Sage delivers strong interim results
As expected, Sage, the Newcastle-based accounting software giant, has reported a leap in interim pre-tax profits to £74.3m.
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The 14% rise was in line with analyst expectations, as revenues saw growth due to existing customers upgrading to a broader range of software and services.Sage also claims to have added 115,000 clients to its books over the past six months, which saw turnover rise by 4% to £282.1m.
The strongest performing region was the US, which saw revenue growth of 8% and operating profits increasing by 30%. Its European business fared worse, with a 1% fall in revenues.
Sage remains the only technology company in the FTSE-100. Its shares currently stand at 144.75p.