Feeds

Sage butters up SMEs in fiscal first half

But US wing of biz still flagging

Beginner's guide to SSL certificates

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. ®

Secure remote control for conventional and virtual desktops

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
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
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.
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?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.