changes over the last few years and it didn’t hit me, until interviewing retail specialist AlfaPeople this month that Columbus IT had pulled out of reselling in several markets. AlfaPeople, which just entered the AX, had acquired the VAR operations in Germany, Latin America and other countries.
Read more...DYNAMICS REVS RISE 10 PERCENT
- Friday, 29 April 2011
- News and Analysis
- Written by mark
Microsoft says that Dynamics revenue rose by 10 percent for the third quarter ended March 31, and by 7 percent for the nine months. That’s all of the statistics reported for the Dynamics line, but it compares to the 21 percent increase in revenue for the Microsoft Business Divisions, which is responsible for Dynamics. MBD revenue hit $5.25 billion for the most recently ended period, compared to $4.34 billion a year earlier.
Read more...EPICOR REVS UP 13.1 PERCENT
- Friday, 29 April 2011
- News and Analysis
- Written by mark
Epicor’s loss rose to $1.8 million for the first quarter ended March 31, an increase from $32,000 in red ink in last year’s corresponding period. That came as revenue rose to $112.3 million for the most recently ended period, up from $99.3 million a year earlier. The report comes following Epicor’s recent agreement to be purchased by private equity firm, Apax Partners, which will merge the operations of Activant into Epicor.
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NELSON’S PAY UP 11.5 PERCENT
- Friday, 29 April 2011
- News and Analysis
- Written by mark
NetSuite CEO Zach Nelson received $3.61 million in compensation for 2010, an increase of 11.5 percent from the $3.24 million for 2009. The biggest change was the $577,127 he received in non-equity compensation, a 78-percent jump from $324,311 in that category a year earlier. However, the total was still down from the $4.35 million he received in 2008. Chief technology officer and founder Evan Goldberg got $2.53 million in 2010 compensation, a rise of 8.6 percent from $2.33 million the prior year.
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NETSUITE CEO TACKLES PRIVATE EQUITY
- Friday, 29 April 2011
- News and Analysis
- Written by mark
NetSuite CEO Zach Nelson, never shy about criticizing the competition, took a swing about the role of private equity in owning software companies. That follows news that Infor, which has gobbled up a lot of companies, has succeeded in its bid for Lawson Software and Epicor has agreed to its purchase by Apax Partners. Toss in Consona, which owns Made2Manage, and private equity has a big stake in this market.
Read more...SAP PROFITS UP 4 PERCENT
- Friday, 29 April 2011
- News and Analysis
- Written by mark
SAP turned in a 26-percent increase in revenue for the first quarter ended March 31, but Wall Street was disappointed as after-tax profit rose by only 4 percent. The giant German software company had after-profit income of about $598 million and revenue of about $4.48 billion. The most important driver of revenue growth was software revenue, which was up 24 percent on an IFRS basis, followed by support revenue, which was up 20 percent. Because of travel, I missed the earnings webcast and it has not yet been made available on the SAP website.
Read more...SUBSCRIPTION REVS DRIVE RADIANT
- Friday, 29 April 2011
- News and Analysis
- Written by mark
Radiant Systems, whose product line includes POS software, more than doubled its net income for the first quarter ended March 31 while revenue rose by 10 percent. Net income hit just under $6 million for the most recently ended quarter, compared to $2.6 million a year earlier. Revenue rose to $87.1 million, up from $79.5 million. Subscription revenue, which hit $11.7 million, was by far the strongest performer as it registered a 28 percent increase over the same quarter in 2010.
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