SGGEF - Sage Group: Cloud Transition And SMB Penetration Maintain Uptrend
Overview
UK-based Sage Group (SGGEF) (SGPYY) [LON:SGE] presents long-term growth and income investment opportunity in the software space. It is currently the market leader in the enterprise software space across various verticals in the UK. With £1.8 billion of revenue in 2019, it was also one of the largest enterprise software companies in the UK. Having been in the business for over 39 years, Sage is in a strong position to expand across any conceivable software vertical across any segment, in our view, given its deep industry moat and strong balance sheet. We expect the