Accounting News

Accounting Technology,  December, 2005  

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MBS SLASHES LOSS

Microsoft Business Solutions cut its operating loss by 62 percent on a 16 percent increase in revenue as the accounting software unit posted its best results under Microsoft.

MBS lost $12 million for the first quarter ended September 30, down from $31 million in last year's corresponding quarter. Revenue rose to $181 million, up from $156 million a year ago, above the company's guidance. The company said that software revenue rose by 18 percent, but cited no specific products.

SAGE SETS CRM STRATEGY

Sage Ltd., the English parent of Sage Software, has decided to break its country-by-country approach to marketing software in favor of a global strategy for Customer Relationship Management.

Sage has named David Batt general manager of global CRM to put together an organization whose size has not yet been determined. The CRM products to be offered worldwide are Act, SalesLogix, ...