North East fintech firm Sage Group Plc has hailed a strong start to the year underpinned by rising recurring revenues.
Sage, a leader in accounting, financial, HR and payroll technology for SMEs, has issued a trading update for the three months ended December 31 2021 in which it saw group revenues rise by 5% to £458m.
It said recurring revenue grew by 8% to £429m, driven by a 21% rise in Sage Business Cloud revenue to £280m, with continued strength in new customer acquisition.
