SunGard, the US software company at the centre of the largest private equity buyout for over a decade, said net profits for the three months to March 31 edged up 5% to $90m (€68.9m) as higher expenses offset a revenue climb of 13% in the same period.

The first quarter results are the first released since a consortium of private equity firms agreed to acquire the company in a deal valued at $11.3bn.