News and Analysis

News and Analysis (15711)

QAD SUBS UP, OTHER SOURCES DOWN

QAD lost nearly $16 million for the year ended January 31, compared to net income of net income from $10.4 million for the prior year. That stemmed from a sharp rise in cloud revenue while license, professional services and maintenance revenue dropped.

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F-FORCE NAMES LEGAL HEAD

FinancialForce has named Melissa Frugé as Chief Legal Officer this month. In the role, she is responsible for managing the company’s global legal matters.

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FAYE TOPS SUGARCRM CHANNEL

Faye Business Systems Group has been named 2019 Global Reseller of the Year by SugarCRM. Faye is also a major publisher of companion software products for Sugar.

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AVALARA POSTPONES; EPICOR, QAD CANCEL

Avalara has joined other companies in postponing its annual Crush conference. Meanwhile, QAD has dropped its annual Expore conference as the coronavirus continues to take its toll on daily life.

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GLOBAL EXPANSION HELPS RIMINI

Expansion and an investment in global sales helped Rimini Street to record revenue for the fourth quarter ended year ended December 31. Rimini provides third-party support for Oracle and SAP software and the company is a Salesforce partner.

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ORACLE ERP BIZ STRONG

Oracle’s Fusion ERP and NetSuite business remained strong for the third quarter ended February 29. In its earnings webcast this week, Oracle said NetSuite revenue was up 26 percent year-over-year.

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SAP OFFERS PANDEMIC SPECIALS

SAP is providing free access to SAP Arriba Discovery and its Concur Tripit app in response to the coronavirus pandemic. It is offering free 90-day access to Discovery for any buyer or supplier.

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SAGE, EPICOR, AVALARA HANG IN—FOR NOW

Sage, Epicor and Avalara continue with plans to hold their upcoming conferences. The companies said on their web pages this week that they intend to go ahead with the irscheduled events for May. 

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PRODWARE REPORTS THIN OPERATING INCOME

Sage and Dynamics reseller Prodware had a robust bottom line for 2019. But operating income of about $21.3 million, showed an increase of .3 percent over 2018.

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ORACLE, NETSUITE POSTPONE SHOWS

The coronavirus is taking its toll on conference. Oracle has canceled its Modern Business Experience conference that cheduled for March 23 through 25 in Chicago. NetSuite's SuiteWorld has been rescheduled to August 10 to 13 , still in Las Vegas.

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