News and Analysis

News and Analysis (15665)

INTUIT SHOWS DOUBLE-DIGIT GROWTH

Brad Smith, IntuitIntuit reported revenue growth for the second quarter ended January 31, in what is not historically one of the software company's software strongest. The quarter had only two days of the current tax season hitting the financials.

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FINANCIALFORCE REBRANDS

FinancialforceCloud financial software vendor FinancialForce has branded, adopting a new logo and brand identity. It's always tough to write about branding—either you like the change or don't and it takes some time for the market to react.

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SWK TO RELAUNCH T&B PACKAGES

SWKSWK Technologies has decided to relaunch two applications from its Time & Billing Solutions suite. The products from the Livingston, N.J.-based firm are designed to integrate with Sage 100 and Sage 100cloud ERP.

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QBES STILL DRIVING DESKTOP REVS

Michelle Clatterbuck, IntuitQuickBooks Enterprise Solutions is driving Intuit's desktop revenue for the QuickBooks family of products. Unit sales continued to fall in the second quarter ending January 31, falling 15.1 percent to $191 million from $225 million in last year's corresponding period.

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QAD EXPECTS TO EXCEED GUIDANCE

Karl Lopker, QADQAD says it expect revenue of about $306 million for the year ended January 31. The company said recently that compares to previously issued guidance of $300 million to $302 million for fiscal 2018.

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SUGAR SELECTS ELITE VARS

Patrick Pahl, SugarCRMSugarCRM has selected 21 members of its channel as its Elite partners for 2018. The Cupertino, Calif-based CRM publisher says criteria for selection include product competency requirements, joint sales execution, customer retention, and driving new Sugar business during the preceding fiscal year.

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VELOSIO HIRES SALES VP

VelosioReseller Velosio has hired Dom Cristelli as VP of sales. Velosio is the firm formed recently through the merger of the SBS Group and Socius. Cristelli was most recently national sales leader for Tribridge/DXC.

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EPICOR SALES VP JOINS ETQ

Brian Keeps, EtQ, formerly EpicorBrian Keets, a sales VP at Epicor, has become chief revenue officer of EtQ. In January, he joined EtQ, which makes Quality, EHS, Food Safety and Compliance management software.

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RANDOM THOUGHTS: WILLIAM SHATNER

William Shatner, photo by Gage SkidmoreI was thinking that the ice dancing couple with the wardrobe malfunction during the Olympics could have become the first skaters to complete triple toe loops with a twist and a breast stroke.

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MYOB PROSPERS ON SUBSCRIPTIONS

Tim Reed, MYOBMYOB grew in 2017 for the same reason most other publishers had revenue growth in their last year-subscription growth was up for the year ended December 31. The Australia-based financial software company reported approximately $60.7 million in net after-tax profit for the most recently ended year, a 47.5-percent increase from 2016.

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