Software firm Sage says on track to meet full-year targets
LONDON, May 6 (Reuters) - British software company Sage said it was on track to meet its targets after strong growth in subscriptions helped organic revenue rise 6.2 percent in the six months to end-March.
The group, whose software helps more than 6 million customers run their small businesses, posted organic revenue of 682 million pounds ($1 billion), in line with its 6 percent growth target for the year.
Its operating margin increased 70 basis points to 28.1 percent, also in line with its full-year target, while pretax profit rose 4.9 percent to 173 million pounds. ($1 = 0.6577 pounds) (Reporting by Paul Sandle; editing by Sarah Young)