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 2024 Sage Group PLC Trading Statement Call Transcript

Jan 18, 2024 / 08:30AM GMT
Release Date Price: £11.61 (+0.74%)
Operator

Good day, and thank you for standing by. Welcome to the Sage First Quarter Trading Update Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to Jonathan Howell, Chief Financial Officer. Please go ahead.

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

Thank you very much and good morning, everyone. I'm pleased to share with you today our Q1 trading update. 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. Sage has made a strong start to the year, sustaining good momentum and performing in line with our expectations. Total revenue for the group was up by 10% to GBP 573 million, driven by continued growth in Sage Business Cloud. Regionally, North America grew total revenue by 13% to GBP 259 million, with a good performance in Sage Intacct, together with continuing growth in Sage 50cloud and Sage 200cloud. In the UKIA region, total revenue grew by 8% to GBP 162 million.

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