Full Year 2024 Sage Group PLC Earnings Call Transcript
Good morning, and welcome to Sage's full year results. I'm pleased to be joined by Jonathan Howell, our CFO. Now I'm going to start with an overview of our key messages. FY '24 was a successful year for Sage as we continue our strong trajectory of growth. We achieved double-digit ARR growth for the third consecutive year, and this drove robust broad-based revenue growth with good performance in all regions.
Disciplined cost control, together with operating efficiencies enabled us to deliver a record operating profit with margin expansion being particularly strong. An excellent cash conversion drove a significant uplift in free cash flow. This strong growth is underpinned by our resilient business model as more small and midsized businesses turn to Sage to become more productive and efficient.
Secondly, our progress is supported by continued development and innovation, enhancing productivity and insights for customers as well as for ourselves. We're investing in our core products, providing better functionality
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