Sage North America Announces First Half 2009 Results
“Our customers continue to rely on Sage to provide them with the foundational software on which they can operate efficiently, which is critical in today’s business environment. Despite a general weakening in the market, we continue to experience bright spots, with significant operational and financial improvement in our healthcare business, growth in serving the nonprofit sector, and substantial year over year improvements in selling our payment solutions to customers of our software product lines. Our entry level accounting solutions are performing competitively and our existing customer base continues to be loyal to us, with approximately 70% of revenues coming from maintenance and support contracts,” said Sage North America President and CEO, Sue Swenson.
To drive further efficiency into the business, Sage North America announced staff reductions of approximately 500 positions including employees leaving the company and unfilled positions that will be closed.
In the first half of 2009, Sage North America continued its focus on improving customer service, operational efficiency, and delivering innovative products for its small and midsize business customers.
The company launched more than a dozen new product versions as well as online communities for its MAS and FAS customers which add to previously launched sites for its Accountants Network, ACT! by Sage, Sage SalesLogix, Peachtree by Sage and Sage Accpac ERP customers. The company most recently launched an online resource for emerging small business owners,www.sagespark.comwhich offers advice and free services such as BillingBoss, an invoicing tool. All of the community sites provide resources to help businesses interact with each other and with Sage representatives, helping to improve customers’ experience and knowledge and assisting Sage in the design of improved products.
**Foreign currency results for the prior half-year ended March 31, 2008 have been retranslated based on the average exchange rates for the half-year ended March 31, 2009 to facilitate the comparison of results. The translation rate is 1.48 U.S. dollars per GBP.
About Sage North America
Sage North America is part of The Sage Group plc, a leading global supplier of business management software and services. At Sage, we live and breathe business every day. We are passionate about helping our customers achieve their ambitions. Our range of business software and services is continually evolving as we innovate to answer our customers’ needs. Our solutions support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage North America employs approximately 4,100 people and supports 2.9 million small and medium-size business customers. The Sage Group plc, formed in 1981, was floated on the London Stock Exchange in 1989 and now employs more than 14,500 people and supports more than 5.8 million customers worldwide. For more information, please visit the web site atwww.sagenorthamerica.comor call 866-308-2378.
News Source : Sage North America Announces First Half 2009 Results
More User Press Releases
- Sage Software Named a Technology Innovator by VARBusiness Magazine
- 1139% Return on Sage Software SalesLogix CRM Investment Wins Big River Telephone Company a Technology ROI Award from Nucleus Res
- ACT! by Sage for Financial Professionals 9.0 Accelerates Sales Growth While Aiding Client Retention And Compliance Tracking
- Integrated Sage Software Business Management Solution Lights Up Profits for Litecubes
- Best Software Wins 2003 CRM Excellence Award for SalesLogix
- SageCRM/SageCRM.com Receives 2007 CRM Excellence Award FromCustomer Inter@ction SolutionsMagazine
- Sage CRM SalesLogix Helps GuideOne Insurance Manage Corporate Sales and Multiple Agency Activities
- Sage Software CRM Solutions Cited for Midmarket Sales Force Automation Leadership Positions by Independent Research Firm
- Integrated SageCRM/Sage Accpac ERP/Sage Accpac Insight Business Management Suite Helps PeopleCube Manage Aggressive Growth Strat
- New ACT! by Sage Premium Dual Access Enables Centralized Contact And Customer Data via Web And Windows(R)
Like this site on Facebook
Distribute Press Release
- Post press release to 50+ free press release websites.
- Send to 100+ online publications.
- Effortlessly publish all your press releases with our automated pickup and submission service.
Shopping cart
User login
Search
Bookmark/Search this post
Primary Menu
- News by Region
- Business
- List of Industries
- Technology
- Aerospace & Defense
- Agriculture & Forestry
- Arts
- Automotive
- Business Services
- Chemicals
- Construction & Maintenance
- Consumer Goods
- Education
- Electrical & Electronics
- Energy
- Entertainment
- Food & Related Products
- General Business
- Government
- Healthcare
- Heavy Industry
- Home
- Industrial Goods & Services
- Industrial Materials
- Medical
- Mining & Drilling
- Publishing & Printing
- Retail
- Society
- Sports
- Supermarkets
- Telecommunications
- Textiles & Nonwovens
- Transportation & Logistics
- Travel & Hospitality
- Wholesale
