As expected Sage delivered a strong FY23. Organic recurring revenue growth (+11%) benefited from fast-growing revenue in North America (+15%), the continuing development of Sage Intacct and positive achievements for the other solutions. The underlying operating margin increased to 20.9% of revenue (+1.4pt). Sage had strong free cash flow and announced a share buyback of up to £350m. The 2024 guidance is positive with total organic revenue growth of +10% and a margin improvement in the range of + ....
