Software revenues at Sage Group are up 13% to £336m whilst recurring revenue growth was up by 8% to £429m. Total Group revenue jumped by 5% to £458m.
In North America, revenues increased by £174m whilst in Northern Europe, revenues increased by 7% to £102m.
Jonathan Howell, the chief financial officer of the group, said: “Sage has made a strong start to the year, accelerating growth in line with expectations.
“Sage Business Cloud has performed particularly well, driven by continued growth in both cloud native and cloud connected solutions, as we execute on our strategy to be the trusted network for small and mid-sized businesses.”
“Accordingly, we reiterate our guidance for the full year, as set out in our FY21 results announcement,” he added.
Last week, Sage completed the acquisition of Brightpearl.