Tempus: Sage needs wisdom to kick start revenues

 
 

Stephen Kelly, the chief executive of Sage Group, our biggest provider of software, since the end of last year, is keeping his counsel on where he wants to take the business, although a long-awaited capital markets day that should make this clearer takes place next month.

Nevertheless, he has begun to make his mark. There have been some new hires, while the chief executives of Europe and the Americas are leaving, the latter immediately. There have been organisational changes, too.

The main task, though, is clear enough. Sage had become sluggish and slow-moving — there was even a share buyback to investors, which might seem odd for a tech business. Mr Kelly needs to kick revenues and earnings growth into another league.

The company