Revenue recognition

Capital Southwest Announces Financial Results for Third Fiscal Quarter Ended December 31, 2023 and Announces Total Dividends of $0.63 per share for the Quarter Ended March 31, 2024

Retrieved on: 
Monday, January 29, 2024

For the quarter ended December 31, 2023, total operating expenses (excluding interest expense) were $7.3 million, compared to $5.9 million in the prior quarter.

Key Points: 
  • For the quarter ended December 31, 2023, total operating expenses (excluding interest expense) were $7.3 million, compared to $5.9 million in the prior quarter.
  • For the quarter ended December 31, 2023, interest expense was $11.5 million as compared to $10.5 million in the prior quarter.
  • For the quarter ended December 31, 2023, total pre-tax net investment income was $29.8 million, compared to $26.4 million in the prior quarter.
  • During the quarter ended December 31, 2023, the Company did not repurchase any shares of the Company’s common stock under the share repurchase program.

Golub Capital BDC, Inc. Announces Preliminary Fiscal Year 2024 First Quarter Financial Results and Declares Increased Quarterly Distribution to $0.39 Per Share

Retrieved on: 
Wednesday, January 17, 2024

The Company estimates that the number of non-accrual investments remained at nine investments as of December 31, 2023.

Key Points: 
  • The Company estimates that the number of non-accrual investments remained at nine investments as of December 31, 2023.
  • GBDC’s Board expects to continue to evaluate the potential for supplemental distributions under its quarterly variable supplemental distribution framework, which was introduced in fiscal year 2023.
  • 1 On September 16, 2019, the Company completed its acquisition of Golub Capital Investment Corporation (“GCIC”).
  • The Company will host an earnings conference call at 1:00 pm (Eastern Time) on Tuesday, February 6, 2024 to discuss the quarterly financial results.

BillingPlatform Adds 700+ Enhancements and Capabilities to its Market-Leading Revenue Lifecycle Management Platform

Retrieved on: 
Wednesday, December 13, 2023

DENVER, Dec. 13, 2023 /PRNewswire/ -- BillingPlatform, the enterprise revenue lifecycle management platform for innovative business models, today announced its platform enhancements from the past year designed to support innovative pricing strategies, provide seamless onboarding from competitive or homegrown solutions and provide the scale, security and compliance for global deployments.

Key Points: 
  • BillingPlatform also launched its "Mediation Data Lake," which stores detailed transaction data for increased visibility into details to assist with operational and customer-facing requests.
  • Recognize & Report: BillingPlatform now offers its Revenue Recognition product standalone, independently of the core billing platform.
  • The company added functionality to simplify management of revenue contract changes and delivered new reports to provide additional views of Deferred Revenue over time to support financial reporting and monthly close processes.
  • Additionally, Vertex and Sovos tax engines have improved support capabilities and a new formula assist feature that makes it even easier to tap into the endless flexibility of BillingPlatform.

Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2023 and Announces Increase in Total Dividends to $0.63 per share for the Quarter Ended December 31, 2023

Retrieved on: 
Monday, October 30, 2023

For the quarter ended September 30, 2023, Capital Southwest reported total investment income of $42.8 million, compared to $40.4 million in the prior quarter.

Key Points: 
  • For the quarter ended September 30, 2023, Capital Southwest reported total investment income of $42.8 million, compared to $40.4 million in the prior quarter.
  • For the quarter ended September 30, 2023, total operating expenses (excluding interest expense) were $5.9 million, compared to $5.7 million in the prior quarter.
  • For the quarter ended September 30, 2023, interest expense was $10.5 million as compared to $9.7 million in the prior quarter.
  • For the quarter ended September 30, 2023, total pre-tax net investment income was $26.4 million, compared to $25.0 million in the prior quarter.

Replicon Named to Inc.'s Second Annual Power Partner Awards

Retrieved on: 
Monday, October 30, 2023

HERNDON, Va., Oct. 30, 2023 /PRNewswire/ -- Inc. Business Media today announced the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 389 firms in marketing and advertising, health and wellness, financial services, legal, logistics, and productivity, as well as other areas of business.

Key Points: 
  • HERNDON, Va., Oct. 30, 2023 /PRNewswire/ -- Inc. Business Media today announced the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow.
  • All 389 companies received top marks from clients for being instrumental in helping leadership navigate the dynamic world of startups.
  • "Being selected as an Inc. Power Partner is a proud moment for us.
  • In addition to being named an Inc. Power Partner, Replicon recently won a prestigious Stevie award for Customer Service Department of the Year, once again highlighting the company's commitment to its customers.

Replicon Named to Inc.'s Second Annual Power Partner Awards

Retrieved on: 
Monday, October 30, 2023

HERNDON, Va., Oct. 30, 2023 /PRNewswire/ -- Inc. Business Media today announced the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 389 firms in marketing and advertising, health and wellness, financial services, legal, logistics, and productivity, as well as other areas of business.

Key Points: 
  • HERNDON, Va., Oct. 30, 2023 /PRNewswire/ -- Inc. Business Media today announced the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow.
  • All 389 companies received top marks from clients for being instrumental in helping leadership navigate the dynamic world of startups.
  • "Being selected as an Inc. Power Partner is a proud moment for us.
  • In addition to being named an Inc. Power Partner, Replicon recently won a prestigious Stevie award for Customer Service Department of the Year, once again highlighting the company's commitment to its customers.

Cohere Taps NetSuite to Scale Business Processes and Meet Global AI Demand

Retrieved on: 
Tuesday, October 17, 2023

LAS VEGAS, Oct. 17, 2023 /PRNewswire/ -- SUITEWORLD 2023 -- Oracle NetSuite today announced that Cohere, the leading AI platform for enterprise, has selected NetSuite to support its mission to empower enterprises to capture true business value with language AI. With NetSuite, Cohere will be able to take advantage of an integrated business suite to improve productivity, scale its business, and meet the growing demand for generative AI-powered services for organizations across the world. 

Key Points: 
  • With NetSuite, Cohere will be able to take advantage of an integrated business suite to improve productivity, scale its business, and meet the growing demand for generative AI-powered services for organizations across the world.
  • Cohere has raised more than $400 million in funding to help accelerate its leadership in the AI industry and meet rapidly growing customer demand.
  • To support its growth, optimize its financial processes, and increase productivity, Cohere selected NetSuite as its new enterprise resource planning suite (ERP) .
  • "By providing an integrated and scalable business suite, NetSuite will help Cohere stay focused on cutting-edge research as it continues to scale its operations globally."

Capital Southwest Announces Financial Results for First Fiscal Quarter Ended June 30, 2023 and Announces Increase in Total Dividends to $0.62 per share for the Quarter Ended September 30, 2023

Retrieved on: 
Monday, August 7, 2023

For the quarter ended June 30, 2023, Capital Southwest reported total investment income of $40.4 million, compared to $37.2 million in the prior quarter.

Key Points: 
  • For the quarter ended June 30, 2023, Capital Southwest reported total investment income of $40.4 million, compared to $37.2 million in the prior quarter.
  • For the quarter ended June 30, 2023, total operating expenses (excluding interest expense) were $5.7 million, compared to $5.6 million in the prior quarter.
  • For the quarter ended June 30, 2023, interest expense was $9.7 million as compared to $8.8 million in the prior quarter.
  • Capital Southwest has scheduled a conference call on Tuesday, August 8, 2023, at 11:00 a.m. Eastern Time to discuss the first quarter 2024 financial results.

Capital Southwest Announces Financial Results for Fourth Fiscal Quarter and Fiscal Year Ended March 31, 2023

Retrieved on: 
Monday, May 22, 2023

During the quarter ended March 31, 2023, the Company received full prepayment on one debt investment totaling $16.8 million.

Key Points: 
  • During the quarter ended March 31, 2023, the Company received full prepayment on one debt investment totaling $16.8 million.
  • For the quarter ended March 31, 2023, Capital Southwest reported total investment income of $37.2 million, compared to $32.8 million in the prior quarter.
  • For the quarter ended March 31, 2023, interest expense was $8.8 million as compared to $7.9 million in the prior quarter.
  • During the quarter ended March 31, 2023, Capital Southwest recorded total net realized and unrealized losses on investments of $4.2 million, compared to $16.4 million in the prior quarter.

Spiff Announces $50M Series C Funding Round to Accelerate Sales and Finance Automation

Retrieved on: 
Tuesday, May 16, 2023

The company will use the round to build on its industry-leading sales commission portfolio and to begin solving for other complex sales and finance processes that have historically relied on spreadsheets.

Key Points: 
  • The company will use the round to build on its industry-leading sales commission portfolio and to begin solving for other complex sales and finance processes that have historically relied on spreadsheets.
  • Spiff also announced the launch of Spiff Designer, its newest model builder, which revolutionizes commission automation for Finance and Revenue teams.
  • “With sales commission, Spiff cut its teeth on solving a very specific challenge enterprises were facing - how to rebuild trust in the sales commission process.
  • Spiff Designer solves the most pressing problems facing modern finance organizations and enables the shift from traditional finance to modern commission management.