
News and Analysis (15657)
AUSSIE EXCHANGE QUERIES XERO ON LOSS
- Wednesday, 29 April 2015
- News and Analysis
- Written by mark
Xero has posted a letter with two appendices in response to a query by the Australian stock exchange about the recently reported loss for the year ended March 31. Xero's loss of about $54 million was 96 percent higher than in fiscal 2014. The cloud software company's revenue for 2015 was roughly $141 million, 81 percent higher than in the prior year. Also posted on the New Zealand Exchange's website, the Australian Exchange's question was whether a reasonable person would consider the increased loss as having a material impact on the price or value of its securities.
DESHAIES DEPARTS FROM SAGE
- Tuesday, 28 April 2015
- News and Analysis
- Written by mark
Don Deshaies, VP of channel management, has left Sage North America. Deshaies joined Sage in February 2014 and left to pursue a new opportunity, according to a statement from the company. Since the statement says opportunity, not opportunities, I concluded he is going to another job. (Well, thinking now maybe not). While Sage searches for a replacement, Joo Sohn, director of partner programs will take care of the channel.
TOP 100: THE END IS NEAR
- Friday, 24 April 2015
- News and Analysis
- Written by PMG Admin
The call for applications for the 2015 selection of Bob Scott's Top 100 VARs is drawing to a close. But if you are interested in your firm's being considered, please contact us for a form. You just might get in. Send all requests to This email address is being protected from spambots. You need JavaScript enabled to view it. and an application form can be whizzing along faster than you can say "true cloud software."
RANDOM THOUGHTS: MANUREXPO
- Friday, 24 April 2015
- News and Analysis
- Written by mark
Three passengers on a recent SkyWest airlines flight from Chicago to Connecticut lost consciousness. The airline billed them for the improvements to their surroundings. It turned out later that all had middle seats between two fat people. ... I was reading an obituary from my home area of Southern Indiana. There was an old guy who died who habitually asked to kiss women's hands.
SAP: ALL REGIONS RISE DOUBLE DIGITS
- Friday, 24 April 2015
- News and Analysis
- Written by mark
SAP said its sales machine worked across the world as revenue in all regions was up by double digits. That analysis came during this week's earnings webcast as the German software giant released its earnings for the first quarter ended March 31. Total revenue was $3.86 billion, a rise of 30 percent from $2.98 billion in last year's corresponding period. While cloud bookings were up 120 percent, good old-fashioned maintenance revenue had 17-percent growth, coming in at $2.45 billion for the most recently ended quarterly, up from the prior year's $2.1 billion.
NETSUITE REVS UP 34 PERCENT
- Friday, 24 April 2015
- News and Analysis
- Written by mark
Results for NetSuite's first quarter ended March 31 apparently put CEO Zach Nelson in a good mood. It was so good, he barely trashed the competition. He passed on SAP's announcement of its first-quarter results this week and was very kind in mentioning a win at a major H-P division a company that uses SAP. Whatever the reason, revenue rose to $164.8 million for the most recently ended period, an increase of 34 percent from slightly less than $123 million a year earlier. The loss of $22.7 million was only $480,000 higher than in last year's corresponding quarter. On a GAAP basis, the company lost 14 cents for every dollar of revenue, down from 18 cents. Non-GAAP net income was $9 million, more than double $4.4 million a year earlier.
INTERDYN BMI BUY LIFTS COLUMBUS
- Friday, 24 April 2015
- News and Analysis
- Written by mark
The January acquisition of Interdyn BMI lifted results for Danish reseller Columbus for the first half ended March 31. The purchase of the Minneapolis, Minn.-based Dynamics VAR boosted Columbus' consulting business worldwide and had a significant impact on its operations in the United States. Worldwide, revenue rose 16 percent to about $35 million. EBIDTA for the most recently ended year was about $2 million, an increase of 9 percent over the year earlier half. Two months of BMI results were included, but by itself that boosted U.S. revenue by 88 percent over the prior year.
XERO BOOMED AND SPENT IN 2015
- Friday, 24 April 2015
- News and Analysis
- Written by mark
Xero grew fast and spent faster for the year ended March 31. The company said its subscription revenue was up for 81 percent for the year just ended. But the loss for the cloud accounting software company rose by 96 percent and increased from 56 percent of operating revenue for fiscal 2015, compared to 51 percent for 2014. Revenue for the recently ended year hit about $81.5 million while its loss rose to roughly $54 million. New Zealand-based Xero said it ended 2015 with 475,000 paying customers, 67 percent higher than a year earlier.
QLIK CHANNEL REVS GROW
- Friday, 24 April 2015
- News and Analysis
- Written by mark
The channel for analytics specialist Qlik Technology chipped in 65 percent of license and first-year maintenance revenue for the first quarter ended March 31. The company said during this week's earnings webcast that was up from 57 percent of the same segments a year ago. This is more from systems integrators than resellers, judging from the comments, and the total was affected by a multimillion dollar sale. Overall, Qlik reported a net loss of $30.3 million for the most recently ended period, compared to red ink of $25.9 million in last year's corresponding quarter.
AVALARA HIRES EMEA VP
- Thursday, 23 April 2015
- News and Analysis
- Written by mark
Avalara has named Mehrdad Talaifar as VP of its EMEA operations. Talaifar, based in London, England, is another link in the sales and use tax company's plans for global expansion. Well, they have to spend that $100-million investment somewhere, don't they? Talaifar has strong credentials in the indirect tax area. He was principal of global tax technology services for Ryan from August 2013 until last month. Before that, he was senior director of strategic relations for EMEA for Thomson Reuters from January 2011 through August 2013.
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