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News from Adonix |
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Sage Group plc Exceeds $2.29 Billion WorldwidePittsburgh, PA - November 28, 2007
Adonix’ parent company, UK-based The Sage Group plc, today reported global revenues of $2.29* billion for the year ended September 30, 2007, an increase of 30% over the same prior year period (at constant exchange rates*). EBITA for the year was $561.2* million, an increase of 20% over the prior year, and the company added 319,000 customers during the year, bringing its total to 5.5 million businesses worldwide.
Chief Executive, Paul Walker, commented: "Sage has had a successful year, once again delivering double digit revenue and profit growth and substantial cash generation. We have continued to see strong organic revenue growth whilst expanding our product and services portfolio through strategic acquisitions."
"We are confident that our consistently strong cash flows and recurring revenue streams provide a solid foundation for future growth through both organic and acquisition-led investment. We see many opportunities arising from the changing needs of our core SME customer base which this year reached 5.5 million. Developments in technology, a greater demand for customized solutions and the increasing use of value-added products and services all provide a rich source of long term growth from which we are well-placed to benefit."
"Going into 2008 we anticipate further good performances in the UK, Mainland Europe and the rest of the world. As we step up investment in our North American business to accelerate our sustainable organic growth over the medium term, we expect an impact on margins in 2008."
"The new year has started well, with all regions performing in line with our expectations. Whilst we recognize the current uncertainties in the macro-economic situation, the defensive characteristics of our business model lead us to view 2008 with confidence."
| More info on sage.com |
*Results are in USD using an annual average exchange rate of 1.98 USD per GBP.
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(c) 2008 Adonix North America - ERP Software for Mid-Sized Businesses |
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