Sage announces 6% growth as it releases annual results

Sage announces 6% growth as it releases annual results

Accounting software business hits revenues of £1.4bn

ACCOUNTING SOFTWARE company Sage’s annual results to the year end 30 September 2015 has revealed organic revenue growth of 6%, reaching £1.4bn – up from 5% the year before.

Organic recurring revenue by rose 9%, up from 7% in 2014, with software subscription the primary driver.

The company launched its flagship product Sage One in Brazil, Malaysia and Australia over the course of the year, with further global expansion planned.

Significant partnerships were also confirmed with Salesforce, Microsoft, PwC, Deloitte, Barclays, Telefonica, Google, Constant Contact, Neat and Costco.

Sage group CEO Stephen Kelly said: “Our aim is to support businesses by providing the technology and ecosystem that they need to be successful and to grow. This is one of many milestones that helps us to connect our customers to accountants and partners with real time and intuitive information about their business.

“Sage One is central to our strategy of addressing the white space opportunity of small and medium businesses which are not using any means of accounting software currently.”

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