TechnologySage interim revenues surge 34%

Sage interim revenues surge 34%

Business software group sees interim revenues climb to £574.7m

Business software company
Sage Group saw
its interim revenues for the six months to 31 March 2007 surge 34% to £574.7m,
as the seven acquisitions made by the group in 2006 helped to boost earnings.

Organic revenues climbed by a more modest 7%, compared with 5% over the same
period in 2006, but the contribution of newly acquired businesses ensured that
earnings before interest, tax, depreciation and amortisation climbed 22% to
£138.6m.

‘After a record number of acquisitions last year, the focus in the first half
of this year has been on integration and growth in our organic business,’ said
Sage chief executive
Paul
Walker
. ‘For the remainder of the year, we will concentrate on
further operational improvements to recent acquisitions, the reorganisation of
our North American business and sustained organic growth.’

Sage’s UK business gave a particularly strong showing, as revenues for the
period rose from £99.5m in 2006 to £106m this year.

The group’s
Line
50
accounting package was one of its best performers in the UK,
with earnings growth of 11%. Sage added that Payroll and Line 100/MMS also ‘grew
strongly’.

Further reading:

View
the full results

Sage chairman resigns

Sage goes live with accounts online

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