Software businesses can make great investments providing they can keep growing. Sage (SGE) has many hallmarks of a high-quality business, but is currently lacking the profits growth needed to drive its share price higher. Can it get back on track?
The business
Sage designs and makes accounting and business software, which it mainly sells to small and medium-sized companies. Its products and services aim to make its customers’ companies more productive and efficient while helping them to learn more about their businesses so that they are well placed to grow their future profits.