April 13, 2018 / 6:28 AM / 5 months ago

British software firm Sage cuts FY revenue growth forecast

April 13 (Reuters) - British software firm Sage Group Plc on Friday cut its full-year organic revenue growth forecast, citing poor performance in the first half.

The company said it now expects organic revenue growth to be around 7 percent, lower than its previous forecast of around 8 percent rise.

Sage said organic recurring revenue growth in the first half was 6.4 percent, lower than the 11.1 percent growth in the year-ago period. (Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Amrutha Gayathri)

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