Feeds

Pegasus Opera sales beating forecasts

Systems Union back in the black

  • alert
  • submit to reddit

High performance access to file storage

Systems Union, which supplies mid-range accountancy software systems, today said it had managed to drag itself back into the black.

The company posted a pre-tax profit of £679,000 (seven pence per share) for the six months ended 30 June 2001, compared to losses of £96.5 million (£1.15 loss per share) for the same period the previous year.

EBITA from operations was £1.5 million, up from a first half loss of £7.5 million in 2000.

Sales at the UK outfit, which owns the SunSystems and Pegasus Software brands, grew to £36.8 million, from £15.7 million.

The company said Pegasus had hit revenue and profit targets for the six months, and that sales of its Opera range were ahead of forecast.

Bob Morton, Systems Union chairman, described current trading as 'encouraging', due to major orders such as contracts with the Seventh-Day Adventist Church. He said further contracts were due to be finalised later in 2001.

"The Board believes that the progress made in the first six months will continue into the second half of the year," added Morton.

Related Link

Systems Union statement

Related Stories

Systems Union touts reverse profit warning
Systems Union losses soar
Systems Union launches SunSystems 5

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.