Sage cancels £250m share buyback and scraps guidance April 6, 2020 Software company Sage Group today said it was cancelling a £250m share buyback and withdrawing its financial guidance after coronavirus hit its revenue, The company said it thinks organic recurring revenue growth will be below its guided range of eight-to-nine per cent and decline in other revenues will “accelerate significantly” in the second half, with [...]
Sage reports strong revenue growth amid continued subscription momentum January 22, 2020 Software company Sage has reported strong revenue growth for the first quarter of the 2020 financial year, boosted by the performance of its software subscription business. Total group revenue at the Newcastle-headquartered company grew 6.7 per cent to £465m in the three months ending 31 December, with recurring revenue increasing 11 per cent year-on-year. Sage [...]
Sage kicks off sale of payments-processing business September 9, 2019 Sage has lined up bankers to find a buyer for its payments-processing arm Sage Pay. Investment bank Rothschild has been appointed to sell the business, which has around 50,000 small and medium sized business customers, Sky News reported. Read more: Sage shares fall as it warns of slipping license software sales It is unclear what [...]
Sage shares fall as it warns of slipping license software sales July 25, 2019 Sage’s share price has dipped 12 per cent after the British IT firm revealed traditional software sales fell over the first nine months of the year. Sage’s core software revenue dropped 15.5 per cent year on year to £195m, it said today, blaming underperforming sales for its old X3 as it transitions to its cloud-based [...]
City Moves for 4 December – who’s switching jobs at Spire Healthcare, Sage Group and Mizuho International? December 4, 2018 Who’s swapping jobs today? Spire Healthcare Spire Healthcare has promoted Alison Dickinson to the newly-created role of group clinical director with a remit of overseeing quality of care across the company’s 39 hospitals and 11 clinics. Alison joins the executive leadership team of the UK’s leading independent hospital group having previously served as the company’s [...]
FTSE round up: Index drops on oil and mining share sell-off following fears of oversupply November 23, 2018 The FTSE 100 closed 0.14 per cent down this week after falling to 6,950.82, driven by a sell off in oil and mining shares. The biggest faller was silver and gold miner Fresnillo which saw a 6.98 per cent decrease to 746.4p as the company continued to feel the effects of being downgraded by Morgan Stanley [...]
FTSE 100 roundup: Today’s winners and losers November 2, 2018 The FTSE 100 lost ground today, with the index down 8.05 points at 7,106.61 shortly before the market close. Markets globally reacted positively to suggestions that the US and China may be coming towards a deal to end their recent trade war. However, looking at the week just gone, it appears that the FTSE 100 [...]
City Moves for 4 October 2018 – who’s switching jobs at Sage, Thrings and Newgate Communications? October 4, 2018 Today's City Moves cover tech, legal eagles and communications. Take a look at these movers and shakers: Sage Sage, the market leader in cloud business management solutions, today announced the appointment of Amanda Cusdin as chief people officer. Following an interim period, this appointment recognises her contribution to creating a culture that will support Sage’s [...]
Sage profits soar as Stephen Kelly takes the reins as CEO December 3, 2014 Software company Sage Group has reported a 69 per cent rise in pre-tax profit to £278m. Operating profit was also up a whopping 65 per cent to £298m for the year ended 30 September. The FTSE 100 company grew software subscription revenues 28 per cent. Stephen Kelly, the company's new chief executive, said: Our financial [...]
Sage vs Netsuite: CEOs Stephen Kelly and Zach Nelson take Tube-inspired ad war to Twitter November 6, 2014 Netsuite, the US software firm, is on the war path. The cloud computing giant wants a slice of UK rival Sage’s market share and isn’t afraid of getting its hands a bit dirty. On Wednesday, it launched a newspaper ad campaign, using a Tube-like map to attack Sage: “All Sage lines terminate here,” said the [...]
