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08 May 2008
SMEs are still spending on accounting software, Sage has said as it clocked a pre-tax profit of £122.6m for the period to 31 March, up from £108.6m on the previous year.
UK revenues grew 12% from £107.5m to £120.2m in comparison to the same six months last year.
Paul Harrison, group finance director for Sage said: 'We have a 5.5m SME customer base and even though we are facing a touch economic market, SMEs still need support'.
The results also reveal that Sage continues to grow but its Healthcare Division had slumped, from £249m to £248.5m. Sage Healthcare makes up 11% of the overall company.
In response to the launch of CODA2go the new force.com application released by Coda this week, Harrison said: 'They have no brand in the SME market.
'We have a good relationship with business. If you get the support right the customers will renew their contracts.'
Earnings per share were up 9% to £7.30.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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