---
title: "The ERP Minute Episode 25: February 9, 2022"
description: "The ERP Minute Episode 25: February 9, 2022"
---

[ERP Blog | Videos | Podcasts ](https://www.erpadvisorsgroup.com/blog)

# [The ERP Minute Episode 25: February 9, 2022](https://www.erpadvisorsgroup.com/blog/the-erp-minute-episode-25-0)

 Written by [Erica Windle](https://www.erpadvisorsgroup.com/blog/author/ericaw) | Feb 9, 2022 4:38:36 PM

Sage recently issued a trading update for their first quarter of 2022, indicating that recurring revenue grew by 8%, underpinned by a 21% rise in Sage Business Cloud revenue, and continued strength in new customer acquisition. Software subscription revenue grew by 13%, increasing subscription penetration to 73%. Congratulations to Microsoft for receiving the top position in the IDC Marketspace for the Worldwide Manufacturing Field Service Management Applications Vendor Assessment for 2021 through 2022. Planful, a provider of financial close, consolidation, and financial planning & analysis cloud software, announced that the company has been named a Leader in the Nucleus Research 2022 Corporate Performance Management Value Matrix for the ninth year in a row. Gartner recently released a report stating that they predict 25% of people will spend at least one hour per day in the Metaverse by 2026.

 

Sage recently issued a trading update for their first quarter of 2022, indicating that recurring revenue grew by 8%, underpinned by a 21% rise in Sage Business Cloud revenue, and continued strength in new customer acquisition. Software subscription revenue grew by 13%, increasing subscription penetration to 73%. Congratulations to Microsoft for receiving the top position in the IDC Marketspace for the Worldwide Manufacturing Field Service Management Applications Vendor Assessment for 2021 through 2022. Planful, a provider of financial close, consolidation, and financial planning & analysis cloud software, announced that the company has been named a Leader in the Nucleus Research 2022 Corporate Performance Management Value Matrix for the ninth year in a row. Gartner recently released a report stating that they predict 25% of people will spend at least one hour per day in the Metaverse by 2026.

 

[View full post](https://www.erpadvisorsgroup.com/blog/the-erp-minute-episode-25-0)

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