News and Analysis

News and Analysis (10325)

BLACKBAUD CLOSING DATA CENTERS

 Blackbaud has begun closing data centers as it shifts to third-party centers—AWS and Azure. As the company reported financial results for the second quarter ended June 30, it said the first center closed iuring the quarter.

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PROCORE FINANCING SUBS' SUPPLIES

Procore Technologies is conducting a materials financing program via which it purchases construction materials on behalf of subcontractors. The company this week said the program is designed to alleviate problems faced by subs, who typically must pay suppliers in 30 days but are often themselves paid in 120 days.

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COLUMBUS NAMES STRATEGY EXEC

 Denmark-based Dynamics reseller Columbus has hired Michaël Navon as global SVP of business line strategy and change. He is one of a number of changes in management personnel under CEO Søren Krogh Knudsen, who assumed the top job in June 2021.

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QBE VARS WIN REPRIEVE

Resellers handling QuickBooks Enterprise, Intuit’s desktop midmarket package, have been given a reprieve from a sudden change in requirements. A group of VARs, frustrated with a decision to immediately eliminate residual payments, won a nine-month extension after writing to Intuit’s board of directors.

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ACUMATICA CHANGES PRESSURE SMALL VARS

 In January, Acumatica said it was eliminating its Silver certification level, requiring all resellers to qualify for the Gold level. That requires increased training by, requiring them to achieve more badges.

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ZOHO MOVING INTO MID-MARKET


 Zoho will move into the mid-market, executives said at Zoho Day this week. Chief strategy officer, Vijay Sundaram noted that “Many of our products have reached the point where they appear to large customers.”

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IFS HALF REVS RISE 15 PERCENT

 Revenue for IFS rose 15 percent to roughly $362 million for the first half ended June 30. The Sweden-based software company touted the impact of the IFS Cloud, which was introduced in 2021.

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DYNAMICS GROWTH SLOWS TO 19%

Dynamics revenue growth by 19 percent for the fourth quarter June 30, up 12 percent in constant currency. Microsoft this week attributed the result to “lower-than-expected growth in new business even as our cloud growth continues to outpace the market.”

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CLOUD NOW SAP’S BIGGEST REV SOURCE

 Cloud revenue for SAP rose by 34 percent—24 percent in constant currency—to about $3.12 billion for the second quarter ended June 30. That represented an increasing portion of total revenue, which reached $7.69 billion for the most recently ended period, up 13 percent over a year ago, 5 percent in constant currency.

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PRODWARE 2Q REVS UP 12.4%

Revenue for France-based Prodware Group rose to roughly $42.2 million for the second quarter ended June 30, an increase of 12.4 percent. That meant the Sage and Dynamics reseller ended the first half with an increase of 6.9 percent, after a 2.4-percent rise in the first quarter.

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