Software AG to report growth in revenue and profit for Q2, 2004
Ad hoc Disclosure
Darmstadt, 7/15/2004
Software AG (SOW) will report license revenue of approximately €29 million for the second quarter 2004, (€24 million in Q2. 2003), according to the first consolidation of the quarter’s financial figures.
Software AG (SOW) will report license revenue of approximately €29 million for the second quarter 2004, (€24 million in Q2. 2003), according to the first consolidation of the quarter’s financial figures. The increase of more than 20%, compared to the same quarter in 2003, was due to strong growth in Enterprise Transaction Systems license revenue. The company expects total revenue of approximately €106 million for the quarter (€103.1 million in Q2, 2003).
As a result of the revenue increase and the successful cost reduction program, Software AG expects an operating result (EBIT) of approximately €24 million for the second quarter. This equals an increase of close to 40% compared to the corresponding result for 2003 (€17.4 million according to International Financial Reporting Standards). In addition Software AG realized €24.5 million through the sale of its stake in SAP SI.
Full and finalized figures will be published on July 29, 2004.
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Contact: Software AG Otmar Winzig Senior Vice President Investor Relations & Compliance Uhlandstrasse 12 64297 Darmstadt Germany Tel: +49 (0) 6151-92-1669 Fax: +49 (0) 6151-92-34-1669 press@softwareag.com http://www.softwareag.com |
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or: Software AG Susanne Eyrich VP Corporate Communications Uhlandstr.12 64297 Darmstadt Germany Tel: +49 6151 92-1511 Mobile: + 49 170 4522702 Fax: +49 6151 92-1621 press@softwareag.com http://www.softwareag.com |
