January 31, 2025 09:03 GMT
TECHNOLOGY: Sage Group Q1 Sales Result (Yesterday)
TECHNOLOGY
SGELN NR/BBB+
Equity moved lower but pared losses to close flat. Credit steady.
- Sage group reported Q1 rog revenues +9% (cons was +8%, only two ests) with cloud +13%.
- All regions showed growth with Europe +7%, UKIA +9%, NA +11%.
- FY guidance was reiterated. Equity analyst takes describe the update as steady and stable.
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