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.
www.sage.com.
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View articleWhen employees publish opinion and statements on social and other online mediums, they may be leaving themselves open to interpretation of codes of et...
View article