Cloud accounting company Xero plans an initial public offering in the United States for the year ending March 31, 2015. The company raised $150 million in capital late in 2013, largely from American investors, and you'd think these folks want their money back at some point. You know, the fact that an IPO is likely in the next eight months makes a lot more sense in explaining why Xero said it would not have have its second U.S. Xerocon this fall.
Microsoft did its usual and reported a gazillion dollars in results for the year ended June 30. But that is not the most interest thing about the earnings webcast for the fiscal 2014 results. The thing that stood out is that CEO Satya Nadella participated in the event. And you may not think this is special – after all don’t CEOs take part in the earnings presentations? In the overwhelming number of cases, that’s true. But in Microsoft’s, it hasn’t been the practice. If former CEO Steve Ballmer was on any of the calls, I don’t remember and I started listening to them after the purchase of Great Plains in 2001, back when Bill Gates was CEO.
No, the company didn’t phrase it this way. But Sage’s organic revenue growth for the nine months ended June 30 was 4.7 percent over the prior year and the rate was 4.3 percent for the most recently ended quarter, Sage said this week. The company expects business to pick up in the fourth quarter and to close fiscal 2014 with 6 percent-organic revenue growth. Lame duck CEO Guy Berruyer said in the company’s interim management statement that “We remain confident of achieving our target of 6-percent organic revenue growth in 2015.”
Greg Hammermaster, who led Sage Payment Solutions for the last five years, has left the company. Christine Scappa, a 14-year Sage veteran led a briefing today as acting president of the group. Her LinkedIn page shows her as SVP of Sage Payment Solutions while Hammermaster’s does not reflect a change in the position he held from October 2008. However, Sage public relations confirmed that he "left Sage a few weeks ago."