Sage says North America had strong performance, including Intacct. "As we outlined at the time of the full year results, we have invested heavily in sales training in Q1 to set up the business for success, particularly in Sage Business Cloud, resulting in the delay of some revenue into Q2," Hare said. European companies which issue trading updates do not provide actual revenue and earnings numbers. Hare reiterated the full-year guidance of 8-percent organic revenue growth and a 27.5-percent organic operating margin for the year ended September 30.