Sage delivers profit in line with expectations
Revenue up 17% to £748.4m
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.