COMPANY PRESS RELEASE: The Sage Group plc (Sage), a leading supplier of business management software solutions and related services for small to medium-sized enterprises (SMEs), announces its unaudited results for the year ended 30 September 2001.
Turnover increased by 17% to £484.1m (2000: £412.2m)
Pre-tax profit increased 12% to £121.3m (2000: £108.7m)
Earnings per share up 11% to 6.59p (2000: 5.92p)
Dividends for the year raised 10% to 0.425p (2000: 0.386p)
Operating cash flow up 14% to £119.6m (2000: £105.0m)
Acquisition of Interact Commerce Corporation (Interact) for £189m, May 2001
248,000 new customers added (excluding Interact), bringing the total to 2.8m (2000: 2.5m)
Support contracts increased 15% to 897,000 (2000: 779,000)
Michael Jackson, Chairman, commented: Our businesses have continued to win significant numbers of new customers – nearly a quarter of a million – this year. Throughout the Group we continue to find new ways of selling more products and services to existing customers. Our strategy of marketing an ever-expanding product and service offering to an ever-increasing customer base remains our clear focus. As in the past, we will continue to grow our business both organically and through acquisition.
Notwithstanding the current economic climate, we believe that the strength of our brands, the breadth of our product offering, the resilience of our channel and the sheer scale of our customer base provide us with a platform for sustained long-term growth. Therefore we look forward to 2002 with confidence.