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.

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