Acquisitions in 2015 and 2016 and improved operations in Norway were major factors in results for reseller and software developer Columbus for the nine months ended September 30. In this week's earnings webcast, CEO Thomas Honoré cited American purchases, including reseller Interdyn BMI last year, as boosting software sales and services income.
My nightmare is that the current presidential election is going to be like the movie, "Groundhog Day". When we reach Election Day, we are going to wake up six months earlier and go through all this again. By the way, in some states boards of election are offering a choice of Dramamine or screwdrivers to those who have just cast their votes.
Edgewater Technology saw a steep drop in net income while revenue declined much less sharply for the third quarter ended September 30. Net income plummeted to $43,000 in the most recently ended quarter from slightly more than $1 million a year earlier. Revenue was $30.8 million, down 1.1 percent from $31.2 million in last year's corresponding period.
Two Dynamics resellers that report publicly are saying that the move to the cloud with Dynamics 365 is causing sales issues. Denmark-based Columbus and Edgewater Technology both pointed to Microsoft's move to push to the cloud with 365, an online version of Dynamics AX. Edgewater CEO Shirley Singleton said in her company's earnings webcast that the lack of a migration path for the desktop AX users is causing businesses to reconsider buying decisions.
FayeBSG, a SugarCRM reseller, has acquired another Sugar VAR Atcore Systems, based in Atlanta. Founded in 2006 by CEO Josh Sweeney, the Atcore practice will be folded into the new Atlanta office of Woodland Hills, Calif.-based FayeBSG. Besides the Atlanta presence, Faye has Philadelphia, Texas; Austin, Texas; and Los Angeles, Calif.