Full Year 2019 Sage Group PLC Earnings Call Transcript

Nov 20, 2019 / 08:30AM GMT
Stephen Hare - The Sage Group plc - CEO, Interim COO & Executive Director

Good morning. And welcome, everyone, to Sage's full year FY '19 results.

Hopefully, most of you know me, but in case you don't: I'm Steve Hare, the Chief Executive of Sage. And I have with me today Jonathan Howell, our CFO.

So before we start, as usual, the safe harbor statement, which is also in your packs.

So the agenda is I'm going to kick off with a few opening remarks, and then I'll hand over to Jonathan for the financial review. Now because this is my first full year as CEO as well as commenting on the detail of what's happened during the course of the year, I'm also going to make some observations about what's coming over the next 12 to 18 months and some of what I see as being the characteristics of what a great SaaS company looks like. So I'm going to kick off by going through briefly financial performance, the strategic execution and how we've been focusing.

So I'm going to start with financial performance, which in many respects has exceeded my expectations, particularly on

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