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by Jeff Moad, MA Editorial Staff Posted on Friday, December 22, 2006 5:01:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Enterprise software vendor posts $16.7 million loss in the period; recently acquired hospitality industry software contributes to 11% increase in overall sales to $19 million to offset decline in core business line |
| Keywords: | SoftBrands, SAP, Nestle, ERP, enterprise software |
Undermined by acquisition-related charges and a decline in manufacturing software sales, fourth-quarter financial results reported yesterday by SoftBrands Inc. revealed a $16.7 million net loss, on $19 million in total revenues. SoftBrands' total revenue figure for the period ending September 30 did represent an 11% improvement from the fourth quarter of last year. Much of the revenue increase was due to SoftBrands' acquisition in August of Hotel Information Systems, a maker of software for the hospitality industry. The acquisition increased revenues from SoftBrands' hospitality software products by 65%. For the quarter, manufacturing software represented 65% of SoftBrands' revenues, while hospitality represented 35%, the company said. [Click to continue] |
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