Sage announces 6% growth as it releases annual results
Accounting software business hits revenues of £1.4bn
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.”
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceBoard of Banking Competition Remedies awards £10m grants to four fintechs, including Modulr, to drive expansion of lending or payments services to SME...
View articleAccounting software firm Sage invests £40m in new tech hub in North East England, as part of its national £300m and 500 job commitment. Sage, the clou...
View articleSabby Gill, MD for Sage in UK and Ireland, on the high-wire balancing act accountants must tread to implement new technology - and make sure they are ...
View articleSave time, meet deadlines and increase your efficiency with this flexible and secure Payroll Bureau software. Hear first-hand from Damon Tunnicliffe, ...
View articleUK SMEs are a vital part of the economy - but without automation, they will not be able to free up the employee time needed in order to grow. In this ...
View articleFind out what to expect at this year's Accountex - and how you can register for free to attend the event and meet 220 exhibitors Read More...
View articleNot using automation in accounting and payroll systems could have serious consequences, according to Modulr’s CEO Read More...
View articleJulia Wedgewood, Insight Lead of Accountants and Bookkeepers at Sage, on how accountants can help their clients get ready in time for the MTD deadline...
View article