Sage boosts profit and margins as AI tools drive growth May 15, 2025 Accounting software giant Sage has posted a strong set of half year results, powered by rising demand for cloud services and adoption of its AI tools. The firm’s operating profit went up 16 per cent to £288m, whilst revenue saw a nine per cent uptick to £1.24bn, Sage told the market on Thursday. Sage said [...]
Small businesses ‘held back’ by £112bn of late payments May 14, 2025 Small and medium-sized businesses (SMEs) are owed some £112bn in late payments, new research has suggested, with buyers “holding back” UK growth. Nearly 5.5m companies with fewer than 250 employees and modest revenues are seen as the “backbone” of the UK economy and key to unlocking growth. But new research by the Centre for Economics [...]
UK tech start-up vows to ‘do to Sage what Netflix did to Blockbuster’ April 10, 2025 When Netflix began quietly mailing DVDs to American homes in 1998, Blockbuster barely flinched. By the time it did, the game had changed. And, with its business model firmly based on late fees and physical stores, it was too late. Fast forward a quarter of a century, and UK tech company iplicit is hoping to [...]
This is how UK small businesses are managing despite rising costs March 12, 2025 According to the latest Sage small business tracker, rising operational costs, mounting financial pressures, and pivoting business strategies are creating a challenging economic landscape for SMEs. But despite growing headwinds and challenges, such as higher costs and economic uncertainty, small businesses across the UK are adapting to the changing environment. Profit slows as costs rise [...]
Sage: Profit booms sends FTSE 100 tech shares flying November 20, 2024 Enterprise technology firm Sage has reported a boom in revenue and profit as the UK tech champion has capitalised on artificial intelligence. Underlying operating profit at the Newcastle-based firm rose 21 per cent over the last year to £529m. Its operating profit margin grew 220 basis points to 22.7 per cent. Meanwhile, Sage’s annualised recurring [...]
The UK tech and media companies making the most of AI August 16, 2024 As the artificial intelligence (AI) revolution sweeps through the tech and digital media sectors, some companies are embracing its potential more effectively than others, according to a recent report by Shore Capital. The investment firm has zeroed in on companies where AI is more than just a buzzword and can “accelerate an already positive investment [...]
Tech stock boom starts to show cracks June 2, 2024 Tech stocks are starting to suffer as customers are keeping their purse strings tight when it comes to adopting new software services.
Sage shares plunge despite surge in profit as tech giant’s guidance disappoints May 16, 2024 Enterprise technology firm Sage has reported a surge in profit and gaping margins as it continues to see growth across all regions and strong demand for its cloud software.
Rolls Royce, Antofagasta, Natwest: these top FTSE 100 stocks have returned over 30 per cent this year April 27, 2024 The FTSE 100 does still offer something to get excited about despite a ballooning number of companies leaving the London Stock Exchange.