Sage Group PLC
10 October 2001
Embargoed for release, Tuesday 10 October 2001 - 07.00am (BST)
The Sage Group plc
Trading update - Results for year ended 30 September 2001
broadly in line with expectations
Following completion of the year ended 30 September 2001, The Sage Group plc
('Sage') is providing an update on trading.
The tragic events of 11 September 2001 have inevitably had some impact on the
Group's US revenues in the last few weeks.
However, the strong recurring revenues that underpin the Sage business model
mean that we still expect to report full year figures for the year ended 30
September 2001 broadly in line with consensus market forecasts.
The new financial year is only a few days old and it is too early to predict
how the aftermath of the events of 11 September may affect the outcome for the
full year. However, we continue to believe that the strength of our brands
and our channel and, in particular, the resilience of our customer base
revenues provide us with a sound platform for continued long-term growth.
Further details will be provided in the preliminary results announcement on 5
December 2001.
Ends
Contacts:
Giles Sanderson/Harriet Keen Tel: 020 7831 3113
Financial Dynamics
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