27th Jan 2026 08:20
(Alliance News) - Sage Group PLC on Tuesday affirmed its annual outlook after a "strong start" to the financial year.
Sage shares rose 2.7% to 1,071.00 pence each in London on Tuesday morning.
The accountancy software provider said revenue in the first quarter to December 31 shot up 10% to GBP674 million from GBP610 million. Growth on an organic basis was also 10%.
Swiss bank UBS had expected Sage to report growth of 9.3% for the quarter.
The Newcastle upon Tyne, England-based firm said it was a "strong start" to financial 2026. Organic revenue growth accelerated from the 9% seen over the course of the prior financial year.
"We are investing in innovation across our AI-powered platform, helping small and mid-sized businesses solve their day-to-day challenges and work more productively," Chief Financial Officer Jacqui Cartin said.
Sage backed its annual guidance, expecting organic total revenue growth to be "9% or above".
By geography, first quarter revenue rose 13% in North America to GBP304 million, in the UK, Ireland, Asia Pacific & Africa by 10% to GBP194 million and in Europe by 7% to GBP176 million.
On an organic basis, North America revenue rose 12%, UKIA by 10% and Europe by 7%.
Sage noted that sterling strengthened on the dollar during the period, but surrendered some ground on the euro. This meant a "broadly neutral exchange rate impact".
By Eric Cunha, Alliance News news editor
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Sage Group