Sage Group
Phase one of the transformation of Sage Group under Stephen Kelly, chief executive since November 2014, is over. Phase two began at the start of the financial year on October 1 and will continue through the year. There is apparently no phase three, except “business as usual”.
Progress was evident with the software company’s full-year figures. The aim has been to shift to more reliance in revenues from subscriptions to its products, which is more reliable — or “sticky” in the jargon — and away from one-off sales and licensing.
So recurring revenues were up by 10.4 per cent, the fastest growth for a decade, and account for 70 per cent of the total, a proportion that has been growing steadily. The number