Prodware released revenue for the year in February—the separate reporting is normal practice. Prodware reported revenue of about $200 million last year, a rise of 4.9 percent from 2017. It had a 12.6-percent increase for the fourth quarter. The bottom line benefited from last year's disposal of non-core businesses, which the company said saved it about $2.8 million in expenses associated with that operation. Around $3 million was deducted for the reversal of 2017 litigation provisions. Roughly $3.8 million was lost to charges related to the August refinancing of Prodware's mid- and long-term debt.Last modified on Friday, 15 March 2019
PRODWARE NET OFF SHARPLY Featured
The Prodware Group saw net income for 2018 drop by 21.2 percent from results for 2017. The France-based Dynamics and Sage reseller reported profit of about $10.3 million for the year ended December 31.