We Think Execution Is Critical to Sage's Multiyear Growth Strategy as the Firm Refocuses
Sage released its brief third-quarter trading update with results in line with our expectations. Group organic revenue rose 6.8% with continued momentum across the North American business. Cloud connected and cloud native products helped buoy the North American performance. Sage Business Cloud produced annualized recurring revenue of GBP 386 million and represented a year-over-year growth rate of 56%. Software and software-related services revenue grew 7.7%, which reflected strong demand for tra...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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