Sage recently reported mid-year earnings. You can read about the results here on their investor page. Most analysts don’t really seem to have picked up on two new things which are increasingly appearing in every Sage earnings report.
Two things most analysts don’t understand.
Sage Subscription = new name for what’s previously been known as maintenance – the recurring annual fee which many consultants tell customers is meant to cover their annual upgrade.
Growth = in some regions this appears to be driven by mostly price increases
The biggest change? Sage is no longer ashamed to admit they’re not selling new software licenses in the qty they used to.