Peachtree 2008 Annual Report Download - page 2

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Please find page 2 of the 2008 Peachtree annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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2
Overview of the year
At constant exchange rates
•Solid results in challenging market conditions
–6% organic revenue growth, excluding Sage Healthcare Division
–3% organic revenue growth, including Sage Healthcare Division
•UK business performed well in deteriorating market conditions
–Growth sustained in key product lines
–Customer support revenues remained strong
•Strong full year performance in Mainland Europe and Rest of
World
–Good management execution combined with benign market conditions
–42% of our organic business growing at 10%
•North American executive management team now in place
–Focused on driving operational efficiencies and cost savings
–Cost-saving initiative announced yesterday
•Quiet year for acquisitions