Strong full-year results from Sage Group sent the software giant to the top of London’s leading share index this morning.
Shares in the FTSE 100 company, which provides accounting, human resources and payroll software to almost half of Britain’s small businesses, climbed to a ten-month high, rising 45p, or 6 per cent, to 801p. It said its margins would continue to improve this year after reporting an 8 per cent rise in organic operating profit to £383 million.
Sage said sales rose to nearly £1.95 billion in the year to the end of September, adding that it had entered the new financial year with “strong momentum” and expected organic recurring revenue growth to be ahead of last year, driven by strength in its cloud services
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