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Sage: subscription revenue growth but shares take a hit

20/11/2020 · Sage Group (SGE) 

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Full year results disappointed the market but there were plenty of positives in a very challenging year as its subscription model develops. This is a high quality business generating attractive returns which looks compelling value at current levels.

Accounting software specialist Sage (LON:SGE), the UK’s largest listed software group and a constituent of our Ultimate Stocks portfolio, reported a 1.7% decline in revenue to £1.9bn for its financial year ending 30 September with underlying overall operating profit down 6.7% to £411m,. While disappointing, it’s worth remembering this was very challenging year for many of its customers and this still represents an operating margin of 23.2%.

Sage is going through a bit of a metamorphosis…

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