MARKET TALK: Sage Group 3Q Reads Well - Trader

28th Jul 2010 08:01

0701 GMT [Dow Jones] Sage Group's (SGE.LN) 3Q update reads well, with reference to a small pick up in organic growth rates, says a trader. "Management is confident that the group's FY10 results would be in line with market expectations," adds trader. However, says organic growth is largely negative on a per geography basis in 1H, with the US -5% and EU -2%. "We doubt that 3Q has been sufficiently strong to put growth rates back into positive territory," it adds. Sage shares +1.8% at 253p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 28, 2010 03:01 ET (07:01 GMT)