UK software firm Sage Group reports 21% rise in profit

LONDON : Britain's Sage Group reported a better-than-expected 21 per cent rise in full-year operating profit to 529 million pounds ($672 million) driven by a 220 basis points margin increase, and said it expected continued margin progress this year.

The company, whose accountancy software is used by millions of small businesses, on Wednesday reported a 9 per cent rise in revenue to 2.3 billion pounds for the year to end-September.

($1 = 0.7872 pounds)

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here