The Sage Group plc (SGE) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.077 Good morning, everyone, and welcome to Sage's Q1 Trading Update. 00:00:06.280 -- 00:00:10.827 I'll briefly run through the key numbers and the performance of the business. 00:00:10.827 -- 00:00:14.710 And after that, we can open for Q&A. 00:00:15.054 -- 00:00:20.061 Sage has made a strong start to the year, delivering revenue growth in line 00:00:20.061 -- 00:00:22.382 with our expectations. 00:00:23.026 -- 00:00:27.032 Total revenue for the group increased by 10% 00:00:27.032 -- 00:00:29.697 to 612 million. 00:00:29.697 -- 00:00:34.400 driven by broad-based growth across all regions. 00:00:35.444 -- 00:00:40.769 In North America, revenue grew by 11% to $279 00:00:41.051 -- 00:00:42.593 million, 00:00:42.593 -- 00:00:47.780 with a good performance in Sage Intact, together with continuing growth in Sage 00:00:47.780 -- 00:00:51.602 200 and Sage 50. 00:00:51.965 -- 00:00:57.753 In the UKIA region, revenue grew by 9% to $176 00:00:57.753 -- 00:00:59.279 million, 00:00:59.279 -- 00:01:03.363 This was driven by strong progress in Sage Intact, 00:01:03.363 -- 00:01:08.407 together with further success in Sage Accounting, Sage Payroll, and 00:01:08.407 -- 00:01:10.708 Sage 50. 00:01:11.050 -- 00:01:15.492 And in Europe, revenue increased by 8% to 157 00:01:16.114 -- 00:01:20.999 million, with a strong performance across our accounting, 00:01:20.999 -- 00:01:24.680 HR, and payroll solutions. 00:01:26.524 -- 00:01:29.823 Turning now to the main performance drivers, 00:01:29.823 -- 00:01:34.928 Sage business cloud revenue grew by 13% to just over 500 00:01:34.928 -- 00:01:36.810 million, 00:01:36.810 -- 00:01:39.812 reflecting good strategic progress 00:01:39.812 -- 00:01:44.515 as we further expand our global cloud solutions. 00:01:45.218 -...