Ultimate Stocks: strong updates across the board
While inflationary fears have been dominating the headlines, bringing a long-overdue sell-off in global stock markets, our Ultimate Stocks continue to report strong progress, with one in particular looking cracking value.
Sage: strong first half supports confident outlook
Accounting software group Sage Group (LON:SGE) performed strongly in its first half ending 31 March 2021, with continued recurring revenue growth and increasing levels of new customer sign-ups.
Organic recurring revenue increased by 4.4% to £811m, underpinned by 11% growth in software subscriptions to £608m, offset by a predicted 21% decrease in other revenue to £79m. Total organic revenue grew by 1.4% to £890m.
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