Sage set for strong year-end
Accounting and business software giant Sage has projected strong revenue and profit growth for its year-end results, buoyed by its recent acquisitions.
In a trading update, Sage has predicted revenues to grow by 29% to £688m for the year ended 30 September, and pre-tax profits to increase by 20% to £181m.
UK revenues have grown by 9% to £186m, while the group as a whole has seen ‘core product’ organic revenue increase by 6%.
The group’s recent acquisitions, Timberline, ACCPAC, Softline and SP, contributed a total of £128m.
Full details of the group’s financial performance will be provided in its prelims on 1 December.