Xero has posted a letter with two appendices in response to a query by the Australian stock exchange about the recently reported loss for the year ended March 31. Xero's loss of about $54 million was 96 percent higher than in fiscal 2014. The cloud software company's revenue for 2015 was roughly $141 million, 81 percent higher than in the prior year. Also posted on the New Zealand Exchange's website, the Australian Exchange's question was whether a reasonable person would consider the increased loss as having a material impact on the price or value of its securities.
Don Deshaies, VP of channel management, has left Sage North America. Deshaies joined Sage in February 2014 and left to pursue a new opportunity, according to a statement from the company. Since the statement says opportunity, not opportunities, I concluded he is going to another job. (Well, thinking now maybe not). While Sage searches for a replacement, Joo Sohn, director of partner programs will take care of the channel.
SAP said its sales machine worked across the world as revenue in all regions was up by double digits. That analysis came during this week's earnings webcast as the German software giant released its earnings for the first quarter ended March 31. Total revenue was $3.86 billion, a rise of 30 percent from $2.98 billion in last year's corresponding period. While cloud bookings were up 120 percent, good old-fashioned maintenance revenue had 17-percent growth, coming in at $2.45 billion for the most recently ended quarterly, up from the prior year's $2.1 billion.