Feeds

Sage ups profits and revenues

Solid accounts from accountants...

Business security measures using SSL

Accountancy software specialist Sage increased turnover by 14 per cent and profits by 13 per cent for the financial year ended 30 September 2005.

Turnover was up to £776.6m, from £682.6m last year, and pre-tax profits were up from £181.1m last year to £205.4m this year.

The firm claimed organic growth of six per cent and said 2004's acquisitions of SP, Softline and Accpac contributed 17 per cent of revenues. Operating margin stayed at 27 per cent.

The UK provided £195.8m of turnover, £312m came from North America and £189.3m from mainland Europe. CRM was the fastest growing product category with nine per cent growth on last year.

Sage is switching to reporting results under International Financial Reporting Standards for the six months to 31 March 2006 - the group will therefore restate results, under the new rules, for 2005 early next year.

The company remains confident looking forward - chief executive Paul Walker said: "The start to 2006 has been encouraging and we therefore view 2006 with confidence."

More on the Sage website here.®

Reducing the cost and complexity of web vulnerability management

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
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.