Page 23 - Steve Hare News Today

Profit falls 31% at software group Sage Sage shares rose on Friday after the news (Luciana Guerra/PA) Profit has tumbled by nearly a third in the last half-year at software giant Sage, but it also expects to reach the upper end of forecasts this year. The business said that pre-tax profit dropped 31% to £190 million in the six months to the end of March. Revenue also dropped, by 4% to £937 million. However, the business pointed to its organic recurring revenue, a separate measure which essent...

Sage pre-tax profits tumble 31 per cent Sage Group headquarters in Newcastle upon Tyne. (Photo by Ian Forsyth/Getty Images) Software giant Sage Group pre-tax profits sank 31 per cent to £190m in the first half of its financial year, as it wired investment towards its cloud software. The group’s revenue also fell by 4 per cent to £937m, in the six months to the end of March, Sage told investors today. However, its measure of organic recurring revenue grew by 4.4 per cent, wh...

Sage shares rose on Friday after the news (Luciana Guerra/PA) Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up Profit has tumbled by nearly a third in the last half-year at software giant Sage, but it also expects to reach the upper end of forecasts this year. The business said that pre-tax profit dropped 31% to £190 million in the si...

British software giant Sage is predicting a bumper 2021 as companies emerging from the pandemic invest in technology again.  The FTSE100 firm, which specialises in accountancy systems, said small and medium-sized customers are beginning to spend as the economy bounces back.  Many pressed pause on big spending decisions during the Covid-19 crisis in an effort to conserve cash.  But Sage boss Steve Hare said customers were now opening their wallets again.  There is definitely a sense of optim...

Profit falls 31% at software group Sage Sage shares rose on Friday after the news (Luciana Guerra/PA) Profit has tumbled by nearly a third in the last half-year at software giant Sage, but it also expects to reach the upper end of forecasts this year. The business said that pre-tax profit dropped 31% to £190 million in the six months to the end of March. Revenue also dropped, by 4% to £937 million. However, the business pointed to its organic recurring revenue, a separate measure which essent...

What if the hybrid office isn’t real? s+b Blogs COVID-19 has forced people to adopt new technology to create shared workspaces. It’s only the beginning. Photograph by Eva-Katalin I’m sitting with three other people in a meeting room — warm wood-effect walls, scooped white leather chairs around an oval-shaped white table — next to a bank of floor-to-ceiling windows. We’re high up, although I couldn’t say what floor; the windows face a coastal city, all high-rises and sunny skies, ...

Sage CFO on capturing value from cloud technology Jonathan Howell, finance leader of the FTSE-100 software group, reveals how previous CFO roles at London Stock Exchange Group and Close Brothers helped develop resilience by Lawrie Holmes - March 17, 2021 When Jonathan Howell became CFO of Sage at the start of 2018, he was well prepared for the role as he had been on the software giant’s board for several years. Spending that time as a non-executive director, becoming chair of its audit and...

Initiative boosts Perth team with five new hires March 2, 2021 10:45 Initiative’s Perth office has expanded with the addition of five hires, including Steve Hare as group business director and Brianna Wells as senior investment partnerships manager. Hare will relocate to Perth from London, where he was head of publishing, digital trading, and cinema at the agency, working with clients including Amazon, Converse, Deliveroo, Lego, Patek Phillippe and the Premier League. In his new role, Hare w...

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any natio...

A health ambassador at the EDGE Sports & Fitness For many of us, the dawn of a new year is a time to clean up our acts. Temporary teetotalers drive their friends to drink, preaching the gospel of a "dry January." Others hop on the latest fad diet or at least try to eat a veggie now and then. And, of course, still others sign up for new health club memberships or optimistically renew the ones they let lapse the previous February. This year, those le...