News and Analysis (15665)
INTUIT DOUBLES BOTTOM LINE
- Thursday, 26 May 2016
- News and Analysis
- Written by PMG Admin
Intuit turned in a good performance for the third quarter ended April 31 but seemed to spend a lot of time fielding questions from analysts asking why its growth in QuickBooks Online was not faster. However, the company doubled net income to slightly more than $1 billion in the most recently ended period from $501 million a year ago. And revenue rose to $2.3 billion, a 7.9 percent increase from $2.14 billion in last year’s corresponding period.
TOP 100: THE CLOUD GROWS
- Thursday, 26 May 2016
- News and Analysis
- Written by mark
No one should be surprised that Bob Scott's Top 100 VARs shows an increasing number of resellers carrying cloud products for the 2016 class. There were 50 in 2015 and that has jumped to 60 this year. If you accept the definition that hosted applications are not true cloud applications that means more companies are carrying products other than the Microsoft Dynamics lines or any of Sage's various products since those companies are still in the hosted segment.
CUMBAA TO RETIRE FROM BLACKBAUD
- Thursday, 26 May 2016
- News and Analysis
- Written by mark
Charles Cumbaa, EVP of corporate and product strategy, plans to retire from Blackbaud on March 31. The Charleston, S.C.-based nonprofit software company says until then Cumbaa will continue in his position while assisting with the transition of his responsibilities. He joined Blackbaud in May 2001 as SVP of products and services and held that position through January 2010. Cumbaa then was president of the company's Enterprise Customer Business Unit through April 2012 when he became SVP of New Business Ventures. He kept that title when he stepped into his current job in March 2014.
WARAWA TAKES SAGE EVP SLOT
- Thursday, 26 May 2016
- News and Analysis
- Written by mark
Jennifer Warawa, who has been involved with Sage's accountant program for several years, has become EVP of product marketing. In her new position, she is responsible for Sage's worldwide product marketing organization and strategy. Warawa joined Sage in January 2008 as director of partner programs and had been involved in partner or accountant programs until taking the new position this month.
EPICOR SOFTWARE NAMES CMO
- Thursday, 26 May 2016
- News and Analysis
- Written by mark
Epicor Software has named Celia Fleischaker as chief marketing officer. Fleischaker was previously SVP of global marketing for Epicor. A long-time employee, she joined Epicor when it was still known as Platinum Software when the company purchased FocusSoft in November 1997. She had joined the latter company in May 1996. Fleischaker held her previous title from January 2010.
CLOUD SHIFT DAMPENS QAD RESULTS
- Thursday, 26 May 2016
- News and Analysis
- Written by mark
The move of customers from licenses to cloud subscriptions dented results at software vendor QAD for the first quarter ended April 30. The company lost $2.7 million, compared to net income of $549,000 in last year's corresponding period. CFO Daniel Lender said results were also hurt by lower-than-expected services utilization as projects slipped out of the quarter and by a $1.4-million negative currency impact.
ARMANINO BECOMES COUPA VAR
- Thursday, 26 May 2016
- News and Analysis
- Written by PMG Admin
Accounting firm Armanino has become a reseller for Coupa Software. The San Ramon, Calif.-based accounting firm and Coupa have worked on joint projects during the last year. In a prepared statement, Dave Burlington, Armanino Cloud Solutions partner, said the companies joined to provide a "seamless ERP and procure to pay solution for growing organizations." Armanino joins the Big Four and consulting firms such as Accenture as Coupa implementation partners.
DSD'S DEANE STEPS ASIDE
- Wednesday, 25 May 2016
- News and Analysis
- Written by mark
Doug Deane, owner of DSD Business Systems, a reseller based in San Diego, Calif., has turned his roles as president and CEO over to others in his organization. Deane, who has run the company since founding it in June 1984, has assumed the duties of founder and chief strategy officer. His day-to-day duties will be handled though the creation of two new divisions. Kayley Bell, who remains COO, was named president of the new Sales and Service Division.
QUICKBOOKS ONLINE SOARS
- Wednesday, 25 May 2016
- News and Analysis
- Written by mark
The momentum of QuickBooks Online shows no sign of letting up. Intuit this week reported that it ended its third quarter on April 30 with 1,397,965 subscribers of the cloud product, an increase of 44.8 percent from last year's corresponding period. In this week's earnings webcast, CEO Brad Smith noted the fact that 80 percent of subscribers have not previously been Intuit customers—in line with the trend for the online financial product.
MAY 20 INSIGHTS NEWSLETTER DELAYED
- Friday, 20 May 2016
- News and Analysis
- Written by PMG Admin
Bob Scott's Insights newsletter of May 20 has been delayed by technical issues. As soon as these are resolved and we can deploy the newsletter it will be emailed.
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