Global software firm releases Aussie interim results

One major accounting software company has announced its interim results for the six months ended 31 March 2017, revealing strong organic revenue growth in Australia.

Lara Bullock -
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Last week Sage UK released its interim results for the six months ended 31 March 2017, recording £838 million in organic revenue, up 6.4 per cent year-on-year.

Organic revenue growth in Australia was slightly better, up 8 per cent in the six months ending 31 March 2017. This is a slight improvement from the 7 per cent organic revenue growth in the six months prior.

“In Australia, revenue growth of 8 per cent reflects strong recurring revenue growth of 11 per cent, driven by local growth product, Sage Meridian,” CEO Stephen Kelly’s review read.

“Sage One continues to perform well, adding 9,000 contracts in the past twelve months.”

However international growth was predominantly driven by Brazil and Africa and the Middle East, which recorded organic revenue growth of 23 per cent and 14 per cent respectively in the six months ending 31 March 2017.

Asia was the only region that saw a decline in organic revenue growth, recording -6 per cent in the six months ending 31 March 2017.

 

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