The Newcastle-based company said the £26.7m leap in pre-tax profits from £47.6m to £74.3m was largely due to the performance of its recent acquisitions and its business in France where turnover increased 38% to £73.5m and operating profit rose 91% to £19.8m.

'We are pleased to report a year of substantial growth for Sage with turnover up 60%, operating profits up 57%, pre-tax profit up 56% and earnings per share up 46%. Allowing for the impact of acquisitions in the current and previous financial years, our continuing businesses showed underlying organic growth of 26% in turnover and 46% in operating profit,' said chairman Michael Jackson.

The company said the purchases of Peachtree Software in the US, and Tetra in the UK were already proving important strategic developments.

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