May 13, 2022 / 07:30AM GMT
Stephen Hare - The Sage Group plc - CEO & Executive Director
Good morning, and a warm welcome to Sage's 2022 First Half Results Presentation. I'm going to start with an overview of our key messages for today.
Firstly, our performance. Sage delivered strong results in the first half, and our growth is accelerating. Recurring revenue increased by 8% and annualized recurring revenue by 10%. Cloud native ARR continued to grow strongly at over 40%, and now represents around 1/4 of the group total. And our margin increased in line with expectations as our growth drives operating efficiencies.
Moving to opportunity. Sage has a strong position in a robust growing market. Our solutions are critical for enabling efficiency and resilience in millions of small and midsized businesses around the world. And despite the uncertain geopolitical and economic outlook, SMBs continue to invest more in digital technology as they look to automate processes, gain better business insights and comply with regulation. And Sage's trusted solutions across finance, HR and payroll position us well to support them.
Half Year 2022 Sage Group PLC Earnings Call Transcript
Feb 14, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers