Financial software vendor Sage increased its global turnover by 18 per cent to £455.9m during its half-year financial period ended 31 March 2006, according to unaudited figures released by the vendor today.
Compared to the same period last year, Sage increased its UK turnover by £3.9m to £99.5 in the UK. However, in mainland Europe the vendor achieved both its highest turnover and largest turnover figures with a £34.6m increase on last year to £134.5m.
Global software licence revenues for Sage also grew from £147.3m last year to £161.7m in 2006, while the vendor's services revenues grew by £55.9m to £294.2m during the same period.
Paul Walker, chief executive of Sage, said in a statement: "The first half of 2006 has progressed as expected. We expect increased organic revenue growth for the second half and we therefore continue to view 2006 with confidence."
The vendor increased its global pre-tax profit by 19 per cent to £113.7, from £95.8m in the same period the previous year, and saw a growth of nine per cent in CRM software sales.
Sage spent £281m on acquisitions in both US and France during the financial period and Walker added that it may also look to make further acquisitions.
"We will continue to evaluate acquisition opportunities that meet the evolving needs of customers," he said.
During the period Sage also combined its ERP and CRM software in a move that it claimed would help its resellers to generate new revenue oppertunites (CRN, 13 February).
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