There will be no newsletter on Friday, November 25, as readers grapple with digesting Thanksgiving dinner. Publication will resume on Friday, December 2, when the 2016 class of Bob Scott's VAR Stars will be announced. News will continue to be published to this website as warranted throughout this period.

Xero held its first half loss even at roughly $32 million for the first half ended September 30. Revenue for the New Zealand-based cloud software company rose to just under $100 million, up 48 percent from last year's corresponding period. Perhaps the most important numbers are the increase of subscribers since March 30.

Blackbaud has reported double-digit increases for both net income and revenue for the third quarter on September 30. CEO Mike Gianoni said during this week's earnings webcast it was a "solid third quarter, positioning us well to finish the year and achieve our 2016 financial guidance, which we updated to increase the cash flow component."