Sage Group plc SGE The update for the half year to 31st March indicates that all is not well and makes for some peculiar reading .Full year guidance for 2018 organic operating margins has been revised from 27.5% to believe it or not, 27.5%. For the first half year organic revenue growth of 6.3% is below management expectations and management does not pull its punches in the blame game. The fall is due it admits quite openly, to inconsistent operational execution and then it goes on to contradict itself by further claiming that operational execution has been robust in most of what it calls its Geographies. A Geography is the new buzz word in company speak for those who have not yet learnt what a country or a region are. Beware when you see senior executives of a major company reduced to displaying their inability to speak proper ! (sic). Northern Europe and Africa Middle East did fit the pattern by coming in below expectations.
Trakm8 Holdings TRAK Produced 26% growth in its core business during the year to the 31st March.Year on year headline revenue growth was 13% taking the total to over £30m. growth. All activities outside the provision of Telematic Services as part of the aim to streamline the company’s activities. After a strong first half, continued progress has been made in the second half and positive momentum is expected for the future in the core business, especially having regard to robust demand from existing customers.