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.  

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 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