Profits grow as Sage posts strong interims

Link: Sage results exceed analysts’ expectations

The accounting software provider has seen pre-tax profits increase 17% to £86.7m for the half-year ended 31 March, from £74.3m a year ago.

It has added 146,000 new customers in the six-month period, in addition to the 903,000 gained from its acquired businesses, including Spanish Software company Grupo SP and Oregon-based Timberline.

Chairman Michael Jackson said: ‘[These results] demonstrate the value of our key asset, our large and growing customer base of over four million SMEs, to which we are successfully selling our extensive range of products.’

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