Sage Group (SGE)

Sector:

IT Services

Index:

FTSE 100

1,265.50p
   
  • Change Today:
      2.00p
  • 52 Week High: 1,282.00
  • 52 Week Low: 748.60
  • Currency: UK Pounds
  • Shares Issued: 1,006.14m
  • Volume: 1,832,785
  • Market Cap: £12,733m
  • RiskGrade: 136

Sage group revenues improve in Q1 as recurring revenues grow £31m

By Iain Gilbert

Date: Wednesday 26 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Software firm Sage said on Wednesday that total revenues had grown in the three months ended 31 December thanks to a £31.0m jump in recurring revenues.
Recurring revenue grew 8% to £429.0m, underpinned by a 21% rise in Sage Business Cloud revenue to £280.0m and continued strength in new customer acquisition. Software subscription revenues grew 13% to £336.0m, increasing subscription penetration from 68% to 73%.

Regionally, North America achieved growth in recurring revenue of 11% to £174.0m, while in Northern Europe, recurring revenues increased 7% to £102.0m. Rest of world recurring revenues improved 5% to £152.0m, with growth across its Sage Business Cloud unit supported by further progress in migrations.

Total group revenues increased 5% to £458.0m as improved recurring revenues were somewhat offset by a 22% drop in SSRS and processing revenues to £29.0m.

Chief financial officer Jonathan Howell said: "Sage has made a strong start to the year, accelerating growth in line with expectations. Sage Business Cloud has performed particularly well, driven by continued growth in both cloud-native and cloud-connected solutions, as we execute on our strategy to be the trusted network for small and mid-sized businesses.

"Accordingly, we reiterate our guidance for the full year, as set out in our FY21 results announcement."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sage Market Data

Currency UK Pounds
Share Price 1,265.50p
Change Today 2.00p
% Change 0.16 %
52 Week High 1,282.00
52 Week Low 748.60
Volume 1,832,785
Shares Issued 1,006.14m
Market Cap £12,733m
RiskGrade 136

Sage Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.47% below the market average99.47% below the market average99.47% below the market average99.47% below the market average99.47% below the market average
97.65% below the sector average97.65% below the sector average97.65% below the sector average97.65% below the sector average97.65% below the sector average
Price Trend
94.86% above the market average94.86% above the market average94.86% above the market average94.86% above the market average94.86% above the market average
89.36% above the sector average89.36% above the sector average89.36% above the sector average89.36% above the sector average89.36% above the sector average
Income
98.49% below the market average98.49% below the market average98.49% below the market average98.49% below the market average98.49% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
53.51% below the market average53.51% below the market average53.51% below the market average53.51% below the market average53.51% below the market average
70.45% below the sector average70.45% below the sector average70.45% below the sector average70.45% below the sector average70.45% below the sector average

What The Brokers Say

Strong Buy 3
Buy 5
Neutral 7
Sell 3
Strong Sell 2
Total 20
neutral
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Sage Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jan-24 01-Jun-23
Paid 09-Feb-24 23-Jun-23
Amount 12.75p 6.55p

Trades for 28-Mar-2024

Time Volume / Share Price
16:56 192,308 @ 1,264.26p
10:52 17,200 @ 1,259.97p
16:35 1,104,733 @ 1,265.50p
16:35 467 @ 1,265.50p
16:35 948 @ 1,265.50p

Sage Key Personnel

CFO Jonathan Howell
CEO Steve Hare
Chair Andrew Duff

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