SGGEF - The Sage Group plc (SGGEF) Q2 2024 Earnings Call Transcript
2024-05-16 11:31:05 ET
The Sage Group plc (SGGEF)
Q2 2024 Earnings Conference Call
May 16, 2024 3:30 am ET
Corporate Participants
Steve Hare - Chief Executive Officer
Jonathan Howell - Chief Financial Officer
Conference Call Participants
Frederic Boulan - Bank of America
Adam Wood - Morgan Stanley
James Goodman - Barclays
Daria-Ioana Sipos - JPMorgan
Balajee Tirupati - Citi
Michael Briest - UBS
Presentation
Steve Hare
Good morning and welcome to Sage's First Half Results Presentation. Also with me today is Jonathan Howell, our CFO, and together we're looking forward to presenting a strong set of results to you. So let's start with an overview of our key messages.
Sage performed well in the first half. We sustained strong revenue growth underpinned by broad-based drivers across our portfolio of cloud solutions and markets. Discipline cost control has enabled us to drive efficiency leading to good levels of margin expansion and a significant uplift in EPS and free cash flow. And our business model is resilient as we provide mission-critical software and services to help small and mid-sized businesses streamline processes, save time and make better decisions.
Secondly, we are investing in innovation as a source of near-term advantage as well as a foundation for long-term success. From small enhancements to major new releases, we're introducing new and improved solutions at pace, driving engagement among customers, accountants and partners.
The Sage network, designed as a powerful open platform for innovation, is enabling us to deliver new AI-powered services. These services automate workflows, not just within but between organizations. They connect business ecosystems and they deliver benefits to customers of Sage and beyond.
And finally, we continue to execute against our strategy with good progress in all areas. We're leveraging our global scale and expertise, whilst at the same time differentiating our offering with deep local knowledge. And importantly, our top-line expansion enables ongoing investment as we continue to build a scalable platform for strong, sustainable growth....
The Sage Group plc (SGGEF) Q2 2024 Earnings Call Transcript