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. ®

Providing a secure and efficient Helpdesk

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
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
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
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.