Edgewater Technology, which owns Dynamics Fullscope, saw a sharp drop in earnings for the second quarter ended June 30 as customers postponed the start of projects. Edgewater reported net income of $494,000 for the most recently ended period, down 72.3 percent from $1.7 million The bottom line suffered with gross profit dropping to 34.1 percent from 37.3 percent a year ago while operating expenses rose to slightly more than $9 million, an increase of 17 percent from $7.7 million in last year's corresponding period.
Maybe someone at Sage read my comment that a maintenance contract for Sage Life would be called Life Support. Anyway, the product is now Sage Live and the company gave a brief view at the Sage Summit conference now underway. Live has three editions, Essentials, Standard and Premium. Essentials financials for one country; single-country compliance; real-time scoreboard and reporting; "Mobility, Social, and Community" (according to the slide image I saw), a "Success Support Plan"; and two designated users.
Sage says that organic revenue grew by 7.5 percent for the third quarter ended June 30, driven by a 34.2-percent rise in subscription revenue. Sage provided the information in a webcast of a recent trading update for the quarter. In trading updates, European companies do not provide earnings and revenue amounts. Much of the growth came in the United States and France, according to CFO Stephen Hare. However, Hare said, "We have started to see some impact in North America, where we have started to push upgrades and reactivation of Sage 50."
The 2015 President's Club for Microsoft Dynamics looks smaller in two ways. First, the decision that businesses could not be selected for both this honor and the Inner Circle decreased numbers. This year, there are 110 and the 2014 list seems to have 190 names from a rough count. Second, in the reseller arena, the P.C. firms are generally smaller than the I.C. resellers. Now, both groups include more than just VARs—for example, Fujitsu. But for the more "pure VARs"—increasingly hard to define, size is the best divider.