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Sage Group

  • Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth

    POLITICS

    Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]

  • Sage’s sales climb to £517m as accountancy software giant sees boom for Cloud and subscription services

    Accountancy software

    Sage’s profits are on track to meet its 2023 full-year guidance after recurring revenue rose 12 per cent to £517m in the three months ended 31 December. This rise was boosted by a 31 per cent rise in Cloud sales and an 18 per cent hike in software subscription sales, £390m and £422m respectively. Jonathan [...]

  • Revenue climbs for Sage as cloud business bolsters full year

    sage results

    Sage Group shot to the top of the FTSE 100 this morning as its cloud business bolsters full year results. The London-listed company posted organic recurring revenue growth of nine per cent to £1.82bn, underpinned by Sage Business Cloud growth of 24 per cent. Northern Europe (UK & Ireland) achieved organic recurring revenue growth of [...]

  • The Sage Group snaps up Seattle software developer Lockstep

    August 16, 2022

    THE SAGE Group, the UK’s largest tech company, has acquired Seattle software developer Lockstep as part of its ongoing efforts to capitalise on the fast-paced growth of cloud computing. The takeover deal will see Sage – a major developer of accounting, HR, and payroll technology – snap up accounting software company Lockstep for an undisclosed sum. [...]

  • Sage revenues jump as firms plough cash into cloud

    August 2, 2022

    Software giant Sage Group said revenues had jumped to £1.3bn today as firms continue to plough cash into digital transformation projects sparked by the pandemic.

  • Overhaul tax system to boost firms’ tech investment, says Sage boss

    June 26, 2022

    The boss of British software giant Sage has called for an overhaul of the UK’s tax system to boost firms’ investment in digital growth and tech infrastructure.

  • Untapped tech adoption could boost UK economy by £232bn annually

    June 8, 2022

    Accelerated digitalisation of British small and medium firms would inject £448bn into the UK economy, according to fresh research from Sage. With small and medium businesses’ (SMBs) tech usage currently contributing £216bn to the UK economy, the FTSE 100 firm found that SMBs could add an extra £232bn if technology was fully utilised across the [...]

  • Sage records ‘strong start to year’ despite investor uncertainty

    January 26, 2022

    The Sage Group makes a “strong start to year”, with software subscription revenue growth up by 13 per cent to £336m, increasing subscription penetration to 73 per cent.

  • Software firm Sage Group snaps up remaining stake in Brightpearl for £225m

    December 20, 2021

    British software firm Sage Group said this morning that it will buy the remaining 83 per cent stake in cloud-based software provider Brightpearl it does not already own for about $299 million (£227m).

  • Sage reports 10 per cent profit drop as it gears up for scaling

    November 17, 2021

    Accounting software company Sage reported a 10 per cent drop in full-year organic operating profit to £343m as investment in its cloud offer squeezed its margin to 19.3 per cent from 22 per cent a year ago.

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