The Sage Group plc Announces Sales Results for the First Quarter Ended December 31, 2017
January 24, 2018 at 02:05 am
The Sage Group plc announced sales results for the first quarter ended December 31, 2017. For the quarter, the Group organic revenue increased by 6.3% for the first three months of the year. Organic recurring revenue grew by 7%, underpinned by software subscription growth of 26%. Organic software and software related services (SSRS) revenue increased by 4% reflecting continuing strong performance in training and services and Enterprise Management (formerly Sage X3), offset by a decline in other licences.