News and Analysis (15713)
NETSUITE SALES, LOSS GROW
- Friday, 29 July 2011
- News and Analysis
- Written by mark
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.
Read more...ARMANINO TOPS ADAPTIVE CHANNEL
- Friday, 29 July 2011
- News and Analysis
- Written by mark
Accounting 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.
SAGE TRIMS SAGESPARK
- Friday, 29 July 2011
- News and Analysis
- Written by mark
Sage 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.
INTUIT’S SMITH GETS PAY HIKE
- Friday, 29 July 2011
- News and Analysis
- Written by mark
Intuit 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
- Friday, 29 July 2011
- News and Analysis
- Written by mark
RADIANT ENDING ON STRONG NOTE
- Friday, 29 July 2011
- News and Analysis
- Written by mark
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
- Friday, 29 July 2011
- News and Analysis
- Written by mark
Exact, 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.
MACONOMY SPURS DELTEK GROWTH
- Friday, 29 July 2011
- News and Analysis
- Written by mark
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...
SAP CHANNEL REVS UP 60 PERCENT
- Wednesday, 27 July 2011
- News and Analysis
- Written by mark
SAP reported this week that its channel sales for the second quarter ended June 30 were up 60 percent over the prior year. The company did not reveal channel sales numbers during an earnings webcast. But it did claim growth across all products and geographies as software license revenue rose by 26 percent (IFRS) and 35 percent (non-IFRS). Co-CEO William McDermott described the results as part of a fundamental change in technology purchasing in which buyers are turning an increasing amount of their budgets toward software.
SAP SLOWS BYD VAR RECRUITMENT
- Monday, 25 July 2011
- News and Analysis
- Written by mark
SAP has slowed down its recruitment of resellers to carry the web-based Business ByDesign. Recruitment got ahead of enablement and capacity, Kevin Gilroy, the VP who heads North American recruitment, said in an interview this week. Earlier this month, Gilroy said enablement had become a bottleneck in the ByD campaign and also said that the company was reshuffling resources to deal with the problem.
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