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EXACT SALES SLUGGISH
Exact, the Dutch parent of Macola software, reported decent growth in the bottom line as after-tax earnings grew to about $19.3 million for the half ended June 30, up 13.2 percent from last year’s total.
However, revenue grew only 1.8 percent to about $152.4 million on a like-for-like basis. The percentage represents the change in amounts as reported in euros. Because of the divestment of Siigo last year, overall revenue dropped by 5.2 percent to that same $152.4 million. Meanwhile, the company hammered out a transition plan as interim CEO Martijn Janmaat is leaving on September 1, after the year he said he would serve in the job. CFO Max Timmer will take over as interim CEO at that time if a replacement has not been found.
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