News and Analysis (15677)
BLACKBAUD: PANDEMIC LIMITED REVENUE
- Thursday, 29 April 2021
- News and Analysis
- Written by BobWScott
A shortfall in bookings at the start of the pandemic in 2020 has held down revenue grown this year for Blackbaud. The nonprofit software vendor lost $164,000 in the first quarter ended March 31, compared to net income of $1.6 million a year ago.
Read more...LOWER OPTIONS CUT AVALARA EXEC PAY
- Thursday, 29 April 2021
- News and Analysis
- Written by BobWScott
Lower option awards cause a drop for three named executives at sales tax company Avalara in 2020. As a result, compensation for CEO Scott McFarlane fell to $9.2 million last year, off 16.2 percent from slightly less than $11 million in 2019.
CLOUD PUSHES VISMA RESULTS
- Wednesday, 28 April 2021
- News and Analysis
- Written by BobWScott
A 33.4-percent increase cloud subscriptions and transactions led Norway-based Visma to an 18 percent-rise in revenue for the first quarter ended March 31. Cloud revenue hit approximately $309.7 million in the most recently ended period.
DYNAMICS 365 REVS SOAR
- Wednesday, 28 April 2021
- News and Analysis
- Written by BobWScott
Dynamics 365 had what Microsoft CEO Satya Nadella this week called a “breakthrough quarter”. For the third quarter ended March 31, Dynamics 365 revenue grew by 45 percent over last year’s corresponding quarter; 40 percent in constant currencies.
IFS REVS RISE 13 PERCENT
- Tuesday, 27 April 2021
- News and Analysis
- Written by BobWScott
Sweden-based IFS reported revenue for the first quarter ended March 31 increased by 13 percent to about $143 million. The software company said this week recurring revenue increased by 24 percent to approximately $109 million.
SAP CLOUD BIZ: “BLOW OUT QUARTER”
- Friday, 23 April 2021
- News and Analysis
- Written by BobWScott
SAP CEO Christian Klein said this week that the first quarter “was a blow-out quarter in the cloud” for his company. Meanwhile reports circulated on a variety of sources the SAP blew out its management for the mid-market Business By Design and Business One applications as it implemented a new partner structure.
COLUMBUS NAMES KNUDSEN CEO
- Friday, 23 April 2021
- News and Analysis
- Written by BobWScott
Columbus has named Søren Krogh Knudsen as president and CEO. Knudsen, who succeeds Thomas Honoré who resigned abruptly in August, takes over a smaller company.
QUISITIVE CEO: $250M BY MID DECADE
- Thursday, 22 April 2021
- News and Analysis
- Written by BobWScott
Quisitive Technology Solutions will be a $250 million company in three to five years, CEO Mike Reinhart said this week. That came after the Toronto, Ont.-based Dynamics reseller reported revenue of $49.8 million for the year ended December, up from $18.5 million for 2019.
UNIT4 PARTNERS BOOST RESULTS
- Wednesday, 21 April 2021
- News and Analysis
- Written by BobWScott
Unit4 said its partners showed strong growth in the first quarter ended March 31. The Netherlands software company did not provide actual revenue numbers, instead reported selective percent changes in this week's press release..
FORMER JMT COO JOINS NET AT WORK
- Wednesday, 21 April 2021
- News and Analysis
- Written by BobWScott
Net at Work has hired Tom Thornton as practice director of its Sage Intacct and NFP business. Thornton was with nonprofit software reseller JMT Consulting for 10 years and one month.
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