ACCOUNTING NEWS

Print
Email
Reprints

DOLLAR HURTS EXACT TOTALS Revenue for Exact Software's North American operations rose by 1.7 percent for the year ended for 2004, while the weakness in the dollar held the company's worldwide results to a 3 percent rise in both earnings and revenue.

Total revenue rose to $278 for the year ended December 31, up from $270 in 2003. North American revenue for last year was $59 million, compared to $58 million the prior year. Income rose to about $43.3 million, from $42 million.

MICROSOFT ADDS CRM EXEC

Partner Insights

Microsoft has hired Brad Wilson, formerly worldwide vice president of CRM at PeopleSoft, as general manager for Microsoft CRM.

Wilson, who is responsible for product strategy, works under David Thacher, the general manager for CRM development.

OPEN SYSTEMS MANAGER

Open Systems has hired Darlene McQueen, who formerly worked at Accpac, as partner recruitment manager for the Shakopee, Minn.-based accounting software vendor.

McQueen is the latest in a series of managers recruited by Open Systems in the last year. Others hired include Rita Strauss, who formerly worked at NetSuite and Accpac as director of business development. Later in the year, the company hired Linda Shillingburg as director of business development NFP.

NETSUITE VP LEAVES

Tara Ryan, vice president of marketing for online software vendor NetSuite, has left the organization to take another job.

Ryan joined NetSuite two years ago, coming from Deloitte Marketing, where she was director of worldwide marketing. This year, Susan Gallagher, who headed the channel program for the San Mateo, Calif.-based company, also left the organization.

BLACKBAUD RESULTS RISE

Blackbaud sales rose by 17 percent, but its bottom line dropped to a $4.3 million loss for the fourth quarter ended December 31 as expensing stock compensation took its toll.

The loss compared to $129,000 in red ink a year ago. Fourth quarter revenue was $35.7 million, up 17 percent from $30.6 million in last year's corresponding period. Revenue for 2004 rose to $138.7 million, up from $118.1 million the prior year. The company lost $12.7 million in the most recently ended year, up from $478,000 in 2003.

MYOB SLUMPS IN U.S.

MYOB, which markets low-cost software for the Macintosh and PC environments, saw sales drop by 4 percent for 2004.

That decline came as operating revenue for the Australian-based parent MYOB Limited hit about $96 million, up 38 percent from 2003. Net profit hit $6.8 million, up sharply from $1.3 million a year earlier.

SERENIC NARROWS LOSSES

Serenic Corp., the new name for the former Vision HRM, reduced its losses for the quarter ended November 30 to 10 cents on every sales dollar, compared to 25 cents a year earlier.

While the actual loss grew to $89,000 in the most recently ended quarter from $84,000 a year earlier, revenue jumped to $955,00 from $347,000. The jump reflected the company's purchase of Software Serenic.

ACCOUNTMATE PICKS INFOTRAC

AccountMate has picked InfoTrac, a software company based in Toronto, as it supplier of choice for a CRM package for the AccountMate channel.

AccountMate is endorsing InfoTrac for AccountMate as the CRM package to be handled by its resellers.

FUNDWARE NUMBERS RELEASED

Kintera, which acquired the FundWare line from Intuit, says that FundWare lost $2.5 million on $13 million in revenue for the year ended in January.

Under Intuit, FundWare had revenue of $12.9 million for the year ended July 31. It lost $21.8 million, including a $19.8 million impairment charge.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Register now for FREE site access and more