Sage Group Reports Solid Growth Amid Economic Uncertainty

Sage Group plc (GB:SGE) has released an update.

Sage Group plc, a key player in accounting and payroll solutions for small and mid-sized businesses, reported a 9% revenue growth to £1,737m in the first nine months of 2024, with significant performances in North America and the UKIA region. The company’s Sage Business Cloud service saw a 16% increase, boosted by strong new customer acquisitions and growth in subscription services, resulting in an 82% subscription penetration rate. Despite global economic uncertainties, Sage maintains its full-year guidance, attributing confidence to its strategic focus on innovation and AI investments.

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