Revenue for the third quarter was roughly $43.3 million, up 6.8 percent from a year earlier, and 9.7 percent in constant currencies. This difference probably reflects the strength of the dollar during the period. I say probably as the press release was issued in French and if you select English as the language on the Prodware website, the earnings release is not available. For the half, it took several weeks to have an English version available, apparently with the release of the bottom line numbers, which are not part of the third-quarter announcement. Prodware said growth came from Great Britain, Spain and Israel. The shaky English from a Google translation seems to indicate the Benelux countries had a weak period while in clearer language it says "Germany must continue to evolve its product mix." For the nine months, revenue stood at approximately $156.9 million, an increase of 4.5 percent from a year earlier.
SUBSCRIPTIONS DRIVE PRODWARE GROWTH Featured
An increase in subscription revenue of 56.3 for the nine months ended September 30, drove growth at the Prodware Group, a Dynamics reseller based in France. The company says that means subscription revenue hit 7.7 percent of revenue, compared to 5.1 percent in last year's corresponding period. Prodware operates in France, Great Britain, Spain, Germany and Israel.
