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COLUMBUS ADJUSTING U.S. OPS Featured

Thomas Honoré, ColumbusDenmark-based Columbus said it is integrating SMB and enterprise operations in the United States ahead of schedule because of results for the half ended June 30. The reselling and software development company did not spell out what that meant during this week's webcast.

However, executives were pleased with overall performance with roughly $102 million in revenue up 8 percent over last year's corresponding period. After-tax profit was about $6.4 million, up about 1.3 percent over a year ago. Chargeable hours dropped to 54 percent in the recently ended half from 58 percent a year ago "primarily due to a decrease in chargeable hours in the US SMB business" Columbus said It referred to an SMB revenue loss of roughly $634,000 of "which had a negative impact on service EBITDA in the first half." "The SMB business will normalize," CEO Thomas Honoré said. U.S. revenue, most of the North American total, of about $37.3 million was 12.8 percent higher than a year earlier. But the operations on this continent lost approximately $1.2 million, against after tax profit of $341,000 in the first half of 2016. The improvement came largely from acquisitions, including the January purchase of Tridea Partners, for about $9.6 million. North American revenue of about $37 million for the first half was 11 percent higher than a year ago. The biggest chunk of revenue was the roughly $23.8 million from services, a 22.3-percent increase. Both North American license and subscription revenue from sale of Columbus software products fell. License revenue fell 74 percent to approximately $82,000. Columbus subscription software sales of roughly $391,000 was off 10.7 percent. External license income—which includes Microsoft—fell to about $3.3 million, a drop of 22 percent. External subscription revenue rose 9.6 percent to about $9.4 million.

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