Peachtree 2010 Annual Report Download - page 17

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•
Revenue growth of 8% headline and 7%
Revenue
growth
of
8%
headline
and
7%
organic (H2 organic growth of 10%)
– Subscription +15%
Software and software
related services flat
–
Software
and
software
-
related
services
flat
•South Africa grew organically at 11%, with
good performance from accounting and
payroll solutions
Acquired
Netcash
in May
payroll
solutions
.
Acquired
Netcash
in
May
2010
•Australia grew 4% with strong performance
by
Handisoft
by
Handisoft
•Smaller Asian businesses declined 3%,
although good performance in Middle East
dM l i
an
d
M
a
l
ays
i
a
•EBITA margin 25% (FY09: 24%)
1
7
At constant exchange rates
£125m
£100m
£125m
£116m £126m
£75m
£50m
£25m
25%
mar
g
in
24%
mar
g
in
£0m
FY09 FY10
g
g
Revenue EBITA
7