I think I just invented that term, but for the first quarter ended March 31, the revenue and loss for NetSuite both exceeded a 30-percent change over the prior year. The San Mateo, Calif.-based cloud software company continued its boom-and-spend ways as it reported results this week. The net loss was $29.7 million for the most recently ended quarter, an increase of 30.9 percent over $22.7 million a year earlier.
Adaptive Insights has made a lot of enhancements to its cloud-based Adaptive Suite 2016.2. But anytime I see the word "Excel" I hone in on the accountant's favorite tool. Adaptive already featured Excel-based reporting capabilities. But now, the application enables users to view their plans and perform data entry in Excel. The suite offers a new Active Sparklines feature via which trend analysis is now combined with data entry.
Analytics software vendor Qlik Technology has signed Arrow Electronics to distribute its products. "It will help us grow and scale our partner program," CEO Lars Björk said about the alliance during the week's earnings webcast. He continued that the deal was not aimed at going deep into vertical markets. The Arrow relationship was announced early this month. However, Björk spelled out the impact as the company delivered its first quarter results this week.
It is not contributing significantly to revenue, yet, but the new channel being assembled by nonprofit software vendor Blackbaud, is growing. "We are signing up new VARs at a pretty decent clip," CEO Mike Gianoni said during this week's earnings webcast. Gianoni gave no numbers for the size of the channel. However, he emphasized the company plans to approach resellers differently than when it had a channel that it disbanded several years ago.
FinancialForce has named Adrian Ivanov to the newly created role of chief customer officer. The cloud vendor said Ivanov will be in charge of customer strategy and execution, including product development, sales, marketing, consulting and support. Previously, he was FinancialForce's SVP of global sales.