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BOOMING FOURTH QUARTER LIFTS PRODWARE Featured

ParisFrench reseller Prodware registered revenue growth of 4.9 percent for the year ended December 31. The Dynamics and Sage VAR closed 2018 with a 12.6-percent increase in revenue over 2017’s corresponding period, the company recently reported.

That followed a 1.7-percent dip in sales for the third quarter. Last year’s revenue was about $200 million with approximately $60 million coming in the last three months. Prodware does not publish earnings when it reports revenue. That will be reported later. Prodware said the late surge stemmed from a 45.9-percent rise in SaaS sales. There was also a rebound in Benelux, a 23.6-percent increase, pushed by the integration of the Dynamics business acquired from CTAC in the Netherlands. Revenue in the French-speaking zone in 2018 was down 9.6 percent to approximately $79 million because of a strong slowdown in North Africa  and tough economy in France in the fourth quarter. International sales reached $121 million, 60.6 percent of the company total.

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