BobWScott

BobWScott

SERVICES REV DROP DENTS SILVERSUN 1Q

SilverSun Technologies, parent of reseller SWK Technologies, saw 30.3-percent increase in product sales offset by a 5.2-percent drop in services revenue for the first quarter ended March 31.

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AVIDX SEES GROWTH ACROSS VERTICALS

AvidXchange reported customer demands was broad-based across the vertical markets in which it operates for the firt quarter ended March 31. The payments software company said during its recent earnings webcast that even two verticals hit hard by the pandemic—construction and Homeowner Association management—have bounced back.

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BILL.COM 1Q SOARS ON M&A

The acquisitions of Divvy and Invoice2Go dramatically increased revenue for Bill.com for the first quarter ended March 31. The GAAP loss was up sharply while revenue rose by 152 percent over last year’s corresponding period with organic core revenue up 78 percent.

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