Sage enjoyed strong organic recurring revenue growth in Q1 23 (+12%) thanks to buoyant activities in the US and the UK. The ARR (Annualized Recurring Revenue) trend remained positive in Q1 23 despite a sequential slowdown (December includes holidays). Price increases are expected to average +4-5% in FY23, as in FY22. To date, Sage has seen no impact from the economic situation on customer demand. The FY23 guidance of organic recurring revenue growth of above +9% was maintained.
