Articles about Accountancy Software

Sage unimpressed by French performance

Brit accountancy software biz Sage ground out a relatively decent set of fiscal 2012 financial results as it moves towards more cloud-based sales. Organic revenues from continuing operations went up two per cent year on year to £1.34bn and profit before tax edged up just one per cent to £334m. CEO Guy Berruyer described the …
Paul Kunert, 6 Dec 2012
The Register breaking news

Big in Brazil: Sage gobbles accountancy software firm

The Sage Group have bought a Brazilian accountancy software company, sweeping in an extra 4000 customers. The £10.6m buy-up of Empresa Brasileira de Sistemas (EBS) adds to a series of big company acquisition by Sage in the past months to strengthen Sage's dominant position in Brazil. Sage paid £10.6m (R$35.0m) for the …
Anna Leach, 24 Sep 2012
The Register breaking news

Sage 'satisfied' as squeezed small biz still puts out

Sage the British software juggernaut said that its trading results had held up since 1 October, despite the strain on its core customer base in small businesses. In an interim manager's statement CEO Guy Berruyer described Sage's performance in the past three months as "satisfactory": “In the context of a macro-economic …
Anna Leach, 24 Jan 2012
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Sage warns of bumpy ride ahead

Unstoppable accountancy software juggernaut Sage kept its foot on the gas in fiscal 2011 to record decent top- and bottom-line gains but warned of some danger signs on the road ahead. The firm made £331m pre-tax profits, up 11 per cent on sales of £1.33bn, a rise of 4 per cent for the year ended 30 September. In Europe sales …
Paul Kunert, 30 Nov 2011
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Sage butters up SMEs in fiscal first half

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 …
Kelly Fiveash, 4 May 2011
The Register breaking news

Sage reports gentle SMB spending

Accountancy software company Sage is seeing a steady flow of small businesses spending money on its products in the firm's first quarter. Newcastle-based Sage, which just last week launched an online accounting package aimed squarely at SMBs, said in a statement this morning that results for each of its divisions were in line …
Kelly Fiveash, 26 Jan 2011
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Sage makes British buy

Accountancy and small business specialist Sage has bought UK firm Snowdrop Systems Limited. Sage is paying £17m in cash for the company which made sales of £7.5m in the year ended December 2006. Snowdrop has headquarters in Witney, Oxfordshire as well as offices in Australia, Barcelona, and Glasgow. Snowdrop makes systems …
John Oates, 8 May 2007
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Watermark buys Cedilla

Cedilla Systems, the Manchester reseller, is selling itself to a Dutch dealership. Watermark, which dubs itself the leading Microsoft Dynamics partner in Europe, aims to complete the takeover in June. Manchester-based Cedilla is best known for supplying REgenerist software based on Microsoft Dynamics NAV. It had a turnover …
Kelly Fiveash, 27 Mar 2007

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