Sage 2005 prelims hit double-digit growth target

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Sage's unaudited finanical results for the year to 30 September 2005 showed a pre-tax profit of 205.4m, a 13% increase on the previous year.

In a recent company briefing, Sage UK managing director Paul Stobart commented that "even in a tough market, single digit growth should not become the new norm".

The source of Stobart's frustration may lie in UK figures that lag some way behind the group's overall performance. UK revenues for 2005 were 195.8m, 5% up from 2004's 185.8m, with growth coming mainly from upgrades of accounting and payroll products to existing customers. The UK CRM business contributed revenues of 12m, 10% up on 2004.

Although the UK lags behind north America in its contribution to Sage revenues, it continued to lead the way in profitability, turning an operating profit of 74....

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