LONDON (Reuters) - The chief executive of software firm Sage said there would be a gradual recovery in the group’s organic operating profit margin after increased investment this year would squeeze it by up to 3 percentage points.
“We think it’s important we continue to invest through this cycle,” Steve Hare said in an interview on Friday after the group published its full-year results.
He said margin recovery would be a “gradual process” as growth came back and the company achieved operational efficiencies.
Reporting by Paul Sandle; editing by Michael Holden
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