Report
Andrew Lange
EUR 101.80 For Business Accounts Only

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

Sage reported another consistent half-year performance with the firm achieving stated growth and margin targets. Management’s tone was reflective given the firm’s three-year history of transformation. During this time, the company has refreshed its leadership, better aligned its back office, reinvigorated its brand, and switched to a cloud oriented technology strategy. With the cloud in mind, Sage’s subscription revenue is now 78% of total revenue and software subscription revenue now represents...
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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