6. Outlook

We reaffirm the previously announced forecast for fiscal 2008: Group revenue should grow by 24 to 27 percent following currency adjustment. The EBIT margin should be approximately 24 percent in the current fiscal year. Our markets for SOA and BPM are growing at an excellent pace. Our current market share of more than 6 percent holds potential for further expansion. With our excellent, world-class products for these markets, we believe that Software AG is well positioned to continue its profitable course of growth.

The Company can counter the risk of a weakening business climate in the established markets with increased sales expectations in Brazil, based on the projection that the ETS division will have a greater share in the growth of overall revenue in 2008 than originally planned. From our current standpoint, we therefore project currency-adjusted revenue growth of approximately 12-14 percent for ETS, and expect that the webMethods division will grow by approximately 40-45 percent over the entire fiscal year. The change in the sales organization undertaken in May will also help to achieve our objectives as it increases our opportunities to win larger projects.

Medium-term planning

Our goal is to reach the revenue threshold of €1 billion by 2010, latest 2011 by way of organic growth as well as growth by acquisitions. At the same time, we intend to continue improving the EBIT margin; our medium-term target is an EBIT margin of 27 percent.