mark
BMI SPURS COLUMBUS GROWTH
- Friday, 21 August 2015
A couple of months ago, I had an involved conversation with someone from Columbus, the Danish Dynamics reseller, about the impact of Interdyn BMI on the company's financials. This week's webcast of results left no doubt. CEO Thomas Honorè pointed to areas in which Minneapolis-based BMI, purchased by Columbus in February, was a major factor. A 15-percent increase in consulting revenue was "largely driven by Interdyn BMI in the U.S.," he said. Overall, Columbus had net profit after tax of about $3.9 million, an increase of 47.9 percent from the first half of 2014.
INTUIT SELLING QUICKEN, Q-BASE, D-FORCE
- Thursday, 20 August 2015
Intuit plans to divest the product that gave birth to the company, Quicken. The company revealed its plans in this week's fiscal 2015 conference call in which CEO Brad Smith said Intuit will also sell Demandforce and QuickBase. "Quicken is a strong, healthy business and remains America's No.1 personal finance software," Smith said. But he noted it is a desktop package "that does not strengthen the small business or tax ecosystems." Intuit displays the kitchen table at which Scott Cook conceived the first thought that led to Quicken after his wife complained about trying to balance her checkbook. I wonder if the buyer has to take it. (Just kidding.)
SERVICE REVENUE LIFTS SWK
- Thursday, 20 August 2015
Despite a 3-percent drop in product income, SilverSun Technologies reported a 12.9-percent increase in revenue for the second quarter ended June 30. Revenue for the parent of SWK Technologies was $5.9 million in the most recently ended quarter, compared to $5.3 million a year earlier. The top line got the lift from service revenue which rose to slight more than $5 million, up 16.9 percent from $4.3 million in last year's corresponding period. Net income for the second quarter was $44,60, down 25.5 percent from $59.9 million in the prior year.
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