Feeds

Sage interim profits jump

Rest of world comes on stream

  • alert
  • submit to reddit

Intelligent flash storage arrays

UK accounting software specialist Sage has posted decent profits for the six months ended 31 March 2004.

Interim profits before tax grew 17 per cent to £87m and turnover hit £332m, growth of 23 per cent. Sage shares rose slightly on the news. UK turnover was up seven per cent to £91m and mainland Europe contributed £89m, 23 per cent up on last time.

The company has changed the way it presents its accounts because of acquisitions made through the year. A new unit, called "rest of world", will include South African company Softline, bought in August 2003 and Asian-Pacific interests of US company ACCPAC, picked up in December. Sage also bought Spanish company Grupo SP in October 2003 - this contributed revenue of £12m.

The accounts summary is here. ®

Related stories

Sage buys ACCPAC for $110m
Sage profits, customers jump
Softline agrees Sage bid

Remote control for virtualized desktops

More from The Register

next story
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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.