Sage Group showed strong organic revenue growth (+6.1%) and a higher underlying operating margin (+0.7pt to 27.2% of revenue), in line with guidance. FY2015/16 earnings: Sage Group posted revenue of £1,569m (+9.3%). Organic growth was 6.1% (o/w +6.2% in H1 15/16) driven by recurring revenue (+10.4% to £1,092m, o/w +10% in H1 15/16) and processing revenue (+6.1% to £204m, o/w +6.6% in H1 15/16) to a lesser extent. Organic growth was dynamic in Europe (+7% to £827m, o/w
30 Nov 2016
Good performance and positive outlook
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Good performance and positive outlook
Sage Group plc (SGE:LON) | 1,266 25.3 0.2% | Mkt Cap: 12,748m
- Published:
30 Nov 2016 -
Author:
Hélène Coumes -
Pages:
3
Sage Group showed strong organic revenue growth (+6.1%) and a higher underlying operating margin (+0.7pt to 27.2% of revenue), in line with guidance. FY2015/16 earnings: Sage Group posted revenue of £1,569m (+9.3%). Organic growth was 6.1% (o/w +6.2% in H1 15/16) driven by recurring revenue (+10.4% to £1,092m, o/w +10% in H1 15/16) and processing revenue (+6.1% to £204m, o/w +6.6% in H1 15/16) to a lesser extent. Organic growth was dynamic in Europe (+7% to £827m, o/w