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by Alan Alper, MA Editorial Staff Posted on Tuesday, May 09, 2006 5:11:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The business software vendor's overall financial results surged in the first half of fiscal 2006, led by CRM and new market expansion. |
Propelled by a potent mix of organic growth and targeted acquisitions, Sage Group Inc., the U.K.-based business software computing giant, today reported healthy first-half 2006 financial results that were driven in part by strong adoption of its CRM products and expansion into new markets such as Australia, Canada, Spain, and South Africa. For the six-month period ended March 31, total revenues increased 18% to £455.9 million ($795.5 million) from the equivalent fiscal 2005 timeframe. Top-line growth helped push EBITA (earnings before interest, tax, and net amortization) to £123.1, up nearly 20% from the like period last year. Despite the parent company's strong results, EBITA for Sage Software Inc., the company's North American operation, was flat at £38.7 million in the period. EBITA margins increased one percentage point to 25% from last year's six-month period, driven primarily by the divestiture of a small unidentified business unit, the parent company said. [Click to continue] |
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