Sage Shares Take a Bumper After Strong Earnings
Quick take: On Wednesday, Sage shouted “Yes!” to the market, lifting its shares by a solid 10.3% after announcing a rock‑solid profit and double‑digit revenue surge.
Results That Shine
- Operating profit up 18% – that’s a tidy jump.
- Margins climbed 20.9% – the company’s got the efficiency game down.
- Full‑year update shows the cloud business grew, with underlying revenue Leaping 12% to £21 billion. SMEs are (finally) getting digital.
Looking Ahead
“We’re all about efficiently scaling,” says CEO Steve Hare. “Small and mid‑size businesses keep pushing into digital, even when the broader economy feels a bit wobbly. We’re building a platform that’s tough, fast, and ready to keep the growth coming in 2024 and beyond.”
Analysts Take Note
Jefferies mentions that Sage remains one of the clearer investment options in the sector – a relief for investors looking for predictability.
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