Australia-based Reckon—battling in the low-cost software market in Australia, New Zealand and the United Kingdom—reported a 33.9-percent drop in earnings on a 6.4-percent rise in revenue for the half ended June 30. Reckon, the former QuickBooks distributor in Australia, competes with MYOB and Xero in Australia and New Zealand and in May introduced its Reckon One in the U.K., where it battles against Xero and Sage.