Sage profits steady in toughening climate

Accountancy software firm Sage today reported an 3% rise in annual profits to £273m (€317.5m) but warned of weakening UK and US markets in recent months.

Sage profits steady in toughening climate

Accountancy software firm Sage today reported an 3% rise in annual profits to £273m (€317.5m) but warned of weakening UK and US markets in recent months.

The group, which serves 5.8 million businesses, said despite a 10% rise in UK subscription revenues, software sales slowed in the second half to September 30.

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