BusinessCompany NewsSage set for strong year-end

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.

Link: Sage dominates accounting software market

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.

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