Sage profits leap 52%.
Accountancy software giant Sage has reported pre-tax profits up by 52% for the six months to 31 March this year.
The figures come to #54m compared to #35.5m for the same six months last year. Turnover also saw marked increases between the two periods with a 53% leap from #132.5m to #202.5m.
Company chairman Michael Jackson, said: ‘Our well-defined e-business products and services targeted at our 2.3 million customer base, coupled with recent acquisitions, will help us build on our existing business, the board remains confident about prospects for the year.’
The last six months have been busy for Sage with five completed acquisitions.
Best Software, supplying asset management solutions, was bought in the US while Ubiquis SA of France, supplying web trading software, was acquired in France. Swiss accounting software supplier Sesam was bought while two British outfits, Hartley International and CSM were added to the stable.
Sage’s strategy is firmly linked to the internet with the company believing its customers are looking for safe ways of completing e-transactions.