| Sage North America Revs Drop |
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| Written by Bob Scott | |||
| Wednesday, 02 December 2009 16:01 | |||
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Revenue for Sage North America fell by 10 percent for the year ended September 30 - and dropped by 8 percent organically - over fiscal 2008 results as the division that markets The major North American unit is the Business Solutions Division, whose revenue fell by 11 percent organically, with mid-market accounting products, CRM and construction software revenue off. Without providing numbers, the company said its small business products, the Peachtree and Simply Accounting lines, were "resilient", while nonprofit accounting software products showed modest growth. The challenged Sage Healthcare Division saw a revenue decline of 5 percent, but grew margins to 18 percent for the year just ended, up from 8 percent the prior year. The Payments Division reported a 15 percent increase in merchants served, but lower volume per merchant dropped revenue by 4 percent. | |||
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |