Sage Software’s U.K.-based parent company, the Sage Group, reported revenues of $1.12 billion for its half-year, which ended March 31, an increase of 34 percent over the same period a year ago.
Profit for the period was $238 million, an increase of 12 percent over a year ago.
“Seven percent of that was organic growth and the rest was acquisition growth,” said Sage Software chief executive Ron Verni. “We’ve grown our business, we are a highly inquisitive company [and] we believe we’re a consolidator in all the segments that we deal in. We will continue to acquire as we go forward so it will always be part of our strategy.”
The total half-year revenue for Sage Software was $496 million, an increase of 67 percent for the year-over-year period.
Globally, the Sage Group serves 5.4 million customers, while in North America, Sage Software has nearly 2.8 million customers (both figures excluding clients who use customer relationship management products). Since October, Sage Software has accumulated nearly 100,000 new customers.
“Dimensionally, what a lot of people don’t understand about us -- because of the scale we’ve reached pretty quietly -- is that although we have a lot of competitors, we are the largest company of what we do worldwide,” Verni said. He noted that Intuit is confined to North America and that while Microsoft is a major player in the enterprise resource planning space, its applications aren’t known beyond North American and Scandinavian countries.
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