22 Jan 2020

Q1 19/20 met expectations

Sage Group plc (SGE:LON) | 1,242 117.9 0.8% | Mkt Cap: 12,158m

- Hélène Coumes
- 3 pages

Sage Group had a good start to FY2019/20. Total organic revenue increased by +6.7% while organic recurring revenue grew significantly (+10.7% vs +10.5% in Q1 18/19) thanks to the migration of existing customers to subscription and the cloud, the reactivation of customers and the gain of new clients. As in 2018/19, North America and the UK/Ireland were the most dynamic geographic areas. Guidance for FY2019/20 is confirmed.

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Q1 19/20 met expectations

Sage Group plc (SGE:LON) | 1,242 117.9 0.8% | Mkt Cap: 12,158m

Published: 22 Jan 2020
Author: Hélène Coumes
Pages: 3

Sage Group had a good start to FY2019/20. Total organic revenue increased by +6.7% while organic recurring revenue grew significantly (+10.7% vs +10.5% in Q1 18/19) thanks to the migration of existing customers to subscription and the cloud, the reactivation of customers and the gain of new clients. As in 2018/19, North America and the UK/Ireland were the most dynamic geographic areas. Guidance for FY2019/20 is confirmed.