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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Half Year 2023 Sage Group PLC Earnings Call Transcript

May 17, 2023 / 07:30AM GMT
Release Date Price: £8.48 (+3.29%)
Stephen Hare
The Sage Group plc - CEO & Executive Director

Hello, and welcome to Sage's first half results. I'm delighted to be joined today by Jacqui Cartin, our Group Financial Controller and EVP of Group Finance, whilst Jonathan, our CFO, recovers from a recent operation. And I'm very pleased to say that we expect Jonathan back in the office in early June.

So let me take you through the overview. Sage delivered strong results in the first half as we continued to execute on our ambition to be the trusted network for small and midsized businesses. We accelerated revenue growth to double digits, expanded our underlying operating margin and significantly increased free cash flow.

So there's 3 key messages I'd like to emphasize today. Firstly, Sage has built strong momentum, and this is underpinned by broad growth drivers. Across the group, Sage Business Cloud is delivering significant growth. And this includes not only Sage Intacct and cloud native but also Sage 50, Sage 200 and Sage X3 across our main markets. Demand for our mission-critical finance, HR and payroll solutions is

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