Sage reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sage announced earnings per share of £0.2 on revenue of £975.0M. Analysts polled by anticipated EPS of £14.17 on revenue of £961.50M. That with comparison to EPS of £0.14 on revenue of £957.0M in the same period a year before.
Sage shares are down 11% from the beginning of the year , still down 19.30% from its 52 week high of £826.00 set on July 3, 2019. They are outperforming the STOXX 600 which is down 19.81% year to date.
Sage follows other major Technology sector earnings this month
Sage's report follows an earnings beat by BT Group on May 7, who reported EPS of £0.12 on revenue of £5.63B, compared to forecasts EPS of £0.06 on revenue of £5.65B.
Mail.ru Group had beat expectations on April 23 with first quarter EPS of £0.14 on revenue of £300.16M, compared to forecast for EPS of £-0.09 on revenue of £296.32M.
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