In its trading update for Q1 15/16 (October-December 2015), Sage Group mentioned strong organic revenue growth of 6.6% which was above the 6% growth rate targeted in FY2015/16. Organic revenue growth was attributable to the positive trend in recurring revenue (+10.4%) thanks to the strong performance from software subscriptions (+35.7%) while organic software and software-related services (SSRS) decreased significantly (-5.3%). All of these reflected the continuing switch to a recurring reven
27 Jan 2016
Organic growth driven by the installed base
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Organic growth driven by the installed base
Sage Group plc (SGE:LON) | 1,266 25.3 0.2% | Mkt Cap: 12,748m
- Published:
27 Jan 2016 -
Author:
Hélène Coumes -
Pages:
2
In its trading update for Q1 15/16 (October-December 2015), Sage Group mentioned strong organic revenue growth of 6.6% which was above the 6% growth rate targeted in FY2015/16. Organic revenue growth was attributable to the positive trend in recurring revenue (+10.4%) thanks to the strong performance from software subscriptions (+35.7%) while organic software and software-related services (SSRS) decreased significantly (-5.3%). All of these reflected the continuing switch to a recurring reven