Feeds

Sage butters up SMEs in fiscal first half

But US wing of biz still flagging

Choosing a cloud hosting partner with confidence

British software outfit Sage saw a mild upswing in pretax profit and revenue in the first half of its fiscal year as SMEs tentatively splashed some cash.

The company's boss Guy Berruyer attributed the gentle rise to an "increase in business confidence for SMEs in the period".

Sage reported pre-tax profit was up 5 per cent to £167.2m for the first half ended 31 March, compared to £159.6m in its 2010 H1.

The accountancy software maker posted revenue that rose 3 per cent to £742.7m from £718.9m for the same period a year earlier.

Berruyer cautioned that the "outlook remains uncertain" and admitted that the "picture varies by geography".

He added that the company's troubled North American biz had returned to growth in the period, but despite that the US wing of Sage suffered a 5 per cent decline in its healthcare business.

Indeed the US division remains the lacklustre cousin compared to other regions where Sage operates.

Revenue was flat in the North American wing of Sage's business, with the company reporting sales of £270.9m in that region, with operating profit falling 4 per cent to £57.9m.

The firm hit a brighter note in Europe, where it saw a 5 per cent growth in revenue for the period to £401.5m. In the company's Africa, Australia, Middle East and Asia region sales climbed 13 per cent to £70.3m.

"With growth returning to the business, a large and loyal international customer base, and a strong balance sheet, I am confident that Sage is well positioned to capitalise on its many growth opportunities, and look forward to continued progress in the second half of the year," Berruyer said. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.