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SAGE NORTH AMERICA SALES SAG

sage logoWith the parent company showing a flat top line, but growth in profit margins, Sage North American turned in improving revenue for the year ended September 30. While North American sales were still down, dropping by 4 percent for the year to $857.8 million, there was a notable improvement in the second half. North America revenue fell by 4 percent with organic revenue down 3 percent from fiscal 2009.

Organic software and software-related service revenue fell by 9 percent, compared to a 23-percent drop a year earlier. That same category fell by 4 percent in the second half, compared to a negative 13 percent in the first half. Meanwhile, the company announced that worldwide revenue of $2.24 million for fiscal 2010 was flat on an organic basis at constant exchange rates. However, the company's EBITA margin rose to 25 percent, compared to 22 percent for 2009. The North American EBITA margin was 22 percent, compared to 20 percent a year earlier. The 2009 EBITA figures excluded restructuring charges. Revenue for Sage Business Solutions, which markets the company's financial software, was off by 3 percent for the year, but the decline narrowed to 1 percent in the second half. The Sage Healthcare Division had a 5-percent drop in organic revenue, with a decline in sales of Medical Manager singled out as the major factor. The division's EBITA rose to 20 percent in the most recently ended year, compared to 17 percent a year earlier.

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