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Sage: back on the road to £9 per share

Sage corporate headquarters

First quarter numbers have silenced those doubters who panic-sold Sage shares following the quarterly results six months ago. The tech company has finally started to provide investors with some consistency.

For the eighth consecutive quarter, Sage (LON: SGE) has reported an increase in recurring revenues, reflecting a level of consistency that chief financial officer Jonathan Howell says “we need, as we move towards becoming a subscription company”. Revenues from the group’s software sold as a subscription contributed 62% of total revenues in the three months to December 2019, up from 55% in the 2019 financial year and 51% this time last year. Meanwhile, the lumpy…

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