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Sage Group Says Sir Donald Brydon Intends To Retire As Chairman
Sage Group Says Recurring Revenue For Nine Months Increased By 9%
Sage Sees Revenue Hit From Coronavirus, Suspends Share Buyback
Sage Group plc is a United Kingdom-based company, which provides business software and solutions. The Company’s segments include North America, North America Intacct, Northern Europe, Central Europe, France, Iberia, Africa and the Middle East, Asia and Latin America. The Company’s business cloud product portfolio includes Sage Accounting, Sage Intacct, Sage People, Sage Intelligence, Sage CRM, Sage 200cloud, Sage Employee Benefits, Sage HR Advice Director, Sage HR Advice Manager, Sage X3 and Cloud connected solutions. The Sage Accounting enables businesses to manage the business, including invoicing, expense management, compliance and tax. The Sage X3 offers configuration options and applications to support the industry-specific processes. The Sage Intacct is the cloud financial management platform.
Software & Programming
North Park Avenue
Donald H. Brydon
Non-Executive Chairman of the Board
Chief Executive Officer, Chief Operating Officer, Executive Director
Jonathan A. G. Howell
Chief Financial Officer, Executive Director
Chairman Mid-Market Solutions
Marc E. Linden
Executive Vice President, General Manager, Medium Segment Native Cloud Solutions
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Price To Book (MRQ)
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Total Debt To Equity (MRQ)
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* FTSE 100 up 0.3%, FTSE 250 flat (Adds comment; updates to close)
Sage Group's <SGE.L> sales to new customers in April were roughly half the level expected as it felt the effects of a sharp economic downturn caused by the coronavirus pandemic.
Sage Group said it was starting to see the broader effects of a sharp economic downturn caused by the coronavirus pandemic, with new customer acquisition in April roughly half the level expected, as it reported progress in its first half.
* SAGE GROUP - OUR BUSINESS OPERATIONS HAVE CONTINUED WITH MINIMAL DISRUPTION TO DATE,
Software group Sage said on Monday revenue growth will be below its previous targets and suspended a 250-million pound share buyback, as it looks to shore up its liquidity during the coronavirus pandemic.
British software company Sage Group said on Wednesday it has suspended its share buyback plan to preserve liquidity following the coronavirus pandemic.
* IN LIGHT OF CURRENT COVID-19 PANDEMIC, IT HAS DECIDED TO SUSPEND ITS RECENTLY ANNOUNCED SHARE BUY-BACK PROGRAMME
British software company Sage reported a 13% drop in full-year organic operating profit to 432 million pounds ($558 million) on Wednesday as its margin was squeezed by increased investment in its cloud and subscription products.
Software company Sage Group Plc <SGE.L> said on Monday it will sell its payment processing unit Sage Pay for about 232 million pounds ($296.87 million) to Elavon, a payments company and unit of U.S. Bancorp <USB.N>.
British software company Sage Group Plc said on Monday it will sell its payment processing unit Sage Pay for about 232 million pounds ($296.87 million) to Elavon, a payments company and unit of U.S. Bancorp.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
British software company Sage Group Plc <SGE.L> said on Monday it is evaluating a possible sale of Sage Pay, the company's payment processing unit.
British software company Sage Group Plc said on Friday it expects full-year organic recurring revenue growth to be at the top end of its previous forecast, following higher subscriptions.
British software company Sage on Friday said it expects full-year organic recurring revenue growth to be at the top end of its previous forecast, underpinned by higher software subscriptions.
* Primark owner ABF nabs top spot after results (Updates prices)
* Sage nabs top spot, up 5.7 pct after strong subscription growth
British software company Sage said it had made a strong start to its financial year after its organic service revenue for the three months to end-December rose 7.6 percent to 465 million pounds ($598.5 million).
Sage Group Plc <SGE.L> said on Tuesday it would sell its U.S. payroll outsourcing business for 78 million pounds ($100.08 million) as part of the software provider's strategy to focus on subscription services by moving more products to the cloud.
The new boss of British software provider Sage said he would focus on subscription services by moving more products to the cloud but said this would constrain revenue growth in the short term.
British software provider Sage posted annual organic revenue growth of 6.8 percent, broadly in line with a downgraded target, but said growth could slow in the short term as it accelerates a plan towards subscription services.
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