With the National Retail Federation holding its Big Show in New York City next week, the wires will be drenched in stories about retail systems. That includes Acumatica, I believe a first-time exhibitor, which is introducing the Acumatica Retail Management Solution, described as "as complete system for retailers that combine Magento eCommerce and Point of Sale technology built on the Acumatica platform." The product is actually coming from Intuitive Tek of Lakewood, Colo., which is led by president Brian Storrs and Doug Hellenback, VP of operations. Also debuting is Mobile 2.0 for its Prism system from Retail Pro International.
Infor, which has been investing heavily in product development, broke into the black for the second quarter ended December 31. The company has been built via aggressive acquisitions and the resulting debt has been a drain on earnings. But with the recent period, things clicked. Net income for the most recently ended period was $63 million, compared to a loss of $22.7 million the prior year. Quarterly revenue was $698.5 million, a rise of 2.3 percent from $682.5 million in last year's corresponding period.
SAP's operating profit moved up by 10 percent while IFRS revenue was up by 4 percent at constant currencies, according to preliminary financial results for the year ended December 31. That came as the year ended on a 2-percent rise software revenue for the fourth quarter, while operating profit for that period increased by 13 percent. We'll get the official explanation later as SAP does not hold its earnings call for the initial release of results.
Dynamics Master VAR Socius has made The Northlake Partners a sales affiliate. The Dublin, Ohio-based reseller says the acceptance of Northlake brings the number of organizations in its program to 19. Bothell, Wash.-based Northlake, led by managing partners, Tom Williams and Adam Herman, was founded in 2008.