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 2023 Sage Group PLC Trading Statement Call Transcript

Jul 27, 2023 / 07:30AM GMT
Release Date Price: £9.46 (+2.05%)
Operator

Hello, and welcome to the Sage Q3 Trading Update Conference Call. Your presenter today will be Jonathan Howell, Chief Financial Officer, who is joined by James Sandford, Head of Investor Relations. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Jonathan Howell. Please go ahead.

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

Thank you very much, and good morning, everyone. As usual, I'll briefly run through the key numbers and the performance of the business. And after that, we can open for Q&A. And as a reminder, all numbers in the trading statement are reported on an underlying basis, unless otherwise stated.

Sage has delivered a strong performance throughout the first 9 months, in line with expectations, growing both recurring and total revenue by double digits. We increased recurring revenue by 12% to over GBP 1.5 billion. This was driven by continued strong growth in Sage Business Cloud of 29% to GBP 1.2 billion, with

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