Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Software Maker Sage Rises Most in Five Years on Revenue Growth

Dec. 4 (Bloomberg) -- Sage Group Plc, the U.K.’s biggest software maker, rose the most in almost five years after reporting revenue growth that exceeded analysts’ estimates.

Sales, excluding items such as acquisitions and currency fluctuations, rose 5 percent in the fiscal second half, beating the 3 percent analysts predicted on average, Numis Securities said today in a note. Full-year underlying revenue rose 4 percent to 1.26 billion pounds ($2.1 billion), Newcastle-upon-Tyne, England-based Sage said today.

Sage, which provides accounting and payroll software to more than 6 million mostly small and medium-sized businesses, forecast a 6 percent revenue gain for 2015. Operating income adjusted for non-recurring items during the year increased 2 percent to 376 million pounds.

“This moves management’s 6 percent 2015 growth target from ‘aspirational’ to ‘achievable,’” Numis analysts said. The figures also beat estimates of analysts at Espirito Santo Investment Bank in London, who recommend buying Sage shares and called today’s earnings “an encouraging set of results with positive underlying business momentum.”

The shares rose as much as 9.8 percent in London, the most since December 2008, leading gainers in the Stoxx 600 Technology Index. The stock added 9 percent to 378.50 pence at 10:19 a.m., giving Sage a market value of 4.2 billion pounds.

“The strategy is working and growth is accelerating,” Sage Chief Executive Officer Guy Berruyer said in a statement. “We remain confident of achieving our target of 6 percent organic revenue growth in 2015, and anticipate further progress during the year ahead.”

To contact the reporter on this story: Kristen Schweizer in London at

To contact the editor responsible for this story: Kenneth Wong at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.