Software manufacturer Sage Group reported a 6.6% rise in full-year organic revenue on Wednesday and said it expected to better this next year as recent acquisitions are included.
The company reported revenues from continuing operations, not counting acquisitions made during the year, rose 6.6% to £1.696bn. In its outlook, Sage said it expected organic growth to improve to 8% in the next financial year.
Other full-year highlights
- Organic operating profit up 10.3% to £475m
- Organic operating profit margin up 0.9% to 28%
- Underlying operating margin flat at 27%
- Underlying basic earnings per share up 3.5% to 31.9p
- Underlying adjusted earnings per share up 7.4% to 33.1p
- Ordinary dividend up 9% to 15.42p a share
Stephen Kelly, chief executive (left), said: "FY17 marks the completion of the transformation of Sage outlined at the June 2015 Capital Markets Day.
"For each of the past three years we have delivered management's guidance for at least 6% organic revenue growth and 27% underlying operating margins, whilst fundamentally transforming Sage.
"We now have the leadership, organisational alignment, brand and comprehensive suite of cloud solutions, to accelerate momentum in our markets.
"We will continue to drive efficiencies and productivity throughout the organisation and this is now 'business as usual'."
The shares fell 1.9% to 760p in the opening minutes of trade on the London Stock Exchange.
Picture courtesy of Sage corporate website