That left North American sales at roughly $25.3 million for the most recently ended half. A big culprit was North American services revenue which fell 47.6 percent from last year’s first half to $16 million. CEO Thomas Honoré said during the webcast. He also noted, “We expect to see declining revenue in the second half of the year.” The recovery, he continued “will take longer than first expected." The U.S. woes have been going on for two years and during much of the last year, revenue from this country was down more than 20 percent per quarter. Company after-tax profit fell to approximately $5.7 million, off 24.6 percent. Revenue was virtually unchanged at $145.1 million—the company pointed to a 2-percent rise in organic revenue. Columbus was hit with a 50.8-percent drop in license sales for Columbus’ own software to about $1.3 million and a 3.7-percent decline in Columbus subscriptions. Also, “cloud sales are growing slower than expected,” Honoré said. Columbus Cloud revenue rose 43.5 percent to about $1.5 million. With North American services off, company-wide services revenue was flat at approximately $16.6 million.
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COLUMBUS’ U.S. WOES CONTINUE Featured
A 13.7-percent drop in North American revenue (largely in the United States) pulled down results for Columbus for the first half ended June 30. In this week’s earnings webcast, executives of the Denmark-based reseller and developer said the total was off 20 percent in local currency.
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