Analyst sentiment has remained positive for Sage after the release of its
trading update for 30 September year end results.
The FTSE100 software giant expects revenues for the year to grow by 14% to
£777m, with pre-tax profit to climb by 13% to £204m, both in line with market
Goldman Sachs said that Sage was ‘well managed’ and with a low execution
risk, but expected competition to intensify in the longer term.
Bear, Stearns & Co analyst Toby McCullagh said: ‘Given its combination of
defensive qualities, organic growth potential and margin expansion upside
potential, we continue to view Sage as a core holding for European software
Credit Suisse First Boston maintained an ‘outperform’ rating on the company’s
Further details will be released with Sage’s preliminary results announcement
on 30 November.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars