Sage is the antithesis of the high-growth software stocks that have lifted technology valuations to the skies (Simon Duke writes). The developer of accounting tools likes to move at a steady pace and, unlike its racy peer group, is no fan of the empire-expanding takeover. Over recent years, it has even sold businesses deemed surplus to requirements.
The FTSE 100 group does other prosaic things, too, such as paying a dividend and cutting debts. Perhaps this is why Sage’s share price is not much different to what it was in 2016, while its rivals’ stocks have soared. To some, its careful approach displays admirable prudence; to others, a lack of ambition.
Sage had some cheer for investors yesterday. It revealed that revenues had grown by
