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 2021 Sage Group PLC Trading Statement Call Transcript

Jul 29, 2021 / 07:30AM GMT
Release Date Price: £6.91 (-0.86%)
Operator

Good morning, everyone. Welcome to the Q3 Trading Update Call for The Sage Group plc. Your presenter today, he will be Jonathan Howell, Chief Financial Officer, who is joined by James Sandford, Head of Investor Relations. I would now like to hand the conference over to Mr. Howell, please go ahead.

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

Thank you very much. Good morning, everybody, and welcome to the Sage's Q3 trading update. First, I'll run through the key numbers and the performance of the business. And after that, we can open for Q&A.

Just as a reminder, all numbers in the trading statement are on an organic basis.

Sage performed strongly in the first 9 months. We've delivered recurring revenue growth of 5% to over GBP 1.2 billion, supported by software subscription growth of 11% to GBP 920 million. And this means subscription penetration increased to 69%, up from 64% last year.

Regionally, North America grew recurring revenue by 7% to GBP 475 million, driven mainly by a good performance from

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