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QAD SIZZLES WITH CLOUD
- Friday, 20 March 2015
Manufacturing software vendor QAD turned in its best fourth quarter and best year ever for the period ended December 31. Net income of $12.9 million for 2014 was double the prior year's earnings of $6.4 million. Revenue for the most recently ended year hit $295.1 million, an increase of 10.8 percent from $266.3 million. CEO Karl Lopker said QAD had five deals of more than $1 million in the fourth quarter, compared to one a year earlier and also added 10 cloud customers in 2014's final three months.
COLUMBUS REVS STALL, NET UP
- Friday, 20 March 2015
Danish reseller company Columbus managed a sharp increase in earnings on unchanged revenue for the year ended December 31. The net result for the year just ended was about $7.6 million, more than twice the total for 2013, while revenue was stagnant at roughly $126. The big problem last year was the United States business. North American revenue was down 14 percent to about $21.4 million. Headcount on the continent dropped to 119 for 2014 from 140.
CLOUD BLOG COMING
- Thursday, 19 March 2015
There have been many signs of the move to the cloud by Dynamics resellers. Last year, there was Collins Computing moving to Acumatica; last month, Socius picking up NetSuite. There have been enough movement by readers of www.erpsoftwareblog.com that its publishers are coming out with a cloud blog next month. Editor and blog co-founder Anya Ciecierski said that the decision was based on the fact that so many Dynamics resellers have taken on non-Microsoft products.
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