UK software firm Sage growth to slow as it shifts to the cloud

LONDON (Reuters) - The new boss of British software provider Sage said he would focus on subscription services by moving more products to the cloud but said this would constrain revenue growth in the short term.Steve Hare, who is now chief executive at the provider of small-business accounting and payroll software, laid out his plan after the group reported 6.8 percent organic revenue growth for the year ending in September.Sage, like its competitors, has been seeking to move to cloud-based..