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Sage is a leading global supplier of business management software solutions to 6.1 million small and medium-sized enterprises (”SMEs”) worldwide. Our goal is to help our customers manage their business processes more effectively through software applications and support services.

Paul Walker, CEO, comments on FY09 financial performance

“The strength of our business model has helped us navigate through the economic downturn. Our customers continue to rely on us as a trusted partner in running their businesses more efficiently, and the demand for high quality support remains strong. This can be seen in the growth in our recurring subscription revenues which has compensated for weaker demand for software and software-related services. We have managed our cost base to reflect the current market conditions, and at the same time invested for future growth. Our cash generation remains strong, and reflecting this, we are proposing to increase our final dividend by 3%.

Conditions stabilised in the second half of the year with SMEs still investing in value-adding business management products and services. However, at this stage, we are not yet seeing a general recovery in our markets. Therefore, we will continue to manage our cost base prudently whilst ensuring the business is well positioned to take advantage of the future economic upturn.”