News and Analysis

News and Analysis (10079)

ORACLE CEO: BONUS BUT NO PAY RAISE

 Oracle CEO Safra Catz received $10.6 million in compensation for the year ended July 31. Most of that was a $9.6 million performance bonus, along with a $950,000 base salary.

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QBES SALES UP “MID-SINGLE DIGITS”

QuickBooks Enterprise Solutions, the mid-market product from Intuit, appears to continue to drive what growth there is in the desktop QB market. Intuit used the phrase “mid-single digits” to describe the rate of increase in revenue for QBES for the year ended July 31.

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BAKER TILLY BUYING ACCTTWO

Accounting firm Baker Tilly US is acquiring Sage Intacct reseller AcctTwo Shared Services, effective October 1. Terms were not announced.

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QAD ISSUES LAST? EARNINGS REPORT

QAD, which is being taken private by Thoma Bravo in a $2 billion deal, saw acquisition costs cut into its operating profit for the second quarter ended July 31. They deal is expected to close in the fourth quarter of calendar 2021 so this is potentially the last earning report.

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BILL.COM RISES ON DIVVY REVENUE

Bill.com saw its revenue spike with the inclusion one-month income from Divvy. Divvy is  the corporate credit card and expense management platform it acquired during the fourth quarter ended June 30.

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QUISITIVE BOOMS ON M&A

Microsoft reseller Quisitive turned in a 49-percent drop in its loss on a 75-percent increase in revenue for the second quarter ended June 30. But most of the talk in this week’s earnings conference call was about its payments business, not Dynamics reselling.

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REPAY BENEFITS FROM M&A

 Four acquired companies chipped in $6 million in revenue for payments company Repay Holdings for the second quarter ended June 30.

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GUSTO RAKES IN  $175 MILLION

Payroll software company Gusto has raised $175 million in Series E funding. The latest round was led by T. Rowe Price Associates.

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WISS STARTS TECH ADVISORY PRACTICE

Accounting firm Wiss has started a Technology Advisory practice. To head the new unit, the firm has hired Alex Volpi. Volpi was previously a senior consultant in the Technology Advisory of accounting firm CohnReznick from March 2019 until June this year.

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COLUMBUS US: SAME STORY, DOWN 

About the best thing reseller Columbus had to say was the revenue decline for its operations it in the United States looked better in local currency. Reported in Danish Kroner, the U.S. for the second quarter ended June 30 was down 11.7 percent.

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