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PRODWARE REVS UP 16.8 PERCENT Featured

Revenue for France-based reseller, Prodware, reached about $36 million for the third quarter ended September 30, an increase of 16.8 percent over a year ago. Prodware, which sells Dynamics and Sage ERP products, operates in France and French-speaking areas of Africa, along with Germany and Spain.

The company’s statement reported a good performance despite tightening economic conditions, but did not address performance in any of its markets. The company also release earnings for the half ended June 30. Prodware had net income of roughly $4 million compared to a loss of about $6.2 million in last year’s corresponding period. There is typically a lag between ProdWare’s report of revenue and earnings. First-half revenue was approximately $80 million, up 7.3 percent over a year ago. Nine-month revenue was roughly $122 million, rising 9.9 percent. SaaS sales grew by 16.2 percent, representing 26.3 percent of revenue.

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