Half Year Results 

Sage acts after sales issues

Sage acts after sales issues

Disappointing news from Sage (SGE) had already been assimilated into the accounting software group’s share price, after it cut full-year organic sales guidance on 13 April. It was perhaps some relief for investors that there were no further downgrades within the official half-year numbers, although a 5 per cent dip in pre-tax profits was unwelcome. Sage offered more detail on the “execution issues” that impacted the first-half performance, and outlined an action plan – the shares ticked up in reply.

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