Edition:
United Kingdom

Sage Group PLC (SGE.L)

SGE.L on London Stock Exchange

531.00GBp
10:06am BST
Change (% chg)

-17.00 (-3.10%)
Prev Close
548.00
Open
542.80
Day's High
543.00
Day's Low
530.40
Volume
872,578
Avg. Vol
3,249,818
52-wk High
825.20
52-wk Low
516.80

Latest Key Developments (Source: Significant Developments)

Sage Group Says Stephen Kelly Steps Down As CEO
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Sage Group PLC ::BOARD AND STEPHEN KELLY, CHIEF EXECUTIVE OFFICER, HAVE COME TO AN AGREEMENT AND STEPHEN HAS STEPPED DOWN AS A DIRECTOR AND CEO.CONTINUES TO TRADE IN LINE WITH PREVIOUS FY18 GUIDANCE OF AROUND 7 PCT ORGANIC REVENUE GROWTH AND AROUND 27.5 PCT ORGANIC OPERATING MARGIN.APPOINTED STEVE HARE, CHIEF FINANCIAL OFFICER, TO ADDITIONAL POST OF COO ON AN INTERIM BASIS. IN HIS POSITION AS CFO AND INTERIM COO.STEVE HARE WILL HAVE FULL EXECUTIVE AUTHORITY TO RUN BUSINESS UNTIL APPOINTMENT OF NEW CEO.  Full Article

Accountants Adoption Of AI Expected To Increase As Clients' Expectations Shift
Thursday, 15 Mar 2018 

March 15 (Reuters) - Sage Group Plc ::ACCOUNTANTS ADOPTION OF ARTIFICIAL INTELLIGENCE EXPECTED TO INCREASE AS CLIENTS’ EXPECTATIONS SHIFT.  Full Article

Sage Group completes acquisition of Intacct Corp
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - SAGE GROUP PLC ::CONFIRMS ACQUISITION OF INTACCT CORPORATION HAS NOW BEEN COMPLETED.  Full Article

Sage Group completes disposal of North American payments business
Tuesday, 1 Aug 2017 

Aug 1 (Reuters) - SAGE GROUP PLC ::COMPLETES DISPOSAL OF NORTH AMERICAN PAYMENTS BUSINESS.  Full Article

Sage Group confirms full year organic revenue growth of at least 6%
Tuesday, 25 Jul 2017 

July 25 (Reuters) - SAGE GROUP PLC ::SAYS Q3 GROUP ORGANIC REVENUE INCREASED BY 6.3 PCT.RECONFIRMS CURRENT GUIDANCE FOR FULL YEAR OF AT LEAST 6 PCT ORGANIC REVENUE GROWTH.SAYS ORGANIC RECURRING REVENUE FOR FIRST NINE MONTHS GREW BY 9.3 PCT.SAYS NET DEBT OF 415 MLN STG AS AT 30 JUNE 2017.  Full Article

Sage Group agrees to acquire Intacct Corporation
Tuesday, 25 Jul 2017 

July 25 (Reuters) - SAGE GROUP PLC ::SAYS HAS AGREED TO ACQUIRE INTACCT CORPORATION.SAYS TOTAL CONSIDERATION IS $850M (£654M ) TO BE PAID IN CASH AND ROLLED OVER SAGE OPTIONS.SAYS TRANSACTION IS EXPECTED TO COMPLETE WITHIN WEEKS.  Full Article

Sage Group first-half earnings per share rise 2 pct
Wednesday, 3 May 2017 

May 3 (Reuters) - Sage Group Plc :Interim dividend 5.22 penceper share.H1 underlying basic eps rose 2 percent to 14.45 pence.H1 17 organic 1 revenue growth of 6.4% (excluding north american payments) with stronger organic revenue growth in q2 of 7.0% (h1 16: 6.6%.H1 17 underlying 1 revenue growth (including north american payments) of 5.7% with underlying growth in q2 of 6.3% (h1 16: 6.2%).Organic operating margin of 25.2% (h1 16: 25.6%) achieved, in line with front-loading investment into h1 which will support accelerating momentum in h2.Organic operating profit £211m, up 5.0 percent.Underlying basic eps 14.45p, up 2.0 percent.We are very confident of exceeding our full year guidance of 6% revenue growth.Reconfirm our guidance of at least 27% operating margin on an underlying basis.  Full Article

Sage announces agreement to acquire Fairsail
Friday, 3 Mar 2017 

Sage Group Plc : Fairsail Limited acquisition . Agreement to acquire Fairsail Limited, a global cloud HCM and people management system for mid-sized businesses . Currently a minority shareholder, acquisition will see Sage take full ownership of Fairsail .Acquisition is expected to complete within next 30 days..  Full Article

Sage Group says group organic revenue increased by 5.1% for first three months of year
Thursday, 26 Jan 2017 

Sage Group Plc : Group organic revenue increased by 5.1% for first three months of year . Growth for quarter excluding U.S. payments business was 5.9% . We are evaluating strategic options including a potential sale for U.S. payments business . Organic recurring revenue grew by 9.6% . Organic software and software related services (SSRS) revenue declined by 10% .All major Sage countries are running to or exceeding plan, with exception of the United States.  Full Article

Photo

Oil stocks and Milan help European shares bounce back

MILAN/LONDON European shares managed to end a choppy session in positive territory and above 6-month lows on Tuesday as concerns about a likely clash in Europe over Italy's budget plans eased and heavyweight energy stocks lifted benchmarks.