Prodware said there was a marked increase in cloud sales. The revenue press release talks about a strong performance in Edition direct sales, which produced around $17 million, an increase of 5.6 over a year ago. The language, however, is not clear concerning which product is meant. [I have an inquiry into PR]. But it represented 35.5 percent of revenue for the most recently reported period, compared to 33.8 percent a year ago. The company said revenue in French-speaking regions was down 2.3 percent because of the rise in cloud subscriptions. However, international sales rose by 3.7 percent because of the company's performance in Spain and Israel.
PRODWARE EKES OUT REV INCREASE Featured
Prodware, a Dynamics and Sage reseller based in France reported revenue of about $47.9 million for the first quarter ended March 31, an increase of .7 percent over last year's corresponding period. The company said that revenue was up 2.6 percent on a comparable basis; excluding divested operations. The company did not report earnings—that will follow later and I assume this is a French practice as Prodware's usual practice is to release revenue followed later by net income.
