According to the first half results of software giant Sage, after being badly affected by the downturn, it has initiated the process of its recovery.
As revealed by those unaudited accounts, there now exist organic growth, pre-tax profit, debt reduction and increased revenue.
In this regard, Guy Berruyer, CEO, said: "We delivered good revenue growth and strong cash flows in the first half. I am pleased that our North American business has returned to growth in the period. With growth returning to the business, a large and loyal international customer base, and a strong balance sheet, I am confident that Sage is well positioned to capitalise on its many growth opportunities, and look forward to continued progress in the second half of the year".
It has been found that Organic growth at the FTSE 100 business, during the first half year, has grown up to 4%. On the same time, the net debt that was reported as £219m at 30 September 2010 has fell down to £106m at 31 March.
During the initial six months of 2010, it was Africa, Middle-East, Australia and other Asia regions that were considered for the maximum growth.
In these countries, the Pre-tax profit for the first half of 2010 was increased by 5%; from £159m it rose to £167m.
Source: http://topnews.us
As revealed by those unaudited accounts, there now exist organic growth, pre-tax profit, debt reduction and increased revenue.
In this regard, Guy Berruyer, CEO, said: "We delivered good revenue growth and strong cash flows in the first half. I am pleased that our North American business has returned to growth in the period. With growth returning to the business, a large and loyal international customer base, and a strong balance sheet, I am confident that Sage is well positioned to capitalise on its many growth opportunities, and look forward to continued progress in the second half of the year".
It has been found that Organic growth at the FTSE 100 business, during the first half year, has grown up to 4%. On the same time, the net debt that was reported as £219m at 30 September 2010 has fell down to £106m at 31 March.
During the initial six months of 2010, it was Africa, Middle-East, Australia and other Asia regions that were considered for the maximum growth.
In these countries, the Pre-tax profit for the first half of 2010 was increased by 5%; from £159m it rose to £167m.
Source: http://topnews.us
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