Kanata-based supply-chain software company posted revenues of $60.1 million for the three-month period ending June 30, down slightly from $61.3 million a year earlier.
Supply-chain software maker’s revenues jumped nine per cent year-over-year, but company also posted its second straight quarterly loss.
Kanata company’s market capitalization fell from about $4.4 billion on Wednesday to $3.67 billion at the close of trading Thursday.
Former Shopify VP of finance Blaine Fitzgerald will take over as chief financial officer of the Kanata-based software company.
Ottawa supply-chain management software maker has asked court to dismiss a lawsuit filed against it and alleges that U.S. firm misappropriated Kinaxis's trade secrets.
With in-person events on hold for the foreseeable future, event planners in the capital are putting a new spin on virtual gatherings.
Philanthropy in Ottawa: Kinaxis supports struggling music industry with funding for virtual concert series
Kinaxis InConcert will feature approximately 30 concerts live-streamed from stages across Canada.
In the suit filed in U.S. District Court, Arizona-based Blue Yonder claims that Kinaxis used solutions invented by the U.S. firm.
The firm that couldn’t crack $10 million in annual sales when its CEO arrived is now projecting revenues of at least $220 million in the current fiscal year.
Avison Young is forecasting the local vacancy rate at around seven per cent, the second-lowest among major Canadian cities behind Vancouver.