Sage delivers profit in line with expectations

Sage delivers profit in line with expectations

Revenue up 17% to £748.4m

Accountancy software provider Sage said there was still strong demand for its
products as it delivered a first half profit result in line with expectations.

Revenue for the six months rose 17% to £748.4m, helped by the falling value
of sterling.

Pretax profit rose 14% to £139.2m, slightly short of an analyst forecast of
£145m.

The company, which has five million small to medium-sized company customers,
said it expected economic conditions to remain tough for the remainder of the
financial year but that it would be well-placed to benefit when markets recover.

Related Articles

How technology is changing the face of accounting

Accounting Software How technology is changing the face of accounting

3w Beth McLoughlin, Managing Editor
The impact of late payments on small businesses

Accounting Software The impact of late payments on small businesses

4w Beth McLoughlin, Managing Editor
Where do AI and Blockchain fall in the future of accountancy?

Accounting Software Where do AI and Blockchain fall in the future of accountancy?

1m Lucy Skoulding, Reporter
An outline of cloud accounting software

Accounting Software An outline of cloud accounting software

2m Emanuela Hawker, Reporter
5 key tech innovations helping accountants transform their businesses

Accounting Software 5 key tech innovations helping accountants transform their businesses

7m Heather Darnell, Founder of Ask the BOSS
Finance and the tech foundation: what’s needed to deliver impactful business insights?

Accounting Software Finance and the tech foundation: what’s needed to deliver impactful business insights?

10m Workday | Sponsored
Best accounting software for businesses in the UK

Accounting Software Best accounting software for businesses in the UK

10m Accountancy Age, Reporters
Making sense of enterprise tech concepts for finance teams

Accounting Software Making sense of enterprise tech concepts for finance teams

11m Workday | Sponsored