That stock News

Specialist said software accounting small customers started to buy software again after retains investment during the recession.

"SMEs more return for the purchase of software", said Guy Berruyer, new Director General of the wise. " In the last six months software revenue growth trends improved quite sharply.?

Mr. Berruyer, Paul Walker, who replaced who held the position of top for 16 years, said the sage is quite confident in the future to explore potential acquisitions. ""We've always been very focused on providing acquisitions the company", he said. "[But] when we saw the recession come that we decided to be a little more conservative."

Mr. Berruyer said that wise is Brig small businesses on the web to "accelerate" its aim to offer a wide range of online services. "Our strategy is to enable us to provide existing customers the advantage of the web without having to modify the set of application .and the second part is to create purely to appeal to new customers who want to be 100pc Web web-based solutions.We see that as a strong growth area.?

Wise has also announced a realignment of management which will see the Paul Harrison, Director of finance, to broaden its mandate to cover the mergers and acquisitions.

Paul Stobart, head of the United Kingdom and elder Ireland, operations, will see its role to include the whole of Europe in the North, which includes also the Germany, the Poland and Suisse.Sue Swenson, President and Chief Executive of the America's North Sage, large area of the company in terms of revenue, will be retiring from the company will be replaced by Pascal Houillon, Sage France pattern.

The company reported year-round profits before tax of ￡ 319.9 m compared to ￡ 267.4 m a year earlier, on almost flat sales of ￡ 1 prise.La company increased its final dividend, 11 March payable by 6pc 5.22%.

George O'Connor, Panmure Gordon, analyst says ￡ 428 company.7 m operating cash flow was "superb" and congratulated the wise on the reduction of net debt from ￡ 255.8 m ￡ 219.8 m.

Shares rose by 14.7%, or 5 7pc at lunch time.

View the original article here