TechnologyAccounting SoftwareProfits grow as Sage posts strong interims

Profits grow as Sage posts strong interims

Sage has posted another strong set of interim figures, driven on by customer loyalty and recent acquisitions, according to the group.

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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