Deltek had a 23-percent increase in revenue for the fourth quarter ended December 31. But the company decided to spend money across all major expense categories and a 70-percent increase in operating expenses produced a net loss of $7.7 million, compared to net income of $7.2 million a year earlier. Read more...

Fishbowl Inventory has introduced Fishbowl Hosted Services, a hosted service for the company’s QuickBooks-oriented package which comes with Microsoft Office installed.  It’s designed for small and midsize businesses, which are the targets for Fishbowl’s products. The pitch is the usual one about freeing business from IT issues. Read more...

Epicor rode to the end of 2010 on the back of Epicor 9, which has revitalized the company’s financial software revenue and made it much more channel friendly. But CEO George Klaus this week acknowledged what the numbers show, that the revenue growth hasn’t translated to the bottom line. “It’s not the profitability we would like,” he said during the earnings Webcast. Read more...

Activant, which markets specialized financial software, reported that net income for the first quarter ended December 31 dropped to $3.5 million, down 22.4 percent from $4.5 million from last year’s corresponding period. Revenue for the most recently ended quarter was $89.8 million an increase of 1.9 percent from $88.1 million a year ago. Read more...