Sage has begun selling Sage 50 (the former Peachtree in the United States and former Simply Accounting in Canada). The company has seen "some displacement" in North America, Hare said, referring to revenue moving from license sales to subscriptions. "In the U.S., it's not reactivation, it's a switch," he commented. The update showed that the recently ended quarter was better than in the nine months, with organic revenue for that period up 6.6 percent. Revenue from software and software related services remained sluggish, rising 2 percent for the nine months and 1.2 percent for the quarter. However, that was still better than a 3.4-percent drop in such revenue for the year-earlier third quarter. Hare said Sage will not force users to the cloud and will continue to sell licenses as required. But he added Sage could have higher growth rate by putting a push on license sales and it will not take that route. He predicted Sage will have quarters in which license revenue drops.