News and Analysis

News and Analysis (15669)

COLUMBUS US GROWTH MODEST

 Revenue for reseller Columbus in the United States rose by 5.7 percent, 6.4 percent in constant currency for the second quarter ended June 30.

The Denmark-based company said U.S. revenue hit approximately $2.9 million for the quarter. That was two straight quarters of revenue growth, which has not happened often for the Columbus business in this country. The company lost about $4.5 million after tax in the most recently ended quarter, compared to net income of about $189,000 at current currency exchange rates. Second-quarter revenue reached approximately $56.6 million, 11.2--percent growth over a year ago, up 19.4 percent in constant currencies. Revenue for the United Kingdom rose by 41.9 percent, 46.5 percent in constant currency. Worldwide  .Dynamics revenue reached roughly $27.7 million, an increase of 7.9 percent year-over-yearDenmark was up 37.2 percent, 37.3 percent in constant currency. Denmark’s results were impacted by the purchase of ICY Security. Revenue for Norway dipped by 14.8 percent, rising 1.4 percent in constant currency. Executives said the results reflected a slowing Norwegian economy and all took a hit on currency exchange.

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XERO HIRES SALES HEAD

 Xero has named Ashley Grech as chief revenue officer. It is a newly created role for Grech, who will be responsible for all go-to-market functions including global sales operations, regional managing directors and leadership, customer experience, ecosystem and partnerships and revenue operations.

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BILL REVS TOP $1 BILLION

 Revenue for payments software company Bill passed the $1 billion mark for annual revenue for the first time.

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QB LEADER TO HEAD PAYPAL

 Alex Chriss, who heads Intuit’s QuickBooks business, will become CEO of PayPal on September 27.

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ENAVATE RAMPS UP BC/GP SUPPORT

Enavate has nearly doubled the number of persons employed in its Dynamics GP/BC support operations.

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SYSPRO’S GOODMAN LEAVES

 

Brian Goodman, chief services officer for Syspro US, has left the software company to take a new job. 

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REPAY BIZ PAYMENTS REVS DOWN

 Payments company Repay was happy enough with results to raise its guidance for 2023 as it reported earnings for the second quarter ended June 30.

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STORDAHL JOINS SCALENORTH

Darren Stordahl has joined NetSuite reseller ScaleNorth as VP of market growth and strategy. Stordahl was most recently VP of sales and marketing for Western Computer, based in Oxnard, Calif.  

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CANADA REVS DAMPEN ALITHYA

A 2-percent decline in Canadian revenue held Dynamics reseller Alithya to a 3-percent rise in overall revenue for the first quarter ended June 30. 

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RKL BUYS CPA TECHNOLOGY

 RKL eSolutions, has acquired Philadelphia, Pa.-based CPA Technology. RKL said the deal will expand its technology lineup in the construction and real-estate development industries.

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