Sage happy with 'robust numbers'
Newcastle-based accountancy software vendor Sage has delivered strong half-year results, with pre-tax profits up 10%, turnover rising 22% and 120,000 new customers on its books.
Profits from its global operations grew to £69.3m for the half-year ending 31 March as turnover rose to £279m from £229m in 2001 with customer numbers reached 2.9 million.
Sage finance director Paul Harrison described the results as ‘robust’ and said the company remained ‘cautiously optimistic despite tough market conditions’.
He pointed out that a number of technology companies had recently delivered poor results for the same period.
The market too appeared happy with the results, as Sage shares were last trading at £191.75, up £3.50 on the day.