Sage Interim Management Statement Reveals No Big Surprises

Sage issued an interim management statement on Monday July 16, 2012.

Interim Management Statements give performance data and portfolio information as at the end of the first and third quarters of a company’s financial year.

The statement doesn’t go into specifics on financial performance but instead serves as an opportunity to provide advanced indications of change from expectations.

According to the release -North America is showing sequential quarter to quarter improvement.

The growth in Europe seems to be a bit below expectations as described in the statement as:

Overall performance in Europe has been flat and the anticipated improvement in growth over the first half has not yet materialised.

Guy Berruyer, Sage Chief Executive, summarized:

The main trends we highlighted at our interim results in May continue to be a feature of our trading performance. Whilst we remain cautious on the outlook for Europe, and watchful of this region’s economic climate, the strong fundamentals of our business model remain and we continue to make good progress in executing against our business priorities. We look forward to tomorrow’s investor day where we will be sharing our plans for the future growth of the business.