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Stock impact report

The Sage Group plc (SGGEF) Q3 2019 Results - Earnings Call Transcript [Seeking Alpha]

SAGE GROUP UNSP/ADR (SGPYY)  More Company Research Source: Seeking Alpha
NASDAQ:AMEX Investor Relations: sage.com/corporate/investors
PDF The Sage Group plc (SGGEF) Q3 2019 Results - Earnings Call Transcript The Sage Group plc ( OTC:SGGEF Company Participants Jonathan Howell - CFO Conference Call Participants Stacy Pollard - JP Morgan Amit Harchandani - Citigroup Mohammed Moawalla - Goldman Sachs Charlie Brennan - Credit Suisse James Goodman - Barclays Michael Briest - UBS John King - Bank of America Good morning, everyone and thank you very much and welcome to the Sage Q3 trading update. First, I'll give you a quick update on the key numbers and then we can open for Q&A. Total revenue for the first nine months of the year is up 5.9% to 1.4 billion. Recurring revenue increased by 10.6% to 1.2 billion and this is underpinned by growth in software subscription of 28% to 752 million. This strength in recurring revenue reflects our focus on acquisition of new customers, and migration of existing customers to subscription on our cloud native and cloud connected solutions. It's worth noting that recurring revenue growth has b [Read more]
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