Feeds

Sage knows its onions

Healthy financials down to key acquisitions and strong channel

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

Accountancy software vendor, Sage, has announced increased turnover and profit for the year ending 30 September. Turnover was up 26 per cent to £191.5 million, compared with £152.1 million for the previous year. Profit before tax stood at £47.6 million, up 27 per cent on last year’s figure of £37.6 million. Sage’s year was marked by a number of acquisitions and sales, which the group’s chairman, Michael Jackson, highlighted as key elements of a strong financial performance. Direct sales divisions, Multisoft and Dataform were sold, pulling in an exceptional profit of £1.2 million, while in the US, Sage bought State of the Art, which has been merged into Sage Software. Software sales to new sites generated £91.2 million during the year, up from £64.4 million in 1997. Jackson said the company remained committed to its channel and was looking to strengthen the links with its resellers. "Our research into the UK market has shown us that the best way to stimulate sales in the reseller channel is not simply to sell our products to resellers but to work in partnership with them, providing them with the tools they need to develop their businesses." Jackson also said the millennium bug had generated a significant increase in sales as had preparation for the Single European Currency, which comes into being in 22 days’ time.®

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.