News and Analysis (15722)
SAGE FIRST HALF REBOUNDS
- Friday, 09 May 2014
- News and Analysis
- Written by mark
The Sage Group reported a before tax profit of about $278 million for the first half ended March 31. The compares to a loss of about $13.5 million for the first half of fiscal 2013. And in general everyone on the Sage earnings webcast this week sounded happy. Revenue hit roughly $1.1 billion. That was up 4.9 percent organically, but down 7 percent in historical terms. The company says the drop reflects the disposal products in March and April 2103. That would include SalesLogix, Act and the product now known as Abila MIP.
SAP PUTS BIZ ONE IN TOP HANDS
- Friday, 09 May 2014
- News and Analysis
- Written by mark
SAP has named Rodolpho Cardenuto as the head of a new global partner operations organization. This group was formed in the office of the co-CEO so SAP is putting all its corporate weight behind it. The GPO will also manage Business One, the OEM business and overall strategic partnerships. Including Biz One is very interesting because that signals the need to put the full force of higher management behind it for whatever reason.
XERO ALLIES WITH BLOCK
- Friday, 09 May 2014
- News and Analysis
- Written by mark
Cloud software vendor Xero has entered an alliance with tax chain, H&R Block. But as important as the alliance is for Xero it hints at a trend in which SaaS accounting vendors seek to separate themselves from the crowd. To compete with QuickBooks Online, they need resources. The first move in this area came when Paychex agreed to market Kashoo's accounting software product.
PAYMENTS—MAJOR BLACKBAUD INITIATIVE
- Friday, 09 May 2014
- News and Analysis
- Written by mark
Nonprofit vendor Blackbaud started delivering the message in its first-quarter results that payments is one of its big initiatives for the year. That came across with increasing strength during presentations by the company's executives at the recent Jefferies 2014 Global Technology, Media and Telecom conference "Our payments is not integrated with all our platforms, but it will be," said CEO Mike Gianoni.
EPICOR SLASHES SECOND-QUARTER LOSS
- Thursday, 08 May 2014
- News and Analysis
- Written by mark
Epicor Software cut its loss for the second quarter ended March 31 to $3.3 million from $12.8 million in last year's corresponding quarter. The company this week reported second-quarter revenue of $242.8 million for the most recently ended period, up 1.8 percent from $238.6 million a year earlier. The revenue side seems a bit anemic, but the company bumped up operating profits by reducing operating expenses by $5 million, combined with increased sales.
SAGE'S BERRUYER TO RETIRE
- Thursday, 08 May 2014
- News and Analysis
- Written by mark
Sage Chief Executive Guy Berruyer intends to retire from his job within the next year. Berruyer, who has been with the company for 17 years, wishes to retire "as Chief Executive and from executive life no later than 31 March 2015." Berruyer took over the job four years ago from long time chief executive Paul Walker. This looks like a real retirement, not a pursuing other interests kind. Berruyer notes that "at 63 years old I still have many things I want to achieve besides my executive career".
EXACT HAPPY WITH AMERICAS RESULTS
- Thursday, 08 May 2014
- News and Analysis
- Written by mark
Factor out some elements and the performance of Exact's Specialized Solutions, which includes five product lines, pleased the company for the first quarter ended March 31. On the surface, revenue was off by 4.3 percent, but the company noted that stemmed from the weakness in the U.S. dollar and also reflected a drop in revenue from Lohn which had some P&L numbers transferred to Exact's Business Solutions division.
EPICOR BEING PUT ON BLOCK?
- Wednesday, 07 May 2014
- News and Analysis
- Written by mark
There's no surprise in the report of the Wall Street Journal that Apax Partners wants to sell Epicor for between $2.5 billion and $3.5 billion. A lot of us expected this when the company named Joseph Cowan as CEO in October, in a surprise replacement of Pervez Quereshi. Cowan's resume shows a long streak of short-term jobs as CEO of companies that were sold. Somebody commented about whether his move of company HQ from California to Austin, Texas, possibly had implications for potential buyers.
SAGE'S PIETERICK GOES TO NETSUITE
- Tuesday, 06 May 2014
- News and Analysis
- Written by mark
Brent Pieterick, a Sage and Microsoft veteran, has taken the job of channel sales director for NetSuite. Pieterick made the move in April after working for Sage since February 2010. He was most recently senior director for X3 channel and distribution, a position he had held with Sage since July. X3, of course, is Sage's hottest product and a key to its future, but obviously not Pieterick's. Before coming to Sage he was VP of sales and marketing for Tectura from March 2008 to December 2009.
RANDOM THOUGHTS: ROB FORD
- Friday, 02 May 2014
- News and Analysis
- Written by PMG Admin
There has been a lot of news about a town worried about that a large, beached animal may explode. "You mean the dead blue whale in California?" I was asked. "No, Toronto mayor Rob Ford." ... Political advisors have determine the best way to keep Ford from embarrassing statements is to have rocker Ozzy Osbourne give him elocution lessons. That way Ford can continue make gaffs, but no one will understand him. ... It is widely believed by scientists, because they play such an important role in our society, if the Kardashians did not exist, we would have to invent them.
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