Serenic Reports Big Boost in Quarterly and Nine-Month Finaniclal Results

During a period of economic difficulty for the Dynamics community, Serenic Corp. saw its quarterly revenues for the period ended last Nov. 30 increase 13.6% to $2.6 million over the comparable year-earlier period.

The ISV, which targets Microsoft Dynamics NAV non-profit users with integrated financial management solutions, said it got its biggest boost from a 37.4% increase in software license sales. Gross profit for the period was flat compared with the year-earlier period, but the Canadian company showed net income of $154,000 versus a loss a year earlier because of a 31% cut in expenses.

The company said that measures taken by management earlier this year to reduce expenses were augmented by a lower foreign exchange rate and the capitalization of salary expenses related to development of the new version of Serenic's fla


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About Jason Gumpert

As the editor of, Jason oversees all editorial content on the site and at our events, as well as providing site management and strategy. He can be reached at

Prior to co-founding, Jason was a Principal Software Consultant at Parametric Technology Corporation (PTC), where he implemented solutions, trained customers, managed software development, and spent some time in the pre-sales engineering organization. He has also held consulting positions at CSC Consulting and Monitor Group.

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