The Sage Group plc (SGGEF) Q1 2025 Earnings Call Transcript

2025-01-30 08:39:01 ET

The Sage Group plc (SGGEF)

Q1 2025 Earnings Conference Call

January 30, 2024 03:30 AM ET

Company Participants

Jonathan Howell - CFO

Conference Call Participants

Adam Wood - Morgan Stanley

Toby Ogg - JPMorgan

Frederic Boulan - Bank of America

Charles Brennan - Jefferies

Balajee Tirupati - Citi

Michael Briest - UBS

Presentation

Jonathan Howell

Good morning everyone and welcome to Sage's Q1 Trading Update. I'll briefly run through the key numbers and the performance of the business and after that, we can open for Q&A.

Sage has made a strong start to the year, delivering revenue growth in line with our expectations. Total revenue for the group increased by 10% to £612 million, driven by broad-based growth across all regions. In North America, revenue grew by 11% to £279 million, with a good performance in Sage Intacct, together with continuing growth in Sage 200 and Sage 50.

In the UKIA region, revenue grew by 9% to £176 million. This was driven by strong progress in Sage Intacct, together with further success in Sage Accounting, Sage Payroll, and Sage 50. And in Europe, revenue increased by 8% to £157 million, with a strong performance across our accounting, HR, and payroll solutions....

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