QAD took a currency hit in its maintenance and professional services revenue for the second quarter ended July 31. However, despite that, the company posted $1.6 million in net income, a rise of 66.6 percent from $985,000 in last year's corresponding quarter. Revenue fell to $71.3 million in the most recently ended quarter, down 2.4 percent from $73.1 million. Maintenance revenue fell to $71.3 million, a drop of 6.8 percent from a year earlier and professional services revenue fell 8.2 percent to $19.8 million from $21.5 million. "We continue to exceed our expectations, but currency muddies our results," CEO Karl Lopker said in a recent earnings webcast.

Intuit's form 10-K for the year ended July 31 show that its Quicken business was sinking badly. In announcing results for 2015, Intuit said it will divest Quicken, DemandForce and QuickBase. The SEC report, filed this week, shows Quicken, perhaps not surprisingly, was the weakest of the lot. Revenue for the most recently ended year was $51 million, down 48 percent from 2014. Revenue for 2013 was $99 million. The product line lost $136 million before taxes in 2015 ($140 million after), compared to pre-tax earnings of $57 million the prior year.

Results in North America from acquired operations exceeded the expectations of Australia based UXC. The company recently gave that description in the release of its first half ended June 30. Net income from continuing operations was about $5.5 million for the most recently ended half, an increase of 94 percent from the prior year. Revenue was about $230.2 million, an 86.9-percent rise from last year's corresponding period. The company' s UXC Eclipse division was said to have a very strong half with a solid contribution from Australia and New Zealand with growth in the North American market. The integration of the former Tectura North America late in 2013 has proceeded well, enabling Eclipse to take on larger and more complex Dynamics projects.