| Friday, 27 January 2012 16:21 |
 For all the talk about cloud-based applications, SAP made a strong declaration this week about the economics of that business: the cloud is not producing a return. “So far, no company is making money in the cloud,” according to co-CEO Jim Hagemann-Snabe.
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The Editor
Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.
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EPICOR’S ERP REVS UP 6.4 PERCENT 
Epicor Software reported revenue rose to $133.4 million for the first quarter ended December 31 while its retail revenue dropped. That ERP figure was out of a total of $209.4 million, up from $89.8 million a year earlier. The basic financial reports are a tough read in the usual analytical terms since the year-ago comparison are for Epicor before it was melded with Activant under the Epicor name.
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Exact ended 2011 with a 5.5-percent drop in revenue because of the company’s closure of operations in several countries last year and divestment of its Sligo subsidiary in 2010. Net profit dropped to about $19.3 million, off by 55.7 percent from 2010. The bottom line was impacted by an impairment charge of about $24 million for its Longview operations.Events Calendar
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About the Author: Gene Marks, a columnist, author, and business owner, writes monthly online management and technology columns for Forbes and Business Week and a bi-weekly column that appears nationally in American City Business Journals. His books include Gene's books include the #1 Amazon Small Business Best Seller The Streetwise Small Business Book of Lists (Adams Media), The Small Business Desk Reference (Alpha Books, 2004), Outfoxing The Small Business Owner - Crafty Techniques for Creating a Profitable Relationship (Adams Media, 2005) and The Complete Idiot's Guide To Successful Outsourcing (Alpha Books, 2005). He owns and operates the Marks Group PC, a ten-person firm that provides technology and consulting services to small and medium-sized businesses. Before starting the Marks Group, Marks spent nine years in the entrepreneurial services arm of the international consulting firm KPMG in Philadelphia where he was a senior manager. |
