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06 May 2009
Accountancy software provider Sage said there was still strong demand for its products as it delivered a first half profit result in line with expectations.
Revenue for the six months rose 17% to £748.4m, helped by the falling value of sterling.
Pretax profit rose 14% to £139.2m, slightly short of an analyst forecast of £145m.
The company, which has five million small to medium-sized company customers, said it expected economic conditions to remain tough for the remainder of the financial year but that it would be well-placed to benefit when markets recover.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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