Sage Group shares jump 19% on strong FY24 results, FY25 outlook By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2024
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Source: Investing.com
Strong Financial Performance: Sage Group's shares rose over 19% following strong FY2024 results, with organic revenue growth of 9.2% and adjusted EBIT of £529 million, exceeding market expectations. The company also reported significant growth in cloud-native revenues and a notable increase in free cash flow.
Positive Outlook and Strategic Initiatives: Sage provided an optimistic FY2025 guidance for organic revenue growth at 9% or above, alongside plans for a £400 million share buyback program and ongoing investments in AI, indicating confidence in sustainable growth and shareholder returns.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
