News and Analysis

News and Analysis (15712)

ACTIVANT SEES YEAR REVS UP SLIGHTLY

Activant Solutions, which provides a variety of specialized accounting packages, says it expects to report revenue of $370 million to $371 million from continuing operations for the year ended September 30, slightly higher than the amount reported for fiscal 2009. Net income is expected to range from $27 million to $29 million, with the midpoint of that range 24.6 percent higher than a year earlier, excluding goodwill.
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AN ACTIVE MARKET FOR SAAS SWITCHERS?

This newsletter last month reported statements by Doug Johnson, marketing VP for Acumatica, that the company had been winning business from other SaaS vendors. Johnson opined that it was actually easier to switch between Internet applications than between on-premise applications. Read more...

SAP OFFERS MOBILE B1 APP

SAP has released an iPhone application that provides access to SAP Business One and is free to those with a maintenance contract with Business One 8 patch level 12 or higher. Users can receive alerts for specified events along with reports from Crystal Reports. The mobile application is available for the iPhone or the iPod touch with a minimum version 3.2 Mac OS. Read more...

RADIANT SYSTEMS REVS UP 20 PERCENT

Radiant Systems logoPOS specialist Radiant Systems, whose offerings include the CounterPoint line, continued on a tear as its third quarter ended September 30 resulted in net income more than double last year while revenue rose by 26 percent over the third quarter a year earlier.  Earnings reached $7.5 million, compared to $3.4 million a year earlier with operating income having risen by 35 percent. Revenue was $89.2 million, up from $70.9 million. Read more...

DELTEK GROWS, BUT WHITHER VARS?

Kevin Parker, DeltekFueled by its purchase of Maconomy, Deltek had a strong September quarter in Europe and the United States. But I’m not sure there's much opportunity for resellers. Revenue rose to $65.2 million for the third quarter ended September 30, up 1.7 percent from $64.1 million a year ago. Deltek lost $4.2 million, compared to earnings of $6.6 million a year earlier. And the purchase accounting used in acquisitions reduced revenue by about $7 million in the quarter. Read more...

GETTING BETTER SOME OF THE TIME?

The words "cautiously optimistic" came out of the September quarter earnings reports a lot. But the other phrase that popped up several time was "raising our guidance" as many companies exceeded their expectations for the period just ended.  No one is declaring that the economy is moving into a strong new up cycle. But most executives in the accounting software space were either happy or relieved as they ended the quarter. Read more...

NETSUITE HAMMERS DYNAMICS GP

Zach NelsonNetSuite CEO Zach Nelson often pillories the competition in the company's quarterly financial Webcast. This time, dismissing the Microsoft hosted software approach as "The Fake Cloud", he went after Dynamics GP with energy. And where NetSuite's New York event for prospects once was dominated by businesses switching from QuickBooks "This year, however, it was very different as almost everyone I met was replacing Microsoft Great Plains," Read more...

SWK NINE-MONTHS TAKES SLIGHT DIP

SWK Technologies, a Livingston, N.J.-based Sage reseller, did something it hasn't done before in releasing financial results before its parent did.  That parent, Trey Resources, gets all its revenue from SWK, but Trey's financials include debt obligations that have been a boat anchor. SWK listed revenue of $5.7 million for the nine months ended September 30, but a check of Trey's results from a year earlier indicates that's down from $5.75 million. SWK had net income of $52,223.24. Read more...

NET@WORK BUYS FOREPOINT

Alex SolomonNew York-based Sage reseller Net@Work made itself more truly a national VAR yesterday with the acquisition of Forepoint, which is headquartered in Seattle, Wash. Forepoint also has offices in Wisconsin and Portland, Ore., and its president, Kevin Cumley, works from a remote office in Montana. However, Alex Solomon, co-owner of Net@Work, says Forepoint also has customers in Hawaii, California, Alaska, along with other western states.

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BLACKBAUD TURNS IN MODEST QUARTER

Marc ChardonNonprofit software vendor Blackbaud had a 13-percent decline in earnings on a 5-percent increase in revenue for the September quarter.   But still, that revenue growth was the second consecutive quarter of improvement over the prior year, compared to flat to down results in earlier quarters. That translated into net income of $8.5 million for the recently ended quarter, down from $9.8 million a year earlier. Revenue rose to $83.2 million from $79.2 million. Read more...

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