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 2022 Sage Group PLC Trading Statement Call Transcript

Jan 26, 2022 / 08:30AM GMT
Release Date Price: £7.12 (-6.83%)
Operator

Good morning, and welcome to the Q1 Trading Update Call for The Sage Group plc. Your presenter today will be Jonathan Howell, Chief Financial Officer, who is joined by James Sandford, Head of Investor Relations. I must advise you that this conference is being recorded today, and 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, everyone, and welcome to Sage's Q1 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 has made a strong start to the year. We've accelerated growth in line with expectations as we focus on our strategy to be the trusted network for small and midsized businesses.

Recurring revenue was up by 8% to GBP 429 million. This was driven by strong growth in Sage Business Cloud of 21% to GBP 280 million with continued strength in new customer

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