The Channel logo

News

By | Team Register 11th January 2006 11:02

Systems Union hails record results

Nice

Systems Union Group will announce record results when it files accounts for the year ended 31 December 2005.

The accountancy software group has, helpfully, issued a trading statement today to let investors and analysts know what to expect - although they already know what to expect, as the results are in line with market expectations.

Sales in 2005 advanced 8.5 per cent to £113m (2004: £104.2m) and EBITDA (earnings before bad stuff) grew 14 per cent to £16.2m (2004: £14.2m). Revenue growth was particularly strong in Asia-Pacific and the Americas.

The company is a good generator of cash, ending the year with £23.7m in cash (2004: £16.5m). Strip out £15m in medium-term bank debt and the net cash position falls to £8.7m (2004: £1.5m).

Press release is here. ®

alert Send corrections

Opinion

The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Chris Mellor

Why overlapping kit from a merger equals a disaster in waiting
management cloud2

Gavin Clarke

The executioner turns gambler as HP's PCs are set to go

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that