Sage North America Reports First Half 2013 Results
IRVINE, CA -- (Marketwired) -- 05/08/13 -- Sage North America, part
of the Sage Group plc (LSE: SGE), announced today that total revenue
in North America for the half year ended March 31, 2013 was $US
$325.0 million, an organic increase of 4%* over the same prior year
period. Overall North America EBITA** margin was 25% (H1 2012: 25%*)
as the company continues to execute on its strategy of focusing on
its core business, capturing the technology opportunity and moving to
a subscription pricing model.
UK-based The Sage Group plc reported global revenues of $US 1.12
billion for the half year ended March 31, 2013, an organic increase
of 3%* over the same prior year period (at constant exchange rates).
EBITA** was $301.6 million, or 27% margin, compared with 27%* in H1
Last July, Sage outlined a new global strategy, with the intention of
growing the Sage brand worldwide. With an agenda driven by innovation
to respond to customer needs, the company focused on its core market
set -- accounting, ERP, payroll, business management, and adjacent
products and services, such as payments.
"Under a unified Sage brand, we are taking cues from our customers,
innovating based on their feedback, and working to deliver the
products and services small and medium sized businesses need to most
effectively manage their operations and realize their business
ambitions," said Sage North America President and CEO, Pascal
Houillon. "Execution of our strategy is paying off, with solid
revenue growth of 4% in North America in the first half of FY 2013."
Furthering this strategy in North America, in H1, Sage centralized
R&D under chief technology officer and head of product strategy
Himanshu Palsule. New products and enhancements during the period
included new connected services and mobility enhancements across the
company's business management solutions portfolio plus new payments
services. In February, the company divested its non-profit, ACT! and
SalesLogix businesses, also in alignment with this strategy.
Sage North America has continued to focus on delivering practical
solutions to help small and medium sized businesses streamline their
operating processes; especially important to customers as they emerge
from a challenging econo
*Results are in USD using an annual average exchange rate of $1.58
USD per GBP.
**EBITA is defined as earnings before interest, tax and amortization
of acquired intangible assets.
The Sage Group plc is a leading global provider of
business management software to small and medium sized companies,
creating greater freedom for them to succeed. Sage understands how
and why each business is unique. We provide products and services
that suit varying needs, are a pleasure to use and are secure and
efficient. Formed in 1981, Sage was floated on the London Stock
Exchange in 1989 and entered the FTSE 100 in 1999. Sage has over 6
million customers and more than 13,380 employees in 24 countries
covering the UK & Ireland, mainland Europe, North America, South
Africa, Australia, Asia, and Brazil. For further information please
For more information about Sage in North America, please visit the
company website at NA.Sage.com. Follow Sage North America on
Facebook, Facebook.com/SageNorthAmerica, and Twitter,
Copyright2013 Sage Software, Inc. All rights reserved. Sage, the Sage
logos, and the Sage product and service names mentioned herein are
registered trademarks or trademarks of Sage Software, Inc. or its
affiliated entities. All other trademarks are the property of their
Sage North America
LFPR for Sage North America
949-502-7750 ext. 218
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