The contract of Blackbaud CEO Mike Gianoni has been extended for four years and he has been granted some plump rewards. Gianoni's salary was raised to $700,000 annually, up from a $600,000 based and he was granted a restricted stock grant of the Company's common stock valued at $5 million, which vests on Dec. 31, 2019 if he is still employed. The announcement by the nonprofit software publisher credited Gianoni with "a rapid wave of innovation within its product portfolio, significantly improved client satisfaction, and has experienced more than 60-percent growth in its stock price."
The results for software vendor Infor for the second quarter ended October 31 are difficult to describe. The company swung to a loss over the prior year with a drop in revenue. However, Infor is being impacted by a switch of its fiscal year end from May 31 to April 30, which means the push for sales by the ends of quarters is different. The loss for the most recently ended quarter was $2.9 million, compared to income of $13.1 million a year earlier. Revenue dropped to $663.3 million, down 3.3 percent from $685.6 million in the year earlier quarter.
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Microsoft has not issued statistics about Microsoft Business Solutions, the organization that has pretty much disappeared, in a long time. But on his LinkedIn page, former MBS head Kirill Tatarinov said that MBS "was a $2B business unit developing and marketing the family of Dynamics ERP and CRM solutions". Since Tatarinov has more than 500 LinkedIn connections, this is not exactly a secret. Tatarinov said in his tenure of eight years and four months that he doubled revenue, which fits previously known information.
NetSuite says the latest enhancements to its OneWorld suite support configured tax compliance in more than 100 countries. The cloud software company said this week OneWorld's Global tax supports omnichannel, omni-country business operations, taking into account the origin and destination of shipments in order to calculate the taxes for a given transaction. Within the European Union, it also handles triangulation reporting requirements for business engagements that span three countries.