Sage: Profit booms sends FTSE 100 tech shares flying Tech Enterprise technology firm Sage has reported a boom in revenue and profit as the UK tech champion has capitalised on artificial intelligence. Underlying operating profit at the Newcastle-based firm rose 21 per cent over the last year to £529m. Its operating profit margin grew 220 basis points to 22.7 per cent. Meanwhile, Sage’s annualised recurring [...]
The UK tech and media companies making the most of AI Tech As the artificial intelligence (AI) revolution sweeps through the tech and digital media sectors, some companies are embracing its potential more effectively than others, according to a recent report by Shore Capital. The investment firm has zeroed in on companies where AI is more than just a buzzword and can “accelerate an already positive investment [...]
Tech stock boom starts to show cracks Tech Tech stocks are starting to suffer as customers are keeping their purse strings tight when it comes to adopting new software services.
Sage shares plunge despite surge in profit as tech giant’s guidance disappoints May 16, 2024 Enterprise technology firm Sage has reported a surge in profit and gaping margins as it continues to see growth across all regions and strong demand for its cloud software.
Rolls Royce, Antofagasta, Natwest: these top FTSE 100 stocks have returned over 30 per cent this year April 27, 2024 The FTSE 100 does still offer something to get excited about despite a ballooning number of companies leaving the London Stock Exchange.