Sage Group posted rather good business development in Q1 18/19. Organic revenue grew by +7.6% and was sustained by strong recurring revenue growth of +10.5% (vs +7% in Q1 17/18). Although this has to be tempered by the favourable comparative yoy, it is a good start to FY2018/19.

17 Jan 2019
Good start to FY2018/19

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Good start to FY2018/19
Sage Group plc (SGE:LON) | 1,216 54.7 0.4% | Mkt Cap: 11,788m
- Published:
17 Jan 2019 -
Author:
Hélène Coumes -
Pages:
3 -
Sage Group posted rather good business development in Q1 18/19. Organic revenue grew by +7.6% and was sustained by strong recurring revenue growth of +10.5% (vs +7% in Q1 17/18). Although this has to be tempered by the favourable comparative yoy, it is a good start to FY2018/19.