The Sage Group plc (SGE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to the Q1 Trading Update call for the Sage Group. Your speakers today will be Steve Hare, Chief Executive Officer, and Jackie Carton, Chief Financial Officer. After a short presentation, there will be a question and answer session. To ask a question, you'll need to press star 1 and 1 in your telephone. I would now like to hand the conference over to Mr. Hare. Please go ahead. Thank you very much, and good morning to everyone. And as always, thank you for joining us. I'm really pleased to be joined this morning by Jackie Carton, who's a new CFO, as you know, started on the 1st of January. And without further ado, I'm going to hand over to Jackie, who's going to talk us through the Q1 performance, and then we'll open up for some questions. So over to you, Jackie. Thanks, Steve. Good morning, everyone. So I'm pleased to say that SAGE has made a strong start to the year. with growth strengthening across our key regions. As a result, total revenue for the group increased by 10% to 674 million. In North America, revenue grew by 13% to 304 million. That was driven by strong performance from Sage Intact and was supported by continued growth in Sage 200 and Sage 50. In the UKIA region, revenue increased by 10% to 194 million. This reflects further rapid scaling of Sage Intact and strong growth in Sage Accounting and Sage 15. And in Europe, revenue increased by 7% to 176 million, with good levels of growth across our accounting, HR, and our payroll solutions. I'll turn now to the performance drivers. SageBiz of cloud revenue grew by 15% to $574 million. This reflects good strategic progress and continued investment in our cloud and AI-acquired solutions. Within this, quite native revenue grew by 24% to $253 million, supported by continued streng...