ACTIVANT DOES GREAT, CONSIDERING

Given the fact that its major markets include automotive and lumber, the results for Activant’s quarter ended December 31 are fairly remarkable as the company ended the period with revenue of $91.6 million, down 4.8 percent from $97.3 million for the year-earlier quarter. The specialized ERP vendor also posted net income of $ 4.5 million, a swing from a loss of $24.8 million in last year’s corresponding period, although there was a major downer a year ago with the recording of a $25 million charge for impaired good will. Read more...

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