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.
For further insights into GB:SGE stock, check out TipRanks’ Stock Analysis page.
