Friday 26 January 2018

Takeaways from Sage Capital Markets Day

logoSage Group’s 2015 Capital Markets Day (CMD) was all about its three year transformation plan. Three years later, having ticked various boxes (Sage: transition complete, targets met), the 2018 CMD set the scene for the next phase in the company’s development.

The bold ambition: “to be the acknowledged market leader”, was accompanied by practical mechanics firmly focused on execution as it looks to a total addressable market it says is worth $28bn annually and growing at 7% per year. Far from being carried away, Sage is looking at growth levels that aren’t that far ahead of the market growth scenario – 10% annual organic revenue growth in the mid term (3 years) and sustainable over the long term (5+ years), with 27% organic operating margin in the mid term, rising to at least 30% long term. Sage is still guiding for 8% organic revenue growth in the current fiscal year despite the slow start in Q1. The ‘how’ is what matters now, as CEO Stephen Kelly and his leadership team stressed. More...

Posted by Angela Eager at '10:25' - Tagged: strategy   software