News and Analysis

News and Analysis (10079)

BLACKBAUD NET DROPS, REVS SAG

The pandemic took a toll on Blackbaud’s growth for the second quarter ended June 30. The nonprofit software company reported a 43-percent decline in net income on a .8 percent drop in revenue.

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TEAMS IS IN YOUR ERP’S FUTURE?

The move in hybrid work and collaboration is pushing Microsoft Teams into business applications. Naturally, Microsoft is highlighting Teams being embedded in  Microsft 365 and Dynamics 365.

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CURRENCY HOLDS DOWN SAP’S RESULTS

 Currency changes dented SAP’s results for the second quarter ended June 30. In the Americas, cloud and software revenue was up 5 percent in constant currencies, but dropped 3 percent because of currency changes.

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SAGE NATIVE CLOUD REVS UP 32 PERCENT  

Sage reported that cloud native applications grew by 32 percent to approximately $286 million for the nine months ended June 30. CFO Jonathan Howell defined Sage Intacct’s growth only as faster than the 19-percent growth it registered for the second quarter.

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DYNAMICS REVENUE RISES 33 PERCENT

Microsoft turned in a killer quarter as it ended its year on June 30. Dynamics revenue rose by 33 percent year-over-year, 26 percent in constant currency.

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IFS SOFTWARE REVS UP 20 PERCENT

 Software revenue for Sweden-based IFS rose to roughly $301 million for the high ended June 30, an increase of 20 percent year over year. The company said cloud revenue, which represented more than 39 percent of software income, grew by 79 percent.

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RANDOM THOUGHTS: RETURN TO VEGAS

 You know you are back in Las Vegas when you pay $4 for a Twinkie because the plane arrived late and all the restaurants are closed;

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PRODWARE REVS UP 3.4 PERCENT

 Revenue from continuing operations for Prodware rose by 3.4 percent for the second quarter ended June 30, the company said this month. Reported revenue was down by 4.7 percent from last year’s corresponding period because of last year’s sale of the reseller’s Tunisian subsidiary and its software integration business in Israel.

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BLUMENTHAL JOINS ETHOSYSTEMS

Stuart Blumenthal has joined Ethosystems.as the reseller's Sage Intacct practice director.  Blumenthal’s LinkedIn profile says his responsibility is helping construction clients move to the cloud.

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SAGE ADDS TWO HOSTING FIRMS

Sage has added two companies to its stable of hosting providers. The software company this week said it had added Cloud at Work and Swizznet to the Sage Partner Cloud.

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