Edition:
United Kingdom

Sage Group PLC (SGE.L)

SGE.L on London Stock Exchange

694.00GBp
20 Feb 2018
Change (% chg)

2.80 (+0.41%)
Prev Close
691.20
Open
696.60
Day's High
697.00
Day's Low
693.00
Volume
98,788
Avg. Vol
3,153,971
52-wk High
825.20
52-wk Low
613.00

Latest Key Developments (Source: Significant Developments)

Sage posts 6 pct Q1 revenue growth, in line with expectations
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Sage Group Plc ::‍GROUP ORGANIC REVENUE 1 INCREASED BY 6.3% FOR FIRST THREE MONTHS OF YEAR.​.‍ORGANIC RECURRING REVENUE GREW BY 7%, UNDERPINNED BY SOFTWARE SUBSCRIPTION GROWTH OF 26%​.‍Q1 RESULTS ARE IN LINE WITH OUR EXPECTATIONS​.‍WE EXPECT ACCELERATION THROUGHOUT YEAR INCLUDING A STRONGER Q2 AND WE REITERATE OUR FULL YEAR GUIDANCE OF AROUND 8% ORGANIC REVENUE GROWTH AND AROUND 27.5% ORGANIC OPERATING MARGIN FOR FY18​.  Full Article

Sage Group sells U.S. payments unit for $260 mln
Friday, 2 Jun 2017 

June 2 (Reuters) - Sage Group Plc ::Disposal of North American payments business.Announces sale of its North American payments business to GTCR LLC.Says enterprise valuation for transaction is $260 mln of which $240 mln is payable as cash on completion and remaining $20 mln as deferred consideration.Transaction is subject to certain completion conditions and is expected to complete in next 3 months.Proceeds will be used to reduce net debt and invested in growth.  Full Article

Sage Group sees no material impact from Brexit on underlying performance
Tuesday, 26 Jul 2016 

Sage Group Plc : Group organic revenue increased by 6.0% in q3 . Weakening of sterling at end of q3 will generate a slight fx tailwind for FY16 if current exchange rates were to prevail for rest of year . Organic recurring revenue grew by 10.1% for year to date . Remains confident of meeting fy16 full year guidance: delivering at least 6% organic revenue growth and 27% organic operating margin. .Do not expect there to be a material impact from EU referendum on underlying operating performance of business.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Feb 8

Feb 8 Britain's FTSE 100 index is seen opening down 56 points at 7,223.2 on Thursday, according to financial bookmakers, with futures down 0.8 percent ahead of the cash market open.