Feeds

Sage knows its onions

Healthy financials down to key acquisitions and strong channel

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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.®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.