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Sage Group PLC (SGE.L)

SGE.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sage Sees FY Organic Recurring Rev Growth To Be At Top End Or Slightly Exceed Target
Friday, 17 May 2019 

May 17 (Reuters) - Sage Group Plc ::H1 UNDERLYING BASIC EPS FELL 2 PERCENT TO 13.93 PENCE.FULL YEAR OUTLOOK SHOWS CONTINUING CONFIDENCE IN RECURRING REVENUE GROWTH IN REMAINDER OF FY19.HY OPERATING MARGIN IN LINE WITH EXPECTATIONS.HY ORGANIC RECURRING REVENUE 779 MILLION STG VERSUS 707 MILLION STG AS REPORTED A YEAR AGO.AN INCREASE IN INTERIM DIVIDEND OF 2.5% TO 5.79P.HY STATUTORY PROFIT BEFORE TAX 198 MLN STG VERSUS 171 MILLION STG AS REPORTED A YEAR AGO.HY ORGANIC TOTAL REVENUE £941 MILLION VERSUS £886 MILLION A YEAR AGO.EXPECT FY19 ORGANIC RECURRING REVENUE GROWTH TO BE AT TOP END OR SLIGHTLY EXCEED GUIDED RANGE OF BETWEEN 8-9%.EXPECT FY SSRS AND PROCESSING REVENUE TO BE AT LOWER END OR BELOW GUIDED RANGE OF FLAT TO MID-SINGLE DIGIT DECLINE.EXPECTATIONS FOR FULL YEAR FY19 TOTAL REVENUE REMAIN UNCHANGED AND GROUP MAINTAINS ITS ORGANIC OPERATING PROFIT MARGIN GUIDANCE OF 23-25%.HY UNDERLYING OPERATING PROFIT MARGIN 22.7% VERSUS 24.6% A YEAR AGO.  Full Article

Sage Group Announces Changes To Format Of Financial Reporting, Disclosure In FY19
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Sage Group PLC ::SAGE GROUP PLC - CHANGES TO FORMAT OF ITS FINANCIAL REPORTING AND DISCLOSURE IN FY19 TO SIMPLIFY AND IMPROVE CLARITY OF REPORTING.SAGE GROUP PLC - AMENDED FORMAT WILL BE INTRODUCED AT H119 RESULTS AND SUBSEQUENTLY USED FOR FUTURE SAGE FINANCIAL REPORTING.SAGE GROUP - OVER TIME EXPECT PROPORTION OF ORGANIC TOTAL REVENUE AND ORGANIC RECURRING REVENUE WITHIN SAGE BUSINESS CLOUD CATEGORIES TO INCREASE.SAGE GROUP- AMENDMENTS TO REPORTING DISCLOSURE ARE UPDATE TO PORTFOLIO REVENUE REPORTING; AMENDMENT TO KPIS.SAGE GROUP- AMENDMENTS TO REPORTING DISCLOSURE ARE SIMPLIFICATION OF FINANCIAL REPORTING STRUCTURE, LAYOUT.SAGE GROUP PLC - SAGE WILL NO LONGER REPORT ADJUSTED EPS; STATUTORY EPS AND UNDERLYING EPS WILL CONTINUE TO BE DISCLOSED.  Full Article

Sage Group Names Former Close Brothers Finance Chief As CFO
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Sage Group PLC ::APPOINTMENT OF JONATHAN HOWELL TO ROLE OF CFO WITH EFFECT FROM 10 DECEMBER.HOWELL WAS MOST RECENTLY GROUP FINANCE DIRECTOR OF CLOSE BROTHERS GROUP.  Full Article

Sage Group Names Steve Hare As CEO
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Sage Group PLC ::APPOINTMENT OF GROUP CHIEF EXECUTIVE OFFICER.APPOINTED STEVE HARE TO ROLE OF CHIEF EXECUTIVE OFFICER WITH IMMEDIATE EFFECT.BOARD HAS INITIATED A PROCESS TO FIND A NEW CHIEF FINANCIAL OFFICER.  Full Article

Sage Group Says Partnering With Paypal To Enable Faster Payment Options
Wednesday, 23 May 2018 

May 23 (Reuters) - PayPal Holdings Inc ::SAGE GROUP PLC - IS PARTNERING WITH PAYPAL TO ENABLE FASTER AND SIMPLER PAYMENT OPTIONS..SAGE GROUP PLC - INTEGRATION IS CURRENTLY LIVE IN UNITED STATES, CANADA, GERMANY AND UK..  Full Article

Sage Group Trims FY18 Revenue Guidance
Friday, 13 Apr 2018 

April 13 (Reuters) - Sage Group PLC ::H1 18 ORGANIC REVENUE GROWTH RESULTS WERE BELOW MANAGEMENT'S EXPECTATIONS.FY18 GUIDANCE REVISED FROM AROUND 8% ORGANIC REVENUE GROWTH TO AROUND 7% ORGANIC REVENUE GROWTH.GROUP ORGANIC REVENUE INCREASED BY 6.3% (H1 17: 7.4%) FOR FIRST SIX MONTHS OF YEAR..H1 ORGANIC RECURRING REVENUE GROWTH OF 6.4% (H1 17: 11.1%).TERM GUIDANCE REMAINS ORGANIC REVENUE GROWTH WILL REACH 10% ON A SUSTAINABLE BASIS.  Full Article

Sage posts 6 pct Q1 revenue growth, in line with expectations
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Sage Group Plc ::‍GROUP ORGANIC REVENUE 1 INCREASED BY 6.3% FOR FIRST THREE MONTHS OF YEAR.​.‍ORGANIC RECURRING REVENUE GREW BY 7%, UNDERPINNED BY SOFTWARE SUBSCRIPTION GROWTH OF 26%​.‍Q1 RESULTS ARE IN LINE WITH OUR EXPECTATIONS​.‍WE EXPECT ACCELERATION THROUGHOUT YEAR INCLUDING A STRONGER Q2 AND WE REITERATE OUR FULL YEAR GUIDANCE OF AROUND 8% ORGANIC REVENUE GROWTH AND AROUND 27.5% ORGANIC OPERATING MARGIN FOR FY18​.  Full Article

Sage Group sells U.S. payments unit for $260 mln
Friday, 2 Jun 2017 

June 2 (Reuters) - Sage Group Plc ::Disposal of North American payments business.Announces sale of its North American payments business to GTCR LLC.Says enterprise valuation for transaction is $260 mln of which $240 mln is payable as cash on completion and remaining $20 mln as deferred consideration.Transaction is subject to certain completion conditions and is expected to complete in next 3 months.Proceeds will be used to reduce net debt and invested in growth.  Full Article

UPDATE 1-UK software firm Sage expects revenue growth at top end of forecast

May 17 British software company Sage Group Plc said on Friday it expects full-year organic recurring revenue growth to be at the top end of its previous forecast, following higher subscriptions.