Organic revenue growth slowed in Q3 18/19 (+5.3% vs +6.2% in H1 18/19) due to the acceleration of the decrease in Software and Software related services (SSRS) attributable to lower X3 licences and services than expected. Therefore, the organic operating margin should be in the low range of previous guidance (23-25% of revenue).
26 Jul 2019
X3 licences and services lower than expected
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X3 licences and services lower than expected
Sage Group plc (SGE:LON) | 1,139 -51.3 (-0.4%) | Mkt Cap: 11,445m
- Published:
26 Jul 2019 -
Author:
Hélène Coumes -
Pages:
2
Organic revenue growth slowed in Q3 18/19 (+5.3% vs +6.2% in H1 18/19) due to the acceleration of the decrease in Software and Software related services (SSRS) attributable to lower X3 licences and services than expected. Therefore, the organic operating margin should be in the low range of previous guidance (23-25% of revenue).