News and Analysis

News and Analysis (15628)

NO NEWSLETTER SEPTEMBER 1

There will be no Bob Scott's Insights newsletter on September 1. Regularly scheduled deliveries begin on September 8, unless those North Korean missiles miss Guam by thousands of miles and then all bets are off.

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INTUIT PICKS INCOMING CFO

Michelle Clatterbuck, IntuitIntuit has named Michelle Clatterbuck to take over the role of CFO on February 1. She will take over with the retirement of Neil Williams, who has held the job since joining Intuit in January 2008.

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MID-MARKET SALES BOOST MYOB

Tim Reed, MYOBMYOB reported a 13-percent increase in net profit on a 14-percent rise in revenue for the half ended June 30. The Australia-based software company reported the numbers this week in an earnings webcast.

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COLUMBUS ADJUSTING U.S. OPS

Thomas Honoré, ColumbusDenmark-based Columbus said it is integrating SMB and enterprise operations in the United States ahead of schedule because of results for the half ended June 30. The reselling and software development company did not spell out what that meant during this week's webcast.

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INTUIT TO ADD 1M QBO SUBS

Brad Smith, IntuitIntuit says it will add at least 1 million QuickBooks Online users by the time the fiscal year ends on July 31. That means an increase of more subscribers than rival Xero has accumulated over its lifetime. Intuit expects to reach hit 3,275,000 to 3,375,000 subscribers in the current fiscal year.

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FINANCIALFORCE SELECTS CFO

Gordy Books, FinancialForceFinancialForce has named Gordy Brooks as CFO. The San Francisco, Calif.-based cloud software company says Brooks replaces John Bonney, who joined the company in September 2014. Brooks was CFO designate at Citrix GetGo from May 2016 through January 2017, and CFO at Aerohive Networks from January 2013 through September 2015.

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SAGE STRATEGY TALK ON TAP

Nancy Harris, SageSage North America is holding a call with the media on Monday. Called a quarterly press call, the talk is designed to cover "Sage North America strategy, areas of focus and what to look forward to in the new year." That is a step in the right direction.

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ACUMATICA READIES PRODUCT LAUNCH

Ali Jani, AcumaticaAcumatica has scheduled a September 13 launch date for the 2017 R2 version of its software. The company is holding the event in Cambridge, Mass., which will start a multi-city road show for featuring the product.

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QBES GROWING REVS, SHARE

Brad Smith, IntuitIntuit says QuickBooks Enterprise Solution continues to grow. The company did not provide  numbers, but CEO Brad Smith said during this week's earnings webcast for the year ended July 30 the desktop product is growing customers, market share and revenue.

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RANDOM THOUGHTS: VAN GOGH

Vincent Van GoghA drunken woman in St. Augustine, Fla., was arrested for biting a fisherman's line. He said it took her 40 minutes to tire and he nearly lost her. .... It's an ill wind. The removal and toppling of Confederate statues is creating unforeseen opportunities.

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