Sage Reports 11% Revenue Growth to £2.06bn, Accelerates AI Roll-out
UKPulse Money Desk
FTSE 100 software company Sage has reported an 11 per cent increase in revenue to £2.06bn for the nine months to 30 June, driven by demand for its cloud accounting software. The company is also accelerating the integration of AI across its products.
- Sage's revenue rose by 11 per cent to £2.06bn in the nine months to 30 June.
- The growth was attributed to increased demand for cloud accounting software.
- Sage is accelerating the roll-out of AI across its product lines.
FTSE 100 software company Sage announced on Wednesday that its revenue increased by 11 per cent to £2.06bn in the nine months leading up to 30 June. This growth was reportedly fuelled by a boost in demand for its cloud accounting software.
Alongside its financial results, Sage stated it is accelerating the roll-out of artificial intelligence (AI) across its various product lines.