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Sage Group fiscal Q4 profit climbs YOY

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Sage Group fiscal Q4 profit climbs YOY

The Sage Group plc said its normalized net income for the fiscal fourth quarter ended Sept. 30 was 7 Great British pence per share, an increase from 7 pence per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £74.1 million, a gain from £71.9 million in the prior-year period.

The normalized profit margin fell to 17.0% from 19.0% in the year-earlier period.

Total revenue grew 15.9% year over year to £437.5 million from £377.5 million, and total operating expenses grew 22.8% year over year to £312.0 million from £254.0 million.

Reported net income increased 36.1% year over year to £61.0 million, or 6 pence per share, from £44.8 million, or 4 pence per share.

For the year, the company's normalized net income totaled 23 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 30 pence.

EPS rose from 20 pence in the prior year.

Normalized net income was £253.1 million, an increase from £221.3 million in the prior year.

Full-year total revenue rose year over year to £1.72 billion from £1.44 billion, and total operating expenses grew on an annual basis to £1.28 billion from £1.06 billion.

The company said reported net income rose on an annual basis to £257.8 million, or 24 pence per share, in the full year, from £187.7 million, or 17 pence per share.