News and Analysis (15659)
DELTEK BOOKINGS BOOM
- Friday, 06 May 2011
- News and Analysis
- Written by mark
With a lot of Deltek’s new business shifting to subscriptions, the company shifted much of its emphasis in reporting bookings as a part of its metrics for its first quarter ended March 31. The project accounting company reported a loss of $6.6 million, compared to net income of $4.2 million in net income a year ago as acquisitions took a toll on the bottom line.
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NETSUITE TAKES OVER PAYROLL BIZ
- Friday, 06 May 2011
- News and Analysis
- Written by mark
NetSuite has taken over more of the operations of the NetSuite Premier Payroll Service that had been handled by Perquest. As the NetSuite 10-Q for the March quarter put it, Perquest had been handling those “until it wound down its business operations.” That belatedly confirms reports about Perquest’s exit. Unfortunately, a few months ago, Perquest didn’t respond to responded to questions about the payroll company’s status, especially after a blog reported the business had been sold to ADP. Read more...
BLACKBAUD CEO PAY MORE THAN DOUBLES
- Friday, 06 May 2011
- News and Analysis
- Written by mark
Marc E. Chardon, Blackbaud’s CEO, had a good 2010 as his pay hit $4.55 million on a big option award for the year. Option awards of $2.77 million for the year just ended compared to $418,907 in that category in 2009 and propelled him well past the $2.04 million in total compensation that year.
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AVALARA RAISES $10M
- Friday, 06 May 2011
- News and Analysis
- Written by mark
Avalara has raised another $10 million in venture funding with another $11 million remaining to be sold in an offering, according to documents filed with the SEC. The Form D shows that the sales-and-use tax software company does not plan to use any of the funds for merger or acquisition. It sold $600,000 last fall, $4.9 million in May and $5 million in January. Shares remaining to be sold won't necessary be acquired by investors.
ROSS SYSTEMS APPEALS BOND
- Friday, 06 May 2011
- News and Analysis
- Written by mark
EXACT REVENUE FALLS
- Friday, 06 May 2011
- News and Analysis
- Written by mark
Exact reported that revenue for the first quarter ended March 31 fell to about $75.4 million, down about 1.7 percent from last year’s corresponding period when the change is measured in euros. The company reported, however, that on a like-for-like basis revenue rose by 3.3 percent. I had to look up the term – which is the same concept as same-store sales in retail – and since there wasn’t much in acquisition activity overall, it’s probably a pretty good metric.
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SAP: BYD UP TO 400 CUSTOMERS
- Friday, 06 May 2011
- News and Analysis
- Written by mark
SAP says 400 customers are now using its Business ByDesign application, up from 250 at the end of 2010. The company made that statement as part of the recent earnings webcast for the first quarter ended March 31. CO-CEO Jim Hagemann-Snabe also said that one third of the new sites have been sold by the channel, which now has 150 members. He added the company sees progress in selling ByD to subsidiaries of large companies and that the indirect channel is expanding more rapidly than the direct channel.
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KASEYA TO BUY INTELLIPOOL
- Friday, 06 May 2011
- News and Analysis
- Written by mark
XERO UPS U.S. PRESENCE
- Friday, 06 May 2011
- News and Analysis
- Written by mark
Xero, a New Zealand company, has taken steps to increase its visibility in the United States. The company, which makes online small business accounting software, said at a March investors day that it was relocating its chief technology officer, Craig Walker, to this country and that a “Xero beachhead” was being established in San Francisco. It also said there would be a strategic update this month. Read more...
CHANNEL BOOMS FOR NETSUITE
- Friday, 29 April 2011
- News and Analysis
- Written by mark
Channel sales have grown significantly over the last two years, NetSuite executives said in yesterday’s earnings call for the first quarter ended March 31. Channel bookings have grown from 23 percent of total bookings in 2009 to 32 percent in 2010 to 40 percent in the first quarter. That information was released as the company reported a 13-percent increase in its loss on a 20.7 percent increase in revenue compared to the first quarter of 2010.
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