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Sage investor relations | About us | Sage at a glance

Sage at a glance

Sage exists to knock down barriers so everyone can thrive, starting with the millions of small and medium-sized businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights.

Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.

Investment highlights

Sage has a large and growing total addressable market in excess of around £31bn. The following financial highlights underpin our investment case (all figures from Sage’s full year 2023 results).
High quality recurring revenue
11 % growth in annualised recurring revenue (ARR) to £2.2bn, with 96 % recurring revenue.
Strong free cashflows
Free cash flow of £404m in FY23, and underlying cash conversion of 116%.
Investing to drive growth
Underlying operating margin increasing to 20.9%, driven by operating efficiencies as we scale the Group.
Robust financial position
1.0x net debt to EBITDA, with cash and available liquidity of £1.3bn.
Shareholder returns
Dividend of 19.30p per share, in line with progressive dividend policy.
Favourable sustainability credentials
Sage has an AAA rating from MSCI, a low risk rating from Sustainalytics, and is a supporter of TCFD.

Global reach, local focus

Sage is a globally diversified business with operations across three core regions. We have a strong digital and direct sales presence, further enhanced by a global network of partners contributing significant indirect sales, including:

  • 80,000 accountants who advise and sell Sage solutions
  • 40,000 value added resellers who sell and implement Sage solutions
  • 700 ISVs and app developers who add further functionality and vertical customisation to Sage solutions
  • 1,400 partner integrations in our marketplace
  • Dozens of strategic alliances

North America

44 % of underlying revenue

USA and Canada


29 % of underlying revenue

UK, Ireland and Africa


27 % of underlying revenue

France, Iberia, and Central Europe

Solutions and services to help businesses thrive

Sage Business Cloud is a portfolio of unified cloud native and cloud connected solutions for small and medium-sized businesses, enabling customers to be more productive, resilient and flexible. Sage is innovating to enrich these solutions, providing a digital environment of applications and services that make it easier for customers to connect, collaborate and do business.

  Cloud connected solutions
Cloud native solutions
Medium businesses
Sage 200cloud
Sage X3
Sage Intacct
Sage People

Small businesses
 Sage 50cloud
Sage 50 Payroll
Sage Accounting
Sage Payroll
Sage HR
  Cloud connected solutions combine the power and productivity of the desktop with the freedom and security of the cloud. Cloud native solutions offer anytime, anywhere availability, automatic updates, and full access to a wide ecosystem of partner ISVs in a hosted environment.

Explore further

Investor centre

Annual report

Financial information

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