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) SaaS Acquisitions Recommended for ADP and Intuit
On November 19, Intuit Inc. (NASDAQ: INTU), the tax preparation and small business accounting software maker with annual revenue of $3.1 billion, reported its first quarter results. Revenue increased 8% to $481 million while net loss widened from $20.8 million, or $0.06 per share to $52.1 million, or $0.16 per share as it lost the income of outsourced payroll assets it sold last year to ADP. Adjusted loss per share was $0.09 versus $0.10 last year in the typically slow first quarter. Analysts estimated loss of $0.12 per share on revenue of $481.4 million.Intuit ended the first quarter with $747 million in cash and investments. Capital expenditure was $67 million and it bought back shares worth $165.
By segment, revenue from QuickBooks grew 6% to $152 million, Payroll and Payments increased 16% to $152 million, Consumer Tax grew 7% to $14 million, Accounting Professionals rose 16% to $21 million, and Financial Institutions revenue (including Digital Insight) grew 3% to $75 million. More>>
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) Intuit goes global using mobiles
Intuit's QuickBooks small business accounting software runs the back office for many of North America's 31 million small businesses. Now Intuit plans to expand globally by targeting 10 Asian countries, including India, Indonesia, Malaysia and South Korea. Collectively, these 10 Asian countries have 250 million small businesses. . More>> - (
) Software Tips From the 10 Best Shops
Business software can be used to improve the productivity of order entry, purchasing, accounting, shop scheduling, work order control, inventory control, materials resource planning, payroll and shipping and receiving.The software used by the 10 Best Shops spans the spectrum from a fullblown Enterprise Resource Planning (ERP) system that is supported by in-house application programmers to a shop that uses only Excel spreadsheets, Microsoft Scheduler and Peachtree Accounting for Manufacturers.
About 10 years ago, B&B Manufacturing in Valencia, Calif., had to implement a full ERP system to get a large production contract. B&B Manufacturing has about 220 employees.
The shop bought an ERP package from Mfg Software in Orange County, Calif. that included the source code to the programs. More>>
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) NetSuite delivers first ERP-based SaaS suite for the Japanese market
NetSuite enables Six Apart's TypePad, Movable Type, and VOX blogging businesses to have one suite of business accounting software, including financials and revenue recognition, without requiring a large accounting staff or expensive on-premise business software. After acquiring a subsidiary in France and creating one in Japan, Six Apart found itself needing to invoice its customers in euros and yen as QuickBooks was unable to perform this function across different locations and multiple currencies. NetSuite OneWorld has enabled Six Apart to consolidate its three instances of NetSuite into a single, unified view, giving the company's Chief Financial Officer the ability to view financials in local currency (for each individual entity), as well as the ability to run financial reports in a consolidated, multi-currency ERP / accounting software system. More>> - (
) HiTech Computer Services - www.accounting.EU.com makes available
Barcode Inventory Control, Accounting and Business Management Software We have Integrated Financial Accounting software with barcode for following user segments:
Business Houses * organizations * Traders, Dealers, Distributors or Stockists of Goods, Consumer Items, Pharmaceuticals * Wholesalers * Large Retailers * Medical Suppliers * Industries * Manufacturing Units * Automobile Dealers * Vehicle Service Stations * Garages * Petrol Pumps * Hotels, Guest Houses, Motels * Hospitals, Nursing Homes, Pathological Labs, X-Ray Labs * Newspapers, Magazine, Periodical Publishers * Commodity Brokers
Our software have features specific to the requirements of above user segments . HiTech offers the simplest, easiest-to-use manufacturing Bar code solutions in the industry. More>>