And the overall line up in financial software marks UXC as a key player in the major growth companies in this market. Its UXC Eclipse subsidiary, which acquired Tectura, purchased the former Cole Systems in December 2012, setting the stage for expansion in this country. Before the Tectura deal, Eclipse said it had $85 million in revenue. That compares to about $525 million for the Australian company worldwide for the year ended June 30, up 6.1 percent from the prior year. UXC Ltd. also had $20.4 million in net profit after tax. The company's net margin of 3.8 percent is probably the best metric here. UXC has organized product efforts with individual company lines into separate units so Eclipse is all about AX. Tectura, by the way, also carries GP and NAV. The various units and their product lines are the following (all normally preceded by the letters, UXC): Red Rock, Oracle; Oxygen, SAP; and Cloud Solutions, NetSuite.
Estimated reading time: 1 minute, 7 seconds
UXC TARGETED AX GROWTH IN U.S. Featured
The message was not made in its statement about acquisition of the Tectura's North American business. But UCX Ltd. said in its 2013 annual report that market was one of its prime areas. "High market growth of Microsoft Dynamics AX in the North American and US market presents an opportunity for increased growth within a sector in which we have strong Global leadership," managing director Cris Nicolli wrote in the document on August 22.
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