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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Q1 2020 Sage Group PLC Trading Statement Call Transcript

Jan 22, 2020 / 08:30AM GMT
Release Date Price: £7.61 (+3.59%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to The Sage Group Q1 Trading Update Call. (Operator Instructions) I would like to advise you that your conference is being recorded today on Wednesday, the 22nd of January 2020.

I would now like to hand the conference over to your speaker today, Jonathan Howell, Chief Financial Officer. Please go ahead, sir.

Jonathan Anton George Howell
The Sage Group plc - CFO & Director

Thank you very much, and welcome, everyone, to Sage's Q1 trading update call. First, I'll give you a quick update on the key numbers, and then we can open for Q&A.

Just as a reminder, all numbers in the trading statement are on an organic basis, stripping out the impact of assets held for sale, which include Sage Pay and our business in Brazil. So as you can see in the release, we've made a strong start to the year, maintaining our focus on subscription and the cloud as we transition towards becoming a great SaaS company. Recurring revenue increased by 10.7% in Q1 to GBP 410 million. This was underpinned

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