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COLUMBUS U.S. REVS DOWN AGAIN Featured

Columbus was not expecting a recovery soon for its troubled operations in the United States. It didn’t get it as North American sales (essentially the U.S) dropped to about $10.4 million, an 8.5-percent decline for the first quarter ended March 31.

Columbus may have had more detail on U.S. operations but the replay of the earnings webcast appears to have the wrong link the website of the Denmark-based reseller and developer. But that’s better than the 12.8-percent decline on this continent the company reported for 2019. Because of the pandemic’s impact on business, Columbus decided not to release a forecast for 2020. Columbus revenue of approximately $75 million for the most recently ended quarter was 6-percent higher than a year earlier. Excluding operations of Advania Business Solution, a Norwegian company acquired during the quarter, income was up 2 percent. Results reflect the continued switch from desktop to cloud computing with revenue for Columbus Cloud products growing by 39 percent while Columbus software license sales dropping by 23 percent. The result was Columbus Software revenue was flat at approximately $3.2 million. Maintenance revenue dropped by 6 percent, which is typical of the experience companies have reported as the cloud migration goes on. Services, which represent the overwhelming sources of revenue, were about $84.million for the recently ended quarter, up 4.4 percent from a year earlier.

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