Wow, what a week! Lots of shake up in the Sage channel with the departure of top level executives at Sage North America. Let's jump right in and take a look at the recent news and happenings including:
- 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
This week, Sage Group plc (parent company of Sage North America) announced half-year financial results reporting “Good operational progress – on track to meet 2015 targets.”
In summary, here’s what Sage reported for the half-year ended March 31, 2015:
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:
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
After 4 years as CEO of Sage North America and 18 years total with Sage global, Pascal Houillon has left the company. The announcement was sort of buried in the detail of the half-year earnings report, but can be found on Page 3. Sage has since confirmed his departure which was effective May 6, 2015.
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.
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
Yup, it’s a double whammy. Along with the departure of Pascal Houillon came an announcement about 10 days ago that VP of Channel Management Donald Deshaies has also departed Sage North America after about a year in the position.
After spending 8 years at Microsoft, Deshaies started with Sage in February 2014 replacing Tom Miller who left Sage in March 2013.
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
Lots of shake up at Sage recently and the reorganization probably isn’t over just yet. Once the dust settles and a new CEO for North America is announced, there may be other management changes as well as possible product announcements.
So stay tuned and we’ll keep you posted right here at www.top-sage-resellers.com
So stay tuned and we’ll keep you posted right here at www.top-sage-resellers.com
