Instead, the company commented that the rise was "primarily due to an increase in sales of our accounting software products, such as Sage ERP X3, cloud solutions NetSuite and Acumatica, and Accellos Warehouse Management." Factors cited include "continued successful sales and marketing efforts and very competitive pricing, and the Company's strategy to increase its business by seeking additional opportunities through potential acquisitions, partnerships or investments."
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SWK'S PRODUCT REVENUE BOOMS Featured
Results for SilverSun Technologies, parent of Sage reseller SWK Technologies, were strong for the first quarter ended March 31. Net income reached $521,165 for the most recently ended period, most than four times the $120,741 the prior year. Revenue grew to $6.5 million, an increase of 31.6 percent from $4.9 million last year's corresponding period. A big portion of the revenue growth was $1.4 million in software revenue, up 126.7 percent from almost $610,00 a year earlier. SWK comprises all of SilverSun's operation. However, the parent of the Livingston, N.J.-based VAR did not single out performance of a specific product.
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