SAGE GROUP: Q1 FY20 trading update: growth above the expected annual trend | NEUTRAL | 690p
SAGE GROUP - NEUTRAL | 690pQ1 FY20 trading update: growth above the expected annual trend
Q1 FY20 lfl revenue growth above full-year expectations
Growth was driven by North America and the UK
FY20 guidance is reiterated
Sage Group is a technology provider that assists to manage businesses of all sizes. Co. provides a suite of cloud business management solutions and services including accounting, financials, enterprise management, people, payroll, payments and banking, as well as marketplace apps that can be provisioned to match the exact needs of any business. Co. has three reportable segments in which it operates, being Northern Europe (the U.K. and Ireland), Central and Southern Europe (Germany, Switzerland, Poland, France and Portugal) and NorthAmerica (the U.S., Canada and North America Intacct).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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