The Sage Group plc announced financial results for the first quarter ended December 31, 2016. Group organic revenue was increased by 5.1% for the first three months of the year. Growth for the quarter excluding the US Payments business, where the company is evaluating strategic options including a potential sale, was 5.9%. The group's financial position remains strong and net debt as at December 31, 2016 was £380 million (£397 million as at September 30, 2016).
 
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.