Sage profits edge up

Newcastle-based software group Sage today announced healthy profit growth for the year ending 30 September, thanks to strong sales of support services.

But demand for its software in markets such as France and Spain struggled.

Underlying pre-tax profit of £356.3m was up from £343.5m, an increase of four per cent over the year.

Revenue from continuing operations hit £1.3bn, up from £1.27bn.

Guy Berruyer, chief executive, said the outlook is uncertain: “As we look forward, the global macro-economic outlook remains uncertain and we are watchful of the environment in Europe, particularly in France.”

“We are making good progress with our strategy for accelerating growth and remain confident we will continue to deliver on our strategic and financial goals.”