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The Sage Group plc (OTCPK:SGGEF) This fall 2024 Earnings Convention Name November 20, 2024 3:30 AM ET
Firm Individuals
Steve Hare – Chief government officerJonathan Howell – Chief Monetary Officer
Convention Name Individuals
Adam Wooden – Morgan StanleyToby Ogg – J.P. MorganRahul Chopra – HSBCFred Boulan – Financial institution of AmericaCharles Brennan – JefferiesMichael Briest – UBS
Steve Hare
Good morning and welcome to Sage’s Full-Yr Outcomes. I am happy to be joined by Jonathan Howell, our CFO. Now I’ll begin with an outline of our key messages.
FY ’24 was a profitable 12 months for Sage as we proceed our robust trajectory of development. We achieved double-digit ARR development for the third consecutive 12 months. And this drove strong broad-based income development with good efficiency in all areas. Disciplined price management, along with working efficiencies enabled us to ship a document working revenue with margin enlargement being significantly robust. And wonderful money conversion drove a major uplift in free money move. This robust development is underpinned by our resilient enterprise mannequin as extra small and midsized companies flip to Sage to turn into extra productive and environment friendly.
Secondly, our progress is supported by continued growth and innovation, enhancing productiveness and insights for patrons in addition to for ourselves. We’re investing in our core merchandise, offering higher performance that is extra tailor-made to buyer wants. And we’re integrating our options into suites to simplify our proposition and drive larger worth. And we’re constructing AI into extra enterprise workflows. This 12 months, we launched Sage Copilot, our Gen AI-powered digital assistant, and we’re already seeing robust engagement and adoption.
And at last, our efficiency is pushed by constant strategic execution. We proceed to concentrate on effectively scaling the Group, driving high line development to allow extra funding, while on the identical time increasing the margin. That is
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