Sage had a strong FY22 with organic recurring revenue growth at the high end of the guidance (+9%). Small and medium-sized companies continued to invest in cloud solutions and Sage Business cloud revenue growth was substantial (+24%). The ARR was up +12% including an improvement in H2 22 vs H1 22. The renewal rate by value improved to 101% (+2pts). The organic operating margin increased to 19.9% of revenue (+0.4pt). Sage expects a growth acceleration and a higher operating margin in 23.
17 Nov 2022
Strong FY22, Sage confident for FY23
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Strong FY22, Sage confident for FY23
Sage Group plc (SGE:LON) | 1,149 23 0.2% | Mkt Cap: 11,540m
- Published:
17 Nov 2022 -
Author:
Hélène Coumes -
Pages:
4
Sage had a strong FY22 with organic recurring revenue growth at the high end of the guidance (+9%). Small and medium-sized companies continued to invest in cloud solutions and Sage Business cloud revenue growth was substantial (+24%). The ARR was up +12% including an improvement in H2 22 vs H1 22. The renewal rate by value improved to 101% (+2pts). The organic operating margin increased to 19.9% of revenue (+0.4pt). Sage expects a growth acceleration and a higher operating margin in 23.