Orange County’s largest software company, Sage Software Inc. in Irvine, brought added annual sales and profits to its parent company in the past year.
But the unit’s growth pace slackened a bit.
Britain’s Sage Group PLC, which sells accounting software, said global sales jumped 14% to nearly $1.4 billion for the 12 months ended Sept. 30, compared to the year-ago period. Net earnings jumped 13% to $221 million.
Much of the growth was driven by acquisitions,more than a half-dozen in the past year. Without the acquisitions, sales growth was 6%.
“We were pleased with it, to be fair,” said Adam Shepherd, a London-based stock analyst with Dresdner Kleinwort Wassestein, part of Allianz AG in Germany. “It wasn’t outstanding by any means.”
Sage’s North American operations in Irvine accounted for 41% of the company’s sales, or about $585 million. Ron Verdi, chief executive of the local unit, couldn’t be reached for comment.
For more on this story, see the Dec. 12 edition of the Business Journal.
