Full Year Results 

Sage and the £60m cloud investment

Sage and the £60m cloud investment

Much was riding on Sage’s (SGE) full-year results to September, after an eventful – and rather unsettled – few months. Back in April, the technology group reduced its full-year organic sales guidance by one percentage point to around 7 per cent – noting that half-year organic sales growth to March had come in below bosses’ expectations at 6.3 per cent. This stemmed partly from a decline in the rate of recurring revenue momentum; disappointing news, given Sage’s intended transition towards becoming a software-as-a-service (SaaS) subscription-based business with strong repeat sales.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now