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How the Narrative Helps the Financial System

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Sage plans to grow by continuing its investments in locally engineered business software solutions that will meet head-on the continually changing information needs of small and medium scale enterprises. It also plans to expand its business by entering into new markets. One good acquisition by Sage is the hiring of Tamara Ingram. For the year 2005, turnover had increased by fourteen percent or ₤ 776.6 million as compared with only ₤682.6 million in the year 2004. Another highlight is that organic revenue had increased by six percent and earnings per share had also increased by thirteen percent to ₤11.18 for the year 2005 from the former ₤9.90 for the year 2004.

Based on the balance sheet, the profit and loss account had increased from the prior 2004 amount of ₤211,975 to the current year 2005 ₤332,721. The profit for the financial year 2005 was ₤143,504 which is higher than the ₤126,736 for the prior year 2004. Based on the performance graph, the performance chart shows that Sage average sales are lower than the FTSE 100 index average sales.

The dividend had increased by twenty-three percent when it posted a ₤2.875 per share for the year 2005 as compared to only ₤2.330 for the prior year 2004. The customer base has also increased to a BIG 4,700,000 companies in the year 2005 which is higher than the 4,400,000 companies it had done business with in the prior year 2004. Revenue had also increased from the prior year. Sage company has also acquired some businesses including ACCPAC, SP, Softline and many more. Sage company has also invested in ₤100 million in new and existing companies.

Sage has also acquired another big company called Adonix. The Operating profit has remained at twenty-seven percent. The product is accounting software The accounting software has been selling like hotcakes because the prices offered by Sage is very reasonable and affordable as evidence by the income statement and the balance sheet, the Sage company has been doing good. The sage market segments are classified as United Kingdom, Mainland Europe, North America, and the Real-world.

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