- Sage Half-Year Financial Results Report
- CEO Pascal Houillon Departs Sage
- VP of Channel Management Donald Deshaies Departs Sage
Sage Reports Half-Year Financial Results
In summary, here’s what Sage reported for the half-year ended March 31, 2015:
- 6% organic revenue growth
10% growth in revenue from Sage ERP X3
- 29% subscription revenue growth with 550,000 subscription contracts
Comments included in the published financial report state that performance in Europe was a “highlight for the period” while comments about “weaker performance in other areas of the business” were directed at North America - particularly the Small and Medium-Sized (SMB) segment and Sage Payments division. The one bright spot in North America was double digit growth in Sage ERP X3.
You can watch playback of an interview with CEO Stephen Kelly and CFO Steve Hare regarding the earnings report on YouTube at:
CEO Pascal Houillon Departs Sage North America
An article in Accounting Today reports that global CEO Stephen Kelly will be acting as president for North America in the interim. Sage has not yet named a permanent successor.
VP of Channel Management Donald Deshaies Departs Sage
After spending 8 years at Microsoft, Deshaies started with Sage in February 2014 replacing Tom Miller who left Sage in March 2013.
The Bottom Line
So stay tuned and we’ll keep you posted right here at www.top-sage-resellers.com