The Sage Group plc Announces Financial Results for the First Quarter Ended December 31, 2016; Reaffirms the Earnings Guidance for the Full Fiscal 2017
The company reaffirmed the earnings guidance for the full fiscal 2017. First quarter results are broadly in line with the company's expectations. The company indicated at the time of the full year results that the early part of fiscal year 2017 would start more slowly, with growth accelerating through the year and into fiscal year 2018. For the year as a whole the company remains confident that its will achieve the guidance of at least 6% organic revenue growth and at least 27% organic operating margin.