Blackbaud capitalized on a sharp drop in taxes to hike spending and still achieve a 10.5-percent increase in earnings for the third quarter ended September 30. The company reported earnings of $10.4 million, up from $9.4 million in last year's corresponding period. Revenue for the most recently ended quarter was $144.7 million, an increase of 7.3 percent from $127.9 million a year ago. CEO Michael Gianoni was pleased with sales.
Infor reseller Godlan has started a program to attract talent to the manufacturing consulting space. The Clinton Twp., Mich.-based company has developed a curriculum to provide training in several areas including manufacturing principles, programming, Infor SyteLine ERP, along with complimentary modules. The program "will grow as our business grows," says Godlan CEO Bobby Rudder.
With all the high-profile speakers at the recent QuickBooks Connect conference, many attendees wondered how much Intuit spent. There was one show day, plus a VIP day and extra pre and post stuff. I bounced the details of the San Jose, Calif.-based event off someone who has paid for such gatherings and received an estimate of $3 million; my quick estimate was $2 million to $3 million. Intuit had no comment on that.
NetSuite continued its march into the Tier 1 financial software space during the third quarter ended September 30. In this week's webcast, CEO Zach Nelson said the cloud company beat all forecasts, saw high growth across all industry groups and set a record for $1-million plus deals. "Most of them are single tier—full-blown replacement of software that was done 20 years ago," he said. He also ascribed the much of growth to global systems integrators.