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SERENIC CHOPS LOSS

serenic navigatorIt seems appropriate to mention up front that Serenic signed Catapult ERP, a reseller based in western Canada as part of its channel this month. That's on top of three U.S. VARs picked up in April and some international ones last year.

The reason for mentioning it is that the nonprofit software company's license sales for the third quarter ended November 30 were up by 15.9 percent year-over-year as direct sales declined and international results were flat. But license sales from resellers were up. That helped Serenic cut its loss to $103,595 in the most recently ended period, compared to $326,629 a year earlier. Third-quarter revenue was $2.68 million up from $2.64 million. All figures are in Canadian dollars. Revenue from software maintenance was up 12.8 percent because of the addition of new clients and a high renewal rate. The company also boosted its sales staff with a new director of channel sales and a new HCM sales manager for North America, and a new sales representative based in Germany. The press release did not contain names and these hirings had not been previously revealed.

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