News and Analysis

News and Analysis (15677)

SAGE TRANSFORM FRUGAL

The show floor for the newly names Sage Transform looked strange. It took about seven minutes to realize there was no carpet, outside of the booths themselves.

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U.S. ORACLE BIZ STRONG FOR ALITHYA

The Oracle business was “very strong” strong for Canada-based Dynamics reseller Alithya in the second quarter ended September 30. CEO Paul Raymond this week  singled out the Oracle business as a major factor in the 17.1-percent increase in revenue for the United States.

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N. AMERICAN XERO SUBS UP 22.1%

 Subscriptions for Xero in North America were up 22.1 percent for the first half ended September 30. The New Zealand-based company also reported this week revenue for this continent rose 5 percent 14 percent inconstant currency.

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INTACCT: MORE COUNTRIES ON TAP

Sage Intacct is preparing to expand outside of the English-speaking world. Executives outlined basic plans that will make the mid-market cloud product globally during this week’s Sage Transform conference in Las Vegas.

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SILVERSUN: “MEDIOCRE QUARTER”

SilverSun Technologies, parent of reseller SWK Technologies, reported a “mediocre quarter” for the third quarter ended September 30. Nevertheless, CEO Mark Meller, who used the term, said the company is on track for the best year in company history.

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FINANCIALFORCE OFFERS CERTIFICATION

FinancialForce has launched a Certification Program designed for customers, partners and employees. The cloud software company said the program is designed to show.

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COVID DAMPENED PAYA’S GROWTH

The Delta COVID-19 variant held down revenue for payments company Paya for its third quarter ended September 30. CFO Glenn Renzulli termed Delta one of “two primary headwinds” that limited growth.

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DIVVY BOOSTS BILL.COM REVS

Bill.com experienced strong growth for its first quarter ended on September 30, sparked by its newly acquired Divvy and Invoice2go operations. In particular, Divvy had 187 percent year-over-year growth, according to CFO John Rettig.

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AVALARA TO SPEND FOR AWARENESS

Avalara will hike spending to boost broader product awareness, its CEO Scott McFarlane said during the company’s recent webcast. That statement came as the sales tax company reported that it its third quarter ended September 30 it had boosted sales and marketing spending by 50.3 percent year-over-year.

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PROCORE TECHNOLOGIES SLASHES LOSS

Construction software company Procore Technologies sharply cut its loss for the third quarter ended September 30 despite growing operating expenses by 58.5 percent. That came as the company this week said revenue for period rose 29.5 percent year-over-year.

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