Sage Group (SGE)

Sector:

IT Services

Index:

FTSE 100

634.20p
   
  • Change Today:
    -0.60p
  • 52 Week High: 853.80p
  • 52 Week Low: 595.60p
  • Currency: UK Pounds
  • Shares Issued: 1,018.77m
  • Volume: 1,222,481
  • Market Cap: £6,461m
  • RiskGrade: 136

Sage group revenues improve in Q1 as recurring revenues grow £31m

By Iain Gilbert

Date: Wednesday 26 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Software firm Sage said on Wednesday that total revenues had grown in the three months ended 31 December thanks to a £31.0m jump in recurring revenues.
Recurring revenue grew 8% to £429.0m, underpinned by a 21% rise in Sage Business Cloud revenue to £280.0m and continued strength in new customer acquisition. Software subscription revenues grew 13% to £336.0m, increasing subscription penetration from 68% to 73%.

Regionally, North America achieved growth in recurring revenue of 11% to £174.0m, while in Northern Europe, recurring revenues increased 7% to £102.0m. Rest of world recurring revenues improved 5% to £152.0m, with growth across its Sage Business Cloud unit supported by further progress in migrations.

Total group revenues increased 5% to £458.0m as improved recurring revenues were somewhat offset by a 22% drop in SSRS and processing revenues to £29.0m.

Chief financial officer Jonathan Howell said: "Sage has made a strong start to the year, accelerating growth in line with expectations. Sage Business Cloud has performed particularly well, driven by continued growth in both cloud-native and cloud-connected solutions, as we execute on our strategy to be the trusted network for small and mid-sized businesses.

"Accordingly, we reiterate our guidance for the full year, as set out in our FY21 results announcement."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sage Market Data

Currency UK Pounds
Share Price 634.20p
Change Today -0.60p
% Change -0.09 %
52 Week High 853.80p
52 Week Low 595.60p
Volume 1,222,481
Shares Issued 1,018.77m
Market Cap £6,461m
RiskGrade 136

Sage Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.38% below the market average79.38% below the market average79.38% below the market average79.38% below the market average79.38% below the market average
49.47% above the sector average49.47% above the sector average49.47% above the sector average49.47% above the sector average49.47% above the sector average
Price Trend
26.04% below the market average26.04% below the market average26.04% below the market average26.04% below the market average26.04% below the market average
6.42% below the sector average6.42% below the sector average6.42% below the sector average6.42% below the sector average6.42% below the sector average
Income
44.2% below the market average44.2% below the market average44.2% below the market average44.2% below the market average44.2% below the market average
47.06% above the sector average47.06% above the sector average47.06% above the sector average47.06% above the sector average47.06% above the sector average
Growth
83.64% below the market average83.64% below the market average83.64% below the market average83.64% below the market average83.64% below the market average
92.08% below the sector average92.08% below the sector average92.08% below the sector average92.08% below the sector average92.08% below the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 7
Sell 1
Strong Sell 4
Total 20
neutral
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Sage Dividends

  Latest Previous
  Interim Final
Ex-Div 26-May-22 13-Jan-22
Paid 17-Jun-22 10-Feb-22
Amount 6.30p 11.63p

Trades for 01-Jul-2022

Time Volume / Share Price
16:45 9,069 @ 632.80p
16:45 9,069 @ 632.80p
16:45 6,257 @ 632.80p
16:45 6,257 @ 632.80p
16:35 554,511 @ 634.20p

Sage Key Personnel

CFO Jonathan Howell
CEO Steve Hare
Chair Andrew Duff

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