Sage has posted its financial results for the year ended 30 September 2024, and total revenue increased by 7% to £2.332m.
Operating profit was up 43% year-on-year, from £315m for FY23 to £452m for FY24.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA), grew by 16% to £622m.
Sage also separately announced a share buyback programme of up to £400m, reflecting its strong cash generation, robust financial position, and what the board said was it’s confidence in Sage’s future prospects.
Sage CEO, Steve Hare, said: “Sage has delivered another successful year, achieving strong, broad-based revenue growth together with significantly higher profits and cash flows. Building on our progress to date, we look forward to delivering further sustainable growth in the year ahead.”
