Edgewater Technology saw a sharp rise in service revenue, accompanied by a drop in software revenue for the second quarter ended June 30. But the end result of operations was a 21.4-percent rise in earnings as this week the company reported net income of $1.7 million, up from $1.4 million in last year’s corresponding period. Total revenue reached $29.2 million for the most recently ended period, a 4.7-percent increase from $27.9 million a year earlier. Service revenue rose to $24.5 million, an increase of 13.4 percent from $21.6 million.
Blackbaud turned in a 40.1-percent rise in net income on an 11.1-percent increase in revenue for the second quarter ended June 30. Net income hit $9.3 million, up from $6.6 million in last year’s corresponding period. Revenue rose to $139.4 million in the most recently ended period, compared to $125.5 million a year ago. CEO Mike Gianoni said organic revenue growth was double the rate of the previous few years. This week’s earnings webcast for the quarter was less focused on product direction than were the last two in which executives emphasized the move to spread payments and analytics products across the nonprofit vendor’s product portfolio. The discussion was more about product introductions during the quarter, such as crowd funding capabilities in The Raisers Edge from the acquired Everyday Hero product and the addition of the Data Health Scorecard Gianoni also pointed to significant additions to the executive team as among the quarter’s accomplishments. This includes the hiring of Kevin McDearis SVP of global product development, announced this week. McDearis was CIO of Manhattan Associates from August 2012 until taking the new job. He was with Checkfree from October 1996 through its purchase by FiServ in 2007 and was CTO, Fiserv Enterprise Technology from September 2008 through August 2012.
Exact has decided to market its own accounting products with Exact Online as it tries to kick start sales of the new cloud product in the United States. Exact entered the market here last year by selling Exact Online in combination with QuickBooks. But in a news-filled earnings webcast this week for the second quarter ended June 30, CEO Erik van der Meijden said customers “can buy our integrated solution, or they can buy our industry solution in combination with QuickBooks.” Exact is also going to leverage three U.S. manufacturing software units--Macola, JobBoss and Max--with Exact Online JobBoss launching during the current quarter.
Kerr Consulting and Support and has formalized its software development program, after two years of program evolution. Phil Smith, national sales manager of The Woodlands, Texas-based company, said that two years ago Kerr hired an employee for internal CRM development. Those duties were enlarged and have recently become part of a department whose products include the Accounts Payable Selection Grid for Sage 300.