Today Sage has released their Half Year results and Inixion is pleased to note that, whilst there is certainly caution for the remainder of the year; due to the Covid-19 pandemic and the impact on businesses, there is reason for optimism from Sage.
Here is what Steve Hare, CEO of Sage, had to say:
“Sage has had a strong first half, sustaining last year’s growth momentum as we continue to focus on recurring revenue growth, and making good progress in strategic execution. Our key priority has been the health and wellbeing of our colleagues and our service to customers. I am proud of how colleagues have reacted, and how they have supported each other and our customers. Despite the near-term uncertainties, I believe our continuing investment into Sage Business Cloud, together with our focus on customers, colleagues and innovation, form a strong base for the future performance of Sage”.
Extremely encouraging from Sage is that they have not furloughed any staff and do not intend to make any redundancies as a result of the pandemic. Further, Sage is not taking up any UK Government loans or other support. This mirrors precisely Inixion’s view and position. Together with Sage we are well placed to assist all our customers in the recovery to come. To rebuild businesses, to make them stronger and more resilient than before and to take advantage of the opportunities that this crisis may, in time, bring to some sectors.
Market analysts clearly approved of these interim results with a modest rise in the share price of Sage Group plc showing in early trading this morning: https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B8C3BL03GBGBXSET1.html
Greg Hackney, Sales Director, Inixion commented:
“In announcing their H1 results this morning, Sage also thanked their partners for contributing towards the strong progress. Inixion is proud to be a long standing Sage partner and to be assisting them and all our customers during this challenging period”.
The full Press Release including the Sage Half Year results can be viewed here: https://www.sage.com/investors/investor-downloads/press-releases/2020/05/the-sage-group-plc-unaudited-results-for-the-six-months-ended-31-march-2020/
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