Software company maintains growth in Africa
The United Kingdom-based company announced during the current year, organic revenue of £92 million for Africa represents sustained organic growth of 16 percent, up from 15 percent in 2014.
This was supported by double-digit organic growth in Processing and Recurring revenue.
The Enterprise market in Africa continues to perform well, with all key products delivering double-digit growth.
The contribution of revenue from sales outside of South Africa supported the result, representing 15 percent of total Africa revenue and growing 22 percent organically, maintaining the figures attained in the previous year.
Overall, Sage announced that for the year ending September 30, it achieved organic revenue growth of 6 percent in 2015, up from 5 percent a year earlier.
The company also reported that pre-tax profits on a statutory basis were £275,8 million for the full year, down slightly from £278,7 million in 2014.
However, revenues were £1,44 billion, up from £1,35 billion a year earlier.
Ivan Epstein, President of Sage International, said the company was pleased to have met its financial targets set three years ago and to be showing strong momentum with its global transformation programme.
“There has also been robust performance into Africa with double-digit organic growth. We look forward to sustained progress across the region in FY16 (full year 2016).”
– CAJ News
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