The Sage Group Q1 Earnings Call Highlights [Yahoo! Finance]
SAGE GROUP UNSP/ADR (SGPYY)
NASDAQ:AMEX Investor Relations:
sage.com/corporate/investors
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Source: Yahoo! Finance
Chief Executive Officer Steve Hare and newly appointed Chief Financial Officer Jacqui Cartin, who started on January 1, discussed revenue performance, cloud momentum, early artificial intelligence (AI) monetization, and competitive dynamics during the call. Cartin said total group revenue increased 10% to GBP 674 million in the quarter, with broad-based contributions across geographies. North America: Revenue rose 13% to GBP 304 million , driven by Sage Intacct and supported by growth in Sage 200 and Sage 50. UK & Ireland (UKIA): Revenue increased 10% to GBP 194 million , reflecting “rapid scaling” of Sage Intacct and strong growth in Sage Accounting and Sage 50. Europe: Revenue grew 7% to GBP 176 million , with good growth across accounting, HR, and payroll solutions. ? MarketBeat Week in Review – 01/19 - 01/23 In Q&A, Cartin attributed the acceleration in North America to strong Sage Intacct performance across new and existing customers, supported by demand and “high-qua
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