Financial performance

• Serving a wide range of SMBs across diverse geographies, with deep expertise across financials, payroll and HR.
• Broad ecosystem of partners, accountants, resellers and independent software vendors (ISVs) who enrich and expand the reach of our offering.
• Solutions backed by business advice and human
  customer support.

19 countries

• Rolling out global cloud solutions across our markets, led by Sage Intacct.
• Adding value to existing and new customers by delivering new cloud services.
• Scaling and leveraging the Sage Network to transform the workflows of SMBs.
• Boosting productivity for customers through AI-driven insights and automation.
   

£344m R&D spend 
in FY24

• Focused on scaling the business, with growth creating headroom to increase investment and expand margins.
• Growth supported by favourable SMB drivers including the need to raise productivity through digitalisation and compliance.
• Strong commitment to ESG supporting the long-term sustainability of Sage.

ARR growth 11% 
in FY24

• High-quality revenue base which is over 97% recurring, with 82% from software subscription.
• Highly cash generative, low capital intensity business, with underlying cash conversion over 100% for each of the last six years.
• Organic and inorganic investment balanced with dividends and additional capital returns to shareholders where appropriate.

Cash conversion 123%
in FY24