News and Analysis

News and Analysis (15710)

INFOR TO HIKE R&D SPENDING

Charles Phillips, InforInfor executives ended fiscal 2013 very happy with their new product direction and promising to spend more on their software lines. That comment should address concerns I've heard that Infor is just mining the companies it bought. Still the company has a lot of work to do as interest expense remains a drag on earnings, although it has been refinancing and cutting that cost.

Read more...

SERENIC SLUMPS IN Q1

Serenic logoSerenic's loss grew by 76.4 percent on an 11.7-percent slide in revenue for the first quarter ended May 31. The Canada-based company said as a result it had re-organized its marketing department, hiked fees for support for customers who purchase its products directly and hired a new product manager for its human capital management products.

Read more...

NO ISSUE, AUGUST 2

Bob ScottBob Scott's Insights is published 48 times a year. Friday, August 2, is not one of those days. The wife and I will be in Alaska, somewhere down near Seward as the trip winds up next Friday. So unless there's really good Wi-Fi in Denali, the Kenai Peninsula and points in between, it is very unlikely that emails will be answered. The regular schedule will resume on August 9 as we head into a new round of conferences in August and September, including Acumatica, the Midwest Accounting Show, an Intuit get together and AccountMate roundtables.

Read more...

THE USUAL: NETSUITE REVS, LOSS UP

Zach Nelson, NetSuiteThe standard NetSuite financial report was issued for the second quarter ended June 30. The net loss was $20.4 million, more than double the $9.9 red ink in last year's corresponding period. Revenue reached $101 million, up 35 percent from $74.7 million a year ago. However, like the first quarter and unlike what has happened for a couple of years, non-GAAP earnings fell, instead of rising.

Read more...

INTUIT EXECS GET BONUSES

 Brad Smith, IntuitIntuit's top executives have been given executives, something that most have not seen in three years. Both CEO Brad Smith and CFO Neil Williams received bonuses for the year ended July 30. Neither received bonuses in fiscal 2011 or 2012. Smith got a bonus of $1.12 million while his base salary moved to $1 million for the current fiscal year.

Read more...

ACCOUNTING FIRMS SCORE WITH INTACCT

Rick Sommer, Intellitec SolutionsAccounting firms in the channel fared well with this year's selection of the Intacct's Presidents' Club. Three of the eight firms selected were accounting firms including Armanino, CliftonLarsonAllen and LBMC Technologies. For Armanino, it was another award in what looks like a very good year. Earlier this month, the San Ramon, Calif.-based firm was named to the Microsoft Dynamics Inner Circle, the only U.S. accounting firm to make that group.

Read more...

INFOR SHOW SHUTS OUT PRESS

Infor logoInfor has kicked off its annual partner summit in San Diego. But I'm sitting here in New Jersey writing about it. Because after an unexpected invitation to last year's show, this year's is a media blackout. (Not that I could have made it since we're heading for Alaska tomorrow.) In fact, Infor did not respond to questions about whether there was a show and official notification only arrived yesterday.

Read more...

EPICOR HIRES FORMER DELL EXEC

Donna Troy, EpicorEpicor has named former Dell executive Donna Troy as EVP vice president and general manager for ERP in the Americas. She was most recently Dell's VP and GM enterprise solutions, public large enterprise worldwide from February 2011 through 2012. She had been with the troubled hardware company in VP jobs since January 2008. Before that, she was EVP of Global SME Indirect Channels at SAP from July 2004 through April 2007 and served as SVP of global SMB for that company from July 2004 through April 2007. She spent 23 years at IBM from 1978 through 2001 and held a VP title.

Read more...

SAGE: WE DID WHAT WE PROMISED

 Pascal Houillon, SageSomeone asked the night before the official opening of Sage Summit if I thought there would be excitement. "I hope not," I replied. "Haven't we had enough change over the last two years?" There were no revolutionary announcements and generally, shows shouldn't produce shocks and surprises for attendees. No, the most important statement from the stage, made by Pascal Houillon, CEO of Sage North America, and reiterated by Guy Berruyer, CEO of that Sage Group was this: "We said what we are going to do and we have done it."

Read more...

APPLE’S MOBILITY TRIUMPH

ipadThere's nothing new about the thought that Apple has done well with mobile devices. But sometimes seeing it displayed in day-to-day life is still jarring. For example, during one keynote presentation at Sage Summit there was one MacBook and at least one iPad used during stage demonstrations. Five years ago, it would have been difficult to imagine that the day would come with Apple products would make it into that arena.

Read more...

Visit other PMG Sites: