Peachtree 2008 Annual Report Download - page 23

Download and view the complete annual report

Please find page 23 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.

Page out of 30

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30

23
Outlook
•Business model resilient
–Subscription revenues continue to offset weakness in software revenues
–Cash flow remains strong
–Robust balance sheet with committed financing
•Customer base of over 5m remains our competitive advantage
–Market leader in most of our global markets
–Geographically diverse spread of businesses
•Organisation structure allows for agility in local markets
–For example VAT change in the UK market
–Ability to manage costs on a local basis