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

Half Year 2022 Sage Group PLC Earnings Call Transcript

May 13, 2022 / 07:30AM GMT
Release Date Price: £6.88 (+3.15%)
Stephen Hare
The Sage Group plc - CEO & Executive Director

Good morning, and a warm welcome to Sage's 2022 First Half Results Presentation. I'm going to start with an overview of our key messages for today.

Firstly, our performance. Sage delivered strong results in the first half, and our growth is accelerating. Recurring revenue increased by 8% and annualized recurring revenue by 10%. Cloud native ARR continued to grow strongly at over 40%, and now represents around 1/4 of the group total. And our margin increased in line with expectations as our growth drives operating efficiencies.

Moving to opportunity. Sage has a strong position in a robust growing market. Our solutions are critical for enabling efficiency and resilience in millions of small and midsized businesses around the world. And despite the uncertain geopolitical and economic outlook, SMBs continue to invest more in digital technology as they look to automate processes, gain better business insights and comply with regulation. And Sage's trusted solutions across finance, HR and payroll position us well to support them.

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