Sage Software's U.K.-based parent company, the Sage Group, reported revenue of $1.29 billion for the half-year ended March 31, 2008, a 9 percent increase over the same period last year.
Adjusted pre-tax profit for the period was $278.0 million, an increase of 9 percent over last year. The results took into account foreign currency translation results that adjusted the figures for both years.
However, revenue for Sage's North American business, Sage Software, for the half-year was flat at $500.7 million, mainly due to disappointing performance at Sage's healthcare division. Excluding that division, organic revenue growth was 5 percent. Earnings before interest, taxes and amortization declined from 19 to 18 percent, reflecting increased investments in customer service.
During the past half-year, the company delivered its Accpac ERP Extended Enterprise Suite, provided integrated credit card processing for Peachtree customers, introduced a new family of Simply Accounting 2008 products, and debuted the latest versions of Act for Real Estate, Sage MIP Accounting, and Sage Fundraising 50 and 100 for nonprofits.
