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Sage reports robust growth in Africa

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Sage reported strong organic revenue growth in its International operations (brazil, Africa, Australia, Middle East and Asia) for the 2015 financial year, at 14%.
The group maintained double-digit performance in Africa, with organic revenue of £92-million representing sustained organic growth of 16% (FY14 15%), supported by double-digit organic growth in processing and recurring revenue.
The Enterprise market in Africa continued to perform well, with all key products delivering double digit growth.
The contribution of revenue from sales outside of South Africa supported the result, representing 15% of total Africa revenue and growing 22% organically (FY14: 22%).
In addition, the group reported 33% revenue growth for Sage X3 for Sage International.
Ivan Epstein, president of Sage International, says: “We are pleased to have met the group financial targets set three years ago and to be showing strong momentum with our global transformation programme.
“In the International region, we’ve seen solid organic revenue growth and we’re particularly pleased to see Sage One launched and gaining traction in Australia. There has also been robust performance into Africa with double-digit organic growth. We look forward to sustained progress across the region in FY16.”