Sage Group (The) PLC (CHIX:SGEl)
£ 13.0525 -0.0575 (-0.44%) Market Cap: 12.91 Bil Enterprise Value: 13.65 Bil PE Ratio: 41.73 PB Ratio: 11.98 GF Score: 76/100
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Q3 2019 Sage Group PLC Trading Statement Call Transcript

Jul 25, 2019 / 07:30AM GMT
Release Date Price: £7.4 (-9.22%)
Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's Sage Group Q3 Trading Update Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today on Thursday, the 25th of July, 2019. Your presenters today will be Jonathan Howell, CFO; who's joined by Lauren Wholley, Head of Investor Relations.

I would now like to turn the conference over to your presenter today, Jonathan Howell. Please go ahead, sir.

Jonathan A. G. Howell
The Sage Group plc - CFO & Director

Good morning, everyone, and thank you very much. And welcome to the Sage Q3 trading update. First, I'll give you a quick update on the key numbers and then we can open for Q&A.

Total revenue for the first 9 months of the year is up 5.9% to GBP 1.4 billion. Recurring revenue increased by 10.6% to GBP 1.2 billion, and this is underpinned by growth in software subscription of 28% to GBP 752 million. This strength in recurring revenue reflects our focus on acquisition of new customers and migration of existing

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