News and Analysis (15670)
VERTEX SPENDING CUTS 1Q NET
- Friday, 13 May 2022
- News and Analysis
- Written by BobWScott
Vertex is growing its employee base, which contributed to a drop in net income for the first quarter ended March 31.
XERO 2022 SUBS GROW 19 PERCENT
- Thursday, 12 May 2022
- News and Analysis
- Written by BobWScott
Cloud software vendor Xero closed its year on March 31 with 3.27 million subscribers, an increase of 19 percent from the total at the end of fiscal 2021, it said this week.
SERVICES REV DROP DENTS SILVERSUN 1Q
- Thursday, 12 May 2022
- News and Analysis
- Written by BobWScott
SilverSun Technologies, parent of reseller SWK Technologies, saw 30.3-percent increase in product sales offset by a 5.2-percent drop in services revenue for the first quarter ended March 31.
AVIDX SEES GROWTH ACROSS VERTICALS
- Wednesday, 11 May 2022
- News and Analysis
- Written by BobWScott
AvidXchange reported customer demands was broad-based across the vertical markets in which it operates for the firt quarter ended March 31. The payments software company said during its recent earnings webcast that even two verticals hit hard by the pandemic—construction and Homeowner Association management—have bounced back.
BILL.COM 1Q SOARS ON M&A
- Wednesday, 11 May 2022
- News and Analysis
- Written by BobWScott
T
he acquisitions of Divvy and Invoice2Go dramatically increased revenue for Bill.com for the first quarter ended March 31. The GAAP loss was up sharply while revenue rose by 152 percent over last year’s corresponding period with organic core revenue up 78 percent.
2020 RANSOMWARE COSTING B'BAUD
- Wednesday, 11 May 2022
- News and Analysis
- Written by BobWScott
Blackbaud expects to pay $25 million to $35 million for costs stemming from a May 2020 ransomware attack. The nonprofit software company, which paid the ransom, faces hundreds of customers claims and 19 consumer class action cases in courts in the United States and Canada.
AVIDXCHANGE FIXING INTERNAL CONTROLS
- Wednesday, 11 May 2022
- News and Analysis
- Written by BobWScott
Payments software vendor AvidXchange is beefing up its accounting resources to develop more effective controls and procedures for financial reporting. In its Form 10-Q for the first quarter ended March 31, the company said its executives conclude more work was needed, but also concluded the report conformed to U.S. GAAP.
2021 COSTS DENT B'BAUD’S FIRST QUARTER
- Friday, 06 May 2022
- News and Analysis
- Written by BobWScott
Costs pushed into 2022 from last year contributed to a drop in non-GAAP earnings for Blackbaud. The nonprofit software vendor has reported a GAAP loss of $10.4 million for the first quarter ended March 31, compared to $164,000 in earnings for last year’s corresponding period.
REPAY SALARIES UP IN 2021
- Friday, 06 May 2022
- News and Analysis
- Written by BobWScott
Repay gave four of its named executives double-digit increases in compensation for the year ended December. That included a 22.8-percent increase for John Morris, CEO of the payments software company.
PROCORE HIKED Q1 SPENDING
- Thursday, 05 May 2022
- News and Analysis
- Written by BobWScott
Procore Technologies reported a 40-percent rise in revenue for the first quarter ended March 31. But an 85.4-percent in increase in operating expenses helped contribute to a fivefold increase in the loss for the period.
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