December 3, 2015 IBOMLLC Team

Sage maintains Double-Digit Growth performance in Africa

Sage maintains Double-Digit Growth performance in Africa

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Sage financial targets achieved with momentum for sustainable growth

Africa: double-digit growth performance maintained

Global Headlines

Achieved organic revenue growth of 6% (FY14: 5%);

Increased organic recurring revenue by 9% (FY14: 7%), with software subscription the primary driver;

Software subscription contracts grown to over 690,000 (FY14: 450,000) and achieved 28% growth in the annualized value of the software subscriber base to £344m (FY14: £268m);

Increased the number of paying subscriptions for Sage One by over 100% to 173,000 (FY14: 86,000), and in the UK & Ireland, surpassed 100,000 paying subscriptions in November 2015.

Sage International Headlines

Organic revenue grew strongly in the International region (Brazil, Africa, Australia, Middle East and Asia) at 14% (FY14: 11%).

Double-digit growth performance maintained in Africa:

Organic revenue of £92m for Africa represents sustained organic growth of 16% (FY14 15%), supported by double-digit organic growth in Processing and Recurring revenue.

The Enterprise market in Africa continues to perform well, with all key products delivering double digit growth.

The contribution of revenue from sales outside of South Africa supported the result, representing 15% of total Africa revenue and growing 22% organically (FY14: 22%).

33% revenue growth for Sage X3 for Sage International.

Business review

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