Compensation for Intuit CEO Brad Smith was essentially unchanged for the year ended July 31. Unchanged, however, is a matter of perspective. He received $12,463,669 for fiscal 2013, down from $12,564,585 in 2012, which for the rest of us is $100,000 a year, but which translates into an eight-tenths-of-one-percent decrease. Generally, an increase of stock awards made up for a more severe drop in non-equity incentive compensation. In that latter category, Smith got $1.12 million for the most recently ended year, down 32 percent from $1.65 million the prior year.
Sage says organic revenue grew by 6 percent for its North American operations for the year ended September 30. That's up considerably from the 2-percent increase reported for fiscal 2012. Don't look for exact numbers for the continent or the United States in the parent company report as those are contained in results for the Americas. For the hemisphere, EBITA was roughly $188.4 million, up 7 percent from the prior year, while Americas revenue was $734.2 million, an 8-percent rise.
Sage has launched the Accountants Business Cloud in the United Kingdom. And the immediate question is whether this will be coming to a United States near you soon. An inquiry to public relations drew the following basis "they are currently exploring what elements of the Accountants Business Cloud would make sense to leverage for the North American accountant business."
Online vendor Xero is redoing its pricing. The company is increasing the number of accounting editions available to business users and changing the subscriptions amounts. According to an investor presentation given recently, Xero has gone away from its small, medium and large versions which were priced at $19, $29 and $39 per month respectively. The new lineup begins with the Starter edition at $9 per month, then scales up to the Standard version for $40 per month.