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Prices & Quotes - UK Markets - Sage Group (SGE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 730.60p
Change Today:
-31.80p
Market Cap:
7,434m
Sector:
Software & Computer Services

Sage Group profits fall as margins are squeezed

By Frank Prenesti

Date: Wednesday 17 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Software company Sage Group said annual operating profits fell 10% as margins were squeezed.
The company on Wednesday said organic operating profit for the year to September 30 fell to 343m as margins decreased to 19.3% from 22% a year ago, but still in line with guidance.

Organic recurring revenue rose 5.4%, slightly ahead of a market consensus of 5.2%, driven by growth in Sage Business Cloud of 19%.

"Having reshaped and invested significantly in the group over the last three years, we are now focused on growing the business in absolute terms, both organically and through acquisitions," said chief executive Steve Hare.

"We expect to achieve organic recurring revenue growth in the region of 8% to 9% in full-year 2022, driven by continuing strength in Sage Business Cloud, and in cloud native revenues in particular."

"We also expect other revenue (SSRS & processing) to continue to decline, in line with our strategy. Consistent with previous guidance, organic operating margin is expected to trend upwards in FY22 and beyond, as we now focus on scaling the group."

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Sage Group Market Data

Currency UK Pounds
Price 730.60p
Change Today -31.80p
52 Week High 853.80p
52 Week Low 558.60p
Volume 1,600,887
Shares Issued 1,017.56m
Market Cap 7,434m
Beta 0.03

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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 7
Sell 3
Strong Sell 4
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sage Group Dividends

  Latest Previous
  Final Interim
Ex-Div 13-Jan-22 27-May-21
Paid 10-Feb-22 18-Jun-21
Amount 11.63p 6.05p

Trades for 26-Jan-2022

Time Volume / Share Price
10:55 309 @ 730.60p
10:55 162 @ 730.60p
10:55 4 @ 730.60p
10:55 135 @ 730.60p
10:55 226 @ 730.60p

Sage Group Key Personnel

CFO Jonathan Howell
CEO Steve Hare
Chair Andrew Duff