Peachtree 2012 Annual Report Download - page 2

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Please find page 2 of the 2012 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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From the intuitive design of our software to the expertise of our people, the
fundamentals of our business are helping our customers achieve their ambitions,
giving them the condence and control they need to succeed.
In this year’s Annual Report, we recognise some of our customers’ successes and
the stories behind their businesses. From start-ups to Formula 1 racing teams,
we are proud to be associated with each of our valued customers and happy
to help them to do what they do best.
Case studies showing how we are giving small and medium sized companies the condence and freedom to be successful are on pages 34 to 39.
• Strong growth in subscription revenues offset by a contraction in software revenues reecting
weakening economic environment in Europe and strategic shift to recurring revenue
• Underlying earnings per share of 19.86p (2011: 20.28p*), reecting an increase in tax rate
to 29% from 23%
• Good progress made with our three cornerstones to drive accelerated growth: focusing
our business, capturing the technology opportunity and the benets of subscription
• A signicant presence established in Brazil through the acquisition of Folhamatic and the
subsequent acquisitions of EBS and Cenize
• Strength of our offering to new and existing customers continues with the addition of
289,000 (2011: 261,000) new paying customers during the year and renewal rate on
support contracts maintained at 81%
Highlights
Sage is a business guided by the
diverse needs of more than six million
unique customers in all four corners
of the world