Interim result show growth in profits but a slump in Sage Healthcare
Division.
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SMEs are still spending on accounting software, Sage has said as it clocked a
pre-tax profit of £122.6m for the period to 31 March, up from £108.6m on the
previous year.
UK revenues grew 12% from £107.5m to £120.2m in comparison to the same six
months last year.
Paul Harrison, group finance director for Sage said: 'We have a 5.5m SME
customer base and even though we are facing a touch economic market, SMEs still
need support'.
The results also reveal that Sage continues to grow but its Healthcare
Division had slumped, from £249m to £248.5m. Sage Healthcare makes up 11% of the
overall company.
In response to the launch of CODA2go the new force.com application released
by Coda this week, Harrison said: 'They have no brand in the SME market.
'We have a good relationship with business. If you get the support right the
customers will renew their contracts.'
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