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Reckon Heads For The Cloud

Accounting software provider Reckon has posted a three percent lift in revenue for the six months ended June 30 2017, and notes that subscription revenue rose by eight percent

However net profit slipped from $6.2 million to $5.5m, due Reckon says, to depreciation and amortisation connected with a higher investment in product development. Desktop product revenue declined as more Reckon users moved to the ReckonOne cloud platform.

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