The Sage Group plc (SGE.L)
LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
Add to watchlist
As of 11:26AM BST. Market open.
Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Aug. 15, 2022.
© 2022 Yahoo. All rights reserved.
(Sharecast News) - Accounting software firm Sage lifted its dividend as it reported a 8.5% rise in organic recurring revenue to £1.6bn, driven by growth from existing and new customers, in North America and Northern Europe.
Total revenue rose 3.7% to £1.76bn. Sage said the result was underpinned by software subscription revenue growth of 20.5% to £1.14bn. Sage guided for organic recurring revenue growth for fiscal 2021 to be 3% - 5%, weighted towards the second half of the year.
Statutory revenue for the year to September 30 fell 1.7% to £1.90bn. The full-year dividend was increased 2% to 17.25p a share.
Organic operating profit fell 3.7% to £391m, reflecting investment in cloud services and a £17m bad debt provision for Covid-19.
2020 results look good.
https://uk.finance.yahoo.com/news/uk-tech-stock-looks-too-084503299.html
2020-12-09 08:45:00
The software firm has agreed to sell the business to private equity group Mid Europa Partners for £66mln in cash
The Sage Group PLC - Sage Group inks deal for sale of Polish business
Sage Group PLC (LON:SGE) said it has entered an agreement to sell its Polish business to private equity firm Mid Europa Partners after saying the business had been held for sale in its results in November.
The FTSE 100 software firm said it will be paid £66mln in cash for the business, payable on completion of the transaction which is expected in early 2021.
SGGEF - Vol 15218, Price 10.30, Change +2.30 (+28.75%), https://finance.yahoo.com/quote/SGGEF?source=topgainer
ASND - Vol 2199607, Price 149.06, Change +25.72 (+20.85%), https://finance.yahoo.com/quote/ASND?source=topgainer
RLX - Vol 26385813, Price 5.09, Change +0.72 (+16.63%), https://finance.yahoo.com/quote/RLX?source=topgainer
COTY - Vol 34484345, Price 9.40, Change +1.17 (+14.16%), https://finance.yahoo.com/quote/COTY?source=topgainer
PSTG - Vol 16170435, Price 23.83, Change +2.88 (+13.75%), https://finance.yahoo.com/quote/PSTG?source=topgainer