London-listed enterprise software firm Sage has held firm on its full-year guidance after posting a 9% revenue bump for the quarter.
In its latest trading update, the Newcastle-headquartered firm reported revenue of £1.7bn, up from £1.59bn in the same period last year.
Sage, which provides accounting, HR, payroll and other financial software for SMEs, reported revenue growth across all of its regions, most notably North America, which saw a 12% lift.
“Sage performed well in the first nine months, delivering revenue growth in line with our expectations and sustaining good momentum, despite ongoing macroeconomic uncertainty,” said Sage chief financial officer Jonathan Howell.
Howell said the company’s performance in the third quarter of 2024 means it will stand by the guidance given in its half-year trading update.
The firm said it expected revenue growth for the full year to be “broadly in line with” its half-year performance, in which revenue grew by 10%.
In February, Sage launched an automated productivity assistant, catching the generative AI co-pilot wave.
The company said the Sage AI copilot acts as “a trusted member of the team”, performing administrative tasks such as creating and sending invoices.
“Our continued success in transforming the workflows of small and mid-sized businesses, supported by our focus on innovation and investment in AI, underpins confidence in our strategy to deliver sustainable, efficient growth,” added Howell.