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Trading statements

Sage Group says Q1 results broadly in line

26 January 2017 07:47

Sage Group said its Q1 results are broadly in line with its expectations, having previously indicated that the early part of FY 2017 would start more slowly, with growth accelerating through the year and into FY 2018. "Management is clear that FY17 is all about delivery," the company said.

"The strategy is working: our customer-for-life engine continues to drive high quality revenue growth and we are starting to see encouraging signs of new customer acquisition as we continue to invest in the business.

"For the year as a whole we remain confident that we will achieve the guidance of at least 6% organic revenue growth and at least 27% organic operating margin."

Sage noted that there had been a further devaluation of sterling against the US dollar in Q1, which had caused a slight exchange rate tailwind.

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Related Company: SGE

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