Global financial software publisher Sage Group posted 14 percent increases in its fiscal 2005 revenue and operating profits, to $1.4 billion and $391 million, respectively, for the period ended Sept. 30, versus the same year-ago period.
Total year-end revenue for the Sage Group's North American business -- Sage Software -- rose 13 percent, to $584.7 million, while operating profits jumped 22 percent, to $136.6 million.
Sage North America expanded its product portfolio during the year with the November 2004 acquisition of Federal Liaison Services Inc., a payroll services supplier. The company also unveiled upgrades to its small business software products, including ACT! by Sage 2006, Peachtree by Sage 2006 and Simply Accounting by Sage 2006.Sage also shipped new releases of its mid-market products, including Sage Online Payroll Services; completed upgrades to the MAS 90, MAS 200 and MAS 500 accounting systems for small and midsized companies; enhanced Sage CRM SalesLogix; and launched SageCRM.com -- which provides small and midsized businesses with a full-suite online CRM subscription service.
