November 30, 2016 / 7:20 AM / a year ago

Subscriptions help Sage report 9 pct rise in operating profit

LONDON, Nov 30 (Reuters) - Software company Sage met forecasts with a 9 percent rise in full-year operating profit to 427 million pounds ($532 million), helped by a rise in subscription sales of its programmes that help small enterprises manage their businesses.

The British company said on Wednesday it expected to grow organic revenue by the same 6 percent this year as it achieved in the year to end-September, and to again achieve an operating margin of at least 27 percent.

$1 = 0.8021 pounds Reporting by Paul Sandle, editing by Louise Heavens

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