Make your money go further for just 25p per day

PREMIUM

Sage: subscription revenue growth but shares take a hit

20/11/2020 · Sage Group (SGE) 

FTSE 100 Investment Ideas

Sage logo

Full year results disappointed the market but there were plenty of positives in a very challenging year as its subscription model develops. This is a high quality business generating attractive returns which looks compelling value at current levels.


Accounting software specialist Sage (LON:SGE), the UK’s largest listed software group and a constituent of our Ultimate Stocks portfolio, reported a 1.7% decline in revenue to £1.9bn for its financial year ending 30 September with underlying overall operating profit down 6.7% to £411m,. While disappointing, it’s worth remembering this was very challenging year for many of its customers and this still represents an operating margin of 23.2%.


Sage is going through a bit of a metamorphosis…

Continue reading our content…

Gain access to all our excellent content for just £90 per year, that’s just 25p per day for financial freedom.
  • Unlimited access to our market-beating portfolios
  • In-depth coverage of many of the world’s great companies
  • Unique insights from our top research team
Register FREE for access to limited content.
  • Company and markets insights
  • Sponsored content
  • Podcasts

Previous article Next article

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world

REGISTER FREE

Fundamental Asset Management
Buy any of our portfolios with our associates.
 

FIND OUT MORE

More on Sage Group

​Ultimate Stocks: high quality companies continue to deliver

20/11/2020 · Portfolio

Results and updates this week from our Ultimate Stocks included two accounting software groups and a…


Sage: subscription revenue growth but shares take a hit

20/11/2020 · Portfolio

Full year results disappointed the market but there were plenty of positives in a very challenging…


More Portfolio

Is Tesla getting left behind in the electric vehicle race?

23/11/2020 · Fisker · Ford Motor Co · Li Auto · Lordstown Motors · Nio · Tesla · Volkswagen · Xpeng

Income Boosters: Green shoots of growth?

​Ultimate Stocks: high quality companies continue to deliver