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XERO REPORTS FIRST EBITDA

Steve Vamos, XeroXero recorded its first positive EBITDA ever for the year ended March 31, about $18 million. The New Zealand-based cloud software company also slashed its net loss to roughly $19.3 million for fiscal 2018, 60-percent lower than the red ink in 2017.

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SAP MAKES ANOTHER BYD RUN

Ronald Rand, the Rand GroupLast year, a sign at SAP’s Sapphire conference declared the often-ridiculed Business ByDesign alive and kicking. Despite a shortage of publicly released info, ByD does seem to have experienced a sudden attack of health.

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INFOR CO-PRESIDENT ANGOVE EXITS

Duncan Algove, InforDuncan Angove, who has served as president of Infor, has left the software company. Infor said in a filing this week with the SEC the executive left on May 4. The reason given was the classic pursuing other opportunities.

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