Sage updated the Stock Exchange on its first half trading this morning, saying it was on track to fulfil expectations.

For the six months ended 31 March 2006, Sage expects to bring in revenues of £444m and profits of £115m. It expects to make a pre-tax profit of £111m. This is the first period Sage will report under International Financial Reporting Standards.

The accountancy giant will post full results on 9 May.

Sage shares were trading slightly down at 264.50 pence this morning.

Visma, which Sage offered to buy for £334m last month, has delayed making a statement on the takeover until tomorrow. Visma's board recommended the offer in the short and medium term.

Read the whole statement here. ®

Related stories

• Sage chairman leaves after seven months (27 April 2007)
• Sage buys Swiss biz management firm (12 April 2007)
• Sage still taking buyer's medicine (9 August 2006)
• Comment Microsoft dealers learn consulting by numbers (13 July 2006)
• Sage smashes into China (23 May 2006)
• Sage sales leap in H1 (9 May 2006)
• Sage walks away from Visma (19 April 2006)
• Visma knocks back Sage charms (12 April 2006)
• Sage mounts Viking invasion (22 March 2006)
• Sage chairman steps down (7 February 2006)
• BDE plans more Sage acquisitions (9 January 2006)
• Sage buys into US (again) (9 January 2006)
• Quocirca's Changing Channels Hosted CRM: prepare your boat to be floated (19 December 2005)
• Sage ups profits and revenues (30 November 2005)
• Sage buys Adonix (10 November 2005)