Profits Update Puts Sage Well On Track

The JournalOctober 19, 2005

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Summary


Software giant Sage reassured the stock market about its full- year results yesterday, but still disappointed some sectors of the City with its predictions.

The Newcastle-based company said revenues for the year to September 30 rose by 14% on a year earlier to pounds 777m while pre- tax profits were up by 13% to around pounds 204m.

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Extract


Profits Update Puts Sage Well On Track

While both figures were within City forecasts, the stock gave up ground as shareholders t...

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