LONDON (Reuters) -Britain’s Sage reported a better-than-expected 16% rise in underlying operating profit to 600 million pounds ($788 million) on Wednesday after it grew both its top line and its margin, and said it expected another year of progress.
The company, which supplies accountancy and payroll software to small and medium sized businesses, announced a share buyback of up to 300 million pounds, which it said reflected its confidence in its prospects.
($1 = 0.7612 pounds)
(Reporting by Paul Sandle; editing by Sarah Young)
