Report
Andrew Lange
EUR 147.86 For Business Accounts Only

Sage faces a number of long-term threats to its market-leading position in SMB software.

Sage released a brief and fairly featureless third-quarter fiscal 2016 trading update. Overall, the update pointed to the continued momentum in the firm’s subscription-based operating model transition, with organic recurring revenue up 10.1% year to date while upfront license sales declined. Additionally, processing revenue was in line with management’s expectations, characterized by stronger payroll demand compared with payments. Group organic revenue rose 6% in the quarter, and we continue to ...
Underlying
Sage Group plc

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).

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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