Sage Software said it reached $1.01 billion in revenue in the fiscal year ended Sept. 30, 2007, a 54 percent increase over last year.

The company, which is the North American business of the United Kingdom's Sage Group, also saw a 28 percent jump in earnings before interest, taxes and amortization, to $198.1 million.

"Our business in North America continues to be strong with a solid divisional structure that is focused on meeting the needs of our customer segments," said Sage Group CEO Paul Walker in a statement.

Sage's parent company saw revenue of $2.29 billion for the year ended Sept. 30, 2007, an increase of 30 percent over the prior year period, at constant exchange rates. EBITA for the year was $561.2 million, a 19 percent increase over the prior year.

The Sage Group added 319,000 customers during the year, bringing its total to 5.5 million businesses worldwide, excluding customers of its Act! contact management software.

North American revenues represented 44 percent of the Sage Group's global revenues in 2007. Sage Software recently underwent a management reshuffling that saw the ouster of several top executives (see Sage Jettisons North American Execs). In May the company reorganized into four divisions, with its accounting software products in its business management division.

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