Intuit turned in a good performance for the third quarter ended April 31 but seemed to spend a lot of time fielding questions from analysts asking why its growth in QuickBooks Online was not faster. But the company doubled net income to slightly more than $1 million in the most recently ended period from $501 million a year ago. And revenue rose to $2.3 billion, a 7.9 percent increase from $2.14 billion in last year’s corresponding period.
No one should be surprised that Bob Scott's Top 100 VARs shows an increasing number of resellers carrying cloud products for the 2016 class. There were 50 in 2015 and that has jumped to 60 this year. If you accept the definition that hosted applications are not true cloud applications that means more companies are carrying products other than the Microsoft Dynamics lines or any of Sage's various products since those companies are still in the hosted segment.
Charles Cumbaa, EVP of corporate and product strategy, plans to retire from Blackbaud on March 31. The Charleston, S.C.-based nonprofit software company says until then Cumbaa will continue in his position while assisting with the transition of his responsibilities. He joined Blackbaud in May 2001 as SVP of products and services and held that position through January 2010. Cumbaa then was president of the company's Enterprise Customer Business Unit through April 2012 when he became SVP of New Business Ventures. He kept that title when he stepped into his current job in March 2014.
Accounting firm Armanino has become a reseller for Coupa Software. The San Ramon, Calif.-based accounting firm and Coupa have worked on joint projects during the last year. In a prepared statement, Dave Burlington, Armanino Cloud Solutions partner, said the companies joined to provide "seamless ERP and procure to pay solution for growing organizations." Armanino joins the Big Four and consulting firms such as Accenture as implementation partners.