Has Sage Group PLC lowered expectations enough ahead of results?
For its first quarter, the FTSE 100 company reported an 11.3% rise in subscriptions
Company
The Sage Group PLC
LON:SGE
The Sage Group PLC provides business software, services and support to small and medium-sized businesses. Sage's vision is to become a great SaaS (software-as-a-service) company for customers and colleagues alike.
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Sage up to neutral as UBS says firm more balanced in the near term
“Expectations have been lowered sufficiently and the prioritisation of annualised recurring revenue growth by [management] is in tune with investors' priorities", the Swiss bank said in a note on Monday
Sage surges as recurring revenue continues to expand
In an update for its first quarter, the software firm reported that recurring revenues had risen 4.7% to £408mln, offsetting a 24% decline in other revenues to £39mln, which in turn boosted total organic revenues by 1.4% to £447mln
Sage to sell Asian, Australian businesses to The Access Group for £95mln
The FTSE 100 software firm has been on a selling spree
Sage Group inks deal for sale of Polish business
The software firm has agreed to sell the business to private equity group Mid Europa Partners for £66mln in cash
Sage Group slides on plans to hike investment in cloud software
Increased investment in Sage Business Cloud, along with more money for sales and marketing and product development, will reduce profit margins by up to three percentage points
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FTSE 100 ends the week higher, Wall Street mixed on vaccine hopes, Fed fears
Traders are trying to price in the effects of a potential coronavirus vaccine
Sage Group finals bring focus on Britain's SMEs during the pandemic
Friday will also see macro data on UK retail sales and consumer confidence
UK tech stocks broadly sideways amid results activity
UK tech stocks were boosted last week by positive trading news from sector heavyweights, The Sage Group PLC (LON:SGE), Computercentre (LON:CCC) and Learning Technologies Group PLC (LON:LTG)
Sage says customer churn lower than expected during coronavirus disruption
The company also reported strogn recurring revenue growth in the first nine months of its current year as it migrated clients to its business cloud offering
Sage Group retains lower guidance despite growth in first half
The enterprise software specialist said in April that due to uncertainty caused by the pandemic it expected full-year organic recurring revenue growth to be below the previously guided range of 8-9%
Sage scraps £250mln share buy-back programme amid coronavirus pandemic
The accounting software firm had already purchased £6mln worth of shares
Sage shaves off £15mln from Brazilian sale
The disposal is part of the accounting software group's plan to focus on subscription software and the ‘Sage Business Cloud’
Sage surges as software subscription momentum continues
Recurring revenue in the three months to 31 December was up 10.7% compared to the first quarter the year before
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Royal Mail shares hit by union's legal challenge ahead of results
William Hill, Severn Trent and Centrica are also among those reporting on Thursday
Sage profits slip as it perseveres with shift to recurring revenue
Total revenue rose 5.6% to £1.8bn, boosted by a 10.8% increase in organic recurring revenue, which saw organic operating profit margin shrink by 5.1 percentage points
Sage Group to sell merchant payment service business to US Bancorp
The London-listed software giant said that Sage Pay will remain “an important payments partner” following the £232mln sale
Sage tops blue-chip loserboard as legacy product sales fall faster-than-expected
“Sage was priced for upgrades going into today’s update which have not materialised due to declining legacy business,” said one analyst
Morgan Stanley turns bearish on global stocks as 'downside risks' build up
Strategists at the investment bank downgraded its rating on global equities as it saw a "poor" risk/reward outlook for the next three months
Investments and investor services
FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235