H1 15/16 earnings (October 15-March 16) Revenue was £747m (+4.1%) and organic growth was 6.2% (vs +6.2% in H1 14/15), in line with expectations. Organic revenue growth was driven by recurring revenue (+10% to £513m vs +7.7% in H1 14/15) and processing revenue (+6.6% to £97m). By geographic area, Europe was the most dynamic (+7% to £398m), ahead of North America (+6% to £256m) and International (+5% to £93m, o/w +17% in Africa, +7% in Brazil and Australia, -
09 May 2016
In line with its business transformation
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In line with its business transformation
Sage Group plc (SGE:LON) | 1,139 -74.1 (-0.6%) | Mkt Cap: 11,445m
- Published:
09 May 2016 -
Author:
Hélène Coumes -
Pages:
3
H1 15/16 earnings (October 15-March 16) Revenue was £747m (+4.1%) and organic growth was 6.2% (vs +6.2% in H1 14/15), in line with expectations. Organic revenue growth was driven by recurring revenue (+10% to £513m vs +7.7% in H1 14/15) and processing revenue (+6.6% to £97m). By geographic area, Europe was the most dynamic (+7% to £398m), ahead of North America (+6% to £256m) and International (+5% to £93m, o/w +17% in Africa, +7% in Brazil and Australia, -