General Consultant Discussion

In North America, underlying total revenue increased by 12% to £1,052m, with growth across Sage's key
accounting solutions, particularly among mid-sized businesses. Recurring revenue grew by 13% to £1,028m
(FY23: £913m), while subscription penetration increased to 81%, up from 78% in the prior year.

In the US, total revenue increased by 12% to £918m, with growth moderating compared to the prior year. Sage
Intacct, which represents over 40% of US revenue, grew by 24% to £385m (FY23: £311m), driven by strength
across multiple verticals including not-for-profit and construction & real estate. Revenue was also driven
by Sage 200 cloud, Sage 50 cloud and Sage X3, reflecting good levels of upsell to existing customers and
higher pricing, together with growth from new customers.

In Canada, total revenue grew by 11% to £134m, driven mainly by Sage 50 cloud which saw strong renewals
and new customer acquisition, together with growth in Sage 200 cloud. In addition, Sage Intacct grew
strongly, while Sage HR achieved good traction following its Canadian launch earlier in the year. 

Read the full release - https://www.sage.com/investors/-/media/files/investors/documents/pdf/downloads/results/full%20year%202024%20results/full%20year%202024%20results%20press%20release.pdf

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Wayne Schulz
wayne@s-consult.com
Schulz Consulting
(860) 516-8990
CT
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At the same time, Sage announced price increases for their Sage 100 , Sage 3300 product line -  for perpetual, subscription and customers below list price.

These increase are in Sage Partner Central - which does not appear to offer a way to share a direct link to content ( please update me if I am overlooking a way to post a link to content in Partner Central ).

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Wayne Schulz
wayne@s-consult.com
Schulz Consulting
(860) 516-8990
CT
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