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 2023 Sage Group PLC Trading Statement Call Transcript

Jan 19, 2023 / 08:30AM GMT
Release Date Price: £7.57 (-2.05%)
Operator

Good morning, everyone. Welcome to the Q1 Trading Update Call for The Sage Group. Your presenter today will be Jonathan Howell, Chief Financial Officer, who is joined by James Sandford, Head of Investor Relations. After the speaker's presentation, there will be a question-and-answer session. (Operator Instructions) 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, and good morning, everyone, and welcome to Sage's Q1 trading update. I'll briefly run through the key numbers and the performance of the business, and after that, we can open for Q&A. And just to remind you that all the numbers in the trading statement are now reported on an underlying basis, unless otherwise stated.

So on to the performance of the business, I'm pleased to say that Sage has made a strong start to the year with performance in line with expectations. Recurring revenue was up by 12% to GBP 517 million. This was driven by strong growth in Sage Business Cloud

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