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Sage Group PLC - enterprise software company based in Newcastle upon Tyne, England - Says to ‘simplify’ revenue reporting, effective from its first-quarter trading update. Says to focus on reporting total revenue and not recurring revenue, as both metrics ‘increasingly converge’. ‘Annualised recurring revenue growth will continue to be provided as a strategic key performance indicator,’ Sage adds. In addition, it adds it will principally report revenue performance on regional basis. ‘Previously Sage has reported revenue performance by region, by portfolio and by type. Reflecting the strong progress made in Sage’s transition to subscription and the cloud, revenue analysis by portfolio and by type, together with cloud native ARR and Sage Business Cloud penetration, will no longer be provided,’ it explains. Current stock price: 1,151.85 pence 12-month change: up 45% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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