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.

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