Small firms help put Sage back on track

first_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Accountancy software firm Sage Group said yesterday a recovery in spending by small businesses had continued in its first quarter, helping it to hit its forecasts for the period.This marks the first return to growth in software revenue since the second half of 2007.Sage, which sells software to 6.3m small and medium-sized businesses, said results for each of its regions were in line with expectations.The company said in December that organic revenue grew by three per cent in the six months ending September, the second half of its fiscal year.Chief executive Guy Berruyer said: “Our principal markets continued their gradual recovery in the quarter, and I am pleased that our results were in line with our expectations.”Sage said it cut its debt to £187m from £219.8m three months earlier.Meanwhile, German business software maker SAP forecast double-digit revenue growth this year and raised its dividend 20 per cent.The firm says it wants to refocus investor attention on its future prospects after a damaging court battle with US rival Oracle.Chief financial officer Werner Brandt said the dividend hike to €0.60 (52p) shows “confidence in our business going forward”.He said: “We showed rock-solid revenue across the globe [in the fourth quarter], particularly in the fast-growing emerging markets.”SAP shares closed 1.4 per cent lower at €41.13 as analysts and traders pointed to a strong run-up in the shares prior to the results, adding that the dividend increase was in line with expectations. Wednesday 26 January 2011 7:11 pm whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp Small firms help put Sage back on track Show Comments ▼ KCS-content Sharelast_img

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