Sage X3 growing ""fine"". X3 is not performing consistently. If general business confidence is low then people take longer to make decisions. This impacts the upper end. X3 trying to land ""20-50"" new customers, so a delay in purchase may result in an impact in growth.
Slow: Brazil, Asia.
Not much detail here but you can listen to the Q&A with Steve Hare.
Group organic revenue increased by 6.6% for the first three months of the year.
Organic recurring revenue grew by 10.4%, driven by software subscription revenue which grew by 35.7% for the quarter.
Organic software and software related services (SSRS) revenue declined by 5.3% as a reflection of the planned transition to subscription relationships and therefore less upfront revenue from new licences and upgrades.
Organic processing revenue increased by 5.4% and includes for the first time, Sage Payroll Solutions which was acquired at the start of FY15.
The Group's performance was led by good growth in Europe, balanced by a slower performance in the International region: growth in Africa has remained strong but was slower in some other geographies.
Management is confident that the business remains on course for FY16 full year guidance: delivering at least 6% organic revenue growth and 27% operating margin, weighting investment for growth towards the first half of the year.
- See more at:
http://www.sage.com/company/investors/regulatory-announcements/2016/01/27/q1-trading-statement#sthash.h9Dd3Lkp.dpuf
http://www.sage.com/company/investors/regulatory-announcements/2016/01/27/q1-trading-statement