In its trading update for Q1 16/17 (October-December 2016), Sage Group mentioned a deceleration in organic revenue growth to 5.1% (vs +6.1% in FY2015/16, o/w +6.6% in Q1 15/16). Excluding the US Payments business that could be sold, organic revenue grew by 5.9%, rather in line with guidance of 6%. Organic growth continued to be sustained by the strong increase in recurring revenue (+9.6% vs +10.4% in FY2015/16) which benefited from higher software subscription (+31% vs +32% in FY2015/16) lead
26 Jan 2017
Slow start to FY2016/17 as expected
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Slow start to FY2016/17 as expected
Sage Group plc (SGE:LON) | 1,139 -51.3 (-0.4%) | Mkt Cap: 11,445m
- Published:
26 Jan 2017 -
Author:
Hélène Coumes -
Pages:
3
In its trading update for Q1 16/17 (October-December 2016), Sage Group mentioned a deceleration in organic revenue growth to 5.1% (vs +6.1% in FY2015/16, o/w +6.6% in Q1 15/16). Excluding the US Payments business that could be sold, organic revenue grew by 5.9%, rather in line with guidance of 6%. Organic growth continued to be sustained by the strong increase in recurring revenue (+9.6% vs +10.4% in FY2015/16) which benefited from higher software subscription (+31% vs +32% in FY2015/16) lead