In H1 21/22, organic recurring revenue grew by +8% thanks to strong software subscription growth (+14%). The US was the best performer (+13%). The development of Sage Business Cloud was driven by the cloud native solutions with new customer wins and a good performance from the cloud connected solutions. The organic operating margin decreased to 19.9% of revenue (-0.3pts) due to investment in products and marketing. The 2022 guidance was unchanged.
13 May 2022
New customer wins, renewal rate improvement
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New customer wins, renewal rate improvement
Sage Group plc (SGE:LON) | 1,170 52.7 0.4% | Mkt Cap: 11,756m
- Published:
13 May 2022 -
Author:
Hélène Coumes -
Pages:
3
In H1 21/22, organic recurring revenue grew by +8% thanks to strong software subscription growth (+14%). The US was the best performer (+13%). The development of Sage Business Cloud was driven by the cloud native solutions with new customer wins and a good performance from the cloud connected solutions. The organic operating margin decreased to 19.9% of revenue (-0.3pts) due to investment in products and marketing. The 2022 guidance was unchanged.