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The Sage Group plc (SGE.L)

LSE - LSE Delayed Price. Currency in GBp
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672.00+3.60 (+0.54%)
At close: 4:35PM BST
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Neutralpattern detected
Previous Close668.40
Open671.80
Bid672.80 x 0
Ask673.20 x 0
Day's Range669.40 - 681.20
52 Week Range543.20 - 774.40
Volume6,011,497
Avg. Volume2,825,204
Market Cap7.274B
Beta (5Y Monthly)0.55
PE Ratio (TTM)23.91
EPS (TTM)28.10
Earnings DateMay 14, 2021
Forward Dividend & Yield0.17 (2.65%)
Ex-Dividend DateMay 27, 2021
1y Target Est617.00
  • Sage 2021 Close the Books Survey reveals businesses can shorten close process times by 36 percent by switching from spreadsheets to cloud financial management
    GlobeNewswire

    Sage 2021 Close the Books Survey reveals businesses can shorten close process times by 36 percent by switching from spreadsheets to cloud financial management

    Survey also shows appetite for cloud financial systems increased during pandemic, as businesses using cloud software adapted more easily to a remote close than those using on-premises softwareATLANTA, June 02, 2021 (GLOBE NEWSWIRE) -- Sage (FTSE: SGE), the market leader in cloud business management solutions, today shared the results from its annual Close the Books Survey. Based on a poll of more than 1,600 finance and accounting professionals, the survey reveals that closing the books for many

  • Sage launches its first Sage Intacct data centre presence in Canada
    GlobeNewswire

    Sage launches its first Sage Intacct data centre presence in Canada

    Sage Intacct customers now have access to the AWS Canada (Central) Region to help them scale and accelerate their digital transformation strategy, while meeting data residency and privacy lawsTORONTO, May 25, 2021 (GLOBE NEWSWIRE) -- Sage (FTSE:SGE), the market leader in cloud business management solutions, today announced its new Sage Intacct Canada Data Centre leveraging Amazon Web Services (AWS). The in-country presence will help Sage Intacct customers scale and accelerate their digital transformation strategy, while complying with federal and provincial privacy legislation. Sage is leveraging the Amazon Web Services (AWS) Canada (Central) Region in Montreal, setting up its first local presence and adding to the seven other regions where it operates globally. The in-country presence will allow Sage to help more customers in market with data residency requirements such as not-for-profit, healthcare, financial services, and the public sector. Today’s leading organizations require the most up-to-date and advanced capabilities found in SaaS and cloud-first finance systems. Using AWS’s infrastructure, Sage Intacct customers can scale their operations with the cloud, while ensuring access to business-critical information anytime, anywhere. The AWS Canada (Central) Region is committed to being carbon-neutral and uses sustainable energy from clean, renewable hydropower, which is aligned with Sage's commitment to science-based carbon reduction targets as part of its wider social purpose and sustainability strategy.Cloud solutions are rapidly being adopted across Canada, as organizations look to increase their efficiency and agility to keep pace with the digital economy. As a result, there is an increasing demand for cloud accounting solutions that meet Canadian data sovereignty laws.“At Sage, we take the privacy of our customers’ data seriously. This launch empowers our customers to seize the opportunity of the cloud and future-proof against the challenges of tomorrow, while keeping their data safe, secure, and compliant,” said Daniel Oh, Vice President, Medium Segment, Sage. “The availability of Sage Intacct in Canada demonstrates our commitment to the local market and helping organizations from coast to coast with their digital transformation and journey to the cloud,” added Oh. “Sage is dedicated to helping Canadian organizations leverage cloud-enabled technology, to better serve their customers and enhance competitiveness in today’s market.” Sage Intacct is a best-in-class cloud financial management platform delivering deep industry-specific accounting capabilities, extensive process automation and high configurability. The platform provides customers with real-time visibility to finance users and other stakeholders across the business to act fast, increase efficiency and power growth. Sage Intacct was recently positioned as a Visionary in the May 2021 Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises. Click here for more information on the report. Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Media contact: Monique DanielSagemonique.daniel@sage.com(905) 781-0758About Sage Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight. Learn more at https://www.sage.com/en-ca/

  • Resilience, Recovery, and Recruitment: Small business optimism will result in millions of new jobs in 2021
    GlobeNewswire

    Resilience, Recovery, and Recruitment: Small business optimism will result in millions of new jobs in 2021

    With vaccine rollouts underway, hopes of an end to national lockdowns and investments made in technologies during the pandemic, 78% of small businesses expect their business to be profitable by 2022 As we emerge from lockdown, three-quarters (74%) of small businesses across the U.S., U.K. and France feel optimistic about their business a year from now and 52% feel the pandemic has made their business more resilient.When thinking about future profits for small businesses, Sage’s survey suggests that businesses expect to return to pre-pandemic profitability by Q4 2021 thanks to an increase in consumer confidence and greater efficiencies.Optimism will translate into new jobs across the globe, with 4.6 million in the U.S., 1.2 million more jobs forecasted in the U.K., and 2.4 million in France. ATLANTA, May 18, 2021 (GLOBE NEWSWIRE) -- Sage, the market leader in cloud business management solutions, unveiled the true levels of resilience and optimism amongst small businesses across the U.S., U.K. and France as major economies reopen across the globe and consumer confidence rises. Sage’s recent sentiment survey shows that small businesses – the economic backbone of many countries – have reached a turning point and confidence has largely returned. Three quarters of small businesses surveyed are optimistic about the future of their business and growth trajectory in the next year. Optimism is mainly driven by the vaccine rollout program (45%), the return of in-person customer engagement (35%) and projections of increased consumer spending (32%). Over eight in 10 small businesses do not expect another lockdown with most small businesses feeling optimistic that their business will return to pre-pandemic levels this summer – both in terms of profitability and staffing. In fact, 81% of small businesses across markets believe their business will return to pre-pandemic profitability this summer. This confidence is led by the U.S. (82%), followed closely by the U.K. (79%). An ability to adapt was critical during the pandemic. Many (60%) small businesses say that they have coped well with the barriers COVID-19 placed on them, making big changes to how their business operates. Most commonly, in the U.S., 38% of small businesses said they cut overhead costs and, because of further financial barriers, 27% said they relied on their savings to make it through. This behavior was also reflected in the U.K., with 35% cutting overhead costs and 25% relying on savings. In France, the figure was 35% and 21% respectively. Small businesses turned to technology to overcome difficulties and create efficiencies within the business. In fact, 76% of small businesses say they rely on technology. In the U.S., 64% used new technology to sell more and stay connected with customers or improve how their business operates. French small businesses used technology similarly to U.S. small businesses (67%), while 52% of small businesses in the U.K. also invested in new technologies, nearly all of whom said this increased investment improved their business. Renewed optimism is driving hiring plans, and as small businesses grow their workforce, they will continue to look at how they can increase diversity and prioritize employee wellbeing. One-third of small businesses are expected to hire in 2021, which could create millions of jobs. When applied to ONS data on employment from small businesses, this could mean 4.6 million more jobs in the U.S., 2.4 million in France and 1.2 million in the U.K. Since the start of the COVID-19 pandemic, small businesses are thinking more about their wider role in society, ranging from supporting employee well-being initiatives and environmental sustainability initiatives to prioritizing diversity in recruiting – with many small businesses expected to make further improvements in the upcoming year. Small businesses across the globe are increasing their focus on ways of working and employee wellness with 47% of U.S. small businesses improving flexible working, 37% of U.K. small businesses increasing support for physical wellness and 34% of French small businesses modifying recruitment initiatives to prioritize diversity. Steve Hare, CEO of Sage Group commented: “As the economic environment improves, optimism amongst our customers is increasing and as is their confidence to capitalize on the opportunities ahead. Small businesses are accelerating investment in people and digital technology, prioritizing flexibility, resilience and productivity. This is a clear sign they will bring the bounce back into the economy and why they need to be at the heart of any recovery plans. We must make sure this swell of optimism is given the opportunity to become a tidal wave of growth. At Sage, we have called on governments for support and investment to accelerate the recovery of small businesses during these difficult times and made our own investments in supporting a small business led recovery. We will make it our priority to continue listening, give unheard small businesses a voice with governments and use our time and expertise so that the economic recovery is an inclusive one.” These findings follow The Survival, Resilience and Growth report undertaken by Sage during summer 2020, which highlighted the need to enable businesses to invest to support recovery by helping them access technology and finance. About SageSage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility, and efficiency to manage finances, operations, and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise, and insight. MethodologyPortland Communications’ specialist research team recently conducted three ten-minute online surveys of 4,156 ‘Small Business Decision Makers’ in the U.S.A., U.K., France. Sample breakdown: 2,144 Small Business Decision-makers in the U.S., 1,004 in the U.K. and 1,008 in France. Small Business Decision-makers are owners or senior managers e.g. MD or owners of businesses employing fewer than 250 people. Portland Communications’ online polling studies are accredited by the British Polling Council.All data gathered is of a publishable quality. Media Contact:Ally EdgeAlly.edge@sage.com