Sage's revenue miss spooks investors

Tom Wright
clock • 1 min read

Software vendor blames 'inconsistent operational execution' as sales fall short of expectations

Sage's share price fell almost 19 per cent today after the vendor revealed it had fallen short of revenue growth expectations. In a trading update, the accountancy software vendor said its organ...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Sage FY23 results: 10 per cent revenue growth and a £350m share buyback announced

Vendor

The business software provider announced double-digit revenue growth, increased profitability, and strong cash generation

clock 22 November 2023 • 2 min read
Sage takes over SaaS start-up Spherics in bid to help SMBs cut carbon emissions

Vendor

The move was driven by the vendor’s research that found SMBs want to work with partners that help address their environmental impact

clock 17 October 2022 • 2 min read
Sage expands Microsoft partnership by integrating more products to help SMBs

Partnership

Sage claims the move will support it in giving customers a choice of cloud platform

clock 20 July 2022 • 1 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.