Half Year Results 

Sage lifts recurring sales

Sage lifts recurring sales

Sage (SGE) pressed on with its voyage towards becoming a software-as-a-service (SaaS) business during the half-year to March 2019. On the one hand, this meant software subscription sales were up 27.7 per cent. But on the other hand, a planned decline in licence revenue contributed to an 11.8 per cent fall in software and software-related services (SSRS) – as did underperformance in SSRS in the US and France. Nonetheless, “high quality” organic recurring revenues still improved by a tenth to £779m – leading to a 6.2 per cent organic increase in the top line.  

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