The Sage Group PLC cut its full year guidance after first half organic revenue missed its expectations with the company blaming “inconsistent operational execution."
In a trading update on Friday, the FTSE 100 software firm reported organic revenue growth of 6.3% for the six months to March 31, easing back from the 7.4% gain achieved the same period last year.
The group said revenue was hit by slippages in some enterprise licence contracts in the US and the Middle East, though it expects a recovery in the second half.
To continue reading about The Sage Group, click here.