Advertisement
UK markets closed
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     
  • AIM

    745.67
    +0.38 (+0.05%)
     
  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     
  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     
  • Bitcoin GBP

    52,051.38
    +729.18 (+1.42%)
     
  • CMC Crypto 200

    1,334.09
    +21.47 (+1.64%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     

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)