PRODUCT DISPOSALS HURT SAGE EARNINGS
- Wednesday, 08 May 2013
- News and Analysis
The sale of non-core products by Sage pushed its operating earnings for the half ended March 31 to a loss of about $12 million. The loss was triggered by a roughly $306 million charge for the sale of applications such as Sage Fund 100, Act and SalesLogix, along with some products in Europe. That compared to EBITDA of about $206 million in last year's first half, calculated at current exchange reports. Sage North America had revenue of $325 million, up 4 percent organically.
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