Feeds

Sage clears the quarter

Challenging and unchanged

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Small business and accountancy software provider Sage has hit targets for the quarter, but warned that trading remains tough.

Unaudited figures for the nine months to 30 June 2009 show the company hit management expectations for the period. Audited figures for the six months ended 31 March showed sales of £748.4m, up 17 per cent.

Sage said subscription revenues were growing strongly and cost cutting at the firm had been successful. Sales in the UK, mainland Europe and the rest of the world remain resilient while the US is making progress on restructuring. Sage remains confident that the medium-term margin targets in the US will be met.

The company cut debt from £558m on 31 March 2009 to £491m on 30 June 2009. It has committed facilities of £810m until 2011

Paul Walker, Sage's chief executive, said: "There has been no significant change in market conditions during the quarter ended 30 June 2009 and we are planning for markets to remain testing. However, our proven business model and large, geographically diverse, customer base give us confidence that we are well positioned for these conditions and the eventual market recovery."

The full statement is here. ®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?