There was a net loss of $3.4 million, compared to a loss of $4.6 million but the recent loss included a $3.7-million increase in a valuation allowance related to deferred taxes. For 2016, the company had operating income of $1.5 million, compared to a loss of $676,000 the prior year. Revenue for the last year was $126.5 million, an 8.4-percent increase from $116.7 million the prior year. Singleton said a major factor in business has been Microsoft's pressure for businesses to migrate to the cloud and she pointed to "Oracle's slower and more methodical roll out of modules." The company has two subsidiaries—Fullscope, its Dynamics reselling arm and Ranzel, its Oracle business. There was no reference to the recent victory by a shareholder group which ousted four of Edgewater's eight directors. The insurgents had pledged to replace Singleton and chief technology officer David Clancey.