But CEO Søren Krogh Knudsen said during the week’s earnings webcast the increase was “mainly driven by currency advantage we do not consider we have solid organic growth.” Denmark-based Columbus has changed its reporting methods for countries. Instead of breaking out total revenue, it reported services revenue for the country businesses, Services revenue for the United States was about $2.9 million for the most recently ended quarter, an increase of 6.8 percent. Product sales were aggregated together at approximately $5.6 million, down 28.9 percent from last year’s corresponding period. Columbus also realigned reporting for products into two segments with revenue for Dynamics increasing 7.4 percent to about $20.1. Revenue for M3 was roughly $24.1 million, an increase of 9.7 percent. Company revenue rose approximately to 6.7 percent to $46.5 million.
Estimated reading time: 0 minutes, 42 seconds
COLUMBUS U.S 3Q BIZ: SO-SO Featured
The United States business of reseller Columbus reported a 7-percent rise in revenue for the third quarter ended Sept. 30.