Sage UK has released an interim management statement which affirms that management earnings expectations are expected to be met for the 9 months ending June 30, 2009. Subscription revenues have grown in a challenging economic environment. The expectations for medium-term results for Sage North America were also affirmed in this earnings statement.
The Sage Group plc is a leading global supplier of business management software and services to 5.8 million small and medium-sized enterprises in over 30 countries. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and now employs over 14,500 people worldwide.
Market consensus of the 24 analyst research notes published after 6 May 2009 for the year to 30 September 2009 is as follows: Revenues £1,452m, EBITA £328m and PBT (pre-amortisation) £306m.
All financial information is based on unaudited management accounts. Certain statements made in this interim management statement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward-looking statements.
Sage’s chief competition in the US, Microsoft, has just reported a profit decline of 29% on July 23.
via: Schulz Consulting – Sage MAS90 Consultants
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
