Sage adds up threat from Redmond
Print storyDouble entry bookkeeping
Posted in Business, 30th April 2002 12:14 GMT
Increase your knowledge of the latest threats to your busines
Sage, best known as a supplier of accountancy software, has met analyst expectations in posting six month profits up 10 per cent from £40.8 million to £44.9 million.
Sales of services and software to Sage's existing SME client base remained buoyant, and helped compensate for the company's difficulty in attracting new business.
Revenues for the six month to March 31 came in £279.8 million up at 22 per cent on the £229.6 million in recorded during the same period last year. So grounds for cautious optimism but Sage, which bought seven companies over the past year, would be well advised to keep a watchful eye towards Redmond, as Microsoft acquires firms that make it a stronger competitor in the segment.
Last year Microsoft bought Great Plains Software and reportedly plans to further boost its portfolio in the area with the acquisition of Navision Damgaard. Negotiations are at an advanced stage, FT.com reports, on a deal worth an estimated $1.2 billion. ®
Related stories
See what The Register's experts have to say on application security
The future of SaaS and IT infrastructure management
Can Outsiders Enhance Exchange?
The Total Economic Impact of Dell's PC products and services
The best practices guide for application security
Reducing messaging and web security costs with managed services
Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter