Sage Performs Ahead of Our Expectations; Successful Subscription Shift, Shares Overvalued
Sage’s full-year results were ahead of our expectations after the company posted a statutory revenue growth rate of 9.3% for the year. As expected, the company’s organic recurring revenue growth rate was in the low-double digits. However, we were pleasantly surprised by the organic growth rate in processing, which was driven by good Sage Pay demand in the U.K. and Ireland, and strong demand for payroll processing in international markets. As Sage transitions to a cloud-based model, the adoption ...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).
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.
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