The accountancy and business software vendor to the SME sector expects revenue to come in on target at 332m pounds ($590.9m), 23% up on last year’s figure.
The strongest growth was in Europe where revenue is expected to rise 23% to 89m pounds ($158.4m) and operating margins are expected to improve to 23% from 21%. The real test of the company is in the US, and although the Newcastle, UK-based company faces strong competition from Intuit and Microsoft’s Great Plains operation, it expects revenue to rise 21% to 136m pounds ($242.1m), but the operating margin to be squeezed to 23% from 24%.
In its home UK market, it expects revenue to rise 7% to 91m pounds ($161.9m) with margins increasing to 40% from 38%.
This article is based on material originally published by ComputerWire
