Deltek has moved to the cloud with the launch of Deltek CRM. The introduction broadens the Reston, Va.-based company's line up in this application area, which already includes the desktop Vision CRM for professional services firms and GovWin Capture Management for government contractors. Deltek CRM was one of a number of announcements from this month's Insight 2014 user conference. The company also has released Maconomy 2.0, its accounting application for professional services firms.
For its first quarter, Intuit loses money since it is outside of tax season. The question is how much it loses; in this case $84 million for the period ended October 31, compared to $11 million in last year's corresponding period. However, the fact the company is now recognizing all revenue ratably is shoving $400 million into fiscal 2016 and beyond has a role in boosting the red ink. On the top, Intuit reported revenue $672 million, an increase of 8 percent from $622 million a year ago.
To give our readers time to camp out at WalMart or K-Mart on Black Friday, there will be no Bob Scott's Insights newsletter on Friday, November 28. News will continue to be posted to the website as conditions dictate. Emailing of the newsletter will resume on Friday, December 5. So go kill a turkey or something.
SAP is seeking new organizations to sell its high-profile cloud product, Business ByDesign. Michael Schmitt, the new sheriff in the ByD town says, "We are talking to a lot of partners to activate them, motivate and come along with them." The question asked at the SAP SME Summit this week was how the giant software will do that after much of the channel felt burned by SAP's repositioning the product upstream,