H1 23 was solid with organic recurring revenue growth of +12%. North America and UKIA were the most dynamic regions and some improvement was seen in Europe (France, Central Europe, Iberia). The strong growth reflected higher activity with existing customers, new customer wins and price increases to compensate for wage inflation. The underlying operating margin improved significantly (+0.6pt to 20.8% of revenue) thanks to the top-line growth and sales & marketing efficiency. The 2023 guidance of ....

17 May 2023
Top-line growth, sales & marketing efficiency

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Top-line growth, sales & marketing efficiency
Sage Group plc (SGE:LON) | 1,215 66.8 0.5% | Mkt Cap: 11,893m
- Published:
17 May 2023 -
Author:
Hélène Coumes -
Pages:
3 -
H1 23 was solid with organic recurring revenue growth of +12%. North America and UKIA were the most dynamic regions and some improvement was seen in Europe (France, Central Europe, Iberia). The strong growth reflected higher activity with existing customers, new customer wins and price increases to compensate for wage inflation. The underlying operating margin improved significantly (+0.6pt to 20.8% of revenue) thanks to the top-line growth and sales & marketing efficiency. The 2023 guidance of ....