Sage trading in line

27th Jul 2011 07:06

Accountancy software titan Sage said it has continued to deliver good growth despite an uncertain economic backdrop, and full year results should be in line with the board's expectations.Cash generation remains strong, leading to a whittling away of debt; at the end of June, net debt stood at £67m, down from £106m at the end of March."We are focussed on capitalising upon the many opportunities that we have in our markets, whilst managing our cost base carefully. With our market leading products and services, large international customer base and strong balance sheet, Sage is well positioned for future growth," said Guy Berryuer, Sage's chief executive. --jh