News and Analysis

News and Analysis (15659)

CHANNEL: THE 60 PERCENT SOLUTION

The fact that both NetSuite and SAP reported that their channel business had grown by 60 percent in the June quarter might mean something for the future of cloud computing. Or it might just mean that both companies started with a very small base. Since neither company released actual channel revenue, we don't really know. But it’s clear that Microsoft, with 19-percent increase in Dynamics revenue for the same quarter, had good growth but nothing near that figure. Read more...

HAPPY ANNIVERSARY, ME

As the Beatles said, "It was 20 years ago today ..." Literally.  It was July 29, 1991 when I began working as technology editor at Accounting Today when it was owned by a very fine trade publishing company, Lebhar Friedman. Along the way, the publication was sold to Thomson and I later moved to the former Accounting Technology within  the latter company. Read more...

NETSUITE SALES, LOSS GROW

NetSuite likes to report its earnings on a non-GAAP basis, but even there, its net income for the second quarter ended June 30 dropped by 15.8 percent to $1.6 million, down from $1.9 million a year earlier. The GAAP loss grew to $9.8 million, up 35.2 percent from $7.2 million. Meanwhile, revenue for the most recently reported period rose to $57.8 million, an increase of 22.8 percent from $47.1 million in last year’s corresponding period.

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ARMANINO TOPS ADAPTIVE CHANNEL

armanino logoAccounting firm Armanino McKenna has been named as the "Top Partner" of budgeting software vendor Adaptive Planning. This occurred at a vendor event in June so nobody has rushed to get this information to market.

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SAGE TRIMS SAGESPARK

sage spark logoSage has killed three services of SageSpark, its online application suite and portal for small businesses. According to the SageSpark website, the company has discontinued Payment Plus, Payment Boss and Known Locally, the latter a website hosting service, effective July 31. Billing Boss, with 2.8 million customers in the United States and Canada, remains on the market.

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INTUIT’S SMITH GETS PAY HIKE

Brad SmithIntuit has given its CEO, Brad Smith, a 22-percent hike in his base pay.  Smith will receive $975,000 for the year ending April 30, 2012, up from $800,000 for fiscal 2011. And company executives, most of whom did not receive bonuses in fiscal 2010, got them for the year ending July 31. Smith received a 2011 bonus of $1,850,000. Read more...

MICROSOFT RENEWS LINUX DEAL

Microsoft has extended its agreement to support SUSE Linux for another four years.  This adds to the nearly five-year old deal with which Microsoft and Novell agreed to collaborate on Windows and Linux interoperability and support. Read more...

RADIANT ENDING ON STRONG NOTE

With NCR's tender offer to purchase Radiant Systems under way, the POS specialist turned in a good performance for its second quarter ended June 30. Net income hit $8.4 million, a 45-percent increase from $5.8 million in last year’s corresponding period. Revenue for the most recently ended quarter was just over $100 million, a 15.2-percent increase from just over $87 million a year earlier. Read more...

EXACT SALES SLUGGISH

exact new logoExact, the Dutch parent of Macola software, reported decent growth in the bottom line as after-tax earnings grew to about $19.3 million for the half ended June 30, up 13.2 percent from last year’s total.

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MACONOMY SPURS DELTEK GROWTH

kevin parker Maconomy continues to be the major story at Deltek as the product that was acquired last year has opened the doors for Reston, Va.-based Deltek in international markets.  "It has opened up a new global market for us," CEO Kevin Parker said in this week's earnings call. International revenue for the second quarter ended June 30 was 26 percent of the total, double the contribution a year ago. Read more...

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