In FY2020/21, organic recurring revenue grew by 5.4% thanks to the acquisition of new customers and the ongoing migration of existing customers to subscription contracts. The US was the best performer driven by Sage Intacct (+22%). Sage Business Cloud penetration reached 67% (+7pts). Lower organic operating margin (-2.7pts) was due to higher investments in marketing/sales and R&D. 2022 guidance includes organic recurring revenue growth of +8-9% (above expectations) and an improvement of the orga ....
18 Nov 2021
Organic recurring revenue growth acceleration expected in 2022
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Organic recurring revenue growth acceleration expected in 2022
Sage Group plc (SGE:LON) | 1,156 -156.1 (-1.2%) | Mkt Cap: 11,616m
- Published:
18 Nov 2021 -
Author:
Hélène Coumes -
Pages:
4
In FY2020/21, organic recurring revenue grew by 5.4% thanks to the acquisition of new customers and the ongoing migration of existing customers to subscription contracts. The US was the best performer driven by Sage Intacct (+22%). Sage Business Cloud penetration reached 67% (+7pts). Lower organic operating margin (-2.7pts) was due to higher investments in marketing/sales and R&D. 2022 guidance includes organic recurring revenue growth of +8-9% (above expectations) and an improvement of the orga ....