Increased revenue in Western Europe bailed out the Copenhagen, Denmark-based reseller and software developer reported a 69-percent increase in EBITDA and 2-percent rise in revenue worldwide for the period. North American EBITDA for the most recently ended period was about $211,000 revenue was roughly $7.3 million. Company-wide EBITDA was about $7.8 million, with revenue about $38.5 million. Columbus continued to emphasize sales of its own products with revenue from that category reaching about 15 percent of the total. It also is concentrating on key industries and revenue from those segments—retail, manufacturing, food—now account for 75 percent of the business. Manufacturing is by far the biggest source of sales, bringing in 34 percent of all revenue. The best sellers from the Columbus software lineup for the first quarter were Advanced Discrete Manufacturing, the Business Integration and RapidValue.
COLUMBUS AMERICAN RESULTS OFF Featured
A weak pipeline in the United States hurt Columbus in the first quarter ended March 31 and drug down North American results. "We did not close enough deals in Q4 and it impacted us in Q1," CEO Thomas Honoré said during this week's earnings webcast in describing the problems in this country. No other details about the pipeline shortage were discussed. The company reported North American revenue dropped by 15.3 percent for the first quarter ended March 31, while EBIDTA for the continent fell 78 percent from last year's corresponding period.
