Accounting News


DYNAMICS REVENUE UP 20 PERCENT Revenue for Microsoft Dynamics is trending at 20 percent higher over last year for the third quarter ended March 30, although the vendor provided no other details about revenue or earnings.

The operation had revenue of $918 million for the year ended June 30, and sales are staying at roughly 20 percent ahead of fiscal 2006, says Jim Utzschneider, general manager of Dynamics marketing. Although he said all ERP lines were strong, Utzschneider said that, "CRM continues to be a gangbuster."


Partner Insights

Sage Software has placed its software products in new divisions as the company executed a sweeping reorganization.

Former chief marketing officer Nina Smith got responsibility for all accounting and CRM applications as head of the new Business Management Division. Doug Meyer, who ran the Peachtree operations for years, takes over the new Industry & Small Business Division, which has construction, real estate, nonprofit and payroll applications. Jim Foster, formerly EVP, becomes the company's first chief technology officer. Sage is abandoning the shared services model it had used for such functions as marketing. CEO Ron Verni said the move pushes decision-making into the new units.


Epicor's net income for the first quarter ended March 31 dropped to $4.4 million, down 4.4 percent from $4.6 million in last year's corresponding period.

However, revenue hit $101.3 million, up 20 percent from $84.5 million a year earlier. Consulting was the fastest growing revenue component with income in that area hitting $32.7 million, up 31.1 percent from $25 million a year ago. Sixty-one percent of revenue came from the Americas.


Serenic has raised about $307,000 in a private placement that it says would be used for debt reduction, marketing and general working capital purchases.

The Edmonton-based company raised the capital through the sale of 850,000 units each comprised by one common share and one transferable common share purchase warrant. Serenic is a publicly held Canadian company, although most of its operations are conducted through Serenic Software, based in Colorado.


Chris Lee has retired from MYOB, the computer software company that markets Mac and PC software, a company that he founded 25 years ago.

Originally an American operation, it became the publicly held MYOB Ltd, based in Australia when it merged with the former Solutions6. The U.S. arm spun out two years ago as Acclivity, which continues to market the MYOB line.


Acquisitions pushed revenue up by 57 percent for Sage Software's first half ended March 31 as pre-tax profit rose by 12 percent.

Revenue hit $459.9 million in the most recently ended half while pre-tax earnings hit $92.7 million. However, organic revenue growth was 4 to 5 percent. CEO Ron Verni said acquisitions also pushed margins down to 19 percent from 24 percent a year earlier. Worldwide, Sage revenue rose 34 percent with pre-tax profit up 12 percent.


Jim Kent, head of Exact Software North America, got a roughly 26 percent increase in pay for 2006, as the company boosted his base salary.

Kent, a former reseller, received about $549,000 in pay from the Dutch company. Although his bonus fell slightly, his base salary was increased to about $379,000, a 35.5 percent rise from the 2005 level.


Company Acquired Date Acquired Revenue to Sept. 30 Profit to Sept. 30, 2006

(in millions) (in millions)

Adonix 15 Nov. 2005 $81.95 $14.8

Bauer GMB 11 July 2006 6.4 .2

Elit Group 24 July 2006 5.0 .6

Emdeon Practice Services 14 Sept. 2006 17.0 1.6

Master Builder 19 May 2006 5.4 .8

UBS Co. Berhard 3 July 2006 1.0 .4

Verus Financial Management 8 Feb. 2005 57.8 22.4

A series of acquisitions added about $175 million in revenue to results for Sage's year ended Sept. 30. The results reflect contributions to Sage's results from the date each company was purchased and were translated from pounds at recent exchange rates. Source: Sage Ltd. Annual Report 2006.

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