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Sage sees solid UK performance - PC Retail

Sage sees solid UK performance

Accounts software specialist reveals details in its interim results to the City
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Sage has described UK sales for the nine months up to June 30th as "solid" despite uncertain trading conditions, in a statement to the London Stock Exchange this morning.

It said that while European sales were strong all round, its US dvision had seen mixed results, with its accountancy and management division performing well despite tough conditions, but warning that its healthcare division was performing below expectations.

Speaking to the City, Sage's chief executive Paul Walker said: "Our businesses continue to show resilience in uncertain and challenging markets.

"We remain cautious on the economic outlook although our large customer base, geographic diversity and strong product offering provide good support for our businesses going forward."

Sage will report its full year results on December 3rd 2008.

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