Analyst support boosts Sage

Analysts have given accountancy software giant Sage their seal of approval,
which pushed their stocks up by 8.1p to 266.3p yesterday.

Market-watchers at BarCap said FTSE 100 company’s exposure to small- and
medium-sized enterprises meant that it was now slowly starting to see an
improvement in end demand, which could lead to future earnings upgrades.

However the analysts said new industry initiatives such as cloud computing,
would mean incoming chief executive, Guy Berruyer, would have to set out his
vision for how Sage would operate in this new environment,
Daily Telegraph reported

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