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PRODWARE SALES OFF 4.4 PERCENT Featured

ProdwareFrance-based reseller Prodware reported a 4.4-percent decline in revenue for the third quarter ended September 30. Revenue reached about $34.4 million in the most recently ended. The VAR markets Dynamics AX/NAV/365 and CRM. Given the declines, Prodware is in the middle of a change. In its earnings report, the company said it "is continuing its transformation plan initiated during this period, with a focus on shifting its offering towards digital, recurrence and the market's most profitable segments." Prodware sells Dynamics in EMEA and Sage software in French-speaking countries." One factor in declining revenue was the switch to revenue from SaaS subscriptions, which produce less income initially than do license sales, but bring in revenue over three to five years. Revenue for nine months was about $124.2 million with about $14.8 million coming from SaaS, up about 43.3 percent from the corresponding period a year earlier. Also taking a toll was business in France. On a comparable basis, sales in the French-speaking region dropped to approximately $63.1 million, a decline of 7.6 percent from a year earlier. The company will report earnings later.

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