Feeds

Sage expects to fall into line after improved Q3 growth

Biz software biz buzzes

Intelligent flash storage arrays

UK-based software maker Sage reported this morning “improving organic growth trends” in its third quarter, and said that its full-year results would be in line with market expectations.

The company’s CEO Paul Walker said Sage’s second half of the year looked set to follow on from the good performance it had put in during its first two quarters.

"However, the economic environment remains uncertain and we continue to manage our cost base prudently, whilst investing to enhance our competitive position," Walker said.

"Our strong balance sheet, healthy cash flow and large, international customer base, positions us well for the future."

Walker will be replaced by the firm’s mainland Europe and Asia ops boss Guy Berruyer on 1 October this year.

The company said its cash generation remained strong and net debt fell to £280m as of 30 June 2010. It had stood at £305m at the end of March.

Meanwhile, rumours surfaced yesterday that claimed tech giant Hitachi could be eyeing up Newcastle-based Sage as a possible takeover candidate.

Analysts speculated about which IT services biz Hitachi was looking to buy to bolster its information and communications system business, according to Reuters. Sage was mentioned among 10 possible acquisition targets.

Shares in Sage are currently trading down 1.65 per cent at 244.4p on the London Stock Exchange. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Preview redux: Microsoft ships new Windows 10 build with 7,000 changes
Latest bleeding-edge bits borrow Action Center from Windows Phone
Google opens Inbox – email for people too thick to handle email
Print this article out and give it to someone tech-y if you get stuck
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Google+ goes TITSUP. But WHO knew? How long? Anyone ... Hello ...
Wobbly Gmail, Contacts, Calendar on the other hand ...
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Redmond top man Satya Nadella: 'Microsoft LOVES Linux'
Open-source 'love' fairly runneth over at cloud event
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.