Sage sees improved growth trends

28th Jul 2010 07:42

Accountancy software provider Sage said it has seen improved growth trends in the third quarter.Full year results are anticipated to be in line with market expectations despite the macro-economic environment remaining uncertain.Chief executive Paul Walker said: "The good performance we reported at the half year has continued and we are pleased to see improving organic growth trends in the third quarter." "However, the economic environment remains uncertain and we continue to manage our cost base prudently, whilst investing to enhance our competitive position. Our strong balance sheet, healthy cash flow and large, international customer base, positions us well for the future."Earlier this month, Sage announced that Guy Berruyer, currently chief executive of the group's Mainland Europe & Asia operations, will succeed Paul Walker as group chief executive with effect from 1 October.